Project Management Theories Traditional Theories Term Paper

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In addition to this, the event chain methodology is used in counteracting the effects of different biases. This model also requires the use of Gantt charts.

The thermostat model is a model of management control that is based on performance standards, performance measured at the output, and the difference between standards and measured values is used for correcting the process in order to reach the established standards (Koskela & Howell, 2002). The management as planning theory is represented by the operational level management referring to creation, revision, and implementation of plans. This theory focuses on the relationship between the project's actions and the objectives of the company. The dispatching model refers to the fact that the activities and tasks planned in project management can be performed based on the project manager's approval.

The PRINCE 2 theory is a project management approach based on different methodologies developed by IBM. The objective of this model is represented by developing procedures intended to manage human resources and activities in different projects, supervising the project, and managing different modifications if required.

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In addition to this, the technique improves communication within the project.

Process-based managed is another important project management theory. In this case, projects are managed based on ISO, software programs, and others. This project management technique focuses on capability estimation. The Agile project management theory is developed in accordance with the principles of human interaction management. Therefore, this project management technique focuses on the human resources involved in the project. The objective of these project management theories are represented by increasing the efficiency and productivity of the company.

Reference list:

1. Koskela, L. & Howell, G. (2002). The Theory of project.....

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