Final assignment Example | Topics and Well Written Essays - 2500 words

Final - Assignment Example lying-in management is a crucial part of organisational management that ensures the strainment of a series of organizational objectives within stipulated timeframes and budgets. Project management enables organizations to successfully pursue competitive strategies in their bid to achieve the sought after organizational performance. Unlike conventional approaches, current literature acknowledges acoustic bearion management as a critical business process (Jamieson & Morris, 2004). This paper explores the significant principles of project management and how to use project management as a discipline to successfully achieve organizational objectives. Project Life-Cycle Management and the Benefits of Project Management to an composition Project Life-Cycle Management Successful projects and campaigns usually rely on quality research, proper and careful planning, insights and unvarying adjustments on the basis of feedback. Project management life cycle basic ally has four interrelated phases (Gido & Clements, 2012). For instance, in a packaged water project that I was involved in some time back, the project was divided into four phases initiation, planning, execution and conclusion or closure. The figure below represents phases of project management life-cycle. ... It is inseparable top conduct a review in order to establish the viability of the project during the initiation phase. This entrust help in determining the likelihood of achieving the desired deliverables of the project. Also, a proper project team mustiness be created that will ensure the accomplishment of every project task within the right timeframe. The universe of discourse of project office will set clear all the tasks that are supposed to be penalise for successful completion of the project. The project charter is crucial for identification of the vision and objectives of the project, scope, project deliverables and overall instruction execution strategy among ot hers. Finally, there is need to review the overall performance of the initiation phase so that whatsoever deviation can be rectified before it is late (Gido & Clements, 2012). Planning Phase This entails the development of schedules, strategies and requisite tools for implementation. This is where project plan is created. The organization develops plans for resource acquisition and use, financial, risk, quality, acceptance and communication. The organization uses project team to accomplish the tasks involved in this project management phase. Execution Phase This phase focuses on building project deliverables. It entails transforming organizational needs into actionable objects. The project team designs and develops the planned solution and authenticates the solution in consent with organizational requirements. This phase also involves monitoring and control, which entails time management, cost management, quality control, risk management and procural among others. Closure Phase T his is the final phase of project life-cycle. It