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Running head: PROJECT MANAGEMENT 1
Project Management: A Pathway towards Successful Project Outcome
Robert Haskins
BUS 611: Project Planning and Management
Dr. Ken Edick
4 August 2014
PROJECT MANAGEMENT 2
Project Management: A Pathway towards Successful Project Outcome
The rigors of conducting business in today’s world have propelled the profession of
project management into the forefront of a successful organization. In the text written by Erik
Larson and Clifford Grey (2011) they spell out the importance of project management as a
“Results-oriented management style that places a premium on building collaborative
relationships among a diverse cast of characters” (pg. 3). However, project management goes far
beyond this explanation and a conclusive definition of how it affects the business world is
examined. The benefits of project management to an organization are exponential due to its
ability to bring the needs of the organization, or its clients, to successful and positive outcomes.
It takes strong leadership and sponsorship to accomplish this. Moreover, building a team that
exemplifies the talent needed to bring project success is essential. This report also examines the
techniques of managing scope and its integration into the work breakdown structure. The
contingency plan is another important consideration in the project plan due to its importance in
managing risk. Furthermore, a phase review will give the project sponsors a projection of the
project and its health. Lastly, this report will examine the tools the project manager has to help
them in bringing a project to successful closure. These elements of project management are just a
small part of the vast tools and techniques project managers use to build a pathway towards the
positive outcomes their organizations and/or clients want.
The Benefits of Project Management to an Organization
The term project management is not regulated to a specific sector or profession. It is a
skill set used by many professions and businesses as a process to completing goal-oriented tasks
with a defined start and end to a project that will benefit the organization. However, with an
PROJECT MANAGEMENT 3
increase in demand for membership to the Project Management Institute (PMI), “A professional
organizations for project managers” (Larson & Gray, 2011, pp. 3) indicates how the profession is
becoming more unique and exceptional from the other professions. This also shows the
importance of project managers to many businesses.
Project managers are vital to business because of the work they do to meet the
expectations of the customer. “The project management plans the allocated budget, resources
and testing methods that keep the pace of production high, both qualitatively and quantitatively”
(Pandey, 2012, para. 4). Quality and cost controls are important to maintain the integrity of the
project. Therefore, a great deal of care is taken by the project manager to control these factors
and report them to senior management and stakeholders.
Insufficient communication between associates and the sponsors of the project can
negatively affect the organization. “Stakeholders…prefer investing in those companies that
deliver projects on time and keep them informed about updates and progress of the projects”
(Pandey, 2012, para. 5). The project manager can become a bridge to communicate the discovery
of flaws and risks that can harm the confidence in them and/or the organization.
The competitive nature of business in today’s world creates pressure that forges risks that
all project managers will have to mitigate, avoid, transfer, and retain. However, the project
manager is not without a set of tools that help them to assess the risks with scenario and
probability analysis, and the risk severity matrix. “Risk management identifies as many risk
events as possible, minimize their impact, manages responses to those events that do materialize,
and provides contingency funds to cover risk events that actually materialize” (Larson & Gray,
PROJECT MANAGEMENT 4
2011, pp. 211). The risk assessment works in conjunction with strategic planning to guide the
project towards success.
Strategic planning is vital to the success of an organization and it does not spare the role a
project manager plays. “A project management team helps the company in achieving the
strategic goals, as it streamlines the task of a company in taking many important decisions”
(Pandey, 2012, para. 3). What is meant by this quote is that an organization depends on the
project manager to take the decisions that are paramount with the goals and expectations of the
customer. Therefore, these points are evidence that project management is very important to the
prosperity of the organization.
Leadership and Sponsorship in Project Organizations
A major contributor to a successful project organization is support given from the
sponsors and/or stakeholders. The sponsor is the person or group of people that has the authority
and recognizes the need for change. They are the ones in the organization that will take the
repercussions of failure and success. Therefore, reliance on a project manager to deliver the idea
for change is important to the sponsor and ultimately the organization. In addition, it is
important for the project manager to know who the sponsors are and what they expect, only
effective communication between the sponsors and the project manager will create the
environment for all those involved to succeed in the project. The project manager needs “To
ensure that the sponsors have enough authority or influence to undertake the work and bring
about the proposed change in affected parts of the organization” (The ePMBook, 2007, para. 5).
If the sponsor supports the project but only has the authority of a specific department and the
project does not have the support of other departments that are effected, the project will fail.
PROJECT MANAGEMENT 5
The belief in a successful leader as a project manager is strengthened by the trust given
by the sponsor. Some have said that leaders are born and others would say that it could be
learned. In project management, the characteristics of an effective leader are motivation,
direction, and organization. Project managers are able to motivate those who work on the tasks
in the project and able to give direction towards the implementation of the plan. These
characteristics can only be achieved through good organizational skills. Another characteristic
that must be mentioned is honesty and trust. “Trust withers through neglect” (Larson & Gray,
2011, pg. 362). It is very important to maintain the trust with the sponsor and face-to-face
communication will help to suspend the reaction of “Doubt, suspicion, and even monetary bouts
of paranoia” (pg. 362).
Successful Team Building
Building the team that will accomplish the goals of the project is important to the
organization and creating positive synergy with those members will make the goals possible. A
five-stage model has been created to help formulate a cohesive and effective team. Forming is
the initial stage to get members acquainted with each other and relate them to the scope of the
project. Storming is a stage that can either destroy the team or bring them together and an
effective project leader can convince the team to “Accept that they are part of a project group
[and] resist the constraints that the project and group put on the individuality” (Larson & Gray,
2011, p. 378). The third stage is norming “In which close relationships develop and the group
demonstrates cohesiveness” (p. 378). This stage also establishes team groups that work together
towards a common goal. The performing stage in team development is the point in which the
actual work begins and all of the team begins to accomplish the goals of the project. The last
stage is adjourning and it marks the end of the project. However, this stage does not just indicate
PROJECT MANAGEMENT 6
the end of a project, “The team prepares for its own disbandment” (p. 378) by adjusting to the
change of the satisfaction of a job well done or the loss of a friendship the team members have
become comfortable. The development of a team using the five-stage method is an effective way
to bring together the diversity of people to a cohesive group that can successfully accomplish the
goals that have been set forth.
Managing Project Scope
The development of a successful project scope could be the single most important task a
project manager has inaugurating a project. The scope establishes the execution of key project
management areas including time, cost, and quality. To maximize control over the project scope,
Asadullah Khan (2006) examined five specific components of scope, in conjunction with the
work breakdown structure, to create an effective management of scope having a positive effect
on other project management areas (procurement management, contracts management, risk
management, and human resource management) (pg. 12). These five sub-divided components of
scope are project initiation, scope planning, scope definition, scope verification, and scope
change control.
In the development of the scope there are certain analytical matrix is used to identify the
needs of the organization to disseminate the actual needs to those that are only perceived.
Organizations may feel that a need exist when actually the cost to change or develop that need
will have more cost than benefit. Therefore, a feasibility analysis is a milestone in project
initiation and scope management. “Detailed feasibility analysis is the most important output
from the initiation phase of scope management. This allows management to give the go-ahead
for project to proceed or to shelve it” (Asadullah, 2006, p. 12).
PROJECT MANAGEMENT 7
Once the organization’s needs are determined and the feasibility of success has been
achieved, the developing of a preliminary WBS and a summary of the work packages establishes
the structure the project scope can begin to take form. “At this stage it is useful to work with
knowledge of project cost, schedule, and key quality parameters” (Asadullah, 2006, p. 13). This
is an important step in scope management because it provides the project sponsors the basic
structure of the project and gives them the visualization of the project’s possibilities.
Defining the scope is a process of inputting key components to the preliminary WBS and
developing the structure keeping in mind of cost, time, and quality. In addition, at this point
issues with the project’s scope become more evident between vendors and the organization. This
marks an important moment to resolve these issues. The last two steps in scope management,
scope verification and scope change control, are part of a feedback loop to verify all the
deliverables of the project before implementation and the mechanism to control those changes in
scope. These five sub-divided components of project scope work as a group that, at times, does
not proceed in an exact manner. Some steps may be combined depending on the size of the
project. What is taken out of this is that the WBS displays the intention of the project scope and
the scope defines the structure of the WBS. “Anything not shown clearly in a WBS is out of
project scope, along with any implied activities” (Asadullah, 2006, p. 14).
The Work Breakdown Structure
The Work Breakdown Structure (WBS) is the process a project manager use to divide the
tasks of the project network into “Smaller and smaller work elements” (Larson & Gray, 2011, p.
108). What the WBS does is make it possible for the project manager to effectively analyze cost
and work performance at each stage of the deliverables whether they are major or minor
PROJECT MANAGEMENT 8
deliverable. In addition, the project manager can answer any questions or submit progress
reports to the sponsors of the project and “Problems can be addressed and coordinated because
the structure integrates work and responsibility” (Pg. 109). With the WBS, the project manager
can assign individuals or groups to specific work packages to effectively plan, schedule, and
budget the project. There are a number of different types of WBS that project managers can use
according to the complexity of the project they are involved. However, the hierarchal structure
is the most common because of the unique identification method to organize each level of
deliverables and work packages (Project Management Documents, n.d.).
Contingency Planning
The contingency plan is an offshoot of an integral part of the project plan in risk
monitoring and control. The project manager’s bible, the PMBOK (2003) has defined risk
monitoring and control as;
“Risk monitoring and control is the process of identifying, analyzing, and
planning for newly arising risks, keeping track of the identified risks and those on
the watch list, reanalyzing existing risks, monitoring trigger conditions for
contingency plans, monitoring residuals risks, and reviewing the execution of risk
responses while evaluating their effectiveness” (pg. 264)
A plan to advert risk is an implementation of activities in response to risk before it
occurs, a plan to mitigate risk after it occurs is having a contingency plan. In a contingency plan,
a method to manage the risk occurrence will involve a cost estimate and identifying a source of
funding (Larson & Gray, 2011). Communicating the contingency plan to the team will prepare
them with the inevitable disruption of a risk occurrence.
PROJECT MANAGEMENT 9
Performance Review at Each Phase of the Project
The definition of a project includes an arrangement of tasks that incorporate a beginning
and an end. Therefore, the final phase in a project is a series of tasks that include wrapping up
the project, an evaluation of the performance on the project, and a review by an independent
facilitator (Larson & Grey, 2011, pp. 505-506). It has been often said that a lesson can be
learned from your failures, but a lesson can also be learned from your successes.
The tasks at wrapping up a project are to ensure the project is approved and accepted by
the end-user or customer. Motivation is a key attribute for a leader to maintain the enthusiasm a
project team may have had at implementing the project and may have lost in the closure of one.
“Communicating a closure and review plan and schedule early allows the project team to accept
the psychological fact the project will end and to prepare to move on” (Larson & Grey, 2011, pp.
507-508). Closing out the project can entail a lengthy list of tasks including delivery to the
customer, stopping and reallocating resources, reassignment of the project team, closing expense
accounts, and creating the final report (p. 508).
An evaluation of the performance on the project will give detail on what to do next time
in a successful project, and what not to do in a failed one. Furthermore, a team assessment is
conducted to encourage team members to support individual development and improve through
learning about their missteps and accomplishments. A peer assessment will give additional
insight into how constructive team collaboration was. “[Using] peer assessment for constructive
criticism focused on improvement and not as a part of a final evaluation” (Smith & Imbrie, 2007,
p. 112). The evaluation surveys and peer/self-assessment data are collected for project
retrospectives, which can present situations that may influence performance. In these situations,
PROJECT MANAGEMENT
10
performance evaluations should recognize and note the unusual situation (Larson & Grey, 2011,
p. 516).
Using an independent facilitator to collect and implement the lessons learned to improve
management of current and future projects is part of the final report and project closure (Larson
& Grey, 2011, p. 518). However, the role of the independent facilitator must be just that,
independent. Independent in their opinion and not influenced by internal and external
associations to the project. Although, the independent facilitator will be someone that has broad-
based experience in the organization or industry and has no direct involvement in the project, the
facilitator must be perceived as impartial and fair (p. 518). Learning from the retrospectives of
the independent facilitator can affect the organization and care must be taken to use these
retrospectives effectively.
The Benefits of Project Management Software
The software project managers are using to help them build the network and develop the
project organization has revolutionized the way they create the opportunities to complete their
goals. Whether the organizations are large or small, project managers are using software that
helps to collaborate with others on the project, delegate tasks, stay on schedule, track projects,
and communicate with clients and vendors (Brookins, n.d.). Software has provided associates
with the ability “To collaborate on projects by sharing documents, timelines, and status updates”
(Brookins, n.d., para. 2). The software also helps the organization and project leads a way to
delegate the tasks by assigning roles in the system. In addition, staying on schedule is very
important to reducing cost and increasing productivity. “This information alerts employees to
upcoming deadlines, allowing them to manage their time appropriately to complete tasks before
PROJECT MANAGEMENT
11
or on the listed due date” (para. 3). Another key element to the success of a project is the ability
to track the progress of the project. “The software will let you know what's been completed, as
well as by whom, and what still needs to be done” (para. 4). Lastly, just as the software can help
the associates to collaborate on the projects to help resolve issues internally, the software can
also help keep the clients and vendors informed of the progress of the project. Project
management software has become an effective tool to help the project manager with the
complexity of the projects they are involved.
Conclusion
The fundamentals discussed in this report all have significant features that have specific
roles in project management. Certainly the benefits of project management are too numerous to
list but since the increasing use of project management in today’s business world signifies this
point. Although, the positive outcome of every project will include strong leadership and support
from the projects sponsors. In addition, the team built to take on the project will need to work as
a group even if they are from different departments. Strong leaders utilizing positive synergy
build successful teams. Project scope, integrated with the work breakdown structure (WBS), is
the platform for the project and managing the scope is important to establish the project plan.
Furthermore, the report has examined the hierarchy of the WBS and how it is divided according
to the process of the project plan. A contingency plan is a formal plan to manage risk that has
already occurred. This will include the planning of resources to handle such risk occurrences.
This report also illustrated the importance of the sponsor in the project and how phase reviews
will help to maintain the confidence the sponsor has in the project. The last aspect of this report
examined the use of project management software and its importance in helping project
managers develop the project plan and build the pathway towards positive project outcome.
PROJECT MANAGEMENT
12
References
Asadullah, K. (2006, June). Project scope management. Cost Engineering, 48(6), 12-16.
Retrieved from http://eds.b.ebscohost.com.proxy-library.ashford.edu
Brookins, M. (n.d.). Benefits of Using Project Management Software. Retrieved from
www.chron.com: http://smallbusiness.chron.com/benefits-using-project-management-
software-2196.html#loopbegin
Larson, E. W., & Gray, C. F. (2011). Project management: The managerial process (5th ed.).
New York, NY: McGraw-Hill.
Pandey, K. (2012, March 2). Why is Project Management Important. Retrieved from
www.buzzle.com: http://www.buzzle.com/articles/why-is-project-management-
important.html
Project Management Documents. (n.d.). Work Breakdown Structure Templates. Retrieved from
http://www.projectmanagementdocs.com/templates/Work%20Breakdown%20Structure.p
df
Project Management Institute. (2003). Project management body of knowledge (3rd ed.).
pmi.org. Retrieved from
http://m.engineering.queensu.ca/Outreach/EngineeringStudents/files/PMBOK3rdEnglish.
pdf
Smith, K. A., & Imbrie, P. K. (2007). Teamwork and project management. (3rd, Ed.) New York:
McGraw-Hill Co.
PROJECT MANAGEMENT
13
The ePMBook. (2007). Project Definition. Retrieved from www.epmbook.com:
http://www.epmbook.com/projdefwhy.htm

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  • 1. Running head: PROJECT MANAGEMENT 1 Project Management: A Pathway towards Successful Project Outcome Robert Haskins BUS 611: Project Planning and Management Dr. Ken Edick 4 August 2014
  • 2. PROJECT MANAGEMENT 2 Project Management: A Pathway towards Successful Project Outcome The rigors of conducting business in today’s world have propelled the profession of project management into the forefront of a successful organization. In the text written by Erik Larson and Clifford Grey (2011) they spell out the importance of project management as a “Results-oriented management style that places a premium on building collaborative relationships among a diverse cast of characters” (pg. 3). However, project management goes far beyond this explanation and a conclusive definition of how it affects the business world is examined. The benefits of project management to an organization are exponential due to its ability to bring the needs of the organization, or its clients, to successful and positive outcomes. It takes strong leadership and sponsorship to accomplish this. Moreover, building a team that exemplifies the talent needed to bring project success is essential. This report also examines the techniques of managing scope and its integration into the work breakdown structure. The contingency plan is another important consideration in the project plan due to its importance in managing risk. Furthermore, a phase review will give the project sponsors a projection of the project and its health. Lastly, this report will examine the tools the project manager has to help them in bringing a project to successful closure. These elements of project management are just a small part of the vast tools and techniques project managers use to build a pathway towards the positive outcomes their organizations and/or clients want. The Benefits of Project Management to an Organization The term project management is not regulated to a specific sector or profession. It is a skill set used by many professions and businesses as a process to completing goal-oriented tasks with a defined start and end to a project that will benefit the organization. However, with an
  • 3. PROJECT MANAGEMENT 3 increase in demand for membership to the Project Management Institute (PMI), “A professional organizations for project managers” (Larson & Gray, 2011, pp. 3) indicates how the profession is becoming more unique and exceptional from the other professions. This also shows the importance of project managers to many businesses. Project managers are vital to business because of the work they do to meet the expectations of the customer. “The project management plans the allocated budget, resources and testing methods that keep the pace of production high, both qualitatively and quantitatively” (Pandey, 2012, para. 4). Quality and cost controls are important to maintain the integrity of the project. Therefore, a great deal of care is taken by the project manager to control these factors and report them to senior management and stakeholders. Insufficient communication between associates and the sponsors of the project can negatively affect the organization. “Stakeholders…prefer investing in those companies that deliver projects on time and keep them informed about updates and progress of the projects” (Pandey, 2012, para. 5). The project manager can become a bridge to communicate the discovery of flaws and risks that can harm the confidence in them and/or the organization. The competitive nature of business in today’s world creates pressure that forges risks that all project managers will have to mitigate, avoid, transfer, and retain. However, the project manager is not without a set of tools that help them to assess the risks with scenario and probability analysis, and the risk severity matrix. “Risk management identifies as many risk events as possible, minimize their impact, manages responses to those events that do materialize, and provides contingency funds to cover risk events that actually materialize” (Larson & Gray,
  • 4. PROJECT MANAGEMENT 4 2011, pp. 211). The risk assessment works in conjunction with strategic planning to guide the project towards success. Strategic planning is vital to the success of an organization and it does not spare the role a project manager plays. “A project management team helps the company in achieving the strategic goals, as it streamlines the task of a company in taking many important decisions” (Pandey, 2012, para. 3). What is meant by this quote is that an organization depends on the project manager to take the decisions that are paramount with the goals and expectations of the customer. Therefore, these points are evidence that project management is very important to the prosperity of the organization. Leadership and Sponsorship in Project Organizations A major contributor to a successful project organization is support given from the sponsors and/or stakeholders. The sponsor is the person or group of people that has the authority and recognizes the need for change. They are the ones in the organization that will take the repercussions of failure and success. Therefore, reliance on a project manager to deliver the idea for change is important to the sponsor and ultimately the organization. In addition, it is important for the project manager to know who the sponsors are and what they expect, only effective communication between the sponsors and the project manager will create the environment for all those involved to succeed in the project. The project manager needs “To ensure that the sponsors have enough authority or influence to undertake the work and bring about the proposed change in affected parts of the organization” (The ePMBook, 2007, para. 5). If the sponsor supports the project but only has the authority of a specific department and the project does not have the support of other departments that are effected, the project will fail.
  • 5. PROJECT MANAGEMENT 5 The belief in a successful leader as a project manager is strengthened by the trust given by the sponsor. Some have said that leaders are born and others would say that it could be learned. In project management, the characteristics of an effective leader are motivation, direction, and organization. Project managers are able to motivate those who work on the tasks in the project and able to give direction towards the implementation of the plan. These characteristics can only be achieved through good organizational skills. Another characteristic that must be mentioned is honesty and trust. “Trust withers through neglect” (Larson & Gray, 2011, pg. 362). It is very important to maintain the trust with the sponsor and face-to-face communication will help to suspend the reaction of “Doubt, suspicion, and even monetary bouts of paranoia” (pg. 362). Successful Team Building Building the team that will accomplish the goals of the project is important to the organization and creating positive synergy with those members will make the goals possible. A five-stage model has been created to help formulate a cohesive and effective team. Forming is the initial stage to get members acquainted with each other and relate them to the scope of the project. Storming is a stage that can either destroy the team or bring them together and an effective project leader can convince the team to “Accept that they are part of a project group [and] resist the constraints that the project and group put on the individuality” (Larson & Gray, 2011, p. 378). The third stage is norming “In which close relationships develop and the group demonstrates cohesiveness” (p. 378). This stage also establishes team groups that work together towards a common goal. The performing stage in team development is the point in which the actual work begins and all of the team begins to accomplish the goals of the project. The last stage is adjourning and it marks the end of the project. However, this stage does not just indicate
  • 6. PROJECT MANAGEMENT 6 the end of a project, “The team prepares for its own disbandment” (p. 378) by adjusting to the change of the satisfaction of a job well done or the loss of a friendship the team members have become comfortable. The development of a team using the five-stage method is an effective way to bring together the diversity of people to a cohesive group that can successfully accomplish the goals that have been set forth. Managing Project Scope The development of a successful project scope could be the single most important task a project manager has inaugurating a project. The scope establishes the execution of key project management areas including time, cost, and quality. To maximize control over the project scope, Asadullah Khan (2006) examined five specific components of scope, in conjunction with the work breakdown structure, to create an effective management of scope having a positive effect on other project management areas (procurement management, contracts management, risk management, and human resource management) (pg. 12). These five sub-divided components of scope are project initiation, scope planning, scope definition, scope verification, and scope change control. In the development of the scope there are certain analytical matrix is used to identify the needs of the organization to disseminate the actual needs to those that are only perceived. Organizations may feel that a need exist when actually the cost to change or develop that need will have more cost than benefit. Therefore, a feasibility analysis is a milestone in project initiation and scope management. “Detailed feasibility analysis is the most important output from the initiation phase of scope management. This allows management to give the go-ahead for project to proceed or to shelve it” (Asadullah, 2006, p. 12).
  • 7. PROJECT MANAGEMENT 7 Once the organization’s needs are determined and the feasibility of success has been achieved, the developing of a preliminary WBS and a summary of the work packages establishes the structure the project scope can begin to take form. “At this stage it is useful to work with knowledge of project cost, schedule, and key quality parameters” (Asadullah, 2006, p. 13). This is an important step in scope management because it provides the project sponsors the basic structure of the project and gives them the visualization of the project’s possibilities. Defining the scope is a process of inputting key components to the preliminary WBS and developing the structure keeping in mind of cost, time, and quality. In addition, at this point issues with the project’s scope become more evident between vendors and the organization. This marks an important moment to resolve these issues. The last two steps in scope management, scope verification and scope change control, are part of a feedback loop to verify all the deliverables of the project before implementation and the mechanism to control those changes in scope. These five sub-divided components of project scope work as a group that, at times, does not proceed in an exact manner. Some steps may be combined depending on the size of the project. What is taken out of this is that the WBS displays the intention of the project scope and the scope defines the structure of the WBS. “Anything not shown clearly in a WBS is out of project scope, along with any implied activities” (Asadullah, 2006, p. 14). The Work Breakdown Structure The Work Breakdown Structure (WBS) is the process a project manager use to divide the tasks of the project network into “Smaller and smaller work elements” (Larson & Gray, 2011, p. 108). What the WBS does is make it possible for the project manager to effectively analyze cost and work performance at each stage of the deliverables whether they are major or minor
  • 8. PROJECT MANAGEMENT 8 deliverable. In addition, the project manager can answer any questions or submit progress reports to the sponsors of the project and “Problems can be addressed and coordinated because the structure integrates work and responsibility” (Pg. 109). With the WBS, the project manager can assign individuals or groups to specific work packages to effectively plan, schedule, and budget the project. There are a number of different types of WBS that project managers can use according to the complexity of the project they are involved. However, the hierarchal structure is the most common because of the unique identification method to organize each level of deliverables and work packages (Project Management Documents, n.d.). Contingency Planning The contingency plan is an offshoot of an integral part of the project plan in risk monitoring and control. The project manager’s bible, the PMBOK (2003) has defined risk monitoring and control as; “Risk monitoring and control is the process of identifying, analyzing, and planning for newly arising risks, keeping track of the identified risks and those on the watch list, reanalyzing existing risks, monitoring trigger conditions for contingency plans, monitoring residuals risks, and reviewing the execution of risk responses while evaluating their effectiveness” (pg. 264) A plan to advert risk is an implementation of activities in response to risk before it occurs, a plan to mitigate risk after it occurs is having a contingency plan. In a contingency plan, a method to manage the risk occurrence will involve a cost estimate and identifying a source of funding (Larson & Gray, 2011). Communicating the contingency plan to the team will prepare them with the inevitable disruption of a risk occurrence.
  • 9. PROJECT MANAGEMENT 9 Performance Review at Each Phase of the Project The definition of a project includes an arrangement of tasks that incorporate a beginning and an end. Therefore, the final phase in a project is a series of tasks that include wrapping up the project, an evaluation of the performance on the project, and a review by an independent facilitator (Larson & Grey, 2011, pp. 505-506). It has been often said that a lesson can be learned from your failures, but a lesson can also be learned from your successes. The tasks at wrapping up a project are to ensure the project is approved and accepted by the end-user or customer. Motivation is a key attribute for a leader to maintain the enthusiasm a project team may have had at implementing the project and may have lost in the closure of one. “Communicating a closure and review plan and schedule early allows the project team to accept the psychological fact the project will end and to prepare to move on” (Larson & Grey, 2011, pp. 507-508). Closing out the project can entail a lengthy list of tasks including delivery to the customer, stopping and reallocating resources, reassignment of the project team, closing expense accounts, and creating the final report (p. 508). An evaluation of the performance on the project will give detail on what to do next time in a successful project, and what not to do in a failed one. Furthermore, a team assessment is conducted to encourage team members to support individual development and improve through learning about their missteps and accomplishments. A peer assessment will give additional insight into how constructive team collaboration was. “[Using] peer assessment for constructive criticism focused on improvement and not as a part of a final evaluation” (Smith & Imbrie, 2007, p. 112). The evaluation surveys and peer/self-assessment data are collected for project retrospectives, which can present situations that may influence performance. In these situations,
  • 10. PROJECT MANAGEMENT 10 performance evaluations should recognize and note the unusual situation (Larson & Grey, 2011, p. 516). Using an independent facilitator to collect and implement the lessons learned to improve management of current and future projects is part of the final report and project closure (Larson & Grey, 2011, p. 518). However, the role of the independent facilitator must be just that, independent. Independent in their opinion and not influenced by internal and external associations to the project. Although, the independent facilitator will be someone that has broad- based experience in the organization or industry and has no direct involvement in the project, the facilitator must be perceived as impartial and fair (p. 518). Learning from the retrospectives of the independent facilitator can affect the organization and care must be taken to use these retrospectives effectively. The Benefits of Project Management Software The software project managers are using to help them build the network and develop the project organization has revolutionized the way they create the opportunities to complete their goals. Whether the organizations are large or small, project managers are using software that helps to collaborate with others on the project, delegate tasks, stay on schedule, track projects, and communicate with clients and vendors (Brookins, n.d.). Software has provided associates with the ability “To collaborate on projects by sharing documents, timelines, and status updates” (Brookins, n.d., para. 2). The software also helps the organization and project leads a way to delegate the tasks by assigning roles in the system. In addition, staying on schedule is very important to reducing cost and increasing productivity. “This information alerts employees to upcoming deadlines, allowing them to manage their time appropriately to complete tasks before
  • 11. PROJECT MANAGEMENT 11 or on the listed due date” (para. 3). Another key element to the success of a project is the ability to track the progress of the project. “The software will let you know what's been completed, as well as by whom, and what still needs to be done” (para. 4). Lastly, just as the software can help the associates to collaborate on the projects to help resolve issues internally, the software can also help keep the clients and vendors informed of the progress of the project. Project management software has become an effective tool to help the project manager with the complexity of the projects they are involved. Conclusion The fundamentals discussed in this report all have significant features that have specific roles in project management. Certainly the benefits of project management are too numerous to list but since the increasing use of project management in today’s business world signifies this point. Although, the positive outcome of every project will include strong leadership and support from the projects sponsors. In addition, the team built to take on the project will need to work as a group even if they are from different departments. Strong leaders utilizing positive synergy build successful teams. Project scope, integrated with the work breakdown structure (WBS), is the platform for the project and managing the scope is important to establish the project plan. Furthermore, the report has examined the hierarchy of the WBS and how it is divided according to the process of the project plan. A contingency plan is a formal plan to manage risk that has already occurred. This will include the planning of resources to handle such risk occurrences. This report also illustrated the importance of the sponsor in the project and how phase reviews will help to maintain the confidence the sponsor has in the project. The last aspect of this report examined the use of project management software and its importance in helping project managers develop the project plan and build the pathway towards positive project outcome.
  • 12. PROJECT MANAGEMENT 12 References Asadullah, K. (2006, June). Project scope management. Cost Engineering, 48(6), 12-16. Retrieved from http://eds.b.ebscohost.com.proxy-library.ashford.edu Brookins, M. (n.d.). Benefits of Using Project Management Software. Retrieved from www.chron.com: http://smallbusiness.chron.com/benefits-using-project-management- software-2196.html#loopbegin Larson, E. W., & Gray, C. F. (2011). Project management: The managerial process (5th ed.). New York, NY: McGraw-Hill. Pandey, K. (2012, March 2). Why is Project Management Important. Retrieved from www.buzzle.com: http://www.buzzle.com/articles/why-is-project-management- important.html Project Management Documents. (n.d.). Work Breakdown Structure Templates. Retrieved from http://www.projectmanagementdocs.com/templates/Work%20Breakdown%20Structure.p df Project Management Institute. (2003). Project management body of knowledge (3rd ed.). pmi.org. Retrieved from http://m.engineering.queensu.ca/Outreach/EngineeringStudents/files/PMBOK3rdEnglish. pdf Smith, K. A., & Imbrie, P. K. (2007). Teamwork and project management. (3rd, Ed.) New York: McGraw-Hill Co.
  • 13. PROJECT MANAGEMENT 13 The ePMBook. (2007). Project Definition. Retrieved from www.epmbook.com: http://www.epmbook.com/projdefwhy.htm