University of Information Technology & Science (UITS)
Term Paper
For
Project Management
SubmitTo:Md.Abdullah Al-Hasan
Lecturer: BBA, MBA (Finance & Banking, CU)
School of Business (UITS)
Subject: “Project Management Practices in Bangladesh”
Submitted By:
Name of Student: Mahmud
Name of Program: EMBA
ID No: 09335018
Batch No: 22nd
Semester: 3rd Semester (Fall-2009)
Date of Submission: 1st January, 2010
Project Management Practices
Project management is defined by the set of principles, methodologies, procedures and practices used to ensure that "projects" are completed on time, on budget and as required. To qualify as a project, the designated initiative must have specific
…show more content…
Those cases where the goal was accomplished have our respect and admiration. But they are few and far between. Why? Because one or more of the project management practices were not considered!
Fast tracking is usually accomplished by gutting the planning process. Sure, if you shorten the time here, you are underway faster. But let's look at some components of a good planning phase and see if they can safely be dispensed with...
Scope
Stakeholders: Individuals and organizations who need the project or are affected by it
Standards: What quality level is required: perfect, workable, just get it running?
Whose standards: internal policy, external like government or regulators? Written or implied?
Organization Structure
Authority: project manager often gets as much authority as s/he takes
Autonomy: team members need approvals from their respective organizations?
Stakeholders: are there others who think they should be stakeholders but haven't been included?
Goals: does the whole organization agree with the goals?
Risks
Has a SWOT Analysis been done?
What steps have been identified to overcome the risks?
Goals
Should be written, clear and detailed
Need to be signed off by all stakeholders before execution commences to avoid later confusion Sure as long as it is not accomplished by glossing over them. For example, a SWOT Analysis is often done casually by a small section of the project team and the
As with Human Resources, Project Management is a functional area of business that is currently evolving to meet the changing demands of the modern business. Whereas in the past Project Management could be described as taking a task from start to finish, in the modern workplace there is much more emphasis on ensuring a task is completed as efficiently as possible with little or no downtime between projects.
Project management is short term; it has a beginning, an end, and has identified steps to take throughout the process. The steps of project management are as follows: proposal, initial investigation, detailed investigation, development and testing, trial, operation and closure, as well as, the evaluation. There are measurable benefits to using project management within an organization for certain key objectives or processes that need
‘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.
Project management is the performance based process focus on one o more deliverable. It is the process of identifying a problem or need coming up with possible solution, deciding on the best one and completing the project in a manner that is acceptable to
Project Management is the art of arranging, sorting out, spurring, and controlling resources to attain specific objectives. A project is a brief endeavor intended to deliver a unique product, service, attempted to meet extraordinary objectives and goals, commonly to achieve helpful change or included quality.
Project management is defined by BusinessDictionary.com as, “Approach to management of work within the constraints of time, cost, and performance requirements.” Project management requires careful planning and studying all of the factors involved with in the project. Project Managers must first establish the needs of the stakeholders and provide a project plan which includes the cost and time frame the project will be completed. In addition, projects requirements should be clear and concise to ensure the Project Manager stays within
relatively short-term objective that has been established to complete specific goals and objectives. project management utilizes the systems approach to management by having functional personnel assigned to a specific project (Kerzner, 2006).
According to Doctor Talley slide on Project management and also in line with Jack Meredith & Samuel j. Mantel, project management was defined as “The application of knowledge, skills tools and techniques to project activities to meet the project
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
Project management is the discipline of planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives. It is often closely related to program management (Wikipedia).
Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.
What is project management? Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. (PMBOK 2004)
A project is a set of activities that normally coordinate toward some major output and planned considerable period of time to carry out. In the meantime, project management is described as planning, directing, and
Project management is about planning and execution - "starting in view of the end." A great arrangement contains objectives utilizing measurements, with ideal asset use and reasonable calendar gauges. When a manager and his crew plan the results of that process typically do not only concentrate on the problems that cause productivity and quality issues. Nearly all plans emphasis only on project completion rather than verification of the issue and
Project management is a series of steps taken in sequence to manage a project through all phases from conception to completion. The steps are documented in a strategic plan. The plan is used to ensure that all parties are working towards a common goal. Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizing, staffing, directing, and controlling. Basic activities of project management include: identifying project requirements to define the outcomes; addressing various needs, concerns and expectations of others; setting up, maintaining and carrying out communications; managing others; creating project deliverables; and balancing competing project constraints.