The impact of time management on effectiveness of projects Dissertation

The impact of time management on effectiveness of projects - Dissertation Example Industrial revolution gave rise to the concept of time management; industrial revolution also gave rise to scrutiny of projects and the concept of project management. Managing time has been considered an essential skill for success in life. Projects have been found to be failures as they could not deliver the intended value. Completing a project on or ahead of schedule is not an effective measure of project success. The effectiveness of project differs from efficiency, the latter being dependent on maintaining time, cost and quality or remaining within the confines of the Iron Triangle. However, projects are not supposed to be effective if they do not achieve the intended objectives even if they have been completed on time. Projects are complex and have risks inherent which necessitate that buffer time is always built in the planning stage. With the aim to evaluate the impact of time management on the effectiveness of projects, four objectives were set in Chapter I. All the four obje ctives have been achieved based on a quality study through secondary data. The study, based on an analysis of past projects, finds that time has not been effectively used in project planning and implementation. Time schedules have been maintained and personal or political interests have taken precedence over project goals. Under pressure people are unable to deliver and give their best. Just completing a project within the defined time does not ensure effectiveness of a project. Effectiveness differs from efficiency where efficiency pertains to adhering to costs and time. Effectiveness pertains to doing the thing right even if it means time overruns. The outcome must add value and be of benefit to the stakeholders. Effective communication and information sharing also contribute to the effectiveness of projects. The parameters of project success may differ across projects and business environment but overall it should meet the intended objectives and not be constrained by resources such as time. Uncertainties and risks are inherent in projects, and these nee d to be built in the project duration. Time allowance or buffering of time is essential which would help meet unexpected events in the implementation of projects. While some discipline is essential to maintain schedules because activities may be interdependent, focusing on the clock in doing the right thing can be counter-productive. Crashing an activity to save on time can lead to compromising on quality or on project goals. The role of the leader is critical to the success of projects. It is important to have skilled and experienced leaders for projects who have the responsibility to keep the team motivated, to plan with realistic schedules and thereby deliver the project successfully. The study finds that time management has an impact on the effectiveness of projects. Maintaining time is important without which chaos and discipline would prevail. However, time has to be managed and planned. Effectiveness of projects is to achieve the project goals. A project may be late and overs pent but it should have delivered intended value. The study concluded by highlighting the limitations and making recommendations based on the limitations. Table of Contents Chapter I Introduction 1.1 Background 1 1.2 Rationale for Research 3 1.3 Research Aims & Objectives 5 1.4 Scope of the Study 5 1.5 Structure of the Study 5 Chapter II Literature Review 2.1 Chapter Overview 7 2.2 Definitions 2.2.1 Time & Time Management 7 2.2.2 Project & Project Management 7 2.2.3 Effectiveness 8 2.3 Evolution of the concept of Time Management 9 2.4 Benefits of Time Management 11 2.5 Factors affecting time management 12 2.6 Project & Project Management 14 2.7 Effectiveness of Projects 15 2.8 Effectiveness of Scheduling Tools in Project Managemen

Business Ethic related to Kraft Essay Example | Topics and Well Written Essays - 750 words

Business Ethic related to Kraft - Essay Example Making enticing advertisements for children about unhealthy eating is unethical. This, in essence, is taking advantage of the minors to achieve business objectives. Several moral principles are relevant to the case study analyzed in this paper. According to Weiss (24), moral principles can play a great role in enabling a business to make informed choices that balance economic interests and social responsibility. A major moral principle that is related to the case study is the principle of common good and community. This moral principle indicates that individuals grow and achieve fulfillment in a community setup. As a result, their social life is greatly influenced by their relationship with other individuals in the community. Giving of wrong or inadequate information to people in the society violates this moral principle. This is because it is an exploitation of the other people in the society for one’s own benefits. The company in this case study violates this moral principle by giving wrong or inadequate information in its advertisements. Children below a certain age are not allowed to make major decisions about their lives. Parents or guardians are the ones who are supposed to make decisions on their behalf. The other moral principle relevant for this case study is treatment of every individual in the society with honor and dignity he/she deserves. Advertising to little children below the age of twelve is failing to treat them with dignity and honor. This is because children are not able to make good decisions related to their health. Therefore, advertising foods to them is like taking advantage of their state and position. This is contrary to the requirements of the Catholic Social Teaching (CST). Moreover, it is contrary to the expectations of the society. Therefore, this is a moral principle that is frequently violated by organizations like