Running Head: PROJECT MANAGEMENT PROCESSES 1 Project Management Processes Common to Technology-Intensive Organizations. Name: Institution: Instructor: Course: Date of Submission: PROJECT MANAGEMENT PROCESSES 2 The contemporary business environment is being characterized by intensive deployment of technology in order to gain competitive advantage for survival and thrive. In that respect technology is pervading all business processes within an enterprise. This has created a need for new advanced strategies for work management (Pinheiro, 2010). Corporations all over the globe have therefore shifted there work process systems by adopting implementation of projects as a work management strategy in order to attain their strategic goals in the competitive global business environment. Research studies indicate that both large and small sized technology intensive organizations have high probability of organization success when work is handled as projects (Bradshaw, 2008; Murphy and Ledwith, 2007). Corporations shift towards implementation of projects in their efforts to gain competitiveness has been aided and catalyzed by several factors. Pinheiro (2010) points out that these factors include: a) advance in computing and internet technologies, b) globalization, c) availability of knowledge workers, d) cut throat competition and e) finite resources. Implementation of projects as a work management process has given rise to new terms employed in the work process. The new terminologies include a) project, b) activity, c) schedule and d) project management (PMI, 2008). A project is defined as an interconnected collection of activities with a definite commencement and termination points, with the activities yielding a unique outcome. Activity also called task is a micro unit of work that is carried out to accomplish a project, and consumes time and resources. A schedule is a plan that is used by project managers to allocate resources to the various activities under the project in order to facilitate timely completion of a project (PMI, 2008). Project management is the use of both hard and soft skills and techniques to plan and control resources necessary for the completion of a project to the desired state. Scholars stress that a project has the following unique features: a) it is carried PROJECT MANAGEMENT PROCESSES 3 out by a team assembled for the specific project; b) the team comprises of individual from diverse background and organizations; c) the teams responsible for projects are interdisciplinary; d) the project team only hands over the project to the sponsors once the project is complete becomes viable once completed and e) benefits of a project are realized once the project is complete (PMI, 2008). Though implementation of projects is reckoned as a contemporary work management process by organizations, specifically technology intensive organizations, to gain competitive advantage, it requires effective deployment of financial, human resources. Technology intensive organizations should therefore have an effective project management framework to ensure project success. Project management framework is a critical implement in facilitating organizational survival; consequently, it should be backed and controlled by senior management of an organization through all the phases. An effective project management framework involves several phases, which include a) project management initiation, b) planning, c) implementation, d) monitoring, e) measurement, f) control and g) closing (Pinheiro, 2010). Due to the strategic importance of project management framework, top echelon personnel of technology intensive organizations are being involved in control of project implementation. Drucker (2000) observes that controls are being extensively utilized in technology intensive organizations to overcome emerging risks, regulations and unfavorable factors that are impeding growth of organization that heavily use technology in their processes. Pinheiro (2010) opines that control of projects is accomplished through the use of the following techniques: a) project management plans, b) project-matrix organization and c) management tools and techniques. Stelth and Le Roy (2009) assert that project management has over the years been a concept that has been employed in organizations, and at the same time going through PROJECT MANAGEMENT PROCESSES 4 improvement and variations. The first documented project management concept was Critical Path Method (CPM), which was created in 1957 by Morgan Walker and James Kelly (Korman, 2004). Critical Path Method, commonly known as CPM, used arrows and network methods to represent processes in a system. The second project management concept was developed by the U.S Navy, it was known as Program Evaluation Research Task or PERT. Program Evaluation Research Task, commonly known as PERT, was used by the naval to track progress and completion time o
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