Describe a Project You Have Managed Personally or Professionally

  Mission and objectives

The project’s mission aimed to maintain accountability and oversight of the company’s financial projects and assist the finance department with efficient provision of updated financial resources in support of institutional objectives and priorities. In consistence with this mission, the project targeted to:

  • Implement an online financial management system.
  • Allocate tools and resources for finance management.
  • Institute a governance framework to oversee the project’s progression from commencement through closure.
  • Provide consumer access and involvement to vital project processes and procedures.

Project scope

The project targeted to introduce new updated financial systems between February 2020 and November 2020 in Bayclif Corporation. It was accomplished by procuring online systems similar to those utilized in banking facilities. It was necessary that the project’s scope is understood by all stakeholders and all project tasks are conducted within the framework of the scope statement. The project deliverables included:

  • An online financial system.
  • A project status report.
  • Enhanced customer service.
  • Increased number of customers.


  • Permit was approved-April 3
  • Sponsors were identified-Feb 10
  • Budget was designed and funds were allocated

Project requirements

  • Initial capital for training of team members, feasibility study and procurement of tools.
  • Adequate finances and technical capacity to implement and manage tasks from inception to the completion of the project.


  • Inconsistent cash flow.
  • Inadequate resources to sustain the program.
  • The team members lacking dedication to the project.


  • An adequate supply of resources throughout the project.


The need for the project

The need for the project was identified by internal stakeholders especially those from the finance department. Finance officials discovered that the financial tools in use were rather ineffective as transactions and billing processes were regularly delayed. The company’s competitors seemed to undertake their financial processes with increased precision and speed and provided better customer service. They also had a higher number of customers and partners. Consequently, this prompted the finance officials to request a reassessment of the company’s financial systems. The heads of the finance department and managers of the company held a meeting to identify the strategies that could resolve the problem. They ensured that they evaluated the capabilities that would enable the enhancement and effective implementation of proper financial systems. Further, they assessed the risks and benefits of introducing new systems.  After the evaluation, the main stakeholders including management officials proposed the launch of a project that targeted the improvisation of the company’s financial systems.

Project costs and funding

The costs consisted preparatory fees , project overheads, operation and maintenance costs , financing costs and contingency costs that accumulated to an estimated 840,000$.Funding was mainly obtained from commercial loans and sponsorship. Prior to borrowing loans, a banking facility that provided loans at minimal interest charges and had consistent cash flow, was identified. A sponsorship brief including the benefits and opportunities for sponsorship were defined to attract prospective sponsors.  To effectively manage project expenditure, development had to be phased. Great importance was directed to the initial planning of the project to prevent under-estimating the costs. It was preferred that surplus funds were allocated to expand the project than to minimize necessary components later as the project progressed. Careful planning to avoid costs on temporary facilities was undertaken and development was programmed to match up available financial resources from wherever they may originate. Efficient cost management was paramount to prevent the escalation of mismanaged costs, which could disrupt project completion.




  Feb Mar Apr May June July August Sep Oct Nov
Project proposal


Draft proposal


Inform stakeholders


Select a team and project manager


Design budget


Procure tools and resources                  
Implement Project                  


Project team

Team members

The team members executed the project tasks. In essence, they were involved in the production of project deliverables. They asserted that they completed tasks assigned to them within the required time. They also ensured that tasks were executed efficiently and accurately. Team members were encouraged to work cohesively and ensure that they report to the project manager after the completion of tasks.

Project manager

The project manager was regarded the highest level of authority in the project. The manager was accountable for the project’s progress and the design of the project plan (Haughey, 2018).He ensured that project deliverables were produced accordingly within the set schedule and on budget. He led the team by assigning tasks, providing the required resources, setting deadlines, and regularly meeting with team members to address project progress. He also ensured that all project stakeholders were satisfied with project outcomes by allowing all stakeholders involvement. The project manager was also involved in documentation of project status by collecting oral and written status reports.


The sponsors offered financial support, established a project funding model and approved sources of financing. The sponsors also governed change management and escalation processes.


The project stakeholders identified the end-users who would benefit from project results. The stakeholders were significant in determining suitable sponsors who would greatly impact the project. This was important because the sponsors would have a stake in the project, and assume the role of advisor to preserve their investments.

Steering committee

The steering committee advised the team members, ensured the delivery of project outputs and the attainment of desired project outcomes.

Steps to ensure project success

To ascertain a successful project, a clear mission and objectives were identified to ensure direction and working within the scope. Team members were required to understand the scope of the project, intended goals and objectives and their roles and responsibilities (Sudhakar, 2016). Executive support was gained to ensure that project team acquired the necessary tools, resources and proper training. Regular meetings were held to ensure constant communication on the status of project lifecycle. The team members were constantly motivated and rewarded for good performance. Project closure was crucial once the project was completed. All project stakeholders were informed on the success of the project, and the objectives that were achieved were identified .The stakeholders were asked to mention the lessons learnt throughout the project.

How project success was measured

The success of the project was measured by assessing six critical factors including the scope, budget, schedule, customer satisfaction, quality of work and team satisfaction. The successful completion of the project on time, on budget, and within the scope signified that the project was successful. Additionally, the satisfaction of all stakeholders alongside the achievement of intended project outcomes was equated to project success.

Project management and project success

Project management was significant to the project’s success because through the manager’s capability of carefully planning and leading other team members, project tasks were accomplished. The project manager fostered leadership skills to encourage the team to follow direction willingly. He communicated the vision and motivated the team to accept it and strive to achieve the set goals. He set reasonable and clear expectations for team members, and ensured that they were accountable for achieving those expectations. Constant communication from the project manager motivated the team members to work hard.



Haughey, D. (2018). The role of the project manager. Project Smart, faculty. northseattle. edu.

Sudhakar, G. (2016). Understanding the Meaning of Project Success. Binus Business Review. 7.    163-169.

Do My paper price
Pages (550 words)
Approximate price: -


Quality Research Papers

If you’re looking for an Essay writing service to help turn all of your hard work into a product that readers can appreciate, then look no further than our essay writing website. With a team of writers who go the extra mile, and customer support representative’s around-the-clock eager to assist you, we are ready to ace any exam or provide any posterity with what they need.

Top Assignment Writers

Our essay writers are experienced professionals who have the knowledge to write an essay about any subject matter in an interesting way while maintaining academic integrity. Our professional essay writers work day and night to ensure that you receive quality essays on time without any delay or interruption. Looking to "pay someone to do my assignment"? With many years of experience behind us, our essay writing website is now led by professionals with extensive knowledge in various fields of study.

Zero Plagiarism

For any write my essay for me request, you will never need to worry about plagiarism or getting caught up in the stress of completing assignments when you use our professional services! Get started today by ordering your first paper from us and we'll give you 10% off!

24/7 Customer Support

We are available 24/7, 365 days a year to help you out with your academic needs! if you have any "do my paper" questions or technical concerns, simply chat with one of our essay writing customer service representatives via the Chat Window on the bottom right corner of this screen

Prompt Delivery and 100% Money Back Guarantee

These academic experts are distinct from most other essay writing websites because they have doctoral degrees and decades of professional experience in academia. And because they know how overwhelming college life can be, we waive all minimum deadlines so you can focus on studying without worrying about your assignment always hanging over your head.

Free Revisions

Our Academic writers are confident and highly capable to take on any challenge ranging from a simple high school essay, question and answer assignment help, PowerPoint Presentation, research paper, dissertation, among others . However, we do not allow customers who abuse the free revisions privilege.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your "pay for essay" order

Fill in the homework order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits your "do my homework" request

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

When the world rushes and deadlines increase, it's hard to put your best foot forward. The Homework help website is here to help you with top quality essays on all topics, from history papers and engineering design descriptions to sociology case studies. For any write my essay for me request, you can count on a professional team of essay writers who are well experienced and researched in their field as they develop an original paper for you with 24/7 customer support.


Homework Help Service

The assignment help website is an excellent solution for all your problems regarding writing an outstanding admission essay. You don't need to worry about anything anymore because we will provide you with high-quality papers written by expert writers who know how to write professionally!


Paper Formats and Types

From time management skills to APA format citations; from MLA formatting rules for research papers; from college application essays where the stakes are high--all these aspects of academic life become clearer as we write it all down on paper! is a professional essay writing service that provides students with well-researched, high quality essays on any topic and at any level of study.


Editing & Proofreading

Some of our clients prefer to write their essays themselves and have a third-party like proofread it for errors after they are done writing. We have a skilled team of editors and assignment helpers assignment helpers who examine your paper closely, looking out for any mistakes that may lessen the appeal or effectiveness of the essay as well as make amends in order to better improve its overall quality before you submit it anywhere else! For all your editing needs, turn to


Revision Support

You work hard at your academics, and you should be rewarded, with a revision or modification for free on any order from a discursive essay , assignment to dissertation papers.