The paper "The Wembley National Stadium Project" is a perfect example of a case study on management. Organizations are involved in various projects, relatively small to big, which require a commitment of time and money in order to achieve expected outcomes. This calls for the application of skills and techniques in the process of managing the project. Project Management is described as “ the application of knowledge, skills, tools, and techniques to project activities to meet project requirements” . Tinnirello defines project management as the knowledge, techniques, and tools “ for controlling requirements, setting a realistic scope, creating feasible schedule, defining responsibilities, and managing expectations. ” Project management is described as successful when the project is completed within the time stipulated, within the set budget and meets the specified performance levels and delivers to the satisfaction of the client.
This process is used to predict of foresee the problems and dangers of a project. Therefore project management involves planning, organizing, and controlling activities so that projects are delivered successfully regardless of all the risks involved. The work of project management starts before the initiation of the work and before any resources are committed and it continues until the project objectives are met.
The project manager’ s primary objective is to deliver a project that satisfies the “ the project sponsor and all the other principal stakeholders, within the promised timescale and without using more money and other resources than those that were originally budgeted. ” This paper critically assesses the project management process; initiating, planning, implementation, monitoring, control, and closure and appraises the applied managerial skills that are important to effective and efficient project management. It also evaluates the personal qualities and attributes required of a project manager.
This assessment uses the Wembley National Stadium’ s project as a case study. It will provide an analysis of the project management method used, its successes and failures. Finally, it offers recommendations using Prince2 as a model.
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Tinnirello, P. C., 2000, Project management, New York: Auerbach