Write a 9 pages paper on re-establishing alliance associated limited as a dominant force in todays global economy. Projects are usually formulated to enable organizations to add value or bring about beneficial change to the performance and work output of the organization. Projects introduce temporary operations and concepts that are not similar to the normal operations of the organization. Management of such activities is therefore not easy as they require the use of separate management and adoption of technical skills to attain all the project goals and objectives by successfully overcoming any constraints that may avail themselves. For instance, the constraints can be curbed by appropriately allocating the available resources, rightfully optimizing the use of those resources, maintaining the described scope under the proposed budget and time frame (Ireland 110).
Project management was introduced by Henry Gantt who developed the Gantt chart to be used as a project management tool in the 1950s. Henri Fayol formulated the five functions of management that are used to set a foundation for project management. This was followed by the introduction of two project management mathematical approaches. the Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) (Cleland and Gareis 1-4).
Project management comprises of about four to five stages. The first stage is the initiation which defines the scope and nature of the project. The planning of this stage depends on the requirements of the organization, nature of the current operations, design of the operations and the available resources. The second stage entails the planning and design of the project operations. It comprises of a development of a small prototype that should be tested before the implementation of the proposed project into the structure and culture of the organization. The fourth stage is the execution which describes the processes that will be implemented to enable accomplishment of the project goals and objectives for instance coordination of resources and people. The final stage is usually the closing of the project which signifies its acceptance (Harrison and Lock 34).