The values of project management

Running head: PROJECT MANAGEMENT
Project Management
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Abstract
The base of this following report shares the values of project management in a
specific business. The project management provides information regarding project
stakeholders and their involvements, project risks and also effective communication. In this
writing element, the project management approach will execute for the business of Woolong
Company which is accountable for the production of high-end vacuum cleaners for growing
their business strategy within the marketplace. They have hired a project manager for looking
up the development of the business as well as releasing procedures of their products. In this
following report, it describes the list of the stakeholders and also their involvement as well as
effective communication and also the related project risks.

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PROJECT MANAGEMENT
Table of Contents
Project Stakeholders and their involvement...............................................................................3
Project sponsor...........................................................................................................................3
Skills and experiences of project manager for every phase in project lie cycle........................3
Roles and responsibilities of stakeholders.................................................................................4
Communication between stakeholders.......................................................................................5
Information sharing with project stakeholders...........................................................................5
Mechanism for sharing information...........................................................................................5
Communication frequency.........................................................................................................6
Actions for effective communication.........................................................................................6
Technology used for project communications...........................................................................6
Communication as ethical issue.................................................................................................6
Ways for managing project risks................................................................................................7
Analysing of project risks..........................................................................................................7
Opportunities created by project completion.............................................................................7
Financial impact of project.........................................................................................................8
Expected results of the project...................................................................................................8
Integration of project value........................................................................................................8
Potential impact of the company behind the failure of project..................................................8
References..................................................................................................................................9

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PROJECT MANAGEMENT