Project Management : The Iron Triangle

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 this paper, I, a student of University of Phoenix will explain and discuss project management. I will address three main points. I will first answer what is a project. Secondly, I will discuss what are the basic phases of the project lifecycle and their purpose. Finally, I will explain why it 's important for organizations to use project management to accomplish tasks.

need to be upgraded and the existing data will need to be transferred into the new

Part 1: Search the internet for the term "IT outsourcing". Find at least two articles that discuss outsourcing, whether beneficial or controversial. Summarize the articles and answer the following questions in a two to three page paper:

Prepare a five to seven paragraph response proposing leadership styles you would recommend for the Denver Airport Project. Please choose a combination (two or three) of the eight leadership styles presented in the Thompson textbook (Chapter 11: Leadership: Managing the Paradox). Please note that you are to also use three other sources from the internet or the DeVry online library. All sources must be cited.

Define a project. What are the characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?

Unit VI Project Part 1 Dependencies A Gain an understanding of the marketplace A1 Assess Supply Chain Management A2 Analyze Competitor trends A1 A3 Analyze investment timing A1 B Analyze your business A B1 Analyze Consumer trends

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

Forming the priorities for the project considers the three project measurement elements: cost, scope, and time. By determining with the customer which one of these elements are the priority over the others, the project manager can determine which element can be the constraint, which one can be enhanced, and which element to accept. This can affect the quality of the project if time, cost, or scope is the priority. With this project, we do know that the cost of the project cannot exceed a budget of $1.2 million. Therefore the cost is a constraint – no flexibility in this area. Time could be accepted, meaning that the date for the conference could be in twenty or twenty one month – not an exact date. Performance or scope of the project can be enhanced with the flexibility of the projects that the individual teams undertake before the conference. In fact, the service at the venue could be of elegant quality or simply good food. The scope of this project could be enhanced.

As stated by to the Project Management Institute, “A project is a temporary process which has a predetermined beginning and end according to the requirement, and therefore has a set of defined scope and resources. A project is unique as it is not a routine operation. It is rather a specific set of procedures and processes designed to accomplish the targeted goal” (Project Management institute, n.d.). A project is not a continuous or a permanent job which needs continuous work put into it. It is, therefore, different and separated from the daily operation of a company. Since a project is an undertaking of a company to attain some special assignments and tasks, it can be of different financial and operational sizes. Some projects can

After discussing the literature preview in the previous chapter, this chapter will discuss about the project planning phase and methodology use in the project. The sub topics is described and determined by the model to be used.

Von Bertalaffy (1956) defines a system as a complex of interacting elements. Rapaport defines a system as an entity which can maintain some organization in the face of change from within or without. Ryan defines a system as a set of objects or elements in interaction to achieve a specific goal. In 1936, it was first revealed by Ludwig Von Bertalanffy, a biologist. Just because he witnessed them striking parallel to each other he sensed the need for an approach to lead research in several disciplines. He guessed that if several disciplines focus their efforts and research, they would be able to make out rules and regulations which would be implemented on many systems. And that would allow researchers and doctors to

(Partington, 1996) States that with the rapid transformation from bureaucratic and hierarchical structures to more flexible, organic and matrix organizations conferences, seminars and organizations proliferated on how to manage projects. The PMI (Project Management Institute) was founded in 1969 as a nonprofit organization with the sole objective to “foster recognition of the need for professionalism in project management; provide a forum for the free exchange of project management problems, solutions and applications; coordinate industrial and academic research efforts; develop common terminology and techniques to improve communications; provide interface between users and suppliers of hardware and software systems; and to provide guidelines for instruction and career development in the field of project management” (Healy, 1997).

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There are several argument that the failure of project may be caused by the lack of project management while other belief that it is because “an organization did not focus sufficiently on the people aspects of the project” (Change first, 2009). In fact, the project management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives (APM), coupled with the definition by MSP, “the programme management provides a framework that integrates and reconciles competing demands for resources, providing a context and control framework for the project of the program” and “can help organizations avoid the pitfalls and achieve their goals”. However, the other research examined that although the project management provides a means to bridge gap between project delivery and organizational strategy, it is facing some concerns , and lead to the demand of changing business management (Lycett et al., 2004). The APM confirmed that disciplined delivery methods are necessary to managing benefits of project, it is not sufficient to ensure benefits realization. This requires the effective planning for changing, the engagement of stakeholders throughout the business change, the change in behaviour and the ability to maintain a business change. So, the change management is significant important to the overcome the project failure by adopt some standards approach. By analysing the model of Kotter process, the role of change