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

Stereotype, Stereotype The tendency to judge someone is based on the pe...

Stereotype The tendency to judge someone is based on the perception of the group to which that person belongs. For example I might stereotype him as a "jock" if I know a person

Origin and development of internet, Origin and Development of Internet ...

Origin and Development of Internet The Internet has its origins in a network called the 'ARPA net, developed in the early 1970s by the Advanced Research Projects Agency (ARPA)

Reprography service, Reprography Service: We have already mentioned ab...

Reprography Service: We have already mentioned above that if the original document is not available, its photocopy is provided by a document delivery service. The introduction

Identify limitations of the bcg matrix, QUESTION (i) Explain the term P...

QUESTION (i) Explain the term Position Audit and discuss how it helps an organisation perform better planning (ii) The marketing manager of Juicy Drinks Ltd has invited you

Questions and answers while going for a negotiation, Let us review some que...

Let us review some questions that as a negotiator you can face while conducting a negotiation and the considerations to find answers to these questions:  Framing the opening

Recent trends in document delivery service, Recent Trends in document deliv...

Recent Trends in document delivery service: Recent Trends As mentioned earlier document delivery scene has changed with the emergence of a large number of electronic databases

Assigning the class and book number - library classification, Assigning the...

Assigning the Class Number: Once the specific subject is formulated, assigning the correct Class Number can be done with the help of the classification scheme. But this process c

Explain the crm strategy at harrahs entertainment, Campaign management at H...

Campaign management at Harrah's Entertainment Harrah's Entertainment is the world's largest gaming organization. Through Harrah's Total Rewards programme customers earn credit

Reference sources and books, THE REFERENCE SOURCES/ BOOKS: A basic qu...

THE REFERENCE SOURCES/ BOOKS: A basic question arises then when we start discussing reference books, that is what books and other materials a reference library should stock an

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