Event and Project Management Assignment Help
1. examine, analyse and synthesise the concepts, principles, processes and practice of project management.
2. apply and critically evaluate the project management techniques and decision tools within constrained, ambiguous and uncertain business environments.
3. assess the interrelationship between organisational strategy, innovation and change with project management.
4. enhance communication, interpersonal, research, problem solving and critical thinking capabilities.
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Event and project management
Event/project management is defined as the application of knowledge, techniques, skills, experiences, methods, and tools for achieving the objectives of the project within the given timescale and budget. Project management is focused on developing a successful end product that can impart some positive changes in the organization that initiated the project. Thus, it is defined as the initiation, planning, scheduling, and controlling of an array of tasks for producing the end product successfully (Kerzner, 2017). There are basically three concepts which are included in project management, that are., Project management system, project processes, and project life cycles. The project management system emphasizes on a detailed understanding of the components of the project, such as., organization, human, methodology, planning, information, and culture. Having a prominent knowledge of these components will help the project manager to successfully complete the project. Project processes are the organizing tools involved in project management. It provides detail knowledge about the individuals responsible for performing certain activities and the specific time period for performing these activites. Every project has a project life cycle which consists of: concept phase, planning phase, execution phase, and closeout. It is the responsibility of the project manager to successfully evaluate each phase for the successful completion of the project. The core components of project management comprise of: defining importance, outlining project requirements, justifying the investment, securing funding, leading project delivery team, and monitoring progress and budget (Marcelino-Sádaba, S., González-Jaen, & Pérez-Ezcurdia, 2015).
In this section, we will discuss the “standards” that are relevant in project management along with a parallel comparison to different variants. These standards are designed and implemented to achieve the long-term and short-term goals of the project in a planned manner. Mostly, these standards vary from project to project, however, the overall goal is the same throughout. Those organizations which manage multiple projects simultaneously through effective coordination should include planning standards (Marcelino-Sádaba et al, 2015). These standards will help the organization for effective management and coordination of the different projects. For coordinating multiple projects at a time, the standards should outline specific protocol required for project prioritization, source utilization, and project situation update. The different project management standards include, (i) configuration management standards, (ii) quality assurance, (iii) risk management standards, (iv) testing standards, (v) documentation standards. All these project management standards can be considered with complete details about cost, resource deployment, staffing requirements, and training facilities (Hermano, & Martín-Cruz, 2019).
Configuration management standards - This standard focuses on the minimum disruption that can affect the project management system. It also assures the steady flow of the project process, without any interruption. The configuration standards are basically designed for inspection, where all steps in a project are approved after a precise evaluation.
Quality assurance -It is also an essential part of the project management standard. This standard emphasizes that the compliance authorities and quality assurance personnel should audit and verify each step, by adhering with the project requirements. Furthermore, it is the responsibility of the project manager to implement the quality assurance standards such that it lives up to the project trait and size.
Risk management standards - This standard is essential to identify the internal as well as the external risk of the project. In addition to this, the standard also outlines the methodology for identifying and controlling such risks.
Testing standards - The testing standard is designed according to the test plans which are subjective in nature. It includes the participation of the end-users as well as proper documentation of the ongoing project progress at each stage. It is noteworthy that, while using the document of customers in the test management process, it is mandatory to set specific standards to maintain the confidentiality of the records.
Documentation standards - The documentation standards include all the details, technological resources and system methodologies involved in the project. This standard is important for assisting the team members for a periodical review of techniques applications, management process, and system operability if needed.
In this section the discussion is based on different framework f project management along with a comparison among these variants. The framework composers of the methods, tasks, and tools needed from the start to the end of the project. It describes all the fundamental components needed for planning, controlling and governing the projects. The project management framework is generally divided into three parts: project life cycle, project control cycle, and tools and templates. The project Life cycle is defined as the processes that are used within the project from beginning to end, that is; initiation, planning, execution, monitoring and controlling and closure. The project control cycle is the method of examining and controlling the project. Finally, the common tools and templates used for managing projects are project plan, risk logs and project management reports According to the Project Management Body of Knowledge (PMBOK), there are six frameworks available for project management. Project managers need to choose from these frameworks according to the suitability of the project (Todorovic, Petrovic, Mihic, Obradovic, & Bushuyev, 2015).
PRINCE2 - This is geared towards obtaining the end product rather than emphasizing on the task activities. In short, this framework is highly useful for customer engagement. It is useful for project work in IT as well as non-IT industries. Project managers should consider PRINCE2, when the project team is inflexible and prefers to have predefined clear requirements.
CCPM - Critical Chain Project Management (CCPM) is mostly used during a complex project environment in which there are numerous ongoing project activities that use the same resources. It includes a risk of breakdown of these chain of activities. Thus, CCPM minimizes this risk and allows the smooth flow of these activities with the given resources in a systematic way (Marcelino-Sádaba et al, 2015).
Lean - This methodology best suits for the project which is under maintenance. The basic concept of lean project management is to provide high value with minimum wastage. This can be achieved through maximizing compatibility, uniformity, security, interoperability, and quality. It implements the six sigma methodology which is designed for quality improvement and error elimination.
XPM - Extreme Project Management (XPM) is developed to meet the requirements of complex projects, which are flexible as well as uncertain. This framework is more engaged in managing stakeholders rather than dealing with Gantt charts and timelines. It is intended to collaborate XPM with extreme programming to promote innovation within a short period of time of two weeks or less.
Scrum - Scrum is also similar to that of XPM as it embraces change, but takes longer period of about 3 to 4 weeks. It can be used as an efficient method when there is an involved customer. It can also accommodate changes effortlessly and is mostly used in software development. The project management with Scrum is usually found with a clear beginning and end (Todorovic et al, 2015).
Waterfall - It is considered as a traditional method of project management. This approach is most suitable when the team members are specialized in respective fields and are incapable to perform multiple tasks. This method reassures customers as it is highly predictable.
In this section the discussion is based on the project management process along with their comparison. These processes comprises of a set of steps from beginning to end of the project for bringing the activities of the project under control. There are five processes within a project life cycle; initiation, planning, execution, monitoring and controlling, and closure (Rosemann, & vom Brocke, 2015).
Initiation - It is considered as the first process of project management, where the project manager deals with the client and develop brainstorming ideas. In this process, the project is defined, goals are outlined, and the specifications and boundaries of the project are set up. Prior to final approval, the value of the project and its feasibility is also analysed in this process.
Planning - In this process, the baseline of the project is designed, which includes; resources, schedules, team members, activities, financing, potential risks, and reporting structure. It gives a direction to work on the project within the given budget and time.
Execution - This process focuses on the implementation of the project plan and takes the maximum time period. The plan is followed by assigning tasks to respective team members and monitoring regularly (Rosemann et al, 2015).
Monitoring and controlling - This process focuses on maintaining the project according to the schedule, report the project status to stakeholders, and monitor the budget and deadlines. It minimizes the arrival of any issues in-between the project management process.
Closure - Once, the goal and objectives of the project is achieved, the project can be closed. In this process, it is ensured that the project deliverables are achieved, and then finally project contract is closed out (Todorovic et al, 2015).
Based on personal opinion, project management standards are a crucial part for the project as it acts as a ladder to reach success. These standards help the project to be verified and provides a qualitative output with minimum risk involvement. Besides, the project management framework is highly useful for the project manager for assuring success. It is the responsibility of the project manager to choose the best management methodology according to the organizational priorities, and gain the maximum benefit. At the present time, Waterfall is the widely used methodology by most of the industries. Lastly, it is concluded that proper and sequential usage of project management processes increases the chances of successful achievement of deliverables (Marcelino-Sádaba et al, 2015).
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