Project Management Essay

5084 words - 21 pages

1. IntroductionThe assignment is related to team project of our group focused on strategic management applied in the company Xxx- publisher of newspapers. The company is analyzed in detail on all levels-corporate, SBU (strategic business units) and functional. This analysis is performed on 26 specific tasks. Our group consists of 28 students. This very demanding and complex work was therefore to be organized on the project bases. This work is oriented not on the strategic management in the company Xxx but on the project behind it. We would like to describe here how was our work organized and what was the methodology we have used.1.1 Assignment GoalsAs we have already mentioned the goals are ...view middle of the document...

PMI, with more than 150,000 members in over 150 countries, is the world's foremost advocate for the project management profession. PMI sets industry standards, conducts research and provides education, certification and professional exchange opportunities designed to strengthen and further establish the profession (see literature [1]). Te best practices are described in the document called Project Management Body of Knowledge (PMBOK) (see literature [2]).1.2.1 Project Management DefinitionAccording to the literature [2], a project is a temporary endeavor undertaken to create a unique product or service that meets stakeholder's needs. Temporary means that every project has definite beginning and definite end. Unique means that the product or service is different in some distinguishing way from all other products or services. For many organizations, projects are a means to respond to those requests that cannot be addressed within the organization's normal operational limits. Projects are undertaken at all levels of the organization. They may involve a single person or many thousands. Their duration ranges from a few weeks to more then five years. Projects may involve a single unit of the organization or may cross organizational boundaries, as in joint ventures and partnering. The project has some major elements:Scope - What we are delivering?Cost - Who is needed to complete the project? What other resources do we need? How much do we need of each? How much will they cost?Time - How are we generating the deliverables? How long will it take us to generate them?Quality - To what quality standard or measurement are we developing the deliverable? How good should it be? How good is the process being used? How good are the people and incoming materials?Risk - How sure or confident are we of the conditions surrounding the project and that we can complete the project according to the plan?Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project Management is accomplished through the use of the processes such as: initiating, planning, executing, controlling, and closing. The term project management is something used to describe an organizational approach to the management of ongoing operations. This approach, more properly called management by projects, treats many aspects of ongoing operations as projects to apply project management techniques to them. In literature [2] there are described the Project Management knowledge areas. They are:Project Integration ManagementProject Scope ManagementProject Time ManagementProject Cost ManagementProject Quality ManagementProject Human Resource ManagementProject Communications ManagementProject Risk ManagementProject Purchasing ManagementTo see the details, look at the literature [2]. Of course, to be successful in Project Management, the responsible people should have appropriate knowledge of the general management skills such as...

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