Project Management (organizing a talent show) Essay

Project Management (organizing a talent show) - Essay ExampleSecond section nonpluss critical upbraiding of team work, key skills of project managers and skills and competencies gained during the project. Last section critically discusses the four articles on Project management from academic journals that are related to the study eye socket focused during the project management task. Table of Contents Section No Title Page No Critical Evaluation 1.1 Introduction 1.2 SWOT compend 1.3 PESTLE abbreviation 1.4 Gantt Chart 1.5 Cost Volume Profit Analysis 1.6 Summary Critical Reflection 2.1 Introduction 2.2 Team Work 2.3 Leadership 2.4 Skills and learning 2.5 Summary Critical Discussion 3.1 Evaluation of Journal Articles Critical Evaluation 1.1 Introduction This section is an endeavor to critically evaluate the significance and implications of four come on of the ten techniques namely SWOT analysis, PESTLE analysis, Gantt chart and CVP analysis in managing the project. The analyses of these tools and techniques would then be made part of the subsequent presentation to discuss their validity. From an accusatory point of learning, the study and utilization of these techniques is not only critical to educational domain but also crucial to existing practices in the industry. 1.2 SWOT Analysis SWOT Analysis is an instrumental subjective tool to identify the internal organizational factors, Strength and Weakness, and external factors, threat and opportunities to best align the organization with its strategical objectives and identify the best possible scenario for operation by augmenting the decision making process as guide reference and not with precision. Although it is a much acknowledge and widely used tool in industry, but Fine (2009) has questioned the limitations of SWOT analysis to effectively determine the strategic objectives and course of actions to be adopted by any organization. Wikipedia (2011) pointed that it is quite possible for an organization t o overlook certain key facts and view the overall scenario as quite simple since the tool lacks precision in its application. Because of its simplicity to become a mere list of facts, Cartwright (2002) suggested carrying out further analysis and research for determining the relation between negative and positive factors and how they regard each other, their magnitude and their significance in comparison to that of competitors. Piercy and Giles (1989), is of the view that categorizing facts in internal and external factors is a subjective exercise and may not grant with inherent uncertainty prevailing in the market. According to Pickton and Wright (1992), since the tool is subjective in its application, there is strong probability that accomplishments may be categorized as strength, threats as opportunities and weaknesses as decisions. As a counter argument, Coman and Ronen (2009) stressed that SWOT analysis is an effective tool to build a companys strength, maximize opportunities, reverse its weaknesses and overcome threats. He further adds merits to the capability of this tool for effectively identifying the core competencies of the company. Felton (2004) goes on adding that it is not the failure of the effectiveness of a tool to present good analysis rather failure of applying it effectively. Besides the inherent limitations associated with SWOT analysis and criticism by many authors questioning its