Sample Solution

  A project is a temporary endeavor undertaken to create a unique product, service or result. Projects have several attributes that make them unique and different from regular day-to-day activities. These include having clear goals, defined start and end dates, a limited budget for resources, specific technical requirements and an organized team of people responsible for its completion. A project is also often characterized by taking on new tasks which are outside the normal scope of work within an organization—it requires out of the box thinking and collaboration between stakeholders to achieve success.

The importance of top management commitment should not be underestimated when undertaking any type of project; it sets the tone for how involved senior leaders will be in driving progress throughout the duration of the project and serves as an indicator that they understand its objectives. Furthermore, establishing standards for successful project management helps provide structure which can help ensure all members involved have a shared understanding as to what defines success in terms of deliverables and timelines based upon agreed upon expectations with stakeholders. Having this level of clarity helps reduce confusion while providing visibility into progress being made towards reaching milestones along the way. An example might include creating standard templates with information such as cost tracking performance metrics, issue logs or risk registers so those managing projects can easily access critical data when needed. IT projects bring their own set of special challenges due to their complexity in regards to both technology and organizational change management components interacting together simultaneously throughout their lifecycle stages: initiation; planning; execution; monitoring & controlling; closure/completion . When considering IT projects it is especially important to carefully assess new technologies being implemented from both functional requirements (how does this actually work) along with non functional ones (security & compliance concerns). Additionally ensuring clear communication channels are established upfront between all parties involved plays a vital role in achieving desired outcomes given IT projects require ongoing coordination amongst wide range stakeholders depending on size/scope thus making effective communication paramount throughout entire journey--especially during times these teams may not always agree on best course action amidst potential ambiguity or unanticipated changes encountered over time requiring revisiting prior decisions made due tight deadlines or other external factors influencing overall timeline/milestones being reached eventually resulting greater understanding alignment meeting key objectives leading successful completion at end so everyone benefits --both investors & customers alike--able take advantage latest technological advances available today’s digital age helping serve purpose bettering society large scale