Project Management
Emerging markets continue to be a promising area for many of America's most beloved companies such as Coca-Cola, Apple and more. This bodes well for project managers in the digital age as the expand operations overseas. However, as these companies become more global, the risk associated with their operation becomes more important. Understanding gender, ethnic and cultural differences can have a profound impact on the overall success of a project manager within the digital age. Our economies are becoming more global with each passing year. Currently, we are in the midst of a global recession, not a domestic recession. This is a testament to the magnitude and extent to which our U.S. operations reach other nations. This phenomenon reaches even into the global work environment as talent within specific nations is becoming more desirable. This talent is often placed in the charge of a project manager who rarely, if ever, interacts with that individual on a face-to-face basis. As more jobs shift abroad, project managers must be aware of cultural and gender differences. More importantly the manager must be aware of how those differences effect the overall business operations.
Evaluate the main areas of project management in the digital age, in terms of the successful delivery of projects.
Our society is becoming more global as technology advances. Companies themselves are now expanding across country lines in order to capture valuable market share and profits. These companies bring with them competitive advantages in terms of operations, product knowledge and human capital. It is this human capital component that will be the biggest force driving productivity gains in the future. As companies expand, so too does the need for product management. This is especially true within a digital framework as technology allows individuals to be everywhere at once. Products such as Skype, video conferencing, and more make management in the digital age more seamless and easy to use. As such, managers in the digital age must be cognizant of its benefits in regards to productivity.
Technology has now become a euphemism for the information age. As individuals, information rarely escapes our grasp as now anybody can have access to its vast array of knowledge. More importantly, in the midst of our global society, technology has a profound role on our nation's ability to participate in a more competitive environment. As the age old adage states, "Knowledge is power," and in many instances this statement is correct. Information allows project managers to make better informed decisions regarding projects that can have grave implications on society if the solution is incorrect. Further, information allows the project manager to obtain more convenience in regards to access and search of particular concepts (1). Technology allows humans to live longer while allowing them to live more productive lives, which directly correlates to a project managers overall performance. Less people are getting sick, and therefore are working. The benefits that technology derives are as difficult to enumerate as they are to fully comprehend.
The first main area of successful project management in the digital age pertains to collaboration. Interpersonal collaboration is extremely important as our society becomes more global. Working professionals in each team vary in skills, experience and expertise. It is the project manager's job to leverage these skills and abilities to further the ideals of the team. In order to be successful, the project manager must be engaged with each team member irrespective of his geographic location. Technology makes this point more difficult as many teams do not meet in a traditional fact to face manner. This fact is further compounded by the fact that many individuals within the group are from international backgrounds. As a global society, the project manager must overcome the differences in background for the greater good of the group. Asian individuals will have a different value system then that of an American interpersonal network. The benefits of having an interpersonal network are quite obvious to the laymen. However, the benefit of and limitations of such a network are almost entirely defendant are the underlying culture aspects. For example, an interpersonal network of Chinese or Asian social workers could quite possibly be very different then the interpersonal network of an American social worker. To overcome these differences within the digital age, managers should elect to have a common metric of success and actions that all individuals in the group can utilize. One such example comes from Macy's Inc. An American retail chain. Macy's currently operates more than 800 stores worldwide, with many stores located in areas such as Guam, Puerto Rico, and Dubai. Macy's is indeed an...
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Project Management and the Federal Sustainable Energy Initiative Today's IT Project Management The Project Management Failings of the Obama Administration's Sustainable Energy Initiative Dr. Beverly JN Bowen, PhD As the global economy continues to suffer the devastating consequences of unchecked growth, in the form of a prolonged recession which has decimated the housing market, private enterprises and public policymakers alike have a vested interest achieving a sustainable form of urban development. Seeking a balance
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Project management is an important component in the success of projects undertaken by modern business organizations or enterprises. Organizations embark on project management initiatives to help promote the success and effectiveness of their various projects. However, organizations across the globe face substantial project failure rates, which are often costly since they waste millions of dollars in the process. Given the likelihood of project failures, organizations undertake several measures to help
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