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Managing Internal Customers along with achieving the desired outcome as per plans is one of the daunting tasks for the Program Manager...Some points to make the job easier
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Managing Internal Customers along with achieving the desired outcome as per plans is one of the daunting tasks for the Program Manager...Some points to make the job easier
Excited to share my presentation on Lesson 03 - "Doing the Work" for PMI Authorized PMP Exam Preparation! 📊🌐
In this session, I'll delve into the core aspects of effective project management, aligning your skills with PMI's renowned PMP certification. We'll explore the art of translating theory into practical action, delivering tangible results in complex projects. Join me in unraveling the secrets to success in the PMP exam journey! 💡🚀
#PMPExam #ProjectManagement #PMP #PMI #Certification #ProfessionalGrowth
As per PMBOK - "The whole point of undertaking a project is to achieve or establish something new, to venture, to take chances, to risk. Risk may have positive effects or negative effects on the project “Schedule” and/or “Cost”. Positive risks are Opportunities and negative risks are losses or threats; remember both risks are uncertain “percentage of occurrence less than 80%”. Risk Management purpose is to manage (Plan and implement) these uncertainties.
COEPD is expert in Business Analyst Training in Hyderabad, Chennai, Pune & Mumbai. We offer Business Analyst Training with affordable prices that fit your needs.
COEPD conducts 4-day workshops throughout the year for all participants in various locations i.e. Hyderabad, Chennai, Pune & Mumbai. The workshops are also conducted on Saturdays and Sundays for the convenience of working professionals.
Five Immutable Principles of Project of Digital Transformation SuccessGlen Alleman
Successful Digital Transformation projects are fraught with technical, cost, and schedule risks.
These Five Principles of Project Success have been shown to increase the Probability of Project Success (PoPS).
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.
5 immutable principles of project success (v2)(notes)Glen Alleman
5 Immutable principles of project success applied to the Rocky Flats Environmental Technology Site (RFETS) describing how the nations largest nuclear weapons plants was closed using Measures of effectiveness, Measures of Performance and Technical Performance Measures.
Making the leap from project manager to program
manager requires not just different skills but a different
mindset. We asked seven experienced program
managers, “What should project managers
know and do when taking on broader, more
strategic roles?”
Excited to share my presentation on Lesson 03 - "Doing the Work" for PMI Authorized PMP Exam Preparation! 📊🌐
In this session, I'll delve into the core aspects of effective project management, aligning your skills with PMI's renowned PMP certification. We'll explore the art of translating theory into practical action, delivering tangible results in complex projects. Join me in unraveling the secrets to success in the PMP exam journey! 💡🚀
#PMPExam #ProjectManagement #PMP #PMI #Certification #ProfessionalGrowth
As per PMBOK - "The whole point of undertaking a project is to achieve or establish something new, to venture, to take chances, to risk. Risk may have positive effects or negative effects on the project “Schedule” and/or “Cost”. Positive risks are Opportunities and negative risks are losses or threats; remember both risks are uncertain “percentage of occurrence less than 80%”. Risk Management purpose is to manage (Plan and implement) these uncertainties.
COEPD is expert in Business Analyst Training in Hyderabad, Chennai, Pune & Mumbai. We offer Business Analyst Training with affordable prices that fit your needs.
COEPD conducts 4-day workshops throughout the year for all participants in various locations i.e. Hyderabad, Chennai, Pune & Mumbai. The workshops are also conducted on Saturdays and Sundays for the convenience of working professionals.
Five Immutable Principles of Project of Digital Transformation SuccessGlen Alleman
Successful Digital Transformation projects are fraught with technical, cost, and schedule risks.
These Five Principles of Project Success have been shown to increase the Probability of Project Success (PoPS).
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.
5 immutable principles of project success (v2)(notes)Glen Alleman
5 Immutable principles of project success applied to the Rocky Flats Environmental Technology Site (RFETS) describing how the nations largest nuclear weapons plants was closed using Measures of effectiveness, Measures of Performance and Technical Performance Measures.
Making the leap from project manager to program
manager requires not just different skills but a different
mindset. We asked seven experienced program
managers, “What should project managers
know and do when taking on broader, more
strategic roles?”
Michael Mouyal entered the field of marketing in the 1980s, when cell phones and portable computers were still on the drawing board and the biggest technological innovation was the fax machine. He started his career with a Xerox reseller in Canada and learned a great deal about marketing and sales there. Currently an independent consultant for OneWorld Benefits, Michael Mouyal helps clients identify and capitalize on their hidden strengths and assets. Outside of the office, he enjoys a broad range of recreational and relaxation activities, especially grilling food outdoors.
TRACK YOUR INCOME...I think this is one of Great Passive Online income opportunities. With only 35 $ to start, possibilities seem to be endless and long term too! Rare thing to have Great & Passive in the same phrase..But this is it. I happen to know Admins of Track Your Income and we know these are NOT scamers.
This is getting a bit better now. Hopefully a bit cleaI cut out some of the electrical garbage. I gave this at Fabel Kommunikation's brilliant Truly Yours conference in Sweden earlier this week.
IT Project Management In this course, we only introduce p.docxchristiandean12115
IT Project Management
In this course, we only introduce project management, but the main
concepts are covered. In order to be a good project manager, you
should specialize in this area. Project management certificates are
offered by universities such as UMUC, and there is at least one
recognized certification authority—the Project Management Institute
(PMI). PMI evaluates both your experience as well as your knowledge
before a certification is awarded. So, you can see that project
management cannot really be learned from a book or a class, but from
those combined with experience in the "real world."
A couple of definitions with which you should be familiar are:
• project: a temporary endeavor undertaken to create a unique
product, service, or result
• project management: the application of knowledge, skills,
tools, and techniques to project activities to meet project
requirements
What is the role of a project manager? Is it different for an IT project
manager? A project manager must control the four key variables
associated with any project: time (schedule), resources (human and
financial), scope of work, and quality.
The project manager leads the development of a project plan that
takes all of these into consideration. Frequently, trade-offs are
required. For instance, the budget may be limited, which restricts the
scope of the work and perhaps how many people can work on the
project. Or, the project is needed within a certain time frame, which
may drive up the costs, since more people would have to be hired to
complete the project on time.
When any one of the four variables changes, there is an impact on at
least one (and often more than one) other variable. A strong project
manager pays attention to the project plan and the progress of the
project against the plan, and manages the variables appropriately to
ensure successful completion of the project. Successful completion is
accomplished if the project is delivered on time, stays within the
allocated budget, performs the required functions, and does so
correctly. This role is the same for any project manager, including an
IT project manager.
1
The four variables are interdependent. You cannot change one
without affecting the others. For example,
Decreasing a project's time frame means either increasing the
cost of the project or decreasing the scope of the project to meet
the new deadline.
Increasing a project's scope means either increasing the
project's time frame or increasing the project's cost—or both—
to meet the increased scope changes.
Decreasing a project's resources (either people or money) will
necessitate a reevaluation of the scope and/or the quality. The
scope may need to be reduced to avoid decreasing the quality,
or if the scope must remain unchanged, quality will suffer.
Increasing a project's quality requirements will require more
time and money to incorporate more perfectio.
Project management is the process of preparing and facilitating projects from start to finish. In this role, project managers plan, design and carry out projects, monitor progress, keep stakeholders informed, and prepare budgets.
GETTING STARTEDOverview of the ProjectNothing is impossible fo.docxgilbertkpeters11344
GETTING STARTED
Overview of the Project
Nothing is impossible for the man who doesn’t have to do it himself.
—A. H. WEILER
INTRODUCTION
The job of a business executive requires coordination of the many activities necessary to create a successful business. Markets must be analyzed, potential customers identified, strategies for creating and delivering products and services must be developed, financial goals established and reported, legislative mandates followed, and many different stakeholders satisfied. To ensure that these objectives are met, businesses eventually develop a series of processes designed to produce the desired result. But the world is a dangerous place. Earthquakes, floods, tornadoes, pandemics, snowstorms, fire, and other natural disasters can strike at any time and interrupt these important processes. Terrorism, riots, arson, sabotage, and other human-created disasters can also damage your business. Accidents and equipment failures are guaranteed to happen. As an executive responsible for the well-being of your organization, it is critical that you have a plan in place to ensure that your business can continue its operations after such a disaster and to protect vital operations, facilities, and assets.
You do this just like you do any other important task; you analyze the situation and create a plan. A disaster recovery plan keeps you in business after a disaster by helping to minimize the damage and allowing your organization to recover as quickly as possible. While you can’t prevent every disaster, you can with proper planning mitigate the damage and get back to work quickly and efficiently. The key is having a well-thought-out and up-to-date disaster recovery plan. This chapter will lead you through the creation and implementation of a project plan for creating an effective disaster recovery plan.
Disaster recovery is to recover from a significant disaster, such as a roof collapse in the computer room or a fire in a significant portion of the offices. A disaster almost always requires rebuilding a portion of the business in a recovery area in a very short time. Business continuity, also known as business resilience, involves identifying and mitigating critical machines that may fail. For example, a failure of the database server may close down online customer orders, so a second server is clustered and the disk storage is mirrored to provide redundancy.
THE DISASTER RECOVERY PLAN PROJECT
Building a disaster recovery or business continuity plan is much like any other business project. A formal project management process is necessary to coordinate the various players and company disciplines required to successfully deliver the desired results of the project. This chapter will give you a high-level roadmap of what you should expect as you prepare to lead or manage a disaster recovery project. A sample project plan is included in the companion url accompanying this book. Adapt this chapter and the project plan to fit your bu.
GETTING STARTEDOverview of the ProjectNothing is impossible fo.docxshericehewat
GETTING STARTED
Overview of the Project
Nothing is impossible for the man who doesn’t have to do it himself.
—A. H. WEILER
INTRODUCTION
The job of a business executive requires coordination of the many activities necessary to create a successful business. Markets must be analyzed, potential customers identified, strategies for creating and delivering products and services must be developed, financial goals established and reported, legislative mandates followed, and many different stakeholders satisfied. To ensure that these objectives are met, businesses eventually develop a series of processes designed to produce the desired result. But the world is a dangerous place. Earthquakes, floods, tornadoes, pandemics, snowstorms, fire, and other natural disasters can strike at any time and interrupt these important processes. Terrorism, riots, arson, sabotage, and other human-created disasters can also damage your business. Accidents and equipment failures are guaranteed to happen. As an executive responsible for the well-being of your organization, it is critical that you have a plan in place to ensure that your business can continue its operations after such a disaster and to protect vital operations, facilities, and assets.
You do this just like you do any other important task; you analyze the situation and create a plan. A disaster recovery plan keeps you in business after a disaster by helping to minimize the damage and allowing your organization to recover as quickly as possible. While you can’t prevent every disaster, you can with proper planning mitigate the damage and get back to work quickly and efficiently. The key is having a well-thought-out and up-to-date disaster recovery plan. This chapter will lead you through the creation and implementation of a project plan for creating an effective disaster recovery plan.
Disaster recovery is to recover from a significant disaster, such as a roof collapse in the computer room or a fire in a significant portion of the offices. A disaster almost always requires rebuilding a portion of the business in a recovery area in a very short time. Business continuity, also known as business resilience, involves identifying and mitigating critical machines that may fail. For example, a failure of the database server may close down online customer orders, so a second server is clustered and the disk storage is mirrored to provide redundancy.
THE DISASTER RECOVERY PLAN PROJECT
Building a disaster recovery or business continuity plan is much like any other business project. A formal project management process is necessary to coordinate the various players and company disciplines required to successfully deliver the desired results of the project. This chapter will give you a high-level roadmap of what you should expect as you prepare to lead or manage a disaster recovery project. A sample project plan is included in the companion url accompanying this book. Adapt this chapter and the project plan to fit your bu ...
Travis Barker, MPA GCPM
Innovate Vancouver
https://innovatevancouver.org
Consulting@innovatevancouver.org
Download a copy of the playbook at http://innovatevancouver.org
"Project Management Generator"
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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Research shows only 30% of organizations see their change management as successful. Here are 3 key areas to focus on to enable change.
Learn more - http://gt-us.co/1aDc2t1
1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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ASSIGNMENT
DRIVE FALL 2014
PROGRAM MBADS (SEM 4/SEM 6)
MBAFLEX/ MBAN2 (SEM 4)
PGDPMN (SEM 2)
SUBJECT CODE & NAME PM0016 –PROJECT RISK MANAGEMENT
BK ID B1345
Credit and Max. Marks 4 credits; 60 marks
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q1. Mention the steps followed in the risk identification process.
Answer : Risk identification is the critical first step of the risk management process.
2. The objective of risk identification is the early and continuous identification of events that, if they
occur, will have negative impacts on the project's ability to achieve performance or capability
outcome goals. They may come from within the project or from external sources.
There are multiple types of risk assessments, including program risk assessments, risk assessments
to support an investment decision, analysis of
Q2. What are the strategies used in risk response planning process.
Answer : A key outcome of the risk identification and assessment process is a detailed list of all key
risks including those that require treatment as determined by the overall level of the risk against the
Institution's risk tolerance levels. However, not all risks will require treatment as some may be
accepted by the Institution and only require occasional monitoring throughout the period.
All key risks identified should be responded to; however not all these risks will require treatment.
The risks that fall outside of the Institution's risk tolerance levels are those which pose a significant
potential impact on the ability of the Institution to achieve set objectives and therefore require
treatment.
3 What are the steps to balance short term and long term plans? What are the risk impacts? Give
examples.
Answer : Developing a marketing plan takes time. It is a step by step process ranging from identifying
and researching your target audience, understanding your competitive position, branding,
advertising, separating your business from the competition, reputation management, and more. And
this week, we are going to address the next step in this process: Developing Short Term and Long
Term Strategies.
You need to plan for the future success of your business. But without a short term strategy, your
business may not be around long enough for those long term strategies to come to fruition.
Conversely, focusing solely on your short term
4 Explain contract management? List the differences between a program and a project in business.
Answer : Contract management or contract administration is the management of contracts made
with customers, vendors, partners, or employees. Contract management includes negotiating the
terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as
documenting and agreeing on any changes or amendments that may arise during its implementation
or execution. It can be summarized as the process of systematically and efficiently managing
contract creation, execution, and analysis for the purpose of maximizing financial and operational
performance and minimizing risk.
5. Pagan Mira is a project manager in Latitude Software Put Ltd Company. Pagan attended the
seminar conducted annually in HCF convention centre, Lucknow. One of the managers portrayed
3. the following situation at a company at which he had worked: In any organisation the project
managers were remunerated for rectifying the problems in troubled projects. A manager who
took a project that was not in good shape had refurbished it to good shape and it was appreciated
by the customers. He could foresee sizable bonus at his next performance review. The
management analysed it to be proper way to encourage their employees to outstanding
performance. One project manager at this company analysed this incentive system and, as should
have been expected by upper management, employed it in his own best interest. He would
secretly allow his projects to worsen slowly until they were on the edge of cancellation, then, with
obvious, evident, heroic effort, would revive them. His actions –of which he made certain that his
managers were aware – earned him considerable bonuses time and again. The higher
management finally came to know that he was the cause of the problems that his projects
suffered, and he was immediately dismissed.
Pagan’s response to this presentation was twofold:
Good for the Manager
Top management at this company made it apparent to the project manager that it washes interest
to save a troubled project. If top management didn't analyse to provide him with a troubled
project, he had to provide it for himself. The manager showed discernment and cleverness in
supervising his projects in such a way that he could concurrently attain the company's goal and his
own (financial reward).
Shame on the Company
Top management at this company failed to guarantee that the project manager's best interest
overlapped with the company's best interest. If the company wanted to have projects that were in
good shape throughout their lifetimes, then their incentives to the project managers should have
been focused toward keeping projects healthy. Managers whose projects never weakened should
have received greater bonuses than managers whose projects suffered and later recovered.
Furthermore, they failed to distinguish the apparent skill that this manager had; rather than firing
this manager the company should have changed its incentive system and let this manager grow in
situation that would simultaneously benefit the company.
What could have the company done to avoid such situation? Do you think that Risk mitigation is a
useful approach for this company? Justify.
Answer : Employee motivation is probably the most important single manageable factor for success
and profitability of all the facets of specialty store retailing. It is too vital to be handled on a hit or
miss basis, depending on the whim or spirit that stirs the store owner or manager from time to time.
To be effective, employee motivation must be promoted on a day-to-day, month-to-month basis. It
is a function that can and will pay enormous dividends.
It is desirable for management to be highly enthusiastic, articulate and effervescent although each
person comes across in a different way. Sincerity, fairness and candour are essential. True personal
interest in your associates problems is valuable.
6 Explain the need for documentation?
Answer : The need for documentation is explained as below :
Low-Risk Project Documentation
4. The goal is to communicate and document the essence of the project, primarily for
informational purposes, both within the University and to outside stakeholders.
The Low-Risk Project Form provides a template for providing this information.
A low-risk project is typically described by a sentence or two of text in each of the sections of
the form.
The level of detail in this documentation should be agreed upon mutually by the project
manager and the project sponsor, with additional input and guidance as appropri ate from
the key project stakeholders.
Medium-Risk Project Documentation
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