Project Management: Critical Success/Failure Factors, Lessons Learned, Recommendations, Reflection on Developing Career in Project Management

Project management
(Assessment 2)

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................4
Critical success/ failure factors....................................................................................................4
Lesson learnt................................................................................................................................5
Recommendations........................................................................................................................6
Reflection on developing career in project management and skills required in order to be a
successful project manager..........................................................................................................7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Project management is considered as key approach which is helpful in development of a
project. With the help of project management, an effective synchronisation of key elements
associated with project development (Hair and Sarstedt, 2021). It is one of the major roles of a
project manager to focus on increasing an effective approach in managing a project in order to
ensure systematic and precise operations. In the recent times, importance of project management
has increased and also involving key factors which are helpful in increasing competitive strength
of the project. This report will include description of critical failure and success factors which are
playing a key role in project management. This report will also include analysis of lessons learnt
during completion of project. This project will also include recommendations on how the project
can be executed and prepared in order to achieve key objectives and goals. This project will also
include a reflection to consider a career path in management of a project and various skills which
are required to become a successful manager. This report is based on topic “Universities
planning to perform face to face educational practices after COVID-19”.

MAIN BODY
Critical success/ failure factors
In the management of a project, it is essential to focus on all major success and failure
factors. The failure factors create negative side for project development and also makes it harder
for a project manager to cope up with key needs. It is essential for a business to focus on failure
factors in order to learn different lessons. In the development of project related to offline starting
of education in universities, resource gathering was a major approach which failed. In order to
collect resources for the project, there was a need for project manager to develop an effective
approach in research gathering. The main duty of project manager was also to develop
effectiveness in utilising all major resources in an optimum manner (Kim, Chang and Castro-
Lacouture, 2020). This is one of the major duty of project manager to look for best alternatives in
selecting most appropriate resources for the project. Time management was one of the main
factors which impacted functioning of whole project. In order to manage time, project manager
should focus on formulating effective time table which is essential for project development. The
project manager should analyse whole problem associated with the project and manage all
activities on timely basis. It is ethical duty of project manager to analyse key goals and
objectives of project and formulate time table according to requirement. To manage time in a
systematic manner, it is major role of a project manager to take support of a time-table.
Arrangement of human resources which are suitable for the project is another major factor which
failed during the project. It is necessary for a project manager to focus on analysing in depth key
factors and elements while arranging human resources like labour for the project.
In the era stiff competition between companies, it is crucial for a project manage to also
analyse major success factors which are important for project growth. The risk management
associated with the project was a major successful factor which play a key role in expansion of
project. The project manager developed a risk contingency plan in order to eliminate the risk
associated with the operations. It is also one of the major role of a project manager to focus on
growth and development of a project while managing risk. Another major success factors which
is associated with managing project was communication. The communication plays an important
role in increasing coordination between different employees associated with the project. Project
manager used information and technology based tools and techniques to develop precise and