INF410 FINAL A plus

Aug 18th, 2016
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Final Paper The final six to eight page paper must demonstrate understanding of new learning in the field of project management. It is mandatory to have research from the classroom text, as well as two sources from the internet or online library to support your views. It is recommended to use examples from your professional experience where possible, or build from your learning in the discussion boards. (Suggestion: use at least one project of which you have been either a team member or a project manager as an example to describe the topics below): The following topics must be reviewed in order for the paper to be complete: Define project management and explain its importance to the business world. Explain project life-cycle management and the benefits of project management to an organization. Explain the concepts of planning in the project life-cycle and how research and critical thinking is mandatory in planning. Explain project organizations and the importance of leadership a

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Answer 1: Project Management and Its Importance to Business WorldProject management can be defined as the process of planning and organizing theresources and capabilities of the business organizations so that employee can be motivated andcontrolled to achieve specific goals and objectives (Schwalbe, 2010). In simple term, projects aretemporary attempt of business firms that defines beginning, goals, and a time limit to finish theproject.In a project management, manager uses permanent, semi permanent and repeatedactivities and instructions, so that the unique goals can be attained with available resources andfacilities (Hossenlopp, 2010). Project management also includes application of knowledge andskills, so that it can be started and finished in a proficient manner. A project management processincludes different activities such as, key start and end dates, strategic goals and objectives,evaluating assumptions, measuring risk, implanting risk mitigation techniques, evaluating keyconstraints and restrictions, etc. (Kerzner, 2009).In the present business environment, project management has become a significant partof the business world. Project management is a vital part of the business organization, as itmakes possible to translate the strategies and tactic into suitable actions, as well as goals andactions into realities (Fewings, 2012). In addition, It is important for the business world becauseis a synergistic session, which helps the individuals and groups

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