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Analysis of Project Management Plan

   

Added on  2020-07-22

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Leadership ManagementProfessional DevelopmentData Science and Big DataEnvironmental SciencePolitical Science
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MBA Dissertation
Analysis of Project Management Plan_1

TABLE OF CONTENTSDissertation Chapter - Literature Review........................................................................................1INTRODUCTION...........................................................................................................................1PROJECT MANAGEMENT...........................................................................................................2PROJECT MANAGER COMPETENCES.....................................................................................5PROJECT SUCCESS AND FAILURE...........................................................................................8CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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Dissertation Chapter - Literature ReviewINTRODUCTIONProject management is stated to be an important aspect that directly leads to anassured work setting. This is mainly on considering its use of delivering right work at rightperiod of time to achieve the real standards in terms of quality (Verzuh, 2015). Projectmanagement is basically referred to be an application of skills, knowledge, techniques andtools to a wide range of activities for meeting the originated necessities of a specific project.It is thereby referred to have 5 distinct phases involving the conception of the project for itsinitiation. This involves a team for the process of decision making with a primaryresponsibility of understanding the realistic nature of an undertaken project.Second phase involves defining the project and plot a plan for it. It involves a projectcharter to outline the tasks to be performed for its timely completion and in accordance to itsdetermined scope. Team at this particular phase is required to prioritize the project bytogether calculating the budget required to complete it within a stipulated time period (Larsonand Gray, 2013). Also, the determination of any other related resources, needed for project’scompletion is finalized at this particular stage. The third phase is all about the launch andimplementation of the project in accordance to the above undertaken tactics. Herein, the tasksare being allotted to the teams by together notifying them about their responsibilities wherethis stage is suitable for scrutinizing significant project related data.The next stage is all about measuring the performance of the project and controllingany deviating measures going against the planned approach. For this purpose, the projectmanagers will be directly responsible to compare the existent status of the project with that tothe progress of the real plan (Walker, 2015). This is to verify whether the undertakenresources are performing in accordance to the planned work to further adjust any discrepancyin the intended plan. This is essential to keep the project on track. Closure of the project is thefinal phase with a foremost intervention of the client to give approval for the attainedoutcomes. Although, it together represents a foremost involvement of the project managersand leaders to evaluate the same to either highlight the accomplishment of the project or tolearn from its history.Although, the projects and its management procedures tend to differ from oneindustrial sector to another where the above-mentioned process includes traditionalconstituents for administrating a project. The all-encompassing purpose is to typicallypropose a product, bringing change in any adopted procedure for resolving an issue to benefit1
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the entire organization (Mir and Pinnington, 2014). The current report is based on a similaraspect of project management where it has principally focused on the competencies of theproject managers to contribute in the success of undertaken projects who are responsible tohandle mining related projects. It is with a special context of mining companies situated inthe Western Region of Ghana. PROJECT MANAGEMENTProject Management (PM) plays a key role when it comes to the implementation ofprojects. It requires the application of skills, knowledge, tools, and the PM processes(“initiating, planning, executing, monitoring and controlling, and closing”) (Kostalova,Tetrevova, & Patak, 2017, p.301). A project is either successful or unsuccessful, but how dowe define project success or failure? According to Turner and Zolin (2012) cited in (Serrador& Rodney Turner, 2014, p.75), the success of a project is judged at the end of the project, andthis is done by determining whether the scope was met within time and cost, and the outputmeet specification. In the following month, the success is measured by checking to see if theperformance of the output is as expected and it is given the required benefits. Within thefollowing year, the success is measured based on the organizational performance that iswhether the output has improved the performance.If the findings are all positive then the project is said to be successful; however, theproject would be a failure when they are negative. The key element that determines theoutcome of a project is considered as project success factors. The traditional iron triangle(cost, quality, and time) has been the measure of project success; however, this concept hasbeen challenged, and currently, capital asset and client satisfaction have been added byfacilities managers ('Project success factors: The opinion of facilities managers,' 2016).Through the project manager job advertisement, an analysis of the required competencies hasbeen grouped into “knowledge, skills, and abilities” (Ahsan, Ho, & Khan, n.d.) and they arethe building blocks of project manager competencies. In addition to the above generic reviewof the key concepts (project management, project success, project failures, project managers’competencies, and success factors) of my proposed dissertation work, the following articlesare relevant to the research work “The Relationship Between Project Manager’sCompetencies and the Project Success: A study of the Mining Companies in the WesternRegion of Ghana.”This section has discoursed upon the term project management where afterascertaining its connotation, it is stated to be an important concept for efficiently handling the2
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