...Project Management Paper MGT 437 October 24, 2011 Michael Koma Project Management Paper Before anyone can understand what it is to manage a project, he or she must first understand what a project is and how it goes through its lifecycle. This paper will help the reader understand not only what a project is, but also how each phase of the lifecycle comes into play. It will conclude by explaining to the reader why it is important for organizations to use project management to accomplish tasks. What is a project? A project can be simply explained as a set of tasks that need to be accomplished for a particular goal. A little more complicated explanation is that a project is a set of tasks that exist to produce deliverables. So, what is it that makes up a project or how does an organization determine they have a project to complete? There are several questions that if they are answered correctly show an organization that they do have a project. For example, do they have something that has a specific objective to be completed within certain specifications or do they have something that needs to be completed with a defined start and end date. If a company comes to determine that they do have a project, then they must set up a project manager and a team. The project manager will have the task of ensuring that the phases of the project lifecycle are completed within the time frame that the company has given him or her. There are four basic phases to...
Words: 1067 - Pages: 5
...Lifecycle Project Management Approach Successful projects and campaigns result from quality stakeholder engagement, research, insight, careful planning, implementation, and constant adjustments based on feedback. We approach all projects from a project lifecycle perspective, with most projects following a series of interdependent stages. Typically, these stages include understanding, planning, designing, implementing, and concluding. There is a time and place for each product and service. Within each stage, projects may require any combination of management, research, creativity, training, and technical services. When we approach each project, we assess which project lifecycle stages will be required, and then we combine the best combination of services, products, and people for that stage. Recognizing there are no “one size fits all” solutions, we tailor each project to suit our clients’ individual needs and unique operating environments. Since all our products and services are aligned with the lifecycle stages, we offer the right support, at the right time, focused on the right goals. Project lifecycle stages 1. Understanding Solid projects and campaigns begin with quality research and insight. This can include audience, product, competitor, and stakeholder research. The insights gleaned at this stage are used for the strategic planning, design, and implementation stages. Moreover, any baseline data may be used for pre/post comparisons within the final evaluation. ...
Words: 878 - Pages: 4
...Business Project Management MODULE 26340 Module Leader: Dr Ashish Dwivedi Submission date: Monday 02.02.09 Describe the main phases of the project lifecycle. Critically discuss where in this lifecycle failures may occur and explain how effective project management might reduce their likelihood. 1.0 Introduction Projects are being born all around us and can be found in every facet of life – they can range from say the relatively simple task of organising and executing a dinner party to mega projects such as the construction of the Channel Tunnel. This paper aims to investigate some fundamental questions relating to the make –up of the project lifecycle, failures that can occur within it and the effect that good project management has on delivering project success. 2.0 Describe the main phases of the project lifecycle. By implication, whether it be a dinner party or the complex development and construction of the Channel tunnel, the ‘project process’ follows the same route and to this end definable stages can be assigned to the task – these stages are referred to in combination as ‘the project life cycle’. As such the project life cycle, according to the PMBOK (2004), “defines the phases that connect the beginning of a project to its end” (2004, 19). Each of these phases can be referred to as a primary phase and they can be managed independently of each other. At this point, Baynon- Davies (2002) concurs with the PMBOK, advocating that each primary phase can then be broken...
Words: 2495 - Pages: 10
...Luxor Technologies 1. Can the impact of one specific risk event, such as a technical risk event, create additional risks, which may or may not be technical risks? Can risk events be interrelated? The technical risks categorized in Exhibit I related with scientific research requirements and state-of-the-art advancements are a potential risk to other areas of the firm’s processes. If those risks are not adopted, Luxor’s manufactured products will not meet the marketing requirements. All risks that accompany the improvements, whether they may be “linked” to technological or developmental “breakthroughs” can determine Luxor’s outcome. 2. Does the list provided by marketing demonstrate the likelihood of a risk event or the impact of a risk event? The list prepared and provided by marketing demonstrates the potential impact Luxor will bear if they misplace their competitive edge; thus concluding a serious threat to Luxor’s growth and even survival, by way of, being required to provide outside vendors with proprietary information. 3. How does one assign probabilities to the marketing list? The marketing list of separate entities presented to management is simply a scenario analysis. In order words, no qualitative analysis was applied, the list stems from one potential risk, such as the fear of no longer being the leading technology-driven company. 4. The seven items in the list provided by engineering are all ways of mitigating certain risk events. If the company...
Words: 842 - Pages: 4
...* Analyses of the case study (By method of comparison) * Projects * Product development * Production * operation * Marketing * Analysis of the projects (summary): * Question 1 * Question 2 * Question 3 Case study Breakdown of case study Jennifer Childs is the CEO of a mid-sized global pharmaceutical company that has offices and manufacturing plants in 8 countries. The company is moving in to new markets moving to a globalized company trend. The pharmaceutical company is experiencing and highly profitable year with $ 2 000 000 above projected profit margin. The focus is to use above profit for reinvestment into the company The CEO Jennifer Childs meets with 3 managers of the company to task them to present projects that focus to achieve the mission and vision of the company. The request for personal was given verbally Mission statement (themes) * Reduce cost * increased profit The analyzing method Used is the method where a scenario is established where by the preferred effective and efficient model for success to the requirements is established. This preferred model then is used to compare it to the case study and highlight where problems and issues exists, where by the case study is analyzed and core problems is highlighted Model: The model is based on effective, efficient, cross functional learning organization with core focus on management by projects. The core characteristics of lead, create, implement and improve...
Words: 10213 - Pages: 41
...MGMT-591 Smith Leadership & Org Behavior Case Study The Forgotten Team Member: A Case Analysis Shon Gregory 11-26-2012 Group Development Just as all people go through phases of change in their lifecycle, childhood, adolescence, adult, and old age, teams also go through development/lifecycle phases as well. Depending upon the stage of development that a team is in, issues, challenges, and opportunities should be handle differently. Those phases are Forming, Storming, Norming, Performing, and Adjourning. In our Case Study, The Forgotten Team Member, our team is in the storming phase. By understanding the phases and identifying the current stage that Christine’s team is in, would help Christine in being the Team Coordinator of her class project team. Problem Identification According to our text, the storming stage is characterized by high emotions and tension, it is the most tumultuous period of team the development. Coalitions and cliques start to emerge, individuals start to jockey for positions of status, and obstacles that prevent the team for achieve start to become present. (Schermerhorn 156-157). This true for Christine’s team. Although she was appointed leader of the group, Steve, the businesslike personality, made sure that he was keeping the group on task, a role generally performed by the leader. Mike’s social loafing is starting to make him feel as an outsider to the group, he’s passive-aggressive behavior further emphasizes his outsider status...
Words: 1021 - Pages: 5
...Project Management TABLE OF CONTENT Induction Page 1 Project charter Page 2 Scope management Page 2 Product breakdown structure Page 2 Work breakdown structure Page 4 Baseline documents Page 5 • Cost improvements • Schedule improvement • Process improvement Timeline- GANTT Chart Page 6 Conclusion Page 6 Appendix 1 Project charter Page 7 appendix 2 Scope statement Page 8 Appendix 3 PBS Page 9 Appendix 4 WBS Page 10 Appendix 5 GHANTT Chart Page 11 Appendix 6 Baseline documentation Page 12 Bibliography Page 13 INTRODUCTION A project is a temporary endeavor undertaken to create a unique product or service (PMBOK 2013) The purpose of this report is to analyse importance of project management tools and to evaluate PRINCE 2 lifecycle that has been used in bathroom refurbishment project. The aim of the project is to refurbish 240 bathrooms, involving professional building expertise to deliver project within budget and time constrains. Project objectives are to provide quality rooms and pleasant experience to all guests, increase room standards to 4 star AA and retention rate, to increase room revenue by establishing higher best available rates (BAR) Project motivation is based on social media and GSR guest feedback on bathroom physical evidences. Project budget estimated of £548 000 where brand new fitted and refurbished bathroom...
Words: 1228 - Pages: 5
...Continental Computer Corporation Executive Summary Table of Contents 1. Introduction 4 2. Problem Statement 4 3. Proposed Solution 6 3.1. Structural Change 6 3.2. Research and Development 7 3.3. Stakeholder Management 10 3.3.1 Organisational Levels 11 3.3.2 Communicating with Stakeholders 13 3.3.3 Stakeholder Engagement 14 3.4 Project Lifecycle Management 15 3.4.1 Initiation and Concept Phase 16 3.4.2 Design and Development Phase 17 3.4.3 Execution and Implementation Phase 17 3.4.4 Closure and Termination Phase 17 3.5 Project Management Methodologies 17 3.5.1 Policy & Procedural Issues 18 3.5.2 Guidelines per life cycle phase 18 4. Conclusion 19 5. Glossary 19 6. Bibliography 20 List of Figures Figure 1 - CCC Interdivisional Structure 7 Figure 2 - Project Stakeholders 12 Figure 3 - Project Lifecycle 17 List of Tables Table 1 - Summary of R&D Problems 10 Table 2 - Glossary of Terms 20 1. Introduction The Continental Computer Corporation (CCC) has a number of Structural and Human Resources issues evidenced by the way its three divisions operate and interact with each other, corporate headquarters and customers. The team has been tasked with evaluating the problems and proposing solutions to issues CCC faces. The workings of Lampco, Eton and Ridge division have been investigated and a number of changes have bene proposed. Many of complaints noted in the case study were symptoms of underlying...
Words: 4148 - Pages: 17
...Business Project Management | BTEC L3 Diploma/Ext. Dipl. - Business | | Salindu Sadishan | 7/1/15 | Task 1 This task provides evidence for assessment criteria: P1, P2 and P3 A project is said to be a planned set of interrelated tasks, to be executed over a fixed period and within certain cost and other limitations. There are three basic types of business project. The first is the strategic project. This type of project is focused on achieving objectives determined during the business planning or strategic process. A second type is the operational project. These are projects that are initiated for business reasons other than achieving a strategic objective. For example, a general ledger may have become obsolete. So a business project is initiated in order to implement a new release of the general ledger. The third type is the repeating or operationalized project. These projects run so frequently that much of the regular project planning can be repeated. http://www.pmhut.com/what-is-a-business-project Project Life Cycle Origination Someone proposes an idea worth pursuing and solicits support for the idea in the project origination phase. Costs and staffing needs are minimal at this stage. The project gets sent to a committee for evaluation, and if the idea is selected further commitment to the project progresses, including budget and preliminary needs. If there is a long delay in the project life cycle, it is typically in the origination phase, as...
Words: 2603 - Pages: 11
...To Build or Buy: Making decisions about Infrastructure and Applications Table of Contents Title Page1 Table of Contents2 Executive Summary3 The Asset Management Lifecycle and the Five Decisions4 Asset Lifecycle Management4 The Five Decisions4 Building versus Buying5 Building Software6 Building Pros & Cons6 Buying Software6 Buying Pros & Cons6 Making Decisions7 Ranking and Conclusion8 References10 Executive Summary While rapid advances in technology have opened an almost infinite number of possibilities for today’s businesses, organizations are typically challenged to exploit the latest trends to drive growth and market share. Our study found an important link between effective software development and the ability to successfully capitalize on today’s emerging technologies for competitive advantage. Advances in technology are growing rapidly and organizations are constantly trying to find ways stay ahead in the market and make profits. Organizations are now challenged to either buy off-the-shelf software or build customized software for their company in order to achieve a competitive advantage. Each choice yields its own pros and cons so there is no automatically correct decision. The choice that fits best lies in the goals of the company. In order to decide what is best for your company, the CIO needs to understand what it means to buy and what it means to build. Buying software ensures that the product has been tested and used by others. Therefore...
Words: 2969 - Pages: 12
...MIS Project Management at First National Bank Lessons Learned Report Prepared by: Group B 09-12-2013 Table of Contents 1. Introduction 3 2. Project Overview 4 3. Contributing Factors to Failure 5 3.1. Project Proposal Lifecycle 5 3.2. Planning and Communications 6 3.3. Risk Management 6 3.4. Stakeholder Involvement 7 4. Recommendations 9 4.1. Inter-Departmental / Stakeholders Conflict Management 9 4.2. Effective Planning and Communications Strategy 11 4.3. Shorter proposal lifecycle 11 4.4. Introduction of Risk Management mechanism 12 5. Conclusion 12 6. Bibliography 13 Introduction “Collecting and analyzing successes and failures is a valuable tool to improving performance. This information, once captured, can be used to streamline future projects and ensure a successful launch for the next project or team. Everyone benefits by reviewing past activities and decisions to learn what worked, what didn’t, what can be changed, and what must be managed”. The following Lessons Learned report has been concluded by applying the formal project management knowledge to case study of MIS project at First National Bank. This document will depict project management failures and their causes and use them to generate recommendations by identifying new approaches/improvements. The first part of the report is an overview of the project and analysis of its factual background information. Project stakeholders will be...
Words: 2626 - Pages: 11
...* Table of Contents 1 Introduction 2 2 The meaning of “project” 2 3 Project stakeholders 4 4 Meaning of project management 5 5 Factors influence on project 5 6 Project management theory 6 7 Project Management Tools and Technique 7 7.1 Cost benefit analysis (CBA) 7 7.2 Gantt chart 8 7.3 Work breakdown structure (WBS) 9 8 Project management software (PMS) 10 9 TQM 11 10 Critical Path Method (CPM) 11 11 Management by Objectives 11 12 Conclusion 12 13 References 12 14 Bibliography 13 Appendix A : Nine Project Management Areas 14 Appendix B : Project lifecycle 17 Appendix C :Common project Management tools and Techniques 19 OVERVIEW OF PROJECT MANAGEMENT TOOLS AND CONCEPTS IN A HOSPITALITY & TOURISM ORGANIZATION Introduction Project management (PM) facilitates to a structured approach to managing projects for project managers. PM reduces risk and provides assurance by providing tools at the same time environment to plan, observe, track, and deal with schedules, quality as well as resource.PM can be applied into both soft and hard projects such as personnel projects, IT, construction, finance, sports, and event planning, HR etc. Project management gives advantages like; a. Better control of financial, physical, and human resources b. Improved customer relations c. Shorter development times d. Lower costs e. Higher quality and increased reliability f. Higher profit margins ...
Words: 3872 - Pages: 16
...TRIDENT UNIVERSITY INTERNATIONAL ITM 423: System Acquisition, System Development and Project Management Module 2: IT Organizations, Projects and Project Life Cycles Session Long Project May 2014 Term June 08, 2014 Assignment: Confirm your software choice, review specifics on D2L (Learning Environment, Learning Repository and Analytics Modules and finally use your individual software to develop an initial high level plan with respect to the D2L modules you have just reviewed. * Prepare a 2-3 page paper summarizing your activities regarding these three steps and also include your plan design so far. An Analysis of D2L Modules & Basecamp Project Management Software Throughout this Module we have analyzed in detail the various phases in the project lifecycle and for this particular session long project we’re tasked with synchronizing the information we’ve learned so far in the application of real-world software that is used to develop learning management systems. The overall objective for this course will be to create an implementation plan for a new TUI learning management system, and for the students it means comparing and contrasting the features of what their software delivers with respect to what Desire2Learn delivers. However, since the last Module we are now armed with an even deeper understanding of the project phases, such as the Concept Phase, Planning Phase, Development Phase, Implementation Phase and the Closeout Phase from the work we completed...
Words: 1085 - Pages: 5
...Veteran facilities have made a dramatic changed over the past 20 years. The veteran health administration bill was signed on July 21,1930 by President Herbert Hoover. The veteran affairs were created to provide health care services and certain benefits to former military personnel and their dependents. The veteran affairs have three administrative divisions. The divisions are as followed, veteran benefits administration, veteran’s health administration and National cemetery administration. The "Department Of Veterans Affairs" (2016) website. As of today there are 1,700 Veteran hospitals and clinics The "U.S. Department Of Veterans Affairs " (2016). Today veteran hospitals use VistA, which is VA's award winning Health Information Technology (IT) system. It provides an integrated inpatient and outpatient electronic health record for VA patients, and administrative tools to help VA deliver the best quality medical care to Veterans. VistA is also used to manage multimedia for cardiology, radiology and pathology. It is able to provide video clips of each scan as well as images. Veteran hospitals today also use BCMA barcode medication administration system. The BCMA is used when a patient needs medication; each nurse scans the patient bracelet as well as the medication that will be given to the patient to verify this is the correct medication for that patient. Vistas became the instrument of change at the VA in the mid 1900’s and since this change Veteran hospitals and care facilities...
Words: 1642 - Pages: 7
...Version 7.0 August 10, 2011 INTRODUCTION This is a compilation of data lifecycle models and concepts assembled in part to fulfill Committee on Earth Observation Satellites (CEOS) Working Group on Information Systems and Services (WGISS) and the U.S. Geological Survey (USGS) Community for Data Integration Data Management Best Practices needs. It is intended to be a living document, which will evolve as new information is discovered. CONTENTS 1. Digital Curation Centre (DCC) Lifecycle Model 2. Ellyn Montgomery, USGS, Data Lifecycle Diagram 3. FGDC Stages of the Geospatial Data Lifecycle pursuant to OMB Circular A–16 4. University of Oxford Research Data Management Chart 5. NOAA Environmental Data Life Cycle Functions 6. Open Archival Information System (OAIS) Framework 7. USGS Scientific Information Management Workshop Vocabulary 8. Peter Fox Lifecycle Diagrams 9. National Science Foundation 10. NDIIPP Preserving Our Digital Heritage 11. What Researchers Want 12. EPA Project Life Cycle 13. IWGDD’s Digital Data Life Cycle Model 14. Scientific Data Management Plan Guidance 15. Linear Data Life Cycle 16. Generic Science Data Lifecycle 17. Cassandra Ladino Hybrid Data Lifecycle Model 18. Ray Obuch Data Management – A Lifecycle Approach 19. USGS Data Management Plan Framework (DMPf) – Smith, Tessler, and McHale 20. BLM Data Management Handbook 21. ARL Joint Task Force on Library Support...
Words: 6051 - Pages: 25
