Business Project Management Essay 2022

Running head: BUSINESS PROJECT
Business Project
Name of Student
Name of University
Author Note

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BUSINESS PROJECT
Table of Contents
1. Introduction......................................................................................................................2
2. Importance of elements of Project Management Theory...............................................2
2.1. Stakeholders’ Engagement.......................................................................................2
2.2. Critical Success Factors............................................................................................3
2.3. Project Management Approaches.............................................................................4
3. Conclusion.......................................................................................................................5
References............................................................................................................................6

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BUSINESS PROJECT
1. Introduction
Several elements of project management requires to perform in an effective manner so
that a project can be completed as per the plan. The essay aims in establishing the importance of
different elements of several theories of project management in execution of IT projects. The
project management theories that will be discussed involves addressing the process of
stakeholders’ engagement, understanding and identifying the critical success factors along with
the project management approaches that can be considered for execution of the project (Cullen
and Parker 2015). The main idea of the essay is to discuss the major project management
approaches that ascertain the success of any project. The focus of this essay is specifically led to
IT projects that encompasses projects such as development and implementation of health record,
development of a website, implementation of ERP and others. The importance of implementation
of various project management theories in planning and implementation of a project is discussed
in the report.
2. Importance of elements of Project Management Theory
Implementation of any project is linked with defining two types of processes, one is
project management process while the other is product oriented process. There are several
elements of project management that affects the execution and completion of a project (Muller
2017). In IT projects, development of a skilled project team is the first step towards successful
execution of a project. In IT projects, the stakeholders and their engagement in the project play a
critical role in successful project completion (Eskerod and Jepsen 2016). For IT projects it is
quite necessary to recognize the major critical success factors that ascertains that the project is
implemented in a successful way. In this section of the report, the prominence of project
management theories in successful execution of IT projects are discussed. In the following
section, the managerial implication related to the importance of stakeholders’ engagement in IT
projects and the critical success factors linked with the execution of the project are discussed in
the report.
2.1. Stakeholders’ Engagement
Stakeholders are considered to be a crucial consideration of an IT project and their
engagement in the project. Stakeholders are important for execution of a project as these