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Project Management in Aviation

In: Business and Management

Submitted By projectmrod
Words 1556
Pages 7
Project Management value in Aviation
Your Mom
MGMT424
Embry-Riddle Aeronautical University

Managing projects can be a difficult and complicated process. This is even more so in aviation projects where quality and safety are bigger factors than just monetary gains. Aviation projects usually have at least 2 stakeholders. The most benefiting stakeholders of aviation project management are usually the pilots and passengers as well as the primary customers. There are rarely any two aviation projects that are alike and even two similar projects can run into completely different problems. Effective project management techniques will matter in projects building the largest passenger aircraft to date or in creating a more effective NextGen ATC system. Air Shows, runway resurfacing and airport expansion are all very time critical projects that are dependent on meeting deadlines however quality can never be compromised. So we will explore how project management adds value to aviation projects regarding Safety, Profitability and Risk Management.

Aviation related projects rarely come at cheap price. In fact, hundreds of millions of dollars can be invested in aviation projects. Aviation companies such as Lockheed-Martin, Northrop Grumman and Honeywell operate on huge multi-billion dollar government contracts for aviation products. The FAA even states that “This year’s forecast predicts that the industry will grow from 731 million passengers in 2011 to 1.2 billion in 2032” (Aviation Policy and Plans, 2012) It is safe to assume there will be many large scale aviation projects to deal with airport expansion, new larger cost-saving aircraft, and more efficient ATC infrastructure. The future growth in aviation expansion will lead to a shortage in expertise of managing aviation projects.
A major critical success factor for any project is “The project must have

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