Project management is the process of directing and coordinating all steps in developing an information system to ensure successful completion. There are four phases: project initiation to assess size and scope; planning to define activities; execution to implement plans; and close-down to conclude the project. Project management is important for ABC Company to get maximum returns with minimum resources, increase employee productivity, ensure innovation and creativity, and complete work systematically from setting goals to implementation strategies.
Project management is the process of directing and coordinating all steps in developing an information system to ensure successful completion. There are four phases: project initiation to assess size and scope; planning to define activities; execution to implement plans; and close-down to conclude the project. Project management is important for ABC Company to get maximum returns with minimum resources, increase employee productivity, ensure innovation and creativity, and complete work systematically from setting goals to implementation strategies.
Project management is the process of directing and coordinating all steps in developing an information system to ensure successful completion. There are four phases: project initiation to assess size and scope; planning to define activities; execution to implement plans; and close-down to conclude the project. Project management is important for ABC Company to get maximum returns with minimum resources, increase employee productivity, ensure innovation and creativity, and complete work systematically from setting goals to implementation strategies.
Lam Cheng Yuen Yeo Charn Yen Chong Yung Lung QUESTION 1 ABC Company decided to appoint a project manager to manage the implementation of their new integrated information management system.
i. Define the term project management.
ii. List the Four (4) phases of project management. iii. Why is project management import to ABC Company? i. Define the term project management Project management is the ongoing process of directing and coordinating all the steps in the development of an information system. The main objective of the project management is to ensure a successful completion of a project. A project will be considered as successful only if it is completed with certain quality level, within the budget allocated and the time duration planned. Effective project management is necessary throughout the entire systems development life cycle to ensure successful completion of the project Many stages are involved in a particular project development. A project manager, therefore, needs to have the necessary skills and experience to manage the project. ii. List the Four (4) phases of project management. Project Initiation - assess the size, scope, and complexity of the project. - establish procedures to support later project activities. Project Planning - defining clear, discrete activities and the work needed to complete each activity within a single project. Project Execution - to execute the plans created in the prior phases (project initiation and planning) are put into action. ii. List the Four (4) phases of project management.(cont.) Project Close-Down - bringing a project to an end. - Project can conclude with a natural or unnatural termination. A natural termination occurs when the requirement of the project have been meet; the project has been complete and is success. A unnatural termination occurs when the project is stopped before completion.(Failure) iii. Why is project management important to ABC Company? Project management specialist in every organization whether small, medium or large. Project management helps the organizations to get maximum return by using the minimum resources and helps the company to cut their expenses. It also increases the productivity of employees or team members. Project teams work professionally which results in customer satisfaction. iii. Why is project management import to ABC Company?(cont.) In current scenario when there is tough completion, a business can only succeed if it adopts innovation and creativity and project management ensures both these things. Project management helps the company to complete the work systematically as everything is done in a proper sequence starting from setting the goals and objectives of the project to implementing the strategies for achieving these goals.