Woodys 2000 Project Outline

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

The project will follow a series of phases during production. Each phase will reflect a goal in achieving a particular task and also the resources needed to

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.

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.)._

Feasibility studies are carried out on certain sites to test the usefulness of the initial project brief and to consider how issues on the site can be approached. Site information is specific information on a project in the form of surveys or reports. The procurement task requires preparing project roles tables and contractual trees and continuing the building of the project team. A project roles table sets out the roles needed on a project, as well as outlining the stages of which those roles are required and the people in charge of carrying out the roles. A contractual tree is a diagram which shows the contractual relationship between the parties involved in a project. The programme task is a review of the project programme and the planning task is again where pre-application discussions occur. The suggested key support task involves preparing handover strategies and risk assessments. Handover strategies is the strategy for handing over a building including the requirements for beginning handovers, comissioning and training of

It includes a risk analysis and a definition of a criteria for the successful completion of each deliverable and uses Business Plan and Milestones Reviews to keep track of the phase. During the third phase, execution, the project plan is executed to solve the problem specified in the project 's requirements. Risk Analysis and Score Cards, in addition to Business Plan and Milestones Reviews are used during the execution phase. Lastly is the closure phase, which marks the completion of the project usually with a written formal project review report.

Throughout this rationale, the key elements and processes of meeting planning requirements will be discussed with specific reference to a series of three progressive examples (see appendix). The

The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and

The Blue Spider Project is an example of a situation where the project manager show lack of understanding of the life-cycle for project management and the inability to leverage the

c After the acceptance of all stakeholders is achieved, actual growth begins and a project management methodology needs to be selected based on the major areas seeking improvement. A project tracking and monitoring system has to be in place for improved estimation of project life-cycle.

Managing a project is no easy task. A project is a series of tasks or jobs that are related to each other and directed toward a common goal or output. Projects usually require a significant time commitment, and tend to be handled by groups of workers. The employees at Craft Construction, a small business that deals with complete remodeling and some small commercial buildings, generally divide into groups of two or three workers per project. The number of employees assigned to a job usually depends on the size of the project. For each project, a project manager and a lead carpenter are assigned to handle most of the work. Project scheduling is different for every job. Smaller jobs require less planning because there is

In order to achieve their business objective, project management and the used methodology are key factor which will be responsible for the success or failure of this project.

They are not tool specific. In today's software-reliant world, the reality is that the methodology and the organization's project management software tool are often heavily intertwined. Complication and sophisticated client expectations of the latest projects reveal the flaws of traditional project management methods. In addition usually project managers are expected to make a sense of balance between client expectations and business interests and also to improve the end product, decrease cost and duration of the project (Project Management Institute 2005). The disadvantages of traditional project management method are listed below.