Page 197 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Fundamentals of Project Management

Notes Staff

Changes in people knowledge, skills, and competences will provide the greatest opportunity to
improve project success through better organization and training of teams, to include training
project managers in the art of leadership. Many future gains in project successes and reduced
consumption of resources for each project will be dependent upon team performance. High-
performance teams will become more prevalent in medium to large size projects. Project
managers will become more widely versed and aware of the need for leadership skills to obtain
the best results from individuals and teams. Project manager competence will include the ability
to effectively lead teams and to motivate individuals in the performance of project work. This
will lead to fewer project failures and waste of resources. Project Strategy Project strategies will
be aligned with the enterprise’s strategic goals and projects will be selected based on objective
criteria that relates to the business’s purpose. Portfolio management will become more common
in all sizes of organizations.
The respective project roles for the project manager, project team member, and project sponsor
need better definition and the right training to assure accomplishment of these duties. Project
team members performing technical tasks will be trained in being team members as well as
limited project management skills to understand the measurement of progress for the project.

Self Assessment

Fill in the blanks:
9. ....................... in people knowledge, skills, and competences will provide the greatest
opportunity to improve project success through better organization and training of teams.
10. The respective ....................... for the project manager, project team member, and project
sponsor need better definition and the right training to assure accomplishment of these
duties.
11. ....................... members performing technical tasks will be trained in being team members
as well as limited project management skills to understand the measurement of progress
for the project.

Case Study The Hidden Costs and Dangers of the Shortcut

e live in a world where we are often pressured to take shortcuts to save time
and cut costs as much as possible. However, if you’re not a skilled and
Wexperienced project manager, the wrong shortcut could end up costing you a
lot more. Here’s an anecdote to think about.
Let’s say you are running a project, and the goal is to upgrade a road to a remote property.
You solicit bids from several contractors and ask them to do it for the least cost possible,
and you also stipulate you don’t want to get any permits.
None of the contractors are willing to work under those conditions, so you get your own
earth moving equipment and a friend with some experience to help you upgrade your
road.

Contd...

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