The paper tells that inside a corporation, the success of overall project is contextual. In addition, all the attributes of an organization such as its culture, its strategy, its structure each play a significant and central part and they collectively form an environment in which a project flourishes or fail. …
Download full paperFile format: .doc, available for editing
Download file to see previous pages
The researcher states that before initializing a project, project manager and team must be sure about the structure of the host firm because it influences their project and the operations they seek to perform. In addition, the culture of an organization is composed of certain attributes such as values, attitudes, viewpoints and behaviors of its staff members. In addition, it demonstrates the established principles and values of the organization, infusing all the activities which a corporation performs. In simple words, it can make a project a success or a failure. However, the perfect organizational culture is that in which projects are well thought-out in strategic management and are executed to promote and support a firm’s corporate strategy and corporate goals. As a result, top management pays more attention to them and assigns more and more organization’s resources to allow them to be successful. Here strategic management is the discipline of building, implementing, and assessing cross-functional decisions that facilitate a corporation to attain its goals. Moreover, each corporation has its own model organizational culture, operating systems and inside and outside resources to attain this. In addition, at the present it is necessary for the project managers to be familiar with the cultural, organizational and social environments adjacent the project. It could be done by recognizing the stakeholders and their capability to have an effect on the project. Thus, it could lead towards the likelihood of influencing project surroundings in an optimistic manner. Therefore, the any kind of risks could be considerably diminished; however failure to adopt such a way could unavoidably lead to a less than acceptable ending. In addition, the successful project managers would be familiar with the importance to put some effort in changing or improving the organizational culture for the benefit of the project stakeholders. In this scenario, it is the responsibility of every team member of a project, undeniably every employee of the organization, needs to be influenced to express the attitude that, just as they are stakeholders, as well as every other project stakeholder is also vital (Wideman, 2001). Moreover, the organization's culture plays a significant role in success rate of projects. Take into account that this is about projects all throughout a corporation, not just about one specific project. In addition, the culture of a host organization plays possibly the major role in whether their organization is flourishing in running projects. On the other hand, if a supplier firm faces challenges running projects productively with the host firm, they cannot blame the project managers. In fact, they are struggling surrounded by a culture that is not in support of their struggle. Thus, it is essential for the project manager as well as the top management of the supplier firm to identify and assess the culture of the host organization. Until they are
...Download file to see next pagesRead More
Cite this document
(“Business Project Management Essay Example | Topics and Well Written Essays - 3500 words”, n.d.)
Retrieved from https://studentshare.org/management/1394703-business-project-management
(Business Project Management Essay Example | Topics and Well Written Essays - 3500 Words)
“Business Project Management Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/management/1394703-business-project-management.
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 event occurring and ‘C’ is the costs to project associated with the event or the consequences of the event.
The question should be feasible (F) in terms of covering manageable scope such that it is possible to get relevant answers. It should be interesting (I) to the researcher and peers in the field of study by developing a response to debate issues in the field of study or practice.
Technical initially, they turn strategic when time frame, involved labour, costs and also their association with the fulfilment of organizational objectives increase substantially. Though success dimensions of project are subjective and open to interpretation, yet the bottom line remains stuck to the fundamental tenets of cost, time and quality.
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.
The author states that the concept of project management is mainly connected with the three most important things. They are time, cost and quality. The achievement of one factor must come at the cost of another factor. The same project can be completed at a moderately good quality in considerably early period but at a much a lower cost.
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.
unt of money available in the budget of a project and whether the project can be completed within the predefined period stated for the project completion (Marshall, 2007).
Variances for a project can be positive or negative. There are two variances used in earned value method.
The elements may vary but the most common elements revolve around the following: strategic planning, product development, communication, resources and people. Strategic planning enhances the understanding of the project goals and objectives (UNDERDAHL, 2005, pp.
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 out by a group of people thus making it a group activity.
Concrete solution at this point is mandatory. One solution is to build a sealed borderline, therefore, any movement across the border can be monitored properly.
Department of Homeland Security (DHS), the Government of the United States, the
12 Pages(3000 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Business Project Management"
with a personal 20% discount.