Name: Course: Instructor: Date: Project Management I managed to interview Mr. Robinson who is in charge of project management at Standard Chartered Bank. He provided the tasks he was delegated to execute and the level of expectations in terms of changes within the organization resulting from the initiation of the project. The project was aimed at increasing efficiency and employee motivation towards execution of their duties and responsibilities. According to Mr.
Robinson, the development of the project that entails the development of an incentive program for the employees has been necessitated by the organization’s need to increase its competitiveness in the market, and reduce costs associated with low productivity and idle time in the organization. Productivity is termed as the relationship between the costs of labor and the desired output (Lock 21). A desired level of output should be achieved at the provided costs of labor or lower costs with the use of appropriate labor management strategies. He pointed out that project management tasks have changed given the increased dynamics in organizations and the scarcity of resources due to the extensive organizational needs.
The costs of a project are usually factored into the projected benefits of the project Essentially a project works with the presence or provision of adequate resources to the project. The budgeting process is usually a reflection of the importance of a project. The project, according to Mr. Robinson, was developed as a means of ensuring that the organization can manage its resources appropriately. The increasing costs of supporting organizational functions such as costs of labor and other operational costs have been among leading factors directed towards the need of a project that would reduce the increasing organizational costs. Organizational efficiency is also related to the costs of operation within an organization. This is because production and provision of goods and services at inefficient level indicates increased costs and the lack of appropriate strategies for execution of tasks, duties and responsibilities of the organization.
Increased efficiency is an indication of organizational ability to ensure increased production of goods and services. This is an indication that the entity is unable to ensure efficiency and attainment of set out goals and objectives within the project in the organization (Meredith, and Mantel 44). Change is a necessity in the world given that the author was able to watch the movement of individuals towards the arrival at the identification location. The necessity of change is due to the need to execute identical tasks in a new approach. This provides employees with the ability to execute functions in new approaches.
A high level of output is usually provided in a new means of executing tasks. In addition, this also ensures that all employees are able to accommodate one another. Organizational needs and wants usually evolve as a result of changing market dynamics. This provides a high level of competitiveness and enthusiasm among the employees about their anticipated working environments (Kerzner 46). .
Challenges posed in the management of projects included the set up unrealistic goals and objectives, unprecedented market changes within the provided market of operation. The failure to meet expectations of the project goals such as a desired level of employee efficiency, the failure to achieve a desired level of output in terms of efficiency was as a result of the changes in the systems. However the overall changes were evident over time as the entity was able to alter its perspective of providing employees with unmatched remuneration given the nature of tasks executed by the employees (Project Management Institute 53). Additionally the use of technology to ensure employee and organizational efficiency and productivity is paramount. This ensures that all activities within the organization by the employees are excited with respect to a provided time frame. Furthermore the level of employee involvement determines the success of the project. This is in that a high level of involvement results in the achievement of the desired level of output and sales, despite such figures and expectations simply being figures within a proposed project idea.
Work Cited Kerzner, Harold. Project Management: A Systems Approach to Planning, Scheduling, and Controlling. New York: John Wiley, 2001. Print.
Lock, Dennis. Project Management. Aldershot, England: Gower, 2007. Print. Meredith, Jack R.
, and Mantel, Samuel. J. Project management: A managerial approach. New York: Wiley, 1995.
Print. Project Management Institute. A Guide to the Project Management Body of Knowledge (pmbok Guide). Newtown Square, Pa: Project Management Institute, 2004. Print.