Project management approach and philosophy, Other Management

Assignment Help:

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.


Related Discussions:- Project management approach and philosophy

Organisation Behaviour, Rajender Kumar was a production worker at competent...

Rajender Kumar was a production worker at competent Motors Limited (CML) which made components and accessories for the automotive industry. He had worked at CML for almost seven ye

Purpose of the integrated management project, The Integrated Management Pro...

The Integrated Management Project is designed to: develop your capability to think and act strategically test your ability to apply the concepts taught and techniques le

Change management process, QUESTION 1 Failed organizational change init...

QUESTION 1 Failed organizational change initiatives leave in their wake cynical and burned out employees making the next change objective even more difficult to accomplish. Dis

Need for project quality standards, N eed for project quality standards ...

N eed for project quality standards Project quality standard help the organisation in defining specific measurable objectives. The objective tells if the goals are being met a

Explain what you understand by corporate identity, Question 1: (a) Expl...

Question 1: (a) Explain what you understand by corporate identity. (b) What are the elements that constitute a Corporate Identity? (c) What is included in A Corporate Ide

Four levels of corporate social responsibility, QUESTION (a) Describe f...

QUESTION (a) Describe five driving forces that have contributed to the growing popularity of Corporate Social Responsibility during the last few years. (b) According to Arch

Explain the concept of classical utilitarianism, QUESTION 1 (a) Define ...

QUESTION 1 (a) Define (i) Conflict of Interest and (ii) integrity? (b) What would you recommend for an organization that go beyond obeying the law? (c) How far do you thi

Explain what is meant by e-commerce, Question 1: (a) Operations managem...

Question 1: (a) Operations management is an integral part of an organisation. Show how operations management can contribute to the success of an organisation. (b) Differen

Covering materials - binding materials, Covering Materials: Leather: ...

Covering Materials: Leather: Leather was the primary covering material for books until the third decade of the last century. It is only later that the commercial publishers

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd