Principles of Project Management: Application, Factors, and Practices

This report provides a comprehensive overview of project management principles, encompassing project integration, scope management, time management, cost management, quality management, human resource management, and communication management. It delves into the factors that contribute to project success, such as user involvement, executive support, clear requirements, proper planning, and realistic expectations. Conversely, it examines the factors leading to project failure, including resource shortages, unrealistic expectations, incomplete requirements, changing specifications, technical illiteracy, and a lack of IT management. The report also discusses scenarios where project management practices are not effectively executed, such as a lack of company commitment, insufficient organizational involvement, and the absence of pressure to meet deadlines. Finally, it highlights the challenges of scaling approaches and the resistance of project teams to changes, emphasizing the need for effective project management to navigate these complexities.

Principles of Project Management

Application of an effective procedure,
methods and the knowledge areas
 Project integration- It includes a fundamental plans in developing the charter
of the project that is been created at the time of an initiation phase. It is a
document that sets the project and assigning it to the project manager.
 Managing Scope of Project- In this area scope of the project is been defined
in the scope statement that is converting sentence to the bulleted list which is
comprehensive in reducing the major part of the project risk.
 Time management- It provides for the schedule management that includes
creating schedule for a project which reflects defining the activities and
preparing the task list which touches each aspect of project.

CONTD..
 Cost management- - It means an area that involves preparation of the project
budget that means having a good estimating techniques.
 Quality management- It is stated as part of overall project plan that contains
all the quality specs for a service or the product.
 Human resource management (HRM)- In this phase a best team is been
assemble for tracking the performance for ensuring progress of the project as it
is planned.
 Communications management- At this point of area, dissemination of the
communication is been identified which includes controlling communication
by monitoring effectiveness of project planned and adjusted.

Ways in which project management
relates with the project failure and
success
Factors of successful project
Involvement of the user
Support of executive management
Clear statement of the requirements
Proper planning
Realistic expectations

CONTD..
Factors of project failure
Shortage of resources
Unrealistic expectations
Incomplete requirements
Changing specifications
Technical illiteracy
lack of the IT management

Conditions when the practices of project
management are not been executed in
the projects
 Company is not having a committed sponsorship- When
managers of the company are not having a strong commitment to
cultural change that is needed for getting better management of
the project.
 Overall organization is not involved- If the manager does not
value the skills regarding project management then he is not said
to be a good project leader.

CONTD..
 An organization is not having lot of pain across the project- In many of the
circumstances, projects are not seen as under pressure for getting completed
within fixed period or deadline.
 An enterprise not scaling approaches and the processes- It is the common
criticism that is reflected cumbersome, taking too much of the focus, paper
intensive from the work at the hand.
 Project team fight for the changes- Most of the organization seeks for
resolving their problems and in doing their job creatively with minimum level
of supervision.

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