Dr. Stolovitch (Walden University LLC, n.d.) mentions that a project manager's role in a project includes initiating and supervising its various components. This involves defining and managing activities and resource allocation, including budget management. Last Christmas, I completed a do-it-yourself (DIY) project to give my bedroom a fresh look by changing its color scheme and making it appear brighter and more inviting. The decision was primarily influenced by the state of the existing paint on the walls and ceiling, which had started to show signs of wear and tear, including fading and peeling in multiple areas. Therefore, the project aimed to transform my bedroom's interior into a more aesthetically pleasing and comfortable space while adhering to a predefined budget. Given that I lacked professional painting experience, I turned to YouTube for guidance, where I watched several home improvement videos to gain insights into the project's scope. After careful consideration, I concluded that I wouldn't need to tackle some of the tasks demonstrated in the videos. I believed I could manage the project independently during my vacation break.
While I achieved my
project's primary goal of creating an aesthetically pleasing bedroom and
enhancing my painting skills, it didn't come without its fair share of
challenges. These hurdles included exceeding my budget and failing to complete
the project within the initially set timeline. Looking back, there were areas
where I excelled and others where improvement was evident. Contributing to the
project's success were the extensive research efforts I undertook before
commencing the project. This research included watching numerous DIY YouTube
videos related to home improvement and painting techniques. Furthermore, seeking
advice from professional painters and hardware store staff concerning paint
selection, color choices, painting methods, and carefully selecting
high-quality materials played pivotal roles in achieving a successful outcome.
Despite the budgetary constraints, my unwavering determination to complete the
project drove its ultimate success.
On the other hand, certain
factors posed significant challenges. The project exceeded the initially
allocated budget due to unexpected expenses, primarily related to the need for
additional materials and tools. Moreover, preparing the ceiling for painting,
involving tasks such as patching and sanding, proved more time-consuming and
physically demanding than I had initially anticipated. Consequently, I had to
enlist the services of a painter to complete this aspect of the project.
Furthermore, since I hadn't foreseen that the project would consume the entirety
of my vacation, balancing it with other personal commitments proved challenging,
resulting in a project timeline longer than initially planned.
According to Williams van Rooij (2010), project management processes
and procedures can be used across many industries and various project types and
sizes. Employing the project management process allows a project manager to
distinctly outline the project, create feasible timelines, and select
processes, levels of detail, and methodological components pertinent to the
particular project in question. Furthermore, Williams van Rooij (2012) highlights
the critical importance of specific knowledge areas within project management.
These encompass time management, wherein project managers engage in activity
duration estimation and resource allocation; risk management, where project
managers identify project risks and formulate risk response plans; and cost
management, in which project managers estimate project costs and develop
budgetary plans. Addressing these knowledge areas comprehensively during the
project initiation and planning phases is crucial.
While
the project achieved success, there are specific project management (PM)
process components that, if incorporated, could have further enhanced its
outcomes. These include:
Project
Planning: A detailed project plan with cost estimates, milestones, and a
contingency budget would have provided better control.
Cost
Management: Implementing a cost management process to track expenses, manage
variances, and control the budget could have prevented overspending.
Risk
Assessment and Management: incorporating a formal risk assessment and
mitigation plan could have helped identify potential issues, such as the budget
overrun, the extent of surface preparation required, or the challenges of
managing time alongside other commitments. This would have allowed for better
planning and allocation of resources.
References
Walden University, LLC. (Executive
Producer). (n.d.). Project kickoff [Video file]. Retrieved from https://waldenu.instructure.com
Williams van Rooij, S. (2010). Instructional design and project management: complementary or divergent?. Education Tech Research Dev, 59, 139-158. DOI:10.1007/s11423-010-9176-z.
Williams van Rooij, S. (2012). The career path to instructional design project manager: an expert perspective from the US professional services sector. International Journal of Training and Development, 17(1), 33-53. DOI:10.1111/j.1468-2419.2012.00414.x.
Antonette,
ReplyDeleteCost management is one of the project management processes that would have improved the outcome of the DIY project. In the article, you stated, "Implementing a cost management process to track expenses, manage variances, and control the budget could have prevented overspending." Tracking costs can be a challenging task, especially when unexpected challenges arise. A project manager needs to create a contingency budget in the project plan.
In the DIY project, additional unforeseen challenges were brought to the surface when attempting to paint the ceiling. The need for other materials and to enlist professional help was not accounted for in the initial budget. This causes the budget to increase or stay the same, and funds are reallocated within the project scope. A contingency budget is a reserve of funds allocated to a project in case of unexpected costs (Opijnen, 2023). A contingency budget also plays a crucial role in risk assessment and management as a project manager. One strategy for managing risk exposure is implementing additional information or clarification into the project. This requires additional funding that, if preplanned, would have little or no impact on the other costs of the project (Moreci & England, 2012).
References
Moreci, J., & England, K. (2012, October 23). Contingency--are you covered? Project Management Institute. https://www.pmi.org/learning/library/contingency-are-covered-6099
Opijnen, R. V. (2023, March 28). What is a contingency budget for project management? Rodeo Software. https://www.getrodeo.io/blog/contingency-budget-for-project-management