Tag: review of project management

Project Management in a PRINCE2 setting

Project management is a field that is worldwide and can include diverse fields such as IT and construction but not all of them. For many projects, there are automatically a number of specialized processes that need to be identified and created. As on a prince 2 Course London with training and Project management are conducted by  Project team Project board Project Steering Committee Project Office Project consistency agency Project director Project leader These organizations frequently conduct a review of project management, survey program participants, conduct annual review meetings, and other such activities to evaluate effectiveness and performance. The success of a project depends on the effectiveness of the system used to coordinate, plan, and control the project.  Effective planning and coordination create a most successful project.   The planning process must also evaluate and clarify the relationships and information among team members and the project stakeholders. Project Stakeholders These are typically the people that will be impacted by the implementation of a project. The first or principal stakeholder is usually an owner or manager within an organization. They have a variety of economic, legislative, social, and spiritual stakes in the success of the project. A project stakeholder can be defined simply as an " external party who will be impacted by the project."  The second most common stakeholder level is organizational stakeholders who may be directly or indirectly affected by the project.   These stakeholders normally fall along with the functional project organization.   They fall on the organizational hierarchy or project organization levels. Post-project assessment must include investment in the project stakeholder relationship. Project Periodic reviews must be conducted by project stakeholders after a minimum of the predetermined project period or project review meeting.  The review must be conducted at least semi-annually to evaluate effectiveness, progress, and impact on all involved stakeholders. Related Resource: Using Project Management to Maximize the Holiday Season at Work The Project Organization for effective project management A system for effective project management is essential to the success of any organization's infrastructure.  Projects, systems, and functions are backed up with a people, process, and technology foundation.   Keeping the system aligned with the organization's goals and objectives can not be accomplished without an effective project management approach. Project Management Process A structured system for managing projects is essential to the success of the project because creating reality from limited or theoretical plans takes a lot of work and energy for a solid foundation.   Beginning with a project definition provides the clarity and momentum needed to determine the specific areas to establish for the project at hand.  Each project has a unique set of limited and controlled resources and there are no similarities. The first and most important step in effective Project Methods, is the IPC, if you must have something else; an Integration Planning Process. The IPC provides the direction (not implementation) of the business benefits or impact of the plan for that specific project.   The goal of the IPC is to create a realistic blueprint of actions that could be undertaken by the stakeholders to optimize the business objectives. The most successful IPC plans are based on business benefit-supported plans. These business benefit plans can be used to validate the portfolio of projects selected for consideration, including the project for a single functional organization and also for various projects in the portfolio. Some project benefit is typically geared toward converting customer needs into new customer commitments and requires a change in the Customer's expectations. Read Also: Importance Of A Project Manager In An Organization Top Ways Contract Management Software Helps to Mitigate Contract Risk Run Your Business with Ease Using an Integrated Management System