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Project Management - MAN-435 Project Management Project...

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MAN-435 Project Management Project Management: Achieving Competitive Advantage, by Jeffrey K. Pinto, (Upper Saddle River, New Jersey: Pearson Prentice-Hall, 2007). ISBN-13: 978-0-558-39543-8 Written Assignment 1 This assignment covers text chapters 1 and 2. Many of the questions are adapted from Discussion Questions in the text. Be sure you complete all 9 questions. 1) Discuss the principal reasons why project management has become such a popular business tool in recent years. (Objective 1.1) “Survival today depends on creative destruction or planned change to ensure market dominance. Even processes that appear to be stable are continually being upgraded and improved, and this upgrading and improvement needs to be managed. It is not hard to see the rising importance of project management in relation to process management.” 1 As companies experience the global market they are faced with rigorous competition. Project management allows an organization to streamline internal and external processes allowing them to respond more quickly and effectively to opportunities. It pushes an organization to their best practices, looking at each aspect as an individual project allows for more development and new methods for advancement. Modifying their practices and products to meet demand, responding to the consumer’s desires requires a continuously evolving environment of change. Resulting in concerns of cost, scheduling, resources and quality. With project management these concerns are addressed. A project has a beginning, middle and end, conducted by managers with the required experience to complete the task. Establishing a set of parameters; cost, schedule, resources and quality. Keeping the project focused on the goal for a pre-determined amount of time. Project management has become a critical tool in the competitive environment, improving strategies, 1 http://myedison.tesc.edu/webapps/portal/frameset.jsp?tab_id=_2_1&url=%2Fwebapps%2Fblackboard%2Fexecute%2Flauncher%3Ftype%3DCourse %26id%3D_178689484_1%26url%3D
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focus, and decision-making. 2) What key characteristics do all projects possess?(Objective 1.2) General Project Characteristics (pp 5 & 6) 1. Projects are ad hoc endeavors with a clear life cycle. 2. Projects are building blocks in the design and execution of organizational strategies . 3. Projects are responsible for the newest and most improved products, services, and organizational processes. 4. Projects provide a philosophy and strategy for the management of change . 5. Project management entails crossing functional and organizational boundaries . 6. The traditional management functions of planning, organizing, motivation, directing, and control apply to project management. 7. The principal outcomes of a project are the satisfaction of customer requirements within the constraints of technical, cost, and schedule objectives.
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