Evaluation Of A Project Management - 1897 Words

Oversight in Project Management Donald L. Thornton Jr. INF410: Project Management Instructor: Dr. Kevin Kuznia 02/13/2017 Although it may be temporary, a project is an exclusive endeavor initiated with a defined start and finish point and a set number of tasks that need to be completed to reach a possible set or unset finishing date. In project management, we carry out a group of tasks with a defined set of skills, capabilities, and philosophy acquired over a set period, while developing a finished product for the projects sponsors and stakeholders. There are a set of fundamental processes involved with project management: During a normal project life cycle, there is usually a set arrangement of phases†¦show more content†¦Ã¢â‚¬ ¢ Cost-benefit analysis †¢ Net present value (NPV) †¢ Return on investment (ROI) †¢ Whether the project is designed for what it is to be used for. Some of the main factors management uses to initiate the project are critically thinking about scope, time, and cost. Then there are definitive aspects about how the project will affect the environment, especially concerning civil, legislative, contractual, corrective, and fiscal standpoints of the project. Evaluation of the project also needs to be contemplated, especially when involved with the technological environment. Assessing prediction characteristics and evaluating the market, play an important part of the project research. Premature project closure without successful completion can be the result of inconsistent evaluation and inconclusive research of the actual project. With this angle, it is possible that unsuccessful project implementation could result, allowing the project managers to contemplate procedures that were missed. â€Å"In this respect, the research is often criticized for being underdevel oped and not founded on solid theoretical and conceptual groundwork† (Ika, 2009, pg. 7). Within each project is an integration of affects that are interconnected with project management. Each phase is dependent on the successive phase, and when one of them falters there can be a drastic effect on the remaining steps. There are teams involved withShow MoreRelatedEvaluation Of A Project On Project Management847 Words   |  4 Pagescollection of strategic methods that focus on how to plan, perform and complete certain projects. It has a conductive approach which depends on the conditions of different projects(Marchewka, 2003). Role of the Methodologies in Project Management: It suggests variations, tools and techniques, analyzation to accomplish the projects(Marchewka, 2003). It designs a plan to fulfill the project and product life cycles(Marchewka, 2003). Methodologies enable the sponsors, team membersRead MoreEvaluation Of A Project Management Essay1388 Words   |  6 PagesIn project management, there are many different to methods to handle how the project should be completed, how an ethical situation should be handled, what types of decisions should be made, how much knowledge the project management should possess, their focus of completing the job on budget and on schedule and understand the scope, as well as knowing how to communicate. When I completed OGL 320: Foundations of Project Management, I understood the hard work the project management had to endure toRead MoreEvaluation Of A Project Management1202 Words   |  5 PagesProject Management For this Running Case, we are Checking and controlling procedures measure progress toward the task goals, screen deviation from the arrangement, and make a restorative move to match pace with the agreement. Execution reports are primary yields of observing and controlling. The project manager ought to be watching advance intently to guarantee that deliverables are being finished, targets are being met. The project manager must work intimately with the venture group and differentRead MoreEvaluation Of A Project Management Essay1293 Words   |  6 Pagesmethods that will get a project completed. Some projects failed due poor planning or poor decision making by the project manager. However, according to Harold Kerzner, â€Å"Today, excellent companies realize that project failures have more to do with behavioral shortcomings – poor employee morale, negative human relations, low productivity, and lack of commitment.† (377). Today, project managers are to focus on situational leadership, which is known to be effective in project management. Situational leadershipRead MoreEvaluation Of A Project Management Organization1573 Words   |  7 PagesEvaluation is always considered as the center piece of attention and every project or product needs to be properly evaluated before simulated in the real time environment (Cunico and Vecchietti 2015). There are number of different tools, techniques and approaches which can be utilized for assessment of any product, project or services (Pienaar and Vogt 2012). However, in the project management organisation or any organisation which are executing similar tasks or activities related to the projectRead MoreEvaluation Of A Project On Risk Management1217 Words   |  5 Pages4. Project governance 4.1 Project organization 4.2 Project Governance 4.3 Governance Management Process 11. Risk Management 11.1 Risk management plan A risk is an indefinite event or circumstance that, if or when it does occur it can have a positive or negative effect on the project and its outcome. Risk is an integral part of every project and every project manager should assess risks throughout the phase of the project and develop plans on how to tackle themRead MoreEvaluation Of A Project Management Audit Essay950 Words   |  4 PagesWhat should be done to ensure appropriate closure of this project and why? There will be several areas of â€Å"clean-up† to address before announcing the project success and closure. First, before the closure of the project, it is better conduct an interim project audit to analysis the result. A project management audit is an examination designed to determine the true status of work performed on a project and its conformance with the project statement of work, including schedule and budget constraintsRead MoreCritical Evaluation Of A Project Management1306 Words   |  6 PagesIn project management, there are different methods to get it completed with success. Some projects failed due to poor planning or poor decision making by the project manager. However, according to Harold Kerzner, â€Å"Today, excellent companies realize that project failures have more to do with behavioral shortcomings – poor employee morale, negative human relations, low productivity, and lack of commitment.† (377). Today, project managers are to focus on situational leadership, which is known to beRead MoreEvaluation Of A Project Management ( Apm ) Essay1600 Words   |  7 PagesA project is a temporary organization that is created for the purpose of delivering one or more business product in accordance to an agreed business case (PRINCE2 2005). However, this definition doesn’t seem to elaborate on all the principles and numerous factors, which define a project as compared to Association for Project Management (APM). APM defines a project as an endeavor in which, human materials and financial resources are organized in a novel. Therefore, being able to deliver a unique scopeRead MoreEvaluation Of A Project Manager Management1251 Words   |  6 Pagesin estimation. Master schedule, daily, weekly and monthly forecasts for a project was covered by scheduling and also the various processes that go into making the schedule more efficient like crashing were observed on site as well as from t he perspective of a project manager. During the course of work, a proposal for standardizing the processes like material management on site, preparing punch lists and work force management were proposed by me which are implemented or in the stage of implementation