Project Management Characteristics
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Added on 2020-10-22
Project Management Characteristics
Added on 2020-10-22
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PROJECT MANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TA Characteristics and role of a project manager ......................................................................1Theoretical framework and methodologies.................................................................................2Project initiation document (PID)...............................................................................................2Management of team in project environment.............................................................................4Project management plan............................................................................................................6Measuring risk and controlling ..................................................................................................8Risk Register...............................................................................................................................9Evaluation of project success and failure..................................................................................13CONCLUSION..............................................................................................................................14REFERENCES................................................................................................................................1
INTRODUCTIONProject management is the practice of starting, planning and executing certain business plansfor achieving innovation, managing changes, gaining attention of stakeholders or to achievespecific goals. The present project is based on event by ABC company which is initiated to sharefinancial condition of firm with stakeholders in order to project individual interest and to seekfunds. The study will outline Characteristics and role of a project manager which will compriseproblem solver, communicator, monitor, etc. Further, the assessment will derive Project initiationdocument (PID) which will include all the information about the event like DeliverablesConstraints, characteristics, etc. TA Characteristics and role of a project manager Project manager has the most important role in managing and building up the project. ABCCompany has to appoint manager for successful implementation of business project. The mainaim of existing project is to organise an event to launch annual report to stakeholder of ABCCompany (Muller, 2017). Role of PM in this project are described as below:Problem solver: Project manager is the main person which is been involved in resolvingthe issues that can come between organizing event for stakeholders (Saltz and Crowston,2017). There can be problems which can be faced by employees while conducting theevent. Issues can be associated with human resource, finance, marketing that can hampersuccess of event proposed by ABC company. Project manager is responsible to find outsuitable solutions to the problems faced by employees, this can assist ABC company inenhancing quality of event which is going to be conducted by them.Communicator- In order to make event successful for the stakeholders, project managerneeds to have good communication skills. They must have engaged in opencommunication with the employees so that problems can also be easily solved in firm(Harrison and Lock, 2017). This feature in project manager can help them to haveinteraction with stakeholders. It will also help them in building good relationship betweenproject manager and shareholders. A good project manager has responsibility of maintaineffective relationship with their team members. Monitor- Project manager in ABC company must contain the effective monitoring skills.They need to monitor task and have to ensure the overall progress of event. If projectmanager in firm do not possess this basic skill of monitoring, then they will not be able to1
the measure success rate of project and also corrective action will not be taken at time.This can hamper the quality of event which ABC company is going to organize.Task delegator- Project manager is also responsible to delegate the task so thatsuccessful event can be organized (Brown and Grundy, 2016). This can support thecompany in making event more successful and also reduces the risk of mistakes that canoccur at the time of conducting event for stakeholders. This supports person inperforming their role significantly and organising a successful event to present annualreport of ABC Company to all stakeholdersTheoretical framework and methodologiesPrince 2: Prince 2 is one of the most important methodology in project management. Thismethod can help the ABC company in making effective use of resources and enhancing the costefficiency of project. This framework can be used by the company in enhancing quality ofproject and making the event more successful (Dao and et.al., 2016). This methodology laysemphasis on making effective use of resources that can help firm in achieving businessobjectives. It can support firm in growing and also project can be successful because of it. Thismethodology can also help in increasing knowledge of the team members engaged in organizingevent. Project initiation document (PID)Project titlePresent annual report to stakeholder byorganising an event in ABC company.BackgroundABC is the small size manufacturing firm, overa period of time enterprise has generatedreasonable amount of profit. Recently it isoperating in London only and has two branchesin London. It has employed less than 250employees in its workplace. Company isplanning to present annual report of business infront of all its stakeholders by organising a bigevent. 2
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