CORE SKILLS REPORT Essay

Submitted By nurgi086
Words: 6730
Pages: 27

Title: What is project management?

Nurgissa Zhumagulov
Finance and Core Skills
2630.101.2014

Executive summary
The purpose of this report is to attempt to explain what the project management means. The structure of project management and its implementation in small- and large-scale industries are discussed. Moreover, the comparative analysis has been conducted between traditional project management approach and above mentioned industries.
The purpose of the report is to make an endeavour to grasp reader’s attention and explain a definition of project management. Nowadays a significant proportion of enterprises in developed countries apply a project management concept as a successful factor of business. However, to a certain extent the level of usage of project management is unknown and vague. Thus, there is some contribution have been done in context of defining of major essence of project management and revealing his implementation in various industries by size.
Consequently, there have been presented some results and findings which are considerable. There are significant number of authors’ works and researches have been studied here and applied as a basis. Basically, there have been regarded aThe project management system of large-scale and small-medium sized enterprises (hereinafter - SMEs) by industries, i.e. such as hi-tech, lo-tech, service and the constructiondevelopment of power plant are observed. By comparing them it has been found that to a greater or lesser extent these enterprises share common features with traditional project management components such as clear aims, coherent objectives, methods of managing risk, resource allocation, project planning, execution and controlling.
Based on empirical research the paper demonstrates that the level of implementation of project management in SMEs much less than in larger ones. Moreover, it can be seen that the SMEs apply such kinds of project management tools as MS Project, Gantt Charts, Project Control, Project teams, Earned value, Project plans, CPM and Stage gate. So, the most interesting fact which have been found here is that the SMEs use project management much less than large-scale enterprises. The latter one’s method of implementation is more bureaucratic and sophisticated which is inappropriate to the SMEs. Nevertheless, it have been revealed, that these enterprises to far or less extent have common components of project management, i.e. have clear aims, coherent objectives, methods of managing risk, resource allocation, project planning, execution and controlling.
It is undoubtedly that this report have an essential consequences for future practice in terms of using it by young people, particularly by novice businessman. Furthermore, the report would be a short collection of descriptive and empirical researches including differences and commons of project management by industries. Overall Tthe findings of this study have a number of important implications could be considered as necessary for future practice, however it require further thorough research based on survey of considerable amount of companies.rch. Besides, this information could be used to introduce and lead the novice businessmean in order to be aware regardingof differences and commons of project management system in various industries. Moreover, it contains a statistical business information of enterprises related to economy indexes. Finally, iIt is convenient to use, because it has been designed as a short collection of descriptive and empirical research.es of diverse authors.

Content list

1. Introduction
2. Literature review
2.1 Project management throughout the history
2.1.1 Project management in large scale enterprises
2.2 Project management in small-scale enterprises

3. Methodology
4. Results and discussion
5. Conclusion
6. Recommendation

Contents list
1. Introduction 13
2. Literature review 13
2.1 Project…