a Discuss the principal reasons why project management has b

a. Discuss the principal reasons why project management has become such a popular business tool in recent years. (250 words)

b. Suppose that you are in charge of a production line. What is expected of you as a process manager? Now suppose that you are assigned the task of making a radical change to the production process. What then would be expected of you as a project manager? (250 word)

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Solution

a. Project management has become one of the most popular business tool nowadays. Dynamic business environment, rapid change in market demand, huge market competition, and pressure to provide innovative products at faster rate along with low cost are some of the factors that influence the companies towards adaption of project management tool. This tool allows the business to integrate their internal and external work processes and information. It helps them to respond more quickly to the market requirements. Project management tool allows organization to focus on its core competency rather than spending this time on other activities that can be handled by this tool.

Project management tool also allows an organization to keep track of the activities from beginning to end of the project. Hence, it helps in better tracking and monitoring that ultimately results in achieving quality output. In addition to it, this tool also enables an organization in addressing several concerns like modification of operations and work practices, addressing the change in clients’ request, change in requirement and sourcing of resources, etc. It allows better horizontal as well as vertical communication. Besides, it also helps in increasing the efficiency of the operational processes hence providing a low cost structure. Project management tools also enables an organization to complete the task at a faster pace as compared with the traditional methods.

b. As the process manager of a production line, one needs to make sure that the routine activities are completed smoothly and the organization is able to produce the expected quantity of product. A process manager is expected to focus on the completion of basic production activities of the firm and meet the daily production quota.

If an individual is assigned to making radical change in the production process as a project manager, then he/she needs to make sure that the change takes place without any significant impact on the production quantity, quality and cost of production. The project manager needs to do a detailed analysis of the process, steps involved in the suggested change in the process, and its likely impact on the process. Besides, he needs to communicate the same to the employees and assist in their training and development. In addition to it, the project manager would be responsible for marinating a balance between achieving efficiency and productivity, and cost savings.