Project management in the most volatile year of COVID-19
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The total savings directly attributable to the work on the project such as team traveling, accommodation, or other administrative costs, to some extent, are no longer incurred by the company in the remote work culture (Zuofa et al., 2021).
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LA TROBE BUSINESS SCHOOL 2022-MGT5PMT(S2) - PROJECT MANAGEMENT ASSESSMENT 2: VIRTUAL TEAMS IN PROJECT MANAGEMENT Lecturer: DR. FATIMA SHAHMEHR Student name: KIEU OANH VO Student ID: 21179931 Melbourne, Victoria 2022
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2020 can be seen as the most volatile year in history due to the outbreak of COVID- 19. The economic landscape, as a result, has changed dramatically, and project managementisnoexception.Typically,theriseofvirtualteamsinproject management is one of the most visible changes and predicted to dominate in the following years. Also, advanced technologies and virtual communication platforms play indispensable roles in accelerating the process of an organization’s transition into remote working (Mehtab et al., 2017). Even though the prevalence of virtual teams was already on the climb earlier, the disease has re-defined the role of this concept in project management. By leveraging the benefits of virtual teams, project managers canmitigaterisksoravoidunexpectedsituationsarisingfromtheCOVID-19 pandemic, but not limited to other crises. In addition, it is necessary to keep maintaining as well as empowering virtual teams as there is a high likelihood that remote work will continue to evolve and become the new normal even after the crisis. VIRTUAL TEAMS AND CRISIS MANAGEMENT Crises come in all shapes and sizes, as a project manager, there is nothing terrible than being informed that the project has missed deadlines, costs are overrun, and resources are not available. In the context of the COVID-19 unprecedented crisis, for example, it forced many organizations to establish virtual project teams, which has been proved tomitigatetherisksrelatedtoscheduling,budgeting,resourcingandthereby increasing the productivity of the entire project. In other words, project teams, without doubt, have to plan and manage schedules, budgets, and resources appropriately in order to preserve the project continuity during crisis situations. During the project life cycle, there are four notable advantages of virtual teams contributing to crisis management, which consist of cost saving, global talent pool, flexibility, and productivity enhancement. First of all, cost-effectiveness is one of the greatest benefits of virtual teams since it enables the organization to reduce or better, eliminate a certain amount of fixed costs like office space, equipment, and utilities. Expenses directly attributable to the work on the project such as team traveling, accommodation, or other administrative costs,
to some extent, are no longer incurred by the company in the remote work culture (Zuofa et al., 2021). In terms of cost management function, the implementation of virtual teams helps project teams to effectively control the cost and minimize it where possible. Since no one knows when the crisis will happen and how long it will last, it is better to save money in case of budgets overrun. The total savings can be used to fund management reserve and contingency reserve for the purpose of covering costs of unknown events or risks that might affect the project. Thesecondbenefitworthmentioningistalentaccessibility,whichmeans organizations can search for top talent from different parts of the country or even the world without bringing them together face-to-face. In the beginning, geographically dispersed teams were formed to enable collaboration among international and local experts who were not able to travel to work on the designated tasks (Garro-Abarca et al., 2021). Even so, today’s companies keep on battling for human resources, virtual teams concept allows them to gather and retain competent individuals for successful project delivery. It no longer makes sense, for instance, to hire a full-time local project team member with limited knowledge, and pay him benefits, when companies can easily now find subject matter experts who are far away to join their particular project.Furthermore,forlarge-scaleandcomplexprojects,manyorganizations strategically select resources which have appropriate skill sets and experience, even though they only can work in certain phases of the project. Effective project resource planning by forming a great geographically dispersed team, in turn, help companies cope with potential project failure risks. Thirdly, the flexible nature of virtual teams also facilitates businesses to deal with risks arising from communication and procurement. To be more specific, there might be difficulties in communication between project team members and customers due to language or cultural barriers. It leads to misunderstanding of customer requirements, and failure in project delivery, which consequently delays the overall schedule. However, with the involvement of a dispersed team, companies can flexibly hire an individual who is staying in the same country with their customers in order to better
clarify their specific demands. Moreover, as the remote employees work in the same time zone with clients, they can proactively and quickly respond or conduct urgent meetings if necessary. Therefore, important information is promptly updated while ensuring the project stays on schedule. During the lockdown period, many companies witnessed a shortage of materials due to supply chain disruptions. Virtual teams, who have close relationships with a wide range of global suppliers, can negotiate and ask for the allocation of alternative resources to cover the shortage (Handke et al., 2022). This way, scarcities of materials can be solved, which simultaneously gets the project back on track. Last but not least, virtual teams can enhance the project’s productivity since different groups of the team from different countries can work seamlessly in different time zones. In short, geographically dispersed teams follow the sun and complete work tasks on a 24/7 schedule. For example, team members in America start on a delegated task, when the day ends, they hand over their work in progress to another group in South East Asia, who then continue working on the following day, after their US- based teammates left off. This way, different parts of the team are possible to share the tasks day and night till the project is completed, which in turn, both meet deadlines and increase productivity (Lepsinger et al., 2010). Also, organizations can receive instant support to solve problems without overworking anyone during the crisis. In the worst case, one of the key employees got covid and could not perform his task while there were only three days left before the deadline. The project manager then can call for help from global-based teams and together accomplish the task on time. Overall, the implementation of virtual teams in project management is beneficial to the success of the project itself and the whole organization. Among all, three key project activities as scheduling, resourcing, and budgeting have been proven to be well-controlled, particularly in the severe crisis. In such a virtual environment, it is considered as a strategic vision of top management to constantly maintain and empower virtual project teams for the ultimate goal of success.
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MAINTAINING AND EMPOWERING VIRTUAL TEAMS Obviously, the COVID-19 pandemic forced small, medium, and large organizations, both in public and private sectors, to establish virtual teams which made use of information and communication technologies. And virtual project teams are here to stay in the post-pandemic world, thanks to the significant benefits mentioned so far. Forthelong-termdevelopmentandempowermentofvirtualteamsinproject management, it is recommended that leadership and advanced project management software should be mainly focused on. Leadershipinprojectmanagementisoneofthekeyaspectstoenhancethe performance of virtual teams. As a leader or project manager, it is better to possess bothtask-orientedandrelationship-orientedleadershipstyles(Liao,2017).The former focuses on specifying the project scope, budget, and timeline, then delegating tasks, clarifying duties of each team member, as well as closely monitoring the entire process. Also, a continuous review of individual capacity and project progression is keytoengagementandproductivity.Thelatter,meanwhile,emphasizesthe significanceofemployees’well-beingandinteractionsamongteammembers. Effective leadership ensures that each member, no matter their race, religion, or background will receive equal opportunities to be trained, supported, and recognized so that they feel a sense of being a part of the team while far away from each other. In today’s digital era, virtual teams need to make effective use of project management software, and Jira is one of them. This reputable tool helps simplify the way teams work together. It is because project stakeholders are based in different time zones, from different countries, and it is difficult or even impossible to make regular conference calls having enough team members. Jira allows people to delegate tasks, track project breakdowns, manage workloads as well as communicate seamlessly from anywhere, at any time. Although such advanced technology is beneficial for virtual project management, it depends to some extent on the nature and scale of the
project itself (Hunsaker et al., 2008). The organization then considers making a proper decision to choose which tools suit them most. In general, project management these days is no longer as it was before since the world is volatile, uncertain, complex, and ambiguous. The prevalence of virtual teams indicatesthatorganizationsaretryingtheirbesttoquicklyadapttochanging situations. Fortunately, the concept of a virtual working environment is advantageous to project management in terms of cost savings, talent accessibility, flexibility, and productivity. These benefits are positively associated with critical project areas includingschedule,resources,andbudgetmanagement.Forthesustainable development of virtual teams later, leadership effectiveness is unable to be ignored. And, the application of project management software is also a strategic solution for multiple complex projects. References Garro-Abarca, V., Palos-Sanchez, P., & Aguayo-Camacho, M. (2021). Virtual teams intimesofpandemic:Factorsthatinfluenceperformance.Frontiersin Psychology,12, 624637-624637. Handke, L., Klonek, F., O’Neill, T. A., & Kerschreiter, R. (2022). Unpacking the role of feedback in virtual team effectiveness.Small Group Research,53(1), 41-87. Hunsaker, P. L., & Hunsaker, J. S. (2008). Virtual teams: a leader's guide.Team Performance Management: An International Journal, 14(7/8),16-28. Lepsinger, R., & DeRosa, D. (2010).Virtual team success: A practical guide for working and leading from a distance.John Wiley & Sons. Liao, C. (2017). Leadershipin virtual teams:A multilevelperspective.Human Resource Management Review,27(4), 648-659. Mehtab, K., ur Rehman, A., Ishfaq, S., & Jamil, R. A. (2017). Virtual leadership: A review paper.Mediterranean Journal of Social Sciences,8(4), 183-193. Zuofa, T., & Ochieng, E. G. (2021). Investigating barriers to project delivery using virtual teams.Procedia Computer Science,181, 1083-1088.