Project Management Essay Example | Topics and Well Written Essays - 5000 words - 2

Project Management - seek ExampleProjects also enable the development of new products and services and help the organization to respond to changes in the external environment like development of information technology. In todays scenario, project management indulges in the use of information technology to communicate and develop projects effectively. Projects are designed to enhance the organisational performance and continuously update the systems as they are continuously developing.But in reality, many projects are scrapped or dumped as they are not able to function properly or have incurred atrocious expenses during the production space. The grade of this track is to make the readers understand the different reasons behind the failure of a project. The report is divided as follows section 2 allow for present an overview of project management section 3 will discuss risk management and its importance in project management. Section 4 will discuss why a project fails and in sec tion 5, deeper understanding would be gained by the abstract of a case of UK passport processing agency. This report will present why the project to fulfill new information system failed in the Agency.A project is defined as a collaborative enterprise, frequently involving research or design that is carefully planned to achieve a particular aim (Oxford Dictionary). It is defined as a unique venture with a beginning and an end, conducted by people to converge established goals within parameters of cost, schedule and quality (Buchanan and Boddy, 1992). Few examples of some well published project is the Apollo class which landed the man on moon (Nasa, 2010), the Genome project which mapped the human genome (Genome, 2010). The characteristics of the project is that it is temporary i.e. it has a expressed beginning and end, it creates unique deliverables, creates capability to perform a service and is developed in steps. It is different from trading operations as the processes in o perations are ongoing and