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*Introduction
1.0 Principles of project management
1.1 Lifecycle Planning
1.2 Leadership
1.3 Decision making
1.4 Negotiation
1.5 Delegation
1.6 Recognition of constraints
3.0.References
INTRODUCTION
Project Management is the application of knowledge, skills and techniques to
execute projects effectively and efficiently. It’s a strategic competency for
organizations, enabling them to tie project results to business goals and thus, better
compete in their markets.
Project Management process divided into five main functions. They are planning,
organizing, directing, controlling, coordinating the activities of employee in
combination with other organizational resources to accomplish started
organizational goals.
1.0 Principals Of Project Management
Lifecycle planning is a series of many activities between start and finish point of
the project,including objectives need to be fulfilled.project lifecycle is depending
on the time,money,amount of staff members and etc..
Project Management process contains four phases
In project initiating, the activities are perform to assess the size, scope and the
complexity of the project and to establish the procedures to support later project
activities.
Ex: If you are going to finish the project, you need to select specify persons and
skilled labor’s for each construction period.
Project planning focuses on defining clear discrete activities and the work needed
to complete each activity within a single project.
1.2 Leadership
Every project starts with a decision. Leaders typically have a bias for action so they like making
decisions, and often do so with a strong sense of certainty that inspires those around them.The
whole purpose of allowing in the decision making process is to make a rational decision.
Rational decision making means a tendency that is suitable to the already existing goals within
the given conditions and constraints. Project Management thrives on the rationality of decisions
and here is where it is important for the Project manager to have a process which enables him
and his team decide rationally about different aspects of the project.[3]
Ex: When designing a foundation to high rise building the designer has
deside that what type of foundation most suitable for this building,if he
get a wrong decision the building project is failed.
1.4 Negotiation
Negotiation is definitely the most powerful tool to balance interests and resolve conflicts .
And it is a strategic discussion that resolves an issue in a way that both parties find acceptable. In a
negotiation, each party tries to persuade the other to agree with his or her point of view. While we
often think that while negotiating, we should work towards a win-win situation, not all negotiation will
end that way.[4]
competitive negotiation;
collaborative negotiation.
Ex: tendering procedure with the client and contractor.if a contrator’s price is
expensive,then the client can negotiate to get a reduction of price.
1.5 Delegation
delegation is primarily a mechanism for distributing work, it is also a tool for motivating and training
teams and individuals to realise their full potential. Delegation underpins a style of management that
encourages project team members to use and develop their skills and knowledge.
The objective of delegation is to get work done by someone else. This is not just a matter of giving
instructions on what needs to be done. It also involves matching the work to the behaviour and
competences of the delegated resources, as well as giving them the authority to react to situations and
make decisions.
Typical constraints are funding, the scope of the project, available resources and time. It is important
to understand what the constraints of any project are in order to clearly define the boundaries in
which project work must be done.
Projects which do not honour their constraints are often regarded as failures and tend to incur a
significant cost to their business.
Ex: cost of the project is lower than expected , project can be more profitable, etc..
Ex: customer gives you small building project to do in one month, but you build it within three weeks
and handover to customer, then the customer will satisfy your service.
2.3 Greater Flexibility.
The biggest benefit of efficient management is ultimate flexibility. It allows you to firmly map out your
strategies on how you want your project to get completed. But, the biggest benefit of this organization is
that when you discover any smarter direction, you can immediately take it. For all types of companies, this
alone is worth the cost of admission.[5]
Ex: The flexibility to move site conversions up or down based on contingency planning is the
critical component to being flexible with the project plan and execution of the project.
Ex: In construction field all site members use SAFETY method, It has head protection, eye protection ,
hand protection, hearing protection, visibility jackets and foot protection.
Both are doing main role in project and enhanced communication is important to the project.in
field sometimes arise a problems due to the misunderstandings, lack of knowledge, is
agreements. So then the project management will control the situation. Before selecting a sub-
contractor, main contractor should know the reputations, fairness, price range of sub-contractor.
if a trouble arises during the construction, sub-contractor and main contractor should have to
negotiable to solve the problems.
Positive results not only command respect but more often than not inspire
your team to continue to look for ways to perform more efficiently.
Ex: Complete the project earlier than scheduled time. And can save money
from it.
Ex: Decide solutions with All other officers and get a Accurate decision.
3.0.References
[1]. Hoffer, J., George, J. and Valacich, J. (2015). Modern systems analysis and
design. 6th Edition. Boston: Pearson.
[3] Joshi, S. and Joshi, S. (2017). Decision Making Models in Project Management. [online]
Projecttimes.com. Available at: https://www.projecttimes.com/articles/decision-making-models-in-project-
management.html
[4] Intense School. (2017). Effective Negotiation Skills In Project Management - Intense School. [online]
Available at: http://resources.intenseschool.com/effective-negotiation-skills-in-project-management/
[5]training, p. and Profile, P. (2017). Ten Benefits of Good Project Management - Project Accelerator
News. [online] Project Accelerator News. Available at: http://www.projectaccelerator.co.uk/ten-benefits-of-
good-project-management/
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