Task : As you have discovered in your learning resources, examine project selection methods that can be applied appropriately to the given project and processes to conduct these methods. Consider the Project Management Body of Knowledge (PMBOK) and describe the initial process group and project documents that are created or used as inputs for a new project.
Knowledge areas, process group and PMI's code of ethics
Uber app has been has been developed by the company in order to facilitate Uber drivers all across the world. It is one of the best business strategy of the company that has increased popularity of the company. Company is thinking to upgrade the application in accordance with the feedback provided by drivers all across the world. Following knowledge areas as mentioned in this Project Management Assignment and process groups should be adopted by Uber for development of new application.
According to PMBOK what are the 10 knowledge areas. Knowledge area can be defined as a set of processes, tool, technique and output.
Integration management- Main focus of this knowledge areas to make sure that all the processes and activities in project Management courses are integrated effectively and efficiently.
Scope management- This knowledge area helps in making short that overall objective and scope of a project under consideration is included while deciding different activities to be performed.
Time management- it is very important to complete a project within stipulated time and primary objective of this knowledge area is to apply different Tools and techniques to make sure that project is completed within time decided by top management.
Cost management- Similar to time, cost is also a resource that is available in limited amount. Cost management knowledge area helps in making short that actual cost of project does not exceed estimated cost (Eastham, Tucker, Varma & Sutton, 2014).
Quality management- this knowledge area helps in making sure that efficiency and effectiveness of business activities are maintained so that overall objective can be achieved.
Human Resource Management- Majority of activities are conducted by human resources and this knowledge area helps in extracting full potential of human resources.
Communication management- one of the primary reason of failure in a particular project is lack of communication (Reich & Wee, 2019). Communication management helps in establishing effective and efficient chain of communication.
Risk management- Risk management strategies of PMBOK helps in mitigation of external and internal factors that can have negative impact on project management activities and process.
Procurement management- Any project will require different raw material for input services for competition and procurement management strategies helps in getting cost-efficient resources with effective quality (Eastham, Tucker, Varma & Sutton, 2014).
Stakeholder management- Satisfying needs and requirements of each stakeholders can be performed with the help of stakeholder management knowledge area.
According to principal to of PMBOK, there are 5 process groups as discussed in this Project Management Assignment Initiation- Management of the company is required to develop initiation process document that will help forming base for different project activities. Primary function that is performed in this function is development of a project charter that include different aspects of project management such as identification of stakeholders, scope management, deciding overall objectives and goals etc. (Varajão, Colomo-Palacios & Silva, 2017).
Planning- Planning stage help in deciding timeline and budget related to the project under consideration. It also helps in deciding the primary activities that will be undertaken for achieving overall objectives of the project.
Executing- Majority of time is spent by project manager and its team while executing the project. It is important to execute project in accordance with planning conducted in the second process group.
Monitoring and control- This is type continuous in project management process along with execution stage. Primary objective of this stage is to identify whether the activities are conducted in accordance with plans and if such activities will lead to achievement of a project goals (Varajão, Colomo-Palacios & Silva, 2017).
Closing- Generally closing step involved documenting all the activities undertaken in all the above 4 steps. This will definitely help for execution of similar projects in future.
PMI's code of ethics
Following are the code of ethics and professional behaviour that should be adopted by any business organization following the principles of PMBOK in this business strategy for uber
Responsibility- Generally roles and responsibilities in project management process are divided specifically to each member of the team. It is ethical responsibility of an employee to undertake all the activities assigned to him/her and take responsibilities for its success and failure. In addition to that tractor sensitive information is also an essential requirement of ethical management (Gasik, 2015).
Respect- Project team members should always respect other team members and stakeholders involved in the project management process. It is important to take feedback and suggestions from stakeholders so that project management process can be made more inclusive. This will definitely have a positive impact on final outcome of the project.
Fairness- Project managers should act impartially while making decisions and should not favour any particular employee. This will also help in motivating the employees as transparency will be maintained in project management process. Equal opportunities should be given to their respective of any discrimination on the basis of gender, religion, sexual orientation, age, etc. Decision should be based on skills, knowledge and experience of the employee.
Honesty- honesty and integrity is oven of the most essential part of code of ethics as it helps in development of transparent and effective organizational culture. All the employees should adopt the principle of seeking the truth and speaking the truth (Gasik, 2015).
Cultural competence- All the employee in project management team should be aware about the cultural differences and respect other cultures and do not make cultural presumptions. Professional sensitivity should be maintained while dealing with employees with other culture.
Project management approaches
Sequential methodology: Sequential methodology this approach of project management is also called as waterfall methodology for traditional methodology. In this type of approach which is discussed in this business strategy of uber all the activities are done in sequential manner and moving backward in sequence is very difficult for the project management team. This type of methodology should be used only in situation where management of the company is totally aware about the needs and requirements of the project. In addition to that time and budget available with the organization should also be very high as it is very time and cost consuming process. This method is generally used when nature of a project under development is very critical for the business.
Prototype methodology: Prototype methodology is a totally different from traditional methodology. In this methodology as discussed in this Project Management Assignment a prototype is developed of final system and approval is taken from final user on the prototype. Development of a final is conducted when approval is provided by the final user (Špundak, 2014). This type of methodology as discussed in this Project Management Assignment is used when final user is not sure about the needs and requirements from the project. Project manager uses this methodology in situations where development system under development is new and they have not undertaken any project like this in past.
Agile methodology: Agile methodology as discussed in this business strategy for uber in this methodology follows continuous iteration of development and testing throughout the process of software development for project development. Main focus of this methodology is on conducting testing again and again on the final project until management has not achieved the desired outcome (Marchewka, 2014).
It is recommended in this business strategy for uber that UBER should use prototyping methodology for developing new application. Prototype should be developed and testing should be done on limited drivers and feedbacks should be taken. These feedbacks should be incorporated in the final product.
Project management tools and techniques for risk management
According to principles of PMBOK as discussed in this business strategy for uber, following process should be used by UBER for identification of risk and its mitigation in project management process-
Identifying risk- First and foremost management of the company is required to identify all the internal and external factors that can affect the business process in positive or negative manner. Focus of the organization should be on identifying negative factors.
Performing quantitative risk analysis- Quantitative risk analysis can be defined as the process of assigning probability of occurrence for all the risk factors identified in the above step. Management of the company can analyse past experience and market analysis for conducting quantitative risk analysis.
Performing qualitative risk analysis- This analysis discussed in this Project Management Assignment helps in identifying the impact that occurrence of a particular factor can have on project management process (Marchewka, 2014). Various scenarios are identified in relation to risk factors and their likelihood is identified in percentage form. Special importance should be given to risk factor with higher percentage. Tools and technique used in this method are data gathering, expert judgement and data analysis.
Planning risk responses- In this step management of the organization is required to identify different risk mitigation strategies for identified risk factors. It is important to have more than one risk responses so that alternative response can be taken in case primary response does not help in removing the negative impact of risk.
Implementation of risk response- In this process management of the company implement risk response if chances of occurrence and probable impact is very high.
Risk monitoring- According to this step management of the company discussed in this Project Management Assignment is required to undertake above steps on regular interval of time. This will help in regular monitoring of risk factors and preparing plans for their mitigation (Mesquida & Mas, 2014). Risk monitoring is the most important step in this process as one time execution of these steps will not have any positive impact on project process management process. Project Management assignments are being prepared by our online management assignment help experts from top universities which let us to provide you a reliable online assignment help service.
Easthain. J.. Tucker. D. J.. Vanna. S.. & Sutton. S. M. (2014). PLM sofire selection model for project management using hierarchical decision modeling with criteria from PMBOKZ knowledge meas. Engineering Management Journal. 26(3). 13-24.
Gasik. S. (2015). An analysis of knowledge management in PMBOKt guide. PM Worla Journal. 4(1). 1-13.
Marched.a. J. T. (2014). Information technology project management. John Wiley & Sons. Mesquida. A. L.. & Mas. A. (2014). A project management improvement progrmn according to ISO/IEC 29110 and PMBOKZ. Journal of Software: Evohitío,i and Process. 26(9). 846-854
Reich. B. H.. & Wee. S. Y. (2019. March). Searching for knowledge management practices in the PMBOK Guide. In Proceedings of the Pli!! Research Conference.