The Millenium Dome - Essay Example

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Project management involves scoping, planning, methodologies, budgets, schedules, risk management and many other factors. Project management is the science of organizing the projects components so that you attain the desired objective, irrespective of the project being the development of a new structure, launch of a new service or product, or a marketing campaign (Bruce & Langdon, 2008:68). …
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The Millenium Dome
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Download file to see previous pages A project is not something that is part of the normal operations of the business. Most of the times a projects are typically created only once, besides being temporary, and specific. A project just like the Millennium Dome consumes a lot resources and it has funding limits. In project management it requires the application of techniques, knowledge, and skills to efficiently and effectively execute the project. Therefore, project management is a competency strategy for most organizations; this enables them to tie the project results to the goals and objectives of the business (Kousholt, 2007:90). In addition, many projects have funding limits and a projected budget unto which it must operate from. This creates the need to have a project manager. Project management process During the project management process of Millennium Dome, it was done in five (5) phases. Project initiation; during this phase an idea of the project to be undertaken is carefully examined to establish if it is beneficial to the organization. A decision making team is formed to determine whether the project can be realistically be completed. Project definition and planning; a project plan is put in writing giving an outline of the work that is to be performed. It is at this stage that the list of deliverables to be presented and also the potential outcome of a set of specific activities (Meredith & Mantel, 2011:455-7). During project planning the requirements of completing the project are defined. The project manager of Millennium Dome identified how many people and also how much expense was to be involved in the project and any other requirements necessary for the completion of the project. According to Haughey (2013:55) reported that a project manager is to make sure that he manages the assumptions and risks that are related to the project. In addition, he also determined the constraints of the project. The constraints accrued in the Dome were related to budget, scope, schedule, and resources. It was found out that a small change in one constraint typically affected the other constraints. Project launch or execution; Resources and tasks are distributed and the teams were informed of their responsibilities. This was a good time as any other information related to the project was welcomed so as to make adjustments to the project. The project manager in this phase is to know how many resources and how much budget he had to work with for the project. The Dome cost ?789 million. He was able to assign those resources and allocated the budget to the various tasks of the project. Moreover, he is to ensure that the project team works in harmony. Project performance and control; the incorporation of project managers was tantamount for the Millennium Dome project as there was need to compare the status of the project to the actual plan, as the resources performed the scheduled work. The project managers were tasked with adjusting schedules in addition to doing what was necessary so as to keep the project on track (Meredith & Mantel, 2011:468). The project manager is in charge of updating the plans of the project to reflect on the actual time elapsed for each task. Project closure; this is when the project manager, owner of the project, and any other person having interest in the project, pulls together to analyze the final outcome of the project. Project closure is when the Millennium Dome was completed and the client approved the outcome which was the government of the United Kingdom. Project manager The project manager works with the sponsor of the business who wants to have the ...Download file to see next pagesRead More
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