The paper 'The Effectiveness of Risk Management' is a great example of a Management Assignment. Project planning involves the different technical approaches that are necessary for the completion of a project. As a component of project management, project planning is able to define the sequence of events that are involved in the management of the project from its initial stages to the final stages. This means that planning process also incorporates the estimation of human resource that is required in completion of the project as well as the estimation of the costs that would see the project into completion.
From the different readings, it is evident that the project planning process is crucial in ensuring g that a project is successful and is able to generate the expected income with the stipulated period. This implies that the performance of a project after completion is dependent on the planning process which is part of project management process. This report suggests that poor planning of a project would mean poor project management which will render the project non-profitable. Different models have been used in the project planning processes.
Hence, proper model analysis is a project planning ensures the success of a project. Additionally, integration of project planning in an institution is crucial in ensuring the success of a project. Hence, the readings have also presented the roles of integration of different project in the planning process. This paper has discussed the general overview of the project planning process and the components of the planning process as per the selected articles. In this report, risk management analysis, the scope of the project and pre-project planning are discussed as the fundamentals of the project planning process (Chen et al. , 2013, p.
685). Introduction Project management tools and techniques are employed in both the private sector and the public sector in management projects (Wang, & Gibson, 2010, p. 342). Project planning is crucial in ensuring that the events and resources required for the completion of a project are available at the right time. Project planning involves the different technical approaches that are necessary for the completion of a project. The project planning process is crucial in ensuring g that a project is successful and is able to generate the expected income with the stipulated period.
This implies that the performance of a project after completion is dependent on the planning process which is part of the project management process. In order to properly plan for a project, there is the need for an individual planner to have the necessary project management skills that are necessary for proper identification of component requirements in the planning of a particular project (Zwikael & Ahn, 2011, p. 25). This implies that in order to manage a project properly managers should carry out a proper investigation and gather the necessary information related to the project.
This is crucial in the evaluation of the factors that are likely to affect the success of the project. Therefore, this report focuses on the project planning process and the risk management aspects of the planning process in order to properly manage a project in a business organization. Overview Project planning process
Chen, C., Liu, H., & Song, J., 2013. Integrated projects planning in IS departments: A multi-period multi-project selection and assignment approach with a computerized implementation. European Journal of Operational Research, vol. 29, no. 3, pp. 683-694.
Giezen, M., 2010. Keeping it simple? A case study into the advantages and disadvantages of reducing complexity in mega project planning. International Journal of Project Management, vol. 30, no. 7, pp. 781-790.
Wang, Y., & Gibson, G., 2010. A study of pre-project planning and project success using ANNs and regression models. Automation in Construction, vol. 19, no. 3, pp. 341-346.
Zwikael, O., & Ahn, M., 2011. The Effectiveness of Risk Management: An Analysis of Project Risk Planning Across Industries and Countries. Risk Analysis, Vol. 31, no. 1, pp. 25-37.