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