Project Management Essay Example | Topics and Well Written Essays - 2500 words - 5

Project Management - Essay Example d like a good idea at the time.† In fact, says Mike Peterson, Executive Manager of PriceWaterHouse, many organisations have difficulty turning their business ideas into reality. So, project management is the art of directing and coordinating human and material resources throughout the life of a project by using modern management techniques to achieve predetermined objectives of scope, cost, time, quality, and participation satisfaction. This topic â€Å"Project management† considers practices in project management within local Government, and Conceptual Model of Organisation, Organisation’s measures are provided with project management. Project management helps to develop various applications for local Government, Banking system, helps to provide IT services including operating a large wide area network, generating government statistic, helps to plan and draft various Government initiatives and policy. This project provides conceptual Model of Organisation with the descriptions of two models Price Water House. These days, the traditional measures of a project’s success extend well beyond â€Å"On time, on budget, and to specifications† to include such criteria as â€Å"Delivery of anticipated benefits, engagement of stakeholders, and organizational adoption.† Easy to say, of course, but it is hard to do in practice. In project management, the metrics of on time, on budget, fit for purpose, and they are dependent variables. For example: a decision to cut cost (budget) will shorten the work (time) allowed to complete the project and (potentially) reduce the quality of the work. It may seem obvious, but any project undertaken by a company should be driven by business objectives; projects that do not clearly advance the aims of the company should simply not be undertaken. Many organisations review their business aims on a regular basis and adjust them for a variety of reasons. The review and approval of projects should be fully integrated into this process. The