The Business School Assessment 1 (2011-2012) Module Code: 44278 Module Title: Project Management Level: 6 Element: 1 Weighting: 40% Module Leader: Kevin Ord Part A This section discusses the reasons why a large number of projects fail to convene their performance intentions in a variety of aspects…
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A project is acknowledged as unsuccessful if it fails to offer what was needed, in line with prospects. In other words, in order to be successful a project has to be completed within estimated budget, with required performance, and on time; as well as it has to offer the advantages valuable in the business scenario. However, the project requirements should be apparent and absolute. Unluckily, it is not that simple. In addition, the second element of definition of project success is that the project has to be completed along the lines of expectations (Pritchard, 2004; Lewis, 2006; Mind Tools Ltd., 2011). In addition, in many cases a project had to cross its initial or expected budget, but the project still was considered as successful. On the other hand, if a project complied with all the instructions which were in the wide-ranging project designs, but it was still considered as failure in view of the fact that it did not comprise the fundamental elements those were required by primary stakeholders. Though, it does not look reasonable, but project success and failure is not directly about the facts, nor is it simply about what was delivered. But, it is regarding how the project has to be completed (Pritchard, 2004; Lewis, 2006; Mind Tools Ltd., 2011). ...
In this scenario, majority of projects fail due to the changes in time, budget and various other restrictions that can take place in a project. Additionally, there are a number of unique attributes connected with the project that direct to unnecessary as well as inherent problems, those increases risk profile of a number of projects which makes others less dangerous. In this scenario, the risk profile of each project is at extremely high level and this is for the reason that the reality that a lot of projects do not convene their performance aims and objectives. In addition, it should be kept in mind that project management literature is paying more and more attention on significance of different methodologies that could help project managers achieve desired competence and success (Kerzner, 2003; Hughes & Cotterell, 2002; Schwalbe, 2005; DevTechnologies, 2010). Furthermore, the literature also outlines that almost all the projects that are carried out by businesses and institutes are executed in parallel with each other. As a result, there is a high level stress on project managers and project team associates inside corporations to tackle with the demands of these parallel executing projects. On the other hand, the human resources inside a corporation are partial as well as the intellectual capital that is united with the project demands and deliverables is even additional limited. Thus, when the number of projects executing in parallel grows then a net shortage of the trained team associates takes place, which takes toward the opposition of projects for the intellectual capital essential for attaining its deliverables as well as performance objectives (Kerzner, 2003; Hughes & Cotterell, 2002;
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The important aspects of project management includes initiating, planning, systematizing, organizing, guiding and monitoring of the associated resources (“What is Project Management?”). The primary rationale behind initiating project management is to meet the objectives of a particular project in a controlled way and also within the given deadline.
); (2) the importance of what you learned (so what?) ; and (3) what you will do with what you learned (now what?) Children’s Defense Fund “Cradle to Prison” What you learned (What?) The Children’s Defense Fund was reported to have been organized by Marian Wright Edelman in 1973 in response to the need for the “United States to raise its standards by improving policies and programs for children” (Children's Defense Fund, 2011, par.
Effective management of these elements is crucial for the success of an organization. As a result, a project manager is required to posses certain skills and experience to be able to perform all these functions effectively. Wateridge (1998) notes that effective project managers should possess the following qualities: they should be able to inspire shared vision, be good communicators, and be persons of high integrity.
A project is generally regarded as an effort or a way of managing along with organizing various resources. Project management represents the steps that are taken in order to complete a project successfully within a stipulated time period.
It would need to be handed over to the government by 1 January 2018. This report is a proposal for British Construction Works to participate in the construction tender and undertake the development of the above mentioned project, provided it passes all the feasibility tests.
The project is to design a training and development programme which will be conducted by a training and development institute that will cater to address and improve the inadequacies within the customer service departments. This report is a project plan that involves the description of all the aspects of this project and the intricacies associated with it.
Built in the late 80s, it has been a major tourist attraction in the area mainly because of its ancient look that reflects the cultural background of the people within the region. Time has passes and a lot has changed in terms of technology which has taken over
t scope, budgeting cost of the project, scheduling deadline, maintaining quality throughout the project deliverables (Kerzner, 2013; Cooke-Davies and Arzymanow, 2003). Organizations use ‘The Portfolio, Programme, and Project Management Maturity Model (P3M3)’ to assess