Principles of project management - Assignment Example

Comments (0) Cite this document
Summary
Principles of Project Management 1. There are a number of central principles to project management. Lock (2007, p.1) indicates that project management functions to, “plan, coordinate and control the complex and diverse activities of modern industrial, commercial and management change and IT projects.” Within this context of understanding there are a number of further principles…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
Principles of project management
Read TextPreview

Extract of sample "Principles of project management"

Download file to see previous pages Still, the core project management principles apply. In these regards, the project tasks have been identified, namely, the development of a newly efficient and effective television. The project cost will be estimated; costs will involve development as well as end target margins on sales to consumers. Further consideration will be given to managing risk as a means of adhering to these financial targets. The project will then be organized around specific matrixes with a specific team. Within this team a specific breakdown and division of labor will occur, with a further specified timescale for the work to be accomplished. The plan will then be implemented. Throughout the process specific consideration will be given to project iterations and specific management of the predominant principles that have been outlined. Within the context of Apple, Inc. it’s recognized that increasing emphasis will be placed on technological innovation, user-interface, and cutting-edge design. Still, much of the project cycle will need to be considered in a dynamic context of development and design. 2. The need for project management is an essential aspect of product development and innovation. In the context of Apple, Inc. ...
There are a number of factors of success and failure that are considered in relation to project management. Locke (2007) differentiates between many forms of project success. The primary theoretical understanding in these regards is that project management is a multi-dimensional process such that managerial success in terms of project management is distinguished from project success from the perspective of the end user. In these regards, Locke (2007) establishes success and failure factors in relation to the initial project definition. Success is determined in relation to the extent that the project takes on a clear and defined articulation. The next period is the execution period. Project success and failure during the execution period is contingent upon how well the project adheres to the primary elements of cost, execution, and time. Still, project success or failure is further distinguished in terms of overriding benefit for existing stakeholders. In terms of Apple, Inc. the primary stakeholders are the organization’s stockholders. As such the project’s ability to ultimately positively contribute to revenue and net profit streams will be the primary determinant of success. Ultimately, it seems this project is realistic. 3. There are four primary phases of project management: initiation, planning, execution, and closure (Lock 2007). Fig. 1 below demonstrates the project management phases. Fig. 1 Project Management Phase Peter (2003) notes that the initiation phase determines the scope and the nature of the project. For Apple, Inc. the scope of the project is the development of a television that is readily integrated with the personal computer, such that the individual will have ease ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Principles of project management Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/management/1441432-understand-the-principles-of-project-management
(Principles of Project Management Assignment Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/management/1441432-understand-the-principles-of-project-management.
“Principles of Project Management Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1441432-understand-the-principles-of-project-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Principles of project management

Project Management Principles

...? Project Management Total words:5,665 (excluding diagrams, tables, references) Malik Mohammad Umair Khan Table of Contents Page 0 Project management principles 2 1.1 Analysis of project phases 3 1.1.1 Identification of needs 3 1.1.2 The formation of objectives and problem definition 3 1.1.3 Detailed planning and scheduling 4 1.1.4 Project activity management 5 1.1.5 Closure and feedback 6 1.2 Methods used to appraise the project 7 1.3 End of project procedures 8 2.0 Project organisation and people 9 2.1 Organisation Structure 10 2.2 Establishing the...
22 Pages(5500 words)Essay

Project Management Principles

...?Project Management Principles In my opinion, project management deals with the potential organizational issues in the workplace that will require solutions. Once a problem has been identified, a plan of action needs to be put into place in order to fix it. There are many different stages that project management must go through. I feel that the first part of project management is the planning stage. This must be executed properly because it sets up the rest of the project. This is perhaps the most critical stage of the whole process because only once the problem has been...
4 Pages(1000 words)Essay

Project Management: Principles and Strategies

...? Project Management: Principles and Strategies Project Management: Principles and Strategies Introduction Project management refers to a discipline that involves a multitude of processes including organizing, securing, controlling resources and leading. Project managers conduct all these processes with a view to attain specified goals or objectives. A project is essentially a temporary undertaking with a distinct beginning and conclusion often constrained in terms of time and other deliverables. Projects aim at the fulfillment of unique...
4 Pages(1000 words)Essay

Significant principles of project management

...?SIGNIFICANT PRINCIPLES OF PROJECT MANAGEMENT Significant Principles of Project Management Affiliation Project life-cycle management and the benefits of project management to an organization A project is initiated or launched by the top management or sponsor that can appropriately provide the funds for the project to achieve some specific objectives for instance development of a software application to improve the performance of an organization or building a software application to meet users’ requirements or development...
9 Pages(2250 words)Research Paper

Principles of Project Management

...roles in change processes – A case study from a public sector organisation. International Journal of Project Management, 28(4), 384-394. Van Knippenberg, D. and Hogg, M. A., 2003. A social identity model of leadership effectiveness in organizations'. In: B. Staw and R. M. Kramer (eds), Research in Organizational Behavior, 25, pp. 245–297. Greenwich, CN: JAI Press. Ward, S., 2005. Risk management organisation and context. London: Witherby & Co. Winch, G. M., 2010. Managing construction projects: An information processing approach. Chichester: Wiley-Blackwell. Winch, G., Meunier, M. C., Head, J. and Russ, K., 2012. Projects as the content...
10 Pages(2500 words)Essay

Principles of Project Management Prince 2

...Lecturer: Introduction PRINCE2, which is an acronym of PRojects IN Controlled Environments version 2009 is a tactical procedure applied in project management to enhance effectiveness. It allows structured project implementation in a consistent and controlled manner, through a series of well-defined steps (Godes & Mayzlin, 2010). This report highlights the benefits of using PRINCE2 in the LU case study and the manner in which the methodology can be applied to enhance accomplishment of project objectives. The risk management strategy has been discussed as well as how the method can be applied to enhance strategic and tactical...
8 Pages(2000 words)Essay

HCM387-0802A-01 Management Principles in Health Care - Phase 1 Individual Project

...communication. Second, the management can conduct a group discussion to be able to hear both sides of the story and to resolve the conflict. Only the confronting strategy (as tabulated above) can be truly viewed as a resolution approach, since this method addresses the basic differences involved and eventually removes them through creative problem solving. The confronting approach has many behavioural benefits. Both parties will more likely see the recent conflict as productive, since both parties received gains. Also important is their perception that the process was mutually supportive one in which problem solving and collaboration helped integrate the positions of both parties. As a result, participants find the...
2 Pages(500 words)Essay

Principles of Project Management

.... (2003) Strategy and Human Resource Management. Industrial and Labour Relations Review, 57 (1). Department of Business Innovation and Skills. (2010) Guidelines for Managing Projects [Internet]. United Kingdom, BIS. Available from: managing-projects.pdf> [Accessed 7 July 2012]. Meredith, J. and Mantel, S. (2011) Project Management: A Managerial Approach. 8th ed. John Wiley & Sons, Inc., United States of America. Project Organization Types. (2009) [Internet], Construction Management Guide. Available from < http://www.cmguide.org/archives/319> [Accessed 7 July 2012]. Williams, M. (2008) Principles of Project Management. Work Smarter. [Internet], March 26. Available from [Accessed 7 July 2012].... Project Organisation Any project...
4 Pages(1000 words)Essay

Usability of a Principles of Marketing Course in the Field of Information Technology Project Management

...Usability of Principles of Marketing in the Field of Information Technology Project Management Lecturer Principles of Marketing Course entail essential skills and fundamental principles that are composed in the process of marketing research. The purpose of marketing research in project management is to improve business and marketing decision making on the progress of the project. This paper seeks to explain the usability of Principles of Marketing Course in the Field of Information Technology Project Management. The field of information technology...
1 Pages(250 words)Research Paper

UNIT 6 HA499 ASSIGNMENT: Principles of Project Management and Evaluation -

...to improve communication among department Communication among departments is essential as it allows crucial information to flow from one interlinked department to another. Effective communication needs discipline and respect amongst all employees. Respect for the employees and line managers ensure that conflict does not arise when orders and personality clashes do not arise (Gwen, 2009). The other way to improve communication is to ensure all employees have rest time and off days. This reduces work related pressure and helps one to re-energize. The other way is to hold team building activities like sports, camping, adventures and experience sharing seminars away from the work place. All departments should be involved in...
6 Pages(1500 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 Assignment on topic Principles of project management for FREE!

Contact Us