The lessons learned during this project management course are relevant to any project, plan, or scheme. Vital relationships between stakeholders, sponsors and team members must be sustained at all times for a project to succeed: this is one of two essential principles that lead to success in business ventures. The second crucial principal is careful consideration of project task times, costs, risks, quality issues, and resources ensures that historical data collected during project closure.
Keeping stakeholders satisfied and involved ensures that the project management cycle is as seamless as possible. Satisfaction in project management for businesses comes in various forms including receiving or issuing high returns for investments, social recognition and appreciation, and acquisition of market share for startup projects. However, creating transparency through availing all the necessary tools that are essential for project success creates longer-lasting impact and better results in the workplace (Hogan 2016).
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Project requirements include human resources, time, and financial stability. These must all be within the right scale to prevent overutilization or anxiety and uncertainty over the life of a project. It is also vital for delegation of personnel to sustain energy levels to ensure management of tasks is efficiently carried out.
Learning from previous challenges encountered in the project management cycle is doable if the two principles are followed. They can improve implementation of work and refine management skills for individuals who wish to engage in multiple tasks simultaneously. Workloads can be overwhelming without proper scheduling of activities within an organization and individuals intending to pursue project management, be in it large or small enterprises must be willing to use modern organizational systems rather than bureaucratic hierarchies.
Reference
Jordan, A. (2012, October 18). Project closeout: The right stuff. Retrieved from http://www.projectmanagement.com/articles/275494/Project-Closeout--The-Right-Stuff
