The key takeaways from the Deepwater Horizon Disaster are that disasters should be avoided by making better decisions and promoting teamwork. Rational decisions should be made where “managers are completely objective and possess complete information to make a decision” (Kreitner & Kinicki, 2013, p. 330). If the four stages of rational thinking were applied in the case of the Deepwater Horizon Disaster, it is likely that the telltale signs would not have been missed and that the disputes over…
particular project or a special task. Hence, for this purpose, employees from different departments of the organisation work together temporarily. For eg. while developing a new product most of the experts from different fields are required like research and development, finance, engineering etc. this structure has no specific flow of authority. The subordinates may have more than one boss to report to e.g. functional manager and project manager. Supervision of project is handled by project…
Reflective Writing 1. The Relative Importance of Knowledge Areas In project management, usually nine knowledge areas are considered to be crucial to project success. These areas are time, scope, integration, human resources, cost, communications, risk, procurement and quality. It has been observed that influence of each of these knowledge areas on project success vary greatly among industries. In class, we analysed and discussed several specific case studies handpicked from a list of case…
Parsons, project risk is typically determined as a measure of possible obstacles to reaching overall project objectives within established cost, schedule, and technical constraints. A comprehensive risk analysis should be implemented for any project and is required as part of an executive proposal review (EPR). The proposal risk evaluation starts by classifying all risks that might affect the project. A standard risk checklist helps this process and addresses the most common risks. Project risk…
planning phase is the second step in the project life cycle. Kloppenborg and Tesch (2015) suggested that the planning phase is like a road map for the project that guides the project manager from the beginning to the end of the project. Furthermore, it specifies the tasks that will be accomplish and the deliverables that will need to be created. The project planning phase could also serves as an instrument for communicating with the stakeholders and the project members. Thus, the planning…
Construction engineers fulfill many project duties. They work on many project types and can earn an impressive salary. Those salaries come with matching responsibilities. Therefore, firms may look for construction engineers with special traits. Once employed, there are several career paths that a construction engineer may take, each with increasing responsibilities and salaries. Construction Engineering Day to Day On the job, a construction firm may hold a civil engineer responsible for…
Hexagon of Excellence Hexagon of Excellence refers to an integrated process in project management that involves a number of activities and it is these activities that enhance and ensure that a project is successful and the goals of the activity achieved effectively. For a project manager to be successful in seeing to it that goals and objectives are achieved, the project manager ought to get involved in activities that will enhance and oversee their excellence. For a company to be excellent in…
The significance of Project Communications Management The experts agreed that the failure of any project such as IT Projects is failure of communication. Major problems in communications are unclear scope or unrealistic Programmers. It very important for the Project to have good communication. Now days, the IT field is changing very rapidly with minor and major changes with technical knowledge and understanding. Example: When computer Professionals deals with people who don’t have Computer or…
PROJECT COMMUNICATION AND RISK MANAGEMENT INTRODUCTION Communication is the most important component within any project. The success of most projects, whether handled by external experts or by an internal cross- departmental team, depend upon crucial communication skills and techniques. On the other hand risk management also plays an equally pivotal role in the success or failure of a project. This is so because it is the art and science of identifying, analyzing and responding to risks…
A project can be described as a temporary in the sense that it has a proposed beginning and end in time, and therefore also a proposed scope and resources. And a project is unique in that it is not a routine operation, but a specific set of operations designed to achieve a specific goal. Therefore, project team or teams usually includes people who don’t usually work together – in some cases they can be from different organizations and cut across multiple geographies. Some examples of…