Exploring the Broad Underlying Principals That Govern Project Management

Exploring the Broad Underlying Principals That Govern Project Management

Saad Darwish, Rahul Verma
Copyright: © 2022 |Pages: 19
DOI: 10.4018/978-1-7998-7872-8.ch011
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With projects becoming more complex and multifaceted than before, there arises a need for agile efficient project management. This chapter seeks to define project management efficiency. The chapter explores the five variables that influence project management efficiency. It also delves into the importance of project management efficiency. Finally, the chapter breaks down the challenges to project management efficiency and gives solutions to counter the challenges. The variables explained in this chapter are project scope, cost, time, resources, and quality. As evidenced here, each variable has a role in enhancing efficiency in managing projects. The benefits of efficiently managed projects examined are quality control, customer satisfaction, risk identification and evaluation, consistent communication, and on-schedule project delivery. The challenges expounded in the chapter are inadequate skillset, undefined goals, impossible deadlines, scope creep, resource deprivation, and poor communication.
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Agility and Project Management Efficiency

Project management is a critical aspect of every organization that ensures success in an organization's projects. It helps to unite an organization’s target clients with the team and help deliver projects within the set budget and scope (Meridith et al., 2017). As a result of project management, a team has a vision for successful project completion even before it is complete. Moreover, with the increasing complexity of projects, careful planning, organization, and monitoring are required. It is only through having a structured approach, relevant processes, and specific responsibilities that managers can deliver outstanding results as per the project's constraints (Jena & Satpathy, 2017). However, project management is costly and requires attention to an extensive number of details. This means that a project manager is mandated to handle multiple responsibilities at a given time, hence placing pressure on his or her performance and, in turn, affecting the project's success. Efficiency in project management is needed to avoid unwarranted stress. This Chapter seeks to address project management efficiency, its benefits, constraints, and efficiency challenges.

Project management efficiency refers to attaining the set project goals and objectives using the available resources (Zidane et al., 2017). Project management efficiency is concerned with whether the project is completed successfully using the resources made available. Project management efficiency compares the project output with the project input. The input, in this case, refers to the set scope, time, cost, and that form the scope triangle. To fully understand what project efficiency is, it is paramount that the scope triangle is explained. The scope triangle is a term used to refer to the link between scope, time, and cost (Pollack et al., 2018). These three variables depend on one another so closely that a change in one variable triggers a change in another variable to reinstate balance to the project. While the three constraints are available in every project, they are not the only project variables. In addition to scope, time, and cost, two more variables are included: quality and resources. What follows is how each variable is critical in the project management process and how each influences project management efficiency:

Key Terms in this Chapter

Agility: Ability to move easily and quickly.

Agile Project Management: It is more flexible approach and promotes collaborative working with the customer.

Manifesto: It is a published declaration.

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