Project Management - Poster and Defence

This poster presentation provides an overview of different approaches to project management, including traditional, agile, and waterfall approaches, and control techniques such as WBS, systems, program management, Gantt chart, and CPM. The presentation concludes that project management is an important technique for regulating business operations in complex markets and delivering productive outcomes while being engaged in a variety of project tasks.

Project Management
Chart Title
Chart Title
Introduction
The term project management refers to a process of leading the work of a
team for the attainment of desired project goals within the provided
constraints. It is an important concept on the basis of which complex
business tasks can be simplified and effective business operations can be
performed. In the provided poster relative concept of project
management would be taken into consideration.
Theoretical approaches of project
management
The project management approach is compatible but not identical to the
project management methodology. There are several approaches to
project management that are listed below;
Traditional
The given approach for project management is used when engaging
with repeated business tasks and the same desired level of outcomes
are required over a specified period of time and under forecasted
budget.
Agile
For the stated methodology effective business workings/ operations
under a dynamic business environment are being ensured. With this
approach, managers in the project firm are able to receive instant
feedback in real-time. Therefore, is an effective approach while
working in a business dynamic environment.
Waterfall
The stated approach suits best for projects that have linear steps. It
defines critical pathways under which better coordination of
business tasks can be attained. This sets effective terms on the basis
of which completion of business goals and objectives can be
attained under precise time and budget.
Systems
For this project management methodology, a systematic approach
towards a variety of business operations is being taken into
consideration. This includes activities of planning, monitoring and
controlling that integrates productive activities of the business firm.
Program management
The technique of project management guides better operations of the
business firm for handling multiple activities at once. Through this
growth objective of the project firm can be achieved..
Control techniques utilised to deliver a
successful project
The controlling process refers to a technique through which long-term
project objectives can be critically pathed towards the corrective
direction. Under the technique following are controlling techniques that
can be utilised to deliver a successful project;
WBS
For this technique lists of projects, activities are presented in a
hierarchical structure and better scope of organising workplace activities
are being taken into consideration. This clearly establishes a critical path
through structured project activities aimed to the completion of project
goals.
Gantt chart
For this technique, proper planning and scheduling of tasks over one or
multiple projects can be taken into consideration.
CPM
Critical path methods are a project management technique that is
inclusive of lists of tasks with durations in respect to completing the
task. This refers to project milestones and developing better standards of
working in the project firm.
Conclusion
From the analysis of the above poster, it can be concluded that project
management is an important technique through which business
operations can be regulated in complex markets. This allows managers
of the firm to deliver productive outcomes while being engaged in a
variety of project tasks.
References
Ju, X., Ferreira, F.A. and Wang, M., 2020. Innovation, agile project
management and firm performance in a public sector-dominated
economy: Empirical evidence from high-tech small and medium-sized
enterprises in China. Socio-Economic Planning Sciences, 72, p.100779.
Jugdev, K., Mathur, G. and Fung, T., 2019. Mediated effect of project
management asset characteristics on firm performance. International
Journal of Managing Projects in Business.
Torres, A.S., Sriraman, V. and Ortiz, A.M., 2019. Implementing project
based learning pedagogy in concrete industry project
management. International Journal of Construction Education and
Research, 15(1), pp.62-79.