Project Management

Project

Project Management Concepts and Applications

PM/571

Project Management Concepts and Applications

A project is defined as a temporary attempt to create products, services, and results that are unique or never done (Larson, & Gray, 2014). Projects are by no means routine, or done on a daily basis. There are many steps in that take place when projects are initiated. The lifecycle of projects is made up of four stages the defining stage, planning, executing, and closing stage each of which play a vital role in the success of the project. In the defining stage organizations define the projects specifications, requirements, and delegate major responsibilities to its work groups. The planning stage is the stage where the budget is determined, quality, schedules are prepared, what the project entails, and the benefits of the project completion. It is the executing stage that the work is executed. Project controls are in place to ensure project remains on track with the organizational goals. This stage is physical and mental in nature. The last stage is the closing stage where the product is delivered to the organization, reviews are completed, and resources are freed up for other work. Projects can be tasking and if not aligned with the organizations strategies and goals will ultimately lead to failure from the beginning. Often when projects take place resources are limited or over exhausted and focus diminishes gradually from start to finish. Nuclear Power Generation is no different as projects are occurring consistently with federal demands and implementation of new technologies. Projects while strenuous in plants allow the plants to become more efficient to their consumers while maintaining safety, and reducing overall costs to the company and its customers. To stay on the grid and competitive with other plants it is vital these projects take place to ensure plants can produce enough power, supply the grid, and increase profits over time....