Project Management Essay Example | Topics and Well Written Essays - 5000 words - 2

Project Management - Essay Example Projects also enable the development of new products and services and help the organization to respond to changes in the external environment like development of information technology. In today’s scenario, project management indulges in the use of information technology to communicate and develop projects effectively. Projects are designed to enhance the organizational performance and continuously update the systems as they are continuously developing. But in reality, many projects are scrapped or dumped as they are not able to function properly or have incurred heavy expenses during the production space. The aim of this report is to make the readers understand the different reasons behind the failure of a project. The report is divided as follows: section 2 will present an overview of project management; section 3 will discuss risk management and its importance in project management. Section 4 will discuss why a project fails and in section 5, deeper understanding would be gained by the analysis of a case of UK passport processing agency. This report will present why the project to implement new information system failed in the Agency. A project is defined as â€Å"a collaborative enterprise, frequently involving research or design that is carefully planned to achieve a particular aim† (Oxford Dictionary). It is defined as â€Å"a unique venture with a beginning and an end, conducted by people to meet established goals within parameters of cost, schedule and quality† (Buchanan and Boddy, 1992). Few examples of some well published project is the Apollo program which landed the man on moon (Nasa, 2010), the Genome project which mapped the human genome (Genome, 2010). The characteristics of the project is that it is temporary i.e. it has a definite beginning and end, it creates unique deliverables, creates capability to perform a service and is developed in steps. It is different from operations as the processes in operations are ongoing and