Project management Essay Example | Topics and Well Written Essays - 500 words - 4

Project management - Essay Example Through technology, various tools have been invented in the area of management which facilitates projects that would see business improvement (Madura 2006). Some of these tools include, but not limited to, Gantt charts, network analysis, part charts, budget profiling among others. These tools help different organizations to improve their businesses in different ways. For example, they help in organization of events. Generally, an organizational plan is a list of what will be done and in what way for a specified period of time (Lamb et al 2008). Organizational structures enable reporting and task distribution to be created using organizational units like departments. Project management tools help in risk management plan. They tie together all components of risk management into a functional whole (Bausch & Schwenker 2009). These components include risk identification, risk analysis and risk mitigation. For a project to achieve its desired goals, there is a need for organization and cooperation. In terms of the quality assurance of a project, there is a need to build a team for the vision (Bausch & Schwenker 2009). A team can only be well organized if the project manager incorporates the project management tools in the designing process. This team is composed of key players who have expert knowledge on the financial, legal, operational, and marketing sectors (Lock 2007). The marketing experts play the key role of evaluating the best markets for the companies’ products (Anselmo 2010). When the management team employs project management tools in their project, the operation experts are able to facilitate operation and handling issues of techn ology, which may form part of the project. In order to complete the current project successfully, the following assessment criteria would be applied. First, it will be important to identify competent personnel that will be mandated to undertake the project. Then, a project plan will be