Project Management Report: Project Management in Golds Gym Case Study

This report provides a comprehensive analysis of project management principles, methodologies, and their practical application within the context of Golds Gym, a fitness center chain. The report begins with an introduction to project management, defining its characteristics and the crucial role of a project manager in planning, organizing, and executing projects. It delves into the project characteristics such as temporary and unique nature. The report then explores theoretical frameworks and methodologies, including the Critical Path Method (CPM) and PRINCE2, highlighting their significance in project environments. Further, it examines the composition and management of teams, emphasizing teamwork and the importance of diverse perspectives. The report also identifies fifteen key project management functions, such as scope definition, stakeholder management, resource allocation, risk assessment, and change control. The conclusion summarizes the key findings, emphasizing the importance of effective project management for business success. The report includes references to relevant literature, supporting the analysis with established project management theories and practices.

PROJECT
MANAGEMENT

Cover Content
• Introduction
• Project characteristics and role of project manager
• Application of theoretical framework and methodologies within a project
environment
• Composition and management of team in a project environment
• Fifteen project management functions
• Conclusion
• References

INTRODUCTION
Project management is considered as a
planning under which activities are
organised and managed so that
company can complete or accomplish a
project. Thus, it is a ongoing process
that manage multiple projects in one go.
Golds gym is an American chain of
fitness centres.

Project characteristics and role of
project manager
Project is determine as a set of actions
which are undertaken for a period of
time and to make a project plan
different kinds of resources are taken
into considerations so that problems can
be solved and company can gain better
outcomes. Basically, project has some
characteristics and in order to make it
effective company needs to follow these
factors and these are:

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Temporary: A project is temporary in
nature because sudden change in market
area or business environment can effect
plan and performing activities. For this,
firm has unique set of requirements
which are to be delivered by
considering the boundaries of project.

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Unique: Every company has their own
requirements of operating their business
which makes them unique from one
another. So, their projects are also
different and vary from other firms.

Role of project manager
Project manager are the one who identifies
or evaluate central problem in an
organisation and provides solutions for
the same. They have a responsibility of
making appropriate plans which can
further be executed in a project. Certain
role of project manager that are
performed by them are mentioned
below:

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Integration management: Under this,
project are being developed and
managed so that it can be provided with
proper direction.
Time and cost management: In this, proper
schedule is formed so that resources can
be allocated properly and all the funds
are managed accordingly. As a result it
will assist firm in executing the plan in
better manner and in speculated time
frame.

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Quality management: Under this, things
which are manufactures are taken care
off so as to evaluate whether products
are of best quality or not. Other than
this, project manager needs to find out if
things are set according to the
parameters.
Human resource management: It is
important for a manager to take care of
his/her team and motivate them on a
regular basis so that team mates can
follow the right direction for achieving
their goals and objectives.

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Risk management: Every project has some
or the other risk that are to be
considered if a company wants to attain
success. So here, project manager make
contingency plan if not much success is
gained.
Procurement management: There are
different kinds of materials which are
required in order to execute the plan in
an effective manner. Thus, project
manager provides with all required
materials so that activities can be done
properly.

Application of theoretical framework and
methodologies within a project
environment
Methodologies within a project
environment:
Methodologies are classified as a system of
methods which is used in order to do a
study of a particular area or an activity.
Thus, in simple terms, methodology is
considered as a systematic way of doing
or performing any task. According to the
current market area there are different
methodologies which are being widely
used by companies and project
management.

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Critical Path Method (CPM): This was
developed in the year around 1957 by
R. Walker of DuPont and James E.
Kelley, Jr. of Remington Rand. With
the help of this method, company tend
to find out the predicted time a project
will take in terms of completing the
same. Along with this, least flexible
working activities are being focussed so
that plans can be executed on specific
time frame.