Nobody downloaded yet

Business Project Management - Essay Example

Comments (0) Cite this document
Running Head: report Effective project management has to be understood as a process that integrates knowledge of leadership, strategy, culture, and business functions with the skills to understand and manage social, technological, and information systems. [Name of the Writer] [Name of the Institution] [Name of the Professor] [Course] Introduction Projects are the fundamental units of processes…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Business Project Management
Read TextPreview

Extract of sample "Business Project Management"

Download file to see previous pages However, with increased competition, widespread use of project management theories and processes in day to day functioning of businesses and blurring departmental and functional boundaries, projects are now considered no less than strategic processes underpinning theories and concepts of leadership, strategy, culture, communication, integration and appropriate know-how of relevant systems. This report aims at delving deep into this transformed outlook towards project management approach and how these management functions are shaping the traditional structure of project management into an amalgamation of project, change and process management. With the inclusion of relationship management, risk management, people satisfaction and motivation, empowerment and creativity; project management in itself is turning into a specialised body of knowledge comprising of the vital elements of management, strategy, human resources and operations. To demonstrate this tectonic shift, examples of various projects ranging from big construction to IT ones have been taken so that theories and concepts can be understood in real life terms. ...
Projects are time-bound, focus on a single time process and are usually complex in nature because of mingling of several distinct and unrelated functions. Limitation of time, cost and resources add to the characteristics of projects. On the contrary, processes are repeatable and do not suffer from limitations which are present in project management. Homogeneity is also more dominant in process management than do in project management. Traditional approach to project management Traditionally, projects used to be differentiated from that of processes because of superficial differences identified between the two. Their scope, extent of penetration in organization’s philosophy and strategy, resource allocation, level of inter-dependence of different functions and activities within the management of two and results achieved thereof lead to the misconception that projects cannot assume the status of processes and vice-versa. Typical project management cycle includes stereotypic phases defined as requirements analysis, resource management, project methodology, risk management and project closure. These phases are technical in nature with clear specifications of roles, duty, inputs and respective outputs. They do not recognize the evolving nature of business place and components of business management like planning, controlling, decision making and more contemporary functions of management namely leadership, strategy, cultural ramifications, knowledge of systems and overall congruence with the components of process management. This makes the traditional approach to project management short of fulfilling the current needs of business and unique propositions. Evolved components of project management Prosci (2011) specifically highlights the tripartite nature of project ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business Project Management Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from
(Business Project Management Essay Example | Topics and Well Written Essays - 3000 Words)
“Business Project Management Essay Example | Topics and Well Written Essays - 3000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Project Management

Business Project Management

...?Business Project management By Affiliation Part Answer Inside a corporation, the success of overall project is contextual. In other words,organization itself plays a significant role in making a project a success. In addition, all the attributes of an organization such as its culture, its strategy, its structure each plays a significant and central part and they collectively form an environment in which a project flourishes or fail. However, issues that can have an effect on a project vary from organization to organization. It depends on the nature of a host organization for which a project is initialized. Additionally, a project’s relationship to contractor firm’s overall strategy such as the care with which they build the team... and the...
14 Pages(3500 words)Essay

Business Project management. Risk in a project

...?Business Project management Answer Risk in a project is a function of the following: The possibility of an event occurring, with which a particular project risk is associated The costs of the event or consequences and their seriousness over the project life cycle The above two factors are variables and the relationship of these variables with the project risk is denoted as per the following equation given by Pinto (2007). R=P*C Where, ‘R’ is the Risk associated with an event associated with a project and is a measure of the impact it has on the project. ’ P’ is the probability of the...
12 Pages(3000 words)Essay

Business - Project Management

...obtained from each step of the research process and how they were interpreted and added to the overall analysis. The discussion and analysis of the impact of the results is performed in Section 5. It will review the findings from the research and how these findings impact future business decisions. The summary of the dissertation and potential for future research is performed in Section 6. 2 Literature Review: There has been considerable academic writing in the areas of Continuous Improvement processes for both Manufacturing Operations and Project Management in response to the ever increasing pressure exerted as a result of globalization. The focus of research has been in the form of...
8 Pages(2000 words)Dissertation

Business Project Management

...? Business Project Management Table of Content Introduction 3 Discussion 4 Answer 4 Resources 4 Time 4 Money 5 Answer 2 5 Answer a 5 Answer b 6 Answer c 9 Conclusion 11 References 12 Introduction Project management is one of the most important business activities. It is a discipline that employs skills, knowledge and experience of employees involved in a project to achieve goal of project. Main objective of project management is to control cost, meet estimated and proposed deadline and reduce risk associated with the project and maintain quality of work....
8 Pages(2000 words)Essay

Business Project Management

...Business Project Management Introduction A project is a group activity which tends to be only for a temporary period. It is undertaken to produce any product, service and result that is unique in its own way (Box & Draper, 1986). Project management is all about carrying out the projects with the necessary skills, knowledge and technique in an effective and efficient way (Hodgson and Cicmil, 2006). The concept of project management is mainly connected with the three most important things. They are time, cost and quality. These three factors cannot be achieved at the same time. The achievement of one factor must come at the cost of another factor. That is if the project needs to be completed with the highest quality available... and at the...
11 Pages(2750 words)Essay

Business Project Management 2

...? Business Project Management Introduction Project is defined as a temporary venture that is undertaken to create exclusive services and products. Here temporary signifies a venture that has a definite starting point and a definite ending point. On the other hand unique signifies that the product and services produced in this process has some distinctive features as compared to others. Projects are initiated by the organization in response to some requests that could not be executed in the normal operational limits of the organization (Woodward, 1997). Project management deals with application of talent, knowledge, procedure and equipments to the project activity to achieve the project goals. The team of project managers handles... is the...
8 Pages(2000 words)Essay

Project management for business

...Project management for business Contents Contents 2 Part Earned value 3 Executive summary 4 Part 2 5 Introduction 5 Background 5 Discussion 6 Conclusion and recommendation 8 References 9 Part 1: Earned value The earned value method is used to analyse the budget of a project. The indicators in the EV analysis like Schedule Variance (SV), Cost Variance (CV), Schedule Performance Indicators (SPI) and Cost Performance Indicators (CPI) are used to determine whether there is sufficient amount of money available in the budget of a project and whether the project can be completed within the predefined period stated for the...
6 Pages(1500 words)Essay

Business project management

...Project management al Project definition A project is a temporary and unique group activity that is meant to achievea given result or objectives. They are carried out within a specific period and a specified geographical area. Projects are unique in that they are carried out for the purpose of catering the unique needs of the target population. Five main characteristics that differentiate a project from other functions These includes the uniqueness, time bound, group activity, locality and measurable. They are unique as projects are carried out to cater for unique needs of the people. Projects are carried...
1 Pages(250 words)Essay

Business Project Management

.... The performance of the ‘secured’ border will be added to the work. Additional work is expected to be accomplished with due diligence by the company that wins the contract. Q. 2 Stakeholder communications matrix - Project managers Identifying Stakeholders There are four major stakeholders in the contract for securing the US-Mexican border. The primary stakeholder is the US government, then the Boeing company, the subcontractors and finally the Mexican government. The major stakeholder is the US government that needs the protection of its border. They do not have the expertise to secure it themselves. That is why they need a company that can manage this project such as...
12 Pages(3000 words)Essay


...a prior completion period of 2005 had been rescinded and pushed back to that time in 2004. The building was to play host to a total of 129 members of the Scottish parliament and more than 1000 workers as well as civil servants. Its building and construction had been controversial right from the start. The points of controversy lay with the location choice, the design, the architect and the entire construction; everything was fully criticised. An enquiry into why the project took that long was construed and determined that the project was all flawed right from the start to the end in terms of management, finance, competence of the project management and...
14 Pages(3500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business Project Management for FREE!

Contact Us