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 Free Slack?
Sometimes an activity takes more time than the estimated duration. Moreover, activities can be postponed due to different reasons. The ...
What is Brainstorming?
In the problem-solving process, different techniques are used. One of them is brainstorming. Brainstorming involves generating ideas and alternatives for ...
What is Effective Listening?
As communication is a key part of successful project management, it must be done in an effective way. Just like ...
What is Grade?
Grade is related to the categorization of products which are similar in function but possess different technical features. Grades can ...
What is Producer's Risk?
Sometimes, it is not possible to inspect all the produced products to check the quality. Due to this reason, a ...
What is Charismatic Leadership?
A project manager is the leader of a project team. A project manager provides guidance and support to the project ...
