Critically review and reflect on the reasons why organizations are using Project Management to achieve their strategic objective - Essay Example

Comments (0) Cite this document
Summary
Critically review and reflect on the reasons why organizations are using Project Management to achieve their strategic objectives: Introduction: In our daily life, for any activity undertaken, a proper working procedure needs to be implemented for its accomplishment…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Critically review and reflect on the reasons why organizations are using Project Management to achieve their strategic objective
Read TextPreview

Extract of sample "Critically review and reflect on the reasons why organizations are using Project Management to achieve their strategic objective"

Download file to see previous pages Many organizations term project management as a pre-requisite to meeting the strategic objectives. And before approaching any strategic aspect, it is being ensured that project management rules and been followed and project management structure is in place. It is commonly seen that projects often fail due to improper implementation of project management scheme (Morris & Sember, 2008). While scenarios where project management was implemented to the full, have mostly insured success. Project management is a separate discipline in itself and has a list of activities and procedures to it, along with the tools and techniques that help in making the task easy. The importance of Project management in modern times has been more than ever before and for this reason, nearly all organizations have project management scheme in place. Project management in other words is defined as all those actions, strategies, tools and techniques that lead to achieving the strategic objectives (Tonnquist, 2009). Strategic objectives on other hand are defined as those factors that impact the organization and its entities in a direct manner. These can be met through clear definition of the elements that contribute towards their accomplishment. These elements are namely, clear and focused vision about objectives, presence of communication channels, work break down structure, assigning of roles to the suitable personnel, making sufficient use of the resources; prepare a plan for the emergency situations. Focus on objectives: One of the most important factors any organization needs to take into consideration is the clear vision in terms of the goals to be achieved. Deviations are expected any time during the project and organizational activities, with help of clearly defined objectives the chances of deviations can be reduced. Before emphasizing on the need for project management, it is vital to understand and define the elements that constitute strategic objectives. Strategic objectives can be in terms of the overall productivity, budget allocation, social factors, the proper relationship establishment with the stakeholders, maintaining the communication channels, individual personnel that are of high importance to the organization, hence all those factors that have an impact on final result. Customers Aspect: Customers hold the key to the success and failure of any organization. Their response can turn an organization either way. Customer satisfaction is a universal strategic objective that is the front line desire of almost every organization. Meeting the customer demands requires proper planning. The field of project management provides ample guidance towards customer satisfaction (Kerzner & Sponholtz,pg 23, 2007). The scope of project management is very vast and it makes up for an entire discipline, it has few basic elements namely: Planning Organizing Controlling Staffing Leading Every organization needs the above mentioned elements to be in place in order to meet their strategic objectives (Weihrich & Cannice, 2010). Co-relation between planning and Organizational Effectively: A co relation can be established between the organizational functions and project management in many aspects. Planning is one of them. Organizations need planning to be in place while project management provides guidelines for achieving this planning. A famous saying goes about planning that “Failing to plan is planning to fail” (Hess, et al., pg 454,2011), under the principles of project manage ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Critically review and reflect on the reasons why organizations are Essay”, n.d.)
Retrieved from https://studentshare.org/management/1397915-project-management
(Critically Review and Reflect on the Reasons Why Organizations Are Essay)
https://studentshare.org/management/1397915-project-management.
“Critically Review and Reflect on the Reasons Why Organizations Are Essay”, n.d. https://studentshare.org/management/1397915-project-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Critically review and reflect on the reasons why organizations are using Project Management to achieve their strategic objective

Business Organizations/Management book review

...alliances for competitive advantage This chapter, comes under the topic “Rethinking the Organization” which covers a range of topics including the importance of managing knowledge networks, using alliances appropriately to the advantage of the company, designing new organizational forms and customized workplace. This chapter talks of the alliances that may be used in a way that is advantageous to the firm, for instance, if the firm could trust its interpersonal relationships, the alliances would govern themselves and respect each party’s interests, serving as a method of gaining additional protection. Agreements would become easier to handle if there was certainty...
12 Pages(3000 words)Book Report/Review

Strategic Management: Competitors Of Organizations

...and the CEO The board of director has the full authority to hire and also fire any top level employee including a CEO if he/she is found to disregard the rules and regulations of a company (Wheelen and Hunger 1-250). 2) Supervision, monitoring and controlling of the top management The board of directors performs these broad functions for the primary objective of managing the operations of a company in an appropriate manner. Therefore, it establishes proper order and introduces new rules and regulations to manage a company (Wheelen and Hunger 1-250). 3) Approving and reviewing the use of various resources in the...
10 Pages(2500 words)Essay

Qualities Required To Achieve Life Objective

..., especially without positive proof; trust or confidence in a person or a person's abilities, integrity, etc. Self-confidence also stimulates and initiates the practical steps towards achieving the career objectives. Except these factors there may be many other things including the money required for a particular area of choice and its returns, should also be taken into account. These things may be specific to the choice and need an assessment before making any decision. Consultant to City Manager As a consultant to city manager to any US city there can be a number of things can be initiated. Since crimes, violence, scarcity of...
4 Pages(1000 words)Essay

Project Management Processes in Organizations

...Project Management Processes in Organizations Aligning Given Project with Business Goals The Business Goal The business goal as defined in the case is to have sales growth of over 35% next year; the basics of reaching this goal have been defined as market expansion, product expansion, and diversification. The means of reaching this growth would definitely imply the application of extensive marketing, and this marketing need to be based on accurate data. Project Management For attaining this business goal, or rather this high expansion in the sales growth, there are two pre-requisites: Having tremendously precise data and...
3 Pages(750 words)Essay

Strategic Management of Healthcare Organizations

...Strategic Management of Healthcare Organizations Cultural change is an issue which has sparked off debates all over the world. This is equally true for different multinational concerns as well as the healthcare facilities which are giving in their best when it comes to providing state of the art healthcare regimes and the like. Thus in the same stead, the cost of healthcare is an investment that reaps rich results for the government as it gives the best possible amenities to its own men and women – for whom the government is undertaking all the steps and the measures in the first place. The spending that a country does in this regard is directly proportional to the results that it expects...
3 Pages(750 words)Essay

Project Management: Project Review

...by recruiting the efficient and reasonable supporters, contractors and builders from various nations so that a massive tower would be able to be constructed. Through this adaptation of a proper procurement, the Taipei 101 tower was completed in the way it was intended for. (Ann Norton) shows that the skills, knowledge and the attributes of the people associated to the project are very critical towards its success. So it is essential to know that the team managers, project developers and especially the project manager hold a great importance among the successful achievement of the...
11 Pages(2750 words)Essay

Project Management Strategic Issues

..., Oxford. Englund, R &Bucero, A 2006, Project sponsorship: achieving management commitment for project success, John Wiley and Sons, New York. Greaver, M 1999, Strategic outsourcing: a structured approach to outsourcing decisions and initiatives, AMACOM Div American Mgmt Assn, USA. Harris, D, David Campbell, D, & Halson, R 2000, Remedies in Contract and Tort, 2ndedn, Cambridge University Press, Cambridge. Jos, Dumortier, Marc Taeymans, M 2001, a decade of research @ the crossroads of law and ICT, Larcier, Brussels. Kendrisk, T 2003, Identifying and managing project risk: essential tools for failure- proofing your...
10 Pages(2500 words)Essay

Strategic Project Management

...in the organization strategy are converted into quantitative measures of success. The organization then lays down appropriate measures and an associated target for each strategic objective. Strategic project management then has the basis to design and implement projects to meet these strategic objectives. (Tharp, 2007) In strategic project management, the project manager has equally compelling reasons to use strategy and goals when...
10 Pages(2500 words)Essay

Strategic Objective of Amazon.com

...revenues from $15.7 million in 1996 to $2.6 billion in 2000. Hence, the core competence that leads to this success was the operational efficiency that enabled the company to keep minimum physical inventory and offer 30-40% discounted prices on books. Its model of one click shopping was also possible because of the easy website interface, online customer service through email notifications, chat rooms for prospective buyers to discuss their picks before checking out and the product reviews that facilitate the customers. Innovation is the key strategic capability that enables Amazon to achieve competitive advantage over its rivals. The company was a first mover to change its business...
11 Pages(2750 words)Essay

Strategic Management project

.... The group decided to do an interview with the owner to identify the various objectives he has for the business. The interview was useful in the analysis of the business’s strategic plan and in acquiring the data needed for completion of project. The Maganees cafeteria lacks some official statements such as mission, vision, values, and objectives because it is a new entity in the market. Subsequently, the group developed appropriate statements by matching what the owners said about the business, which guided the project team in building the statements. In addition, food industry in Qatar is characterized by high levels of competition...
22 Pages(5500 words)Essay
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 Critically review and reflect on the reasons why organizations are using Project Management to achieve their strategic objective for FREE!

Contact Us