Project Management the Objective of Term Paper

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The reasons for optimization of the project plan are to save time, to save money and to save in over-allocation of human resources to the project. Management of people, processes, and performance is critical in project management success. According to the work entitled: Integrated Project Management Optimization:

"In this case the decision space is confined by the restricted human capacity and the candidate architectural solutions. The well-known limits are the development capacity, the available cost, the required quality, the dependability etc. The real task is to find the optimal scheduling of the work to keep the given time limits, or to realize the optimal allocation of the human capacity to reduce the cost of the project. Our aim is to trace this problem back to combinatorial optimization." (Doban, 2005)

The following illustration demonstrates the different aspects of project management that must be considered by the project manager:

Source: Project Management Online available at: http://www.bit.umkc.edu/burris/pl/project-management/

VI. Charts and Benefits

Organizational charts may be used by project managers so as to order the progression of processes within the project. Charts that may be utilized by the project management are listed as follows in the chart below labeled Figure 1.0:

Figure 1.0

Source: Archibald (2004) Online available at: http://www.maxwideman.com/guests/stateofart/models.htm

VII. Measurement of Goals and Three Critical Dimensions

Three parameters which the project manager will work with in measuring goals are the dimensions listed as follows in the chart below labeled Figure 2.0:

Figure 2.0

Source: Archibald (2004) Online available at: http://www.

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The reason behind the design and documentation of the project life cycle process are to assist all individuals that are involved in creation, planning and execution of projects to grasp an understanding of the process or plan to be followed during the project's life. Furthermore reasoning is for capturing the "best experience within the organization so that the life cycle process can be improved continually and duplicated on future projects." (Archibald, 2004) Finally, reasoning behind design and documentation is the enabling of all of the roles and responsibilities in the project as well as the "project planning, estimating, scheduling, monitoring and control methods and tools, to be appropriately related to the overall project life cycle management process." (Archibald, 2004)

Summary and Conclusion

Project management ensures that all involved are working on the same timetable, with the same goals in mind and that all are following the same process design. Project management is a process that is ongoing throughout the entire project with the project manager in the lead to make sure that projects run in a smooth manner and are completed correctly, efficiently and in a timely manner......

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