Evaluation of the role of the project in delivering Organisational Strategies:
In terms of time and resources, projects are the targeted initiative with certain limitations. Project management plays a major role in performing the strategy in a standard and systematic way. The major feature of projects is that it has to achieve. During this module, I have learned various tools and techniques of project management like , Gantt Charts, Network diagrams and many more.
For instance, for the Olympic infrastructures, there are various categories of projects involved: the building of broad roads, improvement in seating arrangements of the stadium, building of housing complexes, and increasing the securities arrangements and each of them requires distinct project methods.
The Roles of the Project
The purpose of the project is to provide unique targeted benefits to meeting the goals of the organisations. By creating a project charter, the management implements the project goals and purpose. Identifying the key stakeholders who sponsor the projects and the to finance the resource or requesting for the budget. If the project is approved, project management helps in implementing the strategic alignment. The projects. The project is major for the implementation of clear management and vision of a project cycle. Project management helps in creating the structure of the work and helps execute a proper plan for commencing an event. Moreover, the project helps in supporting the better adjustment of the operations and the strategic objectives. Project management is very important in executing a project. Good project management establishes the goals of the project closely oriented to the strategic goal of the organisation. Effective project management helps in creating a clear process with achievable deadlines, which helps the organisation to achieve its goals easily. To manage the team’s workload and to achieve the work on deadline, the organisation prioritises the projects. Three critical aspects that ascertain the selection of portfolio management:
1)Project Prioritisation: Project prioritisation is the method of deciding which potential and existing ventures are the foremost pressings and vital. This the criteria that are most important in a sequence of urgency. By collecting the list of all tasks and identifying them on an urgent basis. The Project managers evaluate the scores of the projects against the criteria and existing portfolio.
2) Project Delivery: A convenient extended strategy may be a framework utilised by an organisation to define the structure of organising and financing plan, development, operations, support administrations or office by entering into mutual understandings with one or more substances or parties
3) Measurement of result:
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