Identify Between Four And Seven Factors That Affect Contemporary Projects.

2398 words - 10 pages

Project 2

Project 2Identify between four and seven factors that affect contemporary projects.2105 wordsExecutive SummaryThis paper discusses the meaning of Project Management as discussed by Meredith and Mantle of our Management text book. "Projects are large-scale, typically expensive, one of a kind endeavor that may require months or years to complete and involve major portions of an organization's resources." Project manager is a manager or management team having responsibility for a project, not a function. Various project managers' types include project manager, commodity manager, project coordinator, project engineer, and brand manager, each having a different degree of authority over a project.Today, project management is in demand, but the emphasis falls more on strategic and environmental implications rather than on the tools of project management. Projects are represented by a work breakdown structure, which may be converted into a network showing relationships among projects activities. Project sequence networks may be summarized into key events or milestone diagrams for senior management review. Program evaluation and review technique (PERT) and critical path method (CPM) are two important tools managers use. PERT and CPM group activities into four phases: project planning and sequencing, time estimating and analysis, project scheduling, and reporting and updating. A successful Project Manager must simultaneously manage the four basic elements of a project: resources, time, money, and most importantly, scope. To excel at this position an individual must have great communication and interpersonal skills, attention to detail, and strong analytical skills. In conclusion, a project manger's effectiveness or lack of is the determining factor as to whether a project will complete successfully. The following is a summary of my understanding about the principles of project management.Table of ContentsExecutive Summary 2 INTRODUCTION 4 PROJECT MANGEMENT 101 4 ARGUMENT AGREEMENT 5 LESSONS LEARNED 6 EXPLANATION OF A PRACTICAL APPLICATION 7 CONCLUSION 8 REFERENCES 9 INTRODUCTIONThe humans are always aiming for the zenith, no matter how hard it seems to achieve the target, but the zest, will power, capability, sagacious nature and determination has developed uncanny habit for the humans to hit the bull's eye. The technology has transformed the lives of human beings as the quality of life has improved and the new avenues are always at the disposal of the humans. The ancient times, when the mankind was lacking any formalized technological structure, even then the marvels of humans speak out for its glory. The Great Wall of China, Pyramids of Egypt is collective effort of human toil and brain. What distinguishes these ancient artefacts? One thing could be said that these are of utmost quality. It is the quality of these marvels which has helped them to with stand the onslaught of time. Thus quality is the...

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