Project Management: Resource Considerations

2) Time: All projects will have a deadline, whether it is tied to an event (e.g. Olympics) or an arbitrary deadline set by

Delegation is one of the most important management skills as it empowers the team member to make decisions. However, the person who delegated the work remains accountable for the outcome of the delegated work.

Resources used will be primarily the project team members. To reduce risk all members need to be aware of the project schedule so that the right team members are available at the right times. Adequate computer resources, physical space and other support staff need to be ensured so that the project does not fall behind schedule.

Delegation is a skill that is learned overtime with experience. It is a management tool that should be used effectively. In a successful delegation, a two-way communication, initiative, appreciation and willingness to help each other is very important. It helps in building trust and a

Executive Summary Project management is the science of planning, organizing, executing, and managing the resources needed to achieve a specific goal. Effective project managers (PM) strategically facilitate the entire project management process to ensure the project’s success. To do this the PM must adequately meet the specific requirements (i.e., time, scope, quality, and cost) set forth by the project and its stakeholders. It is theorized that PM must possess a set of core competencies in order to successfully manage a project. Those competencies are development of project management knowledge areas, application of appropriate project management tools and techniques, understanding of the project

The project manager has almost total authority over the members of her team in the projectized structure. She makes assignments and directs team members’ task efforts; she controls the project budget; she conducts team members’ performance assessments and approves team members’ raises and bonuses; and she approves annual leave.

Project managers play the leading role in the project management process: They are accountable for the completion and delivery of projects. They create an atmosphere of teamwork and collaboration in which a defined goal can be achieved in a controlled and structured manner by a group of people. Project managers manage projects on a day-to-day basis, maintain a continuous focus on moving projects toward their defined objective, drive the decision-making process and execute milestones according to plan

H. Resources are the things needed to get a job done, such as tools and machines, materials, information, energy, people, capital, and time.

Delegation is giving someone else the responsibility for carrying out a task while still retaining accountability. It is one of the most important management skills which saves time, motivates and develops people.

A good leader led his team to improve their skills in order to achieve the goals, as Lafaste stated “as a leader, you must be able to relate to the team and earn their respect and loyalty to the goal. This cannot be accomplished by being a dictator and micro-managing the team and the members. A leader must manage and master the core competencies”. Once again, I can point the role of the Project Manager, leading and motivating, not solving the problems but being sure that the problems are solved, by his team.

A Project manager must make sure that each member does what they must do or else the project in likely to fail especially

22. Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

The most important thing they can do is communicate effectively with team members across projects to make sure that everyone is aware of what is expected and to resolve conflicts before they cause issues that affect the success of the project. Expecting employees to shift their focus to very different job functions reduces their performance and impedes work flow. They should keep employees in similar functions that are best suited to their abilities to achieve maximum productivity. Project managers should be able to effectively share resources so the company benefits but

Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the

Because of this, project management is important because they often are able to assess risks and find solutions for them before the problem starts of before it becomes bigger. Organizations are finding that project management is an important part of their organization if they want it to succeed, but the project management team will also need to understand the project life-cycle and the benefits of working with it.