11 February, 2011. Good project management practices: Project management practices are constantly evolving, modifying, and adapting to the changing business environment (Crawford, Pollack, and England 176)…
Project managers make use of various tools to achieve organizational goals. “I Opt” is one such tool that facilitates the process of teambuilding (Kliem and Anderson). Project managers in the contemporary organizational environment use this tool to process information and make decisions that influence teambuilding. Success of a project fundamentally depends upon the skills of people as they are “the most critical project management resource” (Nauman and Khan 1). There is a lot of variation in the types of skills a project manager is expected to exhibit. The planning and management processes are much different from other processes like issuance of customer invoices both in nature and scope (Cooke-Davies and Arzymanow 172). In order to gain customers’ satisfaction, the project manager needs to exhibit both good business and technical skills. Such an integrated framework is shown in the figure below: Integrated framework (Angelides 79). Likewise, effective project communication is a fundamental part of good project management practice. “Project communications management is required to ensure timely and appropriate generation, collection, dissemination, storage, and ultimate disposition of project information” (Peltoniemi and Jokinen). Works cited: Angelides, Demos C. ...
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Knowledge management can be recognized as a collection of methods that seeks to alter an organization’s present framework of knowledge processing to improve the work method of the organization along with its outcome.
3. The potential sources of risks have not been identified while scheduling the project, and if they have been identified, no or insufficient measures have been taken to mitigate the risks and more importantly, turn them into opportunities. 4. The political scenario of the country in which the project is located is unstable.
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