This website uses cookies to ensure you have the best experience. Learn more

Project Management Essay

2534 words - 11 pages

BEST PRACTICES OF SUCCESSFUL VS. UNSUCCESSFUL PROJECT
MANAGER

Project management is a very important powerful tool and technique used in firms for starting projects and completing goals. Project management is a process that entails, initiating, planning, executing, controlling and finishing a particular plan or project. As projects are increasingly becoming part of the daily business of many companies, they recognize the need for well-trained project managers with the capabilities of delivering complex projects successfully. Project Managers operate in firms of all sizes that is continuously faced with product development, ...view middle of the document...

A PM’s failure to recognize the goal and vision of the project by not having a clear understanding as to what is to be achieved will ensure an unsuccessful project. Goals and statements should be specified in tangible terms. The PM must realize the importance of understanding the end purpose of the project and when it has been accomplished.

It is important for them to encourage his/her team to share a common interest in the vision of a project. PM must have the ability to be strategic and maximize the efforts of those on his or her team. According to the article “ J.C. Penny’s New CEO is Gradually Eliminating Any Trace Of His Predecessor” it shows an example of Top-down decision-making and how they failed to engage effectively with front line staff that understood the customer better. J.C. Penny appointed a new CEO that was an Apple executive who was responsible for the development of many successful Apple stores, because they experience years of financial disappointment.

He immediately tackled the difficult issue of pricing which easily undercut profits. In place of coupons and ongoing sales, they adopted new pricing strategies that resulted in unimpressed customers; most items rarely went on sale and customers had difficulty identifying discounted items; J.C. Penny experienced the worst quarter in retail history in 2012, resulting in firing the new CEO and reinstating its prior CEO; he is gradually eliminating any trace of his old predecessor (www.huffingtonpost.com).

Knowledge, Skills and Expertise:

A good PM acknowledges how imperative it is for them to employ the appropriate management techniques to make certain that all systems of the project are in place. The PM’s scope of interest is the achievement of work and delivery of the project. A project manager that has poor early decision-making skills is critical to the success of a project. PM’s who has a general understanding of issues and concerns with a broad spectrum of expertise could make an effective project manager; and depending on the particular project, specializing in technical knowledge could be more feasible than a generalist. There are significant benefits for a PM to have technical knowledge; it gives the PM the advantage to have a better understanding of a situation that is needed for technical details (i.e. software development/ engineering/electronics manufacturing).

A PM that have the technical skillset to examine technological challenges has the ability to help the team maintain focus and develop effective solutions; which gives them an advantage of ensuring that the overall project goals are met. They use hard data, numbers and facts to make decisions, have a narrow discipline of in-depth knowledge, think more linear, and focuses attentively on a specific task. Although a PM generalist is proficient and poses many competencies and able to do all the general task in the area of project management, the PM that possess both skills...

Other Papers Like Project Management

Project Management Essay

1371 words - 6 pages [pic] Project management --- Assignment 1 Student name: Sichen Zhou Student ID: 13207637 Date: 04/09/2014 Table of contents 1. Importance of project management……………………………………………2 2. The roles of project management….......………………………………………2 3. Recommendations…………………….……………………………………….3 1. Understand PM’s role…………….……………………………………….4 2. Be objective about threats

Project Management Essay

651 words - 3 pages Leading Team- Part One Jacqueline Sala-Grajales Capella University 4090-Project Management 01/12/2012 Leading Team-Part One Yahoo was the search engine used to research the project management tools and skills associated with leading teams. The following are the five links that were explored and its contents. 1. Project Management Competence: Building key Skills for Leading a Team According to Davidson Frame (1999), “Successful

Project Management

2510 words - 11 pages Business Project Management MODULE 26340 Module Leader: Dr Ashish Dwivedi Submission date: Monday 02.02.09 Describe the main phases of the project lifecycle. Critically discuss where in this lifecycle failures may occur and explain how effective project management might reduce their likelihood. 1.0 Introduction Projects are being born all around us and can be found in every facet of life – they can range from say the relatively simple

Project Management - 645 words

645 words - 3 pages What are some of the principal reasons why Project management has become such a popular tool in recent years? Project Management has become a very essential and popular business tool in recent years. Every successful project must have a person in charge to keep the project organized. Project management includes areas in integration management, scope management, time management, cost management, quality management, human resource management

Project Management - 969 words

969 words - 4 pages PC Training & BUSINESS CoLLEGE FACULTY OF MEDIA, INFORMATION & COMMUNICATION TECHNOLOGY DIPLOMA IN INFORMATION TECHNOLOGY [2 YEARS] IT PROJECT MANAGEMENT 600 1ST SEMESTER ASSIGNMENT Name & Surname: _________________________________ ICAS No: _________________ Qualification: ______________________ Semester: _____ Module Name: __________________________ Date Submitted: ___________ ASSESSMENT CRITERIA | MARK

Project Management - 969 words

969 words - 4 pages approach on the company’s next project. Your short presentation (written) should consider the following: 1.1 Explain what project management is, and why it is different to other forms of management. 1.2 Explain how project management can be applied to your company’s projects. 1.3 Point out the trend towards professional project management and your local project management society/ association who are supporting certification. 1.4 Outline

Project Management - 2407 words

2407 words - 10 pages + PROJECT MANAGEMENT Fundamentals + Definitions A project ?  Unique A start  An end  Deliverables  Resources  Environment + Let’s drill down… OPERATIONS PROJECT PROGRAM PORTFOLIO + Key parameters SCOPE + Recipe - Skilled individuals, with an approved & supported mission. - Usage of a structured & shared methods - Usage of iterative processes to deliver expected deliverables

Project Management - 3413 words

3413 words - 14 pages Examination Paper of Certified Project Management Professional IIBM Institute of Business Management Examination Paper MM.100 Certified Project Management Professional Guidelines for paper • • • • Total No. of Questions is 100. The minimum passing marks is 50%. Each Question carries 1 mark. Answer all the Questions. Multiple Choices: 1. A_______ is a temporary endeavor undertaken to create a unique product, service or

Project Management - 5064 words

5064 words - 21 pages Project Management-C101 Section A Part One: 1. C) Project 2. C) Lower cost of capital 3. D) Projects involve little uncertainty 4. C) Meeting communications goals 5. A) Proposal 6. A) Project Management 7. A) Strategic, tactical 8. B) Program 9. D) Technical skills 10. B) Process Part Two: Q1. Project management is a one-time carefully planned and organized effort to achieve a specific goal

Project Management - 697 words

697 words - 3 pages Project Management 1. Discuss the primary function of a project plan. According to the Project Management Book of Knowledge, the project plan is "...a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A

Project Management - 538 words

538 words - 3 pages gem Article Critique : Best Practices in Project Management Deborah A Midkiff Columbia Southern University Project managers are typically responsible for every detail of a project from beginning to end. They must oversee the from the beginning sale to the final installation to ensure all costs and delivery targets are realistic and met. The main point of the article by Joan Engebretson discussing

Related Essays

Project Management Essay 745 Words

745 words - 3 pages 1. Today there is renewed interest in field of project management. One of the biggest reasons for this is that technology is ever changing. Just when a company feels like they have caught up to the recent technology, it evolves and leaves them behind. Businesses are trying to keep ahead of the changing times and are having to think fast and adapt to the fast moving changes. These changes are bringing about a greater need for project management

Project Management Essay 1136 Words

1136 words - 5 pages  Project Management Paper MGT 437 November 3, 2014 Project Management Paper Introduction To realize what a project entails or how to manage a project an individual must first comprehend the entirety of its lifecycle. The following paper will discuss and define the contents that are involved in project management. In addition it will emphasize the importance of project management being utilized by the organization. I will

Project Management Essay 1235 Words

1235 words - 5 pages Project Management Domenick Poncin MGT/437 April 20, 2015 Jenny Kirgis Abstract Projects and their life cycle are used across all types of businesses across the world. Projects are used to solve problems ranging from large to small. All projects demand resources, time, staffing and budget to complete. The stages of a project include, but are not limited to, conception, planning, launch, control, and closure to ensure a

Project Management Essay 580 Words

580 words - 3 pages elaboration refers to a project management technique within which the project set up is regularly changed, elaborated and improved as newer info becomes offered. Progressive Elaboration unendingly details a thought and specific info and a lot of correct estimates become offered because the project progresses, manufacturing a lot of correct and complete plans that result from the sequential iterations of the design method. Progressive elaboration