Project Management Essay Example | Topics and Well Written Essays - 2500 words - 2

Project Management - prove ExampleMoreover, these activities are assumed to accomplish, their objectives within financial constraints as well. In the light of above countersign the intentions are conceived to attain the certain goal or set of goals in a given cartridge holder frame, therefore it could be established, that the time is the most important feature of these activities. Generally, the resources are deployed in an organization to channelise out its normal functions, but the nature of a firm is pretty much stcapable, as compared to that of a fancy. This fact places a premium on the timely execution of the projects. The project could besides be defined, a set of interconnected tasks, which should be completed to execute, the entire project (Blackst hotshot, Cox, & Schleier 2009). til now, this observation leads to the implication of interdependence of one task on to the completion of another one. This interconnectivity compels the project caution to hire experts of e very area bear on by the project. Next, this paper will shed some light on the interesting facts, about the regeneration of project management as a science, which are as follows The process of project make uping got better, because the cost overruns dropped from 180% to just 56%, in past ten years (Blackstone, Cox, & Schleier 2009) The time overruns are also decreased from 164% to 84% in the same period of time (Blackstone, Cox, & Schleier 2009) These improvements are caused, by the excessive exercise of information technology, to integrate the decision process, between various people working on the project. However management information systems helped a lot in terms of effective and efficient project execution, but they by themselves are the most difficult ones to manage. The case of NHS IT program is a real world example. The major usance of projects is to create something new, such as new product teaching. Therefore, they carry a higher level of risk, which requires an abl e management team that was lacking in the NHS project. The projects are believed to be the only credible source of development in the dynamic world of management, because they provide, the opportunity to the business persons around the world to experiment with something new (Zdanyte & Neverauskas 2011). However the rate of failures among these activities is overwhelmingly high. This fact is partially caused by the inadequate level of knowledge about this peculiar(a) field among practitioners. This trend also played a significant role in making the IT project of NHS a failure, where the large level execution was attempted without any prior planning. The modern method of project management entails, dividing a whole project into smaller ones, and then considering each one separately (Gorog 2011). In this way the commitment of resources is well divided among the various stages of the project, so it becomes relatively simple to track the investments. other benefit of this approach is t he clear and logical interdependence between the different phases of the project gets highlighted, which gives clear disposition of direction to those working on it. This above mentioned approach was the ideal one to implement on the surmise