Principle of Project Management

Question: Discuss about the Principle of Project Management. Answer: The post has been highly effective to compare as well as contrast between the usages of different standards within the organization. In this context it has been identified that PMBok is the most effective to be familiar with the standardized process of any project management. It includes nine most crucial areas of project management, which are quality management, communications management, risk management, procurement management, human resources management, cost management, time management, scope management and integration management (Snyder, 2014). At the same time, Prince2 is the most wide spread practice methodology that promotes a structural business approach within the organization. Application of Prince2 effectively enhances the team coordination be making everyone aware of the project goals, responsibilities, quality requirement, stages as well as performance requirement. On the other hand, the ISO standard is effective for enabling the organization to understand the relations hip between discipline and business environment. Similarly, every industry adheres to any standards to maintain its level of effectiveness and quality. The application of these standards in global, cross cultural as well as international platform has been succinctly depicted in this post. It has been appropriately reflected that the standard itself would not be affected due to the change of platform. However, the policies under the standard must be used differently to accommodate different workforce (Burke, 2013). In addition to that, the post has identified that management approach and structure need to modified in order to enhance the effectiveness and flexibility within the team to accomplish the project in a dynamic, albeit collaborative manner. The post has attempted to compare and contrast the major standards used in various industry for project management. Although the post has been effective to provide necessary information regarding the each standard, it has failed to draw necessary argument to depict the comparative evaluation of these standards. The post has also failed to address the key features of each standard to draw an argument in the context of their relevance in the project management. The post needed to state the benefits of these standards for using in project management so that the comparison can be drawn from the level of effectiveness of these standards. It has been wrongfully stated that as PMBok and Prince2 is compatible, they have no difference between them. It has been observed that while PMBok largely comprises with knowledge of project management, Prince2 focuses on the execution of the project in a controlled environment. ISO 21500, on the other hand provides distinct norms to followed by the organ ization to have a greater efficiency and safety within the projects (Too Weaver, 2014). The post has been failed to provide necessary information regarding the application of these standards in the global, cross cultural as well as international platform. The post needed to present how the standards interact with each of the platforms at the time of executing the project. It could have been stated that although the project standards are not affected with the change of platform, the underlying processes need to be modified according to the requirement of the project and accommodation of the workforce (Kerzner, 2013). Reference List: Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA. Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Snyder, C. S. (2014). A Guide to the Project Management Body of Knowledge: PMBOK () Guide. Project Management Institute. Too, E. G., Weaver, P. (2014). The management of project management: A conceptual framework for project governance.International Journal of Project Management,32(8), 1382-1394.