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Bachelors In Project Management Online Business Administration Liberty S

Bachelors In Project Management Online Business Administration Liberty S
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Bachelors In Project Management Online Business Administration Liberty S

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Bachelors In Project Management

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Published DateTuesday, July 13th 2021
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Project Management .Tuesday, July 13th 2021.

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All projects start with an idea for a product, service, new capability or other desired outcome. The idea is communicated to the project sponsors (the people who will fund the project) using what is called either a mandate or project charter. The mandate is a document structured in a way that lays out a clear method for proposing a project and should result in a business case for the project. Once the business case has been approved a more detailed document is prepared that explains the project and it is known as the 'The Project Definition Report' (PD). The PD is not only used to provide detailed information on the project, but is the report on which an assessment is made as to whether the project should proceed or not. Some of the key areas it covers is the scope of the project, results of any feasibility studies, and what it is intended to deliver. As well this document will identify the key people involved, resources required, costs and expected duration as well as benefits to the business. A project usually has a goal (the big picture) and this has to then be broken down into objectives you can use to measure whether you have achieved your aims.

In conclusion, while there is much more to formal project management and the memorization and application of proven methodologies, it is the author's hope that this will benefit you to some degree and that maybe you will even have a take away to apply to your own project. I wish you all the best in your project management endeavors.

Importance of Project Management is an important topic because all organizations, be they small or large, at one time or other, are involved in implementing new undertakings. These undertakings may be diverse, such as, the development of a new product or service; the establishment of a new production line in a manufacturing enterprise; a public relations promotion campaign; or a major building program. Whilst the 1980's were about quality and the 1990's were all about globalization, the 2000's are about velocity. That is, to keep ahead of their competitors, organizations are continually faced with the development of complex products, services and processes with very short time-to-market windows combined with the need for cross-functional expertise. In this scenario, project management becomes a very important and powerful tool in the hands of organizations that understand its use and have the competencies to apply it.

When developing the project plan, a project manager is often under pressure to produce a plan which meets the (unrealistic) expectations of some of the stakeholders. It is important here that the project manager comes up with a realistic schedule - one which he/she thinks is realistic to achieve.

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