Project management approach and philosophy, Other Management

Project Management Approach and Philosophy

A philosophy is an outlook or a way of thinking about the field of application. A project management philosophy reflects the way an organisation performs its work methodically. It is valuable to develop a project management philosophy.

Let us first understand what constitutes a project

A  project  is  a  combination  of  organisational  resources  put  together  to develop a product or service which enhances the performance capability in the design and execution of organisational strategies. Let us now discuss some of the characteristic of a project.

  • Projects are the principle means to deal with organisational changes.
  • Projects are used to bring changes in an organisations products, services or processes.
  • Every project has a specific objective with regards to cost, schedule and technical performance capability.
  • Completion of a project should increase operational and strategic capability of the organisation.
  • The life cycle of a project starts with emergence of an idea and ends with project result delivery to a user or customer.
  • The organisational design and culture is changed by a project primarily through the working of the "matrix organisation ".
  • Organisations plan, integrate and use resources to support a project.
  • In order to manage project resources proper scheduling, motivation, leadership, and control techniques are followed.
  • Project management is widely practiced in all industries such as military, educational, ecclesiastical organisations, social and political domain.
  • Managing project stakeholders is a major challenge for the team.
  • A body of knowledge has evolved which describes the art and science of project management which is changing the way contemporary organisations are managed.

Every organisation performs work. Work generally involves operations or projects. Operations and projects share the following characteristics:

  • It is performed by people.
  • It is constrained by limited resources.
  • It is planned, executed and controlled.

Operations  are  ongoing  and  repetitive  process,  where  as  projects  are unique and temporary processes.

The body of knowledge namely the PMBoK (Project management Book of Knowledge)  defines  a project  as a  temporary  endeavour undertaken  to create a unique product or service. It is temporary because every project has a definite start and end date. The term "unique" refers to the outcome of a project which is different in some particular way from similar products or services.

Posted Date: 9/28/2012 5:30:46 AM | Location : United States







Related Discussions:- Project management approach and philosophy, Assignment Help, Ask Question on Project management approach and philosophy, Get Answer, Expert's Help, Project management approach and philosophy Discussions

Write discussion on Project management approach and philosophy
Your posts are moderated
Related Questions
Library Journal: Publishes quarterly lists  of scientific,  technical and medical books announced for publication by publishers.  The third category of review  sources is d

Question 1: (a) Explain what the term "preventive legal management" addresses. (b) Describe any 5 stakeholders that have a legal relationship within the hospitality indust

The Section ‘Instructions to Bidders' in the Bidding Documents for Procurement of Goods through Open Advertised Bidding is meant to guide the Bidders in submitting responsive bids

Library material arrangement: Irrespective of the category to which a library belongs, collection of a library is first broken into  sequences. Depending upon the size of a li

News: Concise Oxford Dictionary defines News as "new or interesting information" or "fresh events reported'". In short, all that a newspaper contains is not news. Only episodic i

define,fuctions, principals, and introduction,how to speculation

Some detailed important do's and don'ts while conducting negotiations are given hereunder.  Do's:  Know your authority as a negotiator and that of your counterpart.

Sewing Materials - binding materials: Thread: Sewing is the central operation in binding. The life of binding depends very much on the kind of sewing and the material used f

QUESTION 1 (a) Write short notes on the following terms and provide examples where appropriate? I. Rural tourism II. Urban Tourism III. Ecotourism IV. Culture touri

Constraints: This unit calls for a comprehensive and thorough treatment to cover the various aspects of history and development of library catalogue codes. However, such a tho