Project management is so important to any established
organization within an industry. Without a specific approach to the task of
managing a project, achieving desirable objectives would be almost impossible.
There are, however, many different ways in which a project can be carried out
and the way in which it is executed. There is of course, the traditional method
of managing a project, which includes developing and implementing specific
plans, schedules and budgets etc. throughout identifiable stages. Another, more
dynamic approach, is called effectuation. Effectuation is a more loosely
evolved problem solving technique that allows for speculative formulation along
the way.
As long as the projects purpose is achieved, does it really
matter what approach you take in order to reach those desirable objectives? The
answer to this question is YES YES YES! There are many different ways to carry
out and manage projects because there are many different types of projects that
require different measurables and standards.
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