The Project Management Body of Knowledge Assignment

The throw Management Body of Knowledge - Assignment ExampleThe Management Development and Productivity Institute (1989) has delimitate project management as the use of administrative techniques and the creation of a close working temper for the achievement of the define goal(s). Every project is conceived with a definite goal or set of goals in mind. This is often true, whether it was done in a formal or informal manner. For these goals to be achieved, resources in basis of capital, personnel, etc of the project must be optimally utilized. The application of management principles and thinking in the context of a project makes the attainment of the desired goal(s) possible. Project success often emanates from the adoption of sound managerial practices. divers(a) models and theories of project management have been developed for managing projects successfully (Streton, 1989., MDPI, 1998., PMI, 1994). Some of the models ar generic in their application, whereas others are industry -specific. At its most basic form, a project management model encompasses four phases. These are (i) homework of project goals or objectives (ii) project planning (iii) project organization and (iv) project follow up. Objectives or goals set for a project should be specific, measurable, achievable and also time-bound. Goals that meet these criteria are described as good and those that fail to satisfy these requirements are deemed bad. The latter may call for a revision in the rail line of project implementation. The planning phase determines the complex body part of the project and results in the production of a project plan. The structure of a project deals with its internal composition, while the plan outlines the resources needed, time limits to each given activity and the make up associated with getting them implemented. The plan also sets out procedures for planning itself during project implementation. This is done either hierarchically or randomly.