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
Need and Purpose The personnel of an organisation play the most vital role by converting all the other  resources into tangible products and services.. Therefore attention to

Document Delivery Service:   The primary responsibility of the library is to provide the user with the texts (we may call them original documents). If the original documents ar

Question 1 What do you understand by entrepreneurial finance? Explain the role of external investors in a firm Question 2 Elaborate the steps under pro forma analysis. Dis

Reliability: Refers  to  the accuracy  and consistency  of a measuring tool. A measure is reliable when  an  individual remains nearly  the  same  in repeated measurements. Re

QUESTION 1 Explain clearly the meaning of the following- (a) Collective Responsibility of Ministers (b) Individual Ministerial Responsibility QUESTION 2 "Some pol

Question 1: (a) State three advantages and three disadvantages of recycling. (b) Discuss the potential health risk which composting can pose to workers or to those located

Internet - Definition   A great majority of people are now aware of the existence of Internet But, many of them have perhaps a some what misguided view of what the Internet rea

QUESTION The significance of work design is underscored by an organisation's dependence on human efforts to accomplish its goals 1 Contrast the meaning of the terms job enla

Self-Monitoring This is a personality trait reflecting an individual's ability to adjust behavior to match conditional factors. Individuals high in self- monitoring are very ad

Question 1: a. What are the traditional measures of development? b. What are the basic characteristics of the least developing nations? c. According to Denis Goulet, what