PROJ 586 Week 1 Discussion; Project Management and Project Selection

WEEK 1: PROJECT MANAGEMENT AND PROJECT SELECTION There are needs arising for organizations as they set their business strategy and establish their strategic goals. It is critical to align the projects selected with the strategies and goals established. How have you seen projects used in your company, organization, or personal life? What methods of project management does your company use? Do they work? Why does project charter so significant for the project? Please explain your rationale. You are to submit three quality posts over 3 different days, with the first post on or before Wednesday for each graded discussion topic. Professor, Working as an Assistant Project Manager for a large electrical contract, I get to have to opportunity to see large high rise condo building get built by the hundreds. As each building is design and developed each project manager has their own way of manager the project but holds to a certain best practices. At the beginning of each project baseline, the project is designed, estimated, coordinated and budgeted. Once all the information is verified it is upload to a virtual dashboard were milestones are set, scheduling, potential KPI's and risk are noted along with the Project Charter that provides the project in its entirety. This is vital to understand the overall project risk, budget, GP and the contractual obligations. Once the project is in production, weekly meeting are held with the field team, bi-weekly meetings with the general contractor and monthly financial meetings with entire management team to note any issues or potential risks. Material buyouts and storage of materials is a best practice to ensure all material is counted for and onsite before it is needed to save time and potential shipping issues. All best practices are vital in order to have a successful project. 2. Hi Class, As I had worked with different technology companies in the past, most of them tried to use agile project management methodology. They set milestones or iteration, and consulted technical leads and IT architecture team to perform estimation and creating software development road map. At the beginning of the project, there were lots of unknown relating to resources and technical limitat