Write a short (approx 300-500 words) Journal Entry to explain:
The key things you learned during the last two weeks.
How can they relate to the workplace?
How they can aid your personal and professional development?
Remember to be specific and give examples. (I’m working as head of finance department in a government sector)
Uint 3
In this unit we shall:
Examine project management techniques, in particular the PRINCE 2 Agile themes, principles, processes and methodology.
Examine the stages of a project, including pre-project, initiation, delivery and closure, including the management of risks, project review and change control arrangements.
On completion of this unit you will be able to:
Explain and evaluate different approaches to resource allocation and budget control in project management to meet quality standards.
Explain, and critically analyse, a range of contemporary project managerial concerns in contemporary global and national business environments
Uint 4
In this unit we shall:
Develop our understanding of the business case, project initiation leading to an appreciation of the stages of a project including pre-project, initiation, delivery and closure.
On completion of this unit you will be able to:
Explain and evaluate different approaches to resource allocation and budget control in project management to meet quality standards.
Below is my initial post for the 2 weeks, it would be useful if u can refer to the post and provide some examples from it.
As Meredith (2017) stated, the project’s organizational form should be aligned with its characteristics, limitations, and issues. The selection of a project form is crucial because it determines the use of resources, expenditures on them, and quality achievement (Einhorn et al., 2020). For instance, a manufacturing firm in a heavily bureaucratic environment will likely require a more bureaucratic structure than an organization planning to provide innovative products in the expanding technology industry.
Essential aspects that should be considered while deciding the required structure are the nature and size of the job, the amount of risk involved, the freedom needed, and the corporate culture prevailing in the particular firm (Isac et al., 2021). The functional structure of the organizations in which teams are grouped according to their functions ensures hierarchical reporting structures and can be efficient when it comes to bureaucratic operational methods. However, this may lead to compartmentalization of the communication process and slow decision-making.
On the other hand, the projected structure, where all organizational resources are dedicated to the project, has this kind of focus and accountability for the task but exerts pressure on the managerial resources and gives rise to two right-hand problems (Ni et al., 2020). The matrix structure, which combines aspects of the functional and projected structures, is effective for greater flexibility and enhanced resource management. At the same time, it has drawbacks regarding the issue of reporting and authority conflicts between the functional and project managers.
Selecting the correct form of organization is one of the most crucial strategies in today’s world, where business is ever-changing and interconnected. It is worth highlighting that the proper structure is also the most efficient, fosters creativity, and complies with legal requirements (Akpinar and Ozer-Caylan, 2022). When selecting a suitable form of organization, the question arises of how the resources will be distributed and transferred to the projects to work on and enhance the general performance of the projects and, thereby, the business also arises.