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Cement Production Plants in Ethiopia and Their Capacity

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Autor:   •  January 10, 2018  •  Term Paper  •  3,421 Words (14 Pages)  •  126 Views

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SUMMARIZING PMBOK GUIDE, PMBOK CONSTRUCTION EXTENSION AND PRINCE2 GUIDE AND COMPERING AND CONTRAST

Weldu Abadi Abrha

Mekelle University, Department of civil engineering (construction technology), EITM/PR133536/10, email: weldu2121@gmail.com

INTRODUCTION

       At the world there are many complex and simple projects are set-up and worked.  On those projects governments and privates budgeting million and billion dollars on their company. To get and fulfill the company objectives and to satisfy the stakeholder’s interest, experienced and skeptical managers should assign on them. So to support managers on their managing project there is different guides. So here under we try to summarize those guidance and compering them.

1. MANAGING SUCCESSFUL PROJECTS WITH PRINCE2

       Compering with PMBOK 4th and 5th edition books, Prince2 is broadly used in more counters and with thousands tangible projects. It’s also works in every environment and any complex project.prince2 covers the good practice of projects with themes describe aspects of project management that requires specific treatment .the process pronounce the progress through a project life cycle from startup  up to closer.

      The prince2 manual majorly pronounced around for skeptical terms: prince2 themes, prince2 process, prince2 role and defined management products. This manual help for high level managers to individuals by asking and answering in terms of:

                       © Information what them and their stakeholder need and what they supply

                       © Their expectation from the project

                       © Decisions on results on expected things

       Prince2 discussed a project as “temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business case”. As this definition can have different characteristic from usual business. Accordingly a project is:

  • A means of creating change
  • Since a project has defined start and end its mean temporally
  • Since there is more physical relationships among the stake holders , more job create with different business licenses ,so its cross functional
  • One project has different workers at different environment and time, with different budget, for different customers, so it make unique.
  •  Since a project is ongoing work definitely there is uncertainty

     According to prince2 project management is the process of planning, delegating, monitoring and control of all activities of the project with expected of time, cost, quality, scope, benefits and risks.

     As Permitting to price2, principle is described and summarized as the one project should have defined role and responsibilities, learn from experience , justify, controlled and managed by stage, focus on product not on activity and should managed by exception. We can learn from experience from current or past projects when we start the project, at project progresses and when the project closes. Doing this activity is very best way learning and preparing from the coming project success.

    Generally prince2 describes the organization processes and practices required for the effective implementation as organization standard as guidance on assigning ownership, training and as quality assurance mechanism.

2. (PMBOK® GUIDE) – FIFTH EDITION

     A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle.

This section defines several key terms and the relationship among portfolio management, program management, project management and organizational project management

According (PMBOK® Guide) – Fifth Edition A project is a temporary endeavor undertaken to create a unique product, service, or result. The temporary nature of projects means that a project has a definite beginning and end. The end is reached:-

  • when the project’s objectives have been achieved
  • or when the project is terminated because its objectives cannot be met,
  • or when the need for the project no longer exists.

A project may also be terminated if the client (customer, sponsor, or champion) wishes to terminate the project.

    Temporary does not necessarily mean the duration of the project is short. It refers to the project’s engagement and its longevity. Every project creates a unique product, service, or result. The outcome of the project may be tangible or intangible. And also repetition does not change the fundamental, unique characteristics of the project work.

Relationships among Portfolio Management, Program Management, Project Management, and organizational Project Management (OPM)

Portfolio management: - aligns with organizational strategies by selecting the right programs or projects, prioritizing the work, and providing the needed resources. Portfolio refers to a collection of projects, programs, sub portfolios, and operations managed as a group to achieve strategic objectives.

Program management: - harmonizes its projects and program components and controls interdependencies in order to realize specified benefits

Project management: - develops and implements plans to achieve a specific scope that is driven by the objectives of the program or portfolio (the subject).

      OPM advances organizational capability by linking project, program, and portfolio management principles and practices with organizational enablers to support strategic goals and measures its capabilities.

(PMBOK® Guide) – Fifth Edition discussing more in detail about Organizational influences And Project life cycle. Here are some info about Project Stakeholders and Governance

       According (PMBOK® Guide) stakeholder is an individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project.  That means the Stakeholders may be actively involved in the project or have interests that may be positively or negatively affected by the performance or completion of the project.

       Project governance enables organizations to consistently manage projects and maximize the value of project outcomes and align the projects with business strategy. It provides a framework in which the project manager and sponsors can make decisions that satisfy both stakeholder needs and expectations and organizational strategic objectives or address circumstances where these may not be in alignment.

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