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The one who has the daring attitude and shows the confidence; taking timely decisions and a good administrator; he will be able to get things moving along in the project; eventually becoming a successful PM
If one goes ahead and follow by their own inhibitions and fears; you will see a less successful PM
The theoretical project manager assumes that activities and schedules are most likely to remain fixed all through the project life span, while the practical project manager understands that activities and schedules are subject to changes and is skilled in managing changes that occur during project execution. This brings to bear a lot of stakeholder management skills.
No doubt the PMI has made stakeholder management and independent topic in the new PMBOK5
The practical project manager is quick to understand the situation and uses suitable adjustments which will have minimal impact to time schedule and oftentimes might not necessitate time extension.
Whilst
The theoretical project manager finds difficulty to cope with the situation and he needs longer time to analyze carefully the possible effects of these adjustments and modifications to other parts and aspects of the project.
The practical project manager knows how to use practical ways & means to minimize demolition works & reduce wastages and to lessen the effect of such changes to the aspects of the project.
Whilst
The theoretical project manager takes longer time to decide how to implement the changes as he is too careful to analyze the possible adverse effects to the structure and to the aspects of the project caused by the changes.
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