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 Context Diagram?
After defining scope and collecting project requirements, the scope and requirements must be modelled or diagrammed. One way of doing ...
What is Avoiding or Withdrawing?
A project team consists of people belonging to different backgrounds, posses different set of skills and expertise and can also ...
What is Behavioral School of Management?
Managers within an organization can use five different types of schools of management based on the situation and type of ...
What is Risk Acceptance?
Threats faced by an organization can be identified through SWOT analysis. Not only organizations face threats but the projects associated ...
What is Feasibility Study?
An organization can identify several different opportunities for a new project. The top management of the organization is responsible to ...
What is Purchasing Contract?
Procurement is defined as acquiring the required. During a project, some products, services and materials must be procured from outside ...
