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In actuality, the project manager is like the quarterback of a football team, everything at least on offense runs through him. He is the leader and the man who determines the overall success of the team.
There are other almost as equally important individuals, but the reason why quarterbacks are so highly valued, is because in reality they are the ones who are tasked with the responsibility of ensuring that the team accomplishes its goals and objectives.
Key Principles Philbin and Kennedy wrote that a project manager who wishes to experience success on a project needs to ensure that there are effective communications and engagement between the various project participants, partners, clients and other stakeholders. There are a wide variety of other principles of successful project management besides effective communications and engagement however; one of the most important things to remember includes the fact that a pre-determination on whether the project is of a viable nature, whether the project should even be initiated, is of dire importance.
If a project is doomed from the very beginning, then it is likely to cause more headaches walmart business plan 2012 chevy it is worth it to even start the project. Is the project a good use of resources, is the project worthwhile, will it provide a reasonable return on investment, are all questions that should be asked before the project is approved.
Keeping in mind the fact that projects are temporary in nature is another principle along with the fact that each project should have an ending date or a timeline that keeps the project manager and the team on track for completion of the project.
By assigning the tasks to a specific individual or individuals, the project manager can ensure that the best possible person will be assigned to each task.
There are intrinsic tasks to almost every project and Sarkisov, Stoyanova and Dli found that the way to solve most intrinsic management problems is through the use of intrinsic methods and sources; employees are not only good intrinsic sources, they can also offer intrinsic solution methods.
Risks are inherent in every project; what if the project fails to accomplish the set goals and objectives? That is just one of the risks that has to be considered. Other risks to consider is that the project will take too long to complete, that the project will be too costly, and that the project itself can be derailed.
Weighing the risks against the rewards that the project will likely provide is a good method for determining whether the return on investment meets any criteria set forth by the firm.
Walmart has a great business plan: Those of us who pay taxes subsidize Walmart’s costs of doing business. 18 thoughts on “ Walmart’s Real Business Plan ” Mark says: “In alone, the data shows, Mr. Fincher received about $70, in direct payments, money that is given to farmers and farmland owners, even if they do not grow. "We have the opportunity to reimagine retail again," Walmart CEO Doug McMillon said in a keynote speech at Walmart's annual shareholders meeting on Friday. Oct 19, · Walmart is in the biggest fight of its year history.
Another principle in project management is developing a project plan that takes into account the employee's strengths and weaknesses and how those can be used to the best advantage; this is a skill that a proficient and effective project manager needs to develop in order to efficiently manage the project.
Two other principles are key in project management; that is how the design process is developed and the quality of the design product. VolkerAbdirad and Nazari found that the structure of the tasks as well as the flow of information throughout the project design provides a more likely successful conclusion to the project.
Some of the intangible requirements of the design help to address such concerns as the employee's character, innovations, creativity and sense of place Sebastian, Project Management Systems As mentioned above, an important and key principle to successful project management is to create a process that will lead to success.
Creating a process is a relatively simple matter as long as the correct system is in place. In today's modern electronic world there are a myriad of project management systems that provide the project manager with the ability to command and control all aspects of a project and most tout the idea that the system can bring forth successful completion of the project on time and within budget.
Many management software systems feature benefits such as the ability to plan, schedule, and inspect the project in an ongoing and consistent manner. Selecting the proper management system, and implementing it, is an important cog in the successful completion of the project.
Some of the features that should be considered by the project manager in choosing the correct system includes; 1 the ease of navigating through the system, 2 how the system allows management of the project resources, 3 provides reports and documents in a timely and efficient manner, and 4 provides end-to-end management capabilities especially for larger projects.
Considering the project management system can be as easy as determining the four above factors, but oftentimes the company will already have a project management system in place. Project Leadership According to Philbin and Kennedy a project leader needs to tackle problems as they present themselves during the project life cycle by developing appropriate responses to mitigate those problems.
Being a good project leader takes more than just showing up and telling employees what their particular job s are. Giltinane states that "a leader's role is to elicit effective performance from others" p.
Ensuring an effective performance can be a difficult task; especially if something goes wrong with the project, or the project's progress is being hindered in some manner. Depending on the project, a collaborative approach will often work best, but in the end there almost always has to be a person of authority and responsibility, a person in charge.
That person is the leader of the project. Leadership, and leadership styles are important cogs in the smooth progression of a project. Describing leadership can best be done as providing a plan or instructions to employees who will then be motivated to complete a project. Tiffin stated that there are a variety of leadership styles but establishing a leadership style that displays a common purpose is the first step to success.
Participative Leadership The participative style of leadership seems to be much more conducive to project management; it allows for discussion, debate and collaboration between the members of the organization and the organization's leaders.
Bennet stated that for a truly effective leader, you must calculate what's the critical matter at hand, and figure out the best path to reach success; in order to accomplish that task, input is needed, usually from more than just one source.To win, Walmart will lead on price, invest to differentiate on access, be competitive on assortment & deliver a great experience.
We understand not only what our customers want and need, but also where they want it and how they want to experience it. Project Management Walmart Business Plan Pages: 12 ( words) | Bibliography Sources: 7 Project management is an area of concern for the majority of large companies, and should be considered as a primary component in most business ventures.
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