FIVE LIFE SKILLS

Five Life Skills

Five Life Skills

Task One - Project Management Exercise

Project management is a continuing process of controlling the development of a project from initial planning, to monitoring progress and finally to seeing the successful completion of the project. Every program, project, or product has certain phases of development known as life cycle phases. A clear understanding of these phases permits managers and executives to better control resources to achieve organizational goals (Kerzner, 2003). As a result, the project manager must learn to deal with a wide range of problems and opportunities, each in a different stage of evolution and each having different relationships with the evolving project (Cleland and Ireland, 2002).

Aims & objectives

Time management for me is a chance to know my self better, I can recognize what I want to achieve, and also identifying the skills I need to look at. In this report, I am going to focusing on what my strengths are and where my weaknesses are, and how the practice of management skills module has helped my development.

Project Information

A successful business has to develop strategic timing that allows a response to changing markets and competition. The responsiveness of these processes is measured in cycle time, which is the time it takes to get something done. This includes the time it takes to manufacture a product, develop it, deliver a service, enter an order, obtain materials or even simply change the way almost anything in a company is done. As technology has improved and markets have changed it becomes increasingly obvious that products are reaching the marketplace with increasing frequency. It is essential therefore that time be well-managed in order to reduce the risk of losing business (Thomas, 1989).

Proper business time management must first begin with good personal Time Management. By living efficiently and effectively it is possible for an individual to make informed choices based on his mission in life, his objectives and principles. A lifelong project that needs continual attention, personal time management can significantly influence a person's career, income and success in life. A critical component of time management is planning. To make use of goals they should be measurable and achievable. Specific goals that are relevant to these choices are the foundations of planning. An effective personal time management system should promote balance and efficiency and allow persons to recycle wasted time (Kaye, 1999). When a person spends less time working and more time in other pursuits, it turns into a personal recession of sorts. By identifying this underlying force it can be circumvented or even worked to an advantage (Hall, 1997).

Making personal goals measurable instead of vague helps to realize when a time management goal has been reached. It is also important to make these goals achievable. One example would be to "reduce waste by five percent" which is more realistic than to "eliminate pollution." It is important to note there are two different types of goals, achievements and ...