Project Management by Dennis Bialaszewski - Research Paper Example

 PM has appeared as an efficient tool for addressing the intricate needs as well as requirements of the present business environment. Moreover, PM is a type of management discipline which strengthens various economic activities of a company within an industry. Project Management Institute (PMI) is an internationally recognized not-for-profit membership organization for the profession of project management. PMI consists of 600,000 members as well as official document holders in over 185 nations (Bialaszewski 1-17).   

There are various phases or processes of PM by which a project should be managed in various steps and these entire steps are interrelated with each other. The project is managed by planning, implementing, monitoring, and control procedures. The first step is the initializing process, where the objective and scope of the project are clearly defined. The objective of the project depends on the business requirement (Bialaszewski 1-17).    

The second step is the planning process. In this step, after determining in the initialization phase what type of resources are required, one member within a team plans from where these resources would be acquired. In this step, plans are also made regarding in which way resources would be obtained and how they are useful for pursuing the overall project (Bialaszewski 1-17).   

The third step is implementing the process. In this step, it is ensured that each deliverable, achievable, and desired result must be within designated cost as well as specified allocated resources. Moreover, in this phase, the project manager is responsible to analyze whether or not extra fund is required for executing the project (Bialaszewski 1-17).     

The fourth step is controlling procedure; as in this step, the project manager is responsible for controlling as well as rescheduling the entire project to keep the process on right track. Essentially, in this stage, customers’ deliverables are created as well as the project manager is accountable for the quality pledge and deliverable signoff (Bialaszewski 1-17).     

The final step is the project closing stage. In this stage, reflection on the success of the project takes place. It is reviewed that what kind of possible changes if any would be implemented if a similar project is conducted in the future (Bialaszewski 1-17).   

Communication is one of the most important aspects within a team to make sure of the best potential outcomes. When PM processes are utilized in order to complete a project, effective communication is essential within a team. From the first stage of the PM process if the planning thoughts are not communicated in a timely, accurate, and relevant way then there would be a considerable obstruction in the completion of any project (Bialaszewski 1-17).     

‘Emotional Intelligence is one of the crucial aspects than ‘Intelligence Quotient’ in envisaging leadership success. A project leader is assigned to work with members of various attitudinal types in order to complete a project, thus the project leader needs to demonstrate the quality of emotional intelligence in decision making (Bialaszewski 1-17).   

Time management and cost are the two necessary considerations that are intrinsic to the quality of any project. Moreover, inefficient implementation of project management steps can create additional cost expenses in order to ensure the completion of a project within the stipulated time (Bialaszewski 1-17).   

Quality and closure are the two important aspects that assist to deliver a basic understanding of ‘Information Systems (IS)’ concepts for preparing a project. Quality and time are important considerations in project management. Statistical software, which is related to IS is a crucial component to ensure proper data assessment in a project (Bialaszewski 1-17).   

The Project Management Process  

The project topic is BUS 221 which is conducted on Wednesday from 6:30 p.m. to 9:15 p.m. It is selected for the research study by a group comprising of 3 persons. At the initializing stage, it is necessary to meet together and to develop the objective as well as the purpose of the research paper according to the given topic. Moreover, it is also necessary to identify the related resources which are needed for conducting this particular research paper based on the topic BUS 221. Subsequently, it is necessary to plan about the project i.e. from where and in which way resources would be collected so that it is useful for the research paper. One of the members is adept at using Prezi or PowerPoint. Therefore, it is beneficial to provide the work related to presentation preparation to this member on Tuesday, Thursday and Friday from 2:00 P.M. to 8:00 P.M. Another member, who is an expert in web page construction, can be employed on Friday 2:00 to 7:00 P.M. and on Saturday and Sunday from 10:00 A.M. to 1:00 P.M. in the work of presentation. The third member would be required to work on preparing the written parts of the assigned research paper on weekdays expect 6:30 p.m. to 9:15 p.m. on Wednesday.