Project Management Models - 973 Words

Assignment 4: - Project Management Aims This assignment allows the student to apply project management models. This assignment enables the student to understand how popular project management techniques are applied and implemented. Introduction A project defines a combination of interrelated activities that must be executed in a certain order before an entire task can be completed. Project management has evolved as a field of study, with the development of two analytical techniques for planning, scheduling, and controlling projects. These techniques are the project evaluation and review technique (PERT) and the critical path method (CPM). The purpose of this exercise is for the student to appreciate project planning issues and the†¦show more content†¦What is your recommendation for the 3-4 arc of the network? Resources Anderson, Sweeney and Williams â€Å"An Introduction to Management Science, quantitative approaches to decision making† 7th edition Lapin L, â€Å"Quantitative Methods for business decisions with cases†, 5th edition Slack N, Chambers S and Johnston R (2004), Operations Management, fourth edition, Prentice Hall, ISBN 0-273-67906-6 Swift L and Piff S (2005), Quantitative Methods for business, management and finance, second edition, Palgrave Macmillan, ISBN 1-4039-3528-9. Please reference any sources that you have used when compiling your assignment. Penalties for Late Submission The usual penalties to be applied for late submission of coursework (laboratory reports, essays etc.) are as follows: Up to one week after the deadline More than one week after the deadline 10% off mark Zero mark applied MATS-31004 March 2008 Assignment 4 If you need to request an extension to any deadline for submission of coursework, you should complete the appropriate form in advance of the deadline and get both the member of staff who set the course work and the programme director (or deputy) to approve the extension to the deadline by signing the form as well. In cases where an extension has been agreed, penalties for late submission of work will be calculated from the new deadline. Hand-In Date The â€Å"Project Management Models†Show MoreRelatedProject Excellence Model For Quality Management1394 Words   |  6 PagesThe Project Excellence Model(PEM) was set up in 1997 by Roland Ottmann and was derived from the European Foundation for Quality Management(EFQM) model. The PEM model mainly contain two processes; 1) Evaluation of project management process and 2) measurement of the results achieved in a project. Based on E. Westerveld’s research in 2002, the Project Excellence Model link project success criteria and critical success into one coherent model. Given that PEM Model was adapted from EFQM-model whoseRead MoreProject Management Life Cycle Models1241 Words   |  5 Pagesdiscussing the five project management life cycle models, it is very important to understanding below project management landscape and its four Quadrants: Quadrants 1: Contains Traditional Project Management (TPM), this approach has a clear project goal and clear project solution. Quadrants 2: Contains Agile Project Management (APM), this approach has a clear project goal and not clear project solution. Quadrants 3: Contains Extreme Project Management (xPM), in this approach both project goal and projectRead MoreImplementing A Model For Project Based Management1660 Words   |  7 PagesIn Recent times, there is an increase in interest in project management because most of the complex projects are often late, over budgeted and fail over and over again. Standish report says, there is 24% of projects that are failed or cancelled prior to completion or may be never used. 32% of them are successful which are delivered on time, on budget with required features and functions. And remaining 44% of the projects are challenged projects which are late, over budget or less than the requiredRead MoreEssay on Project Management Trends: The DMM Model834 Words   |  4 Pages RESEARCH PROJECT MANAGEMENT TRENDS: THE DMM MODEL by Olivia Romero Sà ¡nchez Jones International University February 8, 2012 Survey of Project Management Trends As an IT and Business Process Consultant, my clients hire me to help them implement different types of projects according to their needs. Some of these projects may be developing and implementing new systems, which are long-term projects, costly and critical for the organization. As a project manager, I am responsibleRead MoreProject Management Maturity Model By Kent Crawford3230 Words   |  13 PagesThe maturity framework I chose to research is the Project Management Maturity Model by Kent Crawford. This model is a structured framework similar to the one in our book. The framework is made of up 5 levels but also has 6 components in which these levels are listed. This model also references the 9th edition of the PMBOK and shows how the five levels interact with the nine knowledge areas. The five levels are: Level 1: Initial Process – No established practices or processes although thereRead MoreVulnerability of Project Management Life Cycle (Pmlc) Model1366 Words   |  6 PagesThe five PMLC models according to Wysocki are as follows: 1. Linear PMLC model 2. Incremental PMLC model 3. Iterative PMLC model 4. Adaptive PMLC model 5. Extreme PMLC model Linear PMLC Model: This is one of the Traditional Project Management (TPM) method, it consist of the five process group, each performed once in the sequence: Scoping Planning Launching Monitoring and Controlling Closing. The final deliverable is not released until the closing process group is executed. (Wysocki, 2009:345)Read MoreBoston Big Dig : Insights Into Improved Project Management Model1512 Words   |  7 PagesInsights into Improved Project Management When any organization undertakes a large-scale project, the first and most important component to ensure that the process runs smoothly and effectively is effective project management. Project management not only sets the tone for the overall project, but creates the plan and facilitates effective implementation. From the first meeting to plan the project to the last report written about the experience, project management is integral to project success. The overallRead MoreModel of Critical Success Factors and Success Criteria for Project and Project Management Success in a Developing Country2936 Words   |  12 PagesCSFs (Factors related to project, leadership/manager, team members, project organization and environment) were used. Results demonstrate that every success criteria has at least one significant relationship with any group of CSF. We further developed a model in the light of the analysis to explain how project management and project success can be achieved using CSF and success criteria’s. Findings of this study have significant implications for project organization, project beneficiary organizationRead MoreProject Management And Operation Into The Ict Model Developed And Implemented Within A Communication Platform1357 Words   |  6 Pagesinto the ICT model developed and implemented within a communication platform. From the point of view of the project management theory and construction practice, the area of i nterest is integrated risk based on BIM. Negative consequences such as delays and financial losses that are detrimental conducted by investors raise a question of whether and how implementation of principles of BIM in project management can improve management activities associated with risk in construction projects. BIM in narrowRead MoreProject Management Project Selection Model1795 Words   |  8 Pages152.252 Assignment 1 Project Management Kerry Pilcher 10114098 TO: Director and Research Associates of Te Au Rangahau   FROM: Kerry Pilcher Project Analyst   DATE: 20/03/2013 SUBJECT: Investment Portfolio Analysis The basic goal of project portfolio management is to select the projects and programmes out of a set of necessary and available projects within the organization whose realization helps achieve the strategic organizational goals, taking into account the available resources