Project Management of an Event

Running heads: PROJECT MANAGEMENT OF AN EVENT
Project Management of an Event
Name of the Student
Name of the University
Author note

1
PROJECT MANAGEMENT OF AN EVENT
Introduction:
I can reflect on my learning and point out several aspects which come into play
towards awarding success to projects. I would also utilise these aspects in management of
future projects like launching of a new products in the market. I can point out from my
experience that business firms carry out these projects under leadership of their apex
management. The apex management appoints project managers to supervise and lead the projects
towards the predetermined goals. I can also point out that successful projects are outcomes of
efficient management of several factors like project life cycle, budget and time management.
Projects have positive impacts on the companies and its stakeholders which profit from the
projects. However, the projects do have negative impacts as well which to be mitigated and
management. The aim of the paper is to delve into these aspects of projects which I have
experienced and learnt from my observed.
Analysis:
I have learnt that there are several factors which lead to success of projects that business
organisations hold to specific business targets. I can point companies today are faced with
several challenges like boosting their sales generation, capital generation and revenue generation.
This challenges which business organisations face are the outcomes of macroeconomic changes
like change in economic conditions and customer preferences. I can reflect that projects have to
pass through four stages in order to meet with success namely, project initiation, planning,
project execution, project monitoring and project closure. The first factor which leads to
success of projects is efficient project planning. The managers present case documents which
outline and explain the challenge which the business organisation is either facing or liable to face
in the future like rise of new competitors. This is supported by the feasibility studies like