Page 199 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Fundamentals of Project Management

Notes Modern examples of teams give rise to the concept that well-motivated volunteers produce
the best results.
This motivation is derived from a competent project leader who understands the principles
of leadership and exhibits traits that builds on team capability.
Project success is dependent upon team performance.

12.7 Keywords

Contemporary Growth: Planning tools have emerged over the past 50 plus years to address
dynamic planning requirements. Computers have aided and revolutionized information
management. Risk tools give probabilities for success or failure of projects.

Data Application: The development of a data base of risk factors both for the current project and
as a matter of historic record.
Debriefing: In the procurement process, informing bidders about the strengths and weaknesses
of their proposal.
Future Improvements: Future improvements in project management may be made through
better tools and practices, but the one area ripe for change is the project team.
Projects: Projects were limited in duration and scope to ensure rapid simulation of the tasks
within the projects. This simulation of projects has given the organization a unique capability to
integrate the efforts of all team members for the most effective results.

12.8 Review Questions

1. Describe the future of project management globally.
2. Explain the contemporary growth.

3. Explain the current the Situation of project management.
4. What do you know about the future growth of project management?
5. Discuss the historical perspective of project management.

Answers: Self Assessment

1. Planning 2. Abundance
3. Formal 4. Project

5. Future 6. Team Members
7. Technically 8. Project Teams
9. Changes 10. Project Roles
11. Project Team

12.9 Further Readings

Books Clements/Gido, Effective Project Management, Thomson
Clifford F. Gray and Erik W. Larson, Project Management, Tata McGraw Hill.

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