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    Graded Exercise 3

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    raviame09
    Senior management insists that an organization have a project methodology for three key reasons: 1. To provide a consistent framework that is accepted and used for project management across the company to improve communication, cooperation, and project outcomes. 2. To provide guidance on the appropriate level of detail needed for project planning, implementation, and monitoring since projects vary in size and scope. 3. To establish standard techniques for crucial project management tasks like planning, scheduling, and cost control to help the organization achieve its goals efficiently.

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    Graded Exercise 3

    Uploaded by

    raviame09
    27 views4 pages
    Senior management insists that an organization have a project methodology for three key reasons: 1. To provide a consistent framework that is accepted and used for project management across the company to improve communication, cooperation, and project outcomes. 2. To provide guidance on the appropriate level of detail needed for project planning, implementation, and monitoring since projects vary in size and scope. 3. To establish standard techniques for crucial project management tasks like planning, scheduling, and cost control to help the organization achieve its goals efficiently.

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    Conestoga- Project Management - Advance Planning and control

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    Senior management insists that an organization have a project methodology for three key reasons: 1. To provide a consistent framework that is accepted and used for project management across the company to improve communication, cooperation, and project outcomes. 2. To provide guidance on the appropriate level of detail needed for project planning, implementation, and monitoring since projects vary in size and scope. 3. To establish standard techniques for crucial project management tasks like planning, scheduling, and cost control to help the organization achieve its goals efficiently.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views4 pages

    Graded Exercise 3

    Uploaded by

    raviame09
    Senior management insists that an organization have a project methodology for three key reasons: 1. To provide a consistent framework that is accepted and used for project management across the company to improve communication, cooperation, and project outcomes. 2. To provide guidance on the appropriate level of detail needed for project planning, implementation, and monitoring since projects vary in size and scope. 3. To establish standard techniques for crucial project management tasks like planning, scheduling, and cost control to help the organization achieve its goals efficiently.

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    1

    Graded Exercise 3

    Ravindranath Chowdhary Kanuri (8873647)

    Project Management-1298, Conestoga College

    MGMT8400 – Sec 24 Advance Project Planning and Control

    Sawsah LawLa

    June 11, 2023


    2

    The two types of appropriate methodologies used by the company are: -


    a. Highly flexible, focused on guidelines, forms, checklists, and templates.
    b. Less flexible methodology with rigid policies and procedures in place.

    The reasons that senior management would insist that the organization have a project
    methodology in place are: -

    1. Accepted and used throughout the company:


    One of the main reasons senior management would insist on a project methodology is
    to provide a consistent and approved framework for project management practices
    throughout the organization. Senior management ensures that project teams and
    stakeholders have similar knowledge and understanding of how projects should be
    carried out by applying a standardized approach. This uniformity promotes effective
    communication, cooperation, and information exchange among project teams, boosting
    project outcomes.
    Project methodology enhances productivity and minimizes the learning curve for new
    team members joining projects. When project managers and team members are
    acquainted with the approach, they can quickly adapt to new projects and use their
    talents and knowledge within a familiar framework. Developing a generally accepted
    methodology may speed project execution, reduce inconsistencies, and improve overall
    project performance.

    2. Recommended or Guidance on the Level of Detail Necessary:


    A project methodology may be required by senior management to give direction on the
    right amount of detail necessary for project planning, implementation, and monitoring.
    Projects vary in size, complexity, and scope, so striking the correct balance in recording
    project information is critical. Too little information might lead to missed duties or
    hazards, while too much detail can hold back productivity and add unneeded
    administrative work.
    A well-defined project methodology specifies or recommends degrees of depth for
    project documentation, planning, and reporting. This guideline assists project teams in
    determining the amount of information required for each project area, such as work
    breakdown structure, risk management, or communication planning. Senior
    management ensures that initiatives are effectively planned, tracked, and managed by
    making explicit recommendations.
    3

    3. Standard Techniques for Planning, Scheduling, and Cost Control:


    Using this project methodology, senior management may use standardized methods for
    crucial project management tasks, including planning, scheduling, and cost control.
    These processes are essential for achieving organizational goals.
    A project methodology often consists of standardized procedures, instruments, and
    templates for planning tasks such as defining the project's scope, establishing goals,
    locating milestones, and calculating resource needs. It offers a systematic approach to
    creating project schedules, using tools like dependency management, critical route
    analysis, and resource leveling. To ensure consistency and accuracy in project budget
    management, the methodology may provide cost estimating, tracking, and control
    techniques-cost estimating, tracking, and power.

    In conclusion, senior management insists on having a project methodology to provide


    an acknowledged and shared framework for project management practices, give
    standard approaches for planning, scheduling, and cost control, and provide direction
    on the right degree of detail. Senior management can track project status, allocate
    resources wisely, manage risks, and make defensible choices based on accurate
    project data. These factors encourage efficient project execution, promote
    communication and teamwork and give senior management the information they need
    to decide wisely and guarantee project success.
    4

    References
    Bartte, D. (2023). Conestogadesire2learn. Retrieved from Project Methodologies:
    https://conestoga.desire2learn.com/d2l/le/content/764167/viewContent/16540872/View

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