Learning Goal: I’m working on a business exercise and need guidance to help me learn.
When an organization embarks on a special project, generally, the first task is to define what the project objective will be as it relates to expected deliverables. This task is usually accomplished fairly quickly by initial stakeholders; they include operations managers and other staff interested in the benefit the project deliverables will bring to the operation. Problems generally begin to arise when the project has been approved and the process of defining how to create the project deliverable, what costs will be associated, what resources will be required, and how to schedule these resources for a special project in addition to their normal daily tasks must be considered. Projects have to be structured and managed, maintaining a balance between utilizing the organization’s resources for daily operations and for required tasks to complete work activities on a project.
What are the challenges in trying to balance operational work along with project work?
What are examples of possible justification criteria in selecting projects?
What role does governance play in project management?