Introduction to Project Management
Project management can be defined as the specific practice of starting, planning, execution, control and finally closing of the team work for achieving the required goals and objectives within the given deadline (Kerzner & Kerzner, 2017). A project is the temporary endeavour that is solely designed for the successful production of a unique product, result and service with the specified or defined starting and ending points that are undertaken for meeting all the goals and objectives and bringing out the beneficial changes or added values. The temporary nature of all the projects eventually stands in contrast to the businesses or operations. All of these operations or functional activities are either repetitive, semi permanent or permanent for the successful production of services or products. The entire learning of all these ten weeks, the lecture notes as well as the tutorials had given an extremely broad concept regarding the various methodologies of project management, the important elements that are linked with the utilization of the methodology of project management and also the impact of the selected project management methodology within any organization (Burke, 2013). The success of the approach of the project management or the methodology of project management or approach of the project management mainly depends over the proper governance of this project and hence the project management plays the most significant role for ensuring of the project success. This consolidated portfolio eventually reflects on the proper extent to which all these learning outcomes of the course are being fulfilled. The respective detailed learning experiences are eventually discussed within the following paragraphs.
1: Explain reasons why organisations adopt Project Management Methodologies
Summary
Within the very first week of our course, we were being provided with a core ideology of the concept of project management as well as the main reason that why all organizations are adopting the various methodologies of project management (Schwalbe, 2015). It was extremely interesting to learn the significant reason that why all the separate organizations irrespective of project size have the ability in adopting methodologies of project management to successfully execute this project. With the help of this course, I was able to understand the various uses as well as advantages of the methodologies of project management within any company. Effective and efficient planning or controls are checked by these projects in the companies. Moreover, with the help of this particular course, I had the idea of the importance of any type of planning of project. As the proper methodology of project management eventually helps the respective organization in planning of project, they take up project management methodologies for their projects. Various challenges are also overcome by these project planning and thus I got a clear idea of all these reasons that clearly explain that why all companies solely adopt the methodologies of project management methodologies (Fleming & Koppelman, 2016).
significance of methodology of project management
Evidence
In the earlier days, I was working as the intern in a popular manufacturing organization. I had to follow all the utilizations of agile methodology in project management within the companies. With this methodology, the testing was the most important and significant part of each and every project stage. Moreover, when I was the part of this course, I got practical as well as theoretical knowledge regarding the requirement of various methodologies of project management within various companies.
Summary
This particular learning outcome described about the entire concept of the methodologies of project management on the stakeholders of a company (Walker, 2015). After obtaining the significant knowledge regarding this topic, all my doubts were subsequently resolved. All of these methodologies of project management have major impact on the stakeholders and the success of the project. This methodology of project management has a basic plan for communication for the project and hence an easy propagation of this information is ensured. Moreover, the progress report of the project is being checked with this methodology. The project planning or execution is checked with perfect analysis of stakeholders. The management of any project is extremely challenging and dangerous for the organization, hence, the stakeholders should be involved for choosing their methodology of project management (Harrison & Lock, 2017). The role of stakeholders is extremely important for any project and they have an important impact on project success. Hence, there is an impact of the methodologies on the stakeholders.
Evidence
The particular course of project management has solely helped me to acquire practical as well as theoretical knowledge regarding the importance of stakeholders within the specific project. All the stakeholders of this project are eventually required for managing as well as controlling the project properly (Flyvbjerg, 2013). All the stakeholders of any project play the most significant roles in ensuring about the success of the project. Furthermore, proper updates are also taken for the project and there is an extremely less chance that the project would be a major failure.
Summary
When I was an integral part of this course, I got the knowledge that there are some of the major and important elements in the methodologies of project management. Proper scheduling as well as management of any project is extremely important and thus the organization should incorporate these elements within their project (Heagney, 2016). The budget of the project should also be maintained strictly and a timely completion of this project is extremely important and vital. The project scope is the next vital element for the methodology of project management, which is required by an organization. If the scope of the project is not calculated properly; there can be a major delay in the project and thus should be properly mitigated within time. Moreover, the execution of project should be done properly. This proper execution of project is the next significant element of the methodology of project management. This should be utilized by the organization properly. Planning is considered as one of the most important and significant element for project management methodology (Mir & Pinnington, 2014). Gathering as well as identification of project is the next important elements.
Importance of Stakeholders and Their Impact on Projects
Evidence
Being the exclusive part of this particular course of project management, I gathered knowledge regarding the several elements or aspects of the methodologies of project management from the several study materials and lectures of the course. When I was appointed as the intern in the software company, all these knowledge helped me in understanding the entire scenario properly and thus relevant information was being gathered (Leach, 2014). The entire 12 weeks course has eventually provided me a proper understanding of the methodologies of project management. The proper selection of this methodology of project management is dependent on the project type and hence the major project management elements are being checked properly. My theoretical knowledge was enhanced in the entire course of project management methodologies.
Conclusion
Throughout 12 weeks of learning about project management methodologies, I have understood the fundamental knowledge of project management and the importance of project management methodologies. The complete management of the approaches of production needs the growth as well as development of the specific technical skills or strategies of management. The first and the foremost challenge for project management is achieving all the goals and objectives of project with the provided constraints. The information could be easily described within the project documentation that is created at the starting of the process of development. The primary and the most important constraints are the time, scope, budget and quality. The next or the secondary challenge is the proper optimization of the allocation of important inputs and finally applying them for meeting the previously defined objectives. The major objective of the project management is the production of a perfect and complete project that complies with all the objectives of the client. Moreover, the impact of all the decisions properly involves within the project. These decisions are taken by designers, project managers, sub contractors and contractors. This consolidated portfolio is the reflections of the 12 weekly portfolios what I have learnt in the course.
References
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute.
Flyvbjerg, B. (2013). From Nobel prize to project management: getting risks right. arXiv preprint arXiv:1302.3642.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt Assn.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Leach, L. P. (2014). Critical chain project management. Artech House.
Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking project management performance and project success. International journal of project management, 32(2), 202-217.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Walker, A. (2015). Project management in construction. John Wiley & Sons.
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