Track: Project Management
There are various challenges which come in the way of successful project management. The success of any project is defined by how all challenges faced are dealt with. The challenges can even turn into opportunities with proper management and planning. Project management is the implementation of specific knowledge, skills, tools, and procedures to achieve the desired project goals. There are five stages for the successful management of the project. This paper presents the major challenges faced in the project management’s step one- Project Initiation. The project initiation phase broadly defines the project goals. Organization comes up with many ideas through brainstorming and then through proper planning ideas are turned into concrete goals for which the whole plan is built up. Once the goal is set, stake holders are defined. There are many challenges faced even at the first stage. The few challenges are thoroughly explained in the paper. The major challenges faced during the project initiation stage are assignment of authority, list of task assignment, project cost planning, prioritizing goals and stakeholders list and their expectations. All are to be properly dealt with, else the success of the project is at risk. Few research papers are critically reviewed to support the arguments stated. One talks about the “Critical Issues Related to Metro Rail Projects in India ' which specifically talks about the metro rail corridor in Delhi. It evaluated the challenges faced by the project manager during the initiation phase of the metro rail project in Delhi. The other is about the “Automobile Manufacturing Industry” where the automobile manufacturing industry in India is discussed. It covers the various challenges faced during the setup of a manufacturing plant. These both papers also illustrate the solutions to the problems faced.