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Project Management: Aligning Time, Cost, and Scope for Successful Completion

Reflect on a guest lecture by a Project Management professional, analyze key points, demonstrate research, and present discussion and analysis of key themes in project management.

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Added on  2023-06-12

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This paper discusses the core managerial skills required for successful project completion, including aligning time, cost, and scope. It emphasizes the importance of a scope management plan and communication plan, and how to handle the triple constraints of project management. The paper also includes insights from a CEO on project management and practical experiences to resolve complexity at the workplace.

Project Management: Aligning Time, Cost, and Scope for Successful Completion

Reflect on a guest lecture by a Project Management professional, analyze key points, demonstrate research, and present discussion and analysis of key themes in project management.

   Added on 2023-06-12

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Project Management
Project Management: Aligning Time, Cost, and Scope for Successful Completion_1
Contents
Introduction:.............................................................................................................................................2
Background:.............................................................................................................................................2
Discussion and Analysis:.........................................................................................................................3
Aligning project to business strategy.......................................................................................................4
Scope Management plan..........................................................................................................................6
Communication plan................................................................................................................................6
Triple constraints.....................................................................................................................................7
Conclusion...............................................................................................................................................8
References:...............................................................................................................................................8
Project Management: Aligning Time, Cost, and Scope for Successful Completion_2
Introduction:
The project can be successfully completed with the application of effective managerial skills
for handling tasks and flow of processes without any distraction, chaos, conflicts, and
constraints. The manager should develop some key skills for implementing the strategic plan
to resolve the potential constraints associated with the projects. In this paper we are looking
forward on the core managerial skills which the project manager should adapt for handling
the smooth flow of the business operation. The working structure of the role and
responsibilities of the project manager should align with the project objectives so that he will
be able to manage effective communication, handling of constraints and risks, follow up of
negotiation procedures, and management of conflict at work place. During the course plan, I
have been analysed that the operational plan of the project is equipped with three constraints
which are categorised as time, cost, and scope.
Background:
I meet with the CEO of ABC cotton textile manufacturing industry to know about his
working experience as the project manager. He shared his experience about the skills and
expertise which is required to become a good manager. He stated that the capability of the
manager can be judged on the basis of completing the project within approved budget and
time. The supervision of the process activities by setting out their priorities in undertaken
processes is the core responsibility of the project manager to get effective outcome of the
project. He shares his some practical experiences to resolve the complexity at work place.
The project process gets affected if the proper steps are not taken to manage he constraints
related to time, cost, and scope. He suggested that the critical path of the process should be
developed so that the critical activities should be carried out before non-critical activities so
that no delay occurs in the project allocated time for completion. The interdependencies of
the processes should be judged so that the completion of one process does not affect the
working schedule of the other process. The identification of the complexity which is
amalgamated with the project process should be judged and proper strategy should be
planned to resolve the complexity proactively before the start-up of the project. This helps in
completing the project without any distraction and chaos with the end product (Hamid,
Ghafoor, and Shah, 2012). The long term sustainability of the project can be achieved by
measuring the value of constraints and their effect on the business operational plan. The
Project Management: Aligning Time, Cost, and Scope for Successful Completion_3

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