Project Management in a Changing Environment Coursework

Project Management in a Changing Environment - Coursework Example A new body of knowledge was evolved, which came to be known as Project Management. Over the years, the science of Project Management has developed enormously and many scholars and practitioners have introduced various tools and techniques to enrich it. Â  Internet, computers, project management software etc have enhanced the pace of development of project management.Successful completion of a project on time with the use of limited resources and minimum cost is the main objective of project management. But, project management in modern times is no longer possible by paying attention to resources, cost and time alone. The project managers are forced to look beyond time, cost and resources. The traditional tools and techniques such as Gantt chart, PERT/CPM networks became powerless and attainment of project objective remained a dream for the competent project managers. A careful analysis has been made in various areas of project management and finally reached a way-out that project ma nagers need to have a check on the rapidly changing environment in which the project needs to be materialized.Every project is carried out in a set of complex factors. The totality of all such factors is known as the project environment. Time, organizational factors, a legal system, political system, technology structure, economic system, socio-cultural system are some of the factors in the project environment. All these factors are likely to affect projects and the success depends upon how the project manager and his team respond and adapt to the changes. The basic principles of project management still remain effective in any contexts regardless of size and time. But the resources, budgets, methods, and tools of the project depend upon the environment. If today’s projects are managed by the tools of the past, the probability of failing the project is very high. That does not mean that traditional tools are ineffective in modern times. Thus, before implementing the tools, th ey must be made adaptable to the changed resources, budgets.

Products and Services Assignment Example | Topics and Well Written Essays - 500 words

Products and Services - Assignment Example From this paper it is clear that MSC was going to make profits since they were going to focus mainly on the product that would satisfy their customer needs. They relocated their markets to areas where they knew that the prices they had placed would favor the residents. As an organization MSC did the right thing by forming the alliance since it closed down all the branches that were making little profit. They should move to areas where there is ready market. The products that MSC produced were to be advertised. This task was to be carried out by 3B, this will help MSC do away with promotion costs.This discussion highlights that  the benefits of going ahead with the plan are many for example some of the operation costs will be reduced. PLS employees will lead, but 3B will help with materials. There will be some advertising as part of this deal. This will be done by 3B and  PLS. Since it is an alliance, they will be holding meetings to discuss on new strategies and the way forward. This will be a major boost since there will be exchange of ideas by different people who have different skills, and they are from different companies.  MSC county government has been looking forward to support both private and public partnerships so that they get national attention.  3B also has a good public reputation in their community since its employees contribute to the growth of the economy. By forming an alliance with them, MSC is more likely to succeed.