BU7764 Strategic Project Management Assignment Sample
Introduction
This specific assignment is mainly discussed in detail the whitebread world sailboat race project. “This whitebread world sailboat race is run worldwide as the ninth month race.” This whitebread world sailboat race was seen to be held for almost after four years at the beginning of the late 1970s, and this race is conducted all over the world.
And Bjorn Ericksen was given all the responsibility to manage the whitebread world sailboat race and the country’s crew. The steering has helped to develop the design skills by adopting adequate planning in this type of design. Also, it has helped to incorporate the development of the ship by adopting a variety of plans by demonstrating expertise in a kind of design.
It has been able to implement this project by adopting a variety of approaches as a comprehensive system. Also, Ericsson was also giving a wide range of responsibilities so that he could provide a definite idea of the budget for this particular project. Ericsson was also responsible for forming a special crew to compete effectively with rivals.
There are also several quandaries that arise during the project selection as well as budgetary control. It’s indeed obvious because program speeding is generally caused mainly by the expense of expending more than just the greatest extent of realization. It also is related to concerns about jeopardizing the budget and schedule.
To effectively realize the project’s goals and also for the changes made to be efficient, it’s indeed critical that almost all program employees are involved in the adjustments implemented so that everyone could also provide feedback mostly on modifications. The scope of determining the ideal timeline is more toward the completion of the work, whether under normal circumstances but the kind of operations that collapse necessitates the calculation of expenditures here to the bare minimum.
A study of operations that are distinct but still have comparable development needs is critical in determining what projects could be rushed and must be considered.
The activities that are perceived to produce the most significant outcomes, as well as solutions, as well as solutions were therefore prioritized in order to maintain the requisite degree of the program committee. Nonetheless, the scope of the decision is equally important within the eventual conclusion of such activities to be completed. For example, the advantages of interrupting small activities are negligible.
Therefore, the one and only approach to establishing an effective crushing program are to ensure that the inconsequential valued crash system testing has already been calculated correctly in order to achieve the project’s most significant returns. It also discussed in detail what kind of environment is needed to create such a specific project. Also, the particular mission and vision of this whitebread world sailboat race project are discussed in detail below. And the project managers have shown what kind of difficulties they have to face in creating this project. And how to solve such problems through planning is discussed in detail below.
Discussion
Critically access the Project Environment
A production environment includes all of the different factors which influence project operations. These would be various factors that could affect business development’s timeline, finance, team spirit, and more.
The program manager should comprehend the construction schedule and take other measures to handle the elements that can influence the system. Within this sense, it is indeed similar to risk management. Consider the environmental factor to be the setting wherein the business occurs. There seems to be an ancient adage stating, “context is almost everything.”
Every program manager believes those who will not need extra information will learn it the hard way (Paul makes et al., 2021).http://BU7764 Strategic Project Management Assignment Sample It is entirely automatic to specify an organization’s goal, structure, money, and timeline while administering it, but consumers frequently overlook the construction project ecosystem. Users have it at thier risk.
There are several forces at work that users should recognize and control to complete the job correctly. The business atmosphere is essential. Here is where the software program might come in handy. Project Management seems to be a platform solution that makes it possible to create an infinite volume of information and photos.
In this project, “Whitbread World Sailboat Race Project,” While possessing a well-described set of goals and objectives, job scope, money, and timeline are critical to preparing, executing, and effectively overseeing projects. If indeed, the project managing staff does not correctly grasp their construction schedule and the environment, the experiment would almost certainly fail. Management should be able to see the importance of climate change to identify the strategic capacity reaction (Bushuyev et al., 2021). The essence of environmental changes is associated with multiple aspects: “stability, sophistication, shortage of resources, and uncertainty.”
Even in generally stable contexts, environmental influences could affect the project planning. Programs would stand or fall essential for project leadership’s authority to develop the full utilization of the accessible, including finance to technologies to employees.
Critical Elements of the Project Environment
Organization Culture: The organization’s culture influences how the operation is managed. These would be the multiple strategies that specify when procedures are being implemented to meet the organization’s objectives and hence the development’s internal dynamics. Furthermore, the corporate culture influences how employees accomplish the project objectives.
Physical Environment: The physical environment is another crucial aspect. These cover everything from the local climate to the landscape features, access limits, electricity, municipal availability of services, personnel, materials, and multiple conditions (Sabiniet al., 2021). Again, these would be external issues because they are beyond the company’s control.
Political Environment Factors: The political climate in which the operation is being carried out might influence how the development team communicates among participants. Cheating, regional and national policy disparities, shifts in political control or authority, and other criminal actions could be at work. There are already cultural as well as religious considerations. Since staff arrangements in employee assistance, vacations, effective work times, including security problems, could vary any project management plan.
Other Environmental Factors: Commercial circumstances, which are constantly developing, also are examples of external factors (Bondar et al., 2021). Based on the financial situation, the company may not finance the development. There may be a shortage of both people and physical assets. Do not overlook the development’s participants. Recognizing issues is perhaps one of the more significant components of project management. Understand personal expertise, the environment from which employees came, the organization where they operate, their tolerance for risk, objectives, and so on.
Vision, Objective, and Strategic Direction of the Project
In this project, “Whitbread World Sailboat Race Project,” A strategic vision describes the strategy that must be executed for the private firm to develop toward its vision and achieve its objectives. It guarantees that ownership and workers could express appreciation value of workers’ labor, including overall participation in achieving corporate goals. Effective strategic managers, such as are distinguished by a wide range of talents and competencies.
Objectives seem to be broad expressions of intent that serve as a link between our vision and overall periodic strategy and objectives (Miftarevićet al., 2021). Strategic goals are also sometimes referred to as “micro vision and mission statements” since these must complement our overarching vision for the future while breaking it down into achievable and practical emphasis groups. Another of them must be the capacity to motivate workers to perform in an attempt to optimize the firm’s success.
Successful strategic communicators can persuade staff to adopt aspirational goals and propel the firm ahead. This strategy has been included in the institution’s annual Corporate Planning Cycle during Planning and Evaluation Dialogue and several additional community activities. On the other hand, poor, successful organizations fail to unite their team and redirect the combined energy into a constructive, concentrated purpose.
In this project, “Whitbread World Sailboat Race Project,” Vision statements and similar strategic plans aid in describing the organization’s goals. Professional conduct is guided by vision and mission statements, which also serve as sources of motivation. Strategy implementation might necessitate a marketing approach that might contain a compelling vision to encourage customers to collaborate well with the company.
The vision statement seems to be a taste of optimistic things to come. This outlines a firm’s inspiring, great goal to whatever they’ll be capable of doing, who they should assist, and how the organization would be viewed as a result. It’s frequently out of reach for the time being, but just not far out of touch that it’s unachievable (Trzeciaket al., 2021). The vision and mission inform everybody about what they’ve been concentrating upon.
Any successful transformation would include expressing and reinforcing purpose and vision statements that allow clients to avoid getting disheartened in the face of minor setbacks along the route. Leadership must emphasize the comprehensive project’s merits and include key stakeholders in the development. Educating colleagues as well as volunteering would assist individuals in recognizing and understanding owning the transformation. Teamwork additionally helps in providing additional thoughts to identify possible pitfalls.
Strategic Decision in the Delivery of the Project
The project delivery plan provides a way for completing our operation. This strategy directs the process throughout its many aspects. This outlines all or most of the measures we’ll take to guarantee that perhaps the work is executed on schedule, under-budgeted, and towards the quality of the service (Nikmehret al., 2021). The Institute of Nottinghamshire Vision is connected with Strategy Delivery Objectives, outlining principles, objectives, and facilitators, including sectional concerns, which would be addressed.
We created that to guarantee ensuring our approach is a daily reality. This strategy has been included in the institution’s annual Corporate Planning Cycle during Planning and Evaluation Dialogue and several additional community activities. Management decision has become a necessary talent for strong leaders.
The consequences of such a leader’s decisions substantially influence workers, clients, the competition, and, eventually, the organization’s performance. Cultivating any such talent needs information, expertise, and instinct. This also necessitates a method to aid in the problem identification and the selection of the best way to proceed.
In this project, “Whitbread World Sailboat Race Project,” To be effective with the overall project delivery plan, we should examine the following factors: the structure of such mission, the overall quality of such program’s assets, and the contribution to the organization.
The project’s composition is crucial since it assists users in identifying whatever services are needed to finish it (Djemaiet al., 2021). The material requirements would be determined by various criteria, along with how successful the project would need, whether there would be technological, institutional, or geographical challenges along the way, etcetera. The type of essential resources for each operation would also help us determine even if there aren’t any dangers to the effectiveness of the process.
To guarantee thorough and total project development, learning should divide a program from various organizational angles. Establish all components of the construction effect to be managed at the Strategy, Calculative, Administrative, and Challenge stages. Stay updated on significant events, difficulties, and decisions made. Rotate around again and explore the Terrain—the development’s environment (Fedushkoet al., 2021).
Ultimately, navigating the program by technologies, nature of the project, and collaborators. Beginning Suppositions, objectives, knowledge, possibilities, hazards, implications, judgments, and solutions are all recorded in problem records. Identify the present issues, utilize the classifications to produce new problems, and keep such records up to date throughout the operation.
The aspect of this approach is equally critical since it influences whether we handle our projects. Whenever our organization hasn’t ever done a program like this before, it would be good to evaluate how well the organization may develop and successfully deliver such programs.
This thought might decrease hazards while increasing profits. When implementing management solutions, we also need to examine the impact on an organization (Tanaka et al., 2021). An integrated project strategy is a method for completing this activity. The credible resource is how well the program would be controlled, structured, and carried out. The project delivery plan is essential as it helps define how we should succeed in our program. Evaluate the overall scope of the subject, the structure of such materials necessary, and the impact on the organization in the overall strategy.
The problems of the project and solutions to the problems
With the help of the project, it is possible to manage the work properly easily. However, there are specific problems that arise when creating this whitebread world sailboat race project. Due to such issues, it is never possible to build a task correctly. However, in order to get rid of the problems of this type of whitebread world sailboat race project, some specific plans are adopted so that it is possible to get the solution to such issues quickly.
The biggest concern while creating such a project is poor planning (Sensiniet al., 2021).in the initial case, there are enough problems to determine the specific goals or objectives of the project. The project cannot meet its goals if the plans are not adopted adequately in creating a particular project. But if the project does not have such goals and objectives, there is considerable difficulty in adopting a specific plan.
In most cases, studies have shown that researchers have the most project-related problems when they can not meet their goals or purposes. Another problem is that budget constraints are significant factors in project development. In the case of such projects, usually, the budget increases at a substantial rate, which leads to considerable economic problems (Siyavizvaet al., 2021). In the case of project management, initial funding is made, but later it increases considerably.
Significant changes in the budget can be observed due to the increase in the amount of advertising expenditure for creating specific projects. Therefore such budget constraints and changes are pretty challenging in developing and delivering the projects. In addition, the lack of a communication system in creating a task causes a lot of problems in the smooth running of a project. The lack of such communication has hampered the progress of the project.
In addition, conflicts within the team create a substantial amount of problems in completing the project. In most cases, this conflict is usually caused by a lack of consensus on the project. Usually, when creating such projects do not agree with each other (Ismayilovaet al., 2021).
This caused a lot of conflict between the team members. In most cases, due to misunderstandings within the team and lack of communication, such conflicts create considerable barriers to project creation. Work productivity is also severely hampered by differences in the skills of some of the team members. Unskilled team members increase the chances of the project even failing. In addition, time management poses a significant problem when creating a project (Hairet al., 2021).
In most cases, it is seen that due to the unrealistic time frame of the project, there is a lot of difficulty in creating the project on time. So creating a project in a short period of time puts a lot of pressure on the members, which significantly reduces the quality of the project (Stanitsaset al., 2021). Many times, vague project requirements create considerable difficulty in completing a project. Therefore, such incomplete conditions delay the start of the project considerably, thus increasing the chances of missing the deadline. It is often impossible to build projects properly due to a lack of leadership in creating projects.
Various solutions should be taken to get rid of such problems of the whitebread world sailboat race project. Advance planning always enables a project to get on track. The most important thing when creating a project is to know the goals and objectives of the project. These types of projects will be able to easily make their goals and objectives by creating different kinds of innovative and straightforward ways to set specific goals and objectives.
Therefore, in setting up a project, some dreams and goals should be formatted, which are easy to implement. In order to get rid of such budget problems, first of all, we need to make a budget plan throughout the project. And with the help of a budget tracker, we can quickly get an idea of what kind of cost potential is from the project and budget accordingly.
This will make it possible for the project to avoid additional costs through such budget-making (Barendsenet al., 2021). Also, it will be possible to easily communicate with each other by creating different types of project management software to build better communication systems in project making. Thus being able to improve the communication system will easily enable the project to further its constructive response. By using this kind of software, it will be possible to easily update each other’s information which everyone will be able to know.
In addition, it is essential to take specific steps to address the conflicts that arise between the team members in creating such projects. Therefore, project managers should first and foremost bring transparency and solidarity to the team (Bjornenet al., 2021).
It is essential to adopt a variety of advanced plans to deal with the potential disruption of skills among team members as the project is disrupted to a considerable extent. This is why project management teams usually need to evaluate the work performance of their members. And through improved training systems, it will be possible for the principal members to be more efficient in their work.
Also, the problem that arises during our time in creating a project, the management has to solve through a specific plan. Project management needs to divide a particular project into small part and distribute it among all the members so that it can be completed within a less time period (Azizet al., 2021). This will make it easier for the team to complete the whitebread world sailboat race project in a timely manner.
It is also essential to have a clear idea of the project before doing the project so that the vague requirements can be easily understood. And developing leadership in creating such projects will help most team members to build a project by guiding them in the right direction. Adhering to such solutions makes it easier to get rid of project difficulties.
Recommendation
In this project, “Whitbread World Sailboat Race Project,” I believe that having a project manager is a benefit for many businesses since it helps the whitebread world sailboat race project continue to meet goals and keep to a specified production timeline. (Park and Park, 2019) Many firms that execute projects on a regular basis, such as increasing the product line or developing a new mobile client service, generally choose project managers. If we are project managers or want to be, it is critical that we have a solid set of abilities to assist us in handling our obligations.
I believe we may enhance our project management abilities by enrolling in training programs such as seminars, webinars, and conferences. Look for courses that focus on different parts of project management or that give specialized skill training that we need assistance with developing.
I believe you should constantly be receptive to comments from our team in order for us to enhance our project management abilities. (Zhou et al., 2021) We have a responsibility to give tasks, explain project goals, and keep the team on track, and it is critical that we do it in the manner in which our team reacts. We can solicit their opinion when the project is over, but we should also consider doing so from time to time during the process.
Customer feedback can also be valuable. I believe there are other project management methodologies we may employ based on our talents, work environment, and project teams with which we will collaborate. Examine them to see which ones will complement our present skills while also allowing us to develop new ones.
I believe we can also improve our talents by shutting job chances for other project managers who have achieved success in their respective industries. Whether we work with project managers, please ask if we might see what they do during the day. When speaking with people for whom we may create a workday, we can also join professional project management teams.
In any event, we may become acquainted with the strategies and talents exhibited by these project managers and apply them to our job. Successful project managers create project management blogs, articles, podcasts, and other sorts of content. The more we read and listen to this information, the more we will be able to stay up with project management techniques, which will help us become better project managers.
Different ideas can also aid in the development of critical thinking and problem-solving abilities. (RaKabanand Salama 2020) Team building activities may assist partners in strengthening their working relationships, which can help us enhance our job as project managers. People in our team are more inclined to contribute, come up with new ideas, and support our job as project managers when they naturally get along and understand each other.
Keeping track of your time can help us develop helpful project management abilities. I believe we will be able to determine how we spend our time, and we will be better able to examine our working day and determine where we can make adjustments. Analyzing our time management may assist us in managing the time of others within a project and determining whether or not a project adheres to a defined timeline.
I believe we can locate a few project management templates that we may utilize for our job. Use templates to aid us with our job and achieve in our roles. Because many of these pictures are intended to be guides, we may discover that we are spending insufficient time on some of the tasks, leaving us with little or no experience in developing particular skills.
Conclusion
Project management is a crucial instrument for developing a firm strategy, adopting operations, and meeting organizational policy priorities. Project management helps to determine which projects will be completed, who will be involved in completing the tasks, and when the work will begin and end.
Projects are frequently conducted in stages or iteratively, but faster, more collaborative project management methodologies are also widely used. In this project, “Whitbread World Sailboat Race Project,” To build the project and communicate time and status, many tools such as a work notebook, a task decomposition structure, and Gantt charts may be employed.
There are several reasons why projects fail. It is the responsibility of management to determine if the developer’s risks can be embraced and whether the development may progress or whether the project must be rescheduled. Project management is not a cure-all but rather a critical tool in the never-ending process of developing and reinventing a company.
It allows the entrepreneur to reduce and manage environmental risks while boosting the chance of successful delivery and military investigations. In order to effectively manage a project, project management is essential. The team leader must understand the project life cycle, risk, and risk management in order to build a successful project plan.
Therefore, and using the proper tools throughout the process length measurement by considering the metal triangle, the project aim may be reached. The term “temporary” means that projects must have a defined start and end date. This means that every project must have a timetable, size, and financing. It is not a part of the ongoing process because it is just temporary and has a long history of development.
It also brings us to our second point. The goal of the study should be to “create a one-of-a-kind product, resource, or product.” The above symbolizes the start of a project with the goal of achieving a common goal outside of the typical commercial setting. This means that the project team may consist of workers who seldom connect, and they may constantly demand resources that are outside the purview during day procedures.
Planning is the process of things appearing, skills, tools, and strategies to accomplish any task in compliance with defined expectations. Recognizing an issue, adopting a problem-solving tactic, and then following along with this approach until the problem is addressed is the essence of project management. This may well appear to be a simple task, but it is well worth the work each step of the way. Project management may be traceable back to the building of the Han Dynasty and the Wonders of Cairo.
The contemporary evolution of project management, on the other hand, maybe traced back to the eighteenth century, when railway companies purchased tonnes of raw materials and engaged thousands of workers to run trains throughout the continent. The purpose of this section is to describe the project. Each phase comprises creating a path that everyone can pursue.
At this step, the research team is formed, and the outputs are produced. Construction managers will review and evaluate the project’s performance to ensure that it stays on track. As the task has been completed, an inquest has really been performed, and the project has been turned over to another team to be administered.
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