Project Management Assignment Help
Project Management Assignment Help and Free Project Management Sample Assignments
Whether you are a student of MBA, studying Information technology or pursuing a diploma in project management, sooner or later you will have to take classes on Project Management Assignments. Project management Assignments are taught by a combination of written university project management assignments, project case studies, project scope writing proposals and scenarios as well as sample project management examples regarding actual project management reports. Often students find it difficult to study project management papers as the Assignment is an interdisciplinary mix of accounting, finance, business, management and IT computers. Therefore, without a thorough knowledge across all of these fields, students can often perform badly in their project management assignments and project scope work leading to low grades. Gaining a thorough knowledge of these areas within very tight deadlines and strict study schedules is also impossible. Therefore, most students require a professional academic help service for help with project management assignments and to get guidance from sample project management assignment questions and answers to make sure that they are on the right track of securing high grades in their Assignments. That’s when students love to come to assignmethelp.net for the best reliable and affordable project management assignment service and project writing services.
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Let us first take a quick glance at the important concepts and methodologies taught in every project management Assignment and project management diploma study.
For this we first define and give examples of Project Management
What is Project Management?
The project management is essential for the organizational success. Project management is a part of the organizational workflow, and it is necessary to maintain efficiency in the tasks carried out.
Gaddis (1959)1 defines the project as “an organization unit dedicated to the attainment of a goal”. PMBOK (1987)2 defines Project Management as a “formal discipline that has been developed to manage projects”. Project management involves planning, scheduling, and controlling of various activities to meet the project objectives.
The examples of the project management include:
- Rugby team management
- New product management
- Construction project management etc.
The Components and Characteristics of Project Management
Planning and providing responsibilities in project management:
- In this step, the planning process will be carried out
- The tasks and responsibilities will be assigned to the team members
Scheduling in project management:
- This is a part of the planning process in project management.
- It helps the organisation to design the manpower and assign the workload to every individual who works in the project.
- Once the planning and scheduling of the tasks are completed, then they can move towards implementing the plans
- The monitoring and observing of the tasks are vital to identifying the changes and the improvements required.
Reporting & Controlling:
- The reporting of the monitored items will help the organisation to control the outliers in the future.
Characteristics of Project Management
Types of Project Management Methodologies with Examples
Project management is carried out in a wider environment than the project itself. Therefore, the guiding processes are important. The following are some of the widely used the Project Management Methodologies:
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Waterfall: It is suitable for industrial firms, mostly in product development and construction.
PRINCE2: This project management methodology is based on the product, so its processes are focused on obtaining concrete results rather than on the planning of activities.
AGILE Project Management Methodology: It assures flexibility and ability to modify the product throughout the project. By progressively, completing the different phases, the final product is obtained. It is based on the principle whatever works. It is suitable for IT sector.
Scrum: A short-term methodology, suitable for software development. There is no project manager here; everything will be handled by the Scrum Master, who initiates, controls and monitors all the work done.
Kanban: The KANBAN system is an agile project management methodology, that has its origin in the JIT production processes. It makes use of the labels and cards to identify the needs. It follows traditional approach.
PMBOK: PMBOK presents several phases of a project in a linear way where the need/solution, the scope and the planning is established in the initial phases. It cannot be used in combination with other more agile and flexible methodologies. It follows traditional approach.
LEAN: Used by Toyota in 70’s, it is suitable for industrial setting that aims at efficient production. The management specifies what to produce so that the teams can start working towards those goals (Guide PMBOK, 2004).
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Important Project Management Skills with Definition & Examples
Time Management Skills: The time is an important element in the project. Keeping track of the time and the project is critical to making a project successful.
Teamwork: Being able towards the team objective over the individual object is a critical skill that is required to flourish in an organisation.
Communication Skills: It is necessary to be an excellent communicator to ensure that all people understand what is expected of them, know the message and the implications and can also expect to be understood by the higher levels. For instance, effectively communicating the project needs to help the end user to prepare for the outcomes of the project.
Leadership skills: Leadership motivates all their actions and transmits these values to the teams, who get their enthusiasm and identify with the goals set. A good leader can change the Assignment of a project.
Attention to detail: Project management is based on the details. Each element causes an impact on the final result. The success of the project depends on the ability to interpret those signals and make decisions on time (Frame, 1999)4.
Writing Project Management Plan: Project Plan Template and Purpose of Project Management Plan
The Project Management Plan is defined as “a detailed framework of the Project, the records, the work order files, the change requests, the reports and everything we generate after the day in the Project documentation” (Dam, 1999)5. Before we start planning the Project, an object of the process to develop the Project Management Plan, we need the Project Manager and the Sponsor in a strictly internal document to agree on a mutual commitment. The Project Management Plan establishes "what", "when" and by "who" carries out the tasks of the Project.
Project Management Steps
- Project conception and initiation: Two of the major steps in this step is identifying the necessary resources and delegation of the work.
- Project definition and planning: The resource utilisation plan must be developed to make sure the resources are utilised effectively. The scope and limitations of the project must also be developed at this stage.
- Project launch or execution: With the help of execution and launch plan, the activities to be carried out can be decided. A detailed work plan development is critical to making the project successful
- Project performance and control: This includes the regular management tasks but in the scenario of the project. This process includes control and maintenance of the variables in the project and reporting it to a higher authority.
- Project close: Once the project is completed as per the close plan, the review task can be carried out to see what are all the areas that need improvements.
Now next let us help you understand project risk management definition, process of project risk management along with suitable examples of project risk management
Project Risk Management Help
Risks are defined as the uncertainties associated with a project. Project risk stems from the uncertainty of any project. Project Risk Management is defined as “a wholesome activity that involves monitoring and controlling the various uncertainties associated with a project.” (Lu & Lu, 1999)6 The level of uncertainty is the highest and, therefore, the risk of not complying with the objectives are higher at the beginning of the project.
The various steps in project risk management involved, identifying risks, implementing risk analysis, planning risk response and controlling risk. The goal of project risk management is to increase the probability and impact of positive events in the project and to reduce the probability and impact of negative events in the project.
What is Lean Project Management? Definition & Methodology of Lean Project Management
The lean project management follows these set of objectives “quality, speed and alignment with customer expectation” (Riis,1999)7. Lean project management seeks to eliminate everything that is not adding value to be able to focus only on what is necessary in the present moment.
It is a part of agile methodology discussed above. The main benefit of the agile methodology applied to project management is for the reduction of bottlenecks. Although in its origins it was of exclusive application to IT projects, today its use has been extended to many other areas that enjoy its advantages, some shared with the lean methodology.
Project Management Benefits
- Ensures that the product, result of the project, is defined and agreed by all parties involved.
- Manages the expectations of people who are related or affected by the project.
- Allow the objectives of the project are defined and perfectly integrated within the business objectives of the organisation.
- Facilitates the responsibility of each part of the project is clear, assigned and agreed upon.
- Encourages the use of good planning techniques and encourage more accurate estimates.
- Gives confidence by demonstrating visible control.
What is Project Procurement Management?
Project Procurement Management includes the process of purchasing or obtaining the required products, services or results from outside the project team. It also includes contract management and change control process. The project schedule has a significant impact on the planning of procurement strategy in the planning of procurement management. The main role of this process is to ensure that buyers and sellers fulfil their legal agreements to meet their procurement needs (Judd, 2012)8.
Project Life Cycle Help
The life cycle of the project defines the phases that connect the beginning of a project with its end. (Pinto, 1988)
The life cycle of the project can help the project manager to determine if one should treat the feasibility study as the first phase of the project or as a separate and independent project. The phases of the life cycle of a project are Initiation→ Planning → Execution → Monitoring →Project closure. The transition from one phase to another which includes preparation, control of the work, the execution and a closure of the project.
The project life cycle defines:
- What technical work should be done in each phase
- When the deliverables must be generated in each phase and how it is reviewed, verify and validate each deliverable product
- Who is involved in each phase
- How to control and approve each phase.
At the beginning of the project we have to make much effort, but we have very few costs, the staff is small, and the costs are also reduced to be able to carry out the product. However, when we move on to the execution of the project the costs increase as well as the required time.
Theory of Constraints in Project Management
M. Goldratt proposed the Theory of Constraints in the management. It aims at providing mechanisms to gain some control over their operations in the project. Theory of constraints is defined as “…a systemic way to identify constraints that hinder system’s success and to effect the changes to remove them.” (Goldratt, 1990)10.
The theory of constraints consists of various concepts such as the performance measurement, logical thinking and logistics process. By integrating all three concepts, a five-step process was developed.
Project Management Planning: Process & Tools
The Project Management planning process consists of:
- Planning- Devising a workable project plan that can accomplish the project objective
- Executing- Executing the plan
- Controlling- measuring the progress and finding areas of improvements
Useful Project Management Tools
- To-do List: Defines the role to be played by every individual in a project. It is also helpful in measuring productivity
- Workflow charts: Useful in identifying the steps to be followed while working on a project. Helps the users providing clear instructions and visualising the work in progress.
- Gantt Charts: One can use it as an alternate time management tool, and it also helps them to track productivity.
- Time Tracking tools: Keeps up with the time management. It can be used to issue a warning and speed up the process.
- Collaboration tools: Makes the project control easy by collaborating. It makes sharing easy
Milestones in Project Management
A milestone is a tool that helps the stakeholders involved in the project knowing the progress of the project. A milestone symbolises an important achievement in the project. These milestones will serve as communication tools for others involved. The milestones are the most comprehensive way of monitoring the execution of a project. These milestones carry significant importance as it can be used to assess the effectiveness of the team and with the time management. In this way, the board can define all their projects with the help of the words milestone. For example, the milestones that we have crossed, which is nearby, which is behind, etc.
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How to Write a Project Proposal with Free Project Management Template
Creating a project proposal
There are seven steps in creating the project proposal. They are
- Step 1 - Describe the project in general
- Step 2 - Describe the project clearly
- Step 3 - Describe the Project modules
- Step 4 - Aspect of Project Technicians
- Step 5 - Costs and Time
- Step 6 - Describe the Project's Advantages
- Step 7- Closing the project proposal
Submitting a project proposal
Submitting a project proposal involves the following
- Find out the deadline for submission
- Find out the audience and prepare the project proposal as such
- Identify the effective ways to pitch the project
Important Project Management Software for Project Plan
There are five famous Project Management Software
- Microsoft Projects: It is the most commonly used Project Management Software by the company Microsoft. It offers a lot of services on both cloud and offline platforms.
- Trello: It helps the users to keep track of everything. With the help of various tools, you can organise and prioritise the projects and activities. It is a complete Project Management software that can challenge Microsoft Projects in terms of quality.
- Wrike: It is an online project management software, that aims at simpler project management experience to the users. It provides options to collaborate and streamline the work.
- Atlassian: Atlassian’s JIRA is one of its top products. The software helps with tracking project development. It provides services such as bug tracking, issue tracking, and other functions to manage the products effectively.
- Zoho Projects: Zoho Projects provides the storage of the basic information of the project, as well as the tasks and the management of the documentation.
Dependencies & Contingencies in a Project Plan
The dependencies of a project refer to the projects that cannot be done without the other project is completed, started or at least in-progress. It can be formal or informal and helps the project manager to manage a project to completion effectively.
The Contingencies in a project are the resources designated for a specific project. They are earmarked for that particular task, and it cannot be used anywhere. Most of the time, these resources will be held in reserve. The contingencies of a project are mostly financial resources, and most of the time it mentions the cash flow. It is also used as a risk mitigating mechanism on a project.
Financial Planning and Project Scope Writing Help
Budget and time play a big part in Project Management. The budgeting lays down the financial constraints that one may face in a project. The financial analysis in general analyses the profitability of the business and the economic analysis that analyses the profitability of the company or industry in which it is a part of. Therefore, the macroeconomic aspects are also given some level of importance.
The financial planning is critical as it can be used to identify and regulate the cash flow in a project. Dependencies & Contingencies in a project are mostly responsible if the financial plan of a project fails to materialise. Before the preparation of an investment project and its financial planning, all economic analysis work must be carried out. It must be done with the aim of formalising concrete ideas on which are the priority projects for the development can be selected among the available options.
There are a variety of financial tools used before selection of projects such as Present Net Value (NPV), Internal Rate of Return (IRR), Pay Back period etc.
Managing Project Cash Flow in Project Plan
The cash flow resulting from the project is more important than the profitability associated with a project. Projects are part of the larger project in an organisation. Moreover, therefore, the cash flow management on a project is paramount.
For instance, the cash flow of a project will look like this
The project selection, in general, will be done based on the present value of the future cash flow among many other things. There are three important factors to be considered on managing the project cash flow. They are fund utilization, budget implementation and evaluation of results. These are the three critical aspects in managing the financial and cash flow part of the analysis.
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Books and References for Project Management Assignments
- 5DAM, C. C. (2006). Project Management Plan.
- 4Frame, J. D. (1999). Project management competence: Building key skills for individuals, teams, and organizations (p. 232). San Francisco, CA: Jossey-Bass.
- 1Gaddis, P. O. (1959). The project manager. Boston: Harvard University.
- 10Goldratt, E. M. (1990). What is this thing called theory of constraints and how should it be implemented? North river press
- 3Guide, P. M. B. O. K. (2004). A guide to the project management body of knowledge. In Project Management Institute (Vol. 3).
- 8Judd, P. D. M. G. (2012). Project procurement management. Recuperado el7 de diciembre de.
- 6Lu, Y., & Lu, J. (1998). Project risk management. Tsinghua Univ. Press, Beijing.
- 9Pinto, J. K., & Slevin, D. P. (1988, June). Critical success factors across the project life cycle. Project Management Institute.
- 2Project Management Institute. (1987). Project Management Body of Knowledge (PMBOK). Project Management Institute.
- 7Riis, J. O. (1993). Lean project management. International Journal of Project Management, 11(1), 3-4.