Managing Project

Managing Project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Defines the key characteristics of any project.............................................................................1
Who is stakeholder? Purpose of stakeholder analysis and why it is important..........................2
The purpose of project initiation document................................................................................2
Purpose of feasibility and its importance in terms of management decision making.................2
Knowledge areas in project management and the importance of any two..................................3
Attributes and characteristic of a project manager......................................................................3
Benefits of a network diagram....................................................................................................3
TASK 2............................................................................................................................................5
Project.........................................................................................................................................5
Project life cycle stages...............................................................................................................5
Elements and processes within the 9 knowledge areas...............................................................8
Leadership skills.........................................................................................................................8
Controlling and monitoring of problems....................................................................................9
Recommendations.......................................................................................................................9
CONCLUSION .............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
The management of projects is an overall procedure that leads the team work under
which the ability of the business to achieve its objectives and goals so as to meet the success and
growth is addressed in specified period of time. It is more needed while achieving the project
objectives that all the induced activities and task are achieved within the timely manner. The
managed project is the better reflection of meeting of goals while accomplishing scope with the
parallel progress of the project plan (Cronk, 2019). The below report consist of two different task
in which task 1 consist of demonstration of various competence with respect to management of
several resources. On the other hand, Task 2 is based on the case study "The Euro Centre" which
is constructive in Dockland, London and specified as a construction of Hughes Communication
Ltd (HCL) that makes contract to test, install and commission of IT and communication
infrastructure.
TASK 1
Defines the key characteristics of any project
The IT project which is developed as per the consideration of various variables and
characteristic as like definable purposes that is resulted in better outcomes. There are many other
characteristics as well that is as explained below as:
 The uniqueness within the working is maintained by which the different project is
developed which is completely different from the previous ones.
 All the temporary activities are managed and controlled in systematic manner by which
all the equipments, activities, materials are designed to complete the project in adequate
manner (Edwards, 2020).
 The processing of any of the project must be attained much unfamiliarity by which it is
not as be similar with any of the previous projects. In addition all the risk and technology
has plays significant role thus have managed in appropriate manner.
 The project has been passes through different phases thus it is requires that changes has
been occurred as per the management of various expenditure and investment by which
better outcome are conceived in timely basis.
1

Who is stakeholder? Purpose of stakeholder analysis and why it is important
The stakeholder is an individual who has appropriate interest and concern in some
specific activity of the business. It might be an individual or a group that shows its interest
towards the stock performance or appreciation of business. The stakeholder analysis is being
used to identify and analyse the various needs and demand in order to develop or designed the
better quality products and services as per its initial stage. The vital purpose of this analysis is
that it includes interpretation of qualitative data and statistics as per the adequate examination. It
is more important as it helps to identifies the interest of all the stakeholders that has direct impact
on the project completion (Freeman, 2020).
The purpose of project initiation document
The project initiation document is being used to record or capture the limited information
which is needed to plan and define the different prospect of project. It is mostly dependent on the
mandates of project that is processed as by maintaining aim in order to meet the expectation of
projects and its completion in effective manner (Mamédio, 2020). The three items that are
founded in project initiation document are as purpose, scope statements and quality plan that
collectively represent the detailed version of document.
Purpose of feasibility and its importance in terms of management decision making
The feasibility is being used to measure the viability of any thoughts and ideas through
which certain level outcome is developed. It also ensures that working is processed that is more
legal and technical and aid to implement economic justifications. It contains the practicability
that assist to make appropriate focus on different possibilities. The prior purpose it to measure
economic values that are undertaken in project and its benefits. The management decision
making is based on the timeline and budget that is associated within the certain project as it
provides cost benefits by which alternative possibilities are verified in proper manner.
Knowledge areas in project management and the importance of any two
The nine knowledge areas in project management are project integration management,
project time management, project scope management, project resource management, project
quality management, project risk management, project communication management, project
procurement management and project stakeholder management (Polonsky, 2018). The two of
them are as explained below as:
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