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MGT 437 Week 1 Individual Assignment - Project Management Paper

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Running head: Project Management Paper
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Project Management Paper
MGT/437
March 22, 2010
Patricia Dues

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Project Management Paper 2
Project Management Paper
A project can be a wide variety of activities. According to Kerzner, 2006, a project can be
considered to be any series of activities and tasks that have a specific objective to be completed
within certain specifications, has defined start and end dates, has funding limits (if applicable),
consume human and nonhuman resources (i.e., money, people, equipment), and are
multifunctional (i.e., cut across several functional lines) (p. 2). Remodeling a home,
restructuring an organization, opening an additional business location, purchasing new
equipment, etc are all considered projects. Each of these projects will have an objective, defined
start and ending dates, funding limits, consume resources, and are multifunctional.
Project management is, “…the planning, organizing, directing, and controlling of
company resources for a relatively short-term objective that has been established to complete
specific goals and objectives” (Kerzner, 2006, p. 4). Planning, organizing, directing, and
controlling recourses during a remodeling of a home is project management. First, you must
plan; laying out the desired outcome, project start and end dates, materials, projected costs.
Second, organize the materials and labor; the delivery and installation of any materials, along
with any necessary labor force. Third, direct the project; assuring that the project is according
to plan, within budget, and within start and ending dates. Project management is necessary
when undertaking most any project, regardless if it is a large organization project, or a small
home remodeling.
Phases of the Project Lifecycle and Their Purposes
According to Kerzner, 2006, there are five basic phases of the project lifecycle;
Embryonic Phase, Executive Management Acceptance Phase, Line Management Acceptance
Phase, Growth Phase, and Maturity Phase. The project lifecycle is like a ladder, in that each
step must be taken in order to reach the top, or ending result.

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