The Principles Of Project Management - 3083 Words

Task 1: Project Management Principles The principles of project management has served a purpose to ensure that projects can be completed by helping to strategically plan and predict risk to ensure project success. Projects have been ran from pre historian times and until 1900, projects were â€Å"generally managed by the creative architects and engineers themselves† as there was no recognized profession of project management (Lock, 2007, p.2). The Dixon Company would require the use of project management principles such as the success principle, the tetrad trade – off principle and the strategy principle, to ensure that the business’s re-structuring project becomes a success in completion. The use of the following project management principles will help Dixon PLC to thoroughly evaluate the re-structuring project by identifying key success and failure criteria as well as assess possible risks both financially and non financially to the company. It is important at the beginning of the project to â€Å"issue a formal document of authority to open a project and allow expenditure to begin† (Lock, 2007, p.492). This document acts as an official announcement that the project will now proceed and The success principle states that the measure of the Dixon re-structuring project’s success â€Å"must be defined at the beginning of the project as a basis for project management decision† (Wideman, 2000). It is relevant to identify at what accomplishments the project must have for it to be reviewed asShow MoreRelatedPrinciples of Project Management3038 Words   |  13 PagesThe principles of project management2 Viability of Projects Success/Failure Criteria4 Additional standard for the projects success/failure6 Calvert Social Index success/failure criteria7 Principles behind project management systems and procedures7 Human and material resources to achieve successful projects8 Information Security Audit System and Procedures 9 Key elements involved in terminating projects and conducting post-project appraisals 9 key elements involved in terminating projects 10Read MoreThe Principles Of Project Management1748 Words   |  7 Pagesclosely related to PMBOK principles of project management, it incorporates the basic belief and put forward a framework for addressing risk and uncertainties within project management domain. This model has been formulated by undertaking serious research involving multiple dimensions. Henceforth, the model presents a solid framework to understand basic project elements and map them accordingly to understand what type of methodologies and skill set will be required by the project manager to effectivelyRead MorePrinciples of Project Management3022 Words   |  13 PagesTable of Contents The principles of project management2 Viability of Projects Success/Failure Criteria4 Additional standard for the projects success/failure6 Calvert Social Index success/failure criteria7 Principles behind project management systems and procedures7 Human and material resources to achieve successful projects8 Information Security Audit System and Procedures 9 Key elements involved in terminating projects and conducting post-project appraisals 9 key elements involvedRead MoreThe Principles Of Project Management2753 Words   |  12 PagesPrinciples of Project Management Assignment Two CSI 5113 Dental Hospital Project Prepared by Crackers IT services Student name Student number Nitin Sharma 10333653 Submitted to David Cook Date of submission: 29//2014 TABLE OF CONTENT 1. EXECTIVE SUMMARY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2. INITIATION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2.1 BACKGROUND†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2.2 CURRENT STATE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2.3 OBJECTVES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2.4 ASSUMPTIONS AND CONSTRAINTS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2.5 OPTIONS AND RECOMMENDATIONS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2.6 PROJECTRead MoreProject Management Principles Of A Project Manager Essay1319 Words   |  6 PagesIntroduction Construction projects have always been a very important part of human civilisation. For handling a construction project there need men, money, machinery, material and management. The project would be successful when the project manager has these five variables under control. The key to project success is to pick the right project manager. A right project manager is the person who manages the triple constraints (cost, quality and time), scope and safety for the project to be planned in a correctRead MoreProject Management Principles For Assesing Management1195 Words   |  5 PagesStandards 6.1 Project Management We manage our projects in accordance to PRINCE2 project management principles. KAAN takes the role of assisting a client very seriuously, therefore, we persue every task with utmost precision and expect nothing but the best for our client. In case of errors proven to be commited by us, we tend to raise them as soon as they are identified and would suggest the most accurate solution to rectify it. We tend to be adaptive and flexible with every project we do and tryRead MorePrinciples Of Management Final Project2090 Words   |  9 PagesPrinciples of Management Final Project – A Closer Look at Express-Scripts Express-Scripts is a widely renowned company who grew from a small-town pharmacy into the billion dollar company it is today. Many factors attribute to the growth and success of Express-Scripts and any who take a closer look into how this company came to be soon realize that it has only been through the process of hard-work, dedication, strategic planning and finding just the right niche in the marketplace. Express-ScriptsRead MoreLesson 9-Project Management Principles6103 Words   |  25 PagesProject Management Principals Chapter 6: Executing Projects Note: See the text itself for full citations. An Introduction to Project Management, Third Edition Copyright 2010 2 Learning Objectives ââ€" ¸ ââ€" ¸ List several tasks and outputs of project execution Discuss what is involved in directing and managing project execution as part of project integration management, including the importance of producing promised deliverables, implementing solutions to problems, evaluating work performanceRead MoreMba Project Management, Strategic Planning, Principles Of Marketing And The Real Business World1042 Words   |  5 Pagesbusiness phenomenon better and solve the problem’s effectively, I must explore MBA in depth and so I did my Bachelorette in commerce which includes the courses related to MBA like Project Management, Strategic Planning, Principles of Marketing and so on. I also took the electives like Advertising, Human Resources Management by myself. Case studies in these courses enabled me to link theory with practice and it was through them that I found myself very much interested in market information. MBA withRead MoreEssay on MBA detail course outline1314 Wor ds   |  6 Pages(Evening): 1.5 years (Quarters, 3, 4, 7, 8 14) General Management 1st Quarter Effective : Spring Quarter 2011 Human Resource Management Finance Accounting Banking Finance †¢ Organizational Communication †¢ Organizational Communication †¢ Organizational Communication †¢ Organizational Communication †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Research Methods †¢ Research Methods †¢ Research