Project management Research Paper Example | Topics and Well Written Essays - 1250 words - 1

Project management - Research Paper Example Project management is also governed by time allocated to achieve a specific goal or objective. A proper management activity involves attaining of a goal within a specific time allocated for the completion of the activities. In management of projects, creation, implementation and measurement of results determine the effectiveness of a project management strategy (Lock, 2007). Additionally, project management involves the creation of outstanding technical skills and distinct management strategies. Each project management objective has a concept phase that has general guidelines regardless of the set goals and objectives. The concept phase in project management involves; Development of the concept statement Completion of the business analysis Review of the project concept Project concepts are principles on which a project is based. In any project management activity concepts refer to the guidelines which are set aside for mangers to follow. For instance, there is a concept which require s originality or reliable sources to be used in the creation of assumptions and results. According to Cooke-Davies (2002) project management concepts create the guidelines which govern the direction of decision making by project managers. The author further argues that project management concepts change depending on the scope of the project portfolio. For instance, the concepts used in project management portfolio in psychology and business may not be similar (Lock, 2007). History The implementation of project management strategies in organizations dates back to the 1950s. Prior to this development, engineering projects in the 1900 were controlled by engineers, master builders and architects. In the 1950, organizations started practicing complex project management project in civil engineering. In words by Loch (2000) these complex civil engineering projects required more than just supervising from experienced architects. The author further argues that the activities involved in the projects required single project management capabilities that had to be monitored in each phase. This created the concepts that initialized the activities involved in project management. Project management then grew as a discipline to other fields like heavy defense activity, construction and engineering. In the growth of project management two figures played a major role in this particular growth. They are Henri Fayol and Henry Gantt. At the same time there were also developments in project scheduling models, cost management strategies, technology of cost estimating and engineering economics. The growth of project management was further boosted by the creation of the American Association of Cost Engineers. This body aided in cost estimation strategies, cost estimating, planning and scheduling portfolios (Stevens, 2002). In 1969, there was the creation of project management institute in the USA. The body publishes A Guide to the Project Management Body of Knowledge which is describe s the practices used in most projects and often (Dinsmore et.al, 2005). Project management basics There are five basic of project management. These five basics are connected together strategically to bring out the whole process of project management. These five basics are represented in the diagram below. The process commences at initializing which involves project feasibility and project initiating. Then the process advances to planning which includes formulating of schedule task lists,