Essay on Project management

This is to ensure that the necessary raw materials and physical resources are available at each stage, and that the workforce on site has the right skills for the scheduled work. The project management team will need to produce a series of planning documents that can be accessed throughout the project. Each member of the project management team must know their role and responsibilities, including which sections of the workforce they will be directly managing.

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the

This project charter is planned to help O’Donnell & O’Donnell LLP who will lead the project management team take place the parade smoothly. This parade for welcoming home troops will be organized in Colorado Spring which has a long history of military. This project charter’s goal is making sure project management team and sponsors understand all details and tasks of this parade and getting an agreement between these two parties. Some important tasks can be directed with the project charter. For examples, raising fund, arranging thousands of soldiers and planning a lunch

The project management cycle has several guidelines that should be followed, for success to be achieved, and minimal disruption experienced. Project management cycles allows for the taking care of constituent processes that contribute to a large successful project. The recent organization where I have worked which will be considered is the Chase Bank. Banks are rolling out new departments so that they reach out as many clients as possible. The banks are also trying to minimize the risks that they encounter, and remain competitive when benchmarked against other industry players. The use of project management has also been expected to be beneficial in the evaluation of diversified banking products. The benefits conferred by the new products can be evaluated and assessed for the profitability that they have contributed to the organization, and projection of future profitability conducted. Just like other international banks, Chase Bank has branches globally that offer similar products, with minimal tweaks depending on the region.

1. Discuss the principal reasons why project management has become such a popular business tool in recent years.

In today's business it is in the best interest of companies to have project managers. Common sense isn't always easily accomplished. Anyone who's ever worked on a project in a technical setting knows this. Indeed, much of working with others consists of solving unexpected problems and learning from mistakes along the way. Knowing this and having the proper tools a project manager will be able to manage and complete the most intense project out there.

In general project development is changing, from large industrial construction projects to focusing on projects that bring results right to the bottom line by delivering greater efficiencies and cost cutting measures to organizations. Completion is now King in many industries, with healthcare a shining example where service efficiencies and cost cutting are driving the need for Project Management services at an unprecedented rate.

Construction projects can be extremely complex and fraught with uncertainty. Risk and uncertainty can potentially have damaging consequences for the construction projects. Therefore nowadays, the risk analysis and management continue to be a major feature of the project management of construction projects in an attempt to deal effectively with uncertainty and unexpected events and to achieve project success. Risk is inherent on construction projects and disputes frequently arise. One in four construction projects results in a dispute that leads to arbitration or litigation. With large scale, complex projects the likelihood of serious, time-consuming and expensive claims increases.

Contrast project management with operations management. How do these differences impact the approach required to manage a project successfully? (15 points)

Meredith (2006) mentioned that selecting a project manager is one of the two most important decision concerning the project. He mentioned the project manager should have credibility and sensitivity. However, in other books mentioned that PM not only should have credibility and sensitivity but also vision, courage, integrity, and discipline

The Project Management Professional (PMP) is one of the few certification categories where bonus pay is still climbing upward. “Bonus pay awarded to PMP certificate holders grew by 15% in the second quarter (Moad, J. (2003)”. “At least, it is when you 're talking about bonus pay or impressing hiring managers. After all, there 's nothing like the letters "PMP" (Project Management Professional) plastered on a resume to catch some attention”. While the PMP certification is marketed to professionals holding college degrees, the question remains unanswered, is if fair to say, “professionals meeting the academic qualifications, can in fact, pass the PMP exam”? It depends on how bad they want it.

i. Speed has become a competitive advantage; more and more organizations are relying on cross-functional project teams to get new products and services to the market as quickly as possible.

MedDev is looking to streamline their resource planning across various departments in order to support their global growth and cut costs. In order to achieve this business objective, they are undertaking ERP Implementation as a Key project which involves largest investment MedDev has ever done as a single project. Thus success of this project is of prime importance to them.

In order to run a project, the manager needs support with different things such as resources, tools and methodologies.