Essays on Managing Complex Projects Assignment

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The paper "Managing Complex Projects" is a wonderful example of an assignment on management. While investments are for the main purpose of generating profit to an individual or a conglomerate, various factors from within and outside the operational basis of a project must be considered. While there are many investment projects developed daily most of the end up with unfulfilled targets. Complex projects are different from the ordinary complex as they require more attention than the latter. This means that a thorough analysis is done before settling for a given complex project.

The complex project is also different in that in case of losses; the losses incurred are usually of a greater magnitude than the ordinary projects. The process of Project management involves putting into consideration factors that include; the input, the process itself, the output, and even the external attachments. All these factors are considered in line with the objectives of the project. The viability of the complex project will depend on these factors. A project will only be viable if the output is higher than the input. This demands a thorough analysis and estimation of the costs of imp0lewmentaion before embarking on the project.

Investment projects will involve processes which are; Project initiation stage In the project initiation stage, deliberations are made on how the projects will be set out. This involves the clear definition of the roles that the stakeholders and the project team are to play in the project. This phase is an inclusive one that needs assembling of views before getting down on the project. Complex projects usually contributions to all stakeholders at such a stage. This enables the stakeholders to have a wide abstract framework so that they may be able to follow up on the project effectively during implementation (Salaman 2005, p.

56-59). Objective analysis Once the definition of the role of the various players is done, the overall aim of the project is reviewed. This review is done by trying to figure out the prospects of the project by using analytic criteria such as the SWOT analysis.  

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