Project Management Report: Project Management for ABC pvt. LTD.

This report analyzes the project management practices of ABC pvt. LTD., a company in the healthcare sector. It begins by assessing the current state of project management, including the organization's maturity level (PMM-2) and risk appetite. The report emphasizes the importance of implementing Agile methodology to improve performance and outlines its benefits, such as better project execution, increased customer satisfaction, and improved profitability. The report also discusses the potential impacts of not implementing proper project management, highlighting the risks associated with inadequate planning and execution. The analysis concludes with a recommendation for ABC pvt. LTD. to adopt and implement effective project management practices. The report references several academic sources to support its findings and recommendations.


Principles of
Project
management


 ABC pvt. LTD is a private organization
that produces machines for healthcare
sector
 Offers wide range of features towards
the healthcare industries or
pharmaceutical companies
 Currently have 100 employees
 This belongs to information technology
sector
Introduction


 Organization aims at design new
products that can offer better services
towards the patients
 The organization was established in early
2017
INTRODUCTION


 After evaluating the organization it can
be stated that the organization operates
at PMM-2
 It is identified that the risk appetite is
low
 The overall operational budget cost is
$10M
 Capital budget is $10M
 Impact from environmental factors is
comparatively low
About


 The organization is 3 years older
 For improving the performance and to achieve
better market, it is important to implement
Agile methodology
 Agile methodology will ensure that every
phases are reviewed effectively by the project
managers
 Agile methodology have different processes
that includes planning, roadmap creation,
release planning, sprint planning, daily
meetings and sprint review
PM METHODOLOGY


 Agile methods
 Rational unified process
 Lean
 Theory of constraints
 Traditional Project Management
 Capability Maturity Models
 Systems Thinking
 Conversation Theory
 Change Management
KA for agile PM


 Project management are essential for
successfully executing a project
 With proper PM it becomes easy to align
the project objectives
 Projects can be executed within
estimated time and budget
 With proper project evaluation chances
of failures can be reduced
About PM


 Project can be executed on time
 Budget can be developed
 Tasks can be managed effectively
 Helps in improving leadership qualities
 Offers better satisfaction towards
customers
 Helps in gaining better competitive
advantages
Benefits of PM


 Implementation of PM in ABC pvt. Ltd.
Will ensure that the projects are
executed on time
 Will increase customer satisfaction
 End products can be developed
effectively
 Meeting the objective will become easy
 Profit will also increase
Impact on Abc pvt.
Ltd.


 The organization have PMM2 that means
maturity level at 2
 It is important to have proper PM within
organization
 Without PM organization becomes
vulnerable to risks
 It becomes difficult to identify the reason
behind risks
 Hence it is important to have proper project
management within the organization
Impacts of not implementing pm


 The project management methodologies
are essential for effective project
execution
 It can be stated that with proper PM
knowledge it becomes easy to improve
business functions
 Therefore it can be concluded that the
organization must implement proper PM
for aligning the business activities
Conclusion


 Pajares, J., Poza, D., Villafañez, F., & López-Paredes, A.
(2017). Project management methodologies in the
fourth technological revolution. In Advances in
Management Engineering (pp. 121-144). Springer,
Cham.
 Rasnacis, A., & Berzisa, S. (2017). Method for
adaptation and implementation of agile project
management methodology. Procedia Computer
Science, 104, 43-50.
 Alghail, A., Yao, L., & Kie, C. J. (2017). Importance of
Project-oriented Organizational Culture in Knowledge
Management Processes. GLOBAL JOURNAL FOR
RESEARCH ANALYSIS, 6(06).
 Kerzner, H. (2017). Project management: a systems
approach to planning, scheduling, and controlling. John
Wiley & Sons.
References