Project Management and Why It's Needed In An Organization
Organizations generally perform two types of work: projects andoperations. The Project Management Institute (PMI) notes that projects aretemporary and unique while operations are ongoing and repetitive (PMI,2000). PMI defines a project as being a temporary endeavor undertaken tocreate a unique product or service. To meet the criteria of being atemporary endeavor, projects must have a definite start and finish point.To meet the criteria of being a unique product or service, projects must bedistinguishable from all other work. PMI further notes that projectmanagement is the application of knowledge, skills, tools and techniques toproject activities to meet project requirements (PMI, 2000), and thatproject management entails initiating, planning, executing, controlling andclosing projects. Therefore project management is a defined process thatguides the planning and execution of temporary endeavors to create unique Project management is needed by an organization if the organizationdesires well-planned and well-executed projects. Project management
PMI has developed athorough project management framework that covers nine distinct knowledgeareas. Simple,short-term, low-cost and low-risk projects might involve a very streamlinedproject planning process, while complex, long-term, high-cost and high-riskprojects may involve extremely detailed project planning processes. These knowledge areas include 39 different processes, with 21related to planning and 14 related to other processes (execution, controls,reporting, closeout, etc. While PMI's framework is a very comprehensiveproject management process, project managers may choose to adapt theprocess to meet the complexity of specific projects as necessary. Project management and project planning processes can contribute to anorganization's survival and success, while the absence of projectmanagement and project planning processes can lead to an organization'sdemise. This structure helps indeveloping the concept for the project, which in turn is used to secureapprovals to proceed to the execution phase of a project. Project planning processes provide accountability and authority toproject managers and project teams. Several project management processes exist. Collectively these five steps form the life-cycle phases of projectmanagement, and all steps require adequate attention to ensure that aproject is adequately managed. Costs, time-frames, quality targets, and other relevant factors are considered in theplanning process. Project management ensures thatorganizations are able to achieve strategic initiatives that extend beyondnormal operations through a recognized process, thus aiding organizationsin fulfilling strategic objectives such as new product development, processre-engineering, organizational change or financial growth. re to the process of initiating action that will lead to aproject, planning for the project, executing the project, controlling allaspects of the project, and then bringing closure to the project. In conclusion, project management is needed within organizations tosupport temporary endeavors that create unique products or services. Regardlessof the scope of the project being undertaken, a project planning processprovides the structure necessary to effectively plan a project, with thedesired outcome of having a smooth and effective execution of the project. The execution portion of the project management processuses the planning work as a benchmark for planned vs.
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Acceptance Essays
