Project Management

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1. Discuss the implications for a project manager of not having any clear prioritisation of objectives in terms of time cost and quality. Explain the benefits and limitations of having clear prioritisation of objectives while project planning.

A project has some factors such as unique goals, required outcomes, time, designated budget, specialist resources, client, stakeholders, and degree of complexity. The project management is the discipline of planning, organizing, motivating and controlling resources to achieve special goals. Additionally, to manage a project, sometimes people should find the solutions to the problems. And also need to balance time, cost, resources and specification decisions. A project manager is the person who looks into the application of knowledge, tools, skills and techniques to organize and control the project process. Obviously, most people are willing to take on as much more than they can handle. Actually, nobody can handle everything; there are so many objectives in one project planning. Here are two cases of project management First to be mentioned is the airbus company. This company brought out the Airbus 380 in 2006. The manager Gustau Humbert was running the project in 2006. At the beginning, this new product was favoured by the public. Because the new airplane is larger than airbus before, it will work more efficient. Airline companies which are the clients of Airbus booked more than a hundred of A380. However, Airbus had problem in skills, they made mistakes on A380. This made them postpone the delivery time over and over. However, with the development of research, designated budget was from 10.7 billion dollars up to 13 billion dollars. Due to the delivery time postponed, it made the cost increase 30% overall. Many employees were laid off, factories were shut down. This is the failure case for us. Airbus tries to juggle on everything such as technique, commercial, profit and quality. They wish to minimize the cost and...
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