Project Oversight at Piranha Irrigation Inc.

Project Oversight at Piranha Irrigation Inc.

Project oversight refers to the various principles and procedures/processes that guide and enhance the management of projects. A project should meet the needs of an organization. It should also comply with or observe the values and standards of the entity. The available resources should be well utilized while continuous improvement and accountability are observed. At Piranha Irrigation Inc., project oversight includes selecting projects that the company can deliver efficiently and derive benefits for the entity and its stakeholders. Upon selection, Piranha Irrigation Inc.’s oversight committee, alongside the project managers, oversees the portfolio and utilizes balanced scorecards, which enable assessment of progress. The progress should match the proposed milestones and sequences that are presented at the initial stages. Such adherence to the proposed progress ensures that resource allocation and utilization are maximized and optimized. The chosen projects, which are agriculture-based, must be improved consistently to enhance the company’s value to the market and stakeholders (Project Management Institute, Inc., 2010).

Once the projects are selected, the organization should go through the objectives that distinguish each project. The project managers identify potential problems and raise these for further discussion with the respective committee. As the project team continues implementing the projects’ activities, the oversight team must track and help where bottlenecks arise. All status reports submitted by the managers must be reviewed. In various cases, the organization can approve a significant deviation following in-depth discussions with the clients (Project Management Institute, Inc., 2010). As part of oversight, a project can be canceled for assorted reasons, including lack of financial resources, deviation from main goals and vision, or lack of compliance with regulations, among others.

How will project oversight impact the organization that you selected?

Project oversight holds significant benefits for Piranha Irrigation Inc. First, the project manager receives assistance and support. This ensures that the company achieves constant improvement during each project. The company also achieves maximum resource utilization in an efficient way by holding the project manager accountable and responsible. The company’s management is constantly informed about the progress of its projects as the manager submits periodical reports at the distinct phases of the project. Management of the project’s portfolio by the oversight committee ensures that the company can run multiple projects at a go, which maximizes the use of available resources. Project oversight is critical to Piranha’s Irrigation Inc. because it improves its overall performance as far as projects are concerned. Projects are created to improve the company’s offerings to its clients. Successful management of these projects determines if the organization can deliver on its promise (Project Management Institute, Inc., 2010).

If the committee efficiently oversees projects after selecting the most viable and beneficial ones, the organization’s resources are preserved through proper utilization, and the benefits of each project are maximized. Reviewing the objectives of each proposed project ensures compliance with the current regulations within specific markets and agreement with the company’s objectives, vision, and values. These are important because they have the potential to affect the company’s image positively or negatively. Therefore, project oversight benefits an organization immensely if the team is keen and committed to ensuring the success of the projects. These benefits ensure that the company continues to appeal to its employees and clients as well as to increase its profitability through expansion of the market (Project Management Institute, Inc., 2010).

How will project oversight impact the project manager in your selected organization?

The project managers are responsible for the projects that they manage each time. This responsibility is overwhelming when there are multiple projects. Therefore, the project manager gains more efficiency in various projects that the company runs. The project manager can highlight unusual elements of a project after frequent interactions with the oversight team. The feedback that the project manager receives after compiling progress reports provides a clear picture of the desired results. This information improves the project manager’s performance as they modify the team accordingly (Nalewaik & Mills, 2017). Such information also creates the most efficient project manager who can deliver the desired objectives. This oversight at the company seeks to improve the efficiency of the project manager. In addition, the manager gains knowledge regarding projects that do not meet the company’s basic requirements. In the future, the project manager can efficiently make decisions that benefit the organization through consideration of the most important organizational elements. Piranha Irrigation Inc.’s project managers will benefit immensely from project oversight through the acquisition of knowledge, information, and learning of critical skills in the management of the company’s projects (Aston, 2021).

The importance of project oversight to the future of project management in your selected organization

Project oversight is important for Piranha Irrigation Inc’s future as far as project management is concerned. Firstly, the company will only steer projects that are valuable. Through proper selection of projects and careful evaluation of their components in comparison to the company’s purpose and vision, it will be easier to choose projects that deliver tangible benefits to the company and its stakeholders.

Secondly, the company will utilize its resources efficiently by avoiding wastage and misappropriation. The project manager is held liable for the resources that are allocated to each project. Poor management or allocation of these resources inhibits the process of realizing returns on investments (ROI). Projects are investments and are expected to bring about certain economic and social benefits. Through an initial and efficient selection of projects, critical evaluation, and consistent reviews, Piranha Irrigation can easily cancel out projects that do not add any value. Alternatively, the oversight team can authorize deviation from the scope upon the realization that the project fails to meet all requirements within its current scope. Eventually, the company’s resources are protected and utilized properly (Aston, 2021).

Finally, the oversight process improves the company’s future efficiency and effectiveness significantly. As initially stated, the team can cancel projects that do not satisfy the company’s requirements in terms of goal alignment and protection of stakeholders’ interests. With the ability to only run projects that are valuable to the company and helpful in the achievement of its vision, the stakeholders are bound to benefit immensely. Their needs are met more efficiently through the successful completion of the projects. Therefore, the company can increase its market share significantly and revenue streams as well. It can also use these projects to improve its social contribution, which leads to a better public image. Alongside these, the company satisfies the stakeholders’ expectations in relation to project oversight (Nalewaik & Mills, 2017). Piranha Irrigation’s project oversight is important for the company’s performance now and in the future.

References

Aston, B. (2021). Why Is Project Management So Important To An Organization?

Nalewaik, A., & Mills, A. (2017). Stakeholder Expectations Regarding Public Project Oversight. Cambridge Scholars Publishing.

Project Management Institute, Inc. (2010). The Value of Project Management.

ORDER A PLAGIARISM-FREE PAPER HERE

We’ll write everything from scratch

---

Write a 700- to 1,050-word executive summary to the leadership team of an organization that you select, answering the following:

What is project oversight in your selected organization?

How will project oversight impact the organization that you selected?
How will project oversight impact the project manager in your selected organization?
What is the importance of project oversight to the future of project management in your selected organization?