Critical Chain Project Management

Question: Discuss about the Critical Chain Project Management. Answer: Introduction Project Management is one effective element or perspective that helps the project managers in completing the project in a proper way. This report is considering one Retail organization that is interested in implementing one ERP system within it. This implementation process demands for project management perspective and effective organizational structure and culture. Related concepts with ERP implementation are elaborated in this essay. Importance of Project Management on considered business environment According to the study of project management perspectives involved within the concerned workplace that is interested in implementing the ERP system within it, it is found that the organization is well aware of their scope and project deliverables that are related to their organizational culture and environment. The concerned organization has identified a group of scopes for implementing the ERP system within it, these are: need for system integration approach, demand for customer satisfaction, demand for gaining effective amount of revenues etc. In contrast with this scope identification, this is studied that the organization has compared and contrasted their positioning in the competitive marketplace and then it has taken the decision to implement the ERP system within the organization. ERP system is nothing but an information system that helps to manage various other information systems such as HRMS, CRM and SCM within the organizational culture. The organization structure and culture is very important in order to maintain the effectiveness of the system implementation process within any organization. Matrix structure is essential for maintain the effective implementation of ERP within organization. Project management involves proper selection and management of project as well as resources for managing the project. For proper selection of information system within any organization, it is very important to incorporate matrix structure within the organization. The organization has collaborated with effective suppliers of raw materials, hardware and software support providers those are the crucial elements for managing any ERP system implementation project. Therefore, from the critical point of view, the selection and management of raw materials and resources are correct according to the system demands. The implementation of ERP system within the concerned retail organization involves appraisal of project plan. The project plan and matrix structure is helpful in providing effective responses of the project members. According to the point of view of the project stakeholders in this project it is clear that they have investigated in a detailed way about the conventional system architecture of the organization and then they have decided about the project selection in order to grab the competitive positioning within the target market. Each and every project stakeholders are assisting the project objectives with their appreciative responses. This aspect makes the project objectives more accurate and effective. The elaborated concepts are the positive aspects involved in this project of ERP system implementation within the retail business. Organizational culture is very important in order to provide effective measures within the organization. Besides this, there is a barrier to the project development stages that are harming the project objectives and aims, which can be managed with the help of proper functional approach within organization that is entirely dependent on the organizational culture and structuring of organizations. According to the study of relationship between the project stakeholders, it is found that high priorities of internal conflicting situations are restricting the project leads to fulfil their objectives and goals. This entire scenario is impacting on the project objectives and also demotivating the project members from doing their duties. This aspect can be considered as one drawback or identified risk of the project development. The project management team should take themselves responsible for this chaos as project leader is responsible for managing any kind of conflicting situation going on within the project development life cycle. Risk management is one of the most effective part of the project management concept. There are various risks associated with the implementation of ERP system. Risks identification and risks resolution both are dependent organizational culture and structure. The matrix structure of the organization is helpful in identifying the risks involved within the organization or project implementation. According to the study of concerned project it is clear that the project is facing many non-technical difficulties during the implementation process. Besides these issues the project leader there is some positive scope of marking this project a good one as the project leaders and project members are concerned of their technical risks assessment aspect. The organizational heads strictly follows the evaluation of technical feasibility of the system in each stage of project development. Therefore, the project is ranked well in this category of evaluation. According to the organizational culture and positional attributes involved in this project development the project closure phase is also well programmed and arranged with respect to the demands of the organization. The closure phase of the project is also influenced by the organizational culture and structure. Effective organizational culture and structure is helpful in solving various issues involved within the project. The ERP system has been tested before the implementation of the system architecture within the organization. This technical feasibility test ensures the organization in combating several other issues that can be evolved from the post implementation of the ERP system within it. Therefore, the impact of project management is proved to be beneficial to the organization. The evaluation of the implementation process of ERP system within the concerned organization shows the proper impact of project management on the project development life cycle. Therefore, the importance of project management is mandatory in implementing any information system within any organization. Conclusion This essay is elaborating about the impact analysis of project management in consideration with one retail organization that is interested in implementing ERP system within their organization in order to grab good position with its target market. This essay is elaborated about the critical evaluation of the project management phases in solving issues and evaluating effectiveness of the project results. Bibliography Heagney, J., 2016.Fundamentals of project management. AMACOM Div American Mgmt Assn. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Leach, L.P., 2014.Critical chain project management. Artech House. Martinelli, R.J. and Milosevic, D.Z., 2016.Project management toolbox: tools and techniques for the practicing project manager. John Wiley Sons. 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