Project Management Assignment Example | Topics and Well Written Essays - 2750 words

Project guidance - Assignment ExampleThe paper Project precaution investigates proposal management. This are every signs of the poor or no assure management. However, it seems unfair that all the burden of failure falls on a individual(a) person Project Manager but it is how and why the project are managed to address the real vivification issues to bring betterment to humanity. Project dope fail, even with the best intentions, if not planned and managed properly. Besides, unprecedented situations can occur if the project manager and his team have not carried out a thorough essay management planning. These reasons signify the importance of the project management and consequences of initiating a project without such efforts. Project Management Institute in its PMBOK defines a project as a temporary endeavor with a offset printing and a definite end that creates a unique product, service or results and is progressively elaborated. Lawson and greyish soaringlight major charac teristics of a project as Defined and clear objective Definite and know starting and end Involvement of other departments, professionals and experts Unique as never done before Has requirements of time, cost, stage setting and performance. Project management is an effort to produce the sought after results or deliverables in a number of varied ways of execution all reaching towards the end objectives. Project management includes clearly defining objectives, establishing requirements, managing counterpoint resource priorities, balancing the requirements of challenging stakeholders. and team members while endeavoring to achieve cohesion towards common purpose. Managing projects in a systematic way result in cost effectiveness, mitigation and elimination of risks involved, higher productivity towards accomplishing the desired end objectives. These benefits necessitate a well- structure and scientific approach towards managing the project without which organization would find is di fficult to dally the multifaceted challenges presented by the modern era of globalization. Without such an approach, it would be impossible for organizations to manage and deliver the project within defined and concord upon constraints of time, cost, quality and scope in current competitive business environment. In more simple words, there is a requirement of established modeling that is well recognized and agreed upon. In this context, organizations can benefit from the sequenced activities and task dependencies identified in the PMBOK and other related journals to create a structured approach to project management by achieving control over project environment, ensuring the end project deliverables while managing the triple constraints. Triple constraints are the competing and challenging requirement of time, scope and cost demanding a high priority on project managers to do list. The absence of such a structured approach would lead organizations in a volatile and disordered sit uation where they would have little or no control. Project management is a vast topic and is difficult to concisely provide all the definitions, terms and terminologies within few pages. It is critical to understanding that project management provides organizations with a structured framework of