Principles of Project Management Essay Example | Topics and Well Written Essays - 1000 words

Principles of Project Management - Essay Example According to the research findings, it can, therefore, be said that in a functional organization, staffs from the main organization are the ones that fill the functional positions in a project, for example, the people handling the Finance and Accounting will come from the Finance and Accounting department of the organization. This type provides clear authority and designation but may lack on the specific needs of a project. The second organizational structure, the project based, is done for huge projects involving a large number of people in a longer period of time. Staffs are accumulated and several functional departments are created from within which promotes clear authority and clear focus. The downside is the duplication of functions among the departments for instance that the project may have a Finance department duplicating the central Finance department. Finally, the matrix based upholds expertise and maximization of competencies within an organization. Here, staffs with requi red expertise report on their specific department while doing tasks and reporting on one or several projects that need their skill. The major disadvantage is the indistinct authority that may occur since one person may report to several project managers. Selection of the organizational structure would depend on the capacity of the organization, the project scale and the time allotted for its completion. The model, as shown, depicts specific authority and relationship among the project team members. The Senior Responsible Owner or SRO is the main owner or chair of the project which requires an active participation and not just a figurehead role in representing the project team.

Sustainability in Global Context Research Paper

Sustainability in Global Context - Research Paper Example Marketing refers to a management role concerned with the determination and satisfaction of the customer demands. Any company must have an effective marketing department in order to either maintain or increase its market shares. By either increasing or maintaining an appropriate market share, the company maintains its profitability thus sustains its continued operations. Profitability and longevity of the business are two fundamental features of a business that must influence the operational decisions that managers make. Sustainability in business refers to the ability of a business to maintain operations over a period. By maintaining operations, the business must maintain a specific level of profitability in order to sustain its operations within the period (Kotler & Fox, 2002). In making operational decisions, managers must therefore consider the strengths and weaknesses of the business. VESTAS, a wind turbine manufacturer seeks to last for more than fifty years a time within which the company seeks to maintain an appropriate level of profitability in order to afford its operational requirements. VESTAS is a new company but seeks to last for more than the next fifty years. The company requires radical yet harmonized production. The production process must tally with the recommendations from the marketing department. This implies that the marketing department is among the most fundamental management departments in the organizations. The department should carry out effective market researches and ensure that every of its decision originates from the prevailing market features. As a manager, the first and the most appropriate action to take is to develop an effective marketing department in the company. This will require the allocation of sufficient financial resources and the employment of the best brains in the industry. The marketing department determines the profitability of the company. The department controls all the operations of the company and influences the relationship between the company and its specific market. An effective marketing department will therefore sustain the profitability objective of the company thus fostering both the growth and longevity for the next fifty years. An efficient marketing department will determine the most cost effective means of productions in the company. The department remains proactive and carries out effective market research in order to determine a sustainable production process. The marketing department is a fundamental aspect of the management that if handled effectively will safeguard the