It was mentioned in the slides that companies with different sizes i.e. smaller companies use different project management techniques than that of larger companies. Why are the project management techniques different for the companies based on their size?
Every project and team is unique. For example, certain projects may be straight forward and predictable while other projects are more complex and risky. These two different types of projects would have to be managed differently because of this. Likewise, different sized companies have different types of projects and different risk levels and therefore cannot me managed the same way. The project management institute has an interesting article explaining that one size does not fit all when managing a team. Different components that may affect project management style listed include what stage the project is in, what industry is the project for, what are the strategic goals of the organization, the the project plan-driven or change-driven, and how big or important the project is. I attached the link below for reference.
https://www.pmi.org/learning/library/choosing-right-project-approach-9346
Smaller companies have much less people to manage making it simpler in a way but in other ways more crucial as individuals in smaller companies are more than likely in charge of a larger portion of the work required to complete a project compared to a larger company where an individual’s specific contribution is a smaller fraction of the total work. This would mean that with smaller companies managing things like communications is important because if anyone falls behind it could have a major impact on the projects time-frame, where in a larger company communication managing is a challenge with the sheer number of people that need to be communicated with. Both large and small companies have different advantages and disadvantages and need to be managed accordingly so that there are no wasted resources.
Going through this course I think I have always pictured a big/established company; never really considering the workings of a smaller, start up one. I think it is definitely true that certain projects may be straight forward and predictable while other projects are more complex and risky, as ashley has already said. This in general would dictate the type of management needed and required for the company to succeed. I also had never thought about cs22's point on communication, but I do think that is a great example. For smaller companies, team members are splitting larger work proportions. Communication would definitely be key to their success. I think for a smaller company, it would help to have either functional or project management where as a bigger company I would think it would more beneficial to have a matrix organization.
Company size greatly affects the project that the manager is handling. it could change budget, team member size, and in some cases the quality of the workers that the manager has. It is important for the manager to be able to adapt to different enviornments and handle different companies well. A project manager that has a lot of experience at a smaller company may struggle with the change to a larger company. The might lose track of money, not be able to handle the workload, or may not be able to handle larger egos of higher level employees.
Resources, budget,responsibilities and skills are main factors to determine how to manage a project in a small or a large company. Effective project management in a small business means reaching the project goals on time and within budget, despite having fewer resources than large organizations.
Project management techniques are different for different sized companies because bigger companies have a lot more workers to take care of and a larger budget that could potentially be wasted or misallocated. Even though both companies will have project managers or functional managers looking over their team, bigger companies will have more managers, which means more potential for time delays and for things to go wrong or overlap. Smaller companies are easier to coordinate with everyone based on their size. Also, losing a member of a project team for a smaller team is more detrimental than losing a project member for a really large corporation that can easily be replaced. Therefore larger companies will have stricter schedules and regulations to make sure that everyone in their large corporation is working to full efficiency. Also, people in a smaller corporation may take on more duties than people in a larger corporation who can spread the work out more evenly.
Project management techniques differ from company to company because it is due to availability of resources and past experiences. Larger companies will more resources to work with, and I’m sure they have gone through many projects and have learned from them all and have optimized their techniques fully. Smaller companies need to pick and choose what projects they pursue and might have as much money and resources to play with. A project failing could be a disaster for them, with closing down being a end result. So they don’t have the same level of experience as larger companies do, and aren’t able to take on as many risks as larger companies can and learn from them.
Project management team can be big and small depends on the organization , project work ,resources, knowledge skill ect. Team can be big or small they ultimate aim is reach project scope and description.
The thing with project management techniques is that they MUST differ from not only company to company, but also project to project. Depending on the size, culture, and type of company, most places usually have a baseline of rules and regulations they follow in terms of their management style. However, depending on what the project is, things can be added and taken away within the same company.
However, things will always be different from one company to the other because they handle different products, consumers, and employees -- each management plan must be different to fit.
Project management techniques are different based on the size of the company. When the company is small, all work in the same department or functional areas. The team members report to the same manage. The scope statement and requirements are not complicated. The project manager break down the project scope into the assignments for the team members. Weekly reports from the team members lets the project manager to spot any problems early which can be fixed. In large companies the project manager goes through extensive scope and requirement process. Cost benefit analysis and feasibility studies is done.
In project " size " is an all encompassing designation, used to quantify the overall "extent" of the project effort, usually accounting for duration, cost, complexity, staffing requirements and related parameters. This allows projects to be characterizes in comparative terms ( small, medium, or large) . Many factors go into project sizing, including estimated duration, resource requirements, budget, risk, visibility and related matters. Sizing frameworks should be established to define each sizing factor according to each project size.
the Size shapes how the company works. Having smaller size company means few people in each department which leads how to work with projects and what type of organization (functional, project based, and matrix) they are working with.
Project managers along with their project teams must identify among the numerous project management processes and practices those that are most appropriate for each project. Each project management process should be carefully considered to determine if it is applicable to the project. Today, a project's approach should be developed to reflect the uncertainty that many projects face. Developing a project's approach recognizes that all projects are not the same requirements will likely change, schedules are compressed and often come with imposed deadlines, budgets are limited, and stakeholders will have varying degrees of involvement.
https://www.pmi.org/learning/library/choosing-right-project-approach-9346
First of all, we should consider that every project and its team is unique, for example, some projects can be very straightforward while some other projects can be complicated and risky so we will two different types of managing and teams. Secondly, we may have a small company or big company and as we know different sized companies may have different type of projects with different level of risks so they cannot manage in the same way, for example, big companies have better software, more money, more employee but usually the demand to finish the project earlier and more accurate that the smaller size company with limited facilities.