Preview

Project Management Concepts

Powerful Essays
Open Document
Open Document
1624 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Project Management Concepts
Project Management Concepts
OPS 571
April 8, 2014
Professor Arun Iyengar
Project Management Concepts
Abstract
Project management involves the planning, directing, and supervision of resources (people, materials, equipment) to perform a specific project. Three elements of a project includes the organizational structure, the Work Breakdown Structure (WBS) and the Statement of Work (SOW). This paper will describe the three structuring projects associated with a project which includes Pure Project, Functional Project, Matrix Project and the advantages and disadvantages of each, the purpose of the WBS and its importance to project management, and briefly describe the role of the SOW within a project. Project management plays is key to ensuring the success of any organization.
Organizational Project Structures
A project is a series of jobs\tasks whose successful completion is required to meet the required output of a project. Prior to starting a project senior management must select one of three possible structuring projects. These three organizational structures are Pure Project, Functional Project, and Matrix Project, all have advantages and disadvantages that must be considered to ensure a project’s success.
Pure Project Advantages
Pure Project consists of dedicated employees (team members) assigned to work full-time on a project. The advantages of this type of project structure is that this type of project full authority over the project is given to the project manager (PM). A second advantage is that having a single project manager allows team members to report to one boss only which eliminates the possibility of miscommunication between team members and supervisors, this also allows lines of communications to be shortened resulting in quicker decision-making. Employees assigned to a project on a full-time basis develop team pride, are motivated to accomplishing all tasks associated with the project, and demonstrate a high level of

You May Also Find These Documents Helpful

  • Good Essays

    Project management can be described in a multitude of ways and is used in a wide variety of industries. The projects themselves can be small and simple or on large scale and extremely complex. No matter the size of the project if they are knowledgeable and precise in the planning it will ultimately start, execute, and close with success. [1] A project is a temporary endeavor undertaken to create a unique product, service, or result. The project being written about today was not on a large scale but overall made a large impact in the company atmosphere.…

    • 692 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Cmgt 410

    • 282 Words
    • 2 Pages

    A project can be defined as something which is very complex; it has a specific and limited time line which means that it has a start as well an end. Different from day to day business routines which take place on frequent basis while at the same time a project is a non-routine task which means doing something which has never been done before. Before every project is made it is given a budget which is the cost to complete the project. Successful projects are said to be those projects which are completed within the cost and time assigned to them. Projects are also successful when resources are effectively and efficiently utilized. Projects cannot be completed with total accuracy because they contain certain risk and uncertainty. The concept of what a project is can be confused with mission statements, organizational objectives, directives, initiatives and a dozen other terms that may be related to projects, but are not projects themselves. Facilities management and information system groups, for example, have maintenance projects. But they often neglect to distinguish between a maintenance as a project and maintenance as an on-going operation. True maintenance projects come to closure so a facilities team installing a new air conditioner or handling routine upgrades to an operating system are on-going work which is better suited to operations management than project management.…

    • 282 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Project Management

    • 6379 Words
    • 26 Pages

    In order to stay competitive with other home improvement chain stores, Acme Home Improvement decided that it would be a wise investment to open their first international store in Mexico. Opening new retail facilities is not a new process for Acme. Since the company began in 1982, Acme Home Improvement has built 125 stores throughout the United States. The new location in Mexico is to follow Acme’s typical 100,000 square foot size, with a 10,000 square foot outdoor garden sales area, as well as a two story parking garage are what is outlined to be constructed. Work on this project is scheduled to begin January 3, 2011, with a budget of $18 million.…

    • 6379 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    ‘Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements’ (Project Management Institute, 2009, p12). Once a project has been approved a project manager is assigned to the project, and ‘is expected to integrate all aspects of the project, ensure that the proper knowledge and resources are available when they are needed, and ensure that the results are produced in a timely, cost-effective manner’ (Meredith and Mantel, 2010, p5). In order to allow this to happen there are several key aspects of a project which need to be carefully thought out and controlled.…

    • 1355 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Project Management

    • 289 Words
    • 2 Pages

    Apply the project management concepts discussed in Weeks 1–3 to this project. This information will also be used in next week’s individual…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Project is a temporary attempt to achieve a goal with a start and an end. The output of the project can be a product or a service. Every project will have a team or multiple teams depending on size and tenure of project. To achieve successful output all members of team should possess healthy bonding among each other. Team should foster a collegial environment where individual views are respected and honest dialogue is expected.…

    • 341 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Project Management

    • 2439 Words
    • 10 Pages

    b) What phase is the Project Scope produced? What are some of the items contained in this document?…

    • 2439 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Project Management

    • 776 Words
    • 4 Pages

    Manage your Health (MYH) provides a variety of health care services. MYH recently updated its strategic goals and the new intranet sit will internal costs and increase cross-selling of products. It will also exploit new based technologies to help employees, customers and suppliers work together to improve the development and delivery of its health care products and services. The budget for the project is R 2 million. An additional R60 000 per year will be required for operational expenses after the project is completed. Estimated benefits are R250 000 each year. It’s important to focus on the system paying for itself within its first year.…

    • 776 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Organizational Structures

    • 820 Words
    • 4 Pages

    The design of a company affects every aspect of the business such as the way its members communicate, how decisions are made, and how the work is delegated, etcetera (Dictionary.com, 2006). This layout is known as the organization structure formally defined by Wikipedia (2006) as, "the way in which the interrelated groups of an organization are constructed. From a managerial point of view the main concerns are ensuring effective communication and coordination." In respects to project management there are three primary organizational break downs they are functional structure, pure project structure, and matrix structure. We will take a look into each of these structures to better identify the similarities and differences between them.…

    • 820 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Orion Shield Project

    • 5525 Words
    • 23 Pages

    Executive Summary The basic concepts of project management calls for proper planning, organization and the management of a variety of resources in order to successfully achieve a certain goal. One of the most important objectives of project management is the ability to deliver a product or service within a certain time constraint or “on time” as well as being fiduciary responsible or “within budget.” Thus, it can be seen that good project management makes efficient use of time, money, personnel, materials and supplies, and methods of communication in order to successfully complete a project. Unfortunately, these basic methods of project management were not…

    • 5525 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Implementation Plan

    • 3502 Words
    • 15 Pages

    The implementations of organizational projects require careful attention to details. The key to a successful project implementation begins with the selection of the right players. In creating a project management team, careful attention must be made when selecting the Project Manager, the Project Leaders and certain strategic employees. Success depends on the caliber of the members of the team, the team’s ability to work together and to magnifying the talents of the team both individually and collectively, (Passage, 2006, p.44).…

    • 3502 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    Project Management

    • 305 Words
    • 2 Pages

    1. If I were in Lauren’s shoes, I would make sure it’s clear to the strategic management group that my estimate – a more detail/micro estimate – came in well over their initial macro estimate. That being said, I would also provide upper management with the ideas (outsourcing, change scope, cancel project..) developed with stakeholders in the brainstorming meeting. Simply moving forward with the project after finding such a large gap in estimates would be a terrible idea that would most likely to back fire. It’s important that the executives understand major differences or flaws in the project plan.…

    • 305 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Volkswagen Mexico Case

    • 459 Words
    • 2 Pages

    All companies are faced with completing projects, whether it is to make a product, complete a service or an outcome such as a research project. Project Management helps to ensure that the projects are done effectively and efficiently. Project management is the “application of knowledge, skills, tools, and techniques to meet the project requirements.” (Project management body, 2008) There are 5 process groups associated including initiating, planning, executing, monitoring and controlling, and closing. Managing a project is complex, a Project manager needs to define and identify requirements, needs, concerns, and balance constraints such as recourses, schedules, budget and risks.…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Purpose – The purpose of the paper is to report on research in cultural differences in…

    • 10355 Words
    • 42 Pages
    Powerful Essays
  • Satisfactory Essays

    The aim of this report is to present our Project to open a gym in Belas, more specifically in Massamá Norte (for further details see exhibit 1). This new gym, with an area of around 3000 m2 divided in three floors, would offer a broader range of activities when compared to what current competitors offer. Therefore, given the fact that all activities could be found in only one place (e.g. classes, pool, cardio) it would attract customers from the involving area: Massamá, Monte Abraão and Queluz (for further details see exhibit 2).…

    • 325 Words
    • 2 Pages
    Satisfactory Essays