Project Report Essay Example | Topics and Well Written Essays - 3000 words

Project Report - Essay Example In order to makes themselves stand apart from their competitors and gain competitive advantage; businesses are adopting various project management strategies. By adopting such strategies businesses all over the world are responding to a challenging economic environment thereby positioning scarce investment funds in order to purse and attain a competitive edge in this seemingly competitive world. These initiatives are actually delivered by the projects that businesses undertake which represents a significant investment for the organizations concerned. In order to conduct a robust research, we have adopted a survey questionnaire methodology which catered to set forth questions regarding various aspects of project management followed and implemented within an organization. The survey was conducted over the telephone and was directed towards senior level officials of businesses based in UAE. The sample size was 30 and the reason for such a sample was to overcome any complexities in ambig uities associated with the answers that are obtained from the survey. Moreover, the time allocated for the survey also limited the number of officials who could be interviewed. Having done an in-depth study, it was seen that, businesses are not being able to deliver the commitments related to a project successfully. Although some businesses are delivering the promised commitments, however, the delivery is quite inconsistent. The value that a business is expecting to obtain from a particular project investment is not being achieved, as a result of which the discipline of project management is coming under question. The survey that we conducted in the year 2012 has formed a good ground work which provided a useful insight about global challenges and based upon that we have been able to provide further detail regarding economic challenges and how proper project management helps in tackling such challenges. The trends have changed over the last two years and significant improvement have been seen the project management strategies adopted by businesses all over the world. An increase in the number of project that is being undertaken has witnessed. The study identifies effective management strategies that are critical competitive differentiator and how they are being adopted by businesses in the UAE in order to beat the competition. The project also caters to highlight certain project management practices that will help GASCO to attain more value from investments made in projects and to do so on a consistent basis. Background of the Problem Abu Dhabi Gas Industries Ltd GASCO established in the year 1978 under the benefaction of H.H. Sheikh Zayed Bin sultan Al Nahyan. GASCO is a joint venture between Shell 15%, ADNOC 68%, Partex 2%, Total 15% and ATHEER. The organization aims at capitalizing the significant gas resources of UAE to create competitive advantage. Honesty, integrity and respect are the three pillars of the company’s vision and it also focuses on t he health, safety of people and better environment. The company is also known for sustainable development which allows them to maintain a balance between the long term and short term interest of the business (Davidoff, 2009; Fannin, 2011; Fryer, 2001). It has been observed that in the recent past the company has been dealing with the issue of quality management. The issue of