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Best Practices

In: Business and Management

Submitted By Pensacolakb1
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Kristine Beck Assignment Week 1

From 1940 to present, project management has continuously advanced from line managers using a small set of processes that were considered nice to have to the formal assignment of one individual assigned as the project manager that utilized a formal methodology by which to manage the project. Often the term “best practices” is referenced within a defined methodology. Documenting Best Practices: Mature Project Management Processes Best practice refers to the optimal method recognized within a given industry or discipline to achieve a stated goal or objective. These practices are consistently predictable and proven to provide successful results and these practices are dynamic—evolving and maturing over time (Devine, 2013). The Business Dictionary defines a best practice as a, “method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark (Business Dictionary, n.d.).” A more simple definition is that a best practice is a method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark. In addition, a "best" practice can evolve to become better as improvements are discovered. Best practice is considered by some as a business buzzword, used to describe the process of developing and following a standard way of doing things that multiple organizations can use. Organizations that have had constant success have adapted a unique version of the best practice method that accommodates what they do. There are a number of reasons that spur an organization to institutionalize a best practices capturing mechanism. Many organizations use best practices to do the following (Thomas, 2009): • Demonstrated Success: There have been many instances where one particular unit of a corporation has started doing much better...

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