PROJECT MANAGEMENT

Project Planning and Management

Project Planning and Management

Introduction

The world has long been recognized that project management is a special area of management sciences, the application of which produced tangible results. Professionals in this field are highly sought after profession having highest pay including lawyers and doctors, and the project management methodology itself become the de facto standard for the control of many thousands of businesses and is used to some extent in almost all major corporations (Heerkens, 2002). Project Management provides tangible results in all areas of application, and this explains the growing popularity of this technology (Gray & Larson, 2008).

This paper aims to focus on the project management process for IBEK ltd, with meeting point on the concerns, stages, processes, leadership, control problems and administration associated with managing the lifecycle of this major project.

Project Management and Planning for IBEK Ltd

Project management is the application of knowledge, experience, methods and tools to the work of the project to meet the requirements of the project and the expectations of the participants. To meet these demands and expectations to find the best combination between the goals, timing, cost, quality and other characteristics of the project (Kerzner, 2001). Project management is subject to a clear logic that links the various knowledge areas and processes of project management.

The Project of IBEK Ltd is important for the company as they want to expand their business and operations. It is very much essential for the company to have proper planning and management for the expansion project. The initial step would be to have a proper draft, which will have one or more goals to reach throughout the project life. Under the goals we will continue to mean not only the end results of the project, but also to choose how to achieve those results (for example, technology used in the project, the costs and other project variables) (Lester, 2007). The achievement of goals for the project can be implemented in various ways. To compare these methods are necessary criteria for successful achievement of the goals. Usually one of the main criteria for evaluation of different variants of the project includes the time and cost to achieve results (Gray & Larson, 2008).

In this case, the planned objectives and quality usually are the main constraints in the review and assessment of different options. Of course, there are other criteria and constraints, in particular resource (Patel, 2008). The expansion project of IBEK Ltd needs high investment as they are aiming to increase their operations, therefore it will have affects on the achievement of project goals, quality, time and cost of execution of the work, which may be choosing the technologies, composition, characteristics and use of resources for the execution of various works. Thus, the technologies and resources of the project can be attributed to the main levers of project management. In addition to these, there are basic and auxiliary means for controlling basic.

Project Management Processes

The most important part of Project Management is the process, which ...