Project Cost Management: Tips For Success
Performance Criteria
The tips that are provided for analyzing and reviewing projects for identifying improvements are generally elaborated below:
- Conducting gap analysis
- Determining whether the project objectives are achieved or not
- Determining the cost and benefits of the project
- Identifying the areas in which improvement can be done
- Identifying the lessons that are learnt
Mentoring is one of the long-term procedures that is generally based on mutual trust as well as respect (Garvey et al., 2017). On the other hand, coaching is undertaken for short period of time that generally follows proper structured as well as formal approach.
The responsibilities are generally assigned to the team members of the project by understanding their skills as well as experience. It is found that by analyzing the skills and experience, the team members of the project are assigned with proper roles as well as responsibilities such that the project can be accomplished successfully within the expected budget.
Negotiation is defined as the process that helps in permeating the interaction of almost everyone within a group or organization (Powell & Bartlett, 2017). There are generally five steps that are mainly associated with the negotiation process. The steps are listed below:
- Preparation and planning
- Definition of ground rules
- Justification
- Problem solving and bargaining
- Closure as well as implementation.
The qualities of a good leader are generally elaborated below:
Honesty: One of the supreme qualities of the leader is to have unquestionable integrity as well as honesty as without the two important ingredients it is quite difficult to achieve success (Savage et al., 2018).
Good communicator: A leader must always have the ability of communicating properly so that they can able to communicate their messages to the team members of the project.
Decision making capabilities: A good team leader must have the ability of making proper decisions that would can create impact on the project success (Salfi, Hussain and Virk, 2014).
Positive attitude: A leader must always have a positive attitude towards their work so that the team members will be motivated in performing their roles properly which further assists in achieving success within an organization.
Employee performance review |
|||||
Names of the team members |
Date |
Period of review |
Performance evaluation |
||
Job knowledge |
Productivity and work quality |
Technical skills |
|||
Team leader |
15-12-18 |
1 day |
Excellent |
Excellent |
Excellent |
Project manager |
16-12-18 |
1 day |
Good |
Good |
Good |
IT manager |
17-12-18 |
1 day |
Good |
Good |
Good |
Construction manager |
18-12-18 |
1 day |
Fair |
Fair |
Excellent |
Supervisor |
19-12-18 |
1 day |
Good |
Good |
Good |
It is found that for improving the perforamnce of the staffs and helping them to learn new skills, the steps that are generally required are elaborated below:
- Communicating the clear expectations about the project within the team members
- Making sure that the performance appraisals that are conducted are consistent
- Making employee development of one of the priorities for the organization
- Taking proper steps for improving the morale
- Empowering the team members of the project for performing their job
- Utilizing proper technologies
The project manager are the individuals who takes the entire responsibility of delivering the project with proper authority in order to finish the project on a day to day basis (Martinelli & Milosevic, 2016). They generally manage the team of the project with proper authority as well as responsibility. In addition to this, the project manager is mainly responsible of undertaking work that are mainly listed below:
- Managing the product of the project deliverables
- Adopting delegation by using proper assurances roles
- Preparing as well as maintaining the project stages
- Monitoring the overall project progress
Health and safety legislation provide equal opportunities to each of the team members of the project and generally helps in managing the health and safety of the team workers so that they do not face any safety or health related issues or challenges.
The conflict within the workplace can be accessed by interacting properly with the team members of the project. Proper interaction generally helps in avoiding the chances of conflict within an organization (Hillman, 2014). Moreover, the steps that are needed to be adopted within the organization are mainly elaborated below:
- Identification of the conflict in the early state
- Meeting with the participants together
- Clearly outlining the issues as well as challenges
- Negotiating the project outcomes
- Monitoring the project situation
It is found that while constructing a building with all the sustainable features the organization “Greenhouse constructing company” generally locate the resources of the project as per the project activities. It is found that the team members are allocated as per their skills and knowledge in order to complete the work of the project quite effectively.
Resource Requirements
It is found that in order to perform each of the project tasks, it is very much necessary for the project managers to utilize proper selection criteria (Carayannis et al., 2017). The selection criteria that is required for identifying each personnel with appropriate skills are generally listed below:
- Looking for the individual who provides the career commitment
- Testing the excellent learning as well as analytical skills
- Checking the computability of the employees
- Utilizing proper hiring procedures
- Taking tests as per their job needs
Answer to question number 3
External influences can affect an organization structure. The external factors that generally creates impact on the organizational structure are generally elaborated below:
Economical: It is found that with the economical conditions, the project manager needs to align the goals as well as opportunities of the project for protecting the business from threats (Saywitz et al., 2015).
Environment: The conditions that influences the organizations social cultural as well as natural environmental conditions generally affects the organizational structure.
In order to communicate clearly about the project roles in job description document the steps that are generally listed below:
- It is quite necessary to have proper information and ideas about the job roles
- It is very much important to write the job description clearly in a formal format within the document
- The duties that are needed to be performed are also added
- Additionally, the legal riles as well as legislations are added within the project.
Rapport can be established successfully by using proper interpersonal skills by using steps that are generally provided below:
- By checking the appearance before establishing rapport
- The basics of good communication must be properly understood
- Finding common purpose (Reiner, 2016).
- Creating proper as well as shared experiences
- Be empathic
- Mirror as well as matching mannerism as well as speech quite appropriately.
Training is defined as a way to teach or develop in oneself or any skills as well as knowledges that are mainly related to specific competencies. It is found that there are three way through which people can be trained and the ways are elaborated below:
Online training: Online training can be provided by incorporating both in person as well as online resources so that the employees of the organization can be able to understand the information that is related with training (Lui et al., 2015).
Hand-on training: It is found that hand on training generally provides the employees with the opportunity to apply what they are learning with the help of day to day tasks of project.
Group discussions as well as tutorials: It is found that with the help of the group discussions as well as tutorials proper training facility will be provided to the team members of the project (Gordon & Claremont, 2016).
The signs of low morale within the staffs of the organization can generally be determine by undertaking steps that are listed below:
Uncooperative attitudes: Uncooperative attitudes within the employees of the organization can be identified quite easily with the help of the behaviour that they portray towards the organization (Joslin & Muller, 2015).
Improper enthusiasm: Lack of enthusiasm is one of the major issues for the team members of the project.
Absence of commitment: If the team members are not committed towards their work then it is reflected that they have low morale (Todorovic et al., 2015).
Increasing complaint: The increasing compliant within the organization generally helps in showcasing the low morale of the organization.
Proper ways for tackling the morale of the employees are generally reflected below:
Understanding the major cause: It is very much necessary to understand the main cause of the low morale so that this problem from the team members can be resolved.
Improving the culture of the company: It is very much necessary to build proper culture of the company that generally thrives on honesty, openness as well as regular interaction (Joslin & Muller, 2015).
Connecting regularly: It is very much important to use a common platform in order to regularly connect with the employees of the organization for improving the morale.
The organizational procedures for disbanding the team of the project are generally listed below:
- Celebrating accomplishment of the project team
- Asking the team members for reviewing the personal contribution
- Generating discussion about the problems that generally arises between the team members
- Discussing the next steps for team members of the project.
The questions that are generally asked for the project closure are generally listed below:
- Does all the project activities are successfully completed?
- Are the objectives of the project are achieved?
- What are the tools and equipment which enhance value to the project?
- How the project team members generally feel about the project success?
- How the entire project can be managed?
- How the project sponsor is involved as well as committed in the project?
- How much support does the team gets from the executive level of the project?
- Does the stakeholders’ expectations within the project are met?
- How the project documentation is managed?
- What are the lessons that are learnt from the project
- Does the project quality standards are followed?
- Does the performance of the project is successfully managed?
- Does the project needs as well as requirements are achieved?
- Does the proper communication method is followed within the project?
- Does all the risks of the project are managed successfully?
- Does the project is helpful in enhancing sustainability?
- Does proper quality of materials are used within the project?
- Does the stakeholders sign off the project?
- Does the project get finished within the expected budget and time?
References
Carayannis, E. G., Grigoroudis, E., Del Giudice, M., Della Peruta, M. R., & Sindakis, S. (2017). An exploration of contemporary organizational artifacts and routines in a sustainable excellence context. Journal of Knowledge Management, 21(1), 35-56.
Catapano, S., & Gray, J. (2015). Saturday School: Implementing Project-Based Learning in an Urban School. Penn GSE Perspectives on Urban Education, 12(1), n1.
Garvey, B., Garvey, R., Stokes, P., & Megginson, D. (2017). Coaching and mentoring: Theory and practice. Sage.
Gordon, J. S., & Claremont, C. A. (2016). Bringing Morale Back to the Workplace: A Collaborative Change Project.
Hillman, D. R. (2014). Understanding multigenerational work-value conflict resolution. Journal of Workplace Behavioral Health, 29(3), 240-257.
Joslin, R., & Müller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts. International Journal of Project Management, 33(6), 1377-1392.
Lui, R. W., Leung, H. K., Ng, V. T., & Lee, P. T. (2015). PMS–A simulation game for interactive learning of software project management. In Technology in Education. Transforming Educational Practices with Technology (pp. 104-115). Springer, Berlin, Heidelberg.
Martinelli, R. J., & Milosevic, D. Z. (2016). Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons.
Powell, K. E., & Bartlett, L. E. (2017). Bridging the Gap: A Joint Negotiation Project Crossing Legal Disciplines. J. Experiential Learning, 2, 182.
Reiner, D. M. (2016). Learning through a portfolio of carbon capture and storage demonstration projects. Nature Energy, 1(1), 15011.
Salfi, N.A., Hussain, A. and Virk, N., 2014. Qualities of good leader: Perceptions of teachers and head teachers and district school managers. Public Policy and Administration Review, 2(2), pp.171-188.
Savage, M., Storkholm, M. H., Mazzocato, P., & Savage, C. (2018). Effective physician leaders: an appreciative inquiry into their qualities, capabilities and learning approaches. BMJ Leader, 2(3), 95-102.
Saywitz, K. J., Larson, R. P., Hobbs, S. D., & Wells, C. R. (2015). Developing rapport with children in forensic interviews: Systematic review of experimental research. Behavioral sciences & the law, 33(4), 372-389.
Todorovi?, M. L., Petrovi?, D. ?., Mihi?, M. M., Obradovi?, V. L., & Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), 772-783.