Excellence Notes: Definitions & Explanations PDF | Download eBooks
Study Excellence lecture notes PDF with project management definitions and explanation to study “What is Excellence?”. Study excellence explanation with project management terms to review project management course for online MBA programs.
Excellence Definition:
Excellence in project management refer to those organizations that create the environment in which there exists a continuous stream of successfully managed projects and where success is measured by what is in the best interest of both the company and the project.
Project Management: A Systems Approach to Planning, Scheduling, and Controlling by Harold Kerzner?
Excellence Notes:
Different types of projects are carried out by organizations. Some become successful while others may fail. Although failure is not a bad thing altogether, but the reputation of a project organization depend upon the number of successful projects carried out by it. Excellence is said to be achieved when an organization successfully completes a large number of projects in a time frame. It is possible that an organization is mature but it may not have achieved excellence. In the context of excellence, success is considered as doing what is best for both the organization and the customer. If all the projects carried out by an organization are successful, it does not mean that the organization is excellent in project management but this shows that the organization is not carrying out enough projects. This means that even after achieving excellence, failure of some projects is inevitable.
Keep Learning with Project Management Notes
What is Managing Stakeholder Engagement?
Identification of project stakeholders is important to increase their engagement in the project. That is why this identification is done ...
What is Conflict?
When people with different backgrounds, skill sets and demographics work together, it is impossible to not having conflicts between them. ...
What is Resource Limited Scheduling?
A schedule for the project must be developed. However, sometimes when a project consists of limited resources, the shortest possible ...
What is Recurring Retrospective?
In agile development approach, in order to check for the changes made in the project, frequent quality steps are performed. ...
What is Burned out?
The job of a project manager is very stressful. He or she can face many situations in which stress can ...
What is Cost Baseline?
Cost baseline is basically a detailed budget of the project. The cost estimates of all the associated activities are included ...