BEST PRACTICES OF SUCCESSFUL VS. UNSUCCESSFUL PROJECT
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...