Understanding Project Management Related Approaches

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

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 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.

‘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.

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.

We have completed our risk assessment as requested by management. The following report will take you through our completed risk matrix, narratives about the risks and controls, and provide a summary of our findings. The areas covered

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

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

The aim is to complete the project with the traditional sequence, following the stages from the planning stage to the completion stage. Also, more emphasis will be given to human and physical resources, which should make it easier to exploit all constraints associated with the project and making it a priority.

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.

PRINCE2® (Projects in Controlled Environments), is a widely used project management methodology that navigates you through all the essentials for running a successful project. It provides project managers with a practical roadmap from conception to close.

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

• 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.

Several adaptations to the traditional approaches like agile, interactive, phased, extreme, etc have been made but each will be expected to meet the requirements of the project objectives, timeline, resources, and deliveries of the stakeholders. Other industry standard certifications like ISO9000 and regulations like the Sarbanes-Oxley have also influenced methodologies and processes used by several organisations (Kerzner, 2003). Generally, managing projects should involved five major process which include the project initiation, planning, execution, monitoring and controlling, and then project closing. See Fig. 2 below.