So, let 's start with a general definition of "project management". Very simply, project management (PM) is just another way to get things done! However, as businesses and technologies have matured, so has the 'science ' of PM, in lock-step with the nature and scope of business today - global, distributed, matrixed and virtual. It may be easy to get a single task done between a supervisor and their employee when they both sit in the same building, across the hall from each other. The supervisor asks, the employee delivers. However, the nature of work has changed. It has become global - project team members may be comprised of people on multiple continents and time zones. Work has become distributed - a single, complex task can be …show more content…
How Project Manager does manages to do all that, you might ask. PM has developed into a quantifiable, defined, and measured science utilizing PM-specific principles and processes that have become accepted protocol for getting things done. In many cases, for some companies, 'the project ' is now the smallest unit of work ' - meaning that the complexity of what needs to be accomplished is such that PM is the most efficient method by which work can be done. Individuals are no longer necessarily responsible for 'tasks ', but for a complete 'deliverable ' (which may be a result of multiple tasks, or a series of tasks which are executed in a particular and specific order). The work of project teams cross functional areas, but they are not managed by functional managers. The project deliverables often require decisions by functional managers, but the benefits may not necessarily accrue directly to the functional manager making the decision. Sound complicated? Yes...and no. Remember: project management is getting things done. Thus PM is people working together to accomplish a specific achievement with a defined set of resources, within a specific timeline. It is this relationship between SCOPE (what will be accomplished), TIME (when the accomplishment must be completed by), and RESOURCES or COST (headcount, budget, facilities, technology, administration, etc) that drives PM. This is often called the PROJECT MANAGEMENT TRIANGLE (or THE TRIPLE CONSTRAINT) --
As the world is chaotic (Djavanshir and Khorramshahgol, 2006) it is impossible to always predict the future accurately. Teller at al (2012) describes project management as balancing the “iron triangle”, where changes to any one of the planned costs, quality or scope will change the other elements. Risk management allows contingency to be put into project plans, (APM, 2012) minimising negative effects and maximising the benefits of uncertainty.
need to be upgraded and the existing data will need to be transferred into the new
Part 1: Search the internet for the term "IT outsourcing". Find at least two articles that discuss outsourcing, whether beneficial or controversial. Summarize the articles and answer the following questions in a two to three page paper:
Prepare a five to seven paragraph response proposing leadership styles you would recommend for the Denver Airport Project. Please choose a combination (two or three) of the eight leadership styles presented in the Thompson textbook (Chapter 11: Leadership: Managing the Paradox). Please note that you are to also use three other sources from the internet or the DeVry online library. All sources must be cited.
Define a project. What are the characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?
Using project management offers a business a way for dealing with considerably lowered phase times. With businesses operating internationally projects that can have an effect on the company as a whole are not easy to manage without a proper line of attack. For this, project management would help cross functional teams to be more successful.
A _______________ is a temporary endeavor undertaken to create a unique product, service, or result.
Many home improvement products are universal regardless of market. Acme will be able to leverage this existing product knowledge for its Mexico City location. Acme will also be able to learn from competitor Home Depot who has already entered the home improvement market in Mexico. By touring several Home Depot locations in the Mexico City area, Acme will be able to see which store layout, merchandising, and promotional ideas seem the most effective.
Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the
However, ethically, no person should be singled out for project failure unless it is the project manager. In the end, he or she is the one assigned the ultimate task of ensuring the project is completed. Although the project manager is in charge of ensuring the task gets completed, sometimes a task can fail despite the project manager’s best efforts. In these cases of project incompletion or failure, it should be said that the team failed. This is the most ethical result in this sense because it points the blame for failure on the team as a whole instead of just one or two people. Therefore, it is morally wrong to blame failure to complete a project on any one individual.
The traditional approach to project management is to identify where he or she is right now, and what he or she is trying to accomplish, and the steps needed to take to arrive where he or she wants to be. Project management is the process of activities or tasks that lead to the successful completion of a project. Carrying out a simple project that involves two or three individuals or one that involves a mix of individuals, tasks, and organizations is a big difference. If an individual has an unlimited amount of money and time, project
Forming the priorities for the project considers the three project measurement elements: cost, scope, and time. By determining with the customer which one of these elements are the priority over the others, the project manager can determine which element can be the constraint, which one can be enhanced, and which element to accept. This can affect the quality of the project if time, cost, or scope is the priority. With this project, we do know that the cost of the project cannot exceed a budget of $1.2 million. Therefore the cost is a constraint – no flexibility in this area. Time could be accepted, meaning that the date for the conference could be in twenty or twenty one month – not an exact date. Performance or scope of the project can be enhanced with the flexibility of the projects that the individual teams undertake before the conference. In fact, the service at the venue could be of elegant quality or simply good food. The scope of this project could be enhanced.
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
Although it may be temporary, a project is an exclusive endeavor initiated with a defined start and finish point and a set number of tasks that need to be completed to reach a possible set or unset finishing date. In project management, we carry out a group of tasks with a defined set of skills, capabilities, and philosophy acquired over a set period, while developing a finished product for the projects sponsors and stakeholders. There are a set of fundamental processes involved with project management:
Ideally, the requirement for an IS project would be specified in some detail before planning begins. If the requirement is not detailed enough, what steps can the project manager take to improve the likelihood of the project’s success?