Project Risk Management Coursework Example | Topics and Well Written Essays - 2000 words

Project Risk Management - Coursework Example Operations management deals with decision making related to productive processes to ensure that the resulting goods or services are produced according to specifications. Effective project management means getting the right things done according to the planned schedule. (Larson and Drexler, 2009, p. 1) Project management begins with planning. There should be an open communication among the members of the team and the aims and objectives must be clearly stated ensuring that they should be related to the objectives of the organization. The project life cycle begins when the project is started until it is declared completed. The key players include the customer who wants to buy the project; the contractor who works on the project up to completion; and the project manager who plans and manages the project activities until it is finished. Teamwork is an effective method in project management. Projects are initiated by recruitment and staffing and the selected team’s individual quali fications should correspond with the required skill for project success. While the group has to work as a team, there must be division of labor. For example, in engineering projects groups rely on individual members who work independently but are responsible to the group. Knowledge, teamwork and management, if studied carefully can provide aid for an effective project management. ... 310) In a project life cycle, we have a project manager, the customer, and the contractor. Moreover, before making decisions, we have to establish calendars. This has to be constantly consulted to see if the team is working as scheduled. This essay is about project management of an information technology application. There are many risks involved in information technology of an organization. The problem is IT security. The aim of this project management is to find a solution to the risks and threats in an information system of a particular organization. Main Body In the early 1900s, rapid industrialization brought in new perspectives to the growth of companies and organizations. Management scientists provided studies and introduced innovations in the workplace and how workers can be productive and relate their work with life. (Lock, 2007) Henry Ford introduced mass production which was also known as the Model T. Most important to project managers is the style of Henry Gantt who estab lished the Gantt Chart. Gantt worked for Taylor and popularized his style which is still used until today. Computers came in and finally the Internet. Manufacturing and construction industries took hold of the opportunity and recognized the many benefits of technology. In the 1970s, there was increase in the usage of information technology. Industrial project management continued as before but now this was added with project management software. With the emergence of the information revolution, project managers brought in a new face. They have to be well-versed in information technology, including how to manage computers and their security. (Lock, 2007, p. 3) There were different methods introduced at that time, particularly in the design and implementation, but some were put