Principles of Project Management Report - BUS123, Semester 2
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This report provides a detailed analysis of project management principles, specifically addressing the challenges faced by Mawson Zoo in delivering projects on time and within budget. The report emphasizes the critical roles of accountability and responsibility in fostering successful project outcomes. It explores practical strategies for implementing these principles, such as establishing clear expectations at project kick-off meetings, outlining interconnected tasks, and addressing poor performance promptly. Furthermore, the report delves into the importance of strategic project management (SPM), highlighting the need to align projects with corporate strategy, cultivate a project-supporting organizational structure, standardize project methodologies, integrate recognized project processes, and measure project performance. The report draws on academic research to support its recommendations, including the development of a strategic project management framework to guide the successful selection and implementation of projects within the organization. The report aims to provide actionable recommendations to improve project schedule and budget performance throughout the organization.
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