ASSIGNMENT

Assignment

Assignment

Introduction

Project Management

Project management is a series of steps to enable effective planning, implementation and monitoring activities in the program of work for each project. There are many types of projects and management methodology, but in any case, the powers held by the person managing the project (project manager) and the selection of appropriate techniques to manage projects at various stages of implementation of scheduled activities and different levels of management have a key role in achieving the desired objectives and the project completed successfully. Technical competence (planning, control, division of labor) in project management play a pivotal role, they are necessary, but insufficient to minimize possible risks during the project. The projects created by people who simultaneously represent the highest risk area for each project. Within this area, the factors, such as poor communication, lack of commitment and identification with the targets set - are the biggest threat to the implementation of planned activities (Betts, Lansley, 1995, pp. 207-218). Observations show, however, that it is the soft skills in project management are often overlooked and even forgotten, while emphasizing the importance of technical aspects.

Discussion

Overview of the process of project management

The process of managing a project includes five essential steps. Each step is described in its own section of this guide. The five essential steps are:

Project start: Since the formulation of an idea through to implementation and evaluation of a business case and establishing the priority of an idea for a possible project in relation to plan activities of government/ ministry to other organizational priorities and resource limits.

Project Planning: It is important to carefully plan the project to ensure the efficient allocation of resources to project activities and implementing them. At this stage, we establish the general structure of the project activities and the work plan and schedule that will provide the basis to the process of project management throughout its life cycle. When a project requires the approval of Treasury Board, the project planning, typically done in two iterations important to increasing levels of detail on planning and precision of the estimate. This is the main focus of our topic, which includes the assessment and implementation of three most important aspects of project management, risk management, budgeting and scheduling (Phillips, 2003, pp. 101-112). We will now focus these essential elements in detail.

Risk Management

A process associated with the identification, risk analysis and decision-making, which include maximizing positive and minimizing the negative effects of the onset of risk events. The process of project risk management typically includes the following procedures:

Risk Management Planning - the choice of approaches and planning for risk management of the project.

Identification of risks - identification of risks that could affect the project and documenting their characteristics.

Qualitative risk assessment - a qualitative analysis of risks and conditions of their occurrence in order to determine their impact on project success.

Quantitative evaluation - quantitative analysis of the likelihood and impact of the effects of risks on the ...