Principles of project management - Assignment Example

Comments (0) Cite this document
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 PAPER93.7% 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
(“Principles of project management Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from
(Principles of Project Management Assignment Example | Topics and Well Written Essays - 1000 Words)
“Principles of Project Management Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Project Management Principles
Businesses grow and become profitable by carrying out projects. A project is a temporary endeavour, the aim of which is to create a new product, service, or result (Schwalbe 2008, p. 39). It is a sequence of unique activities that are complex and connected to each other, with one aim, which must be accomplished within a specific time period, within budget and according to specification (Wysocki 2009, p. 2).
22 Pages(5500 words)Essay
Project Management: Nokia Life Tools
From this research it is clear that the project management cycle adheres to a four-phase process. The project also implemented change control procedures. Lewis notes that change control procedures are implemented to ensure that no unnecessary changes are made to the developing product. Another important element of the project management process is the recording of progress.
15 Pages(3750 words)Assignment
Production Management Principles
Planning helps scrutinize the performance in terms of output, money and time. It is therefore vital to plan before beginning construction of a project (Brian and Peter, 2004). The following report is a detailed plan of the construction process of the College’s student Bar and Student Services Centre.
12 Pages(3000 words)Assignment
Project management maturity model
The levels are; I. Level 1 Common Language: In this level, a company acknowledges the need for project management and the basic knowledge related to project management. The language and terminologies used in project management are also considered. II. Level 2 Common Processes: at this stage, a corporation accepts common processes defined and developed so that project achievements can be repeated in other related projects.
13 Pages(3250 words)Assignment
Project Management Assignment: Project Analysis
This report is based on the project analysis of the INCIS Fiasco, the idea of which was proposed by the New Zealand Police Force. The idea was to implement a compact Information System solution that would revolutionise the working mechanism of the police force.
10 Pages(2500 words)Assignment
Operation Management Week 6
At the same time, the principles of project management must be carried out in an independent manner that ensures that at the end of a project, the observation of project management concepts will
1 Pages(250 words)Assignment
Project management
above mentioned principles and characteristics of a project are very significant because they underpin the strong foundation of a project upon which its success lies. It helps in planning, organizing and meeting the objectives of the project along with its accomplishment in a
11 Pages(2750 words)Assignment
Advanced Project and Risk Management
management involves a series of steps which delivers an effective process to accomplish the goals and objectives a project smoothly (Public procurement Guide, 2008). The discussion of this part of the assignment aims to critically examine the National IT Program in the NHS
20 Pages(5000 words)Assignment
Jubilee Line Extension Project Management
Traditionally, most of the organisations used to possess a pyramidal hierarchy and organisational structure. This principle of project management was mainly noticed amid the stable organisations. However, this specific principle is deemed to be ineffective within such organisations that demand higher degree of unpredictable environments and changes
16 Pages(4000 words)Assignment
Project Management
In the case on HP, the need to develop a product applicable to elementary school pupils proves imminent and hence the need to have HP commit its resources ranging from employees to finances to the development of a product that suits these level of users.
24 Pages(6000 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 Assignment on topic Principles of project management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us