Achieving Project Goals Simulation Paper University of Phoenix Course: MGT/437 Instructor: Mark Fechtel September 20, 2010
Achieving Project Goals Simulation Paper
Project management is defined by BusinessDictionary.com as, “Approach to management of work within the constraints of time, cost, and performance requirements.” Project management requires careful planning and studying all of the factors involved with in the project. Project Managers must first establish the needs of the stakeholders and provide a project plan which includes the cost and time frame the project will be completed. In addition, projects requirements should be clear and concise to ensure the Project Manager stays within
…show more content…
Due to time constraints the Project Manager evaluated the situation and objectively selected the paramount option to compress the project cycle time and met the constraints of time and project safety. Unfortunately risk are never unavoidable when it comes to any type of project. It is does not matter how well the project is planned. Every project will need to have alternatives just in case if the unexpected happens. It is very crucial to include delays as much as possible by balancing the rest of the project resources, like time, scope of the project and safety. The project managers job is to ensure that the scope of the project and safety is never compromised. The project manager needs to ensure that proper trade offs are made between time, cost and performance of the project. In the simulation when the truck had broken down and it was a possibility that the other elephants would not make the flight the Project Manager made alternate transportation planes that were successful in meeting the time constraints of the project. After completing this simulation my perception of project management has been changed quite a bit. It is a bit like life, it never goes as it was planned to. When and if the unexpected happened with one of the transport trucks breaking down this could have caused “Operation Elephants Ark” to fail, the reality of loosing money is possible in a Project was realized. I also realized
A project manager must be a skillful planner and can inspire his or her team to produce as needed. Per LaBrosse (2007), project management can be used throughout the organization to boost personal and collaborative productivity by building a standardized system that embeds best practices into the way projects are managed” (p.26).
Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.
What is project management? Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. (PMBOK 2004)
The calf’s mother remained with her requiring the decision to contain the cow and care for the calf. The risk included the mother and other elephant’s transition into the new park without the calf. The procedure lasted 13 minutes then the elephants were placed with the others. The benefits include future leadership, motherhood and the longevity of the herd.
There were many risk involved with the project. First, the project did have a main person in charge or a group that had the main authority to communicate all information relating the project and take necessary steps to control scope, risk, cost and requirements of the project. Another risk was the time completion of the project which, was not very realistic given the size of the project and requirements. The October 1 deadline release put lots of pressure on the team to complete the project on time and at any cost. Third, the development method chosen for the project was agile approach which, did
Planning the project allows the project managers to anticipate the effect of errors without expending money, time or resources. Planning projects and analysing the costs and benefits enables the manager to review options, propose the estimates, visualize risks and simulate the plan, prior to committing the project to a specific course of action.
A construction schedule will establish the number of days needed to complete the project including production rates, equipment. To obtain clarity in project scheduling experienced input is required in: interdependencies of tasks, their duration, other sensitivities (weather, location factors) logistics of material procurement, storage, construction equipment, HR resources, sourcing and up skilling and safety training, transport logistics, types, quantities, resource size and administrative procedures such as approval of drawing layout. The critical path method (CPM) is a scheduling technique determined by duration. The primary inputs are the project activities, their estimated durations, and reliance relationships. Activity durations are functions of the resources required for implementing each activity. The more established CPM technique is very suitable for certain type of projects for factoring-in risks associated with activities such as for example, those involving long lead-time and specifically designed and built heavy equipment and its site delivery logistics. CPM method gives an insight into risk management and thereby enabling better planning for contingencies. As an illustration of this class of projects – from Authors’ experience, large design, construct and install power projects requiring equipment such as transformers, generators, overhead cranes requires highly specialised expertise from manufacturers, which adds to the
The completion of the stimulation has a critical impact on how I view the general outlook of project management in the society. Project management is a multifaceted activity that desires and requires diverse knowledge and skills from the concerned people. The simulation project had many considerations that took after manipulation of the natural skills and materials into meeting the elephant project. The directives that were of immense importance came from the knowledge and skills gained from the course materials and comparative approaches involved throughout the study period (Choudhury, 1988).
Project Management: after we get an approval from the committee, the project manager develops a project plan which describes the execution of the project and control of the project using different techniques, the way the team is going to build it. It also describes about the responsibilities of the team, work that is assigned to the team and the timeframe to complete the assigned work to the team and the way the team is going to manage it.
Project management is the planning, organizing and implementing of an event, where specific start and end dates are to be followed, determining the goals needed to be achieved, identifying resources required, budget, location, and other various factors (Rouse, 2016).
Remember that the efficiency of the project management team in general can be the highest risk to the project.
One strategy that can be used to mitigate or manage this reason for failure effectively, is to have a form of risk management in place. One way of doing this is when estimating the timing of an IT project, the company should also estimate a number of possible/realistic delays that the project can incur and provide an allotted time for these possible delays. By using this strategy, majority of projects will be completed ahead of the scheduled time. This project risk management should account for: the risk event (meaning what may happen to impact the project), the risk timeframe (to estimate the likelihood of when it will happen), the probability of it happening, the impact it will have on the IT project and what factors could possibly influence this risk event (Bonnie, 2014).
A key activity in project management is assessing project constraints. A project has three limitations: scope, budget and schedule. These limitations are project constraints because they are sensitive to change and have an impact on project risk. Risk is exposure to uncertain outcomes. Project constraints are mutually exclusive. If one constraint changes it affects the others and adjustments may be required to compensate and manage risks. For example, a delay in the schedule can increase the risk that the project will not finish on time. Time is money and delays have a negative impact on the budget. To
The main risk is the gap between user requirements and developers’ understanding. Project manager will take care to bridge the gap to ensure all are on same page. Also project manager along with team should always be ready to accept changes and should react quickly to the changes.
Project management is a procedure to arranging and directing project methodologies from beginning to end. Project managers should be able to meet scope, time, expense, and quality objectives of activities, also they ought to encourage the whole methodology to address the needs and desires of individuals included in the project. It is a job to manage project’s goals, timeline and budget clearly. Project management process have these key components.