1. Some of the challenges that project managers face come about personnel, estimating expenses, authority, and controls. Where to pull people from and the skills required in completing the tasks must be taken into account across the organization. More assumptions may be used then facts in the estimation of the project because of its uniqueness. How are the authority levels determined when dealing with management across the board? The project manager must chart out a chain of command the best they can and always keep communication open. In controls, normal accounting practices have to match and be on pace with the project to adjust for budget constraints. With the remodel, my challenges will mainly be on the scheduling and budget. Contingencies could occur if there proves to be pipe issues or water damage that needs to be addressed. Authority is shared among all members, expenses are at acceptable levels, and costs will run up-to-minute.
2. Project management is independent of industry and the managers are not. The discipline requires the manager to excel in three areas, project management, business management, and harbor the technical skills required for the specified project. With my project I lack pretty much all of those three mentioned skills above. I have never managed a project financially before, I am good with estimating and budget, and I lack the technical skills of plumbing and tiling. I will trust the team members with their expertise.
3. The success of the project is very important. It is measured in three ways: on time, within budget, and quality expectations have been met. Quality is further classified by scope and performance. My project will have its own equilibrium. I am willing to sacrifice some quality meaning the design doesn’t have to mimic the Sistine chapel. My costs are a factor so the most expensive materials need not be used. Timing is crucial because we only have one bathroom in the condominium.
4. The three major functions are definition, planning, and control. Each of these areas are equally important. In the definition phase it’s up to the project manager to answer all the questions that pertain to the purpose, goals, and constraints of the project. The planning phase puts together the details on how to reach the project goals with the given constraints. Project control is the glue that keeps the project moving forward toward completion. It will be my responsibility as project manager to ensure that each of these phases are managed appropriately. Doing so will streamline the process and provide more desireable results for all stakeholders.