PROJECT MANAGEMENT

Project Management



Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

Signed __________________ Date _________________

ABSTRACT

This study talks about the significance of project management and its advantages. This study has incorporated various studies related to project management and highlight its importance in implementing a effective strategy which effects the whole organization.

TABLE OF CONTENTS

Acknowledgementii

DECLARATIONiii

ABSTRACTiv

CHAPTER 2: LITERATURE REVIEW1

Project Management1

A Brief History of Project Management1

Corporate governance2

Project governance2

Modern Project Management3

Project Management Methodologies8

PRINCE2 Project Methodology8

Project Management Methodology Used for the Study10

PMI project methodology11

Initiating process group11

Planning process group11

Executing process group12

Monitoring and controlling process group.12

Closing process group12

Project integration management13

Project cost management14

Project time management14

Project risk management14

Project human resource management14

Project quality management14

Project procurement management15

Project communications management15

Project scope management15

Project Success16

Project Knowledge Areas20

Methodology23

Implementation24

The steering Committee25

Stages of the Project26

The feasibility study27

The detailed study27

The technical study28

Preparation28

Realization29

Documentation29

Validation29

Recipe30

Capitalization30

Maintenance31

REFERENCES32

CHAPTER 2: LITERATURE REVIEW

Project Management

A Brief History of Project Management

A temporary endeavor undertaken to create a unique produce, service or result with the application of knowledge, skills, tools, and techniques to project activities to meet project requirements is called project management and it has been defined by PMI (2008). The practice of project management and projects is not a new concept introduced in the 20th century. The ancient people also worked on projects and they also had their techniques to manage the project and this can be proved from evidence from earliest civilizations. According to Cleland (1994), formal project management got its start in the late 1950's as a means to manage the development and implementation of large scale military systems (Cleland, 1994, p. 4).

The focus is to move from individual project management to organizational project management, which these organizations maintain is a strategic advantage in a competitive economy (Naughton & Green, 2006, p. 1).

The construction of Great Wall of China and pyramids of Egypt are brilliant examples of project management. The artifacts give testimony to the project because the documentation of these projects is not available. The need for new artifacts or strategies has been found by examination of historical documents and they gave an idea as to how and why the artifacts or strategies evolved. The strategic need for the action being considered was provided by these documents. In order to guide the designs and execution of an initiative these documents are similar to project charter. Due to Rapid industrialization, the munitions production in World War 1, the scientific management of Frederick Taylor, the project management concept came into being. The theories of worker productivity were tested by Taylor in the in the early 1900s, and he did this by forming a methodology for measuring performance of certain task by workers in the steel ...