Essay on Project Management Trends: The DMM Model

Secondly the paper will examine a management tool, Work Breakdown Structure (WBS), scrutinising DE&S’s inability to recognise the depth of sub-projects, (such as the training requirements for the end user), which when put to good use allows a project to operate more effectively.

Discuss the principal reasons why project management has become such a popular business tool in recent years. (Objective 1.1)

Project management with its concepts, theories, methodologies, tools and techniques has developed during the last 30 to 40 years. There are number of other methods of project management which have emerged in recent years, and also started to be used in various projects by both the private and public sectors. Although some modern theories of project management are developing, that doesn’t mean that the traditional ones are no longer used or suitable for current project management practices. Both the traditional and modern project management approaches are still used in everyday project practices, though there have been some debates whether to rigorously adhere to the traditionally accepted approach or to apply newer and modern approach, because the traditional ones are considered to be

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

Larson, E., & Gray, C. (2010). Project management, the managerial process. (5th ed., p. 158).

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.

Gray, C. F. & Larson, E. W. (2008). _Project Management: The Managerial Process_. Boston, MA: McGraw-Hills Companies, Inc.

In this paper the word ‘project” is defined, discussed and elaborated on. The phases of a project lifecycle and its purpose are to be discussed, and how it is important for organizations to use project management to accomplish tasks will in conclusion be discussed thoroughly. The indisputable word ‘Project” may be defined in numerous unusual ways, some can all have the same meaning and others can mislead a reader. The definition that accurately explains what a project is, comes from the Houghton Mifflin Company (2009) website stating; “something that is contemplated, devised, or planned; plan; scheme.” A definition that can mislead a reader is this definition from the same website just two paragraphs

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

Business has changed in the past 20 or so years. Products are being produced more rapidly and with the introduction of globalization competition has become more abundant. There is a need to become more customer focused but at the same time quicker to market while still reducing cost. Doing business the old way is just not cutting it anymore. Project management gives companies the ability to focus on many things at once without losing focus on their core business model. Processes become projects that have a start and finish and can be tracked and quantified

The PDQ project will take a detail process that will help launch the appropriate software technology along with existing processes in order to implement new cutting edge innovations. Although technology is not the only leverage for improving project management, modern technology is an important element (Kendall & Austin, 2013). Today, businesses depend on technology to produce more in less time and with minimal resources making modern technology a critical component to a successful business. In today’s high tech world, it is important to develop and execute effective project management strategies that will place the company at a competitive level. Companies must continue to work on projects that will drive their business to innovate and change for the better (Shenhar & Dvir, 2997).

ReferencesCrawford, J.K. (2006). The Project Management Maturity Model. Information Systems Management, 23(4), 50-58. Retrieved November 1, 2006, from ProQuest databaseFithen, R. (2003). IT project closure. Risk Management, 50(10), 22-25. Retrieved November 1, 2006, from ProQuest database.

This document describes the proposal of creating a new EPMO organization within HTF (Hypothetical Financials) to oversee the standardization of its IT project management processes including those for software development. HTF 's (Hypothetical Financials) different LOBs currently follow various flavors of SDLC models for software development and project management processes and it is known the firm was too big to adopt quick process changes. The creation of an EMPO organization is not a trivial efforts and is estimated to cost about 6 million dollars spanning 3 years duration. The initiative will go through annual evaluation and budget planning process

• Past evidence to manage big projects:- In year 2000, conversion of order management AtekPC used project management approach. They got everyone together and got it done smoothly. Everyone appreciated it and said it was done well.

Due Due to its unique philosophy and form of management project management can thus be viewed as dynamic.