In our day today life we often need to manage project for various reasons. For efficiently
managing a project, project analysis, monitoring team development, controlling, Gantt chart,
critical paths, life cycles, consequences, administration panel are the crucial part. Project
administration is the craft of dealing with the undertaking and its deliverables with a perspective
to create completed items or administration. There are numerous routes in which a task can be
completed and the path in which it is executed is undertaking administration.
The document discusses criteria for determining project success. It argues that using only time and budget constraints is too simplistic, as projects can exceed budgets but still be successful, or finish on time/budget but fail to achieve business goals. The document recommends setting a single target for project net present value at a defined point in time to account for schedule, cost, and revenue/profit forecasts. This allows managers to make decisions based on full business consequences and define success targets with contingency reserves for the project team, management team, and management.
This document discusses the need for project managers to proactively prepare alternate plans in case the initial plan fails. It analyzes common reasons for project plan failures, such as changes in scope, budget, timelines or quality parameters. The author gathered input from project managers on various types of IT projects. Most felt the initial plan could fail and did not have alternate plans ready. The document develops a methodology to help project managers determine the optimal number of alternate plans to prepare based on generic factors applicable across projects. This will help ensure project success through proactive planning rather than reacting to failures.
1) Many IT projects fail or go over budget and over schedule due to unrealistic expectations and a lack of effective project management practices.
2) Key drivers of project success include clearly defined goals, competent leadership, adequate resources, and effective communication and tracking against plans.
3) Establishing the right skills for the project manager role and implementing a sound project management control system are both critical for achieving project success through consistent high performance over the entire project lifecycle.
CRG DevCo’s advantages of outsourcing Project ManagementChris Gorga
Outsourcing project management provides several advantages over employing an in-house project manager. These include cost flexibility as outsourcing costs can increase or decrease based on needs, higher objectivity from an outside perspective, and exposure to new methodologies from specialists. Outsourcing is also generally lower cost than employment and allows an organization to take advantage of competition among providers.
The document contains a practice exam for the PMI Risk Management Professional (PMI-RMP) certification. It includes 33 multiple choice questions related to risk management processes, tools, and techniques. Correct answers are provided for each question. The practice exam covers topics like risk identification, qualitative and quantitative risk analysis, risk response planning, and risk monitoring and control.
The document provides information on cost management for a project management study group session. It includes questions and answers on topics like estimating activity costs, cost baselines, variance analysis, and earned value management.
This document contains a series of questions and answers about project risk management processes and techniques:
1) It describes using decision tree analysis to evaluate options and determine which decision yields the greatest expected value when considering uncertainties.
2) Identify Risks is the process used to determine which risks may affect a project and document their characteristics.
3) Residual risks are risks that remain after risk responses have been implemented and deliberately accepted risks.
4) Contingency plans are planned in advance while workarounds are responses to unplanned risks that have occurred.
5) Establishing a contingency reserve for unplanned risks is an example of active risk acceptance.
The document summarizes key aspects of project management from two videos on project management activities and software project risks. It discusses that projects often fail due to a lack of shared understanding of success and being done. It also notes that proper alignment of stakeholders, managing changing business needs, and addressing risks are important for success. Further, it highlights different project life cycles and emphasizes the role of the project manager in identifying risks and maintaining resources and stakeholder alignment.
The document discusses criteria for determining project success. It argues that using only time and budget constraints is too simplistic, as projects can exceed budgets but still be successful, or finish on time/budget but fail to achieve business goals. The document recommends setting a single target for project net present value at a defined point in time to account for schedule, cost, and revenue/profit forecasts. This allows managers to make decisions based on full business consequences and define success targets with contingency reserves for the project team, management team, and management.
This document discusses the need for project managers to proactively prepare alternate plans in case the initial plan fails. It analyzes common reasons for project plan failures, such as changes in scope, budget, timelines or quality parameters. The author gathered input from project managers on various types of IT projects. Most felt the initial plan could fail and did not have alternate plans ready. The document develops a methodology to help project managers determine the optimal number of alternate plans to prepare based on generic factors applicable across projects. This will help ensure project success through proactive planning rather than reacting to failures.
1) Many IT projects fail or go over budget and over schedule due to unrealistic expectations and a lack of effective project management practices.
2) Key drivers of project success include clearly defined goals, competent leadership, adequate resources, and effective communication and tracking against plans.
3) Establishing the right skills for the project manager role and implementing a sound project management control system are both critical for achieving project success through consistent high performance over the entire project lifecycle.
CRG DevCo’s advantages of outsourcing Project ManagementChris Gorga
Outsourcing project management provides several advantages over employing an in-house project manager. These include cost flexibility as outsourcing costs can increase or decrease based on needs, higher objectivity from an outside perspective, and exposure to new methodologies from specialists. Outsourcing is also generally lower cost than employment and allows an organization to take advantage of competition among providers.
The document contains a practice exam for the PMI Risk Management Professional (PMI-RMP) certification. It includes 33 multiple choice questions related to risk management processes, tools, and techniques. Correct answers are provided for each question. The practice exam covers topics like risk identification, qualitative and quantitative risk analysis, risk response planning, and risk monitoring and control.
The document provides information on cost management for a project management study group session. It includes questions and answers on topics like estimating activity costs, cost baselines, variance analysis, and earned value management.
This document contains a series of questions and answers about project risk management processes and techniques:
1) It describes using decision tree analysis to evaluate options and determine which decision yields the greatest expected value when considering uncertainties.
2) Identify Risks is the process used to determine which risks may affect a project and document their characteristics.
3) Residual risks are risks that remain after risk responses have been implemented and deliberately accepted risks.
4) Contingency plans are planned in advance while workarounds are responses to unplanned risks that have occurred.
5) Establishing a contingency reserve for unplanned risks is an example of active risk acceptance.
The document summarizes key aspects of project management from two videos on project management activities and software project risks. It discusses that projects often fail due to a lack of shared understanding of success and being done. It also notes that proper alignment of stakeholders, managing changing business needs, and addressing risks are important for success. Further, it highlights different project life cycles and emphasizes the role of the project manager in identifying risks and maintaining resources and stakeholder alignment.
The document summarizes the key steps a project manager would take to address issues with cost and time estimates for a project to develop a low-cost color laser printer. The project manager would first clarify priorities with senior management using a priority matrix. They would then schedule a meeting to explain the priority matrix and get permission to increase costs if needed. The project manager would also consider outsourcing technology or producing in-house to potentially reduce costs. Next, they would get detailed cost and time estimates from multiple estimators to assess risks. Finally, the project manager would do a break-even analysis and get feedback from the project team on the revised plan before continuing or abandoning the project.
Order of Magnitude (+- 25% - 50%)
Reference: PMBOK Third Edition, Page Number: 150
So the given estimate range falls under Order of Magnitude estimate.
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
C. Three-Point Estimating
D. Schedule Network Analysis
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
This document provides 21 project management best practices for both new and experienced project managers. It discusses practices for laying the foundation of a project such as defining success criteria and negotiating achievable commitments. It also covers planning the project through tasks like writing a detailed plan and decomposing large tasks. Additional sections provide guidance on estimating the work, tracking progress, and learning from experience on future projects. The overall message is that applying some basic project management fundamentals and learning from both successes and failures can help projects be completed with less pain.
Project Closure Activities In Project Management Powerpoint Presentation SlidesSlideTeam
Are you searching for professional templates and slides to outline a presentation on Project Closure Activities? Well if yes, then download our ready to use project closure activities in project management PowerPoint presentation slides. Highlight the performance of your business project to the client using this project closure tasks in project management PPT presentation. Using these project management presentation templates, you will be able to confirm if the team members have met all sponsor and consumer needs. This closing a project PowerPoint presentation includes relevant topics such as project brief, project description, project timeline, project progress summary, project status report, and project health card. It also covers a slide on project dashboard, project closure report, work breakdown structure, and project conclusion report-performance analysis, deadline, budget/costs. With the help of the project description presentation PPT, you will be able to represent throughout the progress of the project. Use of stunning graphics and visuals will help you describe the different project stages performance. Download this project closure checklist PPT presentation. Focus on earnings with our Project Closure Activities In Project Management Powerpoint Presentation Slides. Choose the correct asset to create. https://bit.ly/3kvOg8W
Project Management Overview by Darryl VleemingDarryl Vleeming
The document discusses key differences between projects and operations, and how project management principles can be applied to various initiatives that may not be considered formal projects. It notes that projects are temporary in nature with a defined start and end, while creating a unique product or service, whereas operations are ongoing and repetitive. The document then provides examples of common activities that could benefit from project management approaches.
In this presentation, we will discuss about risk, project risk and four broad strategies to handle risk. We will also talk about the role of buffers and contingency plan in risk management, project tracking meetings.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
This document provides an overview of Project Management Deliverable 4D, which is to develop a project management plan. It lists the primary and secondary tools used, including developing a communication plan, creating a project schedule in Excel or MS Project, establishing team consensus, and facilitating effective meetings. The goals are to identify team members, interface with stakeholders, and develop a project plan with milestones and timelines to effectively manage the project.
The document summarizes key points from a session on risk management:
1. The session discussed tools and techniques for risk response planning, including strategies for negative risks and contingent response planning.
2. It provided examples of different types of risks like secondary risks that can arise from implementing a risk response plan.
3. Residual risks that remain after risk responses have been implemented were also explained.
This document provides a project charter template for a mobile marketing project. The template includes sections for the project overview, description, key success factors, risk identification, stakeholders, communication plan, decision rights, and approval. The project description provides examples of the purpose, background, scope, deliverables, timeframe, and responsibilities that would be customized for a specific mobile marketing project.
The document describes a risk related to construction site thefts that has been identified during interviews. Although the risk of theft from the project site is considered low, the risk is recorded on a watchlist so it can be monitored over time to ensure the probability and impact remain low. Risks with low ratings are included on a watchlist for future monitoring.
Risk 0-risk-guide book for pmi-rmp by amer elbazMohamed Saeed
This document provides an overview of project risk management. It defines project risk management as including processes for risk management planning, identification, analysis, response planning, and controlling risk on a project. The objectives are to increase the likelihood and impact of positive events and decrease the likelihood and impact of negative events. It describes the six key processes: plan risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, and control risks. It also discusses individual project risks versus overall project risk, stakeholder risk attitudes, and the iterative nature of project risk management.
Lisa is the project manager updating her project's risk register. She should include a level of detail in the risk responses that corresponds to the priority ranking of each risk. This will allow for an appropriate level of planning for high priority risks without overplanning for lower priority risks.
Jenny uncovered new risk events during quantitative analysis. She should enter these new risks into the risk register so they can be properly monitored and addressed.
The risk management plan will define who will share information on project risks with stakeholders, as it is responsible for communicating how risks will be identified, analyzed, and monitored throughout the project lifecycle.
The document describes IBM's Actuate program for project launches. Actuate aims to ensure projects are started right by facilitating key startup activities within 45 days. These activities are grouped under 10 focus areas like project scope, risk assessment, governance, and tools setup. IBM has seen benefits of Actuate like reduced surprises, improved risk assessment, and faster startup phase completion. Over time, Actuate coverage has increased while duration to complete activities has decreased, showing improved efficiency. Lessons learned include addressing delays in input documents and stakeholder availability.
The type of report that would be created in this situation is an exception report. An exception report only communicates variances outside of pre-determined thresholds, such as a CPI less than 0.96 or an SPI below 0.98, as specified in the question. It allows management to focus only on significant deviations from the plan rather than routine updates.
Why Scheduling Mustn't Be Allowed to Become an Extinct ScienceAcumen
The document discusses the importance of effective project planning and scheduling. It argues that [1] unrealistic project plans and [2] inability to execute plans according to schedule are the main causes of project failure. It advocates for top-down, deliverable-based planning with uncertainty analysis to create realistic plans. It also recommends visualizing projects in phases and disciplines to aid understanding, and using metrics and trend analysis to continuously improve plans and monitor performance. The goal is to tie effective planning to successful execution to reduce project failures.
The document contains a full length mock test with 23 multiple choice questions related to project management concepts based on the PMBOK 5th edition. The questions cover topics like integrated change control, corrective vs preventive actions, communication management, cost of quality calculation, critical path identification, and organizational structures.
This document summarizes a project to create a web application with rental and amenity information for future students of the Centre of Geographic Sciences (COGS) using ArcGIS Online. The project team collected rental data, points of interest, and trail information. They performed network analysis to determine commute times from rentals to COGS by vehicle and walking. Finally, they built a web map with the data and customized it using ArcGIS Online and JavaScript APIs. The web application allows users to search information that will help in deciding where to live and what amenities are available near COGS.
The document summarizes the key steps a project manager would take to address issues with cost and time estimates for a project to develop a low-cost color laser printer. The project manager would first clarify priorities with senior management using a priority matrix. They would then schedule a meeting to explain the priority matrix and get permission to increase costs if needed. The project manager would also consider outsourcing technology or producing in-house to potentially reduce costs. Next, they would get detailed cost and time estimates from multiple estimators to assess risks. Finally, the project manager would do a break-even analysis and get feedback from the project team on the revised plan before continuing or abandoning the project.
Order of Magnitude (+- 25% - 50%)
Reference: PMBOK Third Edition, Page Number: 150
So the given estimate range falls under Order of Magnitude estimate.
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
C. Three-Point Estimating
D. Schedule Network Analysis
17. You are developing the schedule for your project. Which of the following is NOT a
technique used for estimating activity durations?
A. Analogous Estimating
B. Parametric Estimating
This document provides 21 project management best practices for both new and experienced project managers. It discusses practices for laying the foundation of a project such as defining success criteria and negotiating achievable commitments. It also covers planning the project through tasks like writing a detailed plan and decomposing large tasks. Additional sections provide guidance on estimating the work, tracking progress, and learning from experience on future projects. The overall message is that applying some basic project management fundamentals and learning from both successes and failures can help projects be completed with less pain.
Project Closure Activities In Project Management Powerpoint Presentation SlidesSlideTeam
Are you searching for professional templates and slides to outline a presentation on Project Closure Activities? Well if yes, then download our ready to use project closure activities in project management PowerPoint presentation slides. Highlight the performance of your business project to the client using this project closure tasks in project management PPT presentation. Using these project management presentation templates, you will be able to confirm if the team members have met all sponsor and consumer needs. This closing a project PowerPoint presentation includes relevant topics such as project brief, project description, project timeline, project progress summary, project status report, and project health card. It also covers a slide on project dashboard, project closure report, work breakdown structure, and project conclusion report-performance analysis, deadline, budget/costs. With the help of the project description presentation PPT, you will be able to represent throughout the progress of the project. Use of stunning graphics and visuals will help you describe the different project stages performance. Download this project closure checklist PPT presentation. Focus on earnings with our Project Closure Activities In Project Management Powerpoint Presentation Slides. Choose the correct asset to create. https://bit.ly/3kvOg8W
Project Management Overview by Darryl VleemingDarryl Vleeming
The document discusses key differences between projects and operations, and how project management principles can be applied to various initiatives that may not be considered formal projects. It notes that projects are temporary in nature with a defined start and end, while creating a unique product or service, whereas operations are ongoing and repetitive. The document then provides examples of common activities that could benefit from project management approaches.
In this presentation, we will discuss about risk, project risk and four broad strategies to handle risk. We will also talk about the role of buffers and contingency plan in risk management, project tracking meetings.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
This document provides an overview of Project Management Deliverable 4D, which is to develop a project management plan. It lists the primary and secondary tools used, including developing a communication plan, creating a project schedule in Excel or MS Project, establishing team consensus, and facilitating effective meetings. The goals are to identify team members, interface with stakeholders, and develop a project plan with milestones and timelines to effectively manage the project.
The document summarizes key points from a session on risk management:
1. The session discussed tools and techniques for risk response planning, including strategies for negative risks and contingent response planning.
2. It provided examples of different types of risks like secondary risks that can arise from implementing a risk response plan.
3. Residual risks that remain after risk responses have been implemented were also explained.
This document provides a project charter template for a mobile marketing project. The template includes sections for the project overview, description, key success factors, risk identification, stakeholders, communication plan, decision rights, and approval. The project description provides examples of the purpose, background, scope, deliverables, timeframe, and responsibilities that would be customized for a specific mobile marketing project.
The document describes a risk related to construction site thefts that has been identified during interviews. Although the risk of theft from the project site is considered low, the risk is recorded on a watchlist so it can be monitored over time to ensure the probability and impact remain low. Risks with low ratings are included on a watchlist for future monitoring.
Risk 0-risk-guide book for pmi-rmp by amer elbazMohamed Saeed
This document provides an overview of project risk management. It defines project risk management as including processes for risk management planning, identification, analysis, response planning, and controlling risk on a project. The objectives are to increase the likelihood and impact of positive events and decrease the likelihood and impact of negative events. It describes the six key processes: plan risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, and control risks. It also discusses individual project risks versus overall project risk, stakeholder risk attitudes, and the iterative nature of project risk management.
Lisa is the project manager updating her project's risk register. She should include a level of detail in the risk responses that corresponds to the priority ranking of each risk. This will allow for an appropriate level of planning for high priority risks without overplanning for lower priority risks.
Jenny uncovered new risk events during quantitative analysis. She should enter these new risks into the risk register so they can be properly monitored and addressed.
The risk management plan will define who will share information on project risks with stakeholders, as it is responsible for communicating how risks will be identified, analyzed, and monitored throughout the project lifecycle.
The document describes IBM's Actuate program for project launches. Actuate aims to ensure projects are started right by facilitating key startup activities within 45 days. These activities are grouped under 10 focus areas like project scope, risk assessment, governance, and tools setup. IBM has seen benefits of Actuate like reduced surprises, improved risk assessment, and faster startup phase completion. Over time, Actuate coverage has increased while duration to complete activities has decreased, showing improved efficiency. Lessons learned include addressing delays in input documents and stakeholder availability.
The type of report that would be created in this situation is an exception report. An exception report only communicates variances outside of pre-determined thresholds, such as a CPI less than 0.96 or an SPI below 0.98, as specified in the question. It allows management to focus only on significant deviations from the plan rather than routine updates.
Why Scheduling Mustn't Be Allowed to Become an Extinct ScienceAcumen
The document discusses the importance of effective project planning and scheduling. It argues that [1] unrealistic project plans and [2] inability to execute plans according to schedule are the main causes of project failure. It advocates for top-down, deliverable-based planning with uncertainty analysis to create realistic plans. It also recommends visualizing projects in phases and disciplines to aid understanding, and using metrics and trend analysis to continuously improve plans and monitor performance. The goal is to tie effective planning to successful execution to reduce project failures.
The document contains a full length mock test with 23 multiple choice questions related to project management concepts based on the PMBOK 5th edition. The questions cover topics like integrated change control, corrective vs preventive actions, communication management, cost of quality calculation, critical path identification, and organizational structures.
This document summarizes a project to create a web application with rental and amenity information for future students of the Centre of Geographic Sciences (COGS) using ArcGIS Online. The project team collected rental data, points of interest, and trail information. They performed network analysis to determine commute times from rentals to COGS by vehicle and walking. Finally, they built a web map with the data and customized it using ArcGIS Online and JavaScript APIs. The web application allows users to search information that will help in deciding where to live and what amenities are available near COGS.
Este documento proporciona información sobre varias herramientas digitales, incluyendo Prezi, Dropbox, fotografía, animación en Scratch y cómo subir videos a YouTube. Se mencionan algunas ventajas de Prezi como iconos fáciles de usar y que es gratuito, y que Dropbox es útil para compartir archivos. También da consejos para la fotografía como tener paciencia y flexibilidad, y menciona elementos como movimiento, apariencia y sonido para crear animaciones en Scratch. Por último, indica los pasos iniciales para subir
La hemofilia es una enfermedad hereditaria rara que causa problemas de coagulación de la sangre y hemorragias internas y externas. Se transmite ligada al cromosoma X y afecta principalmente a hombres. No tiene cura pero se trata reemplazando el factor de coagulación deficiente mediante transfusiones o concentrados. Fue conocida históricamente como "la enfermedad de los reyes" debido a su propagación entre las casas reales europeas a través de la reina Victoria de Inglaterra.
The documentary proposal summarizes a documentary about the durian fruit in Malaysia titled "Malaysia 'The King Of Fruits' – Durian". It will be 25 minutes long and filmed in both English and Malay. The documentary will be filmed in two locations in Malacca - a durian farm and Jonker Street, known for its durian-flavored foods. It will show the growing process of durians and interview a durian farm owner and visitors trying durian foods. The goal is to educate local and international viewers about Malaysia's famous "King of Fruits". The proposed budget is RM54,360, with sponsorship hoped to cover RM25,000 of costs.
A Logo is Not A Brand is a 40 page book by Miriello Grafico featuring logos in action and their contribution to the brand experience. The Logo is Not The Brand - the brand is all that comes to mind when you see the logo.
Dal WebLab all'Acqua Liofilizzata, storia di due designer che sanno contare i...Acqua Liofilizzata S.n.c.
Presentazione di Acqua Liofilizzata all'evento "Made in Crema" - Idee di successo di studenti UNIMI a Crema - http://sesar.dti.unimi.it/ceravolo/madeincrema/index.html
Beursstand voor Hester Zagt
Ontwikkeling hoekstukken
Hoekstukken voor een draagbare en demontabele beurs-toonbank.
Voor gebruik op sieradenbeurzen waarbij lichtgewicht vervoer voorhanden is.
De staanders en liggers zijn van vormvast aluminiumprofiel.
De drie typen hoekstukken zijn op maat ontworpen met een tolerantie die montage en demontage vereenvoudigen, met daarnaast optimale stabiliteit in gemonteerde vorm.
Hoekstukken geprint met de Ultimaker 2.
Kunststof: PLA.
How To: Innovate On Existing Telco TechnologyTomaz Stolfa
The document discusses ways to innovate using existing telecommunications technologies. It notes that older telecom systems had limited innovation due to closed platforms, but newer IP-based systems have opened opportunities through voiceXML, APIs, and SIP. It suggests ideas like using phone numbers as IDs, SMS for billing and validation, MMS for content delivery, and voice for notifications, messaging, and authentication. The goal is to combine telecom capabilities with web-based applications and services to create new innovations.
Area Director's year 2015. To-do's for the first six monthsRemigijus Gineitis
This document contains the key dates and tasks for District 71 Area Directors and Division Directors from June 2015 through December 2015. It provides timelines for officer training, club visits, contests, conferences, and other important events. Area Directors are tasked with supporting clubs and organizing speech contests at the Area level, while Division Directors oversee multiple Areas and hold Division-level contests. By December, both roles should have completed their club visits and officer training for the first half of the term, with the goal of helping clubs in their regions flourish.
Flitpaper é una componente software disponibile per progetti di App per ambienti iOS ed Android.
E’ un organizzatore e viewer di contentuti con un motore di page flip interno simile alla modalità di sfoglio delle immagini adottato dalla app Flipboard.
Con Flitpaper è dunque possibile facilmente, in poco tempo ed a costi contenuti, creare il proprio magazine aziendale personale e distribuire le informazioni del vostro corporate blog, house organ o altro ambiente di news partendo da una piattaforma che organizza i contenuti e da un feed RSS con un comodo paginatore che simula lo sfoglio di una rivista.
Si collega infatti facilmente a feed RSS creati da motori di Content Management come WordPress permettendo una gestione delle notizie unificata sia per il sito che per la rivista su interfaccia Mobile.
La applicazione si collega a feed RSS WordPress, YouTube, Tumblr, Pintarest, Facebook, Google+, Instagram e si aggiorna in maniera trasparente per l’utente finale garantendo la fluidità di utilizzo necessaria per garantire la User Experience necessaria per applicazioni mobili.
Consumer needs and wants are filled with market offering of products and strong customer brand
engagement. In organizations importance of marketing process, orientation elements, STP,
Marketing Mix, Consumer Insights are being illustrated here. Above all the role of marketing in
creating values for customers and ways of maintaining strong brand loyalty and customer
engagement with practical examples are described in this assignment. Authoritative achievement
to a great extent relies on upon the dynamic promoting techniques it takes to maintain in the
aggressive commercial center
The business environment both the external and internal can be measured through marketing
auditing tools. In this assignment, we have discussed the footwear industry in UK. Forces of
Porter are being applied in this particular industry to judge the competitiveness of the external
environment.
FUERZAS ACTUANTES EN LA ESTRUCTURA DE MADERACarlos Salazar
El documento describe los elementos estructurales y los tipos de esfuerzos y cargas que soporta una estructura. Explica que las columnas soportan el peso del techo y los pisos superiores, sometidas a fuerzas de compresión. Luego enumera los diferentes tipos de esfuerzos a los que están sometidas las estructuras: tracción, compresión, flexión, torsión y corte.
MBA 6951, Managing Complex Projects 1 Course Learning.docxAASTHA76
MBA 6951, Managing Complex Projects 1
Course Learning Outcomes for Unit II
Upon completion of this unit, students should be able to:
1. Examine the roles and responsibilities of a project manager.
1.1 Explain a project proposal that includes the project scope, schedule, and ultimate deliverables
that will be executed by a project manager.
2. Analyze the elements of measures of performance in the context of the triple constraints.
2.1 Explain a project proposal that includes risks in the context of the triple constraints.
2.2 Explain a project proposal that includes deliverables through measures of performance.
3. Determine the scope of a project.
3.1 Determine a project proposal that provides an overview of the scope of a project.
Course/Unit
Learning Outcomes
Learning Activity
1.1
Unit Lesson
Chapter 5: Management Functions, pp. 145-170
Chapter 7: Conflicts, pp. 237-246
Unit II Assignment
2.1
Unit Lesson
Chapter 5: Management Functions, pp. 145-170
Chapter 7: Conflicts, pp. 237-246
Unit II Assignment
2.2
Unit Lesson
Chapter 5: Management Functions, pp. 145-170
Chapter 7: Conflicts, pp. 237-246
Unit II Assignment
3.1
Unit Lesson
Chapter 5: Management Functions, pp. 145-170
Unit II Assignment
Reading Assignment
Chapter 5: Management Functions, pp. 145–170
Chapter 7: Conflicts, pp. 237–246
Unit Lesson
Management responsibilities involve the planning, organizing, staffing, controlling, and directing of people and
activities that will ultimately achieve the objectives parlayed within the organizational goals. Controlling is
actually a measurement function, which allows for evaluation and ultimate corrections that lead to ongoing
improvement and innovation within the organization. Directing suggests that the leader is actually
implementing the plans and involves several steps.
The interactive slide below explains the different steps in directing by the leader:
Click here to access the interactive slide.
Click here to access the interactive slide transcript.
UNIT II STUDY GUIDE
Managing Projects
https://online.columbiasouthern.edu/bbcswebdav/xid-77177349_1
https://online.columbiasouthern.edu/bbcswebdav/xid-77175396_1
MBA 6951, Managing Complex Projects 2
UNIT x STUDY GUIDE
Title
Once this structure has been established, managers must journey through the concepts of power, authority,
and responsibility. The ideal situation is that a project manager would have both the responsibility and
authority to complete the task, but many times, they have the authority but not necessarily the formal power.
This creates a void in their effectiveness unless they can utilize other influences such as those indicated in
the interactive slide below.
The interactive slide below explains the different types of rewards and examples.
Click here to access the interactive slide.
Click here to access the interactive slide transcript.
Another important ar.
System Analysis & Design (CHAPTER TWO) (1).pptAynetuTerefe2
This document discusses project management concepts related to developing information systems. It begins by explaining that while technology aspects of IS development are attractive, project management is an important skill. It then outlines the four main phases of project management: initiating, planning, executing, and closing. For each phase, it describes key elements and activities involved, such as establishing teams, defining tasks, scheduling, monitoring progress, communication, and post-project reviews. Graphical tools for representing project plans like Gantt charts are also introduced.
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. The document provides an overview of project management including:
- Key project management terms like project, program, portfolio, stakeholders, and the project management life cycle.
- Reasons why projects fail and succeed and the importance of having a clear scope, sponsorship, and buy-in.
- The roles and responsibilities of the project manager in guiding a project to completion while meeting stakeholder needs.
- The project management process including initiation, planning, execution, monitoring and control, and closing.
- Deliverables created at each stage like the project charter, work breakdown structure, and
The document provides guidance on creating a comprehensive project plan, outlining key components such as goals, scope, assumptions, quality management, roles and responsibilities, and change management. It recommends documenting project parameters, business objectives, deliverables, milestones, impacted areas, and attachments in detail to formalize agreements and manage expectations.
The team charter establishes CGR IT Consulting Partners to complete the INFO 461 course project over 5 weeks. Team members are Charles Harrill, Gregory Eskridge, and Ruxandra Zait. Charles will initially lead but leadership will rotate. Strengths include Microsoft Project/Visio skills and academic achievement. Challenges are scheduling face-to-face meetings but they will use online tools. Roles include Charles integrating submissions, Gregory creating Project artifacts and presentations, and Ruxandra creating Visio diagrams and ensuring quality. They will collaborate and adjust roles based on assignment scope.
This document discusses project management processes and concepts including the purpose of a project proposal, scope document, estimating costs and budgets, risk management, and communication. It outlines the five process groups of initiating, planning, executing, monitoring/controlling, and closing. The 10 knowledge areas of project management are also listed. Key elements of an effective project scope document and importance of estimating costs, budgets, and earned value for project success are explained.
This document provides a project management plan template for an economic development department. It includes sections on the project introduction and background, executive summary, scope, work breakdown structure, cost and staffing management plans, stakeholder analysis, implementation plan, risk management plan, procurement management plan, log frame, evaluation plan, and annexures including a target setting worksheet and reporting template. The template provides guidance on the key elements to include in each section to effectively plan and manage the project.
Project Plan Development - A FlackVentures Training ExampleKate Pynn
Project planning is the construction of a dynamic agreement across diverse functional groups involved in a project. This agreement specifies:
Goals and deliverables of the project
What is being developed
Major activities that will be performed to achieve those goals
The assumptions that were made
Major risks, as they become known
For decades, persistent failure has marred the delivery of capital investment projects in the resource development sector. Regrettably even though the causes are well known, companies have been slow to respond with effective control strategies. As the scale and complexity of projects has increased so too has the magnitude of shareholder value destruction. It seems that when the biggest projects fail, they fail spectacularly. Performance statistics going back several decades demonstrate that mining projects of all sizes and complexity mostly fail to achieve objectives. For a time, the commodities super cycle, which peaked in 2011, concealed poor capital expenditure discipline. High sales prices cover many sins, but recent price turbulence has exposed companies to a legacy of record impairments and over-priced and under-performing assets unprecedented in the modern era. This has led to a renewed focus on reducing or eliminating capital expenditure. Companies spending on capital developments have an opportunity to apply new levels of discipline to both the allocation and delivery of capital in an environment of stagnating labour costs and increasing competitiveness. Contracting approaches that provide greater opportunities for cost certainty or gross cost reduction are now more readily available as contractors are prepared to accept greater levels of cost and schedule risk to secure work. Mining companies must also improve in-house project management capability, especially in risk management and performance control. Teams of proven performers should be equipped with sound management processes and tools to capture the value of the opportunity at the front-end of the project delivery cycle and maintain that value through to completion. We conclude with an overview of our proprietary capital delivery process and management system to demonstrate a methodology that reduces risks in a project portfolio and greatly increases the likelihood of achieving predictable project outcomes.
The document discusses Prince2 themes of business case and organization. It provides details on the four steps to create a business case: develop, verify, maintain, and confirm benefits. It emphasizes the importance of properly defining the project organization and roles from the beginning. The project manager should understand who is responsible for what and get buy-in on the organization structure to avoid issues later in the project from unclear or undefined responsibilities.
The document discusses various aspects of project planning including defining the project scope, determining tasks and dependencies, estimating resources and costs, developing a baseline schedule, and monitoring progress against the baseline. It also covers investment criteria for evaluating projects, such as net present value, benefit-cost ratio, internal rate of return, payback period, and accounting rate of return. The document provides information on feasibility studies, their purpose and components.
As per the PfMP Certification, it is critical to keep track of project progress in order to keep the timetable on track. Six elements included in comprehensive project reports are mentioned here.
This document provides an overview of the Unit 9 Project Management course, including its learning aims, assessments, and content. The unit covers investigating project management principles and methodologies, carrying out project initiation, planning, execution, monitoring and control of a project, and closing a project. It is assessed through three assignments focusing on introduction to project management, carrying out project initiation through monitoring and control, and closing the project. The document outlines the content and processes covered in each project phase from initiation through closure.
This document provides an overview of basic project management concepts. It discusses that a project has defined scope, time, cost, quality and resource constraints. The key aspects of project management include planning the work, working the plan, and endorsing the plan. The project manager's role is to manage expectations, direct the team, track progress, communicate status, and resolve issues. Effective project management balances the triple constraints of scope, time and cost. The project life cycle begins with initiation, which involves defining objectives, assembling a team, and getting approval. Planning then further develops the scope, schedule, budget, risks and other elements of the project.
Supply Chain Management Plan
(Project Name)
Student Name
Walden University
Date
Table of Contents
Company Profile 3
Supply Chain Management Philosophy 3
Supply Chain Management Practices 3
Project Scope 4
Project Schedule 4
Project Cost 6
Project Budget 7
Company Profile
Prepare a company profile. The profile should include the items listed below. (1 page)
General Business Information
· Business Name
· Primary Business Location (e.g., Headquarters Location)
Company Overview
· Business Purpose (e.g., Business Function / Mission Statement)
· Size / Market Reach (e.g., Small, Medium, Large / Local, National, Global)
Business Details
· Principal Customers for Medical Devices
· Major Competitors for Medical DevicesSupply Chain Management Philosophy
Supply Chain Management (SCM) encompasses managing and integrating essential business processes across an organization. Efficient and effective SCM affords companies an advantage over its their competitors. While most organizations adhere to industry standards and best practices in SCM (e.g., ISO 9000), they may also incorporate unique aspects that differentiate them from the competition. These unique aspects are typically aligned with the company’s culture, mission, and philosophy on social responsibility and accountability.
Evaluate Johnson & Johnson’s (J&J) SCM philosophy (2-3 pages)
· Describe J&J’s philosophy on SCM
· Explain how J&J’s philosophy on SCM supports its mission statement
· Explain how J&J’s three key focus areas (People, Places, and Practices) apply to its relationships with supply chain partners.
Supply Chain Management Practices
Supply Chain Management (SCM) encompasses the end-to-end business processes necessary for a company to produce goods and services for delivery to the end consumer. Integration between the processes and collaboration among the entities involved in the processes are critical. In 2001, the Global Supply Chain Forum recommended a common definition of SCM and identified eight key business processes that they proposed should be implemented and integrated.
Supply Chain Management Process (1 page)
· Briefly describe each of the eight key business processes identified in the article “The Supply Chain Management Processes,” including the purpose of each process in managing the supply chain.
Evaluate J&J’s approach to Supplier Relationship Management (SRM) (2-3 pages)
· What is J&J’s philosophy on SRM?
· What are the requirements for becoming a supplier partner with J&J?
· What role do suppliers play in achieving the mission of J&J?
· How effective are J&J’s SRM practices?
Project Scope
The scope of the project is derived from stakeholder requirements and is used as input to create the Work Breakdown Structure (WBS). The WBS depicts the total scope of the project, and is the primary source of information for the development of the project schedule and , for the determination of project resources, and is an important element of performance measurement. ...
The document summarizes a half-day workshop on project management. The workshop covers understanding business needs and justifying projects, the project life cycle, developing a project charter, managing scope, schedule and budget using the triple constraints, planning and executing projects, communication plans, closing projects, and continuous improvement.
The document provides a template for a project charter that can be customized for specific projects. It includes sections for background on the problem being addressed, the project vision and success criteria, the project approach and plan, scope, participants and their roles, constraints/assumptions/risks, and a timeline. The template is intended to define the high-level details of a project using a hybrid agile-managed approach at the start.
FIN320 – Gallaher – Prep for Exam 3 – Computational Questions
1. Smallville Courier is a small town newspaper, with revenues of $200,000 and pre-tax operating income of $40,000. It is considering starting an online edition that would be accessible at no cost to the general public and has collected the following information:
1. The initial cost of setting up the online edition is $25,000. That expense will be capitalized and depreciated using the MACRS three-year schedule (33%, 45%, 15%, 7%). There is no salvage value.
1. You expect advertising revenues from the site of $30,000 per year.
1. The annual operating cost of maintaining the online edition will be $15,000.
1. The cost of capital is 15% and the tax rate is 40%.
1. The project has a life of 5 years.
Should Smallville go ahead with the project?
(Include in your answer the following: What are the annual incremental free cash flows associated with this project? What is the NPV? What is the IRR? What is the payback period?)
1. Wade Natural, a beverage company, is considering expanding into the snack business and you have collected the following information on the investment:
i. You estimate the beta of comparable companies in the snack business to be 0.92.
ii. The equity in Wade Natural has a book value of $ 500 million, but the market value of equity is $2 billion.
iii. The firm has $500 million (in market value terms) in interest-bearing debt with 10 year to maturity. The debt currently trades $900 per bond (Face Value = $1,000) and pays a 4% semi-annual coupon.
iv. The risk-free rate is 4% and the equity risk premium is 5%.
v. The marginal tax rate is 40%.
What is Wade Natural’s WACC?
Running head: ASSIGNMENT 2: PROJECT MOTORCYCLES
1
ASSIGNMENT 2: PROJECT MOTORCYCLES
9
Assignment 2: Project Motorcycles
M. Owens
Strayer University
Project Management BUS 375
Professor Puckett
October 31, 2013
Select one (1) of the types of project organization that would suit the development of the larger touring class motorcycles.
The project management organization I would use for this instance is pure project management organization. This helps to separate this project from the home company. It will be an independent segment. It will have its own technical staff and administration, which would be linked to the home company's administration. However, these links will not be strong, and it will enjoy some autonomy. This segment will be able to prepare its own reports on how the project is advancing, make minor purchases, and deliveries without consulting the home company. This will be in order to quicken the development of the motorcycles. The project manager is the head of this segment he will bear full responsibility for the project, although he will report to the senior staff at the home company. This decentralization will also lead to better communication in this segment as the project manager will be able to make some decisions without consulting senior staff in ...
Physiological Principles for Health and Social careNovoraj Roy
Nervous system, muscles, reflexes, respiratory system are the core parts of human body.
Disruption in any of these can cause far reaching consequences for other organs. Vein, arteries
and organs in the body interact with each other and perform bodily functions and growth. Human
body can response multifarious way in cellular and tissue structure. Eventually, through aging
bodily functions started to get weakening and different diseases appear but most of them has cure
which are illustrated in this assignment.
Personal and Professional development of individuals add value to any organizations and flow
positive fruitful consequences in life cycle. Self-managed learning through multifarious ways
including internet, team works, social, experience is regarded the best kind of learning for any
individual. When individual perceive the importance of fundamental constituent parts of life to
undertake and execute task efficiently, individual tends to be more reflective, adroit and efferent
in one’s own way.
Organization are being constituted to accomplish certain objectives by accumulating optimal
human resources, forming structures & managing cultures in a systemic way. In City College
from north west London & Enterprise Car Rental from US we find the optimal use of above
mentioned elements of better organization.
CAPCO is a worldwide recognized technology based consulting farm. This well-known farm is
flat structured where every stuffs works under their own immediate seniors. CAPCO follows
democratic leadership where every employee gets equal chances to take part in the decision
making process. Here managers are very much careful of applying different motivational
theories among their employees. Organizational functions, clear communication, achieving
goals sector get influenced by the CAPCO’s flat structure and ongoing culture.
Consumer needs and wants are filled with market offering of products and strong customer brand
engagement. In organizations importance of marketing process, orientation elements, STP,
Marketing Mix, Consumer Insights are being illustrated here. Above all the role of marketing in
creating values for customers and ways of maintaining strong brand loyalty and customer
engagement with practical examples are described in this assignment. Authoritative achievement
to a great extent relies on upon the dynamic promoting techniques it takes to maintain in the
aggressive commercial center.
Human Resource (HR) is the core element in any organizations. HR has to deal with
documentation, recruiting, selection and retention procedures in all sectors of an organization.
Moreover, linkage between leadership and management is also being demonstrated here. To
make a project up to the “Bench Mark” efficient team building, managerial efficiency,
leadership, monitoring is required for any organization in general. We can find these traits in
British Gas.
Business organization consists of several branches & each sector has its own authorities
®arding responsibilities. In UK there are multifarious types of businesses along with different
structural operations. These businesses can be differentiated through their respective visions &
goals. Accounting is important for an organization because it shows the organisations success
and failure in numbers. Owners and the managers can get a clear idea about the organisations.
Customer relationship can be very helpful as well.
In this 21st era of Globalized business era, communication is one the most important issue to
focus on. Communication theories, methods, ways are very sensitive because they are the
building block of all the managerial function of in any business organization. Correspondence is
a wellspring of data to the hierarchical individuals for basic leadership process as it aides
recognizing and evaluating elective course of activities.
Aspects of contract and negligence for businessNovoraj Roy
Law identified with business can be finished up as all the law which applies to the rights,
relations and behavior of people and organizations occupied with trade, marketing, exchange,
and deals. This report calls attention to the Essential Elements required for the Formation of a
contract, the distinctive sorts of agreements and their effects.
The case study is based on the luxury chocolatier Godiva and it's recent market insight where the
company tried to figure out consumers buying behaviours (when people buy the products and what
consumer perceive about a product) of chocolate products. Godiva has two types of consumer,
first, people who buy chocolate in special occasion
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
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Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
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The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
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Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
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2. Table of Contents
Introduction: ...............................................................................................................................3
Task 1.........................................................................................................................................4
Question1:...............................................................................................................................4
What are the core principles/characteristics of any project?& why are they important?............4
Question2: What would you have included in the scope statement for a project? .....................5
Question 3:..............................................................................................................................6
Using the information below, plot out a full project Gantt chart and identify the critical path?
How many days does it take to complete the project? ..............................................................6
Question 4: What would you need to consider when developing a project budget? ..................8
Question 5: How would you develop a Risk Strategy for a project? .......................................11
Question 6: What quality methods (project evaluation, monitoring and control) would you
introduce to ensure a project is completed successfully?........................................................12
Task 2: Report...........................................................................................................................14
Title: .........................................................................................................................................14
Executive summary:..................................................................................................................14
Identification of the skills and competencies for the project manager:....................................15
The project management process:..............................................................................................16
Project life cycle stages: ........................................................................................................18
Expected outcomes:...............................................................................................................19
Feasibility of the selected project:..........................................................................................20
Cost analysis of ERP system: ................................................................................................20
Importance of leadership: ......................................................................................................21
Administration panel: ............................................................................................................22
Potential risk of the selected project: .....................................................................................23
Conclusion:...............................................................................................................................23
References: ...............................................................................................................................24
3. Introduction:
In our day today life we often need to manage project for various reasons. For efficiently
managing a project, project analysis, monitoring team development, controlling, Gantt chart,
critical paths, life cycles, consequences, administration panel are the crucial part. Project
administration is the craft of dealing with the undertaking and its deliverables with a perspective
to create completed items or administration. There are numerous routes in which a task can be
completed and the path in which it is executed is undertaking administration.
4. Task 1
Question1:
What are the core principles/characteristics of any project?& why are they
important?
Ventures that are effectively overseen have a task sanction, or working arrangement; the partners
are distinguished, the undertaking degree is built up, a work breakdown structure is made. the core
principles of any project are discussed as following:
Defining the possibility of the Project:
The extent of the venture incorporates the deliverable and the limits: when the task starts, when it
closes, what amount can be spent, and what must be proficient.
Plotting a Full Gantt Chart and Critical Path
The Gantt diagram demonstrates the majority of the undertakings that should be finished on the
venture, while the basic way demonstrates the assignment that are basic to finish on time, and their
conditions.
Using Cost Management:
In a cost saving advantages investigation, the individual makes sense of the amount of expense
there will be to a specific advantage. The level of cost adequacy of contrasting decisions ought to
be set up and the general advantages cost, in term of measures of proficiency and viability.
Assessing and Managing Risk
Surveying danger is far simpler on the off chance that one has seen the printed material on an
undertaking. Here Failure is the principal mistake.
5. Missing Quality Management Methods
As a rule, they require a decent dosage of observing and assessment, for this is the way they
indicate responsibility and execute forms that keep the venture on line and on time
(Customwritten.com, 2016).
Question2: What would you have included in the scope statement for a project?
The Scope Statement is one of the most crucialsegment of any project. A viable degree
proclamation is important to direct an undertaking to effective finishing. An ideal Scope
Statement comprises the following information:
6. Justification:
A concise articulation with respect to the business require any venture addresses.“Project charter”
holds more elucidation of Justification of the project.
Product scope description:
The aspects, risks, enhanced potentials of the product are being explained in this description.
Acceptance criteria:
Acceptance criteria are the prerequisites actions of the project which must be materialized before
deliverables of project are accepted.
Deliverables:
Basically deliverables are the objectives of the product result & procedures.
Assumptions:
proclamations about how you will address dubious data as you imagine, arrange, and play out any
project task (dummies, 2016).
Question 3:
Using the information below, plot out a full project Gantt chart and identify the
critical path? How many days does it take to complete the project?
According to the given info, a full project Gantt chart along with the identification of the critical
path are demonstrated as following:
7. Figure: Gantt chart& identification of Critical paths (Self creation)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
A
B
C
D
E
F
Day Number
Tasks
8. Figure: Critical paths Identification (Self creation)
It can be seen in the chart that critical part includes yellow part which is A-C-F. The project needs
18 days to be completed. This Gantt chart is extremely effective in materializing the project as
well as an efficient way of giving us a complete scenario of the project timeline (Cordately Blog,
2012).
Critical paths Discussion: The critical path goes A-C-F-B-D-E.Critical paths permit chiefs to test
and break down all conceivable outcomes, pitfalls, ambiguities and vulnerabilities. They are
utilized to decide and dodge shocks and minimize wastage. Venture chiefs extensively examine
all elements that influence an undertaking and its fruitful culmination ahead of time, plotting that
information obviously as a chart.
Question 4: What would you need to consider when developing a project
budget?
Task A
4 days
Task B
6 days
Task C
days
Task D
2 days
Task E
5 days
Task F
8 days
9. While undertakings can contrast drastically, there are some regular systems with regards to
planning spending budgets. Here are seven elements for generating a budget that supports any
project:
Figure: Development of a Project Budget (self-creation)
The hardest project budget considering:
After that, I have both a model for planning comparative ventures, and the experience for
composing point by point spending plans going ahead.
perceiving from other projects:
Finding a past venture that was comparative in sort or degree to the present one, and use it a model.
Estimating core costs:
we have to scale the task to be finished inside the financial plan—or about extending the financial
plan.
The hardest project budget
considering
perceiving from other projects
Estimating core costs
Flexibility inbudget estimates
Monitoring resources
Realistic Decisions
Spoting scopes
10. Flexibility in budget estimates:
Flexibility must be ensured in the budget to make changes with unexpected situations.
Monitoring resources:
looking into asset utilization week by week to ensure that everybody is working the most
noteworthy needs and putting the best possible measure of hours every week into their
assignments.
Realistic Decisions:
More & ore concerned should be focused on making realistic decision in this unexpected changing
external environment.
Spotting scopes:
The budget should be flexible enough to spot potential scopes, forward risks & other regarding
issues (Liquid Planner, 2013).
11. Question 5: How would you develop a Risk Strategy for a project?
Overseeing danger is a vital undertaking for any venture supervisor. After you have figured out
what dangers exist for your task and surveyed their significance, you have to pick a system for
managing every danger if and when it becomes possibly the most important factor. Risk Strategy
for a project can be explained as following:
Figure: Risk Strategy for a project (mitre.org,2010)
12. Question 6: What quality methods (project evaluation, monitoring and control)
would you introduce to ensure a project is completed successfully?
The procedure adjusts the key task requirements and gives a device to settling on choices all
through the venture taking into account in completing project successfully.
Project evaluation:
Powerful venture EVALUATION incorporates systems, strategies, and instruments for dealing
with the configuration and development conveyance forms and for controlling key components to
guarantee the customer gets an office that matches their desires and capacities as it is planned to
work. Changes in building quality specifically add to diminished operational expenses and
expanded fulfillment for the greater part of the employees. Manager needs to be focused on the
following elements of a project:
13. Figure: Elements to be focused on (Self-creation)
Monitoring:
Monitoring iss a procedure of routinely assembling data on all parts of the venture. Checking
permits results, procedures and encounters to be archived and utilized as a premise to guide basic
leadership and learning forms. Observing is checking progress against arrangements. The
information gained through checking is utilized for assessment.
Controlling:
Project controls are the information social event, administration and explanatory procedures used
to foresee, comprehend and productively impact the time and cost results of an undertaking or
program. The deviation arises from monitoring process are being addressed here. So required
consequences are being taken in order to make the project flexible enough for the standard
benchmark (Development, 2016).
Scope
Quality
Scedule
Budget
Resources
Risk
14. Task 2: Report
Title:
Managing the conversion of Wroxham boat builders & ERP Systems
Executive summary:
With a steady marketplace, loyal group of reliable customers, flexible business environment
Wroxham boat manufacturers and designs motor launches. For years of such prosperity encourages
Wroxham to focus on internal efficacy building only for customer demand. with the evacuation of
exchange boundaries and other Globalized universal exchange understandings Wroxham pontoon
developers wound up contending with other watercraft manufacturer suppliers headquartered in
nations around the globe. Recently ERP Systems wants to link up with Wroxham to develop more
rapid customer delivery. Now the conversion will cost £750,000 pounds & eight week to resurrect.
The main elements of this report are being discussed as following:
15. Identification of the skills and competencies for the project manager:
As it’s a huge conversion project, regarded project manager must have required visions, goals,
ideals & manager needs to be highly skilled & competent enough on following matters:
Good Correspondence skills:
Correspondence is a wide subject, so it's hard to approach it from a comprehensive edge. A decent
place to begin is by enhancing your presentation aptitudes, which interprets into everything from
a kickoff meeting to a pitch to customers and partners.
Having technical leadership skills:
It is said that a great many assets exist that advance better administration. Venture Leadership
loaded with significant data you can actualize quickly to improve as a task pioneer.
Identification of the skills and competencies for the project
manager
the project management process
project life cycle stages on the basis of the project
Expected outcomes
Feasibility of the selected project
Importance of leadership
Administrationpanel
Potential risk of the selected project
16. Strategic Team management:
A successful group manager exceeds expectations at controlling and organizing gatherings of
people by advancing cooperation, appointing assignments, determining strife, setting objectives,
and assessing execution.
Skilled Negotiation perception:
A considerable measure of this correspondence needs to do with arranging the utilization of assets,
spending plans, plans, scope creep, and an assortment of different bargains that are unavoidable.
Realistic Consequences oriented:
Being results-arranged incorporates concentrating on the exercises expected to propel the venture
and doing them; checking on and evaluating the aftereffects of the execution.
Managing Customer Engagement:
Patience and sharp nature for the client's individual field of action or division of industry and the
various leveled levels. Ability to "offer" the venture results in the association of customer is
actually a rare caliber.
The project management process:
17. Project conception and initiation:
Amid this stage, a basic leadership group will distinguish if the venture can sensibly be finished.
A thought for a venture will be painstakingly inspected to figure out if or not it advantages the
association (Projectinsight.net, 2016).
Project definition and further planning:
A venture arrangement, venture sanction and/or venture degree might be expressly stated,
sketching out the work to be performed.
Execution:
Assets' errands are circulated and groups are educated of obligations. This is a decent time to raise
imperative task related data to materialize the project.
project
managemen
t process
Project
conception
and
initiation
Project
definition
and further
planning
Execution
Project
performanc
e
controlling
& flexibility
18. Project performance:
In this phase the project is actually being tested. The performance is compared with the set up
goals & visions.
controlling &flexibility:
Venture administrators will contrast venture status and advancement with the real arrangement, as
assets play out the planned work. Amid this stage, venture administrators may need to modify
plans or do what is important to keep the undertaking on track (Projectinsight.net, 2016).
Project life cycle stages:
Figure: Project life cycle stages (Smart sheet, 2015)
Project Conception & Initiation:
19. This is the begin of the task, and the objective of this stage is to characterize the undertaking at a
wide level. If achievability testing should be done, this is the phase of the venture in which that
will be finished. A Wroxham boat builder wants ERP system to get merged with. Now this is the initiation
of their project.
Project Defining & Planning:
This stage is critical to effective undertaking administration and spotlights on building up a guide
that everybody will take after. This stage ordinarily starts with setting objectives.
Project Execution:
This is the stage where deliverable is produced and finished. This regularly feels like the meat of
the task following a great deal is occurring amid this time, similar to status reports and gatherings,
improvement upgrades. Comprising teams, assigning tasks, setting up traffic management process,
IMC calendar, Status meetings are being executed in this process.
Project Control:
This is about measuring venture movement and execution and guaranteeing that everything
happening adjusts to the undertaking administration arrangement. Venture directors will utilize
key execution indicators (KPIs) to figure out whether the task is on track. Further requirements are
being taken in order to merge with the unexpected external consequences.
Project Close:
This stage speaks to the finished venture. Temporary workers employed to work particularly on
the undertaking are fired as of now. Important colleagues are perceived.
Expected outcomes:
From the mentioned steady marketplace, loyal group of reliable customers, flexible business
environment it seems that the outcomes from the new conversion project will favorable. The results
are the progressions or results that the association hopes to be accomplished after the fruitful
finishing of the venture. The results could be quantitative or subjective or both. We ought to
attempt to make the results quantitative as much as we can as the benefactor offices dependably
give an eye to it.
20. Feasibility of the selected project:
In a task is an efficient appraisal and assessment of all conceivable option approaches accessible
for accomplishing the undertaking destinations to make sense of which of the alternatives give off
an impression of being best and giving the best answer for the venture. Here Wroxham & ERP
both are well established marine brands. As there is removal of trade barriers& mitigation of global
trade agreement policies so that this is the perfect period to make this conversion materialized. The
way toward breaking down undertaking possibility and choices plans to investigate every single
plausible option and give confirm that the proposed venture decision can really be actualized with
the best choice accessible among every single practical option.
Cost analysis of ERP system:
Item One time Comments
System & programming £ 50,000 SC software setting in the
system
Software £ 70,000 Support software for supply
chain
Hardware £ 1,50,000 System upgrade or
supplement workstation
Accuracy for inventory
records
£ 75,000 Added cycle counter and new
equipment include
Material’s bill for structure
and accuracy
£ 50,000 Into the format of modular the
bill be restructured and skilled
engineers will be appointed in
this stage.
Accurate routine £ 25,000
Forecasting £ 50,000 For forecast the sales full time
person will be appointed
21. Project team £ 1,50,000 One corporate leader and one
FT person for two years per
plant
Professional guidance £ 50,000 During the installation two
days per month
Education and training £ 80,000 Key leaders and teams to learn
principles of ERP and also
techniques and application of
them into the project
Total £ 7,50,000
Importance of leadership:
With the underlying pieces set up, the undertaking administrator needs to acquaint the venture with
the group of individuals who will cooperate. In doing as such, the administrator ought to convey
the data plainly and with certified energy. Driving a venture towards achievement requires the
chief to complete the work by the colleagues proficiently and viably.
Figure: Project Success through leadership ( self creation)
The use of initiative and administration in the undertaking execution is normally subject to the sort
of venture and the life cycle organize that the task is in. For ventures which are immense effect,
Empowering Visioning
Listeing &
Questening
Influencing
Team
building
22. huge scale, unpredictable and worldwide in nature the principles to be accomplished, the objectives
and the deliverable are compelled when casing, spending plans and the business sector progression.
These sorts of undertakings include huge and circulated venture groups, involving individuals from
differing disciplines. Amid the arranging period of the task, the pioneer ought to lead the group
and the partners through a tweaked venture concentrate in order to comprehend the undertaking
needs. This stage should be focused on in order to increase complete familiarity with the
prerequisites. Likewise, the undertaking pioneer has a critical part to play in change administration.
A decent pioneer ought to have the capacity to foresee the change and address it viably.
Additionally, the usage will be multi-staged. In such a circumstance the undertaking achievement
and business sustenance can be accomplished just through a powerful and savvy initiative (Project-
management.com, 2016).
Administration panel:
The particular obligations of organization board shift from industry to industry, organization to
organization, and in some cases even from undertaking to extend. In any case, there are some key
obligations and duties that, if performed well, will help effectively finish ventures.
Figure: Roles of Administration panel
Planning:
Planning Organizing
Leading Controlling
23. Arranging is a crucial obligation of an undertaking administrator. Figuring out what should be
done, who is going to do it, and when it should be done are all a player in the arranging procedure.
Remember that arranging is an iterative procedure that happens for the duration of the life of the
venture
Organizing:
Getting sorted out is about setting up the venture group's structure. A noteworthy driver in this
angle is the organization's current structure.
Leading:
Driving alludes to doing the task arrangement so as to accomplish the undertaking destinations.
Driving the undertaking is one of the all the more difficult perspectives for organization board.
Controlling:
If there is any deviation found in the project administration panel undertakes requisite actions to
address the deviations. Such actions are mandatory to make the project up to the mark.
Potential risk of the selected project:
Even the most carefully planned project may have some trouble. A few organizations and
enterprises create hazard agendas in light of experience from past ventures. These agendas can be
useful to the venture chief and undertaking group in distinguishing both particular dangers on the
agenda and growing the reasoning of the group.
Conclusion:
project Management skills and the act of the same have gotten to be essential to the cutting edge
venture chief and they frame the premise of quite a bit of what is accomplished over the span of
an undertaking. In this way, the possibility of a task being overseen professionally fits the ideas
and procedures laid out for the specialists of the specialty of Project Management. Eventually,
undertaking achievement and business sustenance can be accomplished just through a powerful
and savvy successful project.