Management Essay Example | Topics and Well Written Essays - 2000 words - 23

Management - Essay Example This paper will focus on the relationship that exists between the organisational project and the risk management application. In addition, the paper will also discuss the importance of risk management system implementation to achieving the objectives of the project. The paper mainly focuses on the project management and project risk management. The first part of the report discusses what project management is and the merits and demerits of the project management. It also highlights the success factors in the project and the project progress control. The second part of the report focusses on the projects risk management and the role of the success in the project. Finally, the final section of the report gives a clear description of the project, which is the international conference organisation and its alignment to risk and project management in projects (Kutsch & Hall 2010, pp.245–255). The project chosen for analysis is in the field of construction, there is a risk manageme nt process that will encompass all the phases of a lifecycle of constructing an infrastructure. The construction of footpath along major roads in the cities was chosen to ease pedestrian’s movement. A project is a temporary activity that is designed specifically to produce products that are unique, services or results. Projects do have definite beginnings and ending time. They operate within a particular scope and resources. Projects are unique activities since they are not done on a routine operation, but they are on precise sets of operations that are precisely meant to accomplish particular individual goals (Tesch et al. 2007, pp.61–69). Therefore, project management is the application of skills, tools, knowledge and techniques to the activities of the project to meeting the requirements of the project. The realization of project management is through integration and application of the process of project management of initiation, planning, execution,