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Project Management Essay Let’s consider finding a new house as our personal project since we can’t sustain to live in our current residence. We will take the traditional technique of project management for this personal project. A traditional technique involves a series of steps or stages that has to be completed. For this technique, there are five different phases during the development or until the project is completed. The first phase of the traditional technique is the project initiation stage. During this stage, we have to map all our current scenarios or our current situation to our future situation. In this phase, we have to gather all the information about our current situation (i.e. rent, size of place, location, etc). We should also be able to quantify the scope of our project. We must know what our limitations are (i.e. budget, location, etc) and other relevant information. Then we have to gather information for our future home. We have to use the same set of questions (present and future situation) to set the same point of comparison when we compare, or in project methodology terms, when we match and map our current scenario to our future scenario. After matching and mapping, it is now time for us to plan for our future residence.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The second phase of the traditional technique is the project planning or the design stage. Now, in case the future residence needs a few repairs (i.e. adding another bedroom, installing a new telephone line, painting the fence white, buying more curtains for the several windows, etc) since it was picked because it has the most number of pros than the rest and is marginally better than the current, then this phase will make the future residence better suit our needs. After repairing, the future residence can now be tested if it is already safe to live at. It is now time for our next stage.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The project execution or production stage is where we initially move in to our place to test how we feel about our new house. We must be able to deliver everything that was set as our scope or our task-to-accomplish even before the initiation stage. Now, to make this efficient and measurable or quantifiable, we have to list down a set of questionnaire or a set of steps to do and test our new house against it. This phase is called the project monitoring. In this phase, processes are performed to anticipate and correct the potential problems that may arise upon project completion before it happens. To make our personal project quantifiable, we must subject it to a series of questions where it can pass or fail. Questions should be targeted about the changes that we made during the design stage (i.e. if the future scenario served its purpose, etc). For this stage, if there are some questions that our future house was not able to resolve, these will be treated as issues which should be resolved before we will be able to move on to our completion stage. For our project to be quantifiable, profitable, or justifiable, the future scenarios should be subjected to questions that are based, but not limited, to the changes that the current scenarios were subjected to. And the future scenarios should be able to remedy most, if not all, of the remiss of the current scenario. In short, our future scenario should be able to pass all monitoring stage questions in order for our project to be a success. After all issues are closed, or all problems are resolved, we can now move on to our project completion stage. For the project completion stage, our project passed the monitoring stage and all issues are already resolved. Our future residence is finally ready to be moved in and called a home. Reference: LEWIS, James. 2002. Fundamentals of Project Management. New York: AMACOM