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Project Management

The document discusses five key characteristics that differentiate projects from routine work: defined life span, well-defined objectives, involvement of multiple disciplines, a project life cycle, and specific time/cost/performance requirements. It also discusses forces that have changed project management like shorter product life cycles, global competition, and new technologies. An integrative approach to project management is important as it links projects to strategic plans and prioritizes projects according to their contribution to meeting customer needs through an organizational system and positive team culture.

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Sai Gummadi
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Download as TXT, PDF, TXT or read online on Scribd
204 views

Project Management

The document discusses five key characteristics that differentiate projects from routine work: defined life span, well-defined objectives, involvement of multiple disciplines, a project life cycle, and specific time/cost/performance requirements. It also discusses forces that have changed project management like shorter product life cycles, global competition, and new technologies. An integrative approach to project management is important as it links projects to strategic plans and prioritizes projects according to their contribution to meeting customer needs through an organizational system and positive team culture.

Uploaded by

Sai Gummadi
Copyright
© © All Rights Reserved
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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1. Define a project.

What are five characteristics which help differentiate p


rojects from other functions carried out in the daily operations of the organiza
tion?
Answer:
A project is a complex, non routine, one-time effort limited by time, budget, re
source, and specifications.
Characteristics of projects are different from routine, repetitive daily work in
the following listed way:
-> A defined life span
-> A well-defined objective
-> Typically involves people from several disciplines
-> A project life cycle
-> Specific time, cost, and performance requirements.
2. What are some of the key environmental forces that have changed the way proje
ctsprojects?
of
are managed? What has been the effect of these forces on the management
Answer:
Some key environmental forces that have changed the way we manage projects are
-> the product life cycle
-> knowledge growth
-> global competition
-> organization downsizing
-> technology changes
-> time-to-market
The impact of these forces are
-> more projects per organization,
-> project teams responsible for implementing projects
-> accountability
-> changing organization structures
-> need for rapid completion of projects
-> linking projects to organization strategy and customers
-> prioritizing projects to conserve organization resources
-> alliances with external organizations, etc
3. Why is the implementation of projects important to strategic planning and the
project manager?
Answer:
Strategic plans are implemented primarily through projects e.g., a new product, a ne
w information system, a new plant for a new product. The project manager is the
key person responsible for completing the project on time, on budget, and within
specifications so the project s customer is satisfied.
If the project is not linked to the strategic plan of the organization, resource
s devoted to the project are wasted and a customer need is not met. This lack o
f connectivity occurs more in practice than most would believe.
4. The technical and sociocultural dimensions of project management are two side
s to the same coin. Explain.
Answer:
The system and sociocultural dimensions of project management are two sides of t
he same coin because successful project managers are skillful in both areas. The
point is successful project managers need to be very comfortable and skillful i
n both areas.

5. What is meant by an integrative approach to project management? Why is this


approach important in today s environment?
Answer:
An integrative approach to project management is one in which all the parts are
interrelated. This approach is important because it can give an organization a c
ompetitive edge in today s environment.
An integrative approach includes two parts.
-> projects must have a strong link to the organization s strategic plan, which is d
irected toward meeting the customer s needs. A project priority system reinforces th
is linkage by prioritizing projects according to their contribution to the strat
egic plan and allocates resources by the priorities set.
-> an integrative approach provides an integrated system for the actual implemen
tation of the projects. This includes an information system which supports decis
ion making and a sociocultural environment which creates a positive, active cont
ribution from team members responsible for completing the project.

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