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Virtual Project Management - Research Paper Example

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The tools chosen for incorporation in an oil producing environment should aid in developing exceptional leadership qualities, highly performing team players, clarity of methodology and knowledge at the point of exploit. Installation and use of real time sensors gives a proactive approach to asset management in an oil producing company. Abridged Literature Review Project management tools provide assistance in management, planning, support and control of projects. Communication is an important aspect of project management that allows conveyance of decisions and progress across different mediums. Lack of proper interaction and communication in virtual teams compromises effectiveness in product output. Cultural difference between the software team members and poor communication may lead to conflicts which greatly hamper productivity. Handling change in a virtual environment is crucial as this environment is dynamic in nature. “Globalization, increased competition, technological development, and diversification are some reasons why organizations should be prepared for change and undertake change” (Kotter, 1988). Inability to embrace change may thus result in stagnation of productivity which is not priority in a competitive oil producing environment. With the collaborative features for sharing of resources and standards, workflow, management of project knowledge, document handling and their related functionality, the value of a project management is greatly optimized. In addition, there are graphical

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This methodology is helpful for those industries where it is difficult for managers to visit and detect the problem areas. Oil and gas industry is such a sector which required detecting oil spills and also exploring new oil and gas fields. The project managers in this sector needed to monitor his workforce and schedule tasks for them.
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capabilities and elements that enable the decision makers to visualize and realize the desired balance of projects and people, strongly align portfolios with the goals of the organization, and above all ensure that the organization remain in synchronism with strategic objectives in the oil environment. There is an increased petroleum exploration with an aim of meeting the needs of rapidly industrializing countries which can be done safely regardless of the adverse challenges. These challenges can be overcome through strong partnership, technical cooperation and capacity building, among others, a strong aspect of virtual project management. It thus calls for continued oil exploration. Summary In conclusion, oil production is a lucrative venture that attracts a good number of explorers in the world. It is therefore vital for these companies to understand the dynamic nature in oil producing environments to minimize the possibility of incurring losses or even halting the process of oil production due to unpredicted challenges. Moreover, in order to move oil production industry forward the use of intelligent surveillance and sensors shouldn’t be ignored. Furthermore, the integration of virtual management tools with the existing systems in an oil producing environment may be difficult. In fact, a substantial amount of valuable data collected by explorers today is neither utilized nor is it disseminated to people who can make use of them. Complex problems facing oil production therefore require a clear understanding of virtual tools to critically analyze data. Changing the collected data into vital information will help enhance informed
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Summary

Virtual Project Management Name: Instructor: Institution: Date: Virtual Project Management Introduction Virtual management tools in any business firm are of utmost importance in understanding the current and future state of project management. This is because of the numerous challenges facing organizations caused by market dynamics notably globalization, flattened hierarchy, increased regulatory scrutiny and fragmented enterprises…
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