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Management Essay

858 words - 4 pages

Achieving Project Goals Simulation
Maria Algarin
University of Phoenix
MGT 437

Project Management Simulation
It is important for project managers to not only make the best project plans, but to be also suitably prepared to tackle contingencies and minimize their impact on the project (Achieving Project Goals Simulation, 20011). In my opinion, there is a misconception as to the role of a project manager. The main challenge is to ultimately achieve the defined goals for the project. Another challenge is maximize the integration of inputs to meet the objectives. Realistically it is important to understand all the processed that relate to the project. Once these items are identified the ...view middle of the document...

A well thought out plan will provide you with the daily roadmap of what needs to be achieved and it prevents duplication of labor. Ultimately proper planning can help you to prepare for emergencies that come up during the course of the project.
Limitation of Project Management
A limitation of project management is improperly assessing and prioritizing risks. Time can be lost in dealing with risk that is not likely to occur (Reh, 2009). Devoting additional time assessing and managing implausible risks can deflect resources that could be used more profitably. It is true that unlikely events can happen, however it may be better to retain the risk and deal with the consequences if the loss does happened.
Anticipating Bottlenecks
It is very difficult to predict and prevent bottlenecks when planning for a project. Part of managing a project or an organization is positioning yourself to anticipate what might go wrong. It is the responsibility of the project manager to find the bottlenecks that can jeopardize your objectives. These issues can come in many forms. The idea is to constantly be on the lookout for any potential constraint. It’s crucial to keep your eyes and ears open as you work through a project.
Risk or Time
If I were required to crunch a project, I would compromise on time. A good planning phase for a project includes time and risk analysis. The risk analysis consists of brain storming session that involves the entire team. There are two types of risk that can have an impact on your project: the risks that you know about, and the risks that you don’t know about. The way to manage risks is to build contingency plans and to allot enough time to diminish risks that you do not know about....

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