Thesis on Knowledge Management on Consulting Firms

This case study was originally prepared as part of Project Management Applications, the capstone course of the Master of Science in Project Management in the Department of Management Science at The George Washington University, by the graduating students listed

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

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

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Projects are used today as a way of achieving a variety of outcomes in local or international locations for new constructions, new product development, product improvement, process design, process improvement, utility installation, theory and technology development, and many more. Bringing a project to a successful conclusion requires the integration of numerous management functions like controlling, directing, team building, communication and others. It also requires cost and schedule management, technical and risk management, conflict and stakeholder 's management, and life cycle management.

Project Management Institute. (2000). _A Guide to the Project Management Body of Knowledge (4th ed.)._

This paper was prepared for Fundamentals of Project Management, Module 2 Check Your Understanding taught by Dr. Levern Eady.

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.

6) notes that uncertainty and change are usually involved in projects. The reason for using projects as a work approach is often the ability coping with uncertainty, related to novel factors within the processes or context of the company or the goals that need to be reached. Kuura et al. (2014, p. 518) note that projects are connected to innovation and have always been used to create or deal with change, even though not all projects and SMEs are entrepreneurial. Projects have been promoted as a powerful, widely usable vehicle for integrating diverse functions, enabling the efficient, timely and effective accomplishment of goals, by using flexible, independent and knowledgeable people in temporary teams (Lindgren & Packendorff, 2011, p. 52). Projects are used to cope with risks and it has been stated that if a company does not fail in any projects, it is not taking enough business risks (Cooke-Davies in Morris & Pinto, 2007, p. 227). Maylor (2010, p. 6) also adds that projects are usually also social constructs with parts that are integrated within the project to create a system of

The company is in the growth stage of its lifespan and company has several projects that clearly shows the defining, planning, executing, monitoring and closing stages of a project.

"Project Management Professionals, in the pursuit of their profession, affect the quality of life for all people in our society. Therefore, it is vital that Project

The foundation for every organization establishes a process for project management has an opportunity to add value to the organization and project.

Project management is an essential part of businesses and industries in order to advance ahead and add value to products. Project management enables companies to innovate, plan strategically, and for the economy to progress. The important parts of projects are often values such as team working, planning, innovation, time and budget management, and leadership. In the modern society, some projects can be pharmaceuticals (inventing new drugs), IT solutions (new technologies), energy and environment (other sources of energy such as solar), and military (new weapons and machines). The similarities are such that these projects are undertaken to improve the lives of

In today’s ever growing competitive market the products are getting user friendly, which means products are getting smarter and do the majority of work. Smarter products are complicated, and so is the process to develop them, Project Management is a crucial tool for streamlining complicated processes. As it applies today and in the future, to be successful in the careers mastering technical knowledge will be insufficient, if it is not backed by leadership and management skills. My primary motivation to pursue Project Management Education is to develop business skills, which will help me lead and implement my technical ideas and if required motivate and direct a team towards a common goal.

The Cap Gemini Ernst & Young Group is one of the world leaders in management consulting and IT services, dedicated to helping its client companies to develop and transform their organizations at every step of the value chain.