Principles of Project Management for Project - MyAssignmenthelp.com

Question: Discuss about thePrinciples of Project Managementfor Project Selection. Answer: Project management refers to the process which the team achieves through the specific objectives and goals according to some criteria of success in a project. From the current module I have learnt regarding project management principles, project selection and project initiation processes. The module also helped me to learn the various project management approaches as well as the models that are used in practical field. The process of project planning and stakeholder management also helped me to gain insight and in-depth knowledge regarding the risk management as well as project scheduling processes, monitoring and controlling a project as well as the closing a project. The module that has been covered, helped me to understand regarding the project managements multi dynamic way. The clear and concise reading with practical examples as well as worked out problems helped me to understand the subject to its core and also changed my learning approach. First the lecture notes were read by me along with the demonstration provided by the lecturer. I discussed the subject topic with my groups and peers also searched on the Internet that helped me competent in learning the current subject module. The subject matter that I found difficult to understand was project scheduling in which different types of network diagram was included such as the program evaluation and review technique (PERT) and critical path method (CPM) were used to draw the network diagrams and hence provide a project schedule (Turner, 2014). I did research on the Internet as well as read several books and practiced numerical problems regarding the project scheduling that helped me to get a clear grip on the subject. I also discussed this subject with my teacher and lecturer to clear the doubts that helped me to overcome the challenge. Project scheduling helps me in my career as a project manager and it also helps me to schedule the project precisely in order to avoid any kind of delay in the project. My major strength is to analyze any risk regarding a project precisely as well as accurate scheduling of a project incorporating adequate safety factors. Monitoring and controlling of projects are also my strengt h, however my major weakness are project planning in which I need a little guidance to start off as well as stakeholders management that I find a bit difficult to understand. According to Kerzner (2013), the leadership style essential in project management are sharing a vision in which the project managers inspires the team members as well as shares a common vision and objectives with the entire project team. A good communication skill is also required to communicate with people at all levels regarding the goals, responsibility, performance, feedback and expectations. It also helps them to guide the team members (Schwalbe, 2015). A good leadership in a project manager also provides towards commitment, demonstration as well as towards ethical practices. The value of a project within the team that is very essential in creating awareness regarding enthusiasm of the project is also an effective leadership quality to be present in the project manager. Technical competencies are the final and most important leadership quality that should be present within the project manager as technical competency helps solving complicated problems as well as technical problem s in the construction field during the project execution. In projects that have a constraint of tight budget the leadership style that is essential is communication and financial ability in the project manager to execute the project with tight control over the budget as well as communication with the construction workers and other stakeholders during negotiations in the money. As per Walker (2015), for projects having a tight time constraint, the project manager needs to have a project scheduling leadership quality in which expertise technical knowledge and experience is required that will enable the project manager to schedule the project with high precision and accuracy. My leadership style are that I have good communication skill, a team working ability, a sound technical knowledge as well as time management ability that will help me to schedule the project within time and allocated budget as well as ensure that the project is executed on time without any kind of additional risk. My communication skill will ensure that I communicate with my team members as well as construction workers clearly sharing project values and objectives with them. My technical knowledge will also make me competent in understanding the various design and drawings of the project and determine the most economical method of construction. References Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Schwalbe, K. (2015).Information technology project management. Cengage Learning. Turner, J. R. (2014).The handbook of project-based management(Vol. 92). New York, NY: McGraw-hill. Walker, A. (2015).Project management in construction. John Wiley Sons.