Project Management : Organizations Overcome Common Problems And Challenges Of Managing It Projects

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

‘Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements’ (Project Management Institute, 2009, p12). Once a project has been approved a project manager is assigned to the project, and ‘is expected to integrate all aspects of the project, ensure that the proper knowledge and resources are available when they are needed, and ensure that the results are produced in a timely, cost-effective manner’ (Meredith and Mantel, 2010, p5). In order to allow this to happen there are several key aspects of a project which need to be carefully thought out and controlled.

Any successful project management, regardless of the organizational structure, is only as good as the individuals and leaders who are managing the key functions. Project management is not a single-person operation; it requires a group of individuals dedicated to the achievement of a specific goal.

Larson, E.W. and Gray, C.F. (2012, p. 214). Project Management: The Managerial Process, 5th Ed. McGraw-Hill Learning Solutions. Boston, MA.

Using project management offers a business a way for dealing with considerably lowered phase times. With businesses operating internationally projects that can have an effect on the company as a whole are not easy to manage without a proper line of attack. For this, project management would help cross functional teams to be more successful.

Project management is the application of knowledge, skills, tools, and techniques to conform to customer demands.

Project Management is quickly becoming a field of study and importance in the business world. A search on the Internet of the title “Project Management” yields hundreds or results including forums, training manuals and job openings for related positions. Project Management is a broad term referencing the necessary steps taken by management to ensure a product is feasible before and during implementation. According to Project Management Learning Objectives, the steps to achieve success in this area include: testing and measuring products, evaluating and managing the product cycle, comparing costs and benefits, measuring product worth, economic analysis, product analysis, teambuilding and leadership, and budgeting

Management of a project is linked with the planning and managing of change in an organization, but the project can also be something that is not related to the business. It can be a domestic situation like shifting a house or a wedding plan. Therefore, the methods and tools of project management can be even more useful than one can imagine. The techniques of project management and its planning tools are very useful and important for the tasks in which there is a possibility of outcomes and the risks of different problems and failures exist.

So, let 's start with a general definition of "project management". Very simply, project management (PM) is just another way to get things done! However, as businesses and technologies have matured, so has the 'science ' of PM, in lock-step with the nature and scope of business today - global, distributed, matrixed and virtual. It may be easy to get a single task done between a supervisor and their employee when they both sit in the same building, across the hall from each other. The supervisor asks, the employee delivers. However, the nature of work has changed. It has become global - project team members may be comprised of people on multiple continents and time zones. Work has become distributed - a single, complex task can be

The purpose of this paper is to recommend that Project Management is a concept that focuses on the dynamic characteristics of a multi-facetted organization. In such a changing situation, effective communication is a characteristic that should be stressed and becomes the most important tool for the project manager and team members.

With aspiration of becoming a project manager, the information pertained throughout this course served as a great guide to being an effective project manager. Being effective is the best route in ensuring a successful project. It is critical that the project is managed effective from the beginning of the business project. While the success of a project is never guaranteed, project managers have better chances with implementing the tools discussed from this course. I will first discuss the importance of project management to the business world. In addition, the different components of project management such as project life-cycle management, project organizations, team building, work breakdown structure and the use of project management software are some of the implement to be discussed as well. The software comes with the benefits that can be provided to a project management organization.

Project management, is a strategy that works proportionally with the effort put into it from every aspect, whether it’s human resource, Physical resource or time. The skill and knowledge of an individual/team put into the application of techniques, and the tools and materials for the realisation of the project should all be taken into account to build what is called a successful project.

In a world growing more dynamic and challenging, individuals and institutions seek new ways to adapt to the changing times. One specific solution in this sense is represented by project management. The concept is often associated with the business community, where the projects are business related, but its application in real life is far wider. Particularly, project management is an integrant part of how we organize our personal and professional actions and it impacts every aspect of our lives.