Key challenges to successful project management

Level: Undergraduate | Grade: 2.1 | Approx. Word Count: 1,500

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There are risks associated with any project which, if not managed correctly, can have an adverse impact on its successful outcome. This paper discusses some of the key elements of those risks.

The term project management has been variously described throughout academic literature (Newton 2006; Barker and Cole 2012; Lock 2012). Lock (2012: 1) describes it as “the management discipline that plans, organises and controls people, money and cash so that projects are completed successfully”. An equally important aspect of the management process is the need to identify and manage risks that are likely to occur.