Project Management

This document discusses the personal traits and competencies required for effective project management, highlights a successful project managed by Savills, and explores methods for project selection. It also provides references for further reading.

Running head: PROJECT MANAGEMENT
Project management
Name of the student
Name of the university
Author Note:

2
PROJECT MANAGEMENT
Table of Contents
Particular personal traits or competencies.......................................................................................3
Project that I am Aware of...............................................................................................................4
Methods that can be used in project selection and their processes..................................................4
References........................................................................................................................................6

3
PROJECT MANAGEMENT
Particular personal traits or competencies
According to, Chiu, Balkundi & Weinberg (2017) a Project Manager to be effective and
competent needs to be a competent person who is able to bring together all the stakeholders of
the project under one umbrella and then utilize them accordingly to manage the project in an
efficient manner. Some of the common characteristic or traits of an efficient Project Manager are
as follows;
1. The Project Managers inspire a shared vision- The Project Managers must have an
effective vision of where to go to attain success and must have the proper vision to
articulate it properly (DuBois et al. 2015). The leader of a project must have the quality to
motivate the others to follow him in the right path and gives the vision to the others
involved in the project to follow the path of change or transformation.
2. Project Managers must be a good communicator- Effective Communication is one of
the most important skills that needs to be present among the Project Manager. The
presence of effective communication skills with different kinds of people at all levels is
one of the most important responsibilities of the organization. The project leadership calls
for clear communication about responsibility, goals, performance and expectations and
feedback. Therefore communication forms an essential part of leadership.
3. Project Managers must have integrity- One of the most important things different
project managers must always keep in their mind is, it is their actions which speaks for
themselves rather than their talk (Lounsbury et al. 2016). Therefore a good manager must
have the quality to be honest and integrated in his actions to ensure the success of the
project.

4
PROJECT MANAGEMENT
4. Project Managers must have leadership skills- The project managers must have the
required leadership skill to deal with the teams coming from the different walks of life.
The more the quality of a good leadership, the more is the chance for the project to be
successful.
Project that I am Aware of
To name a successful project and project managers the name of Australian firm Savills
strikes my mind at the very beginning. The following firm has the quality and the experience and
thus is considered to be one of the topmost Project Management firms of the country. One of the
recent housing projects completed by the firm was “Ryde Garden in New South Wales”. The
Senior Project Manager made a meticulous and proactive approach in all the stages of the project
in order to ensure its success. The design management, meetings with stakeholders, proper
implementation of the budget, following the time schedule and effective communication skills of
the manager helped the project to be completed according to the necessary objectives.
Methods that can be used in project selection and their processes
The selection of the project for the improvement of the skills and available resources is
important for the organization and also requires a bit of important calculation on the part of the
project management. Some of the important methods of selecting projects are as follows;
a. Benefit measurement Methods- This includes Cost Benefit Ratio, Payback Period,
Economic Model and many more as such.

5
PROJECT MANAGEMENT
b. Constrained Optimization Methods- This method includes the likes of Linear
Programming, Non-Linear Programming, Dynamic Programming and many more as
such.

6
PROJECT MANAGEMENT
References
Chiu, C. Y. C., Balkundi, P., & Weinberg, F. J. (2017). When managers become leaders: The
role of manager network centralities, social power, and followers' perception of
leadership. The Leadership Quarterly, 28(2), 334-348.
DuBois, M., Koch, J., Hanlon, J., Nyatuga, B., & Kerr, N. (2015). Leadership Styles of Effective
Project Managers: Techniques and Traits to Lead High Performance Teams. Journal of
Economic Development, Management, IT, Finance & Marketing, 7(1).
Lounsbury, J. W., Sundstrom, E. D., Gibson, L. W., Loveland, J. M., &Drost, A. W. (2016).
Core personality traits of managers. Journal of Managerial Psychology, 31(2), 434-450.
Meng, X., & Boyd, P. (2017). The role of the project manager in relationship
management. International Journal of Project Management, 35(5), 717-728.
Saadé, R. G., Dong, H., & Wan, J. (2015). Factors of project manager success. Interdisciplinary
Journal of Information, Knowledge and Management, 10, 63-81.