The paper “ Project Risk Management - Processes, Techniques, and Insights” is a breathtaking example of the assignment on management. How well do you understand Project Management Process and what documentation you will provide? Describe the Generic Process, why you will produce, and for what you need to produce it? The project management process is about helping organizations to grow in the scale and scope of productivity. It will involve having knowledge in the practice of management and the processes or methodologies (Caroll, 2012). For example, one of the ways an organization can do this is by continuing to focus its efforts towards projects that determine a project portfolio as a whole.
The process will involve different phases that are important to a manager; they help ensure that the organization delivers at the end of each managerial process. In this way, the team managers of a project are able to go to the next phase. The key generic processes however are phase management, which defines above, planning, control, team management, communication, procurement, and integration. The phase stage involves five important areas which are the project strategy and business care, preparation, design, development and testing, training and business readiness, support and benefits, and closure of the project (Weiss and Wysocki, 1992).
Strategizing is usually the first phase of the project management process. It involves defining the overall requirement of the project. It will also lay down the foundation of the project and ways in which this can be approach and the methodologies by which the process will address the main issues of the project. During the strategizing meeting, it will be important to mention the timeline of the project, the budget, and define the team that will be involved in the process.
One should make sure that all issues care reviewed repeatedly to the end of the project. The second phase which is preparation will bring all the stakeholders to the project in order to present and produce the detailed plans at each of the project phases. By doing these each stakeholder is able to own the project and understand his or her responsibility.
Caroll, J. (2012) Agile Project Management in Easy Steps, In Easy Steps Limited.
Chapman, C. and Ward, S. (2003) Project Risk Management: Processes, Techniques and Insights, Wiley; 2 edition.
Snabe, J.H., Rosenberg, A., Møller, C. and Scavillo, M. (2008) Business Process Management - the SAP Roadmap, SAP PRESS; 1 edition.
Weiss, J. and Wysocki, R. (1992) Five-phase Project Management: A Practical Planning And implementation guide, Basic Books.