MGT 437 Week 1 Individual Assignment - Project Management Paper
MGT 437 Week 1 Individual Assignment - Project Management Paper
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Date Created: 11/05/15
Running head Project Management Paper Project Management Paper MGT437 March 22 2010 Patricia Dues Project Management Paper 2 Project Management Paper A project can be a Wide variety of activities According to Kerzner 2006 a project can be considered to be any series of activities and tasks that have a specific objective to be completed Within certain specifications has defined start and end dates has funding limits if applicable consume human and nonhuman resources ie money people equipment and are multifunctional ie cut across several functional lines p 2 Remodeling a home restructuring an organization opening an additional business location purchasing new equipment etc are all considered projects Each of these projects Will have an objective defined start and ending dates funding limits consume resources and are multifunctional Project management is the planning organizing directing and controlling of company resources for a relatively shortterm objective that has been established to complete specific goals and objectives Kerzner 2006 p 4 Planning organizing directing and controlling recourses during a remodeling of a home is project management First you must plan laying out the desired outcome project start and end dates materials projected costs Second organize the materials and labor the delivery and installation of any materials along With any necessary labor force Third direct the project assuring that the project is according to plan Within budget and Within start and ending dates Project management is necessary When undertaking most any project regardless if it is a large organization project or a small home remodeling Phases of the Project Lifecycle and Their Purposes According to Kerzner 2006 there are five basic phases of the project lifecycle Embryonic Phase Executive Management Acceptance Phase Line Management Acceptance Phase Growth Phase and Maturity Phase The project lifecycle is like a ladder in that each step must be taken in order to reach the top or ending result Project Management Paper 3 The first phase of the project lifecycle is the embryonic phase usually takes place at lower and middle levels of management During this phase the organization recognizes the apparent need for project management Kerzner 2006 p 43 The purpose of the embryonic phase is for an organization to recognize the need benefits applications and what must be done for project management The embryonic phase is the first and most important phase in the project lifecycle The second phase of the project lifecycle is the executive management acceptance phase This phase is where executives are informed for the need and assess the situation According to Kerzner 2006 there are six driving forces that lead executive to recognize the need for project management p 44 These six forces are capital projects customer expectations competitiveness executive understanding new project development and efficiency and effectiveness The purpose of this phase is visible executive support executive understanding of project management project sponsorship and readiness to alter the way of doing business The third phase of the project lifecycle is the line management acceptance phase The purpose of Line Management Acceptance Phase is line management support line management commitment line management education and willingness to release employees for project management training It is highly unlikely that any line manager would actively support the implementation of project management without first recognizing the same support coming from above Kerzner 2006 p 46 The fourth phase of the project lifecycle is the growth phase In this phase the organization becomes committed to the development of the corporate tools for project management Kerzner 2006 p 46 Including project management methodology for planning scheduling and controlling and selection of appropriate supporting software In addition another purpose for the growth phase is the minimization of creeping scope which is the project Project Management Paper 4 management term for the size of a project Scope can creep in that the project grows little by little until the project is much larger than anticipated Starting with a statement of scope will assist in preventing creep The fifth and final phase of the project lifecycle is the maturity phase The purpose of this phase is the development of a management costschedule control system integrating cost and schedule control and developing an educational program to project management skills In the Maturity Phase the organization begins using the tools developed in the previous phases and must be totally dedicated to project management A reasonable project management curriculum must be developed by the organization to provide the appropriate training and education in support of the tools Kerzner 2006 p 46 Importance of Project Management Kerzner 2006 notes project management is designed to make better use of existing resources by getting work to ow horizontally as well as vertically within the company p 4 Using project management allows accomplishing more work in less time with fewer people Profitability will increase because work is being finished in less time and less labor The organization will be more efficient and effective through better organizational behavior principles In addition project management will allow working more closely with our customers and giving the company the means for solving problems Within the company it can help with the control of change Using project management will do good to benefit all projects Internally it will increases quality reduce power struggles helps people to make good company decisions delivers solutions and most importantly it will increase a company s business Kerzner 2006 lists the following benefits of project management 0 Project management allows us to accomplish more work in less time with fewer people Project Management Paper 5 Profitability will increase 0 Project management makes the organization more efficient effective through better organizational behavior principles 0 Project management will allow us to work more closely with our customers 0 Project management provides a means for solving problems 0 All projects will benefit from project management 0 Project management increases quality 0 Project management will reduce power struggles Project management allows people to make good company decisions 0 Project management delivers solutions 0 Project management will increase business p 47 In conclusion the project lifecycle refers to a logical sequence of activities to accomplish the project s goals or objectives A project goes through various phases during its lifecycle Embryonic Phase Executive Management Acceptance Phase Line Management Acceptance Phase Growth Phase and Maturity Phase As defined herein project management is important and makes better use of existing resources allows the accomplishment of more work in less time and the organization will be more efficient Project Management Paper Reference Kerzner H 2006 Project Management a Systems Approach to Planning Scheduling and Controlling 9th ed New York NY Wiley Excellent job With the paper You addressed each of the requirements of the assignment and provided some good examples to support the discussion Your paper meets APA requirements Very well written and a pleasure to read Total points 10 points
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