Project Management Essay Example | Topics and Well Written Essays - 1000 words - 4

Project Management - audition ExampleIt has been defined as the achievement of digest objectives through people and involving the organisation, planning and control of resources depute to the come across (Harrison & Lock, 2004, p. 6). However, wizard can trace the ideology or roots of project management to the soonest human civilisations. The Great Wall of China, the Taj Mahal, the Hanging Gardens of Babylon, the Roman Colosseum, and others are few examples from ancient civilisations where these early project managers, mostly, officials of the kingdom and the monarchy, handled projects according to the practices of that time (Loosemore, 2003, p. 352). Today, project management has emerged as an indispensable aspect of modern worry management due to changing work environment and dynamics of the modern day business era. In this competitive business world of the 21st century, individuals within an organisation are expected to perform their dinner gown job responsibilities, as we ll as many projects that go hand in hand with their bewilder and duties (Walker, 2007, p. 183). Thus, there was a need for innovation within the business world, which resulted in a matrix organisational structure, one that is still being used in various leading businesses around the world. The principle of this structure is to bring about harmony amid demands of project managers and line managers (Frigenti & Comninos, 2002, p. 25). Much of the literature regarding project management discusses terce important constraints faced by project managers time, cost and quality, which are often referred to as the iron triangle principle. The piece of the project manager is to create a balance between these three factors in any project. This subject attempts to discuss the application of these constraints on the project of construction of Hindhead Tunnel that began in the first month of 2007 and end in the summer of 2011. Furthermore, the paper will briefly discuss aspects of managing r isks, managing costs and managing human resources, which are the three main factors that contribute to success of the projects out of the nine elements contained in the project management body of experience (Lewis, 2010, p. 169). Discussion Considering the importance and scope of this project, it was imperative for the project managers to ensure that they make the right trade-off between the constraints of cost, quality, and time. Quite understandably, if the project managers had nidused all of their attention on reducing costs and meeting the deadlines, they would permit compromised much of the quality or performance factors, something that is not acceptable when it comes to constructing a high profile tunnel, which would be used by millions of people every month (Meredith & Mantel, 2008, p. 49). In the same manner, too much focus on reducing costs and meeting the quality standards would direct eventually led to the situation where the project would have failed to meet deadline s since it would need more time to use the resources effectively and efficiently. Lastly, the project managers could have at sea sight of their budget if they had start placing too much importance on meeting deadlines and maintaining the quality (Walker, 2007, p. 183). They would have to hire more experienced and skilled workers at higher pays to motivate them to work harder, quicker and better, something that would intensify the costs associated with the project (Wysocki, 2011, p. 74). Thus, as these