Project Management in Bangladesh - Term Paper

Accounting Software Installation Project started four months ago and is managed by Karin Chung. Karin thought she had everything planned before the project started. Each company division had trained and informed task force members and six the contractors involved in the project contributed to the work breakdown structure, cost, timeframes and specifications of the project.

Over the past few years, project managers and Project management has shown tremendous growth. Project management has evolved over the past several years from an activity in an organization to a discipline in its own right. Many professional bodies exist today to represent project management as a discipline, Some of which include, PMI, Prince2 Foundation, PM Bok.

Over the years people have been building structure, repairing structures, and modifying structures. Every time something has changed with the structure or building, documentation is always needed to record with the changes and benefits of the structures. But why is it important that we record these documents. Does it play a factor if the future for the building or for future contractors, or even how does one save these documents so that we will not misplace them or destroy them over the many years they will be sitting? With this being said documenting all the information on these structures is most definitely one of the most important parts to the structure itself in many ways.

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

ensuring the job is run in compliance with all relevant legislation, codes of practice and company policies and procedures etc.

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).

Responsible for all aspects of project design, coordination and team/consultant management. Also responsible for coordination with the contractor and facility managers to assess site existing conditions, identify problems and design solutions (Design

In his book, Project Management for Dummies (John Wiley & Sons, Inc., 2013) Stanley E. Portny helps others recognize the basics of successful project management. He provides the necessary information to plan and manage projects as well as providing important guidelines to develop and use the information. Project management includes dealing with a variety of people and tips are given to help identify and involve key players. This book navigates the critical tools needed to support project planning, scheduling, budgeting, organizing and controlling.

During the execution of a project, procedures for project control and record keeping become indispensable tools to managers and other participants in the construction process. These tools serve the dual purpose of recording the financial transactions that occur as well as giving managers an indication of the progress and problems associated with a project. Management accountant must synthesize a

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)

The element of management that specifically associated with the management of the projects is known as Project Management. Inevitably, the stance of project management can be extremely productive and effective for the organizations in particular (Bolles D & Hubbard, 2007). Most of the organizations are now looking forward to consider New

When any organization undertakes a large-scale project, the first and most important component to ensure that the process runs smoothly and effectively is effective project management. Project management not only sets the tone for the overall project, but creates the plan and facilitates effective implementation. From the first meeting to plan the project to the last report written about the experience, project management is integral to project success.

It is clear to see that throughout the project the tasks and progress were monitored very closely. The project is heavily dependent on the resources provided by its shareholders and in turn they rely on regular updates to reassure them on their investment. In the construction and building industry the methods and application of project management tools are very reliable and well tested. Therefore, it could benefit the project if the it was managed with detailed and defined practises and also follow standards set and agreed upon on a international level.