Project management Research Paper Example | Topics and Well Written Essays - 1250 words - 2

Project management - Research Paper Example cusses the history of project management, its significance in the contemporary age, some of the obstacles that project managers commonly face in their work and the functions of project management. â€Å"Project management is the science (and art) of organizing the components of a project, whether the project is development of a new product, the launch of a new service, a marketing campaign, or a wedding† (MPUG, 2011). Project management, as the name implies, includes everything that is required to manage a project. A project is a one time endeavor. It is unique. Some people confuse the definition of project with that of process. The former is unique and non-repetitive whereas the latter is repetitive in nature. According to Lewis (2002), projects have been managed for thousands of years, yet it has been identified as an entirely separate disciple all over the world in the last ten years. This tells how short the history of project management is. The claim of Lewis (2002) has been reinforced with the support of Azzopardi (2009), though Azzopardi (2009) dates the development of project management of tools in organizations to the mid of 1950s. ‘Project Management’ is an important topic because all organisations, large and small, are involved in implementing new undertakings as diverse as the development of a new product or service, or a public relations campaign. To keep ahead of their competitors, every organisation is faced with development of complex services and processes. These need cross-functional expertise in a given organisation. (Modesto and Tichapondwa, 2009, p. 15). Every project is different and has its own specifications. The risks and opportunities associated with every project are unique. Two projects may be of entirely same nature with the same project parties, location, and time, yet the two may call for entirely different patterns of management. This can be attributed to the difference of various internal and external factors arising in the