These are the essential technical subject

Running head: PROJECT MANAGEMENT
PROJECT MANAGEMENT
Name of the Student:
Name of the University:
Author’s Note:

1PROJECT MANAGEMENT
Introduction:-
This report is mainly related to the MAXIMA case study. MAXIMA is the largest trade
organization in the Baltic city. In 2006, MAXIMA was reaching 1.85 billion euro income.
Luckily, MAXIMA's revenue is enhancing by 21% than the forgoing year. MAXIMA is very
much self-confident and states that in 2007 they improve their income rate greater than 20%.
MAXIMA is starting new outlets all over Lithuania, Estonia, Bulgaria, and Latvia and the
number of outlets is more than 350 (Rehacek , 2017). Almost 15000 proprietors and workers are
working in Lithuania, and 9000 workers are working in other nations. This organization actuates
a Customer authenticity program that distributes its associate's access. In this assignment, the
report maker is a critical analysis of the essential guidance style and also relate the perfect
project management tools which help to identify the risk management system.
Discussion:-
Project Management book of knowledge:-
PMI produced a set of standard guidelines and expressions for project management,
which is identifying as the PMBOK knowledge areas. There is an evolving standard that is
rationalized irregularly in its PMBOK. The knowledge areas take place during any one of these
systematic processes (Sims & Kramer, 2015). The team can become cautious the parallel process
group, though the knowledge areas are vertical. These are the essential technical subject matter,
which is necessary for an active PM process. MAXIMA has set the strategic objective to recruit
train and protect the most remarkable staffs and to accept their confidence. The project
management procedure is connecting to the five steps like project starting, planning, execution,
controlling and finishing. These project knowledge area linked with the cost management, time

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management, scope management, shareholder management, risk management, quality
management etc (Fang, Marle & Xie , 2016). The MAXIMA administrator has established the
outline which can aid to improve several knowledge areas like a scope, shareholder, cost etc.
MAXIMA use these PMBOK methods, and they deliver outstanding consumer services and
enhance their commercial revenue.
Code of ethics:-
This organization is maintaining the PMI code for enhancing its commercial structure.
These organizations are supporting honesty, responsibility, justice and respect, which can help to
raise their progress (Aven, 2016). The teams are bearing their correct application which can
involve the ethical significances. The PM principles and Professional Behavior can contribute to
the group in making practical choices, mainly when the project group are attempted with harsh
situations when the team might be investigating to negotiate the integrity and values. The
penetration code will exhibit other teams which are ethical and honest.
Several Approaches:-
Different project management approaches are helpful to complete this project. Agile
project management is the one vital project management methodologies (Matharu et al., 2015).
These organization's project team can monitor these procedures for implementing the plan. Agile
methods can focus on elasticity to constant variation, condition and normal response where
MAXIMA and customers need to be in on the construction process. In this Agile method is
usually appropriate for decreased software projects and improves there development plan.
Apart from the agile methodologies, another method is that Prince 2, which is the process
concerned methodology (Kliem & Ludin , 2019). MAXIMA can regulate the project requirement

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scale with the help of this methodology. These methodologies are concentrating on MAXIMA's
commercial structure and also recognize the upcoming approach. These methods are helpful for
business improvement. The MAXIMA management team used these approaches. Then their
project became very much successful and productive.
PMBOK approaches are the one project management methodologies which support to the
MAXIMA expert to generate the universal project (Zulch , 2014). PMBOK methodologies are
growing steadily and help to modernize the regular discoveries. If these organizations are using
PMBOK methodologies, then they should identify some stages which can be useful for this
project. MAXIMA is declaring for an identical feature and best prices. MAXIMA project teams
are trying to improve their corporate structure and create a new model which can deliver
excellent customer facilities.
Risk Management:-
These organization can improve a high level of ability in the new works construction
projects. MAXIMA is trying to increase skills for handling the strategic idea. Risk management
is the process of evaluating, monitoring and recognizing dangers to the Maxima's incomes and
resources. These dangers could break from a wide variety of resources, including monetary
reluctance, legal accountabilities, strategic management mistakes, true misadventures and
coincidences (Pilkaitė & Chmieliauskas , 2015). As a consequence, a risk management plan
gradually contains MAXIMA's processes for categorizing and observing dangers to its digital
properties, including exclusive profitable data, a client's individually different information
property and intellectual (Virine & Trumper ,2017). Maxima's significant problems are to
approve a severe development figure minded individuals and to reach timely message and
contribution on development actions with the prominent business association.

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Proper risk identification is very much vital for the project management team. If
MAXIMA is not making a suitable plan, so it is the substantial disappointment of the project.
The MAXIMA has not its R&D team (Rasnacis & Berzisa , 2017). Every business organization
is charged with the responsibility to evaluation originalities in their specific areas and make
suggestions for project developments. The vital project objective is to implement the proper
structure and costing system, which can receive a further expansion. According to the PMBOK,
risk study as a partition of PM is efficiently non-existent. These tools are one vital tool which can
aid to manage the project risk professionally (Williams et al., 2017). With the help of PMBOK,
the MAXIMA project team can monitors some risk management procedures like risk
documentation, risk monitoring, risk responses, qualitative and measurable risk analysis etc.
This first step contains the construction of a risk management plan, a module of the
general project management plan (Xing & Guan, 2017).It covers things like describing the risk
classifications like market, resources, gaining, etc. There are usually possible agenda or cost
investments created on project actions, and categorizing them in the risk list is the first step to
taking those predictions. Qualitative risk management is connecting to the two characteristics
like occurrence and impact (Kerzner, 2017). Every threat on the risk register is investigating and
an arrangement distributed to the two critical variables. MAXIMA project team should continue
the PMBOK methodologies, which are useful for investigation the risk management and
shareholder.
Proper Methodologies for MAXIMA:-
The most appropriate and suitable methodology for Maxima is an Agile methodology. It
is greatest suited for iterative and incremental projects, hence Agile would be necessary for this
(Kumar & Govender , 2016). It is a process type of process, in which explanations and demands

5PROJECT MANAGEMENT
get change via the collective effort of cross-functional groups as well as clients. Furthermore, the
head of these project team would be capable of getting an assessable and purer structure, which
can adoptive change recognition, iterative development and team collaboration. The Maxima
project manager would be competent to confirm customer association, and as an effect, the
customer approval would be improving to a superior level. As software is to be made by the
association (MAXIMA), several changing necessities could be easily accommodating in the
entire improvement process over the agile methodology.
Management controlling procedure:-
Maximum administrators usually monitor to one or two preferred governance style with
which they feel relaxed. All crucial leaders are linked suggestively to these Maxima project;
some leadership styles are participative, Directive and Sympathetic, Transformational etc. In
MAXIMA project, two leadership styles are very much important, like participative and
Directive.
Directive management control styles are skilled at providing structure at explicatory
employees' opinions of their roles. The project team are very much capable of choosing on their
staff necessities for supporting commercial construction. Maxima has also launched air ticket
facilities for its airline companion. So for these styles, the project team investigates methodically
their client's necessities. MAXIMA project management team are judged their mission in
different viewpoints. They can select different procedures to finish this project. If the MAXIMA
project teams are using agile approaches, then they quickly notice the different side like project
risks, scope and associated shareholders etc. In these MAXIMA project are not entirely
successful because there has not own investigation team. So they depend on another

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development team. MAXIMA always inspects client self-service choices and contribute
considerately in supply chain developments.
Improvement Strategy:-
These project teams are trying to improve their project. If these team can monitor some
systematic plan, then they are efficiently developing their project. Initially, the entire project
team should aware about the change management process. Open partnership and communication
are essential for making a shared impression, and finally, for keeping projects on track and
confirming a positive achievement. This status is enhanced even further when several teams need
to work in presentation across the MAXIMA. The MAXIMA project team are keeping a perfect
communication strategy, and then they professionally developed there project. Maxima have
some vertical business channels with single policies, workflows and corporate areas. If these
project groups are following the regulations of all commercial channel at one time, so they
confidently achieve the project success.
Conclusion:-
MAXIMA is the most valuable retail business group. This organization was expected to
income more than 20% in 2007. This organization is trying to deliver the best client services, and
that's why they are hiring some skilled workers. The ethics of the MAXIMA is to provide the
best retail services and distribute the quality product. MAXIMA project teams are trying to
create a customer-friendly atmosphere with the help of several project methodologies. These
developments are not entirely practical because the team are not identifiers the appropriate
stakeholders who make a crucial role in this project.

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References:-
Aven, T. (2016). Risk assessment and risk management: Review of recent advances on their
foundation. European Journal of Operational Research, 253(1), 1-13.
Fang, C., Marle, F., & Xie, M. (2016). Applying importance measures to risk analysis in
engineering project using a risk network model. IEEE Systems Journal, 11(3), 1548-
1556.
Kerzner, H. (2017). Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Kliem, R. L., & Ludin, I. S. (2019). Reducing project risk. Routledge.
Kumar, D., & Govender, I. (2016). Bringing agile practice to the classroom: Student voices of
third-year major project implementation. African Journal of Science, Technology,
Innovation and Development, 8(5-6), 423-428.
Matharu, G. S., Mishra, A., Singh, H., & Upadhyay, P. (2015). Empirical study of agile software
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