Background on Project Management Methodologies
Discuss about the Integration Of Project Management And Organizational.
The process of transmitting innovative ideas and advanced invention in products and services that creates high level values for which the consumers pay are referred to as business innovation (Kerzner and Kerzner 2017). This essay is comprises of different project management methodologies those are needed for the successful implementation of business objectives. For this particular essay the three nominated organizations are organization A, organization B and Organization C. The role of the project management consultancy is to influence three of these companies with advisory project management methodologies.
Project management methodologies are one of the first decisions that the project managers should undertook for accomplishing the project. Project management methodology is set or collection of project processes; those are sequentially followed to reach the project objective. According the background of three of these organizations it can be said that they should adopt agile, scrum and PRINCE2 project management methodologies to resolve their management level issues. With the help of Project Management Methodology (PMM) the resource allocation will be optimized, the task management approach and the visibilities will be improved, effective team collaboration will built, project will become much efficient with centralized reporting system.
It has been found that there are certain business organizations which are facing serious level operational issues due to improper selection of project management methodologies. Being project driven organizations it is the role of the project manager or project consultant to choose appropriate project management methodology to drive the business towards massive success (Martens and Carvalho 2017).
The Organization A is a USA based organization which holds a 2100 number of employees. The organization mainly deals with manufacturing high technology, high volume memory chips and supplies these parts wither directly to the consumers or sometimes to other well known organizations. In order to manage the employees with desired productivity and proper services the company currently uses capability maturity model integration (CMMI). The main purpose of the company is to deliver exceptionally good quality products and services to their consumers throughout. The vision of the company is to become one of the world’s largest responsible retailers who will reflect their passionate commitment towards the business developed for the consumers (Shauki 2016). The priorities on which the organization A mainly concentrates are to build a customer focused system and the store led culture as well as team to improve the business revenue.
Project Management Methodologies for Organization A
In order to gain competitive advantages and measurable revenue from the market place the organization A is willing to develop their marketing in North and South America. In order to make this possible the organization has to expand their manufacturing operational activities mainly in Brazil. In order to make the desired possible the project manager of Organization A should set up sales and marketing department. Then they should establish low costing, high level technology manufacturing plant in these locations. It is expected that for establishing the new operation 6 to 12 months will be required. Overall, the organization requires implementing the project very speedily. In order to accomplish this they need to follow an accurate project management methodology. The external environment of the business organization is not that much supportive in nature due to improper growth strategy the commercial revenue of the company is getting interrupted each time (Sathye 2015). It is expected that if accurate project management methodology is followed then the organization A will be able to meet the their objectives.
Different project management methodologies are there such as PMBOK, PRINCE2, agile methodology etc those are widely used by the business organizations to add on values and increase the overall reputation of the company (Salameh 2014). For this particular project the nominated project management methodology is PRINCE2. The PRINCE2 methodology is consist of five different phases such as business justification, development of structured project management team, products based approach, division of the projects based on controllable stages and give proper project level flexibility (Mir and Pinnington 2014). If all of these phases of project management methodology stages are followed accordingly then the organization will be able to expand their business in North and South America.
Before initiating the project, the project management team members should consider all pre-project processes. Before initiation proper project actions are to be adopted for designing the project budget and overall time for the successful implementation. (Schwalbe 2015) Based on the assigned information the initiation phases should be cleared however other additional changes are also should be considered during the running phase of the project.
After initiating any project the nest phase is the project planning phase. In this phase the project team members should focus on planning a risk management plan, contingency management plan, procurement management, time and budget management plan (Bradlow and Jayachandra 2015). In addition to this a resource management plan should also be developed by the project team members in this phase.
Project Management Methodologies for Organization B
Structuring product based approach: It has been found that the aim of the company is to deliver quality and on-time services to the consumers thus; the project should be planned in such a way so that it can grab more number of consumers and retain the existing customers.
The role of the project manager is to reduce the workload and distribute it among the project team members so that the task can be completed within estimated budget and time (Wilson and Pender 2017). The project stages should be designed and segmented in such a way so that it can be all managed easily.
During the project ongoing phase it may happen that some changes are required for obtaining project success (Kerzner and Kerzner 2017). Thus, the project manager should incorporated necessary actions and mechanism so that, desired change can be easily incorporated to the project development phases.
The flexibility phase is none other than the monitoring and controlling phase. The closure phase of the project management methodology deals with project stakeholder’s signoff, final project document submission and project and post project maintenance plan.
Organization B is a construction company which is headquartered in Paris, France. However the organization is mainly focuses on European Government infrastructure projects. The standards maintains by the organization are the Euro-codes. In order to gain effective business success, measurable success and competitive advantages in the European market the company is willing to develop a project. The project is based on the increment the numbers if infrastructure projects those are undertaken by the company in Europe. However, the director of the organization needs to go through the project cases all those are undertaken by them. The numbers of employees associated to the project are 300 which were very less. Thus, the organization should follow a proper project management methodology to implement the construction projects accordingly.
There are many project management methodologies such as waterfall model, agile construction model, critical chain, lean construction methodology etc. It is found that, among all of these construction methodologies the company should choose the most suitable one. In order to complete the project within estimated time frame and budget, work breakdown structure (WBS), development is a very important part to be considered and the activities should be widely followed by Construction Company to meet the project objectives.
In order to develop the project the project manager and the project team members of organization B should implement and apply agile project management methodology. It can be said that if all the PMM phases are maintained accordingly then the company can meet the project success easily and can also avoid risks (Hornstein 2015). The phase Agile project development methodology are as follows: envision, speculation, explore, adopt and close. With the adoption of agile project management methodology the company will be able to produce high quality products, satisfy more number of consumers, increase the level of control among the project and also can reduce the level of risks (Heagney 2016). With the successful implementation and application of the Agile project management methodology the rate of Return on Investment (ROI) also increases and the visibility of the project also get enhanced.
Project Management Methodologies for Organization C
Agile constriction project management methodology takes flexibility of the Agile software development as well as applies to the construction. A constriction can be defined as successfully completed if the sequential steps are followed by the project managers. Different materials for instance those are specified by the architects may require by the construction project manager during the implementation of the construction projects. This may took place the site or the resources are blocked with the addition of the problems. The construction of the construction projects are often handled with the usage of the project schedule and critical path activities as well. If the Agile project management methodology is applied properly then it will be able to deliver the following:
- The project is segmented in small parts which increases the project manageability. Mainly it implies that the project manger can easily manage the project track the progress of the project phases.
- Frequent project review can be generated which drives the project towards massive level of success. The project profitability and productivity increases a lot with these specifications.
- The construction project gains continual improvement that encourages the project manager and the project team members to successfully complete the project within estimated time and budget as well.
The Organization C is a financial service provider which has 800 working employees. The financial service centre is well established and mature organization and the is head quartered in Australia. The Finance company has a successful business model but they are looking for further improvement to grab more number of consumers from different location of Australia and outside also. The current business process followed by this organization C is regulator performance framework. This framework is beneficial for the company but still certain additional changes and improvements are required by the business organizations to gain effective success and measurable revenue from the competitive market. There are many project management methodologies available however among those the Organization C finance service provider company should choose the most suitable PMM. The aim of the company is to improve as well as enhance their project delivery capabilities.
In order to make these possible the finance service provider company should focus on internal promotion and professional development. The company has created a senior management team and the role of this team is to motivate the other project team members. The senior management team of the company is looking for everyday creativity and new ideas generation. The organization has also arranged professional training program so that the project team members can incorporate technical innovation to their projects.
The project management consultant will suggest the company to adopt an accurate project management methodology so that the issues that the commonwealth ban is facing can be resolved accordingly. It can be said that, with the successful adoption and implementation of project management methodology the bank will be able to gain new consumers and can also retain their existing customers (Wilson and Pender 2017). Not only this but also the company will also be able to gain effective revenue and successful competitive advantages from the market place. The turnoff level of trust will also increase a lot if proper project management methodology is adopted and applied by the project managers. Based on the project background the most suitable methodology should be adopted and the details of the resultant are illustrated below.
Conclusion
In order to develop the projects the finance service providing company should choose the most suitable project management methodology. The phases of Scrum PMM are initiation, planning, execution, control and closure. All of these phases are interconnected to each other, which imply that the input of one phase is the output of the very previous phase (Udagepola, et al. 2015). If any of the mediatory phase, is found to be nit executed accurately then the entire project outcome will be a failure. In order to keep the project team members engaged to their job roles within the project the issues that he finance service providing company may face will completely mitigated.
Scrum PMM helps the team to complete the project deliverables very quickly and efficiently. It ensures the effective usage of both the time and money. Large projects can be easily divided into small segments with this PMM. On the other hand it can drive a project towards fast moving development (Costantino, Di Gravio and Nonino 2015). The project team can also gain clear visibility with the scrum PMM. The project that will be implemented are coded and tested by the project developed and testers during the project implementation phase. The efforts of the individual team members are also become easier with the help of this Scrum project management methodology.
Conclusion
From the overall discussion it can be concluded that, with the application of proper project management methodologies all the issues that the three organizations are facing will be resolved entirely. After analyzing the details of the background of three of the companies is has been found that, all of these companies the project management methodologies are different those are to be adopted and applied accordingly. There are different project management methodologies such as PMBOK, Scrum, Prince2, agile methodologies those are required to be followed by the project owners of the business organizations should follow to gain effective measurable revenue and competitive advantages as well. However, only adoption of accurate project management methodology is not beneficial rather in addition to that application of that project management methodology is also very much necessary. It has been found that the managerial, functional and operational activities of the companies are not much stronger and thus the companies are facing certain serious business level risks. Project management methodology is referred to as a system of methods, principle and well as rules those are helpful to manage large project. It helps the business organizations to adopt the standardization process with accurate understandings. The standardized project management methodology supports the project team to build and manage an entire project staring from the initiation up to closure. With the help of the project management methodologies the companies will be able to manage the identified risks and challenges accordingly. In order to reach to the recurring success, the project management methodologies are again very much helpful. Apart from these it can reduce the level of project risks and also increases the chance of project success. Internal team motivation will increase the overall productivity of the organizations. Not only this but also with PMM the allotted project managers will also able to deliver the projects within estimated project budget and time as well.
Though with the adoption of proper project management methodologies most of the involved project level issues can be mitigated but at the same time certain mandatory recommendation are given by the project management consultancy those are to be followed as well to just not only mitigate but also resolve the issues completely. The implementation of a project management methodology is referred to as a management level activity. The project manager, project team members and the sponsors are responsible to track, check and monitor the progress of the project activity. The management structures are different in different business organizations. The project management methodology should never be implemented partly rather it should be implemented as a whole during the successful completion of the project. In order to successfully operate outside the country the companies should implement proper system in their organizations. In order to implement the system successfully the company should maintain incremental agile project management methodology which is consists of the following phases: initiation, planning, design, testing, implementation and testing. The chosen project management may not reach the expected outcome if it is found that the project team members are not enough skilled and knowledgeable. In order to mitigate the identified issue the organization should arrange professional training and development programs for the project team members. A tried and tested project management method such as PRINCE2 framework will help the project developers to meet the assigned project objectives with a reduced rate of risks. Even the project related factors those are to be considered by the project managers include scope, cost, tie, quality, risks and benefits.
References
Costantino, F., Di Gravio, G. and Nonino, F., 2015. Project selection in project portfolio management: An artificial neural network model based on critical success factors. International Journal of Project Management, 33(8), pp.1744-1754.
Heagney, J., 2016. Fundamentals of project management. AMACOM Div American Mgmt Assn.
Heldman, K., 2018. PMP: project management professional exam study guide. John Wiley & Sons.
Hornstein, H.A., 2015. The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), pp.291-298.
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Kucharska, W. and Kowalczyk, R., 2016. Trust, Collaborative Culture and Tacit Knowledge Sharing in Project Management–a Relationship Model.
Martens, M.L. and Carvalho, M.M., 2017. Key factors of sustainability in project management context: A survey exploring the project managers’ perspective. International Journal of Project Management, 35(6), pp.1084-1102.
Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success. International journal of project management, 32(2), pp.202-217.
Salameh, H., 2014. A framework to establish a project management office. European Journal of Business and Management, 6(9), 19-26.
Schwalbe, K., 2015. Information technology project management. Cengage Learning. Schlagwein, D., Thorogood, A. and Willcocks, L.P., 2014. How Commonwealth Bank of Australia Gained Benefits Using a Standards-Based, Multi-Provider Cloud Model. MIS Quarterly Executive, 13(4).
Sathye, M., 2015. Technical efficiency of large bank production in Asia and the Pacific.
Sah, B.N.P., Vasiljevic, T., McKechnie, S. and Donkor, O.N., 2016. Effect of pineapple waste powder on probiotic growth, antioxidant and antimutagenic activities of yogurt. Journal of food science and technology, 53(3), pp.1698-1708.
Shauki, E., 2016. Is This a Case of Self-Enlightened Interest or Genuine Accountability: A Study on Different Reporting Media in the Australian Retail Industry. Asia Pacific Journal of Accounting and Finance, 2(1), pp.51-76.
Bradlow, H. and Jayachandra, A., 2015. How digital infrastructure can substitute for physical infrastructure.
Wilson, J. and Pender, K., 2017. Employment law: Risky business: The legal hazards of relationships in the workplace. Ethos: Official Publication of the Law Society of the Australian Capital Territory, (245), p.20. Udagepola, K., Xiang, L., Afzal, N., Ali, M. and Robinson, M., 2015. Case Study: Cloud Computing Consumer Protocol in Australia. J. Appl. Environ. Biol. Sci, 5(9), pp.76-83.
Udagepola, K., Xiang, L., Afzal, N., Ali, M. and Robinson, M., 2015. Case Study: Cloud Computing Consumer Protocol in Australia. J. Appl. Environ. Biol. Sci, 5(9), pp.76-83.
Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
