Answered: As an expert in project planning and…

As an expert in project planning and management, present five arguments for why firms should use the project management process to accomplish some specific tasks.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: what extent can you incorporate the tenets of project stakeholder engagement Project scope…

A: There is no single answer to this question as it varies according to the specific project and…

Q: In which type of organization does the Functional Manager manage the project budget?

A: There are different types of organization exist in a business environment. Dependent on the product…

Q: a project manager working with a professional project planning team compared with working with…

A: Project managers are responsible for overseeing the whole lifecycle of a project, from conception to…

Q: Project managers are responsible for overseeing project goals and carrying out effective cost…

A: Cost control is one of the important project goals that a project manager has to oversee. The…

Q: organisation

A: The planning process's first stage consists of deciding Objectives and goals. These are the…

Q: In project management, a number of tools are required to ensure effective cost management. You are…

A: Expert judgment is a widely used method in project planning. As the name suggests it is a judgment…

Q: In project management, the project life cycle provides a structured framework for the successful…

A: Effective stakeholder engagement is essential through which we can ensure how stakeholders will be…

Q: what are the activities in the 5 phases of the project life cycle

A: Project lifecycle indicates to a legible series of activities to achieve the objectives and targets…

Q: Discuss the principles of project management in the context of managing complex systems development…

A: Project management involves a systematic method for strategizing, executing, and overseeing projects…

Q: How can benchmarking be used as a project analysis tool? Provide examples of how benchmarking data…

A: In the field of project analysis, benchmarking, a dynamic technique based on comparison and…

Q: Explore the role of risk analysis in project assessment. How can risk factors be identified,…

A: Effective project management and evaluation starts with risk analysis. There will always be…

Q: Explore the concept of IT project management. What are the key phases and methodologies for managing…

A: Information Technology (IT) project management is the discipline of planning, organizing, and…

Q: Explore the concept of "strategic alignment" in project analysis. How can project selection and…

A: Strategic refers to actions, decisions, or plans that are deliberately formulated to achieve…

Q: what are the smart criteria for Project scope and Budget allocation

A: Answer: In the domain of 'project management', the term SMART is an acronym which denotes some…

Q: Explain why Project Managers need to understand the Strategic Management Process

A: Strategic management process refers to the process in which organisation implements its management…

Q: Assess the use of the Project Risk Analysis and the management method

A: The analysis in project management specifically for risks associated with the project and further…

Q: Talk about the project scope, how it affects the three constraints of project management, and the…

A: The fundamental concern of the Project management is to efficiently manage it's triple constraints…

Q: In project management describe FIVE techniques for estimating project activities in situations of…

A: Estimating a project is challenging. Because one can really truly figure out what lengthy a job…

Q: Discuss the concept of a cross-functional team in project management. How does this team structure…

A: Cross-functional teams have become popular in project management as a dynamic and successful way to…

Q: Identify and define the eight rules to follow in developing project networks

A: A project plan network outline pictures the consecutive and sensible connection between undertakings…

Q: explore project management strategies to determine suitability for a given project

A: Project management strategies is a several approaches,that can be used and the suitability of each…

Q: How can the efficient use of project management software aid a company in administering its projects…

A: Project management includes all those activities that help in completing the project on time. It is…

Q: Explain Fact Based Decision Making and show why Fact based management is regarded as a core project…

A: Fact-based decision making is a structured process that emphasizes the collection of appropriate…

Q: Discuss the measures that a project manager should take when project costs are exceeding the budget

A: The project budget is the total cost of all the tasks, activities, and materials required for the…

Q: What is the meaning of project management? Share some information on the project management…

A: THE ANSWER IS AS BELOW:

Q: Explain the types of organizational structures that are involved in project management

A: Project management (PM) organizational structure signifies who has control over a project. The most…

Q: Discuss the various techniques used in project analysis, such as SWOT analysis, PESTLE analysis, and…

A: The complexity of modern projects demands a comprehensive understanding of various factors that can…

Question

As an expert in project planning and management, present five arguments for why firms should use the project management process to accomplish some specific tasks.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Explanation:

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Risk identification determines which risks might affect the project and documents their characteristics. Participants in risk identification activities can include the project manager, project team members, risk management team (if assigned), subject matter experts from outside the project team, customers, end-users, other project managers, stakeholders, and risk management experts. While these personnel are often key participants for risk identification, all project personnel should be encouraged to identify risks. How can you identify project risk?
Identify and evaluate the activities that need to be undertaken in the planning phase of the project management process.
Evaluate the use of the Project Risk Analysis and Management Guide as a projectmanagement tool.
Project managers can have a range of leadership styles that might be used in managing a development project. Describe THREE different types of leadership styles giving examples of where they might be adopted.
A project manager needs to understand the different costs that a project may incur. Making reference to a project of your choice, critically discuss the different types of project costs involved in the project.
Discuss the role of project managers and why they should be associated with project management institute.
Describe how predictive and agile approaches to project management manage project scope. What are the strengths and weaknesses of each methodology in managing project scope?
Identify any 10 risks related with the management of IT projects.Define project risk management and outline the essential steps that must be taken?
Discuss the strength and weaknesses of (a) quantitative and (b) qualitative methods of project evaluation and selection.
Explain what the Project Plan is and why it is important. What elements comprise the project plan? Which elements of the project plan are the most important?
Poor budgeting and stakeholder disengagement are two common challenges that project managers face. Both can have a significant impact on the success of a project, so it is important to address them as early as possible. Based on the above statement, discuss both challenges with examples given either in the manufacturing sector or construction sector. Propose solutions or best practices to tackle both issues by using the project management body of knowledge areas in 6th edition as well as the latest PMBOK 7th edition.
Describe the elements that must be addressed for an organization's and project management's effective strategic alignment.