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Project Management
Review the "Lessons Learned" section of the project risk diagram. Describe how the Lessons Learned activity helps you become a stronger project manager, who else it helps in the project team and also describe how it helps PMO. 200 words
Documenting the lessons learned is one of the most important aspects of the closure phase of the project. It is important to an individual project manager because they can reflect on their performance and find areas for improvement. A project manager, with the assistance of their team and supervisors, can find areas in their management capacity in which they can work on for future improvements. They can also make note of things that went right so that they can recreate those items in the future. For instance, if a change management procedure or a communication medium worked well then the project manager will know to use these in the future.
There have been many advancements in how organizations are using individual lessons learned to share with the other project teams. Many organizations are experimenting with different platforms to capture knowledge. One interesting development is the use of the two major forms of social software are Web logs (blog) or Wiki; which is short for the Hawaiian term meaning quick. One advantage over email for both forms of social software is that it can allow a new project...
Each of these platforms have specific advantages and both can be effective and allow team members to get up to speed quickly on a project. Using a standard wiki-like page, the project team can document the processes and procedures that the team is using so that the entire team can read, edit, and collaborate on a shared space (Rettich, 2011).
2. A contingency is described in Chapter six as "alternate plans" on page 102. How does risk identification help with project contingency planning? Provide an example of a specific contingency plan you have ever used, and why it was necessary.
Risk management is also one of the most important components of the entire project. It is critical that the project manager prepare a risk management plan that is comprehensive enough to identify and plan for all of the potential risks. Once the risks are successfully identified, then the project team can create contingency plans based on all of the possible circumstances. There is also always the potential that the project could require significant increases in budgeting to cover additional expenses that were not planned for in the contingency plan. Thus an accurate estimate, including all the potential risks, is needed to compile an effective cost-benefit analysis…
Works Cited
Anderson, P., & Tushman, M. (1991). Managing through Cycles of Technological Change. Research Technology Management, 26-31.
Rettich, K. (2011). Using the Wiki to Deliver Paperless Software Documentation. IPCC, Professional Communication Conference (IPCC), 2011 IEEE International, 1-8.
Sarin, K. (2010, April 19). Nature of Training and Development. Retrieved October 15, 2011, from HRM Training and Development: http://www.scribd.com/doc/10041934/HRM-Training-Development
Shtub, E. (2004). Project Management: Processes, Methodologies, and Economics. London: Prentice-Hall.
Project Management The 'lesson learnt' section is highly informative and exceptionally convenient in improving the skills of an experienced project manager. In this section, one becomes aware that although proper planning is paramount for any project, it should not be assumed that the implementation phase would take place in accordance with the plan. Depending on the level of planning, scope of the project coupled with other factors, every project is prone
Project Management The part one of this project discusses several challenges that can affect the success of a project. Ineffective project management and inefficient project planning are part of the top challenges of project implementation, which consequently lead to project failures if these challenges are not effectively managed. In the contemporary project environment, one of the major challenges facing project implementation is the project's risks, typically, every project carries risks and
Project Management Project Schedule To develop a schedule for a project, we will use the concept of a project network, which shows work activities taken from the work breakdown structure and organized according to the logical flow in time and relationships governing when the work will be performed. Combining this network of work activities with estimates of the time duration for performing each of the activities, create a schedule for the project work. When
Project Management: Lessons Learned From Project Plans in the New World The article Project Plans in the New World (Rosenwinkel (1995) provides many useful insights into how to manage a complex project successfully, taking into account the many factors or variables that are crucial for a project's success. The author concentrates on the "Free Wheeler" type of project leader who often ignores constraints of time, cost and resources in determining how
Project Management: Case Study in Managing a Complex Shipyard Project in Singapore Background of Complex Shipyard Construction Project Company background Project Overview and Objective Work Process of Building Construction Issue Analysis in Shipyard Construction Project Management Literature Review of Project Management Issues in Scope Management Methodology of Scope Management Lessons Learned from Scope Management Issues in Cost Management Methodology of Cost Management Lessons Learned from Cost Management Issues in Human Resources Methodology of HR Management Lessons Learned from Human Resource Management Case Study in Managing a
In the book, Project management: strategic design and implementation, David I. Cleland and Lewis R. Ireland report "a review of the results of projects in antiquity reveals evidence about how several historical projects originated and developed" (p. 4). 1. The first of this type of evidence, known as artifacts, typically came from human workmanship. These could have been structures, tools, weapons, or items of substance of archeological or historical interest.