Unrealistic Schedules And The Toc With Project Management

In order for an organization to remain successful, it must be able to fulfill its day-to-day operations without mistakes. If these demands cannot be met, a new project must be created in order to stay in business and ahead of the competition. If an organization has a problem, they can benefit from fixing it by following a formal process for identifying, selecting, initiating, and planning projects (Valacich, 2009).

An old adage-plan the work and work the plan, in essence this is the key to successful project management. Project Managers (PM) must first plan out the project and then monitor and control the execution of the program work. There is a tendency for projects to short change the planning process. This is a common mistake. The time spent properly planning will result in reduced cost and duration, and increased quality over the life of the project. Using tried and true best practices for a PM will provide assurance that the program /project will be beneficial and successful.

According to A Guide to the Project Management Body of Knowledge (PMBOK® Guide), - Third Edition,

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

PM within organizations is gaining momentum and an indispensable component of the work flow procedure. Improving organization project management can effectively improve an organization use of resources. Nevertheless, if an an organization does not possess a clean target and does not follow project phases no one willing enters into the transformational journey. The issue is the bottom line in PM, whether it is to better the organization financially, ethically, or for standardization of procedures. Constitutions must be cognizant of the elements and competencies required to receive a successful PM outcome. In the closing, business should have an active strategy to revise and adapt to the shifting marketplace.

Successful organizations are always looking for ways to improve process and procedures, increase revenues and profits, while staying relevant in today’s business world. Strong leadership is the backbone of any organization and is the catalyst for driving a culture of innovation and change. Organizations looking to make small or large-scale changes typically do so through the implementation of work projects. Projects are collaborative efforts carefully planned and designed to achieve a specific goal. According to Young (2010), “projects take careful planning, and a successful project is one that is done on time and within budget” (p.344). Project management is the activity of planning, organizing, motivating, and controlling resources, while monitoring procedures and timelines, and usually has an assigned project manager (PM). Organizations such as Apple are known to have many projects in motion at any given time. This many projects happening simultaneously can be extremely complex, expensive, and taxing on resources, but somehow Apple has managed to implement project after project with huge success.

The project management cycle has several guidelines that should be followed, for success to be achieved, and minimal disruption experienced. Project management cycles allows for the taking care of constituent processes that contribute to a large successful project. The recent organization where I have worked which will be considered is the Chase Bank. Banks are rolling out new departments so that they reach out as many clients as possible. The banks are also trying to minimize the risks that they encounter, and remain competitive when benchmarked against other industry players. The use of project management has also been expected to be beneficial in the evaluation of diversified banking products. The benefits conferred by the new products can be evaluated and assessed for the profitability that they have contributed to the organization, and projection of future profitability conducted. Just like other international banks, Chase Bank has branches globally that offer similar products, with minimal tweaks depending on the region.

The role of the project management office (PMO) has increased nowadays, as many organizations are implementing it. According to PMI (PMI 2011), organizations with a PMO report more projects coming in on time, on budget and meeting intended goals to those without a PMO.

The project's performance and progression should be transmitted to the stakeholder's at all appropriate time intervals and these meetings are generally scheduled along with project milestones. Despite reporting at all of the various milestones that are identified in the project's scope, the stakeholders should also be notified of any significant deviations from the original project plan. One example of such a significant deviation could be any instances of scope creep or any significant activities that are over-budget and will require additional financial resources. The project team should have regular formal meetings at more frequent intervals so that they can exchange information and keep the team members abreast of any significant developments.

As according to the AtekPC Project Management Office case, the purpose1 of a PMO is to fulfill the need for greater discipline in managing IT projects. Moreover, it establishes or enhances project management skills, process, and governance structures within an organization (Applegate Pg. 462). The director of Application Development, Richard Steinberg, described AtekPC’s PMO’s purpose as a “methodology” for managing projects with standardized practices. As stated within the case, the main purpose of the PMO is to provide standardization in managing projects of large, complex scales as well as gain improvements in planning and performance of initiatives (Applegate Pg. 465). The case generalizes

This document is an annotated outline for a Project Management Plan, adapted from the PMI Project Management Body of Knowledge (PMBOK) and IEEE Standard for Project Management Plans. The Project Management Plan is considered to be a “Best Practice” template by the ETS Enterprise Program Management Office (EPMO).

Question 1. The twelve guidelines are presented in no particular order. Order them by level of importance and explain your reasoning. Answer The twelve guidelines should be order as below, the reason also is stated at the behind of each title. 1) Understand the context of project management. Much of the difficulty in becoming an effective project manager lies in understanding the particular challenges project management. 2) Understand who the stakeholders are and what they want.

Project Execution and Control Phase has a direct correlation to project progress and stakeholder 's expectations. If the minor issues are not noticed, they impact cost, schedule and risk and see the project from the Project Plan, thus

DEVELOP A PLAN TO SATISFY THE MILESTONES IN THE GREENSHEET SCHEDULE DETERMINE NECESSARY ACTIVITIES AND DURATIONS INCLUDE INTERACTIONS WITH COMMITTEE MEMBERS PRESENT THIS SCHEDULE IN A WAY

This report was compiled by a team of professional project managers and gives an objective insight to the project in full.