Project Management Processes
Question 1 Read and reflect on the assigned readings for the week (chapter – 5,6) and write what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter. Also, provide a graduate-level response to each of the following questions:
- Identify a project that you are planning to pursue either at home or at work. List all of the components, decision points, and chance events. What is the measure of success for the project? Assuming that there is more than one measure, how can you reconcile them?
- What experiences have you had with group decision making? What difficulties do you see arising when trying to perform a multiple-criteria analysis with many interested parties involved? How might these difficulties be overcome, or at least mitigated?
Requirements: 2 pages
Answer preview
Project management is the common term that is utilized in almost every sector in the economy. Shtub & Rosenwein (2021) outline that project management is crucial for every organization. It comprises a collection of techniques for planning, proposing, managing, implementing, and evaluating projects combined with the art of managing people. Project management involves applying skills, knowledge, tool, and techniques to a broad range of activities to meet the given requirements of a particular project. Ideally, project management is usually a doubting and risky task requiring a project manager to ensure that each project milestone is achieved and completed at the defined time.
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