Week One Discussion Questions (Mgt-437) Project Management Essay

Week One Discussion Questions (Mgt-437) Project Management - Essay Example A project’s focus looks at the strategic tilt of the business as the project gives the indication whether or not the success will be achieved for the different business entities and how the same will shape up the future realms of the business in the long run. 2. What is a project life cycle? How do project life cycles differ among organizations? To what degree does the structure of the project life cycle used by the organization affect the project manager’s job? Explain your answer. A project life cycle is a series of steps that are taken in order to reach the end goal within a project itself. It is important that a project life cycle is apparently drawn in order to assist the project team members in understanding the work domains. Project life cycles differ amongst organizations because they depend upon the nature of the project work, their deadline requirements that need to be taken care of and the stakeholders who will be directly or indirectly affected by the project in essence. The project manager’s job is seriously affected by the project life cycle because it makes him wait for certain activities to end before he could align the other project deliverables. The need for understanding the time glitches and work requirements is essential for a project manager in order to deliver value. A project stakeholder is a person who is directly or indirectly affected by the project’s results. Some examples of project stakeholders include the people who have invested heavily within the project’s domains as well as those who remain within the background but are linked with the project on a very constant basis. The stakeholders of a project are also comprised of the people who will be affected by the outcome of a project in the long run. When stakeholders are not identified and addressed early on in the project, the projects get affected by such incidents in a very