Project management has evolved in recent years, becoming very popular. The introduction to project management has had some challenges, making it difficult to shift to a project-based approach. There have been successful and non-successful project managing.
Project Management has become a very essential and popular business tool in recent years. Every successful project must have a person in charge to keep the project organized. Project management includes areas in integration management, scope management, time management, cost management, quality management, human resource management, communications management, risk management, and procurement management. Also, The Project Manager deals with standards and regulations of the project, project environment, management skills and interpersonal skills. A project manager must have strong leadership skills. All of these are key ingredients for project organization because without it, a project may not flow efficiently or financially.
The primary challenge when introducing the project management philosophy to most organizations is, some companies do not operate with one person organizing or being in control of a project. There may be instances when several people want to take charge. Some individuals do not take kindly to the thought of answering to one person. If companies operate without a project-based approach it can be difficult to organize and structure any projects or the company for that matter, towards a project management direction or operation. Individuals need to understand the concept of "time is money."
An unsuccessful project would be the Ajaokua Steel Company, Kogi, Nigeria. The MMA2 project was driven by private sector investment under a Public-Private Partnership Scheme. The Federal Government of Nigeria awarded the contract to Bi-Courtney Limited, to design, build and operate the Murtala Muhammed Airport in 2003. This Build, Operate, Transfer (BOT) arrangement also transferred the risks to...