Exploring Key Trends, Pitfalls, and Management Strategies in Projects

This report provides an overview of project management, defining it as the discipline of initiating, planning, controlling, and ending project work to achieve organizational goals. It highlights major trends such as agility, cultural considerations, AI and IoT integration, and predetermined schedules. The importance of management's thorough understanding of projects, aligning with current trends, is emphasized. The report also addresses the shift towards millennial managers and the criteria for their selection based on prior experience. A standard approach to project completion is outlined, including planning, issue identification, stakeholder engagement, and objective definition. Common pitfalls like time overruns and cost escalations are discussed, along with management challenges such as undefined goals, scope changes, inadequate skills, and lack of accountability. The report references academic sources to support its analysis of project management concepts and challenges.

Running head: PROJECT MANAGEMENT
Project Management
Name of the student
Name of the university
Author Note:

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Table of Contents
Answer 1..........................................................................................................................................3
Answer 2..........................................................................................................................................3
Answer 3..........................................................................................................................................3
Answer 4..........................................................................................................................................3
Answer 5..........................................................................................................................................4
Answer 6..........................................................................................................................................4
References........................................................................................................................................5

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Answer 1
Project Management can be defined as the discipline of initiating, planning, controlling
and ending the work of a particular team in the organization to achieve some of the specific goals
of the organization.
Answer 2
Some of the major trends in Project Management are;
a. Being Agile and updated,
b. Cultural angle,
c. Using artificial intelligence and internet of things,
d. Pre decided time Schedule.
Answer 3
It is important for the management to have a thorough idea of the project in hand. The
management must have the idea about the task whether it is to develop a website, providing a
new design to a car, moving a department to a new facility or updating an information system or
any other project in the offering (Alvarez-Dionisi, Turner & Mittra, 2016). The management of
the organization must make sure that the following project fits into the recent trends and adapts
itself into every new aspect.
Answer 4
The project management concept has undergone a sea of change in the recent years and
has seen the introduction of millennial in the workforce (Cicmil et al., 2017). The millennial

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managers have replaced the earlier aged managers and are generally in between the age of 24 to
36 years. The choice of the managers in the particular project will be based on whether they have
done similar projects before or not.
Answer 5
A standard approach must be taken to complete the following project. This may include;
1. Planning the project including the budget,
2. Identification of the issues,
3. Identification of the stakeholders,
4. Defining the objectives to the team.
Answer 6
According to Leach (2014), some of the common pitfalls of the project include time over-
run and cost escalations as a result of such a factor. The execution of the project might involve a
lot of management problems which must be taken care by the organization. Some of them are;
1. Undefined goals,
2. Changes in Scope,
3. Inadequate skills,
4. Lack of Accountability.

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References
Alvarez-Dionisi, L. E., Turner, R., & Mittra, M. (2016). Global project management
trends. International Journal of Information Technology Project Management
(IJITPM), 7(3), 54-73.
Cicmil, S., Cooke-Davies, T., Crawford, L., & Richardson, K. (2017, April). Exploring the
complexity of projects: Implications of complexity theory for project management
practice. Project Management Institute.
Leach, L. P. (2014). Critical chain project management. Artech House.