Best Practice Companies in Project Management Craig W. Roggow

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Introduction Project management is a pertinent aspect in global business. Most firms have independent departments for project management. Wal-Mart and Dell are notable entities in project management. Both Dell and Wal-Mart are model companies with regard to project management.

Objects of this Project Analyze what these best practice companies do within project management. Define the similarities between Dell & Wal-Mart. Describe major differences between Dell & Wal-Mart. Critique Dell & Wal-Mart best practices. Implementing best practices.

Best Practice Company: Dell Inc. Dell is an outstanding firm in the computer technology sector. The firm’s main specialty is the manufacture of hardware components for computers. Dell uses the agile PMLC model in the management of projects with high levels of uncertainties.

Best Practice Company: Wal-Mart Wal-Mart also has an exceptional framework for project management. The company specializes in retail services across numerous jurisdictions. Wal-Mart’s mechanisms for inventory management are exquisite.

Similarities between Dell & Wal-Mart Combination of different models for project management. Combination of different models for project management. Integration of technology into the project management systems. Integration of technology into the project management systems. The use of agile PMLC model. The use of agile PMLC model. Project managers are prominently used in the actualization of projects. Project managers are prominently used in the actualization of projects.

Differences between Dell & Wal-Mart The project management mechanisms at Wal- Mart are subdivided into distinct units. The project management mechanisms at Wal- Mart are subdivided into distinct units. Dell, Inc. employs a holistic approach to project management. Dell, Inc. employs a holistic approach to project management. Implementation initiatives for Wal-Mart are mainly associated with elaborate planning. Implementation initiatives for Wal-Mart are mainly associated with elaborate planning. An ad-hoc approach is used by Dell. An ad-hoc approach is used by Dell.

Critique of Best Practices: Dell & Wal-Mart Risk analysis is a prominent component of project management for both Wal-Mart and Dell. Risk analysis is a prominent component of project management for both Wal-Mart and Dell. The companies have exceptional mechanisms for the mitigation of risks. The companies have exceptional mechanisms for the mitigation of risks. Communication is massively influential especially in terms of transition of different phases. Communication is massively influential especially in terms of transition of different phases. Quality metrics have not been integrated adequately by Wal-Mart. Quality metrics have not been integrated adequately by Wal-Mart.

Implementing Best Practices Scope management is an essential aspect in the implementation phase. The combination of different models of project management is also immensely beneficial. Stakeholder management is crucial in the identification of potential pitfalls.

Conclusion Both Dell and Wal-Mart are model companies with regard to project management. The success of both firms is founded on excellent blueprints for project management. In view of such uncertainties, Dell uses the agile PMLC model to streamline projects involving the introduction of new products.

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