Measuring And Monitor Project Performance -Myassignmenthelp.Com

Question: Discuss About The Measuring And Monitor Project Performance? Answer: Introduction Project management plays an integral role in successful completion of a project. This is the reason why majority of the organization adopt a project management approach in implementation of a project. The use of different project management tools help in proper management of a project. Therefore, it can be said that a projects success largely depends on the chosen project management approach. However, there can be certain issues in project management as well such as leadership, insufficient pre pans and inability to track the progress of a project (Trivellas Drimoussis, 2013). The project manger is responsible for tracking the project progress and ensuring that the professional and ethics codes of conduct are followed during the implementation of the project. The 10 weeks learning has been very helpful in understanding the concept and basics of project management. Proper project management approach helps in identification of critical success factors of a project, evaluation of which helps in proper management and implementation of a project (Mir Pinnington, 2014). Project governance is an important aspect of project management and therefore should be tailored according to the specific needs of an organization. Planning and scheduling of the project is another important project need. Proper scheduling of a project is essential to ensure that the project is completed within a given schedule (Heagney, 2016). The project manager of a project is responsible for handling every critical situation of a project including the initial planning and project budgeting. The detailed learning experience of 12 weeks is elaborated in the following paragraphs. Course Learning Outcomes The Project management methods and concepts have been widely adopted by a number of organizations over the years as it helps in improving the methods applied in project management (Turner, 2016). I have a considerable knowledge about the project management methodologies used in different projects from my own personal experience. The increasing use of different project management methodologies have revolutionized the way of project implementation as it has become even more practical and calculative over the years (Kerzner, 2017). Use of proper project management methodology increases the rate of profits of an organization. Whatever be the size of the project, it is needed to be managed. A proper project management methodology helps in overcoming different challenges faced in project implementation by properly planning the project from its initiation phase to its completion. It provides clarity on the processes used in managing a project. I have understood that different organizations adapt to the project management methodologies as it helps in clearly defining the roles of the project team members. The lesson learnt in following a particular approach helps in implementing the same in some other similar projects. A proper project management approach furthermore helps in identifying managing the tasks that are needed to be done in order to successfully implement a project. I have experienced the use of a formal project management methodology in my professional carrier. For successful implementation of any project a proper communication plan is necessary in order to communicate the project progress among all the stakeholders associated with a project. Therefore, it can be said that project management helps in effective decision making and saves a lot of time and money in implementing a project. This is the major reason why organizations adopt different project management methodologies in successful implementation of a project. Evidence I have worked in a software manufacturing company working in development of the different important software. There I have gained a considerable experience about the different project management methodologies that are implemented in the organization. Furthermore, the 12 weeks course learning of project management has helped in gaining a detailed knowledge about the most basic concepts of project management (Schwalbe, 2015). The lecture slides have been a great help in understanding the different project management approaches that can be implemented for successful completion of a project. The role of the project manager and the project supervisor is integral for successful completion of any project. The experience that I have gathered while working on different project has considerably helped me in understanding the importance of project management methodology in successful execution of a project (Kerzner Kerzner, 2017). Critically analyse the impact of Project Management Methodologies upon stakeholders While working on a project, I have understood that stakeholders hold an important position in any project success. Therefore, it is utmost essential to keep the project stakeholders informed about the project progress. Since it is essential for the project team members to inform about the project progress to the stakeholders, choosing a proper project management approach has a large impact on the project stakeholders. Project management methodologies play a large role in systematically planning and executing a project. In almost every project management methodology, stakeholder management is a significant part. While working on different projects, I understood that management of the stakeholders requires interpersonal skills. A proper project management methodology helps in planning a proper way of communicating with the project stakeholders. Project management is a complex process and a difficult challenge mainly in large and complex projects. Proper management of the stakeholders significantly improves and increases the chances of achieving project success. Every project management methodology involves proper evaluation of the project risk, which is one of the major principles of stakeholder management as well. Therefore, a selected project management methodology has a huge impact on the stakeholders associated with the project. Continuous communication with the stakeholder of a project is essential for keeping the stakeholders engaged with the project, as stakeholders communication is a key factor in ensuring the success or failure of a project. The project management methodologies further help in effective management and engagement of the stakeholders associated with a project. While working in one complex projects, I have witnessed the importance of the managing the stakeholders as many important decisions associated with a project is dependent on the project stakeholders. Therefore, it can be said that project management methodologies have a high impact on the project stakeholders. The 12 weeks course learning has given me a brief overview of the different processes of stakeholder management and importance of stakeholders management in project. The project manager is responsible for ensuring proper communication among the stakeholders. This is essential for keeping the stakeholders informed about the project progress. The course of project management has helped me in understanding the impact of the stakeholders on the different project management methodologies chosen for a project. The project management processes associated with the each project methodology is different and therefore a proper project methodology is to be chosen based on the requirements of the project. I have gained this knowledge by working on a real time project with a software company. Furthermore, I have gained knowledge about the need of keeping the stakeholders engaged for a project. Therefore, it is quite evident that project management methodologies have a huge impact on the stakeholde rs associated with a project. Explain and justify the major elements of a Project Management Methodology that might meet the needs of an organisation The major elements of the project management methodology that an organization needs are proper scheduling and management of the project within the set budget. Apart from this, one of the major elements of any project management methodology is evaluation of scope of a project. It is important to evaluate the scope of the project as it helps in identifying and listing the project objectives. An improper scope selection will eventually lead to failure of the project. Management of project scope indicates a set of processes that ensures that a project is accurately defined and mapped. Throughout this course study, I have gained considerable knowledge about the different scope management techniques that project managers undertake for successful completion of a project. Another major element of a project management methodology is dividing a project into number of phases. A project management methodology is generally chosen for proper implementation of the project. Planning phase is another major element of project management methodology. It is one of the initial project stages upon which the entire project will be based on. I have understood the importance of the different project management elements that an organization needs to undertake for ensuring the success of the project (Canils Bakens, 2012). The main aim of an organization implementing a project is its successful completion within the allocated time. The planning phase of the project plans the different stages and processes associated with a project. The knowledge about the importance of scope, planning and scheduling is an important need of an organization as these elements of project management contributes to the success of the project. Requirements gathering and planning are major elements of project management methodology that meets the needs of an organization. Use of different project management tools such as Gantt chart and different scheduling tools helps an organization in implementing a project in a specified time frame. EvidenceWhile working on a software project I have experienced and understood the importance of the project scheduling. One of the major needs of an organization working on software projects is to deliver the product within a scheduled time (Niazi et al., 2016). Furthermore, the 12 week course on project management has given me a clear idea of the different project management tools and elements that are an integral part of any project. Therefore, it is quite evident that an organization needs to have a detailed knowledge about the different project management tools and elements in order to implement a project successfully (Dyb, Dingsyr Moe, 2014). Working in the 10 weeks portfolios has further help me in gaining a detailed knowledge about the different processes and methods of project management, that will be a great help for organizations working on different projects. Conclusion Throughout 12 weeks of learning about project management methodologies, I have understood the fundamental knowledge about the different project management methodologies and the detailed process of project management. Throughout this course of project management, I have understood the importance of critical thinking and critical writing. Critical thinking helps in understanding and evaluating the logical connection between different new ideas and helps in analysing the different perspective of different individuals. Critical writing on the other hand helps in engaging to more critical concepts and writing it down. There are certain constraints associated with a project. The different constraints such as time cost and quality ensures successful completion of the project. However, the project success largely depends on the knowledge, understanding and implementation techniques that constitute the basic elements of project management. The project management course and learning of 12 week s has made be understand the importance of a project manager in ensuring project success (Doloi, 2012). The project manager is responsible for carrying out the different important stages associated with a project, such as, communication planning, risk management, developing the project control strategies and so on. Evaluating the project scope is an important element of project management, as improper scope evaluation results in failure of the projects (Marcelino-Sdaba et al., 2014). Implementation of a project without a proper project management methodology might not be successful as it is one of the significant factors of a project. Apart from this, developing a proper communication plan is important to communicate the project progress among the different stakeholders associated with a project (Beringer, Jonas Kock, 2013). Choosing a particular project management approach has a high impact on the stakeholders associated with a project. One of the major elements of project management is proper governance of the project (Fleming Koppelman, 2016,). Project governance however, should follow the legal rules and regulations. Project governance is an essential part of project management as it helps in ensuring proper progress of a project. One of the major elements project methodologies is project scheduling and use of work breakdown structures to gather an idea about the works that are needed to be completed within the project (Devi Reddy, 2012). Work breakdown structures are used to break a task into a number of simpler tasks, successful implementation of which will lead to project success. The different elements of project management methodologies correspond to the need of an organization working on a project. The 12 weeks learning experience has provided a detailed knowledge about the different project management methodologies that are used in implementation of a project (Serrador Pinto, 2015). References Beringer, C., Jonas, D., Kock, A. (2013). Behavior of internal stakeholders in project portfolio management and its impact on success.International Journal of Project Management,31(6), 830-846. Canils, M. C., Bakens, R. J. (2012). The effects of Project Management Information Systems on decision making in a multi project environment.International Journal of Project Management,30(2), 162-175. Devi, T. R., Reddy, V. S. (2012). Work breakdown structure of the project.Int J Eng Res Appl,2(2), 683-686. Doloi, H. (2012). Cost overruns and failure in project management: Understanding the roles of key stakeholders in construction projects.Journal of construction engineering and management,139(3), 267-279. Dyb, T., Dingsyr, T., Moe, N. B. (2014). Agile project management. 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Niazi, M., Mahmood, S., Alshayeb, M., Qureshi, A. M., Faisal, K., Cerpa, N. (2016). Toward successful project management in global software development.International Journal of Project Management,34(8), 1553-1567. Schwalbe, K. (2015).Information technology project management. Cengage Learning. Serrador, P., Pinto, J. K. (2015). Does Agile work?A quantitative analysis of agile project success.International Journal of Project Management,33(5), 1040-1051. Trivellas, P., Drimoussis, C. (2013). Investigating leadership styles, behavioural and managerial competency profiles of successful project managers in Greece.Procedia-Social and Behavioral Sciences,73, 692-700. Turner, R. (2016).Gower handbook of project management. Routledge.