Principles of project management Assignment Example | Topics and Well Written Essays - 1000 words

Principles of objectify focal point - Assignment ExampleStill, the core project management principles apply. In these regards, the project tasks have been identified, namely, the development of a newly efficient and effective television. The project cost will be estimated costs will involve development as well as end target margins on sales to consumers. Further consideration will be given to managing risk as a inwardness of adhering to these financial targets. The project will then be organized around circumstantial matrixes with a circumstantial team. inside this team a specific breakdown and division of labor will occur, with a advance specified timescale for the work to be accomplished. The plan will then be implemented. Throughout the process specific consideration will be given to project iterations and specific management of the predominant principles that have been outlined. Within the context of Apple, Inc. its recognized that increasing emphasis will be placed on tech nical innovation, user-interface, and cutting-edge design. Still, much of the project cycle will need to be considered in a can-do context of development and design. 2. The need for project management is an essential aspect of product development and innovation. In the context of Apple, Inc. ... There are a number of factors of success and failure that are considered in affinity to project management. Locke (2007) differentiates between many forms of project success. The primary quill theoretical understanding in these regards is that project management is a multi-dimensional process such that managerial success in terms of project management is gilded from project success from the perspective of the end user. In these regards, Locke (2007) establishes success and failure factors in relation to the initial project definition. Success is determined in relation to the extent that the project takes on a decease and defined articulation. The next period is the execution period. Pro ject success and failure during the execution period is dependant upon(p) upon how well the project adheres to the primary elements of cost, execution, and time. Still, project success or failure is further distinguished in terms of overriding benefit for existing stakeholders. In terms of Apple, Inc. the primary stakeholders are the organizations stockholders. As such the projects ability to ultimately positively contribute to revenue and scratch profit streams will be the primary determinant of success. Ultimately, it seems this project is realistic. 3. There are four primary phases of project management initiation, planning, execution, and closure (Lock 2007). Fig. 1 below demonstrates the project management phases. Fig. 1 Project solicitude Phase Peter (2003) notes that the initiation phase determines the scope and the nature of the project. For Apple, Inc. the scope of the project is the development of a television that is readily integrated with the personal computer, such that the individual will have ease