Project Management Execution in My Organization Essay

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Project Management

(a) How can effective project management help your department?

Effective project management can be of significant help to the department. First of all, project management can help the department in controlling spending and enhancing project results. Sticking to project management approaches and strategies facilitates the reduction of risks, cost-cutting and enhanced success rates. Effective project management can stop the department from spending money on projects that bring about failure (Mir and Pinnington, 2014). Secondly, project management can help the department in attaining competitive advantage. Executing project management in the department helps in the creation of a strategic value chain on its rivals. Having the ability to deliver projects in a timely manner and within the budget will help the department in getting more tasks and handling more responsibility (Mir and Pinnington, 2014). Project management will be also be helpful to the department in terms of having measurable outcomes. Effective project management aids in defining the business value of every project in measurable terms prior to shifting from the exploration phase into the planning phase. This helps focus the department on the end goals and objectives of the project and offers different metrics to measure return on investment. Therefore, the department will not invest or delve into projects that are not linked to business outcomes (Mir and Pinnington, 2014).

(b) What does it mean to follow a project management framework?

Project management framework takes into account an amalgamation of processes, tasks and implements used to transition a project from beginning to end. Following project management framework encompasses going through initiation phase when the project starts to planning when all of the main decisions are undertaken to execution when the project work in actual fact takes place. The subsequent phase in the process includes controlling when any kind of adjustments are made to the project plan to monitoring when there is checking of the project progress and termination when the project comes to an end. Project management framework permits the utilization of different methodologies as well as approaches to plan and schedule the key phases of the project lifecycle. The fundamental notion of following the project management framework encompasses the creation and sharing of a clear understanding of the basis of a project and sharing such understanding amidst all stakeholders. This conception is usually tracked by all of the stakeholders through the course of the entire management lifecycle and therefore the project will be achieved in accordance to a selected approach and rendering anticipated outcomes (Larson and Gray, 2011).

(c) How does a project manager deal with conflict?

Project managers normally deal with conflict, not only internally but also externally. In accordance to Pinto and Kharbanda (1995), there four stages in the conflict process and these comprise of frustration, conceptualization and orientation and interaction and outcome. In this regard, there are different styles that can be employed by project managers to deal with conflict and these include compromising, competing, collaborating, accommodating and avoiding.

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More imperatively, there are three key approaches for conflict resolution that can be utilized by project managers and these include completely avoiding or evading the conflict, defusing the conflict or making use of confrontation to ascertain the causes of the conflict, more often than not by mans of problem-solving meetings (Pinto and Kharbanda, 1995).

(d) What is the process to risk identification? What is the value?

Risk identification is of great value to project management. Notably, risk management in the project is imperative to as to manage and finish the project in a successful manner. The earlier the risk is able to be identified, the earlier the plan can be undertaken to alleviate the impacts of the prospective risks. Risk identification is an iterative process, and therefore the whole project team ought to…

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…the close project is undertaken when the project is eventually completed and the deliverables are accepted by the client. It is important to take not that the finish the close project, then the close procurement process must have been finished otherwise the project closure cannot take place. Nonetheless, it is dissimilar for close procurement practices where the project closure process is not necessitated to finish the close procurement process (Project Management Institute, 2004).

(i) When is it best to use Agile project management instead of the traditional waterfall approach?

The traditional or waterfall approach to project management focuses firmly on comprehensive planning up front. The justification is that if a project manager plans, executes the plan and takes counteractive action on deviances from plan, there is a high likelihood of success. In contrast, Agile project management is dependent on incremental, iterative development cycles to finish projects. This approach is suitable for exploratory projects in which requirements have to be revealed and new technology verified. It lays emphasis on active collaboration between the project team and consumer reps, breaking projects into small functional pieces and making an adaptation to altering requirements (Larson and Gray, 2011). As pointed out by Sureshchandra and Shrinivasavadhani (2008), agile is an iterative, team-based methodology to development. This approach lays emphasis on the speedy delivery of an application in wide-ranging functional constituents. Instead of generating tasks and schedules, all time is “time-boxed” into stages called “sprints.” Every sprint has a well-defined period with a running list of deliverables, scheduled at the start of the sprint.

(j) Include at least 6 reputable sources that the team members can access for additional information

There are different reputable sources that team members can gain accessibility to for additional information. These comprise of the following:

1. Project Management Institute

2. International Journal of Project Management

3. The Journal of Modern Project Management….....

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