Project Management Report: Personal Traits, ERP System Selection

This report delves into the critical aspects of project management, beginning with an analysis of the personal traits and core competencies essential for effective project managers. It highlights qualities such as a positive attitude, honesty, and organizational skills, as well as leadership, communication, and risk management abilities. The report then describes a project involving the implementation of an ERP system in a small retail company, emphasizing the benefits of addressing issues arising from manual data computation. Furthermore, it outlines various methods for project selection, including the benefit measurement method, economic value added, and constrained optimization method, providing a comprehensive overview of the decision-making process in project management. The report references several academic sources to support its findings and recommendations.

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
1. Analysis of personal traits or competencies for project managers for becoming more
effective
Personal traits
It is found that there are a number of personal traits that must be present within the
effective project managers.
 Positive attitude: Attitudes can be either categorized into positive or negative however
both the positive and negative attitude can create impact on the project. When the risks
are quite high then the issues are very much unnerving and therefore the managers need
to provide proper impression that is required for the success of the team (Sohmen &
Dimitriou, 2015).
 Honesty: Trust within the team members of the project is quite necessary and it is found
that trust is mainly built on the manager’s honesty. In addition to this, proper
communication skills are considered as good qualities for properly managing the project.
 Organization: Keeping track on the deliverables, meetings as well as approval requests
are considered as one of the important parts for the manager of the project. An extremely
organized project manager can be able to handle the work effectively (Joslin & Muller,
2015).
Core competencies
The core competencies that is needed to be present within the manager in order to handle
the project effectively are listed below:
 Strong leadership: Strong leadership helps in guiding the entire project in order to
achieve successful execution as well as completion of the project.

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 Proper communication: Proper communication with the other stakeholders including
sponsors, project team as well as clients are helpful in building trust and assists in lending
credibility which further increases the chances of project success (Hornstein, 2015).
 Risk management: Risk management skills are important for managing the risks of the
project and helps in finding proper solutions in order to achieve success.
 Planning and organizing skills: Proper planning as well as organizing skills are
considered to be vital for executing the entire project successfully.
2. Description of a project and explanation about the method that could be used for project
selection
Description of the project
The implementation of an ERP system is generally undertaken in order to resolve the
issues that a small retail company faces due to manual computation of the data. The issues that
are faced due to the use of manual system includes too much error, misinterpretation as well as
time consumption. In order to resolve this issue, an ERP system is implemented that not only
resolves the issues but also helps in improving reporting and planning, assist in completing
customization as well as helps in improving efficiency.
Methods for project selection
The project selection methods that are utilized for selecting project are mainly elaborated
below:
 Benefit measurement method: It is one of the technique that is mainly used for selecting
projects depending on the current value of the cash inflow as well as outflow that is
estimated.

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 Economic value added: It is one of the performance metrics that helps in calculating the
creation of worth within the organization for properly defining the ROC (Todorovic et
al., 2015).
 Constrained optimization method: This is one of the mathematical models that is used
for project selection and is mainly that is mainly utilized within large and complex
projects that generally needs complex calculation of mathematics.

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References
Hornstein, H. A. (2015). The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2),
291-298.
Joslin, R., & Müller, R. (2015). Relationships between a project management methodology and
project success in different project governance contexts. International Journal of Project
Management, 33(6), 1377-1392.
Sohmen, V. S., & Dimitriou, C. K. (2015). Ten core competencies of program managers: an
empirical study. International Journal of Health and Economic Development, 1(1), 1.
Todorović, M.L., Petrović, D.Č., Mihić, M.M., Obradović, V.L. and Bushuyev, S.D., 2015.
Project success analysis framework: A knowledge-based approach in project
management. International Journal of Project Management, 33(4), pp.772-783.