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Project Management Paper

1099 words - 4 pages

Running head: Project Management Paper PAGE 1 Project Management Paper PAGE 6
Project Management PaperMGT/437March 22, 2010Patricia DuesProject Management PaperA project can be a wide variety of activities. According to Kerzner, 2006, a project can be considered to be any series of activities and tasks that have a specific objective to be completed within certain specifications, has defined start and end dates, has funding limits (if applicable), consume human and nonhuman resources (i.e., money, people, equipment), and are multifunctional (i.e., cut across several functional lines) (p. 2). Remodeling a home, restructuring an organization, opening an additional business location, purchasing new equipment, etc are all considered projects. Each of these projects will have an objective, defined start and ending dates, funding limits, consume resources, and are multifunctional.Project management is, "…the planning, organizing, directing, and controlling of company resources for a relatively short-term objective that has been established to complete specific goals and objectives" (Kerzner, 2006, p. 4). Planning, organizing, directing, and controlling recourses during a remodeling of a home is project management. First, you must plan; laying out the desired outcome, project start and end dates, materials, projected costs. Second, organize the materials and labor; the delivery and installation of any materials, along with any necessary labor force. Third, direct the project; assuring that the project is according to plan, within budget, and within start and ending dates. Project management is necessary when undertaking most any project, regardless if it is a large organization project, or a small home remodeling.Phases of the Project Lifecycle and Their PurposesAccording to Kerzner, 2006, there are five basic phases of the project lifecycle; Embryonic Phase, Executive Management Acceptance Phase, Line Management Acceptance Phase, Growth Phase, and Maturity Phase. The project lifecycle is like a ladder, in that each step must be taken in order to reach the top, or ending result.The first phase of the project lifecycle is the embryonic phase usually takes place at lower and middle levels of management. During this phase, "the organization recognizes the apparent need for project management" (Kerzner, 2006, p. 43). The purpose of the embryonic phase is for an organization to recognize the need, benefits, applications, and what must be done for project management. The embryonic phase is the first and most important phase in the project lifecycle.The second phase of the project lifecycle is the executive management acceptance phase. This phase is where executives are informed for the need and assess the situation. According to Kerzner (2006), "…there are six driving forces that lead executive to recognize the need for project management" (p. 44). These six forces are capital projects, customer expectations, competitiveness, executive...

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