PROJECT MANAGEMENT

Project Management

Project Management

Introduction

Project management is a series of steps to enable effective planning, implementation and monitoring activities in the program of work for each project. 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. No organization can survive without the intervention successful project management. Project management facilitates the process of change and creates value, is a key factor for business innovation and change that positions organizations to gain competitive advantage and improve the culture of the project, the effectiveness and efficiency. These changes range from the integration the reorganization of the leading companies, developing new initiatives among a company, its customers, suppliers and strategic partners.

In this report, we will discuss the feasibility of Aloe Vera Project and assess the risk associated with the introduction of such a project.

Literature Preview

The success of a project, according to Thamhain, Dvir, Milosevic and Shenhar (2007), takes into account the requirement of linking the management of the project and the final product that the project is delivering. Project management in recent years is increasingly establishing itself as an independent discipline, which contains a multiplicity of concepts, tools, methods, concepts and experiences whose boundaries are quite blurred. In fact, today it is deeply felt by many players in the industry that there is a necessity to pursue a sort of terminology, in order to discriminate with precision what is within acceptable limits or not and this is a matter of interest in the project management (Aramo-Immonen, H., & Vanharanta, H, 2009, pp. 582-600).

The market affects the development of the project. There are countless factors that determine the transformation of ideas into projects, and hence, the successful completion of it. Some projects are part of the environment characterized by dynamic market in which project results are tied to the offers that are made ??to customers participating in this market. As changes replace a product in accordance with the changing needs of customer, the changes translate into the project.

Culture determines factors that affect the projects. The projects are developed within organizations. They involve people presenting behaviours influenced by the style and customs of these organizations. Therefore, the results and the dynamics of project are constantly affected by organizational culture. The decisions around it can be seen in various ways for members of the organization and depending on it; positions are assumed to be contributory or fair detractors of project or its members.

The world is in constant need of change. As such, recent research on the effectiveness has focused largely on the capacities of individuals, groups and the entire organization to quickly align and adjust continuously to changes in the approaches necessary for an ...