Using Modern Project Management Tools and Project Management Guidelines for Business Projects
Latysheva O. V.,
Phd of Economics, Associate Professor
ORCID https://orcid.org/0000-0001-6626-1420
e-mail: olena.latysheva@mipolytech.education,
LLC “TU “METINVEST POLYTECHNIC”, Zaporizhia.
Citation Format
Latysheva O. V. Using Modern Project Management Tools and Project Management Guidelines for Business Projects. Management of Economy: Theory and Practice. Chumachenko’s Annals: collection of scientific papers / Institute of Industrial Economics of the NAS of Ukraine. Kyiv, 2024. P. 196-207. DOI: https://doi.org/10.37405/2221-1187.2024.196-207
Language
Ukrainian
Resume
This article addresses the current issue of utilizing project management tools for effective project planning and implementation. It identifies the specifics of applying project management standards and relevant guides (guidelines, manuals, instructions) for business projects. The article outlines the tools of major project management methodologies according to modern standards. It describes the areas of application for contemporary project management tools, namely frameworks, models, and project management guidelines for business projects. The article highlights different focuses within the most common standards: from emphasizing processes for project teams (in the PMBOK standard, Project Management Body of Knowledge Guide), to focusing on individuals, specifically the level of technical, behavioral, and contextual competencies of professionals (in the ICB IPMA standard, Individual Competence Baseline IPMA), and also the orientation towards the company, its development strategy, and the alignment of projects with this strategy (in the Japanese P2M standard, Project and Program Management). The article presents project frameworks (templates for the logical framework matrix, communication plan, and stakeholder engagement plan) that help organize, plan, and manage projects regardless of industry or economic activity. It is determined that a project framework is a kind of “skeleton” that provides a systematic approach to project implementation and allows for managing its various aspects. It is noted that a project framework provides a structure that helps create a project roadmap, reduce uncertainty and risks, and enhance project management efficiency. It is formulated that the main components of a project framework can include tools and models according to the chosen methodology (Agile or Waterfall) for defining responsibilities within the project for the project manager, team members, and stakeholders; software solutions, methods, and models that help manage resources, timelines, communication, risks, quality, changes, track progress, evaluate project success, and generate documentation and reports; and more.
Keywords
project management, project management standards, Project Management Body of Knowledge Guide, Agile and Waterfall methodologies, project management tools, framework.
Referensces
- A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Seventh Edition and The Standard for Project Management. (2021). Project Management Institute, Inc. 370 р. Retrieved from https://pmiukraine.org/pmbok7/.
- A Guide to the Project Management Body of Knowledge (PMBOK Guide) – PMBoK, 6 Edition. (2017). Project Management Institute, Inc. 756 р. Retrieved from https://pmiukraine.org/pmbok/6.
- Project Management Institute: standard, manuals and guidelines for project management. PMI: world library РМ (project management). Retrieved from https://pmworldlibrary.net.
- Pidtrymka polityky rehionalnoho rozvytku Ukrainy. Rozrobka Povnoi formy zaiavky proektu [Support to the regional development policy of Ukraine. Developing a Full Project Application Form]. (2013). GIZ IS in partnership with GFA, with the financial support of the European Union. 35 р. Retrieved from https://regionet.org.ua/files/06.PCM_Ososinska_Materials_Part2.2_Manual_Developing_Full_Application_Form_UA.pdf [in Ukrainian].
Full Text .pdf
Received: 29.10.2024
Accepted: 15.11.2024
Published: 20.12.2024