People refuse to adapt their approach or shift their habits. Everything from the Olympics to organizing a simple function can be considered a project. Some of the important elements of project management include understanding the need of the stakeholders, building and motivating the team, making strategies and setting objectives that are to be met, monitoring the work that is being done and delivering successful results. This may sound quite simple but is actually one of the most difficult tasks.
Pamela McClinton Running head: To successfully implement new strategies, organizations are faced Projects and their management a literature review selecting project managers to introduce innovative products, services, software and systems to the gain competitive edge in the marketplace.
But simply selecting a team is not enough. Managers are faced with using innovative skills to deliver quality outputs in record time.
Project management methodologies have been developed over the last century to help organizations consider all the necessary components of a project and execute processes to apply improvements to existing systems or introduce new products or services to the marketplace.
A review of the literature supporting some of the most notable project management methodologies can help project managers make evidence-based decisions about the benefits of a good project management methodology and select the project management methodology that is best fits the goals and objectives they seek to achieve.
A Review of the Literature The turn of the twentieth century catapulted the world into a global age of business, innovation, war, politics, and technology.
As the Industrial Age ended, companies began to grow nationally and expand globally into new marketplaces. When new ventures arose, managers were tasked with dividing operational staff into two groups: Consequently, the modern concept of project management was developed.
Over the century, researchers, analysts and managers have examined the practice of project management.
This analysis has generated several approaches to employing project management within an organization. But to understand the true advantages of project management, a thorough review of the literature surrounding the history, definition, as well as the methodologies used in modern project management is necessary.
As a result of exploring the literature supporting project management, managers have the ability to make evidence-based decisions about the benefits of a good project management methodology and select the project management methodology that is best fits the goals and objectives they seek to achieve.
Project Management The history of project management begins when the word project is defined. While organizations focus on developing products and services for their customers in their day-to-day business, there are times when they engage in a temporary assignment to test the introduction of a new opportunity and determine if it would be advantageous to the department or organization.
A project does not last indefinitely, but instead has time constraints and is focused on generating a product, service, system or result that is distinctive to the organization.
The uniqueness of the project differs from a program, which can last indefinitely, or a portfolio, which is a collection of projects Stackpole, This uniqueness captivated project management pioneer, Henry Gantt, an engineer at the turn of the twentieth century.
This chart was critical to a change in the planning practice.
The chart focused on time and detail instead of quantity. While surprisingly simple, the chart was completely revolutionary for the time period. The concept of project management was in full swing and managers pursued the best project management practices to give their organizations the competitive edge in the marketplace when contemplating new opportunities.
Unlike the middle to late twentieth century where projects were growing and new to the organizational landscape, Edmonds states that it is virtually impossible to find a business today where there are no projects being employed.
But with temporary tasks, it is even more important that the time invested in the endeavor is utilized in the most efficient of ways because this costs the organization less money and time allocated to resources used to the project.
Project Management Methodologies As project management grew fast during the twentieth century, the subject moved from a concept to a discipline that would be practiced to gain competitive advantage in the world marketplace.
Researchers sought to improve the practice of project management. Several prominent methodologies are now in use due to the investment of time and research focused on project management. Inthe Project Management Institute PMI was founded and set out to be an association where project management professionals worldwide could collaborate on best practices in project management.
The PMBOK guide is not a methodology itself, but promotes several key components that good methodologies must contain. These areas are integration, project scope, time, project cost, project quality, human resources, project communications, project risks, and procurement.
Greater detail of these areas will be discussed in subsequent methodologies, but the guide also advocates that all projects hold to a project life cycle which includes initiating, planning, executing, control, and closing Strait, With the temporary nature of projects, utilizing a project life cycle is beneficial to adhering to time constraints given by upper level management.In this paper, existing techniques were reviewed for their applicability to processes in risk management; namely, techniques for establishing context, risk identification, risk assessment and ashio-midori.comgs – Risk management is an activity within project management that is gaining importance due to current business environment with a.
Over the years and more importantly in the recent past projects have been used as a delivery mechanism to do business and accomplish objectives. No wonder it has become one of the fastest growing professions in the world.
Although the understanding of what constitutes a project and what doesn’t continues to be a topic of debate. This paper attempts to provide literature search on what is a. innovation research and perceptions of researchers and practitioners based on a review of current literature.
Emphasis was placed on identifying the prevailing nature of construction The main aim of this literature review is to identify the prevailing knowledge regarding Building practitioners and their clients have often interpreted. objective of promoting a literature review on papers related to Big Data / Analytics projects.
A comparative content analysis has been performed to organize studies and . Over the years and more importantly in the recent past projects have been used as a delivery mechanism to do business and accomplish objectives.
No wonder it has become one of the fastest growing professions in the world. Although the understanding of what constitutes a project and what doesn’t continues to be a topic of debate.
This paper . Literature Review On Material Management Construction Essay. Print Reference this. Literature review on material management.
In addition, the top management should give their employee attending the course regarding materials management.
This will helps them arrange the materials accordingly to increase their future project and.