Oversight Of Project Management
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The document outlines the importance of project governance, emphasizing effective oversight, resource allocation, and communication to mitigate issues and enhance project performance. It discusses various factors contributing to poor governance, such as budget shortages and lack of skilled employees, and suggests methods to improve the situation through regular meetings, employee motivation, and clear guidelines. Additionally, it highlights the consequences of improper governance, such as monetary loss and decreased motivation, and calls for implementing modern technologies and strategies for better project management.
Oversight Of Project Management
- 2. Introduction ● Asking questions to project workers ● Listening their problems ● Identification of all the shortcomings ● Taking decisions ● More budget or resource allocation 3 steps of project governance (Source: projectmanager, 2018)
- 3. Aims ● Understand timely needs of a project ● Mitigation of issues Work procedure of project governance (Source: Wills, 2016)
- 4. Discussion on the requirement of project governance ● Substitute plans ● Interruption free project ● Proper outcome of a project Structure of governance (Source: finance-ni, 2018)
- 5. Consequences of improper governance ● Huge monetary loss (Loch, Mähring & Sommer, 2018) ● Lack of motivation ● Hindrance to future recommendations Basics of project management (Source: Rosenberg, 2017)
- 6. Lack of budget and resources ● Shortage of resources ● Pause to a project ● Improper vision in base level employees ● Lack of budget ● Scarcity of skilled employees Questions of project governance (Source: Sirisomboonsuk et al. 2018)
- 7. Other issues ● Poor teamwork ● Communication issues ● Improper mission, vision (Sirisomboonsuk et al. 2018) ● Poorly set deadlines ● Employee turnover Structure of project management (Source: Sirisomboonsuk et al. 2018)
- 8. Ways of issue mitigation through supervision ● Survey on employees ● Weekly or monthly meeting with leaders (Stafford & Stapleton, 2018) ● Direct discussion with department heads for individual opinions Structure of governance (Source: Wills, 2016_
- 9. Importance of doubt clearing of workers ● Increase of efficiency ● Clear perception of a technology ● Practical demonstration can grow interest in workers Basics of project management (Source: Rosenberg, 2017)
- 10. Survey and meetings for proper governance ● Meeting with department head can identify specific flaw ● Identification of workers’ needs ● Identification of technical and financial needs Project map (Source: finance-ni, 2018)
- 11. Identification of improvement areas ● Efficient leaders ● Free communication among workers ● Developing clear mission, vision and goals ● Motivating employees by giving rewards ● Developing individual policies and setting regulations Organization structure (Source: Stafford & Stapleton, 2017)
- 12. Importance of setting alternate plans to complete a project ● Money saving plans ● Implementation of modern and updated technologies ● Hiring efficient employees Work procedure of project governance (Source: Wills, 2016)
- 13. Motivating the workers ● Providing rewards ● Extra pay for extra work ● Fixed weekly off ● Policies to make the employees more efficient Communication process (Source: Wills, 2016)
- 14. Identification of safety requirements ● Medical policies ● Updated systems and harness ● Clear terms and conditions ● Clear company policies Project structure (Source: Stafford & Stapleton, 2017)
- 15. Setting regulations and other policies for workers ● Clear guidelines ● Individual rules for all employees ● Same consequences for rule breaking ● Individual pay structure for equally qualified employees Governance structure (Source: Stafford & Stapleton, 2017)
- 16. Conclusion ● Proper monitoring ● Supplying required resources ● Guiding project workers ● Installing modern and updated technologies ● Setting individual rules and guidelines ● Project Management Assignments are being prepared by our management assignment help experts from top universities which let us to provide you a reliable total assignment help service. Business structure (Source: Wills, 2016)
- 17. Reference list • Lange, M., Page, G., & Cummins, V. (2018). Governance challenges of marine renewable energy developments in the US–Creating the enabling conditions for successful project development. Marine Policy, 90, 37-46. • Loch, C., Mähring, M., & Sommer, S. (2017). Supervising projects you don’t (fully) understand: Lessons for effective project governance by steering committees. California Management Review, 59(2), 45-67. • Rosenberg, J. (2017). More than a question of agency: Privatized project implementation, accountabilities, and global environmental governance. Review of Policy Research, 34(1), 10-30. • Sirisomboonsuk, P., Gu, V. C., Cao, R. Q., & Burns, J. R. (2018). Relationships between project governance and information technology governance and their impact on project performance. International Journal of Project Management, 36(2), 287-300. • Stafford, A., & Stapleton, P. (2017). Examining the Use of Corporate Governance Mechanisms in Public–Private Partnerships: Why Do They Not Deliver Public Accountability?. Australian Journal of Public Administration, 76(3), 378-391.
Editor's Notes
- #3: A project needs proper supervision to identify all sorts of flaws made by the project workers. Governance is also required to guide the workers in right direction and set alternate plans. Proper governance can identify such gaps and help a project to carry on its progress.
- #4: Oversight of project management needs highly qualified project managers who had the ability to understand its shortcomings.
- #5: As per the opinions of Lange, Page & Cummins (2018), it can be stated that a project on progress is assumed to face multiple issues.
- #6: There are a number of examples of flop projects, HP touchpad 2011, Amazon Fire Phone 2012 to name a few, improper governance is the main reason behind those big flops. It is true that huge amount of loss and employee turnover are the direct result of it. Additionally, it regulates the growth and creates a negative brand image of a company
- #7: These shortcomings can regulate the progress of a project.
- #8: Rosenberg (2017) opined that these issues can be solved by proper project governance. Employee turnover is a threat to a company itself as company losses efficient employees. Therefore, a project manager needs to satisfy their employees by supplying the items required by them.
- #9: Project heads can have overall knowledge with the help of this meetings and discussions.
- #10: Practical training can help workers work more efficiently.
- #11: Proper governance can be implemented only if proper communication between all the workers and management is possible.
- #12: Management committee of a project will be able to monitor and control the progress of a project in case these improvements can be brought to focus.
- #13: These governance plans will help to keep a project on progress in spite of any outside forces. It is true that the technologies can save huge amount of money and efficient workers can complete project within time.
- #14: Project managers of present time prefer monetary and nonmonetary rewards to motivate their employees and make them more involved. Low budget projects take non monetary rewards and give more weekly offs and security policies to them.
- #15: In the constructional projects employees mainly prefer medical policies proper installation of technologies. In other general projects, employees prefer, clear terms and conditions so that they can get their savings easily after the completion of a project.
- #16: These guidelines are helpful to regulate the rate of employee turnover and make get a number of satisfied employees.
- #17: It can be concluded that a project manager needs to employ a number of supervisors so that compact report of a project can be submitted to project head. In addition to this, needs of the employees need to be given more emphasis to increase the number of satisfied employees.