Project Management Maturity and Innovation

This assignment delves into the evolving field of project management maturity, particularly examining innovative approaches and their significance. It analyzes various research papers that shed light on sustainable development, stakeholder management, governance of major public investments, trust in construction projects, managing uncertainty and risk, complex project management, and the role of intellectual capital. Furthermore, it considers the impact of cloud computing as an innovation and explores how e-waste management practices are shaping contemporary project environments.

Managing Projects

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1 ...........................................................................................................................................3
1. Key characteristics of project..................................................................................................3
2. Scope statement for project and role of WBS.........................................................................4
3. Project Gantt chart and identify critical path..........................................................................5
4. Approaches to generate a beget...............................................................................................6
5. How project risk arise and various responses of risk..............................................................7
6. Quality methods......................................................................................................................7
TASK 2 ...........................................................................................................................................8
1. Activities for project management, skills and competencies of project manager and project
management process...................................................................................................................8
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
In the modern time, managing projects are necessary for all over the world. The ABC
PLC company is the retail company of food and drinks and well established in the UK. The ABC
has various food and drinks manufacturers and retailers for the UK brands (Cusworth and
Franks, 2010). Present report shows the relevant information of managing projects like, different
characteristics of the project and what is scope statement for any kind of project. What is the role
of WBS in the scope statement and how put out the project Gantt chart and evaluate the critical
path. It also include the approaches for generating the budget for particular project budget and
how arise the project risk and different responses to risk within project management. Present
report also contain the relevant information like, what are the project management process and
its concern, project life cycle stages, leadership and administration and control problems with
managing the life cycle.
TASK 1
1. Key characteristics of project
There are some key characteristics of the project. It includes, specific, measurable,
achievable, relevant and time bounded. They all are as follows: Specific: The project should be specific and clear defined. The goals, structure, costs,
benefits and milestones of the project should be specific. It is helpful for defining the
structure of the specific project. The effective planning of the projects includes, Gantt
chart, command structure, personnel list and cost of the project. For example, MBA can
be specific. Measurable: the project should be measurable because the measurable project define the
benefits and achievements of the projects. It is in case of the benefits as well as tangible
and intangible benefits (Brown and Hyer, 2010). So, the project should be measurable for
the project manager. Achievable: The project should achievable for the project manager because with the help
of the achievable project the project manager can identify the cost of project. For
example: MBA is achievable project.

 Relevant: The company project should also relevant and realistic in the nature. The
realistic or relevant project can minimise the cost of production and can increase the
efficiency of the operations (Pryke and Smyth, 2012).
 Time bounded: The project must be time bounded like, MBA is the time bounded
project. According to the planning, development and execution, the project should time
bound for achieving the project.
2. Scope statement for project and role of WBS
There are some steps in which it identify the scope of the project. The steps are as
follows: Project objectives: The scope of the project must have the effective objectives which is
taken by the organisational project manager because the objectives of the project identify
the need of the project in the organisational place. Goals: The purpose and goals of the project scope should be effective and achievable
because the effective goals of the project can generate the effective projects and services
for the company selling. Tasks: Task is also a scope of the project. Every organisation divide their project in the
different task for the different levels and to the different people who are working for the
project. So, it the main scope of the projects. Resources: The resources also define the scope of the project. Without the resources the
project cannot be completed. So, the resources is one of the scope of the company
project.
 Budget: Budget is important part for preparing the effective budget. Firstly, the project
manager should be prepare the effective and appropriate budget for calculating the
expenses of the projects. So, it is important for ABC company for preparing the effective
budget (Winch, 2010).
Role of Work Breakdown Structure
 To increase the communication.
 It build the creativity.
 Focus on the end-goals.
 Possible problems prevention.
 To manage the risk of project.

 Flexibility for various teams.
3. Project Gantt chart and identify critical path
Gantt chart is designed by the Henry Gantt who is the mechanical engineer of America.
Gantt chart is a chart which shows the company data with the help of the graph. It is type of the
graphical picture which shows the all data of the ABC company. The Gantt chart includes the
different elements of projects like, juncture, resources, various tasks and addiction etc. It is
utilized in the information technology for representing the data of the company. Gantt chart
includes two element like, summary element and terminal element. Both of the element represent
the Work break down structure of the company project.

4. Approaches to generate a beget
There are many approaches to generating a effective budget for the specific project
budget (Turner, 2014). The approaches are as follows: Line item budgeting: It is one of the approach for generating budget for the project
budget. It provide the flexibility for controlling the amount of project budget. It is the
well-known approach for the organisation because it provide the project budget
development process to the organisation. Performance budgeting: It is also a approach of the budget in which it focus on the
performance of the project budget and it provide the effective and useful information for
the legislation of the budget. Program and planning budgeting: This budget is based on the planning of the project
budget. In this budget the expenditures are firstly based on the programs and secondly
based on the budget objectives. Zero based budgeting: In this budgeting, the various activities and services should be
framed after the budget development process.
 Site based budgeting: This approach of budgeting is based on the location of the ABC
food company. This approach is useful for controlling expenditures and it provide the
relevant data of project budget.
5. How project risk arise and various responses of risk
There are many types of risk which can arise in the project management. They are as
follows:
 Cost risk (Loch, DeMeyer and Pich, 2011).
 Performance risk.
 Schedule risk.
 Operational risk.
There are various responses of risk in project management. They are as follows: Avoidance: It is the one of the response of the risk in the project management. In this risk
response, the project manager should be eliminate the risk and threat which is coming in
the project management (Lau and Rowlinson, 2011). Mitigation: With the help of the mitigation, the project manager can reduce the project
risk. The project manager need to minimise the monetary value risk from the project

management. So, the reduction in the monetary value is important for minimising the
project risk.
 Acceptance: The acceptance of the risk also important for minimising the risk of the
project management. Every company should develop a eventuality plan for minimising
the project management risk. So, it is the main response for managing the risk of the
project.
6. Quality methods
There are three types of the project quality methods. They are as follows: Evaluation: It is one of the method of the project quality in which it evaluate the quality
of the project and make the project effective for the success and development of the
company. Monitoring: Monitoring is also a method for observation of the quality. The effectibve
quality is important for the company because the monitoring provides the effective
quality of the products of company.
 Control: It is also the quality method of the company. Quality control is very important
for designing the effective product of the company. Quality project can increase the
customers of the ABC food company. So, effective quality is effective for the
development of the project.
TASK 2
1. Activities for project management, skills and competencies of project manager and project
management process
There are carious activities in which the successful project can be manage of the ABC
PLC company. The activities are as follows: Define the scope: It is one of major activity in which the project can successfully
manage. The ABC PLC company need to define the scope for manage the successful
project. In the ABC food company the project manager need to evaluate the scope of food
like, firstly, the project manager must identify the location for food acquisition and after
this they need to identify the needs and wants of the customers with desires and must
calculate the cost for managing the project.

 Determine available resources: It is also a activity for managing the successful project of
company. Every project manger need to identify the available resources for the successful
project. The resource can be the people, different equipment and capital. These all
resources are important for achieving the objectives of the effective project (Andersen,
2010). Understand the timeline: It is the one of the activity for managing the successful project
in which the project manager need to understand about the timeline. If the John use the
overtime for acquisition of the company in that case, the John need to measure for the
limitations of the effective budget (Lin and Chen, 2012). Assemble the project team: Every company manger need to collect their team for the
acquisition of the company. An effective team is the major part of any kind of the
company because without the team member the company manager cannot functioning in
the market place. Detail the work: For the acquisition of the company, the John need to evaluate the detail
of the work. Detail of work is very important for managing the effective project for the
acquisition of the company. Develop a preliminary plan: The company manger need to develop the effective
preliminary plan for the company acquisition. The project manager must develop the
network plan for identifying the critical path for the project. After evaluate the issues, the
functional manger need to allocate the resources against the activities of the acquisition. Create project baseline plan: When the feedback is ready from the preliminary plan, the
functional manager will identify the work schedules and timeline for the fixing the
project into the available time. Request project adjustments: In this activity, the functional manger has lack of time and
money for assigning the project. In case of the project adjustment, there are the limited
location for the project and the limited available resources. Monitor project team's progress: It is also the main activity for managing the successful
project. Every organisational manager need to identify their team progress for the
effective project and for success of the project (Müller and Jugdev, 2012).

 Keep everyone informed: For the successful project, the company manager should inform
their all team member for the all activities of the acquisition of the company. So, manager
need to make sure about the awareness of the team members.
Skills and competencies of project manager
There are many skills and competencies which are required by the project manager of the
company. They all are as follows: Leadership: It is one of the skill or competencies of the project manager. The project
manager must the skill of leadership for leading their team for the success of the
company. Effective leader is the director, manager, owner and decision maker of the
company. So, the leadership inspire their team members for set their vision and mission
for completing the project (Caputo and et. al., 2013). Negotiation: It is also one of the skill which is required for the project manager. If the
manager has negotiation skill in that case, the manager can reduce the conflicts which
creates among the team members. Cost control: Cost control also a skill which should be in the project manager. It is the
captious substance for the project manager because without this skill, the project manager
cannot make the effective and appropriate budget for the project. Risk management: Every project manager has a risk manager for minimising the risk of
the project. If the project manager can manage the risk of project in that case, manager
can make the effective project for the company. Risk is the major problem for any kind of
company manger because it create the risk for preparing the project of the company. Contract management: The project manager should have the skill of management of the
contract. Contract management means manage the all activities and procedures of the
project for the effective contract. Critical thinking: The thinking of the manager must be captious for preparing the
effective project. If the project manager has the critical thinking in that case, the John can
take the effective and appropriate decision for the company project. Communication: Effective communication is also important for the project manager of
the ABC company. With the help of the effective communication, the project manager
can take the effective decision for the company's project. There are different

communication channels like, telephone, internet, email, face-to-face meeting and
newsletters. Task management: It is also one of the skill which is required for the project manager of
the company. The project manager should have one of the quality of the task
management. The project manager must be able for generating the list of the task then
manage the all task of the project (Chen, 2011). Quality management: The project manager must have the manager of the quality. Every
organisation need to provide the better quality product for their new and existing
customers. Better quality of product increase the satisfaction of the customers and
increase the growth of the company. So, the project manager should have the the skill of
the quality management. Meetings management: It is also one of the skill which should be in the project manager
of the ABC company (Jonny Klakegg and Haavaldsen, 2011). Meeting management is
very important for the project manager because it identify that which action has been
taken for making the effective project of the company. A sense of humour: It is also a effective skill which is required for the company project
manager. If the company project manager has the good sense of humour in that case, the
manager can minimise the goodwill of the company and can make the effective
appropriate project for the success of the ABC food company.
Project management process:
Project management process includes also the steps related with managing the product.
Under this all the activities are decided or plan by the project manager in order to properly
manage the project and its all activities.
Following steps are included in the process of managing the project: Monitoring:Under this step all the pre planning are done related with the activities of the
project. Ongoing monitoring is done in order to check that all the activities are performed
according to the budget or schedule or not. Under this manager of the project ensures or
check that all the resources are available to complete the project or not. Control: During the execution of the project activities number of barriers or problems
arises so it is the responsibility of the project manager to control all the problems to get

effective results of the project activities. All the risks related with the execution of the
project are also controlled or managed under this phase (Lau and Rowlinson, 2011). Communication: Communication is one of the important factor affect the success of the
project. Proper communication should be take place in the enterprise relate with the all
the activities of the project. Communication can be in the form of oral or can be written.
 People management: People or human resource doing or perform the activities of the
project plays a big role in overall succession of the project and in order to ensure the
success of all the activities of the project management of the people should be done by
the project management.
Project management phases: Initiation: Under this all the objectives of a project is defined why the project is
undertaken by the enterprise or all the steps or activities done by the manager in order to
keep all the activities of the project on the track. Requirements: All the requirements of the project are described under this step. It is
ensures by the management of the enterprise is that it has all the necessary requirements
to fulfil the project or not and it is also identify by the manager that what are the main
constraints and also tries to remove all the constraints. Planning: one of the main and important step involved in managing all the activities of
the project is planning. Planning means deciding or dividing the resources or time among
all the activities of the project. This is one of the main step ensure or contribute a lot in
the success of the project (Lin and Chen, 2012).
 Execution: Execution means carrying out all the activities in order to fulfil or achieve the
tasks. Under this all the activities are carried or performed according to the set time scale.
As a functional manager of ABC PLC I have to give emphasis on all the activities
specially on the planning because effective planning is half success of the project.
All the steps should be well addressed by the project manager in order to increase the
effectiveness of business operations.
CONCLUSION
In this report, it has been concluded that the project management is very important for the
success of the company. It identify the various key characteristic of the project which is

important for the success of the project and it has been identified that how the role is important
of the work breakdown structure. In this report also identified about the various skills or
competencies which is required for the project manager and different project management
process. The project management is a one of the process in which it planning, organising,
evaluate and control the work of the team member for achieving the goals of company.
REFERENCES
Books and Journal
Aarseth, W., Rolstadås, A. and Andersen, B., 2013. Managing organizational challenges in
global projects. International Journal of Managing Projects in Business. 7(1). pp.103-
132.

Andersen, E.S., 2010. Rethinking project management–An organisational perspective. Strategic
Direction, 26(3).
Brown, K.A. and Hyer, N.L., 2010. Managing projects. McGraw-Hill.
Caputo and et. al., 2013. Method of and system for managing projects, programs and portfolios
throughout the project lifecycle. U.S. Patent 8,407,078.
Chen, C.Y., 2011. Managing projects from a client perspective: The concept of the meetings-
flow approach. International Journal of Project Management. 29(6). pp.671-686.
Cusworth, J.W. and Franks, T.R., 2013. Managing projects in developing countries. Routledge.
D. Bushuyev, S. and Friedrich Wagner, R., 2014. IPMA Delta and IPMA Organisational
Competence Baseline (OCB) New approaches in the field of project management
maturity. International Journal of Managing Projects in Business. 7(2). pp.302-310.
Eskerod, P. and Huemann, M., 2013. Sustainable development and project stakeholder
management: what standards say. International Journal of Managing Projects in
Business. 6(1). pp.36-50.
Fortune and et. al., 2011. Looking again at current practice in project management. International
Journal of Managing Projects in Business. 4(4). pp.553-572.
Jonny Klakegg, O. and Haavaldsen, T., 2011. Governance of major public investment projects:
in pursuit of relevance and sustainability. International Journal of Managing Projects in
Business. 4(1). pp.157-167.
Lau, E. and Rowlinson, S., 2011. The implications of trust in relationships in managing
construction projects. International Journal of Managing Projects in Business. 4(4).
pp.633-659.
Lin, A. and Chen, N.C., 2012. Cloud computing as an innovation: Percepetion, attitude, and
adoption. International Journal of Information Management. 32(6). pp.533-540.
Loch, C.H., DeMeyer, A. and Pich, M., 2011. Managing the unknown: A new approach to
managing high uncertainty and risk in projects. John Wiley & Sons.
Müller, R. and Jugdev, K., 2012. Critical success factors in projects: Pinto, Slevin, and Prescott–
the elucidation of project success. International Journal of Managing Projects in
Business. 5(4). pp.757-775.
Pryke, S. and Smyth, H., 2012. The management of complex projects: A relationship approach.
John Wiley & Sons.
Turner, J.R., 2014. The handbook of project-based management (Vol. 92). New York, NY:
McGraw-hill.
Turner, N., Maylor, H. and Swart, J., 2013. Ambidexterity in managing business projects–an
intellectual capital perspective. International Journal of Managing Projects in Business.
6(2). pp.379-389.
Winch, G.M., 2010. Managing construction projects. John Wiley & Sons.
Yu and et. al., 2010. Managing e-waste in China: Policies, pilot projects and alternative
approaches. Resources, Conservation and Recycling. 54(11). pp.991-999.
Online
What is project management?. 2017. [Online]. Available through:
<www.apm.org.uk/resources/what-is-project-management/>. [Accessed on 27th may
2017].