Question

1/ What is a project?

PROJECT MANAGEMENT BU4113 ASSIGNMENT #1

2/ What roles do traditional process management duties of planning, organizing, and controlling play in project management, if any?

3/ Why is project management challenging? 4/ Why are projects important?

5/ Why is project management considered an excellent training ground for future senior executives in many organizations?

Answer 1

1.Project- Project is an incredible opportunity for organizations and people to accomplish their business and non-business destinations all the more proficiently through executing change. Projects assist us with desired improvements in a sorted out way and with decreased likelihood of failure.Any project isn't only an approach to make or accomplish something however it's a chance to accomplish some ideal outcome by executing an systematic management approach. An individual or association involved in projects needs to see how to take care of complexity of issues through project management.

2. Role of Process Management duties of Planning in Project Management:

As, project could typically include internal process improvement and client project, thus, for both kind of project requires enough resources, Involvement of the project Manager, sponsor along with effective Process planning, with Effective Process planning, we will be able to provide correct estimate for time, cost, resources and others project constraints, again, with process management duties of planning, we can include various baseline planes, policies, procedures to perform the project task, for example, let me consider an organization, leader in Food Industry, UFIC is a leading organization and uphold best brand image for serving customers with various food Products like Cheese, Butter, Biscuits, Fruits Items, production process of all these food products need robust planning, the project may include internal process improvement as end product quality is quite important and Meeting Monthly, Quarterly target for production also another challenge.

Role of Process Management duties of Organizing in Project Management:

With the help of process management duties of Organizing, we can perform effectively stakeholder engagement, map out the entire processes, and establish the desired process map, For Example, for a leading food Organization UFIC, Organizing Effort for internal Process Improvement Project needs Creating proper mapping for entire Food production processes and Machines, Align Manpower to each Machine and processes accordingly with respect to Baseline Plan, for any shifting from baseline plan, take necessary action, managing entire Work center processes with keeping focus on Lean Concept, create Reward system for the team members, and encourage them to achieve performance objective, also Organizing Effort would focus on team diversication and engagement activities, which will nurture better organizational culture.

Role of Process Management duties of Controlling in Project Management:

With the help of Process management duties of controlling, we can go should go with Statistical Process/quality control also look for any deviation occurred in system, process, and activities of people, which needs essential care, with controlling effort we can ensure that the project goes towards success and meeting its objective.

3.Challenges of Project Management:-

1. Keeping Teams spirit high
2. Improperly defining the Goals And Objectives
3. Unacheivable deadlines
4. Confusion in finding the Right Project Management Software
5. Lack of sufficient Team Skills
6. Miscommunication between the level of management
7. Lack of accountability

4. projects are important because running projects by not having good project management is a false economy. It’s often thought to be an unnecessary burden on the budget, and there’s no doubt it can be expensive – as much as 30% of the overall project budget.

5. Project management considered an excellent training ground for future senior executives in many organizations because senior managers can profit by better utilization of organization assets, more attention to risk management, better project cost and timetable assessing and better undertaking observing and control. Leading Project Audits and Health Checks causes senior managers to pin point the core purposes behind absence of project achievement, empowering them to quickly set up activities which will improve project execution.