Project Management: Methods, Models, Theories, Risks, Feasibility, Team Roles, Software

This document discusses project management methods, models, and underpinning theories, project planning methods, individual plan, and project management processes, risks management and mitigation in project, feasibility of the project, evaluation of role and responsibilities of project team members, and uses and effectiveness of project management software.

Project Management

Contents
Evaluation of project management methods, models, and underpinning theories:....................2
Value of project planning methods, individual plan, and project management processes........2
Risks management and mitigation in project.............................................................................2
Feasibility of the project.............................................................................................................3
Evaluation of role and responsibilities of project team members..............................................4
Uses and effectiveness of project management software...........................................................4
References..................................................................................................................................5

Evaluation of project management methods, models, and underpinning theories:
The successful completion of the project depends on the assimilation of project management
methods, models, and underpinning theories. Advancement in the global change and trends
can be managed by deploying planning techniques so that easy flow of information and data
can be done to achieve the common goal of undertaken project (Kumar, and Bansal, 2010).
Project management methods helps in developing relationship with the control and designing
phase of operation management program. Behaviour and attitude of the project management
team can be judged by deploying the required project management. Sources are pin-point to
facilitate the operational program and undertaken processes. Theoretical framework and
study of the project depends on the assessment of scope management plan, necessary
operation plan, and conceptualization of work. It helps in defining the strategic approach
which is taken to achieve the final objectives.
Value of project planning methods, individual plan, and project management processes
Delivery of the project within the approved time and cost can be significantly achieved by
implementing the project planning methods. Return of investment can be improved by
defining the individual plan of the workers so that work and tasks can be completed within in
time by using limited resources. Project management process is the sequential steps which are
deployed for retrieving the common goal of the project (Haughey, 2014). Initiation phase
helps in giving clear understanding of the project scope and requirement specification plan.
Planning phase is used to drive the activities schedule for the implementation of the project
plan. Strategic and tactical planning are done for achieving the project goal and objectives.
Project planning methods plays a vital role in estimating the project cost, time, resource
utilization and distribution, and others.
Risks management and mitigation in project
Association of risks in the project development phases increases complexities to complete the
project processes within the given time frame and cost. Management of risks is the most
crucial step for the successful completion of project. It is required to identify the risks at an
early stage of the project so that priority can be set to develop the risks mitigation plan
accordingly. Designing of the risk mitigation plan depends on the type of risks associated

with the project such as risks during execution, risk during integration process, and unknown
risks.
Mitigation of risks in the global project can be done by having clear understanding of the
project requirement, determining the right team, managing communication between team
members, assessment of feasibility, testing, and development of alternative plan (Sulaman,
Weyns, and Host, 2013).
Mitigation of risks in complex project depends on evaluating the factors which are
responsible for increasing the complexity of the project. In complex project, risks databases
are created, checklists are prepared, SWOT analysis, development of specialised techniques,
and others.
Mitigation of risks sensitive projects depends on analysing the sensitive and core processes of
the project. It is required to developed a critical path so that critical activities are completed
before the completion of non-critical activities (Ollows, 2015).
Feasibility of the project
Feasibility analysis of the project helps in providing the clear understanding and applicability
of project features in economic, operational, and technical areas (Ryan, and Efatmaneshnik,
2015). Feasibility of the individual project is checked by evaluating the suitability of the
project in following areas:
Technical feasibility: Technical feasibility focuses on managing the technical resources for
the completion of project development plan. Connectivity between the hardware and software
can be achieved by conducting evaluation of technical suitability and requirement.
Economic Feasibility: Economic feasibility is used for identifying the cost benefit analysis.
Allocation of the financial resources can be done in synchronised manner so that decision
making processes can be facilitated to improve the project performance.
Operational Feasibility: Operational feasibility is used for analysing the project process to
achieve the common goal of the project. Requirement analysis is carried out for system
development.

Legal Feasibility: Operational plan of the project is developed by giving emphasis on the
legal obligations which can be imposed on the working process.
Project schedule feasibility: Project success can be measured by evaluating the feasibility of
the project schedule in meeting the project objectives within the specified time and cost.
Evaluation of role and responsibilities of project team members
Contribution and willingness of the project team members in completing their given task with
efficiency and expertise is used to measure the quality of product and services provided by
the end output of project development process. Systematic organization of the project team
with dedicated responsibilities and control plays a crucial role in the successful completion of
the project. Dependency of the activities can be measured by evaluating time, cost, resource
utilization, and stakeholder engagement plan (Taherdoost, and Keshavarzsaleh, 2016).
Operational efficiency and monitoring of the project can be accelerated by the active
participation of the team members. Skills and expertise of the team members provides quality
of work at the completion of phases.
Responsibility should be given to the team members by evaluating the working capabilities,
contribution, and willingness so that operational capabilities can be improved and enhanced
the quality of service and facilities provided to the end users.
Uses and effectiveness of project management software
Project management software are used for developing the project schedule. Project planning,
cost estimation, resource allocation, and time management can be effectively done by using
the project management software such as Microsoft Project, Primavera, and others. These
software helps in tracking and monitoring the completion of project activities within the
dedicated time and cost. Project management software plays major role in:
 Development of project plan and activities schedule
 Tracking and monitoring the completion of project activities within the dedicated time
and cost
 Allocation of time duration for completing the given tasks
 Allocation of resources to the activities

 Allocation of cost to the activities
 Managing communication and coordination between the internal and external
stakeholders
 Development of project documentation
 Graphical user interface increases suitability of software use for managing and
planning project
References
Haughey, D. (2014). The role of project manager. Ebook [Online]. Available at:
https://www.projectsmart.co.uk/the-role-of-the-project-manager.php [Accessed on 07 Sep,
2019]
Kumar, G., and Bansal, A. (2010). Project monitoring and control. National conference on
role and application of ICT in accessible areas. Available at:
https://www.researchgate.net/publication/260952275_Project_Monitoring_and_Control_PM
C [Accessed on 06 September, 2019]
Ollows, M. (2015). Impact of project management practices on organizational performance
of small and medium size enterprise. Ebook [Online]. Available at:
https://pdfs.semanticscholar.org/54df/ab7249751f0d1ab5d56bf899cdaede55e5aa.pdf
[Accessed on 07 Sep, 2019]
Ryan, M., and Efatmaneshnik, M. (2015). Fundamentals of system complexity measures.
Ebook [Online]. Available at:
https://www.researchgate.net/publication/274663152_Fundamentals_of_System_Complexity
_Measures [Accessed on 06 September, 2019]
Sulaman, S., Weyns, K., and Host, M. (2013). A review of research on risks analysis methods
for IT system. Ebook [Online]. Available at:
https://www.researchgate.net/publication/235330202_A_Review_of_Research_on_Risk_Ana
lysis_Methods_for_IT_Systems [Accessed on 06 September, 2019]
Taherdoost, H., and Keshavarzsaleh, A. (2016). Critical factors that lead to project
success/failure in global market place. International conference on interdisciplinary in
engineering, 22(2016). Available at: https://core.ac.uk/download/pdf/82098133.pdf
[Accessed on 07 Sep, 2019]