Project management yara2 Essay Example | Topics and Well Written Essays - 500 words

Project management yara2 - Essay Example From the fact that resources will always remain limited, managers are required to manage the limited resources using systematic ideas, effective methods and theories and good setting of standards to ensure the project succeeds without unnecessary expenditures. Most project managers whose projects have failed can be traced to the poor interpretation of resource availability. It is on this point that the project managers are required to involve all round resource management skills to avoid failing vital company products. An all-round resource management in this case includes both financial and human capital. The elements needed for effective project management under the limited resources include the ability of the managers to plan, organize, direct, coordinate, control and evaluation of the whole process. These elements are always expected to form a key part of any project at the starting point. Knowing or noting the importance of these elements during project is not enough to steer th e project towards success. Leadership traits and practical aspects of the project management must take center stage. A number of projects have failed despite the availability of resources due poor leadership. One of the elements of project management leadership is involvement of all and accurate communication. Good project management must involve a gradual process of introduction of any new items or changes. This study will focus on good project management from leadership to the practical point (Meredith and Mantel, 2012). Organizations and individual managers have experienced a series of project failures. These failures can be traced to poor management within the organization and the project team. The difference between successful and failed projects has been pointed out to be the management aspect. Successful project management as portrayed by this study requires effective management from the