Current Event Paper - Assignment Example

Current Event Paper Project management involves uniquely scheduled operations. These operations are business related, which must be intended to achieve a precisely set objectives within a limited period. Various activities in project management operations in business aim at the strategic planning and sustainability of commerce. Project management, therefore, is the use of skills, knowledge and techniques in the business or corporate project activities to meet the overall project requirements. Project management scheme is designed in an intertwined manner thus each and every project life cycle is dependent on one another to achieve the set goals and objectives in the operation (Project M.I, 2013). Contemporary events in the contemporary world relating to project management include the emergence of mergers and social corporate responsibility.

Amalgamation is a conglomerate business take-over activity, which involves a lot of skills, tools, techniques and knowledge in order to meet a business’ set objectives (Project M.I, 2013). In the modern business world, take-over business operations revolve around the triple constraint project management plans for its success. Lastly, the social corporate responsibility is also an emerging contemporary issue where all the business project management operations must be ethically correct. The emergence of mergers and corporate social responsibility relates to project management concept due to these issues’ levels of technicality.

Project management is a technical issue in the decision-making parameter hence without sufficient knowledge, tools and techniques project management’s goal plans are unachievable. Both the amalgamation and social corporate responsibilities, on the other hand, are inclined towards project planning life cycle (Project M.I, 2013). This makes the three concepts interrelated in business operations. ReferenceProject, M. I. (2013). Guide to the project management body of knowledge: Pmbok guide. S.l.

: Project Management Inst.