Essays on Project Managers

Project management process consists of five major groups, which include commencing, planning, implementing, observing and control as well as closing process groups. This report paper summarizes and gives opinions on all the areas of knowledge involved in the entire stages of the planning process groups. In all the process groups, project integration together with project stakeholder management are the areas of knowledge involved. Planning, monitoring and control stages include project scope, time, cost, and risk management as the areas of knowledge. Project HRM and communication management area of knowledge is paramount in planning and execution process. Procurement management as ...

The Triple Constraint: Cost, Scope and Schedule

The triple constraint is also referred as the project management triangle or the iron triangle. It is used in project management as a graphic aid that helps in analyzing the project’s goals. It helps the team in a certain project to evaluate the management of costs and time in relation to expected results or goals.

Cost

Scope Time Cost In project management, cost refers to the financial value attached to resources used in the project. All resources have a cost or monetary value in relation to a project. Resources used in a project such as labor or workforce and ...

A project network diagram (PND) is a diagrammatic representation of the relationship of a project’s work activities and how they will progress from start to finish (Phillips, 2014). Project managers have to deal with various stakeholders that include the management, customer, and project team members who have a big stake in the delivery of the project. Project managers face triple constraints of time, scope, and cost. A PND is a useful tool that helps a project manager to plan the activities of a project to ensure that the project is completed on time. A project manager can use ...

Introduction

On June 23, 2016, UK held a referendum in which 52% of the voters chose to leave the European Union (EU) against 48% who chose to stay (Taub, 2016). The Brexit presents a massive change. Without a doubt, the Brexit will strongly influence how project managers will run their projects. Hillary and Allen (2016) observe that all sectors and organization will have to review the risks and opportunities that will emanate from Brexit. Unfortunately, project managers, like everyone else, have limited information that would help them to assess the risks and opportunities associated with the Brexit. Notwithstanding the lack ...

Tools and Concepts Of Project Management

Project management is an increasingly important discipline in today’s business environment. By definition, project management refers to the discipline that involves the application of knowledge and skills in the initiation, planning, execution, control, and closing of a work process or activities set to accomplish specific goals under very specific criteria (Tayntor 2010). According to Charvat (2002), for organization to gain competitive advantage, they must focus on project management as a key driver for growth. When speaking of project management, many people get the idea of managing large projects, such as the construction of a house, road, or even ...

The project scope management and planning are most critical parts of a project that help to complete it in an effective manner. Project scope describes the detailed set of features and deliverables of a project. It is important to protect the project scope that ensures that the project and its processes are defined and mapped accurately. The effective project scope management plan helps project managers and supervisors to allocate the right amount of resources necessary to complete the project successfully within a time effective manner. The efficient plan helps to create the detailed project scope statement, work breakdown structure, ...

Various businesses are recognizing the opportunity which they can utilize to gain a competitive advantage which is associated with the supply chain. For the businesses which operate internationally, supply chain strategies are recognized to increase operational efficiencies. The supply chain is a dynamic model, unlike other business affecting factors such as technology and other factors. The project managers who are in charge of the supply chain projects are faced with different types of challenges which they are expected to overcome for the projects to be successful. The paper is meant to discuss different roadblocks and problems which are faced ...

Reason for Studying Organizational Structure

An organization’s hierarchical is important because it reflects the decision-making process and chain of command. An organization may have a flat or tall structure that directly affects every manager’s power to influence resources and authority to make decisions for timely execution. An organization’s structure is important for goal achievement and delivery of corporate results because it influences a project manager’s capacity to meet deadlines while corporate goals are commonly shared. Keeping this in mind, this paper studies the manner in which different organizational structures affect the achievement of project goals.

Discussion

In true essence, organizations follow ...

Analysis of the People Dynamics of the Construction Project of New Century Global Centre, Chengdu, China

Introduction Chengdu was designated by the Chinese government to become a major convergence point for trade between China and the rest of the world. The New Century Global Centre in Chengdu is the world’s biggest building and was constructed between 2010 and 2013 as a major project by the Chinese government in the Sichuan Province. The building has a floor space of 1.7 million meters square and covers a floor area of over 170 hectares. The purpose of this essay is to critically evaluate the human dynamics of the project management that transpired in the construction of the ...

PART A: Summary of Project Management

Whenever a subject is to be discussed, there is the need to understand the subject and the most important parts of the subject. This process ensures that the reader gains a clear understanding of what is being discussed. This essay will be divided into two parts. Part A will discuss the principles of project management, The Project Management Book of Knowledge (PMBOK) and the importance of project management. Part B will discuss the benefits that are delivered to an organization by the effective application of project management processes. The essay will conclude with a summation that brings all of ...

REPORT

Report

The research aims at analyzing PMIBoK5 to identify the topic coverage for P3M, entailing the areas concerned with P3M, and to identify the influences in PMIBoK5 affecting the approaches as well as the methodologies of P3 Management in the diverse project environments.

Deliverables

Project Management Institute Body of Knowledge (PMIBoK) entails a term describing the totality of knowledge within project management as a profession. The areas of coverage concerned with the P3 management include the project scope management, project quality management, project cost management, project risk management, project stakeholder management, project procurement (Haimes 2015, p. 41).

Related Scope Factors to P3 Management

Project scope management. ...

Introduction:

The case study has pointed out different challenges that is faced by a project manager. The book written by Laufer discusses about different core principles of leadership that is related to this case study. It can be used to successfully manage a project at different environment to achieve the desired objectives. There are many government employees who are not interested on new culture but prefer to close the project. The case study symbolizes it more clearly. As time passes Judy shows them importance of new culture and make them work on it to have profit and an air of ...

Videoconferencing software is a powerful tool for project managers who are required to use virtual solutions to communicate with team members or need to enhance their information delivery (Blau, Weiser & Eshet-Alkalai, 2016). Specifically, video conferencing software can facilitate the execution of the organization’s strategic plan. This is because as an organization continues to grow and become multi-national or global, the workforce becomes proximally distributed across the world, hence, there are challenges for project managers who need to communicate with a team that is an inter-regional or international audience (Daim et al., 2012). There is a multitude of different ...

Information Technology Project Management

The relationship between organizational culture and project management Organizational culture has a great impact on the performance of the project because it influences strategies, structures, systems, cultures, and behavioral processes of the organization. Efficient execution of the project requires planning, organizing, and control that form the basic part of organizational culture.

Types of culture that promote a strong project environment

An effective project must have a strong project team culture. According to Schwalbe (2016), a culture of co-operation between the project management and line management helps strengthen the project environment. Moreover, the effective government creates a positive project environment by making sure the organization’s engagement and interest ...

The project management professional (PMP) certification targets project managers who possess formal training in addition to a three-year work experience in the field of project management. The PMP certification commands an international recognition plus high value in regards to project management. The primary goal of this certificate is to evaluate as well as measure objectively the candidate's professional knowledge. Its pursuance is governed unbiased by the applicable laws. PMI offers oversight of the given process, and a qualifying candidate must pass a set exam do as to get the certification. Qualification for the PMP exam requires the fulfillment of ...

Introduction

In the process of designing and implementing projects, some ethical issues are faced by the project managers on a daily basis. If such ethical issues are not dealt with effectively with solutions, the efficiency of project implementation becomes reduced significantly. Ethical issues relate to how team members develop and sustain a good working relationship with each other and vary in the type of project and the region involved. There are no existing hard and fast rules that act as directives to solutions when ethical challenges arise. Therefore, professionals need to apply both leadership and entrepreneurial skills to resolve ethical ...

In this project, the hospital seeks to adopt a technology-based application that makes use of barcode technology. This is an IT project that seeks to tap into the opportunities presented by the computer software applications to ensure that medical deliveries in the hospital admission rooms are efficiently documented to help reduce medical errors. In the evaluation of the project, key success indicators, data sources, and an analysis plan are important aspects and should look beyond the technical facets of the project and focus on the implementation from an organizational or humanistic approach.

Key Evaluation Questions

The evaluation of the project would raise ...

Business Problem Statement

Climate change is an issue that is evaluated just as any other business issue and thus it has to compete at some stage with other investment opportunities. In business, it is important to focus on projects that are compliant with applicable environmental and resource protection laws (Kubba 2). This has driven the focus of project managers to green initiatives in businesses. There are various programs in existence that seek to outline the important green criteria by highlighting sound practices that protect the environment as well as operations that are cost effective. One of the widely recognized programs is the ...

There are numerous factors that make managers and leaders successful in the business world. One of the most important aspects of business leadership is allowing communication to flow up and down the chain of command; while not every idea is implemented, it is important that employees understand their concerns will be listened to in order to maintain a successful work environment. Leaders, therefore, build a transparent environment and make themselves available to their employees and other high level business people. In addition, business leaders must work on relationship building between other business leaders in order to foster good relationships ...

mmmmm dd, yyyy

General Strengths of the Project Management Life Cycle (PMLC) Theory

The PMLC has four phases namely initiation, planning, execution and closure. There are many activities under these phases and all of them are logically sequenced to prepare the project move to the next stage. The sequence calls for timely approvals to authorize activities, ensuring that time and cost budgets consider all work activities. Having a methodology like PMLC will readily guide work during most of the project and this saves valuable time for all members. There is an emphasis on planning as a phase and in all activities and it is based on the belief that ...

Project managers use a variety of tools and techniques to manage project teams. Project managers commonly use Project Evaluation and Review Technique (PERT) and the Gantt chart to manage project teams. The PERT shows diagrammatically the sequence of project activities, how much time each activity will take, and the interrelationship between the various project activities (Maserang, 2002). The Gantt chart show the calendar time each task will take usually expressed in days, weeks, or months (Maserang, 2002). Gantt charts show diagrammatically for each activity the start time, the estimated time to complete the activity, and the time elapsed (Maserang, ...

Following the prevailing ideological and managerial ambivalence between the executive director of research and development and the executive director of sales regarding the solution to the employee poaching crisis by a rival competitor firm, the CEO requires the mediation and reconciliation planning process of the two executives to follow the schematics of project management. Project management calls for a four stage paradigm to the entire life cycle. The steps are initiation stage, planning stage, execution phase, and provision of the closure of the project. In your opinion, what are the limitations of the project management life cycle theory about ...

The following literature review evaluates scholarly research on the challenges of entrepreneurship, project management and sustainable development in Africa. Based on the discussion meaningful implications and suggestions are mentioned towards the end. Africa is a land of magnificent natural sceneries and resources but even in the 21st century it is still considered the Dark Continent, bearing metaphorical meaning. It is the least developed continent in the world. Despite major efforts in improving the lives of Africans there are many challenges that face the continent.

Sustainable Development in Africa

Africa has immense natural resources and precious minerals. For decades the practice of finding energy ...

Chapter 5: Findings and Discussion

In all types of organizations, including cross culture project team in all organizations, the concepts of job motivation is crucial since it plays significant roles in impacting the productivity of organization within which they operate. This study was aimed at finding factors that influence project team members motivation and how this affects the project performance within the finance industry in a multinational and multicultural setting. It was also to address factors that motivate project team members at the commencement of projects thus exploring how project managers alter them to influence the team member needs and priorities. It is the ...

Educational Institute

Introduction The design of this KM improvement facility used a combination of the Knowledge System Architectural Model (Williams 2014a) and the Knowledge Management System Design Process (Williams 2014b).

Strategy

The Knowledge Opportunity The PRINCE2 project management methodology is not being used effectively THE Australian Customs and Border Protection (ACBP) agency. It is not being tailored based on the size and complexity of projects. Small and simple project operators feel that it hinders rather than facilitates. It is also not being taught to incoming project members.

Purpose

The name of the KM improvement project is the Project Management System 0 (PMS0) which ...

Over the years, since 1994, NASA being one of the most successful organizations in the world has given much information on how firms can not only achieve long-term objectives but also maintain a high standard of professionalism. In this light, the current paper seeks to respond to some given questions in a bid to widen knowledge on management practices.

Why individuals are so important to the NASA project teams

The number one reason why individuals are so important to the NASA project teams is that they form the organization’s social capital. That is, the experiences that individuals gunner overtime as they work together is the very foundation of ...

1.0 Chapter 1 Introduction 1.1 Background and Rationale of the Research The industry of construction is not only a key player in the national economic growth; but also a crucial sector affecting the economic and social welfare of citizenry, particularly in its primary function in providing reliable and decent shelter. It is viewed as one of the most essential sector to highly contribute to the growth of an entire economy at the provincial, national and international levels (Artto & Kujala, 2008). In the recent years, cost modelling and estimation for construction projects have attracted major attention of several research scholars. ...

ANALYSIS OF THE KNOWLEDGE SYSTEM FOR ACBP’S PROJECTS

Introduction This case study seeks to understand the difficulties of Australian Customs and Border Protection (ACBP) in their IT projects by analyzing how knowledge is being created and managed in its IT projects. It is using a project management (PM) methodology called Prince2 and it is strongly suspecting that it is part of the problem. It is possible that there can also be other factors aside from the use of Prince2 and it is the aim of this study to uncover them. There are several knowledge management (KM) methods that can be used but only one will be chosen ...

Successful planning, construction, and completion of a large scale project like the one undertaken for completing the One World Trade Center is not easy since it requires a strategic focus on the construction plans in a realistic manner. Project leaders need to give external reviewers an opportunity to have an outside view of the whole project and suggest ways that can ensure completion within the stipulated time while avoiding deviations from the initial budget. The delays experienced during the construction of the Freedom Tower create the impression of how ineffective functional operations can lead to major changes in designs ...

Question 1: (20)

In the first step, initiation, several steps are needed. The first one is creating an informal document outlining the project or product. Next, a feasibility report should be completed in order to see that completion is viable (Warburton 2013). After this, a project manager and team will be assigned to the project. The project scope statement is then what is next created, and it outlines what will be done, how it will be done and why it will be done. Then, a charter is created to reflect who is in charge, the scope, and critical success factors (Warburton 2013). ...

Zadok limited company is an equity investment company that offers financial advices to its esteemed clients interested in investing both in the capital and money markets. The company has launches a project to implement management information system. This system will ensure real time relay important financial information across its departments. Employees will be able to make informed decisions based on the available financial information and avoid speculative decision making process which has been practiced in the company for over four years now.

Project scope

The primary objective of this project is to enhance information transparency across all the departments and to ...

Abstract

[Doctoral Study Title] [your official name]

BS, [university], 200X Doctoral Study Submitted in Partial Fulfillment [last month of quarter you plan to graduate] 200X

Background

Megaprojects have become a significant issue in the economic and infrastructural development of projects nationwide. An estimated 8% of the global GDP is made up of megaproject related funds and they have become the primary vehicle for the creation and delivery of a variety of social infrastructural projects including “water and energy, information technology, industrial processing plants, mining, supply chains, enterprise systems, strategic corporate initiatives and change programs, mergers and acquisitions, government administrative systems, banking, ...

ABSTRACT

Risks and assumptions analysis play a pivotal role in success of a project. After the identification of all the possible risks, all risks need to be quantified though critically examining the degree of impact the risks would have one the outcome of the project and then prioritized. Economic analysis could be used as one of the tools for assessing and managing risks. The economic analysis of projects is carried out before actually investing in it and is conducted throughout the project analysis when necessary, that is, design and preparation phase, implementation phase and post evaluation phase of the project ...

x University

Dr. X

The Influence of Project Managers on Project Success Criteria and Project Success by Type of Project There is a large body of research that supports the importance of effective project management and completion. The mixed method study, completed by Ralf Muller and Rodney Turner (2007), considered the impact of project managers, including attitudes and management methods, as qualitative factors, and age and overall success rate, as quantitative factors, on project completion and success. It should be noted that this was particularly interesting because it considered not only construction related project success but grouped findings by industry and ...

Abstract

Risk management is undertaken differently in varied sectors. In a survey of 415 projects in Brazil, the revelation came out that hiring a risk manager or planning for risk enhances project success rate. However, risk means diverse things for different sectors. In IT, some risks are desirable, because they disrupt the status, making some people redundant and increasing the opportunities for the skilled. Hence, the path taken to manage risk in the IT field is different from how risk is managed in other areas. The construction industry is intensive in the use of resources, and risk management should be ...

Advance Information System Security: SpiraTeam ALM

Cybersecurity concerns have recently become prevalent among varied organizations, presenting credible and real threats to business organizations when they occur. Cyber security attacks that are complex, of diverse nature and of unprecedented scale are possible to result in huge economic losses to the business organization. Specifically, business organizations must guard against determined efforts by cyber security attackers to gain access to commercially sensitive data that include key negotiating positions, gaining access to unauthorized government information, exploitation of information systems security weaknesses that target its business partners, subsidiaries and supply chain both home and abroad, and stealing of intellectual property ...

Integrated Cost and Schedule Risk Analysis

Introduction Over the years, the process of analyzing projects cost did not take into accounts an explicit reference or any reference to the project schedules and its risk. As organizations witnessed numerous risks in their projects implementation, a great emphasis on risk awareness and analysis was made. As a result, project managers created an integrated cost-schedule risk analysis to create the need of viewing the risk analysis as a crucial input when making key projects decisions (Hulett & Campbell, 2002). In this paper, we explain important concepts on schedule risk and overall cost. The paper explains the importance of integration ...

The previous work done focused on the construction industry, particularly on its scopes, costs, schedules, and uncertainties. In this paper, the author tries to continue what was started in that discussion only that this time, the focus would be on the application of project management principles in the United Arab Emirates (UAE). For the first part of this project, the author focuses on providing and discussing two qualitative studies about the chosen topic—i.e. the application of successful strategies in UAE’s construction project management industry.

Greening Project Management Practices for Sustainable Construction

The effects of climate change can be devastating. The world has witnessed the ...

Inside Apple

Inside Apple Myers, K. K., & Sadaghiani, K. (2010). Millennials in the workplace: A communication perspective on millennials’ organizational relationships and performance. Journal of Business and Psychology, 25(2), 225-238. This resource identifies the characteristics of team members who were born in 1979-1994 as people who are unmotivated, self –centered, disloyal and disrespectful in an organization. In addition, this journal article reviews positive characterizations of this generation as people who are motivated to work in a business environment where they will impact in a huge way, prefer open and frequent communication with their organizational and team leaders and possess good ...

Introduction

The paper focuses on the project management problems that faced Rony’s project. The project was commissioned by The Custom Ronworking Company. The president of the company, Emelia Carpenters, contracted W.Easly Associates to conduct a post-project appraisal of Rony’s project. The project involved expansion of the company’s production facilities. The expansion included expanding the manufacturing and production residence. The plans were occasioned by a mini boom experienced in the commercial construction field in NSW, Rony’s hometown. A decision was reached to go ahead with the expansion and Spencer Moneyworth, the vice president; Finance and Administrator were ...

Instutional Affiliation

Part 1: Existing Studies Alias, Z., Zawawi, E. M. A., Yusof, K., & Aris, N. M. (2014). Determining critical success factors of project management practice: A conceptual framework. Procedia - Social and Behavioral Sciences, 153, 61-69. doi:10.1016/j.sbspro.2014.10.041 This source identifies five different variables that define project success; the researchers define these variables as project management action, procedures, human factors, external issues, and project related factors. The researchers define these factors as critical for success, and without synchronization, the researchers project failures in processes. This gives both a quantitative and qualitative analysis of project management and project management processes. This is ...

Managing successful construction projects is rooted in a thorough understanding of current pedagogical theories regarding project management. The stakes for project management benchmarks are quite high in the construction industry, and failure to safely meet these benchmarks can cause serious setbacks to a project. Alias, Zawawi, Yusof, and Aris (2014) suggest that recent and current practices of project management have failed to ensure the success of projects in terms of planning and quality. These failures have very important costs: they cost management time, resources, and even personnel, as any failure to meet project goals changes the timeline for the ...

Dear _______,

After researching about program management, I have come across different perspectives that made me think that pursuing a career in this field can be promising for one’s professional and personal growth. This letter contains several of my findings about program management and why I decided to pursue a career in this field. A career in program management can be challenging and I found that any candidate for this position have to possess certain characteristics that will enable him to deliver according to management expectations. The complex responsibilities require that the program manager must have the core competencies, attributes ...

Multicultural Project Planning - Post War Conditions In Iraq

The pre-war and post-war years in Iraq have been devastating to the residents as they were traumatized by the dictatorial rule of Saddam Hussein and the foreign military intervention that resulted in the country. Years after the war, the Iraqis were relieved of Saddam Hussein, but their living conditions continue to be harsher. This is typified with most people still lacking clean water for drinking, market places have been destroyed and looted while the transport system has been crippled with bridges and roads having been demolished. The power stations have been destroyed especially during the Gulf war as exemplified ...

A project manager’s task is to induce right people, at the right time to address the right issues and to make the right decision. In a nutshell he is required to plan, monitor and control the project. Broadly, a project manager’s basic skills can be divided into Personal Skills, Technical Skills to understand complexity of the project and apply PM tools knowledge, Management Skills and Coping/interpersonal Skills. We all are aware of the importance of personal, interpersonal and management skills of a project manager. But what about Technical Skills? There are primarily two school of thoughts: Authors ...

The Role of Leadership in Project Management

Leadership is an important aspect of project management. Project team leaders appointed to run a project have the power to determine whether an exercise becomes successful or not. It is, therefore, imperative for project managers to clearly establish their leadership roles in project management. In addition, the managers need to know the necessary skills that will help them successfully carry out their leadership roles.

Nature of leadership and management

Scholars have established that there is a link between the performances of an organization to the approach which the organization takes in regards to the management of its essential resources. This is an aspect referred ...

Project managers are often given due dates for a project long before even the commencement of the project. Most projects have a constraint, either as to time or resources availability. Therefore, it is essential for project managers to plan for the project to ensure it meets organizational requirements. Resource scheduling is a concept that provides for a plan of all the resources available for a given project and the timelines for the completion of such projects. It is a timetable that is used to highlight all the project activities. Is essence, project scheduling allows for the project manager to ...

(Thames Tunnel) Projects, as learnt from multiple sources, are one of the primary ways by which we change our world. Whether the aim is to separate an atom or tunnel under the English Channel or introduce new software or make plans for the next Olympic games in Brazil, the only means to achieve all these activities remains relatively the same: via project management (Anon, 2016). Project management has been in existence for many years. Many people tend to think that it is a new venture for development. Project management was and still is involved in planning, coordination, monitoring and ...

Information Systems Model for Gustavus’s VASA case Study

Executive Summary Management information systems are tools that focus on the organization, the people, and the technology in the management. They help the managers in making critical decisions in the aspects of management by offering valuable data that can increase the relevance and the accuracy of the business decisions and the actions taken in an organization. The report will cover the critical management information tools that could have been employed in the Gustavu`s VASA case study. The case study entails the building of a Swedish ship that sank after covering 1400 yards on its maiden voyage 300 years ...

Reasons for Project Failure

A project is considered to have failed if it fails to deliver what was required according to its expectations. Whenever a project does not deliver to cost, to quality, and on timely basis, it can be considered to have failed to attain its targets. Project failure can be described in different ways, such as the judgement of the stakeholders on project failure, failure to meet the set delivery plan, failure to meet the set duration for project completion, failure to meet the financial forecasts, and failure to meet the set minimum return of investment. The main causes of project ...

Project management entails the application of tools, knowledge, processes, techniques, experience and skills in achieving a particular project activity to meet the intended goal. A project is usually a unique endeavor that is undertaken to attain a specific objective whose success is defined in terms of the overall benefit or output. Thus, project management process helps in the attainment of the desired outcome according to the agreed budget, criteria, and timescale (Hyväri, 2006). According to Mir & Pinnington (2014), projects are different to business activities as they require the particular stakeholders involved to come together and focus on the ...

Introduction

Conflict is a discord between two or more parties. The causes of the conflict differ depending on the situation or environment. Conflict is bound to occur when people are working or living in the same environment. The key is to approach and solve the disagreement in a sound manner that leaves both parties satisfied with the resolutions made. The process of resolving conflicts is known as reconciliation. Reconciliation is the methods of facilitating peaceful ending of conflict and retribution. The conflict resolution process is facilitated by a mediator (Barsky & Allan., 2014). In the world that we are living in ...

(Tutor/Professor) (City, State)

PART 1: PROJECT INITIATION

Project Brief In the history of Olympics, this project has been termed by many experts as being the most complex in Europe. A number of factors conspired to ensure this is the case. First, the project was to be delivered within a short deadline that was provided for. Because London had won a bid to host the 2012 Olympic Games, there was a need to have the facility ready in the shortest time possible. The second reason why the project was complex is because of the unique environment in which it was to be located. The ...

1.0 Executive Summary China should consider adhering to ethical requirements in decision making in the future by taking account of the impact made to the larger society and not just their interests

Adopt effective policies that meet the concerns of the global community and not just the interests of China in the exploitation of the rare earth metals 2.0 Introduction In the current global setting, ethical consideration is taken into account to ensure that projects meet their intended goals/objectives in the most efficient way. It, therefore, means that to achieve the desired goals of projects, organizations should not have ...

Define Risk Management Planning

Risk management planning refers to the procedures utilized by project managers to anticipate the risks associated with a particular decision, estimate its impacts, and define the most appropriate interventions to counter its effects. This process involves the creation of a risk management plan, which is presented as a document to the organizational employees before its implementation. Risk management planning also includes the creation of an assessment matrix that provides insight of the positive and negative impacts of utilizing a particular project application procedure. According to Chance and Brooks (2015), the utilization of risk management plans within organizations augments the ...

Project Management Body of Knowledge (PMBoK) for Project Management

Literature Review The PMBoK is a guide for project management, wherein all the contents constitute a body of knowledge for project managers to follow and use. This document is the product of the work of the Project Management Institute (PMI). It is said that the practices mentioned therein are applicable to most projects most of the time, and that experts have concurred about their utility and value. This means that the direct application of the processes, tools, and techniques can improve the chances of success of a project. PMBoK is process-driven, meaning that it is made out of several ...

A project can be thought to be the achievement of a specific goal which entails a number of activities and resources, and a definite start and end dates, and must be completed within this time frame of the start and end dates. Project management can thus be defined as the process of managing the activities involved in a project in order to achieve the goal of the project (Munns and Bjeirmi, 1996) or achieve project success. The terms project success and project management success are two different things. The measure of project success is with respect to the overall ...

Ethical Analysis

Introduction The task of a project manager is often not easy considering that they encounter a number of dilemmas when it comes to making decisions that are vital for the successful completion of the project. Therefore, project managers are required to know many things, and carry out a large number of tasks on a regular basis with substantial responsibility. The question on what should project managers do when they come across tough dilemmas depends on a number of issues including the theory that the results are of more value than the actions. This paper will analyse the scenario where ...

The work breakdown structure is an important aspect of a project management, without it, the project management becomes quite difficult. To effectively manage a project, project managers need to apply the concept of project management, in so doing, they would be able to effectively track the progress of the project activities; usually indicated in the project schedule. Furthermore, the work breakdown structure has well defined limits, project management can be used to show how advanced the project is. To check the level at which a project has advanced to, one simply needs to check which tasks have been finished, ...