Project Managemnt
ASSIGNMENT
Submitted To:
Sir Saqib Rehmani
Submitted By:
Muhammad Burhan
2132146
M.B.A
Subject:
Project Management
[pic]
Various studies have revealed that a number of projects either fail or cost time over run. Find out major reasons and write note on it.
1. Poor Planning:
Most organizations fail to recognize the importance of spending the necessary time up front to plan appropriately and clearly define project objectives and expectations. There is such an urgency to deliver or implement a solution to gain business value that planning out the “how” is becoming a costly oversight that creates churn and administrative challenges. Effective planning minimizes downstream scope creep.
2. Lack of an experienced project manager:
Without an experienced project manager, projects can quickly spiral out of control and the team. You need to have specialists with experience in these circles. Matthew Strazza, vice president of services (North America) for C.A., says that good project managers must have strong social skills. They need to know how to facilitate meetings, manage risks and deal with a variety of different stakeholders—the people of the business who are looking at the features, the IT people who care about security, and the finance people who are concerned about the budget.
3. Lack of methodology in the process:
Lack of methodology increases risks of re-work and late deadlines of project-related tasks. Douglas Clark, CEO of Metier, a provider of projects for portfolio management solutions, recommends the creation of methodologies for scoping, scheduling, resource allocation and communication with stakeholders.
4. Update the status of a project:
You cannot manage what you cannot measure, as Peter Drucker would say. Try to pass the status of tasks and overall project to the team frequently. The
Submitted To:
Sir Saqib Rehmani
Submitted By:
Muhammad Burhan
2132146
M.B.A
Subject:
Project Management
[pic]
Various studies have revealed that a number of projects either fail or cost time over run. Find out major reasons and write note on it.
1. Poor Planning:
Most organizations fail to recognize the importance of spending the necessary time up front to plan appropriately and clearly define project objectives and expectations. There is such an urgency to deliver or implement a solution to gain business value that planning out the “how” is becoming a costly oversight that creates churn and administrative challenges. Effective planning minimizes downstream scope creep.
2. Lack of an experienced project manager:
Without an experienced project manager, projects can quickly spiral out of control and the team. You need to have specialists with experience in these circles. Matthew Strazza, vice president of services (North America) for C.A., says that good project managers must have strong social skills. They need to know how to facilitate meetings, manage risks and deal with a variety of different stakeholders—the people of the business who are looking at the features, the IT people who care about security, and the finance people who are concerned about the budget.
3. Lack of methodology in the process:
Lack of methodology increases risks of re-work and late deadlines of project-related tasks. Douglas Clark, CEO of Metier, a provider of projects for portfolio management solutions, recommends the creation of methodologies for scoping, scheduling, resource allocation and communication with stakeholders.
4. Update the status of a project:
You cannot manage what you cannot measure, as Peter Drucker would say. Try to pass the status of tasks and overall project to the team frequently. The