Project Planning and Project Managment Research Paper

Project Planning and Project Managment - Research Paper Example Despite the risks, project management ensures that tasks are completed successfully to their full requirements. Project management should be started earlier before committing resources and continue to the completion of the task. Companies face numerous opportunities to make their projects viable. There are also numerous techniques that can be used in making the project a success. However, successful project management requires the application of good principles rather than implementing available techniques. The principles are normally derived from experience and are valid across all projects. The success of any project is dependent on how a company applies the principles of projects management. The principles of project management include: a) Identify your business and mind your own business. Sigma has its business of providing information technology solutions across the world. The company should then make a selection of projects that are viable to the business. According to research studies, half of project management is about paying attention. Sigma should learn and apply the best practices. b) Understand customer needs and requirements and put them under version control. Sigma should gather comprehensive information on customer requirements and document the requirements under version control. ... d) Create a competent team with clear tasks. The projected team should include trustworthy and competent members. The team should have their tasks well defined and provided with the necessary working tools. Sigma is expected to offer training to team members to ensure that the project is carried out according to plans. The team should have a team leader and any misfits within the group should be removed. e) Make a follow up on progress and conduct reviews. Projects may have faults and this can only be identified by tracking the progress of the project and review the progress frequently to identify potential loopholes that may be present in the project. The progress should be viewed in a very wide spectrum and pay attention to indicators in order to identify problems before they go out of hand. f) Use baseline controls. Managing the project requires a cost and schedule baseline tracking in handling changes. The changes should be managed deliberately. Sigma is expected to measure probl em areas and apply quantitative methods in tracking the progress of the project towards providing solutions to the identified problems. g) Note down important information and share it among team members. It is important to record requirements, design and management structure and the plan for the project to ensure the improvement of concepts and ideas. Proper documentation ensures that the project has baseline controls and a process that can be revisited. Decision and their rationale should be recorded for future application. h) Conduct tests on various cases. A project work requires decisions that have been tested and their potential outcome known. This reduces uncertainty in conducting some activities. Sigma is expected to develop test cases early enough in order to