MN601 Network Project Management: Community of Practice Report

This report, submitted as part of the MN601 Network Project Management course, examines the importance and implementation of a Community of Practice (CoP) within an organization, particularly focusing on the Federal Project Management Community of Practice (FPMCoP). The report highlights the benefits of CoP, such as fostering a learning culture, facilitating knowledge sharing, and enhancing employee competence and efficiency. It also addresses the ethical considerations associated with CoP implementation. The executive summary emphasizes the value of CoP in sharing best practices, improving project performance, and providing opportunities for project managers to exchange information. The report details how CoP can improve project execution, reduce costs and time, and build a supportive corporate culture. References are included for further reading on the topic.

Running head: NETWORK PROJECT MANAGEMENT
Network Project Management
Name of the Student
Name of the University
Author Note

1NETWORK PROJECT MANAGEMENT
Executive Summary
Every organisation must understand and recognise the value of the community built by the
employees within the organisation and focuses on implementing this Community of Practice
or CoP for sharing the best practices of information and knowledge given take between each
other to be an improved level of performance for every project that the organisation look
forward to. It is extremely important that the leaders of Federal Project Management
Community of Practice or FPMCoP are also provided with the opportunity for program and
project managers so that they can share information within each other and avoid any
invention within the project wheel. This will help them understand the purpose of
Community of Practice or CoP and at the same time explain how the Federal Project
Management Community of Practice or FPMCoP is expected for improving the execution of
their projects. The report would also developed the idea about the maximum benefit gained
with the implementation of a Community of Practice or CoP and also the ethical issues
associated with it.

2NETWORK PROJECT MANAGEMENT
Explain the purpose of a Community of Practice (CoP)
There are several reasons for which the project management process of Community of
Practice or CoP is essential for every organisation to follow. Not just because it helps in the
growth of the organisation but also it identifies and implement the best practices within the
business so that it provide a competitive approach to all the other business organizations by
making the business stand out in the market [1]. Several organisational factors work behind
this community factors that helps in sharing not just information but success presence of
structures engineering communication within the organisation, supporting the collaboration
culture of an organisation between the employees and also providing with an exhaustive
capacity in the organisation so that the skills and changes of practice can be fluid within the
employees.
Following would be the reasons and benefits of implementing Community of Practice
or CoP within an organisation:
 It develops learning culture between the employees such that the best practices are
shared through the knowledge sharing systems where the tools for knowledge sharing
like social media networks and others come into being [2]. This make sure that the
business might adjust to all the other changes and are implemented for boosting the
performance of every individual employee.
 Sharing of knowledge between one another makes the employees feel the gap of their
own knowledge. It might occur that a particular set of operations is known to an
employee and not to the other and with the help of Community of Practice or CoP,
each of them had fill the gaps of knowledge.
 It also generates and innovate creative ideas between the employees.

3NETWORK PROJECT MANAGEMENT
 The employees are unable to better decision making systems and they are able to
solve critical problems by sharing the information about every problem with each
other.
 Competence and efficiency within the employees are boosted resulting into an
elevated process outcomes [3].
 Develops best supportive community and a good corporate culture between the
employees providing with an internal knowledge base for every individual employee.
 Sharing of information and knowledge through Community of Practice or CoP makes
the organisation reduce the resources implemented in cost and time maintenance.


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References
[1] P., Graczyk, An Administrative Community of Practice (Doctoral dissertation, University
of Pittsburgh), 2019.
[2] W.K., Balzer, Lean higher education: Increasing the value and performance of university
processes. CRC Press, 2020.
[3] K., Costino, Equity-minded faculty development: An intersectional identity-conscious
community of practice model for faculty learning. Metropolitan Universities, 29(1), 2018,
pp.117-136.