Understand The Process For The Management Of A Project - Samples

Question: Discuss about the Understand The Process For The Management Of A Project. Answer: Introduction This report is based on the 10 weeks of study which has been conducted for the understanding of Project Management Methodologies. The subject has helped me to understand the process for the management of a project from the start of the process till the project is signed off to the client. The progress of the project is essential to make the project compatible with the requirement of the client (Serra Kunc, 2015). The phases of theproject management process had been completed and implemented in a project for the complete understanding. The different phases of a project had been studied under the different learning outcomes of the course of study of this subject. The use ofproject management methodologies also has the inclusion of work breakdown structure and financial stability in the work (Joslin Mller, 2015). The report comprises of the three learning outcomes which had been set forward during the initiation of the course. Discussion based on the three learning outcomes has also b een added in the report which would help in the completion of the report. The report also comprises of the reflective summary of the 10 week portfolio which had been compiled during the study. The completion of the subject has helped in the understanding of the process work for the completion of a project and the requirement of the client. Course Learning Outcomes Explain reasons why organisations adopt Project Management Methodologies Projects are unique and unpredictable in every way. All projects come with different requirements. All projects large or small in size needs to be properly managed. Thus it is the work of the project manager to work on the process of implementation of a goodProject Management Methodology for the completion of the task as per the requirement of the client. A proper project management methodology comprises of planning, strategies for effective communication, management of risk, monitoring of the progress of the project and the completion of the task as per the requirement of the project (Kostalova, Tetrevova Svedik, 2015). Apart from these the financial investment in the project is essential for a project to be executed. Management of a team of workers for the project is essential for the completion of project. There may be situation where the workers may not be familiar with one another and in unfamiliar terrain. Evidence The benefits of following a project management methodology are as follows: Effective planning can be compiled for the project can be compiled based on the working process of the project. The planning would also help in the proper maintenance and the follow up of the work related to the project (Lannon et al., 2015). Executing the project as per the requirement of the project. Along with the planning of the project there is the inclusion of proper controlling of the project work. The breakdown of the work for the project helps in the understanding of the responsibilities for the workers of the project. Using the PRINCE2 framework for the project would help in the planning of the project effectively (Schwindt Zimmermann, 2015). If for any problem the project crashes into a risk then the project management methodology would help in the use of effective contingency plan for the project. The use of the methodology also helps in the timely delivery of the project as well as keep the project within the budget of the client. Critically analyse the impact of Project Management Methodologies upon stakeholders Stakeholders can be defined as the group of person or organisation who show an interest in the projects of the organisation in order to gain insight and in turn profit from the project turnover. They can be responsible for the effect on the outcome of the project along with them being effected by the outcome of the project (Kaiser, El Arbi Ahlemann, 2015). It needs to be considered that not all stakeholders of a project are on equal terms with the company. They can be called a part of the same group but would not be affected equally due to the project. A negative impact on the stakeholders can be considered to be when the company decides to cut cost in the project and cut out the stakeholders of the project (Klein, Biesenthal Dehlin, 2015). This can also have a negative impact on the project such as the financial support may fall due to the cut outs. Stakeholders are considered the main source of financial resources for the project that the company is going to undertake. As the sta keholders are directly related to the progress of the project it can be said that they are directly affected with the choice of project management methodology that is selected for the completion of the project. Evidence In the process of improvement of the stakeholders attachment to the project and the management of them an improved procedure has been developed for this with the inclusion of the risk management principles and the management leadership skills for the project. The experience of the project manager along with the proper management of the risk in the project would help in keeping the stakeholders of the project in check for the completion of the project (Hornstein, 2015). It is important for the project manager to be well versed on the theoretical and the risk process of the project in order to achieve success in the project. The theoretical application of the process has been studied from the PMBOK. Explain and justify the major elements of a Project Management Methodology that might meet the needs of an organisation It has been found that there are a series of nine elements which are responsible for the determination of the success factor of the project management implementation (de Carvalho, Patah de Souza Bido, 2015). Each one of the nine elements are essential for the maintenance of the success element of the project. Evidence The nine elements which determine the success factor of the project are as follows: Predefined life cycle and milestone for the project timeline A stable form of requirements as well as the scope for the project. Proper definition of the organisation, system to follow and the roles of each individual in the project before the start of the project (Todorovi? et al., 2015). Assurance of the highest quality of work from the project manager. Planning of the proper amount of commitments during the project duration Analysis of the project progress as well as keeping the track of the project is essential. Taking decisions for the project in the correct form with proper justification. Timely management of the escalations from the client and the issues related to the work that has been done on the project. Authorization of the works for the project and the controlling of the changes required for the project. Discussion And Conclusion Based on the three learning outcomes provided for the completion of this report, has helped in the understanding of the topic of Project Management Methodologies. The explanation of the reasons which has prompted different organisations to adopt to the use of different methodologies for the completion of the project has helped in the understanding of the benefits of the use of the methodologies for the projects (Svejvig Andersen, 2015). The use of the methodologies is recommended for the companies in order to maintain the proper workflow of the system. The use of methodologies would help in the insurance for the planning and the control of the project that has been undertaken and the likelihood of the delivery of the project delivery on time would be met. The methods help in the designing of a road map for the project. The analysis of the impact that is caused on the stakeholders of the project due to the use of the methodologies can be described as the ability of gaining larger pro fit margin for the stakeholders. This can be achieved as there can be less amount of risk related to the project due to the methodologies. The major elements of the project management methods that help in the meeting of the work for the project are the use of proper work breakdown structure and proper financial report for the project (Parchami Jalal Matin Koosha, 2015). Maintenance of work and finance in a project can be said to be the most important aspect for the completion of the tasks. These work if met as per the requirements of the client would help in the completion of the project within the designated deadline and within the budget set for the project. The three learning outcomes has helped in the completion of the work as per the requirement of the study course. From the above report it can be concluded that the report has been able to meet with the requirements of the course of the subject. The learning outcomes has been met during the study for the weeks before. The 10 portfolios provide the best judgement of the theory which has been understood throughout the project course. This report consists of the reflection which has been met from the understanding of the 10 week long portfolio study. The implementation of the different Project Management Methodology can now be implemented in different project as per the requirements of the project. References de Carvalho, M. M., Patah, L. A., de Souza Bido, D. (2015). Project management and its effects on project success: Cross-country and cross-industry comparisons. International Journal of Project Management, 33(7), 15091522. https://doi.org/10.1016/j.ijproman.2015.04.004 Hornstein, H. A. (2015). The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), 291298. https://doi.org/10.1016/j.ijproman.2014.08.005 Joslin, R., Mller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts. International Journal of Project Management, 33(6), 13771392. https://doi.org/10.1016/j.ijproman.2015.03.005 Kaiser, M. G., El Arbi, F., Ahlemann, F. (2015). Successful project portfolio management beyond project selection techniques: Understanding the role of structural alignment. International Journal of Project Management, 33(1), 126139. https://doi.org/10.1016/j.ijproman.2014.03.002 Klein, L., Biesenthal, C., Dehlin, E. (2015). Improvisation in project management: A praxeology. International Journal of Project Management, 33(2), 267277. https://doi.org/10.1016/j.ijproman.2014.01.011 Kostalova, J., Tetrevova, L., Svedik, J. (2015). Support of Project Management Methods by Project Management Information System. Procedia - Social and Behavioral Sciences, 210, 96104. https://doi.org/10.1016/j.sbspro.2015.11.333 Lannon, J., Loufrani-Fedida, S., Missonier, S., Samset, K., Volden, G. H., Todorovi?, M. L., Stellingwerf, R. (2015). Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), 772783. https://doi.org/10.1016/j.ijproman.2014.10.009 Parchami Jalal, M., Matin Koosha, S. (2015). Identifying organizational variables affecting project management office characteristics and analyzing their correlations in the Iranian project-oriented organizations of the construction industry. International Journal of Project Management, 33(2), 458466. https://doi.org/10.1016/j.ijproman.2014.06.010 Schwindt, C., Zimmermann, J. (2015). Project management and scheduling. Handbook on Project Management and Scheduling Vol. 1. https://doi.org/10.1007/978-3-319-05443-8 Serra, C. E. M., Kunc, M. (2015). Benefits Realisation Management and its influence on project success and on the execution of business strategies. International Journal of Project Management, 33(1), 5366. https://doi.org/10.1016/j.ijproman.2014.03.011 Svejvig, P., Andersen, P. (2015). Rethinking project management: A structured literature review with a critical look at the brave new world. International Journal of Project Management, 33(2), 278290. https://doi.org/10.1016/j.ijproman.2014.06.004 Todorovi?, M. L., Petrovi?, D. ?., Mihi?, M. M., Obradovi?, V. L., Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), 772783. https://doi.org/10.1016/j.ijproman.2014.10.009project-management-journal