Project Management Issue Report Research Paper Example | Topics and Well Written Essays - 1500 words

Project Management Issue Report - Research Paper sampleSuch considerably key out the framework to understand the business operational focusing taking into account some policies, strategies, quality fancy, monitoring and employees evaluation or appraisal which are crucial in managing unified systems. As a mechanism, it involves budgeting, economic valuing and usage of balance scorecard (Otley, 2002). Thus, it necessitates disciplined decision-makings to advance the performance of an ecesis driven by motivation, business policies and corporate mental imagery or goals. Usually, project outcomes of the business corporations are careful by assessing goals or objectives against with key result areas (KRAs). As to its essence in adult male resource management (HRM), project managers seriously delve on organizational structures to ensure that systems can operationalize and integrate plans by optimizing sought after technical skills from humane resources hence, project management ex perts should nurture value-system and takes direction through clear vision and mission as common direction where all undertakings are geared (Ilies, Crisan & Muresan, 2010). Organizational managers however vox populi that for this to be effective and for employers to be proficient, they need to be clarified about the nature of their contracts with mutual trusts and watertight commitments. PM and Governance Moreover, project management is a system that is sensitive too to corporate regulations and policies. As part of corporate policy, the management should have distinct and warlike policy in the administration, in human resource management, and in extolling policies which secure customer satisfaction by optimizing unrivalled quality service, developing competitive products pricing, exercising corporate ethics and solid teamwork of employees with management (Dransfield, 2000, p. 70). In so doing, its crucial for managers to edge leadership by managing the community from the vant age of its objectives. Managers are also imbued with knowledge on quality control to ensure that there is complete integration, time management, cost efficiency, open communications, systematized procurement and scheme for risk moderateness (Nastase, Tapurica & Tache, 2010). The quality control also includes standardization of working environment, its products and its operational systems. Managing the project well contribute and auger well to the national economy. Such meant illustrating necessary skills for comprehensive planning, organizing, directing and controlling the financial, technical and resources. Hence, its controlling to systematize relations, production, marketing and maintenance to ascertain sustainability. Managers ought to ascertain their strength, weaknesses, opportunities and threats (SWOT) and regularly suffer political, economic, social, technical, environmental and legal (PESTEL) analysis. The company must invest more to boost strengths and opportunities as well as strategize ways to deal with threats and weaknesses. The conduct of PESTEL analyses will enable strategic decisions to meet challenges and to craft responses on potential problems. It will also friend solidify its economic standing in relation to rapid changes of world economy. PM and Virtual Realities These old age corporations have virtual counter part in its operation