The term project management stands for the assumption that a project has to be successful. There are managers who think if they use the technique of project management, they have a guarantee for success. It is obvious that every structural work which is done by the use of experience and knowledge is even better than a work which is done by the caprice decisions of one person. A project will fail without project management, but the converse assumption is neither correct.  Read more…

2.1 Time planning

Almost every project at the end of its term is running out of time. It does not matter if it is a First-timer or a project that already has been realized many times. This is true even for projects with identical tasks, but different time periods for the fulfilment of these tasks: Whether five weeks or five months, at the end time is short. The reasons for this phenomenon are complex and varied but often not really clear. Sometimes the project was incorrectly planned, for instance with too little or too short time. In other cases there was too much time wasted at the beginning of the project because of the horror vacui effect. This raises the question of whether it is considerable bad in a project to have time even before the deadline is finished. In the last few days of the planning phase there is lot more stress than in the rest of the project. But why is it so? Read more…

A project manager always has to work under pressure of the time-quality-cost-triangle. The quality is fixed, so it is only possible to adjust the time and cost objectives. The common mistakes that managers make are that they want to optimize time and cost with the aid of one of the above-named myths. A myth comes into being because of generalised statements without scientific evidence. This could be because of the fact that a project has worked a few times although the management made mistakes. Not every mistake results in failure, but it is only due to causality that the project does not fail (Kerzner, 2009, p.60-61). Read more…

Considering all these myths and facts one can say that a recipe which guarantees the success of a project does not exist. But there are many ways to identify myths and risks which cause failures. Even the most perfect project planner cannot give a 100 percent guarantee that the project is successful because of unexpected events like natural disasters which could destroy the whole infrastructure of a company and could make the execution of the project impossible. Read more…