Project management involves the day-to-day activities that take happen on the side away from the actual regular organizational processes while going about production of goods as well as services. These activities are unique and different from the normal routine of organizations. In the fields of construction, daily processes focus on creation and development of projects. “Organizations work toward a predefined goal or objective that requires resources and effort, a unique and risky venture with a budget and schedule” (Pinto n.p). The process is characterized by crossing functional and organizational boundaries. For instance, it promotes collaboration in an organization since different departments need to work together to achieve the project goal. As tools for innovation, projects are dependable for new and advanced company processes, products and services. They bring into existence goal-oriented functions by providing philosophy and strategy for change and growth in organizations. Project management is a nontraditional activity that is initiated to achieve a certain goal over a specific period of time, which is terminated when successfully completed. These activities nurture the growth of organizations in the design, execution, and management allowing companies to implement countrywide strategies. More organizations are adapting to project management strategies, “there is a shortened product life cycles, narrow product launch windows, a high number of complex and technical products, availability and growth of global markets and a low inflation economic period” (Pinto n.p).
An effective project management scheme requires a proper project lifecycle to show the logic that governs a project and achieve results as fast as required. “According to Pinto, the project life cycle is a mechanism that links time to project activities and refers to the stages in a project’s development” (Pinto n.p). They enable managers to decide and evaluate the process under use. Project life cycle involves conceptualization where they determine the scope of work; identify resources such as individuals, capital and physical plant, and stakeholders. The individual details of the project are discussed and assigned to specific people in planning. After which the tasks are executed where bulk work is performed. The final project life cycle is termination where the results are presented to the client upon execution. This cycle enables a team to measure its performance and status on completion while the same time helps us with ideas on resource requirement during planning. For instance, we are able to assess our personnel, materials, and equipment required for the project. The new project “success” model focuses on “quadruple constraint” where it involves basic metrics in the project from adhering to the schedule, adhering to the budget, quality or functionality of the project, and client satisfaction of the finished product. However, some models for Information Technology projects focus on the quality of system and information, use, user satisfaction, the impact of the individual and the organization. For organizations to decide the best project management companies to outsource, they look at the best practices.
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The model ranks organizations at different levels of their practices in sophistication for projects. Therefore, organizations go through various applicable maturity stages to qualify in providing project management techniques to customers. These organizations move from the simple ad hoc fashion to intermediary steps for project management techniques and cultural attitudes. Some organizations reach the last stage in maturity model where it works continuously to improve the process and become more refined, improved and cement these techniques to almost all employees and departments.
In conclusion, Pinto ranks organizations depending on their performance and skill set to customers by use of the project management maturity model. Pinto’s maturity model is an aid in ensuring that customers find and settle for the best firm, in production, output, schedule, and cost.
Work Cited
Pinto Jeffrey K. Project Management: Achieving Competitive Advantage (4th Edition) 4th Edition , 2018.
