Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Project Management and Business Strategy
How and why project managers need to be able to contribute to business strategy?
Every complex organization engaged in commercial activity relies heavily on the support systems designed, implemented and supervised by project managers, because "the project manager ensures that the project, once defined, is executed efficiently by managing the day-to-day activites, reporting directly to the client on project related issues" (Pellegrinelli and Bowman, 1994, pp. 125-132). The overall strategic objectives outlined by members of an executive management structure require adept project management to ensure that deadlines are met in timely fashion, budgetary restrictions are adhered to, and deliverables conform to the specifications provided by clients. Within the specific field of information technology (IT) project management, the use of quality control and quality assurance (QC / QA) programs involves the precise application of numerous tools, techniques, principles and practices designed to ensure that IT projects prioritize quality during the duration...
Decades of research focused on the theoretical foundations of project management have resulted in the development of Seven Basic Tools of Quality, including cause-and-effect diagrams, control charts, run charts, scatter diagrams, histograms, Pareto charts, and flowcharts (Schwalbe, 2011). These advanced forms of statistical analysis assist IT project managers in the intricate process of achieving continual balance with regards to the triple constraint of budget, time, and scope that limits a project's progression. As Mintzberg states in Rethinking Strategic Planning Part I: Pitfalls and Fallacies, his seminal treatise on project management's role in the realm of business, "strategies are not developed on schedule, immaculately conceived. They can appear at any time and at any place in the organization, typically through processes of informal learning more than ones of formal planning" (Mintzberg, 1994, pp. 12-21). The sheer unpredictability of strategic business planning necessitates that project managers remain capable of contributing viable…
References
Goel, V. And Pirolli, P. 1989. Motivating the notion of generic design within information-processing theory: The design problem space. AI magazine, 10 (1), p. 19. [Accessed: 14 Sep 2013].
Mintzberg, H. 1994. Rethinking strategic planning part I: Pitfalls and fallacies. Long-Range
Planning, 27 (3), pp. 12-21. [Accessed: 14 Sep 2013].
Pellegrinelli, S. And Bowman, C. 1994. Implementing strategy through projects. Long-Range
Business Strategies Coca Cola Company Case Analysis Strategy Recommendation in Business The Coca Cola Company (Case Analysis) The Coca cola Corporation is among the most successful and well-known company in the globe. Its reputable existence is analyzed with its performance and efficient management. The company has dominated and controlled the beverage industry for many years, and has often proven its abilities in innovation, creativity and consumer satisfaction. The company has also set extremely high
Project Management Elements of Business: Project Management Postings to the Discussion Board The Critical Path of PERT charts Successful realization of business goals of any organization, there has to be an efficient project management in control. Most performing organizations bare witness of how the good managerial functions and change has brought to them. The critical path will always entail the sequencing of duties and events, to ensure that a project is not delayed. The
More than 44% of users see noticeable indications of benefits from laser treatment within the first 6 weeks. Another 45% see results in 6 to 12 weeks. The remainder sees less dramatic results after 12 weeks. (White Cliffs 2008) 2.3: New Business Strategy Parnell proposes a number of questions regarding business strategy, including "Is strategy-making an art or science? Should a strategy be publicized or kept largely secret? Is consistency or flexibility more important?
Project Management Project Information, History, Intent, and Life Cycle Gray and Larson, (2008) define project as "a temporary endeavor undertaken to create a unique product, service, or result." (p 5). Essential feature of a project is that it has a defined beginning and end often subject to time or fund constraint to achieve stakeholder's goals and objectives. Gray and Larson (2008) differentiate between project and program. "A program is a group of
Requirements and Design - This focuses on the areas of intricacies of turning functional specifications into technical specifications, and also creating a series of approaches to giving users a chance to see the development of applications and most importantly, giving them the chance to review evolving system functionality. Approval and Gate Process - This is the critical step where ownership by users is tested, as the evolving functionality and direction of
Business Plan for E-Commerce Product Overview/Summary Description Situation Analysis In the contemporary, there is a great need for consumer satisfaction and ease of access to products. With the advancement in technology, consumers demand for easy accessibility to products and service. The e-commerce product and service offering being presented in this case is mobile money transfer. It will be referred to as c-money. Basically, the consumers will be able to transfer funds through their