Nobody downloaded yet

Project Management - Essay Example

Comments (0) Cite this document
Summary
Project Management Project management, as the name implies is the management of any project. Management of a project includes several tasks that are ranged right from the conception of the project’s idea till its culmination and delivery. Tasks included in the management of a project include but are not limited to assessment of risks before in the initial stage, identification of ways to mitigate those risks and preferably their conversion into opportunities, estimation of monetary, human and all other kinds of resources and their arrangement, acquiring various kinds of insurances for the project, planning the project, allocation of resources to the project, management of resources accordin…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Project Management
Read TextPreview

Extract of sample "Project Management"

Download file to see previous pages In the contemporary age, there is a lot of competition in the market. In order to gain competitive advantage, companies are trying to make their systems perfect. There is no room for deficiency because the clients have a variety of vendors to choose the services from. In such circumstances, proper management of the project ensures that the project is completed on time, within budget and with least inconvenience to any of the parties involved in the project. Project management adopts a pro-active approach to assess and manage the potential risks of the project which is beneficial for all parties in the long run. Successful project management promotes business. Lifecycle of a project can be divided into four phases, namely project initiation, project planning, project execution and project closure. Project lifecycle management is basically the management of these four phases of the project. Each of these phases has its own crucial aspects that need to be managed. For example, in the project initiation phase, risk assessment and mitigation is primarily important. In project planning, selection of the plan that is the most cost-effective among all is mainly important. In the project execution phase, supervision of the work is the most important whereas in the project closure stage, clarifying the snag list prepared by the consultant or client and acquiring the payment is primarily the work of the project manager. Project management is extremely important for an organization because it enables the organizational personnel to do the work in an organized manner. When the majority of risks have been timely identified and catered for, work flows smoothly and so does the cash flow. This allows the finance department to generate the salaries on time and everybody is happy. The peace of mind thus achieved enables the organizational personnel to optimize upon their capabilities and they are able to give in their best for the organization. Hence, project management is vital for the success of an organization. Planning is one of the most fundamental concepts of the project management. Planning means determining how the work will be executed. There can be numerous ways to attain the final product. The goal of the project manager is to select such a plan from among a variety of options, that consumes the least resources, is the least time-consuming and yet leads him to the product without compromising upon its quality. In order for a project manager to identify such a plan for a particular project, it is imperative that he carries out a comprehensive research to brainstorm himself with the possible alternatives that can be adopted to get the project executed. While doing the research, the project manager should see how a project of a specific nature has been executed in the past, what potential benefits and drawbacks were identified by the project executers of using such a plan after it had been executed, and what ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Project Management Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved de https://studentshare.org/management/1391725-project-management
(Project Management Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/management/1391725-project-management.
“Project Management Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/management/1391725-project-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Project Management

Project Management

...? Contents Introduction 3 Phases of a Project 5 Conceiving a Project 5 Planning Phase 5 Implementation Phase 6 Assessment and Delivery Phase 7 Risk Management in Projects 7 Types of Change 8 Nature of Managing an IT Project 10 Recommendations 10 Reasons for Failure of NHS IT Project 11 Conclusion 11 References 12 Project Management Introduction Managing projects is a tedious and painful business, because majority of them are supposed, to be completed within specified period, to achieve certain goals and objectives. All of the projects...
10 Pages(2500 words)Essay

Project management

...?Project Management: The Energy Generation Project This paper examines a project scenario from the viewpoints of organisational structure, procurement strategy and scheduling. It outlines an appropriate organisational structure and considers potential issues relating to people management within the project. It then discusses possible approaches to procurement, identifying and justifying a procurement strategy for the different phases of the project lifecycle, including consultant appointment processes and contract types. Finally, a detailed schedule for the duration of the project will be provided that is fit for the purpose of managing the pilot project. Organisational Structure Project Team Structure The project is to be managed... by a...
18 Pages(4500 words)Assignment

Project management

...? Project Management - A Project to Improve Multi-Agency Response to Road Traffic Collision through Joint Training and Exercises - Student Number Course Name and Number Name of Professor Date of Submission Number of Words: 1,250 Introduction Traffic collision or vehicular accidents increases the number of controllable deaths. On top of the increasing number of unnecessary deaths caused by traffic collision, inattention or disturbances that could affect the driver’s concentration while driving often leads to physical or mental injuries to themselves or other people around them (Johns, 2007). Several studies revealed that majority of traffic collision is caused by human factors related to...
5 Pages(1250 words)Coursework

Project management

...? REPORT Project Management Total word count: 2800 Keywords: Project Management Table of Contents Task Jonijanti Ltd 3 Task 2 - Tibob and Tibob Ltd 7 Project Background 7 Phase 1 – Project Conceptual Planning 8 Phase 2 – Project Planning (Project Development Phase) 8 Phase 3 – Implementation and Control 10 Phase 4- Evaluation of the Project 11 Project Manager Skills and competences 11 Conclusion 11 References and used Bibliography 13 Appendix 1 AON Network Diagram 15 Appendix 2 GANTT Chart 16 Task 1 - Jonijanti Ltd Total word count: 600 without the...
10 Pages(2500 words)Essay

Project management

...? One of the most important tasks a project manager has to comply with is to have good communication among the team players. “The ability to communicate effectively is necessary to carry out the thoughts and visions of an organization to the people” (Marketingdeviant, 2009). The project manager is the person responsible to deliver the project on a timely manner complying with all the deliverables of the project. Janis was selected as the project manager to build a new plant in Alabama. The company empowered Janis and they put Clark, Downs, and Pokorski at her disposal. Janis is in a position of power and she has to create an effective communication plan to ensure the success of the project. The first step in the communication plan... by...
3 Pages(750 words)Essay

Project Management

...?Project Management Section 2: Baselining Cost Variance for Kindergarten Planning Project The required tasks to complete the deliverable for the work package, kindergarten planning, are being planned and expected to be completed by April 27 July 2014 and use 584days of work. The following tables indicate the progress of the required tasks. Table 1: Cost Variance Kindergarten Planning Name of Task Cost (Total) Baseline Variance Actual Remaining Kindergarten Planning $20,148.00 $18,964.00 $1,184.00 $13,658.00 $6,490.00 User requirements $6,132.00 $6,540.00 ($408.00) $6,132.00 $0.00 Preparatory meeting $3,072.00 $2,560.00 $512.00 $3,072.00 $0.00 Staff training $5,084.00 $4,004.00 $1,080.00...
4 Pages(1000 words)Essay

Project management

...? Week and Week 2 Assignment Introduction Irrespective of the significant time project management has been around, confusion is still persistent concerning the exact definition of a project. Any form of outcome that necessitates the need to incorporate multiple action items, in a sequential order, can be referred to as a project. It is usually, a temporary undertaking with specific goals in mind. It, thus, does not fall under the confines of normal business operations. As such, it is bounded by time, resources and the required results from the project. It, however, needs to be planned from the beginning to the end. A project is subjected to some certain constraints. These constraints range from time, personnel, money, equipment... the...
5 Pages(1250 words)Essay

Project Management

...of project success (Josler & Burger, 2005). Basically, the term project is used to describe a set of activities that are linked and they are directed towards the attainment of a certain goal (Hellriegel 2001). A project can also be described as a onetime activity with a definite start and finish. As such, through utilization of project management methodology, a project can be completed within the expected time frame, on budget as well meeting the expected standards that satisfy all the stakeholders who may be involved. In this case, the baseline of the project is to carry out a feasibility study to establish if the...
8 Pages(2000 words)Essay

Project management

...of new software to address green computing for internal use and potential sale to other organizations – IBM has developed a number of software to facilitate greener computing. This has not only reduced to amount of energy required but also reduce the need for hardware and the use of resources that would increase climate change. Task 2 Weighted Decision Matrix for Green Computing Project A weighted Decision Matrix is used to determine which of the four candidates for the position of Project Manager for the Green Computing Project would best fulfill the role. In addition to technical skill which is the least important of the five criteria chosen, communication skills;...
10 Pages(2500 words)Research Paper

Complex Project Management of Effective Project Management

...Part III Complex Project Management Part III Complex Project Management In a complex project, at least some of the goals and solutions may not be clearly identifiable and known at the project’s outset. As a result, project management models may not work and thus, adjustments should be made. In projects whose objectives are clearly defined but lack solutions in later parts, referred to as APM projects, the main issue is that even in situations where the solution is discovered, it may not deliver acceptable business value. This leads to the first step of dealing with...
6 Pages(1500 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 Project Management for FREE!

Contact Us