Social Project Management Key Concepts and Advantages over...

Social Project Management Key Concepts and Advantages over Traditional Project Management Tochukwu C. Anwasi 300722948 Elizabeth Clarke Business Presentations PMGT 733 April 4th, 2013 Executive Summary Because of a continued shift towards distributed virtual teams, Social Project Management (SPM) is increasingly becoming an option for consideration for project teams seeking to effectively exploit their communication resources in order to optimize their performance. Project managers are constantly seeking for the better techniques for managing their teams whilst maintaining the strict principles which guide the project management (PM) discipline. This report attempts to provide insights into the concept and†¦show more content†¦This topic seeks to answer a vital question amongst project teams: how can you effectively increase your team’s collaborative potentials using SPM, with a view to optimizing its performance on the project, whilst still retaining your leadership role? SPM offers some help in this direction. However we must understand the true meaning of its concepts, as well as internalize its realistic features, to be able to fully harness its full benefits. Social Project Management Concept and Philosophy According to a 2010 Trilog Group White Paper, Social project management (SPM) identifies the need for project team members to access important information (Trilog, 2010), some of which include: * the goal of the project on a specific day * the set of tasks required to be executed * who has the skills and knowledge required to complete a task * who is assigned to each task * the changes happening in our environment that affect * where to get needed information and assistance * where to share ideas and knowledge(Trilog, 2010). Project management is accomplished through the application and integration of the project management process groups: initiating, planning, executing, monitoring and controlling, and closing.†(Ambriz, 2010). This clearly represents the foundation of what has come to be known as traditional project management (TPM), upon which other techniques were developed. Thus we may also define TPM based on the original rigidShow MoreRelatedNetflix Competitive Analysis1002 Words   |  5 Pages1. A key business goal was to reduce the cost of building the DVD library. One tactic used to achieve this goal was to stimulate demand on older and lesser-know movie titles. Shifting demand away from higher cost new releases drove down the average price of acquiring DVDs and improved asset utilization. This produced increased margins and profitability. To balance demand Netflix developed a proprietary recommendation system. The system enabled the transition from a manual one-size fitsRead MoreExternal and Internal Environment Analysis1565 Words   |  7 Pagesperformance. 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