BPI – Process Walk Through and Process Measurement Analysis
Business Process Improvement projects can be applied to any and every process in any industry. Using BPI it is possible to increase the efficiency of any and every process. Processes though designed well, can become inefficient over a period of time. Besides, processes need to be subject to review periodically to determine the efficiency as […]
How to Prepare a Business Continuity Management Program?
The previous articles have mentioned about the need for a business continuity management program and the components of a typical business continuity plan. This article looks at how to prepare your organization for emergencies and the steps that are needed to be taken to prepare for contingencies. For starters, the business continuity program that your […]
What is Commercial Arbitration and How Firms Use it to Settle Business Disputes
What is Arbitration and why it is so important and how does It Take Place? We often hear the term, Arbitration, or Commercial Arbitration, used in multiple contexts in business literature. As the name implies, Arbitration, is a process of settling disputes that arise from differing interpretation of contracts between businesses as well as a […]
Why the Global Economy is Creaking to a Halt despite Monetary Stimulus
Why Printing Money is Leading us Nowhere We discussed how central banks around the world are printing money and pumping in liquidity into the global economy. This has the result of creating asset bubbles and equity bubbles wherein the hot money flows into real estate and stock markets leading to speculative frenzies instead of real […]
What is Kaizen? – The 5 S Approach
“Kaizen” refers to a Japanese word which means “improvement” or “change for the better”. Kaizen is defined as a continuous effort by each and every employee (from the CEO to field staff) to ensure improvement of all processes and systems of a particular organization. Work for a Japanese company and you would soon realize how […]
According to the PMBOK 3rd edition, A project is defined as a “temporary endeavour with a beginning and an end and it must be used to create a unique product, service or result”. Further, it is progressively elaborated. What this definition of a project means is that projects are those activities that cannot go on indefinitely and must have a defined purpose.
The art of project management calls for an increased vigil on quality and related processes. The project manager is expected to be aware of the best practices that are used for the project and is supposed to make sure that he or she adapts them to the use of project management.
One area of concern nowadays is the absence of processes in procurement and staffing. These are areas of concern not only to the project manager but also to the organisations.
There is a need to balance the requirements of the fast procurement and staffing cycle with that of proper processes to be followed. There has been much debate in many organisations about the lack of quality in recruitment and procurement.
These twin areas of quality and procurement have the aspect of ruining the chances of a successful project and hence the project manager has a responsibility to steer the course and ensure that quality does not suffer. There are several areas of project management that need quality control and there are several benchmarks of quality that can be used to meet these standards.
For instance, many organisations use Six Sigma and SEI CMM level processes to guide them in the art of quality and meeting quality specifications. These are just one instance of how the quality framework is used to differentiate between the processes that are error free and those that need revision and rework. Sampling method prescribed by Kaizen, Six Sigma etc can be used to improve the quality of the processes that are employed by the organisations.
Kaizen, in particular relates to continuous improvement, a theme that would find resonance in the uber-competitive world of today. All organisations strive for quality and to find the edge that would differentiate those from others and thus these initiatives are the ones that the project manager must look forward to and implement them diligently in the workplace.
To address the issues arising out of poor procurement and staffing practices, the project manager has to be in constant touch with one important stakeholder i.e., the procurement and staffing teams and this is where the project manager is expected to show their level of competence by managing the procurement and staffing cycle.
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Costs in Project Management – Costs associated with the Projects
February 12, 2025
