Project Management: Benefits, Research Opportunities, and Recent Developments

This article discusses the concept of project management, its benefits, recent developments, and research opportunities. It also includes personal learning outcomes and experiences of a project manager. The article emphasizes the importance of efficient project management in achieving project goals within the prescribed time and cost. It also highlights the significance of stakeholder analysis, risk mitigation, and effective communication in project management. The article provides supporting documentation and references for further reading.

Project Management

Contents
Weekly Portfolio Learning Table..........................................................................................................2
Reflection and conclusion:....................................................................................................................7

Weekly Portfolio Learning Table
Topic and Reading
samples
Personal learning
outcome from the
unit
Learning from
experience
Supporting
documentation
Lecture slides Concept of project
management
Its benefits for the
project
As a project manager
of the organization, I
came across that the
traditional working
of my organization is
inefficient to handle
the projects. The
traditional working
practices are not
sufficient to handle
the monthly report
associated with the
project progress, no
accuracy in the
database
management system,
inefficiency in
developing
relationship between
coordinating units,
and other
Research paper on
Project management:
Recent development
and research
opportunities
By: Nicholas Hall
From the literature
review of the article,
I am able to learn the
efficiency of the
project management
in handling the
project tasks and
processes efficiently
because the project
management is the
discipline which is
used for managing
the set of activities in
achieving the project
mission or goal
within the prescribed
time and cost. The
completion of the
project is divided
into 5 phases which
are classified as
project initiation
phase, project
From the research
study, I conclude that
my experience and
learning was very
limited. As a project
manager I have to
broaden my area of
skills and expertise
for the efficient
working of the
project undertaken.
From the learning
experience of the
past, I found that the
project can be
efficiently completed
with the clear
determination of
requirement
specification plan
approved from the
stakeholder. The
review meetings play
The project
management theory
and the management
of research project
by E. KJolehede

planning
The implementation
of the project
management process
helps in adding value
to the project
completion. The
complexity
associated with the
project can be
efficiently resolved
with the use of
project management
life cycle. The use of
this modern
technology becomes
the important part of
organization. It
provides the well-
defined structure for
the project activities
which are undertaken
to complete the
organizational goal.
The predictability of
the project manager
can be increased with
the use of this
technology because it
helps in increasing
the capability to
analyse the risks and
issues associated
with the scheduled
activities.
an important role in
the project
development. From
the research findings,
it can be right to say
that the interaction
and correlation
between the project
activities helps in
providing better
scope of team
management.
It is difficult in
analysing the risks
associated with the
project proactively
before its
implementation in
the daily curriculum
activities. The
productivity of the
team depends on the
communication plan
laid down for
managing
interrelationship
between coordinating
parties. The
expansion of the
services is the risks
associated with the
future program. The
collaboration
between the team
members is the major
problem which can
give rise to the
distraction, chaos,
and conflicts.
Research paper on
Innovation project
management: a
research agenda.
By: S. Filippov and
H. Mooi
The functional
module of the project
management helps in
analysing the
effectiveness of the
project manager in
the development of
From the project
working learning
experience, I found
that the focus of the
project plan is on the
five different areas
which are named as
Research paper on
project management
by O. Passenheim
And
Amazing project

the project phases.
The development of
the project depends
on the focus in ten
different areas which
are named as project
integration, scope
management plan,
time management
plan, cost associated
with the project,
quality management
plan, procurement
management plan,
human resource
utilization process,
communication
management plan,
risk identification
and mitigation
policies, and
stakeholder analysis
and management.
project initiation,
project planning,
project execution,
monitoring and
controlling, and
closing procedure.
From the findings of
the paper, It is
estimated that the
stakeholder analysis
is the key part of the
project for managing
the cost structure of
the plan with the
division of
responsibilities
among the human
resources. The aim of
the project
management
activities is to
manage coordination
and interrelationship
among the
undertaken project
activities,
arrangement of the
project review
meetings periodically
helps in resolving the
issues of distraction,
ensuring regulatory
compliance
procedure for the
settlement of legal
and political issues,
providing good
quality deliverables
of the project, and
ensuring feedback
procedures for the
deployment of the
project processes
management
research: perspective
from top
management journal
By Y. Kwak and F.
Anbari
The scheduling of the
project activities is
the key role of the
project management
discipline if
implemented within
the working culture
In the project
planning phase, my
focus is to deploy
effective project
methodology for
synchronising the
activities towards the
Research paper on
Project management
in the international
development
industry.
By L. Ika

of the enterprise. The
forecasting of the
activities helps in
determining the
effectiveness of the
project plan
proactively. The
identification of the
risks can be
effectively done with
the analysis of the
project activity
schedule. The project
management is
implemented within
the working
curriculum of the
enterprise to develop
a working plan for
achieving the project
goal and mission,
developing the
project activity
schedule,
establishing the
milestone of different
activities,
determining the skills
and expertise of the
team members,
development of the
scope management
plan for the
organization,
development of
change requirement
specification plan,
estimating the time
line for the project
completion,
allocating resources
to the different team
members, assigning
of roles and
responsibilities of
team members,
rescheduling of the
procurement
management plan,
defining the WBS
goal of the project.
The constraints
associated with the
project should be
proactively
determined for the
effective
management of the
activities. The project
control procedure
should be laid down
for achieving the
scope specification
plan. The expected
outcome should be
achieved with the
project methodology
determined for the
completion program
of the project. The
estimation of the cost
and time allocated to
complete the
activities helps in
developing good
concept of project
management. The
priorities should be
set for managing
flow of sequence
between them so that
one process should
not affect the
working of the other
process. The simple
and complex task can
be efficiently done
by adding priorities
to the business
activity plan. The
selection of the team
members should be
done on the basis of
their skills and
expertise according
to the demand of the
project. The
resources should be
divided among the
project team so as to

key elements, setting
priorities to the
project activities for
managing flow of
communication
process among the
team members, and
others
avoid the chance of
conflict. The supply
and demand of the
equipment and
material should be
managed before its
demand from the site
location.
Research paper on
Research and the
future of project
management
By: P. Morris
The role of the
project manager
plays an important
role in defining the
project activities. The
supervision of the
project working
platform helps in
resolving the key
issues which exist
with the project. The
project manager is
the active
participants for
deciding the flow of
project activities
from start to end of
the project. The
planning is the
blueprint of the
proposed framework
used for developing
the project. He
should determine the
structure of the
process
synchronization
activities. He works
on managing
coordination and
cooperation among
the team members.
The public relation
should be effectively
managed by the good
communication skills
of the project
manager. The
division of roles and
responsibility among
the team member is
the core
In the learning
practice, I came to
know that the
complete working of
the project and the
outcome which
received at the end of
the project is the
result of hard work
and dedication of the
project manager. My
team works
coordinated if I am
able to guide them
effectively in
achieving their
objective. The flow
of communication
with the subordinates
helps in resolving the
grievances of them
efficiently. The
increased satisfaction
level helps them to
remain connected
with the success of
the project. The
errors occurred in
managing
synchronization
between the process
should be rectified at
an early stage so that
it does not affect the
working of the entire
program and may
result in delay of the
project deliverables. I
have realised that the
project can be
effectively completed
with the division of

responsibility of the
project manager by
determining the skills
and expertise of team
members. The
periodic meetings
should be arranged
between them for
handling distraction,
chaos, and conflict
during the program
so that it should not
affect the completion
of the project at the
end.
entire project into
smaller phases and
providing
responsibilities to the
team members on the
basis of their inner
talent. The quality of
the product is
depends on the team
efforts given by the
coordinating
members. The risks
should be identified
early in the project
life cycle so that the
mitigation strategies
should be applied on
them to resolve them.
Reflection and conclusion:
In the research study, I am able to analyse my inner talent and flaws to become an efficient
project manager. The skills of creative thinking should be enhanced as a project manager to
get effective result of decision making. The scheduling of the project activities helps in
defining the framework of processes. The development of the communication flow helps in
completing the project within the allocated time and cost. The risk mitigation plan should be
developed for resolving the key issues of the project which can play the role of critical factor
and responsible for the delay of the project. I am able to learn the factors which can help in
improving coordination among the team members and processes undertaken. The cost
effectiveness can be maintained by allocating the resources to the team members according to
their requirement.
References:
Filippov, S and Mooi, H. (2016). Innovation project management: a research agenda. 1st ed.
[ebook]. http://pucsp.br/icim/ingles/downloads/papers/TL_038.pdf [Accessed 04 Apr. 2018].
Hall, N. (2012). Project management: Recent development and research opportunities.
Journal of system science and system engineering, 21 (2).
https://link.springer.com/article/10.1007%2Fs11518-012-5190-5 [Accessed 04 Apr. 2018].

Ika, L. (2009). Project management in the international development industry. 1st ed.
[ebook]. https://uqo.ca/sites/default/files/fichiers-uqo/medias/nouvelles/20110419-
lavagnonika-ijpmib-devafrica.pdf [Accessed 04 Apr. 2018].
Kjolehede, E. (2016). The project management theory and the management of research
project. 1st ed. [ebook].
http://openarchive.cbs.dk/bitstream/handle/10398/6308/wp32000.pdf?sequence=1 [Accessed
04 Apr. 2018].
Kwak, Y, and F, Anbari. (2009). Amazing project management research: perspective from
top management journal. 1st ed. [ebook].
https://home.gwu.edu/~kwak/Allied_Disciplines_Kwak_Anbari.pdf [Accessed 04 Apr.
2018].
Morris, P. (2009). Research and the future of project management. 1st ed. [ebook].
https://www.emeraldinsight.com/doi/abs/10.1108/17538371011014080 [Accessed 04 Apr.
2018].
Passenheim, O. (2014). Project management. 1st ed. [ebook].
http://home.hit.no/~hansha/documents/theses/projectmanagement.pdf [Accessed 04 Apr.
2018].