Project Management : The Application Of Processes, Methods, Knowledge, Skills, And Experience

1568 Words Nov 26th, 2015 7 Pages
Naybor (2014) defines Project Management as the application of processes, methods, knowledge, skills and experience to achieve a desired objective. He states that Project management is essentially aimed at producing an end-product that will effect some change for the benefit of the organisation that instigated the project. A key factor that distinguishes project management from just management is that it has this final deliverable and a finite timespan, unlike management which is an ongoing process (Naybour 2014)
Arguably, for all but the simplest projects a formal approach to managing a project produces works best. The control imposed by a formal approach is especially essential when there are complexities such as new technology, inter-dependent tasks, teams spread across several departments or companies, or where teams are located in different parts of the world; all common occurrences in many business projects. It is argued that investment in effective project management will have a number of benefits to both the organisation overall and the people involved in delivering the project. (Naybour 2014)
This report is going to describe and critically demonstrate the importance of project management in respect of two case studies. The Millennium Dome Project and Manchester City Football Club By-out Project. In addition, it will identify the individual projects’ risks and explain strategies for addressing and mitigating project risks identified

1.1 Project…
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