Project Management Functions Research Articles

BUILDING SHOWCASE PLATFORM

Abstract : Formal project management is not widespread in SMEs. Most of the office work and normal business activities are looked by the staff in an informal manner and in most cases without any project management training. This is not to say that their projects are not successful. Many SMEs handle projects well and are successful. This could be due to their tactical knowledge and the individuals involved rather than a conscious effort. But these companies could be falling short of their potential and may perform better if they follow a proper formal system of project management practices. Management, produces a degree of predictability, focuses on systems, relays on control, organizes and staffs, accepts the status quo and motivates people to comply with standards. This project aims to study the approach of small and informal construction firms towards construction management and the various techniques adopted by them and thereby suggest systems and methods in project management to improve their performance. A startup construction firm that did not have formal project management systems and techniques in place was identified and upon discussion with their owners and employees regarding their practices, they were willing to let us assist them in their projects by setting up a project management function there by analyzing their work. During the course of the study, significant improvements were observed in the system adopted by the firm in various aspects like quality control, project monitoring & tracking and safety. It can thus be concluded that introduction of project management techniques even though on a small but systematic way can help bring improvement in the performance of the firm and contribute to the organization’s growth in the long run. IndexTerms – Web-Based Application, Modern structure.

CAPITAL BUDGETING

The project talks about a capital budgeting and its methods including discounted cash flow, payback, and throughput analyses. The process involves analyzing a project’s cash inflows and outflows to determine whether the expected return meets a set benchmark, we are going to talk about how capital budgeting is also important for small and big companies to evaluate major projects and investments, such as new plants or equipment. In the present scenario the efficient allocation of capital resources is a most important function of project management. This function involves firm’s decision to invest its funds in long-term assets like plant, machinery land, building, equipment etc. These assets are extremely important to the firm because the organizational profits are derived from the use of its capital investment in assets which represent a long-term commitment of funds. The future development of an enterprise depends on the capital investment projects. These projects may be the replacement of existing capital assets which turns out to be less attractive to the firm or expansion of business for implementing new ideas and planning. Thus, long term investment decisions of an enterprise fall within the definition of project budgeting or capital expenditure decisions. These decisions are concerned with the acquisition of assets in which funds will be invested by an enterprise. The assets of business include long term assets and short-term assets. Long term assets will yield a return over a period of time whereas short term assets are those assets which are easily convertible into cash within one accounting period, normally a year. The long-term investment decision is known as project budgeting/capital budgeting and the short-term investment decision are identified as working capital management.

УЧЕТ РИСКОВ ПРИ ПРОЕКТНОМ УПРАВЛЕНИИ В МАЛОЙ ПРОЕКТИРОВОЧНОЙ ОРГАНИЗАЦИИ

The article discusses aspects of the management of a small design organization (SPO) with up to one hundred employees. It is noted that the principles and approaches in the management of small and medium-sized enterprises differ from the management of large organizations in the degree of implementation of digital management components. The main characteristics of a project in a small design organization have been identified. It is concluded that risk management should be in the area of increased attention and responsibility of managing managers of a small project organization, and be considered as an integrated project management function. The main stages of risk analysis arising from the activities of SPOs are presented. It is noted that the main goal of these stages is to identify and systematize possible sources of risk and factors for the implementation of risk events.

Persepsi Sistem Informasi Manajemen Proyek (SIMP) Berbasis Situsweb Terhadap Pelaksanaan Proyek (Studi Kasus : Pelaksanaan Proyek Konstruksi Simpang Tak Sebidang Pamulang di PT. Cinere Serpong Jaya)

Success in the construction industry is related to the efficiency and effectiveness of project implementation. Construction projects are not only very complex, but also require project management in daily work in terms of efficiency and effectiveness. This study uses a study-survey type, the purpose of which is to examine and explain project management possibilities for the successful implementation of a project at STS-Pamulang. The statistical calculation used is the crosstab which tests whether there is a relationship between the lines consisting of: planning , controlling , organizing and directing the time, cost and quality of the project. The results of the study make it possible to conclude that, according to the respondents, the project management function influences the success of project implementation at STS-Pamulang. According to respondents, planning and control variables are two aspects that have a significant influence on the success of project implementation at STS-Pamulang. To achieve this success, stakeholders wish to reduce project duration/time by expanding the planning and organizational aspects of project management. If you want to reduce your overall costs, you need to improve the planning and management aspects. And finally, if we want to improve the quality of our projects, we need to improve the planning and management of project management.

ORGANIZATIONAL AND ECONOMIC SUPPORT FOR THE MANAGEMENT OF INVESTMENT PROJECT IN THE SYSTEM OF FORMING THE POTENTIAL FOR DEVELOPMENT OF THE UKRAINIAN REGIONS

Highlights the current issues of project management in the context of regional development. Using systematic and synergetic approaches, methods of analysis and synthesis, induction and deduction, comparative analysis, it is established that without proper organization of project management it is impossible to effectively use those financial resources invested in regional development. At the same time, the world has long known that their management system is a special area of modern management, the application of which gives tangible both current and future results. Every project in the process of implementation goes through various stages, which together are called its life cycle. And for the implementation of various functions of project management requires appropriate actions, defined as the processes of their management. At the same time, project management is an integrated process: actions (or lack thereof) in one direction affect other areas. This relationship forces a balance between project objectives – often improvement in one area can only be achieved through deterioration in another. At the same time, project management processes can be divided into six main groups, which implement different management functions: innovation, planning, implementation, analysis, management and completion. At the same time, the system of network planning and management methods should be singled out – a set of planning and management methods for economic development and research and development and design and technological work, new products, construction and reconstruction of buildings and structures, overhaul of fixed assets using network schedules used today in the national economу, which gives the opportunity to have a positive impact on the management of investment projects in Ukraine.

The Generality of Procurement Risks in the Context of Project Management

Project management in engineering, management, and sometimes business has a considerable contribution. Also, its importance can be observable in the risks of procurement. In the current literature review, the researchers endeavor to comprehensively explain all academic and theoretical definitions, history, process, and relations of these two primary and vital variables to make them clear and practical for scholars and those interested in this field. In fact, with this information and knowledge, studying and working in the project management area can be more reasonable and suitable for all interested scholars and those who plan to perform in this area. This study likewise demonstrates the connection between procurement risks and project management and the crucial function of project management in procurement. Typically, educated individuals in this area could also demonstrate better performance and significantly increase the level of process and outcome in project management in this study considered by the researchers.

Marketing as a function of project management in the sports industry of the Karaganda region

Object: Marketing analysis of the correspondence of the degree of development of the sports infrastructure of the city of Karaganda to the existing demand for mass sports and the requirements of the development of high -performance sports.Methods: Statistical method and system analysis. Results: There is insufficient provision of modern sports infrastructure in the Republic of Kazakhstan. The demand for modern sports facilities significantly exceeds the supply. In the Republic of Kazakhstan, it is 43%, while in developed countries it exceeds 63%. The Republic of Kazakhstan should take further steps to develop sports infrastructure through the implementation of appropriate projects.Conclusions: In the period after the pandemic, the load on the sports infrastructure will grow, the growth rate of sports participants will outpace the growth rate of sports facilities. There are a small number of sports facilities in the Karaganda region that meet international standards. Therefore, it is necessary to implement projects to create sports facilities, primarily in the field of children’s and youth sports and international-level big sports in selected priority sports.

Use of Project Management for optimization of the company’s functioning

The purpose of the article is issues related consideration to the features of optimizing project management and obtaining economically justified results through the use of specialized software. The methodological basis of the research are carrying out an assessment of the effectiveness of project management approaches introduction in economic activity various types, which will allow optimizing the use of resources in the process of creating innovative products. The scientific novelty of received results is study of project management advanced concepts essence and the peculiarities of their use by modern companies. The main functions of project management as an effective tool for the development of modern products are presented. The main methodologies of project management are given, which allow to optimize the stages of their implementation in accordance with the specifics of the projects. Conclusion. The introduction of innovations leads to the transformation of project management and the introduction of advanced approaches to managing teams and creating products with qualitatively new characteristics. Competition in the software market for project management needs promotes the transformation of existing methodologies and the emergence of qualitatively new approaches to establishing effective interaction between all project participants and optimal use of available resources. Keywords: Project Management, PMBok, methodologies, optimization, product, software.

An investigation of a risk management decision support system for Iraqi construction projects

Risk management (RM) is one of the critical success factors for the construction of projects, project participants generally do not have sufficient knowledge pertinent to risk management concept and the number of risk management support tools which facilitate the process are rather low. Research problem can be identify by the process of risk management, applying risk management in construction projects, types and identified, assessing and controlling of risk in construction projects. In order to facilitate risk management activities, decision support tools that will enable risk identification, analysis and response strategy formulation should be developed. Decision support tools are necessary for systematic identification of risks, scenario generation, proactive management of risk and integration of risk management activities with other project management functions such as planning, cost estimating and monitoring project success. The proposed decision support system, namely Integrated Risk Management System (IRMS), is designed to support the user at all phases of the risk management process. Major functions of IRMS include, risk analysis by Monte Carlo (MC) simulation (probability and rating degree), risk assessment by risk rating, risk re-assessment, response generation. The applicability of the system has been tested by a real case study (three Iraqi construction cases) and its functionality has been demonstrated using the data associated with these cases, study (three cases). Risk carting (RC) processes are reduced from high risk management to moderate ones for the three project cases.

Exploring the Influence of Project Management Offices in Project-Based Organizations in Saudi Arabia

This research investigates the impact of the project management office functions on project success in Saudi Arabia. A comprehensive literature review is conducted to study different project management functions and project success measures. The data collected on a validated list of 19 project management office functions and 14 project success measures obtained from the literature. The analyses have two parts, one to compare the project performance of organizations that have PMO to those who do not have, using excel sheets by averaging the responses for each measure. The second part is to study the relationship between PMO functions and project success measures using structural equation modeling SEM in SMARTPLS-S software. Sixteen hypotheses were generated for analyses in SEM and five of these hypotheses were validated while the remaining 11 could not be validated. The results reported that PMO organizational learning functions directly impact project outcomes, while functions of project monitoring and controlling partially impacts customer satisfaction.

Construction of Project Management Using Information System

Information is playing a vital role of every concerns project management processes. The activities of organization’s project management, desires to attain an excellent flow of information. This task can be done through to build a high quality information system to that concern. This paper concentrates the present status of information systems in the function of construction project management for the huge corporation and government agencies in Saudi Arabia. The innovative conceptual model names as Information System Success (ISS) is built to obtain the barriers of information system in project constructions as well as independent variables are introduced. With the assistance of ISS model, the researcher can create a survey to verify the achievement of the information system and the autonomous variables that influence the information system within the population data. The results will explain the improvements of Saudi Arabia’s large corporation government agencies construction project. Moreover, the result indicates that the independent variables have focusing the effect of the information system such as IT infrastructure, organizational competence along with management support.

Tradicionnye i sovremennye principy, podhody, metody i instrumenty formirovaniya sistemy monitoringa i kontrolya realizacii federal'nyh proektov

The article is devoted to the study of topical issues of the formation of a system for monitoring and controlling the implementation of federal projects. Authors give a brief historical and legal description of the Institute of Project Management in the Russian Federation. The mechanism for monitoring and controlling the implementation of federal projects is being considered, the role of key actors performing these project management functions is being specified. Also, attention is paid to the key principles laid down by the Government of the Russian Federation as the basis for a new, long-term-oriented and taking into account the modern geopolitical situation, the system of monitoring and control of the implementation of federal projects.

The Role of Construction Cost Management Practices on Construction Organisations’ Strategic Performance

Cost management practices have remained a vital aspect of project management functions. Despite the efforts of project management, construction projects are still being delivered above budget, with schedule overrun, poor quality and amongst other problems. Poor cost management approaches have been blamed for these problems. Effective cost management improves project performance and the strategic performance of construction organisations. This study aims to assess the role of cost management practice on construction firms' strategic performance in Nigeria. The objectives of the study are to determine the benefits of cost management of the project on the competitive position of construction firms, and the factors influencing cost management strategies of construction firms. This study adopted a well-structured questionnaire administered to construction professionals via electronic means and using snowball sampling technique in the six states of the south-south geopolitical zone of Nigeria. With a response rate of 65.48% and a reliability of index of over 0.70, the gathered data were analysed using frequency, percentage, and relative importance index (RII). It was found that major factors influencing construction cost management are; experience and competence of the project managers, weak management support and control, poor project communications, external economic environment, and lack of use of project management tools (technology). Also, effective cost management was found to play a critical role in the strategic performance of construction organisations; with most benefits being in the areas of waste and expenses reduction, improves operational efficiency need, helps to predict future expenses, ensures procurement effectiveness, and improve profit maximization. Project managers should continuously upgrade their skills for effective cost management to boost the strategic competitive position of their firms.

Mass Digitization with Smartsheet: Leveraging a Commercial Solution for Flexible Project Management

The Hoover Institution Library & Archives (HILA) has implemented Smartsheet, a cloud-based project management tool, to manage tasks and cross-team handoffs for its new mass digitization program. By combining task-specific tools such as Capture One and LIMB Processing with the administrative flexibility of Smartsheet, HILA has succeeded in leveraging commercial project management functionality for cultural heritage purposes, resulting in improvements to our program’s efficiency, flexibility, and reporting capabilities.

A QUESTIONNAIRE SURVEY ON CONSTRUCTION PROJECT MANAGEMENT OF WATER TREATMENT PLANT

Urban population growth, particularly in developing countries, places immense pressure on water and land resources; it also results in the huge water usage most of it not potable at all. So, water treatment is increasingly necessary due to potable water shortages and growing needs of global population. Today, it is not at all safe to use water directly from rivers, reservoirs, and lakes as it contains various micro-organisms, pathogens, and other contaminants that have an adverse effect on the health of humans, plants, and animals. This situation of unhealthy and unsafe surface water has generated the need for the Water Treatment Plant. This study aimed at assessing Construction Project Management practice of Water Treatment Plant of capacity 5.5 MLD for the supply of potable water to 30 villages in Shegaon, Maharashtra. Therefore, the function of construction project management which includes defining the requirement of work, establishing the extent of work, monitoring the progress and adjusting deviations of work. This aims to achieve goals of project leading to completed construction by virtue of planning, executing and controlling time, funds with human and technical resources for the construction of water treatment plant. Data for the study was obtained through well-structured questionnaire administered to executive engineer, contractor, client and site engineer working on the project. This study is carried out for the knowledge of implementing, assessing and adapting the construction project management of water treatment plant. Keywords: Water Treatment Plant, Construction Project Management, Potable Water, Construction Industry, Public Sector Projects, Labour Intensive Culture.

FUNCTIONAL MODEL OF ORGANIZATION DEVELOPMENT BASED ON QUALITY MANAGEMENT IN AN EDUCATIONAL ORGANIZATIONAS A QUALITY ASSURANCE TOOL

In the context of the formation of an innovative economy, great attention inmanagement in recent years has been paid to the problems of mastering and implementingthe management of an organization based on quality. Quality management is one of thekey functions of both corporate and project management, the main means of achievingand maintaining the competitiveness of any organization. The historical experience of theUSA, Japan, Germany, and a number of other countries shows that ensuring the steady andharmonious development of any enterprise through the use of effective management systemsbased on quality is one of the main levers with which they managed to overcome the economiccrisis and take a strong position in the world market. The research topic is relevant due tothe great importance and significance of the integration mechanisms for the developmentof enterprises and organizations based on quality management. Thus, the construction of afunctional model allows you to develop new solutions for bringing enterprises to a new levelof development. In recent years, the role of quality in ensuring the competitiveness of productsand enterprises has significantly increased, which requires the management of organizationsto develop and implement modern management models that meet the requirements ofinternational and national standards. This article discusses an algorithm for the formationand implementation of a functional model for the development of an organization based onquality management in an educational organization. The feature of quality management policyin an educational organization is analyzed. A process of forming a functional model based onstandardization, which is based on the implementation of interrelated processes that increasethe efficiency of an organization in obtaining the intended goals, is proposed. This articledescribes the algorithm of formation and realization of the functional model of developmentof the organization on the basis of quality management in education. Analyzed features of thepolicy of quality management in educational organizations. The proposed formation process of the functional model on the basis of standardization is based on the implementation of interrelated processes that increase the organization’s effectiveness in obtaining goals.

The core functions of project management in an emerging economy: a new measurement scale

The core functions of project management in an emerging economy: a new measurement scale

The core functions of project management in an emerging economy: a new measurement scale

The development of measurement scales in the field of project management is based mainly on evidence from developed countries using a function-specific approach. Project management in emerging countries is less understood. This paper presents an instrument of measurement for the core functions of project management using a function-general perspective in the context of an emerging economy (Colombia). It incorporates a cross-sectional study using a psychometric approach and confirmatory factor analysis. An online questionnaire is applied to 257 project managers/directors of organisations in Colombia (one per company). The core functions are identified as 'management of project stakeholders' (a second-order factor consisting of 'effective management of project team', and 'management of interaction with stakeholders'), and 'project risk management'. The scale (11 items) satisfies the criteria of goodness of fit, reliability, and validity, and it is useful for reducing the overall length of previous conceptual proposals. The proposed scale is parsimonious, plausible, reliable, and valid, and could be used for company diagnostics and future quantitative studies in the field of project management. The present study contributes to the literature by clarifying the dimensions, structure, items, and implications of the core functions of project management from a function-generic perspective in emerging economies.

Optimization of Management Mode of Small- and Medium-Sized Enterprises Based on Decision Tree Model

Decision tree algorithm is a common classification algorithm in data mining technology, and its results are usually expressed in the form of if-then rules. The C4.5 algorithm is one of the decision tree algorithms, which has the advantages of easy to understand and high accuracy, and the concept of information gain rate is added compared with its predecessor ID3 algorithm. After theoretical analysis, C4.5 algorithm is chosen to analyze the performance appraisal results, and the decision tree for performance appraisal is generated by collecting data, data preprocessing, calculating information gain rate, determining splitting attributes, and postpruning. The system is developed in B/S architecture, and an R&D project management system and platform that can realize performance assessment analysis are built by means of visualization tools, decision tree algorithm, and dynamic web pages. The system includes information storage, task management, report generation, role authority control, information visualization, and other management information system functional modules. They can realize the project management functions such as project establishment and management, task flow, employee information filling and management, performance assessment system establishment, report generation of various dimensions, management cockpit construction. With decision tree algorithm as the core technology, the system obtains scientific and reliable project management information with high accuracy and realizes data visualization, which can assist enterprises to establish a good management system in the era of big data.

The Project Manager “Interfaces” in a Crisis Scenario

A crisis induces Project Managers to use, increasingly, a specific “language” that is born from the union of two dimensions, technical-operative modalities and the mindset. The goal is to properly react to the crisis, like a pandemic scenario will. This approach directly involves the usage of “triad” (Reaction-Execution-Results) and micro-goals concepts in order to maximize the effectiveness and efficiency of the Project Manager actions within time windows. Project management is one of most important discipline in a company, especially where the project is the soul of the business and the center of the employees’ dynamic. This paper focuses on the “interfaces” between project management and other company functions. It analyzes how the “language” could induce reaction behavior based on the time-constraints and micro-goal modus operandi and how the company dynamic could change its behavioral habits towards the same common company purpose: the success of projects.