PROJ6000: Project Management Discussion on Competencies and Selection

This discussion board post explores the principles of project management, emphasizing the importance of leadership and managerial qualities in project managers. The post discusses essential traits such as good decision-making, problem-solving abilities, and effective communication. It also includes a personal experience of installing an Information System in a retail store, highlighting the use of the payback period as a project selection method. The response to the initial post recognizes the significance of project manager roles and responsibilities and the relevance of project selection methods. The second post, however, is criticized for not elaborating on the competencies and responsibilities of project managers. The discussion covers various project selection methods, the phases of project management, and the importance of integrating leadership qualities for project success. The assignment also includes a bibliography of relevant project management texts.

Running head: PRINCIPLES OF PROJECT MANAGEMENT
Principles of Project Management
Nam of the student
Name of the University:

2PRINCIPLES OF PROJECT MANAGEMENT
Initial post
Project management is referred to as a process that is used to manage and execute any
project successfully within primary estimated time and budget, It has been determined success
and failure of any project is partly dependent on the leadership and managerial qualities of the
project managers. The project manager requires giving efforts and also should influence the
project team members. Considering global project management context it has been determined
that, managers associated to any project should possess particular personal traits. In order to
become one of the most effective and inspirational associate the project manager must have
leadership trait and should lead the project team members and other associates. Besides this, a
project manager must have a trait of good decision maker. Good decision making power will
help to reduce negative attitude among the team members.
In addition this, a project manager should possess problem solving power. Appropriate
problem solving and risk resolving capability will improve the team collaboration. A good
project manager requires possessing certain important managerial traits and qualities. These
qualities will help the project managers to become a successful person. In addition to this, the
other trait which is essential for a project manager is a good communicator. Professional and
effective communication is the best way that helps to create strong relationship among the
project team members. Integrity is referred to as one of the most crucial components that a
project manager must keep in mind.
I was assigned in a project for installation of an Information System in a retail store. The
project was little complex because it was about installation of an information system in an
organization which holds older infrastructure. Different processes are there can be used by a

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project associates to prepare and develop any project. From personal experience it has been
determined that, for implementing any project productively it is essential for the project
supervisor to use the majority accurate project selection method among the all. The dissimilar
project assortment methods that are widely used by the project managers in an organization are
cost benefit ratio, economic model, payback period, discounted cash flow, net present value etc.
During the project design and development period it has been learnt that payback period is the
best project selection method that has to be utilized by the project developers. The payback
period is referred to as a total time that a project would take to recoup with its very initial
investment. The time will ensure that whether the project will be a successful or not. If it is
determined that, the payback period is the most suitable way that has to be used to select any
project. Not only this but also, whether the project will be commercially successful or not is also
measured with the help of this project selection method. The total return or revenue value can
also be measured with the help of this project selection method. It will also help to measure the
total inflation rate and interest that the project can obtain from the successful implementation of
the project.
Response
Response to the 1st post
From the analysis of the1st post it has been recognized that, success of any project is
dependent on the roles and responsibility serves by any project manager assigned for a particular
project. These days each projects creates ripple effects which reverberate further than the
previous days. It is true that a project manager should know how they can become a good
project manager. I think that the roles and responsibilities that a project manager and project

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leader should cover are properly discussed in the post. Apart from this, the project selection
method that a project manager should use while implementing any project are also elaborated in
this paper. The two project selection methods are also relevant to the nominated scenario I think
that, the techniques mentioned in this post are also accurate and well defined along with its
benefits.
Response to the 2nd Post
On the other hand, the 2nd post is not well discussed. The roles and the responsibilities of
the project managers are not properly discussed in this post and also what are the managers traits
that have to be incorporated by a project administrator are not elaborated in this post. In addition
to this, the competency and effectiveness on which a project manager needs to focus on are also
not properly elaborated in the second post. The phases of project management those are
mentioned in the 2nd post include initiation, definition, planning, launch, execution, performance,
control and project close. I think that the applications for each of the phases are not properly
elaborated. It could have been elaborated in a better way but the personal experience section is
very well discussed and illustrated.

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Bibliography
Binder, J., 2016. Global project management: communication, collaboration and management
across borders. Routledge.
Kerzner, H., 2017. Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Kerzner, H., 2019. Using the project management maturity model: strategic planning for project
management. Wiley.
Larson, E.W. and Gray, C.F., 2017. Project management: The managerial process. McGraw-Hill
Education.
Meredith, J.R., Mantel Jr, S.J. and Shafer, S.M., 2017. Project management: a managerial
approach. John Wiley & Sons.