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2024 Unit 9 Project Management LAA (Assignment 1) (Distinction LEVEL)
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Unit 9: IT Project ManagementLAA: Investigate the principles and methodologies of IT project
management as used in industry
Assignment title: Project management - an investigation
Learner name: (Insert Name)
Submission date: (Insert Date)
LAA: Investigate the principles and methodologies of IT project
management as used in industry
, Assignment title: Project management - an investigation
Learner name: (Insert Name)
Submission date: (Insert Date)
Table of contents
Explain, using appropriate definitions, the characteristics of different methodologies applied
in IT projects........................................................................................................................... 2
Evaluation............................................................................................................................. 18
Explain, using appropriate definitions, the characteristics
of different methodologies applied in IT projects.
Introduction
An IT project is the steps required such as planning, organising and delineating
responsibility for the completion of an organisation’s specific IT goals. Organisations
,will undertake activities and use technology and information systems to achieve
specific objectives to produce desired results. These IT projects cover a wide range
of operations and can change in size, complexity, and scope. Within an
organisation’s IT strategy, each type of IT project serves a different purpose.
What is the project life cycle?
The project life cycle contains five phases: project initiation, project planning, project
execution, monitoring and control and project closing. Each of these stages is
required to efficiently deliver a project. The amount of phases and steps in the cycle
may change depending on the company and type of project that is taking place.
They should, however, have a clear beginning and end since they are part of a
project and are time-bound. Regardless of the exact work involved, the lifecycle
offers the fundamental framework for the actions that must be accomplished in the
project.
What are the main stages involved in the project life cycle?
A project idea is transformed into a usable product via the five distinct phases that
are involved such as, including initiation, planning, execution, monitoring and closing:
Project initiation: The project initiation phase is the initial step in translating a
conception idea into a measurable goal. It is critical to develop a business rationale
and a comprehensive project framework during this phase. To achieve this, it is
necessary to determine the project’s necessity and create a project charter.
The project charter is an important document that contains details such as project
limitations, objectives, project manager appointment, cash allocation, expected
timeline and more.
It is critical to identify the major project stakeholders - those individuals who will be
involved in the project - after identifying the project’s objectives and scope. A
stakeholder registration should be constructed, with responsibilities, titles,
communication requirements, and levels of influence outlined.
While this phase establishes the overall purpose of the project, it does not dig into
the technical details that are addressed in the planning step.
Project planning: The second phase of the project life cycle is known as the
planning phase which is critical in mapping the course for a project’s success. During
this stage, great care is taken to create thorough plans, detailed timelines, and
precise resource allocations. It is time to refine the project’s objectives, fine-tune the
project scope, and delve into the technical complexities required for successful
implementation. During this phase, project managers and teams work together to lay
a firm foundation for the project, aligning every element to achieve the desired
, results. The planning phase establishes the foundation for effective resource
management, risk mitigation, and clear communication techniques, ensuring that the
project proceeds smoothly and in accordance with defined objectives.
Project execution: The execution phase of the project life cycle is the point at which
the project’s plan is transformed into actionable items. During this important phase,
human and machine resources collaborate in a coordinated effort to complete
activities within the time, cost, and quality restrictions.
Human resources, composed of project team members, play a critical role in project
execution. Their knowledge, abilities, and dedication are put to use to complete the
numerous tasks and deliverables. During this phase, effective communication and
teamwork are critical to ensure that everyone is on the same page with the project
objectives and working towards a single goal.
In contract, machine resources include the technology and equipment assets needed
for certain project operations. These resources may include specialised machinery
and software, as well automated systems that expedite procedures, increase
production, and maintain the appropriate level of quality.
Project managers and leaders are responsible for overseeing resource allocation,
monitoring progress, and addressing any difficulties that may develop during this
period. The main goal is to make sure that the project proceeds as planned, that
quality standards are met, and that the budget and timetable are met. To ensure
project success, effective project execution necessitates a delicate balance of
human and machine resources, with careful management of both.
Project monitoring and controlling: Within the project life cycle, the monitoring
and controlling phase serves as an important checkpoint to ensure that the project
adheres to the basic goals and plans set during the commencement and planning
phases. This stage is dedicated to supervising, regulating, and managing project
operations in order to stay on track with the project’s objectives, timeframe, and
budget as described in the initiation and planning papers.
Project managers and teams track progress and performance in a systematic
manner, comparing actual results to the planned targets and criteria established in
the project’s commencement and planning papers. Any changes are recognised,
analysed and addressed as soon as possible. This phase emphasises quality
control, risk management, and resource allocation to ensure that the project stays on
track.
Project closing: The project closing phase is the last stage of the project life cycle
procedure. The project closing stage denotes the completion of a project following
the final delivery. External talent is often hired on a contract basis expressly for a
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