StudentShare solutions
Triangle menu

Report on the Role of Project Management in the Modern Business Enterprise - Essay Example

Not dowloaded yet

Extract of sample
Report on the Role of Project Management in the Modern Business Enterprise

3.1. The author used the books listed in the appropriate section marked Reference List. Each book was reviewed and their relevant contents included in this report. In-text citations refer to direct quotations lifted or paraphrased from these references.
4.1.1. A Project is a temporary endeavour undertaken to achieve a particular aim. Every project is time-bound, constrained by time and resources, temporary and unique, may involve human resources from one department or from the whole organisation, and require planning, execution, and control (PMI, 2004, p. 3-4).
4.1.2. Project Management is the "application of knowledge, skills, tools and techniques to a broad range of activities to meet the requirements of the particular project. Project management knowledge and practices are best described in terms of their component processes: Initiating, Planning, Executing, Controlling and Closing" (PMI, 2004, p. 8).
4.1.2.1. A project management team established to work on the project has the task of balancing and satisfying several (often competing) stakeholder interests as to the project's scope, deadlines, financial requirements, risk, and quality while achieving the project's objectives (PMI, 2004, pp. 9-10).
4.1.3. Efficiency and Effectiveness are respectively defined by Drucker (2003, pp. 66-67) as "doing things right" and "doing the right thing". He adds that balancing both is the mark of a business enterprise that is managed properly.
4.1.3.1. Modern business enterprises are characterised by complexity, the need for reaction speed to changes in the marketplace, and business competition.
4.1.3.2. Project management use in modern business enterprises range from the mundane (organising an employee party) to the extraordinary (moving the head office to another location), and from the simple (investigating the failure of a new product) to the complex (launching a marketing information system). All these involve the use of resources (people, finances, materials, and facilities) that need to be managed through a set of activities to achieve a defined objective within a specific timeframe and each provides a venue for the application of project management tools.
4.1.3.3. Several project management tools available to modern business enterprises enable them to manage projects with efficiency and effectiveness. Most of these tools developed in the 1950s from the scientific management theories of F.W. Taylor established in the late 19th century were ...Show more

Summary

1.2. A business enterprise desiring to succeed in today's complex world of global competition must learn to manage its resources well. As the late management thinker, Peter F. Drucker wrote (1986, pp. 264-265) over twenty years ago, among the vital questions an enterprise should ask are: "What is the next point at which we should review this project What results should we expect by then And how soon" He explained that strategic questions are important, but translating the questions to project-related objectives and following up on those objectives are the keys to manage well the resources of the enterprise and ensuring its long-term success.
Author : angielebsack
Report on the Role of Project Management in the Modern Business Enterprise essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Report on the Role of Project Management in the Modern Business Enterprise"
with a personal 20% discount.
Grab the best paper

Related Essays

Project Management in IT sector
Project management is a major element of the Information Technology industry internationally, with innumerable books, articles and journals articles published on the subject from various authors. The main area covered in this report is Project Management in enterprise software development.
40 pages (10000 words) Essay
Project Management individual project
.....................Page 3 Additional Project Management Tools………………………………................Page 10 Risk Management………………………………................................................Page 13 Project Management Overview…………………………..….
14 pages (3500 words) Essay
IT Project Management, case study business report
The country has witnessed poor health statistics, such as the increased number of chronic diseases and health inequalities. The health department identified that the use of information technology could help them to fight with their issues. For this purpose, Scotland launched a new e-health strategy, directed by the Cabinet Secretary for Health and Wellbeing.
6 pages (1500 words) Essay
Project Management in IT sector
Almighty God who gave me the knowledge and capability to finish this project successfully. I would also like to thank my parents who gave me an opportunity to study at Coventry University and always encouraged me to do my best. I would also like to take this opportunity to express my deep appreciation to my family, friends and colleagues for their help, vigorous and tremendous cooperation and their knowledge in bringing out this project report.
40 pages (10000 words) Essay
Project Management
The current challenges facing ABC Ltd are discussed at length in the report. Strategic decisions are made in way to solve the management problems incurred. Findings of the current status of the firm are drawn thus stating the progress of the firm in the market.
16 pages (4000 words) Essay
IT PROJECT MANAGEMENT
In accordance with the process of project management, it entails five major proceedings to attain the successful conclusion of the project. ‘Initiation’, ‘Planning’, ‘Execution’, ‘Controlling’ and ‘Closure’ represent the processes that frame the lifecycle of a project (Artech, 2003).
10 pages (2500 words) Essay
Cross-Cultural Enterprise Management
The dissertation aims to help in analyzing the significance of cross-cultural management and how it affects the behavior of the workforce and organizational success. An effort would be made to establish a framework for cross-culture management from the research study, followed by analysis of case studies, interviews, data collection and focus group with experienced managers.
16 pages (4000 words) Essay
Project Report
Both the companies wanted to expand their reach and achieve success, so they started formulating strategies accordingly. As part of their strategies, they wanted to incorporate organizational change by going for merger. That is, as part of the
40 pages (10000 words) Essay
E-business
ncluding the tools that businesses and organisations in the UK banking sector might use for evaluating their respective e-business systems and the underlying benefits. Emphasis has also been delivered to the challenges arising from enterprise systems for observing the
16 pages (4000 words) Essay
Investing in Enterprise Project Management
ement of technologies, processes and methods utilized in project management offices by project managers to collectively manage or analyze proposed and current projects based on their description. IT project management on the other hand, is a sub-branch of project management that
3 pages (750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation