Unit 8 Essay Example | Topics and Well Written Essays - 500 words - 1

Unit 8 - Essay Example The author therefore lays out number of important elements of project management making up the best practices culture that must be observed by all project managers. training is particularly important considering the fast changing times and environments and as such companies have no options other than investing in continuous education for their project management teams and employees to keep up to date with industry standards. The first success point is for the project managers to get everything straight from the onset. It is important for managers of projects to understand the main goals of the particular project the needs of their clients in order to give the best. Secondly it is particularly important to carefully study and understand contracts before entering into any commitments. Assessing major clauses such as those on liabilities, indemnification warranties are worded right so as to avoid unnecessary legal suits and court cases. This eases the project implementation process and helps eliminate unnecessary delays. Another very important success factor in project management is the kick off meeting with a client. It is a very crucial meeting and therefore both the project managers and key project team members should be present in the meeting alongside key persons from the client end. This is because expectations are set in this meeting and as such it helps project teams figure out how to better manage the expectations of their client. The project managers should also never overlook stored materials; they should understand the way to bill for materials that are stored and also know the hidden costs that may come with early ordering of materials. To this end, timing is important especially when it comes to warranties. The warranty time begins counting immediately equipment are purchased and hence the earlier the installation the longer the period covered by the warranty. The final and ultimate success point in project