Business Literature Review Example Sample

M anagementof DifferentProject: A Literature Review SampleAbstract Throughouttheyears,especiallyrecently,previousprojectshavebeenimplemented as a delivery mechanism which does business whileaccomplishing theirobjectives.There isno doubtthatitwillultimatelybecomeoneofthebestandthefastestgrowingtypesofprofessionsinthewholeworld.Eventhoughtheunderstandingofwhatactuallyconstitutesaproject,andwhatdoesnot,continuestobecomeatopicwhichisinvolvedindebates.Thispaperwillattempttopresentaliteraturesearchonwhataprojectis,itscharacteristics,classification,phases,lifecycleandtools.LiteratureReviewEachoneofusplayaroleasamanagerofdifferentprojects.From theroleofahousewife,afinancialanalyst,toaproductionemployee,weallworkonourownsetoftasks.Thesetaskscomewiththeirowndeadlines.Regardlessofthetypeofjobthatyouhaveorthetasksyouhaveathand,weallworkonspecifictasksthataredescribedasunique,involvingpeoplewhodonottypicallyworktogetheringeneralsituations.Theprojectmaybeboundwithasimpleobjectivewhichdoesnotneedalotofpeopleorahugeamountofresources,oritmayturnouttobequitecomplex,requiringtheneedforpeoplewithdiverseskills,andalotofresources,especiallyfinancially.

M anagementof DifferentProject: A Literature Review SampleWhatisaProject? Even though there are a numberofdefinitionsofprojectsacrossdifferentreviews,oneofthebesthasbeenpresentedbyThompson(1985),stating:“Aprojectreferstoanorganizationinvolvingpeoplewhoare dedicated to aparticularobjective orpurpose.These projectstypicallyinvolve expensive,large,high risk,orunique undertakingswhichneedstobecompletedatacertaindate,foraspecificbudget,andsomerequiredperformancelevel.Ataminimum,theseprojectshavetobepresentedwithwell-definedobjectives,aswellassufficientresourcesinordertoperformalloftherequiredtasks. InlinewiththedefinitionthatisprovidedbyPrahar&Sim(1990),whichhasbeenacceptedwiththepurposeofresearch,aprojectmaybedefinedaccordingtothesecharacteristics:1.Apre-determinedstartandend(timeofcompletion)2.Apre-determinedsetofgoals(expectations)3.Aseriesofinterrelatedorcomplexactivities4.AspecifiedbudgetDillon& Lhuillier(2005)alsorevieweddifferentprojectmanagementliteraturewhichareoutlinedasasetofdimensionsforevaluationwhichregularlyappeareventhoughnotaccordingtothesameoccurrence:1.Respecttotraditionalconstraints2.Clientsatisfaction3.Satisfactionofobjectivesaspre-determinedviathelogicalframework

M anagementof DifferentProject: A Literature Review SampleCharacteristicsofaProject ProjectOrientedCompany(POC)isanorganizationwhichdefinesvariouscomplexprocesses,managing a projectportfolio thatinvolvesvarioustypesofprojects.Italsohasaspecificandpermanentorganizationinordertoofferintegrativefunctions,applyingaNewManagementParadigm.Italsocomeswithanexplicitprojectmanagementculture,perceivingitselfassomethingthatisdescribedasproject-oriented.Assuch,POCscomewithspecific processes,including projectassignment,programs,programmanagement,projectmanagement,qualitymanagementofprogramsandprojects,projectportfolio coordination,personnelmanagementandnetworkinginbetweenprojects.Conclusion Aspresentedinthisliteraturereview,wecansummarizethatdifferentprojectsarenaturallyunique,andmuchofthesuccessdependsontheindustry,location,size,complexity,nature,businessenvironmentandmore,inwhichtheyoperate.Thetruthappearsastheconceptinvolving“onesizedoesnotfitall”.Itisalsoagoodpointtobeginwithincertainsituations.ReferencesThompson,H.D.(1985).Implementationanddevelopmentofeffectivecontrolsystemsandprojectmanagementinformation,Projectmanagementhandbook,12(2),495-567.Prahar,Y.&Sim,P.(1990).ProjectSuccess:MeasurementTechniquesandDefinition.Projectmanagementjournal,34(5),45-57.