Project Management for Business Essay - Mega Fun
Added on 2020-07-23
18 Pages4940 Words71 Views
Leadership Management
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Project Management forBusiness
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Task 1...............................................................................................................................................11.1 Background and principles of project management..............................................................11.2 Viability of project. ..............................................................................................................21.3 Principles behind project management.................................................................................31.4 Key elements under terminating projects and developing post project appraisals. .............4Task 2...............................................................................................................................................52.1 Identification of organisational structure and roles or responsibilities of projectparticipants..................................................................................................................................52.2 Control and coordinate a project...........................................................................................62.3 leadership qualities under assessment of projects.................................................................62.4 Planning human resources and project requirements............................................................8Task 3...............................................................................................................................................83.1 preparation of project plans to establish project organisation...............................................83.2 Cost control techniques.........................................................................................................93.3 Methods of measuring project performances......................................................................103.4 Project control procedure....................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONIdeal starting of every project is determined under companies by adopting projectmanagement function. This research is undertaken by highlighting Mega Fun Company; whichaids in promoting large event in Caribbean and desires to achieve long term success of its event.However, it has been identified that project manager must set principles and goals which caneasily determine risk and uncertain factors that might affect the success of event. It furthershowcases that step by step process of control management enables the project manager toprepare the best effective plans with effective communication and coordination between teammembers which benefits in attaining success of the cited event.Task 11.1 Background and principles of project management.Planning, organizing, staffing and controlling of available resources in the best possibleway to achieve desired objectives of MegaFun Company (Badewi and Shehab, 2016). Forexample- developing or designing of a new project. This firm desires to promote its events atlarger areas of Caribbean to generate recognition and reputation among potential buyers. Theirmain aid is to undertake project on time within allocated resources and formulated budget withtimely delivery. Principles of project management are:-Commitment principle: - Project sponsor of MegaFun and its team must assure mutuallyabout the tasks and resources that need to be determine before starting up the project.Project sponsor develops creative ideas and opportunities to undertake effectivemanagement of events or projects. Further, those plans are described among theirqualified team members of cited organization to undertake the assignment in effectivemanner. Hence, they cite an agreement to mutually achieve projects goals (Marten andCarvalho, 2016).Success principle: - Mainly aids in achieving success of conducted event. By optimizingresources and available budgeted funds they develop a fruitful project.Primary communication channel principle: - All discussions that are made amongsponsor and its team members are performed under single channel to enhance discussionsrelated to event. This principle desires to create effective commitment among teammembers. 1
Life cycle principle: - Planning and then going further is essential process which need tobe adopted by every project manager. Such activity develops project life cycle whichdetermines every aspect right from the start of project towards its end with effectivecontrol among every activity.Cultural environment principle: - For executing the best project work, sound culturalenvironment is necessary to be developed. Further, this benefits team members inenabling best planned work on specified time (Swain and Lightfoot, 2016). 1.2 Viability of project. Before undertaking any project managers first determine its viability. It is very crucialaspect because it benefits in determining feasibility and even helps sponsor in enhancing theirknowledge regarding starting up the project. To analyze the difficulties and obstacles everymanager must develop management triangle (Conforto, Amaral and Kamikawachi, 2016). Allprojects contain difficulties and risk factors under its execution. However, they identify threeelements of triangle management which benefits them in overcoming those uncertainties. Time constraint: - Controlling time to undertake liable projects is the crucial part to beeffectively managed under management of project. All activities are undertaken indifferent time span; however, it is the duty of project manager to schedule it accordingly. 2Illustration 1: Principles of project management(Source: Principles of project management, 2017)
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