Essays on Project Management Assignment

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Project Management Introduction 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 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. ” A 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. Case Study The Wembley National Stadium project involves the construction a new national stadium within the time window of 1999 to 2002. This project is an advancement of the already existing Wembley Plc. to a new stadium on England for football, rugby and partly athletics. The English Sports Council came up with an initiative to develop an English National Stadium in November 1994.

In 1996, the English Sports Council (Sport England) confirmed Wembley to be the site for the proposed national stadium. The project was to be implemented by The English National Trust (ENST) which later became The English National Stadium Development Company Ltd (ENSDC). ENSDC became Wembley National Stadium Limited (WNSL) in 1999. The initial cost of building the stadium was set at £120 million which was provided through the Lottery grant. Between 1996 and 1999, £3.2 million was spent on the initial design work and the expenses that were incurred during the negotiation of the purchase of the old Wembley stadium business.

The project was initiated in July 1999. The contractor decided that athletics would not be a part of the new stadium. This required the Football Association (FA) to refund the £20 of the Lottery grant that had been offered to Sport England. Contractactual problems later erupted which resulted in a court battle between WNSL, FA and Sport England. The project was reviewed in 2001 under the directive of The Secretary of State after FA proposed a partnership with the government on the project, which would include a £150 million financial assistance.

The review led to suggestions of a design revision. The Secretary of State also decided that the athletics events would still part of the project. Later there were changes on the number of seats in the stadium. The initial approach was to use the private sector to fund the project which failed, the request to the government also failed which resulted to revision of the design and it excluded visitor attraction, hotel and office accommodation.

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