Integrated Project Management Report: Global Project Analysis

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This report provides a comprehensive overview of integrated project management, encompassing various critical aspects. It begins by outlining the project selection criteria, emphasizing the evaluation of cost-benefit ratios, payback periods, net present value, internal rate of return, and non-financial considerations like enterprise environmental factors. The report then delves into managing projects within a global context, highlighting the importance of communication and change management. It stresses the need for identifying critical job roles and developing change management plans. Furthermore, the report discusses the impact of enterprise resource factors on project implementation, advocating for thorough feasibility studies and risk management. It also reflects on the practical knowledge gained, including cost, schedule, quality, and safety management, along with the application of various project management tools and techniques. Leadership skills, including communication, time management, and negotiation, are identified as essential for managing global projects. The report concludes by emphasizing the role of learning in professional development and the importance of the project manager in planning, executing, and controlling projects, thereby guiding and influencing the team for successful project implementation.
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Running head: INTEGRATED PROJECT MANAGEMENT
Integrated project management
Name of the Student
Name of the University
Author Note
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INTEGRATED PROJECT MANAGEMENT
Table of Contents
Answer 1..............................................................................................................................2
Answer 2..............................................................................................................................2
Answer 3..............................................................................................................................2
Answer 4..............................................................................................................................3
Answer 5..............................................................................................................................3
Answer 6..............................................................................................................................4
Answer 7..............................................................................................................................4
References............................................................................................................................5
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INTEGRATED PROJECT MANAGEMENT
Answer 1
The project criteria and processes that I used for selecting a project for my assessments
include the evaluation of the cost benefit ratio of the project, the payback period of the project.
The net present value and internal return rate of the project are also considered apart from the
non-financial considerations such as, enterprise environmental factor (EEF) and its impact
analysis on the project. The major criterion of my project selection was definitely checking the
feasibility of the project. The benefit measurement method was applied while selecting the
project in order to understand the economic feasibility and viability of the project (Fleming &
Koppelman, 2016).
Answer 2
In order to manage projects in the global context, proper evaluation of the changes and
change management are essential. In order to formulate project management process and project
life cycle in a global context, at first I developed a proper communication plan which in an
important aspect of global business. Change management deals with managing the execution
strategies of the project. This is very essential for managing the global projects. Understanding
and identifying the critical job roles of the different team members are further essential for
developing a proper change management plan and formulating it in the project management life
cycle. Change management is an organized and systemic application of knowledge that
considerably helps in implementing a global project.
Answer 3
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INTEGRATED PROJECT MANAGEMENT
Enterprise resource factors have certain impact on project implementation and its
outcome. Since the impact can be positive or negative, proper evaluation of this factor plays a
key role in project success. Therefore, proper feasibility study of the project and research about
the project before the project-planning phase can help to identify the impact of enterprise
environmental factor on a project. This is an essential step of risk management of the project as
well. These factors can be quantified in a number of ways and therefore proper documentation
of the results is necessary as well (Kerzner, 2013). This is done in the project initiation phase so
that the impact of the enterprise environmental factors in the project success is minimized.
Answer 4
Project management is a discipline of properly initiating, planning, implementing and
controlling the project. I have gained a lot of practical knowledge while implementing this
project. I have learnt the importance of cost, schedule, quality and safety management of a
project. With the gradual implementation of the project, I have expertise in understanding the
importance of different knowledge areas of the project (Kerzner, 2013). . I have further learnt
about the different tools and techniques of project management and the importance of these tools
in proper implementation of the project.
Answer 5
For managing a global project, having a proper leadership skills is essential. As a project
manager, I was responsible for managing work through the application of knowledge, skills,
tools and techniques in order to meet the requirements of the project. Proper leadership skills
helped me in properly managing a global team. Apart from this, I have developed a good
communication skill, which is an essential tool for managing the global project. Time
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INTEGRATED PROJECT MANAGEMENT
management is another skill I have gathered while managing this project. It is important for
completion of the project within a scheduled time (Burke, 2013). I have also understood the
importance of risk management for identifying and eliminating the possible risks of a project
before the implementation of the project and in the execution phase as well. I have learnt and
understood the importance of negotiation skills in project implementation in a global context.
Answer 6
Learning has played a key role in professional development. It helped to me to gain an
adequate knowledge about the subject, which I have implemented in the project. It has helped me
to understand the different tools and techniques associated with a project. This has helped me in
understanding my capabilities in this particular field. Furthermore, it has helped me in working
as a team for successful implementation of a project. It has considerably helped me in making a
meaningful contribution to the team.
Answer 7
I believe that my role of project manager plays a key role in project management. A
project manager is responsible for proper project planning, execution, monitoring and controlling
the projects. The project manager has a meaningful contribution to the team that assists the
project team members in working in a strategic approach in order to implement the project
successfully (Martinelli & Milosevic, 2016). The responsibility of the project manager is that of
a mentor that guides, influences and coaches the entire team in successful implementation of a
project.
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INTEGRATED PROJECT MANAGEMENT
References
Kerzner, H. (2013). Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Martinelli, R. J., & Milosevic, D. Z. (2016). Project management toolbox: tools and techniques
for the practicing project manager. John Wiley & Sons.
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