Administration Project Management

Administration Project Management

Table of Contents



CHAPTER 1: INTRODUCTION3

Overview3

Purpose3

Aims And Objectives4

CHAPTER 2: LITREATURE REVIEW6

Background to the Research6

Introduction To The Prince2 Methodology9

Process-Based Approach10

CHAPTER 3: RESEARCH METHODOLOGY13

Research Methodology13

CHAPTER 4: DATA COLLECTION AND ANALYSIS15

Introduction15

Generic And Standardized Approach The Ultimate Solution?15

Prince2 As An Organizational Standard17

Implementation Strategy17

CHAPTER 5: CONCLUSIONS19

Standard Approach19

Implementation Of Prince220

Summary20

References21

CHAPTER 1: INTRODUCTION

Overview

The dynamic nature of the business environment has forced the organizations in process industries to experience unprecedented levels of change. Those organizations who fail to manage the inherent risk associated with change, innovation and management of projects often end up with high proportion of projects failures. PRINCE2 is a structured method for effective project management. Uncertainty and change are the important factors that underpin the adoption of PRINCE2 methodology by the organizations. There are always lots of changes during the life of the project, people change their minds, and requirements change. These affect what the project is doing.

Purpose

To analyze the structured, generic and process based approach to project management. To address the key research question:

Is The Generic And Structured Approach The Ultimate Solution For Effective Project Management And The Success Of Projects?

To Explore How The Organizations Can Better Implement The Generic And Structured Methodology According To Their Needs And Requirements.

To Identify And Explore Possible ' Grey Areas ' Associated With The Implementation Of The Generic Approach, Where The Careful Considerations Need To Be Taken Into Account By Organizations.

To Highlight The Future Of Prince2 Methodology.

Aims And Objectives

The overall aim of the research is to examine why project managers in different industries are opting for PRINCE2 methodology despite the fact that it excludes some specialized aspects of project management. The project aims are:

To Analyse The Structured, Generic And Process Based Approach To Project Management.

To Address The Key Research Question: Is The Generic And Structured Approach The Ultimate Solution For Effective Project Management And The Success Of Projects?

To Explore How The Organizations Can Better Implement The Generic And Structured Methodology According To Their Needs And Requirements.

To Identify And Explore Possible ' Grey Areas ' Associated With The Implementation Of The Generic Approach, Where The Careful Considerations Need To Be Taken Into Account By Organizations.

To Highlight The Future Of Prince2 Methodology.

CHAPTER 2: LITREATURE REVIEW

Background to the Research

It has been recognized over the last 30 years that project management is an efficient tool to handle novel and complex activities. Project management is often thought to be more efficient than conventional methods of management, such as the practice of functional divisions in a formal hierarchical organization. Egginton, (1996) argues that the process of bringing new projects on stream and into the market imposes demands on established organizations and necessitates different management techniques from those required to maintain day-to-day operations. In such circumstances, where companies have a finite, unique and unfamiliar undertaking, the techniques of project management can be successfully implemented. These undertakings call for faster decision making to use different project management tools, techniques and methodologies than possible in a normal operation and making the right choices critical ...