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

Enhance the regionalization of solid waste facilities, Q. Will the use of F...

Q. Will the use of FCA promote or enhance the regionalization of solid waste facilities? Ans. No. The utilization of an FCA approach will not, in and of itself, concluded

Quality managment, identify and explain s categories of quality and their u...

identify and explain s categories of quality and their uses in a company

Forms of centralisation - library management, Forms of Centralisation   ...

Forms of Centralisation   In centralised cataloguing we observe that there are several forms of centralisation like:  Card (or Sheaf) service  MARC (Machine-Readable C

Quality control tools, Q uality control tools Most of the quality cont...

Q uality control tools Most of the quality control tools are usually available to the project team. The Quality control methods are ways of checking. It may involve the applic

Write a long note on event interaction, Question 1 Write about the Namma A...

Question 1 Write about the Namma Angadi event. Explain the processes responsible for making the events happen Question 2 Write a long note on event interaction Question 3

Limitations of alphabetical index, Limitations of Alphabetical index: ...

Limitations of Alphabetical index: Readers must have some knowledge of the classification scheme used for the arrangement of entries before the person is able to consult the c

What is quorum, Question 1 What is quorum? How is it related to clustering...

Question 1 What is quorum? How is it related to clustering? Question 2 Explain round robin DNS. Discuss its efficiency Question 3 What is VMware server? How does i

Alphabetical index - Classified catalogue, Alphabetical index: The alp...

Alphabetical index: The alphabetical index to a classified catalogue; consisting of author, title (wherever necessary), subject entries and other entries for collaborators, se

Differentiate between overt and covert resistance to change, Question: ...

Question: "Resistance to change is not only a predictable part of change, it is perhaps the most difficult phase to deal with. People resist change for good reasons, even thoug

Progress billings and payments, P rogress billings and payments: Pa...

P rogress billings and payments: Payment is the valuable control tool in  your  hands.  You  should  ensure  that  progress  payments  are determined objectively and design

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