The document discusses reopening the Yang Sing Hotel in Manchester, which closed in 2009 due to the financial crisis. It provides an executive summary of the project to analyze problems with the previous project and propose solutions using project management techniques. It then outlines the project objectives, which include eliminating previous problems, performing a stakeholder analysis, developing a new project plan with milestones, and creating a communication plan. It also discusses performance measurement, stakeholder analysis identifying key groups, and a stakeholder matrix showing their interests and roles.
Assessment Information/Brief 2019/20 | Yang Sing HotelEmre Dirlik
This document provides information and instructions for Assignment 1 of the Project Management, Leadership and Skills: Planning and Control module. Students are asked to write a report for a proposed new hotel project that addresses key risks and project management aspects. The report should include a detailed business case, project plan using Microsoft Project, and recommendations. It should discuss objectives, quality management, stakeholders, schedule, resources, constraints, risks, and communications. The maximum word count is 3,000 words and the deadline for submission is June 21, 2020. The assignment will be assessed based on the project plan, business case, conclusions, and presentation.
Project Management Leadership, And Skills : Planning And Control | Assignment...Emre Dirlik
This document discusses planning and control in project management, leadership, and skills. It covers three main parts: network diagrams and critical path analysis, risk analysis and opportunities, and motivation management. In part A, a network diagram of the house renovation project is presented showing the critical path. In part B, risks like cost increases, supply issues, and workforce shortages are analyzed. Risk scores are assigned based on probability and impact. Part C discusses motivation theories as they relate to an unmotivated team member, Kevin, and how removing him from the project could benefit the team and project goals.
Assignment 1-case study assignment question licservernoida
The Nelsons wanted to install a new bathtub in their home, but the project experienced scope creep as it progressed. Additional upgrades were made to the tub installation like a fancier frame, tile flooring and lighting. Further scope creep occurred when they decided to replace the old water heater and furnace to improve hot water capacity for the new tub. While the end result was pleasing, it cost much more than the originally planned $1,500 budget due to uncontrolled scope creep during the project.
Seven Sins, Seven Jokes, and Seven Riddles is a collection of the best phrases in the project management life. The riddles are taken from the book Math Puzzles for MBAs by Igor Kokcharov. The book features a collection of challenging math puzzles that people with masters of business administration degrees, project managers, and entrepreneurs encounter in real life. The book includes the following topics: Business (Scope), Money (Cost), Time (Scheduling), Risk, and People (Project Resources).
This document discusses the key processes involved in project management. It begins by explaining the importance of understanding stakeholders and their various needs and perspectives. It then discusses factors that help projects succeed, with executive support and user involvement being the most important. The document outlines the typical project management processes of initiation, planning, execution, control, and closure. It emphasizes the need for leadership, communication skills, and managing resources effectively. Developing an internal methodology tailored to an organization's specific needs is also recommended.
The document discusses various topics related to project management fundamentals including project cash flow, time value of money, project selection criteria, project scheduling, critical path method (CPM), Gantt charts, and staffing & rescheduling. It provides definitions and explanations of key concepts such as cost types, discount rates, numeric and non-numeric selection models, precedence relationships, critical paths, slack times, and resource smoothing. Examples are given to illustrate how to construct Gantt charts from CPM/PERT analysis and optimize schedules through staff reallocation.
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.
Assessment Information/Brief 2019/20 | Yang Sing HotelEmre Dirlik
This document provides information and instructions for Assignment 1 of the Project Management, Leadership and Skills: Planning and Control module. Students are asked to write a report for a proposed new hotel project that addresses key risks and project management aspects. The report should include a detailed business case, project plan using Microsoft Project, and recommendations. It should discuss objectives, quality management, stakeholders, schedule, resources, constraints, risks, and communications. The maximum word count is 3,000 words and the deadline for submission is June 21, 2020. The assignment will be assessed based on the project plan, business case, conclusions, and presentation.
Project Management Leadership, And Skills : Planning And Control | Assignment...Emre Dirlik
This document discusses planning and control in project management, leadership, and skills. It covers three main parts: network diagrams and critical path analysis, risk analysis and opportunities, and motivation management. In part A, a network diagram of the house renovation project is presented showing the critical path. In part B, risks like cost increases, supply issues, and workforce shortages are analyzed. Risk scores are assigned based on probability and impact. Part C discusses motivation theories as they relate to an unmotivated team member, Kevin, and how removing him from the project could benefit the team and project goals.
Assignment 1-case study assignment question licservernoida
The Nelsons wanted to install a new bathtub in their home, but the project experienced scope creep as it progressed. Additional upgrades were made to the tub installation like a fancier frame, tile flooring and lighting. Further scope creep occurred when they decided to replace the old water heater and furnace to improve hot water capacity for the new tub. While the end result was pleasing, it cost much more than the originally planned $1,500 budget due to uncontrolled scope creep during the project.
Seven Sins, Seven Jokes, and Seven Riddles is a collection of the best phrases in the project management life. The riddles are taken from the book Math Puzzles for MBAs by Igor Kokcharov. The book features a collection of challenging math puzzles that people with masters of business administration degrees, project managers, and entrepreneurs encounter in real life. The book includes the following topics: Business (Scope), Money (Cost), Time (Scheduling), Risk, and People (Project Resources).
This document discusses the key processes involved in project management. It begins by explaining the importance of understanding stakeholders and their various needs and perspectives. It then discusses factors that help projects succeed, with executive support and user involvement being the most important. The document outlines the typical project management processes of initiation, planning, execution, control, and closure. It emphasizes the need for leadership, communication skills, and managing resources effectively. Developing an internal methodology tailored to an organization's specific needs is also recommended.
The document discusses various topics related to project management fundamentals including project cash flow, time value of money, project selection criteria, project scheduling, critical path method (CPM), Gantt charts, and staffing & rescheduling. It provides definitions and explanations of key concepts such as cost types, discount rates, numeric and non-numeric selection models, precedence relationships, critical paths, slack times, and resource smoothing. Examples are given to illustrate how to construct Gantt charts from CPM/PERT analysis and optimize schedules through staff reallocation.
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.
PROJECT MANAGEMENT - ASSIGNMENT ON BRIDGE CONSTRUCTION PLAYS A ROLE OF PROJEC...Yamini Kahaliya
This Assignment is on role of project manager in the bridge construction.
the subject is project management
this is beneficial for bba/mba students
covers the following topics -
Meaning of Project Management
Meaning & role of Project Manager
Project Life Cycle
Introduction
First step
Second step
Third step
Fourth step
Fifth step
Conclusion
Bibliography
This document compares projects, programs, and portfolios. It outlines that projects have a reduced and specific scope, while programs have a broader scope and may experience more changes. Portfolios follow a corporation's strategy. Project managers focus on time, scope and cost, while program managers measure success through ROI, new functionalities and benefit realization. Portfolio managers measure aggregate performance. Leadership styles also differ, with project managers focusing on execution, program managers on relationships, and portfolio managers on adding value.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Inse 62301 Project Management Development Plan Presentation Group#20Sherif Hafez
This document provides a project management plan for the construction of a condominium building project in Montreal. The plan outlines the initiation, planning, execution, monitoring and control, and closing phases of the project. Key elements of the plan include defining the project requirements and scope, developing a schedule and budget, establishing quality and communication plans, and identifying and mitigating risks. Regular progress reporting and oversight of costs, schedule, risks and procurements will help ensure the project is delivered as planned over its scheduled 18 month timeframe.
The document discusses the process of developing a work breakdown structure (WBS) for a housing construction project. It begins by establishing the levels of the WBS from Level 1 (the overall project) down to Level 4 (individual tasks). It then shows how the WBS is used to create an organizational breakdown structure (OBS) and responsibility assignment matrix (RAM) to assign responsibilities and resources to complete the tasks.
The Project Management Process - Week 1Craig Brown
This document provides an overview of project management concepts. It discusses that projects have a definite beginning and end, and defines a project. It also outlines the five process groups that projects typically go through. Additionally, it explains the triple constraint of time, cost and scope that projects aim to balance, and introduces the nine knowledge areas of the project management framework. Finally, it emphasizes the importance of an integrated approach to managing all aspects of a project.
This document provides an overview of project planning, including definitions of key terms like project plan, work breakdown structure, scheduling, and monitoring. It discusses the need for and benefits of project planning. The main components of a project plan are defined as scope, schedule, and cost. Various project planning tools are introduced, including Gantt charts, network diagrams, critical path method, and program evaluation and review technique. The document also covers project objectives, policies, and scheduling considerations like manpower availability and fund releases.
This document provides a proposal for the Clayton House addition project. It includes an introduction of the construction company Arizona General Contracting & Design Services LLC. It outlines the project charter, scope, milestones, and authorization. It also includes an analysis of the site including maps, pricing data, and plans for grading, drainage, waste, water, solar, safety, weather, traffic, parking and staging. The preliminary budget for the project is estimated to be no more than $250,000 which the sponsor will pay for all costs associated with planning and development.
The document discusses the work breakdown structure (WBS) which is a hierarchical decomposition of the total scope of work to be carried out by a project team to accomplish project objectives. It defines the WBS and provides examples. Key points covered include that the WBS defines 100% of the work, follows quality principles like being deliverable-oriented, and provides important benefits such as facilitating communication and defining the project scope.
The Term paper based on primary and secondary basis so do not copy it . Do study and taken help from this term paper. It is a well structure term paper. Yes all works have mistakes if here found some mistakes so forgive me.
The document discusses portfolio management, program management, and project management. It defines each term and explains how a Program, Portfolio, and Organizational Office (P3O) can facilitate successful portfolio, program, and project management (P3M). A P3O provides decision support, standards, oversight, and assurance to deliver the right programs and projects, ensure consistency, and build a competent workforce to effectively execute organizational change. Establishing a P3O with a portfolio office, center of excellence, and temporary program and project offices can increase the chances of successfully delivering strategy and projects on time and on budget.
Practical Project Cost Control for Large Complex ProjectsJeremie Averous
In this talk given at the Singapore Project Management Institute in December 2014, Jeremie Averous details key success factors for cost control in large, complex projects:
- how and why Project Cost Control is different from Accounting or manufacturing Cost Control,
- Project Value Delivery's 14 Golden Rules or Project Cost Control,
- the Profile and training of project cost controllers,
- the different cost forecasting methods,
- Project performance financial accounting using Percentage of Completion accounting,
- Basic Project Cost Control Forensics methods
The document discusses project cost management. It provides details on planning cost management, estimating costs, and determining the project budget. Key points include:
1) Planning cost management establishes policies and procedures for managing project costs and results in a cost management plan.
2) Estimating costs develops approximations of resource needs and uses techniques like expert judgment, analogous and parametric estimating.
3) Determining the budget aggregates activity cost estimates to establish a cost baseline.
PRINCE2 Agile - Which is the difference between PRINCE2 and other Agile Frame...Branislav Gablas PMP (5k)
How PRINCE2 can be blended with Agile principle, which is the core of PRINCE2 Agile, How Scrum, Kanban, Agilometer, Cynevin, Behaviours and targers are used in PRINCE2 Agile?
This document provides 200 sample questions for the Project Management Professional (PMP) certification exam based on the 5th edition of the PMBOK Guide. The questions cover topics like project constraints, risk management, quality management, procurement, and the five process groups. Each question includes an answer and a brief hint explaining the rationale. The questions are designed to help PMP exam candidates understand the type of questions that may be asked and prepare for the multiple choice format of the real exam.
Conveyor Belt Project Report using MS PROJECT by creating work package,deliverable, sub-deliverables and allocating resources to them. Analysis was done and suggestion was made for the overall imporvement
Công ty cổ phần Đầu tư Kỹ thuật số Việt (VDI) là công ty chuyên hoạt động kinh doanh trong lĩnh vực giải pháp tích hợp hệ thống, nghiên cứu và phát triển, an ninh an toàn thông tin, dịch vụ số. Là công ty đầu tiên và duy nhất tại Việt Nam kết hợp thế mạnh giải pháp tích hợp hệ thống và dịch vụ số.
Trong hơn 11 năm hoạt động, với 50 năm kinh nghiệm được kế thừa từ các thế hệ trước, VDI trở thành công ty Top đầu về giải pháp tích hợp hệ thống; là khách hàng thân thiết của VNPT, Viettel, MobiFone; là đối tác hàng đầu của các hãng cung cấp toàn cầu. Không ngừng chuyển đổi để đón đầu xu hướng phát triển, chúng tôi đang không ngừng nỗ lực mỗi ngày để mang lại giá trị hữu ích thực tế cho cho khối Chính phủ, Doanh nghiệp và cộng đồng.
Với tỉ lệ tăng trưởng hằng năm trên 35%, đội ngũ nhân sự trên 150 người. VDI tự hào với đội ngũ nhân sự tinh nhuệ, và là công ty công nghệ có hiệu quả sử dụng lao động hàng đầu tại Việt Nam.
1. Project Risk Management (25 Points)You have been tasked to.docxdorishigh
1. Project Risk Management (25 Points)
You have been tasked to manage a facilities construction project for a non-profit organization. Specifically, the organization is undertaking a large project to build a 6000 square foot office and an attached building with 20 hotel style rooms for its beneficiaries (building a shelter). The budget is tight and the organization needs to have these facilities as soon as possible. The project is in the planning stage and you have some requirements documents and funding available. How would you use risk management on this project? Why would you use risk management? What are your most important considerations? What are the steps of your risk management process (use any model you like ie PMP, textbook, DoD etc)? Provide a Risk Breakdown Structure for the project. What risk identification tools would you use on the project? Why?
Assume you are talking to a key stakeholder (donor) about your plan.
1. PROJECT RISK MANAGEENT (40 Points)
Meaning of Risk Management
Risk management is very important part of planning for project, the process of risk management is developed to reduce the risk of certain events happening which are having negative impact on overall project. Risk management is the identification, assessment and prioritization of risk followed by coordinated and economical application of resources to monitor, minimize, and control the probability and impact of negative outcomes.
0. How would you use risk management on this project?
Our proposed project of constructing 6000 square foot office and twenty hotel style rooms is in planning stage; this is a plus point for the management as they can develop detailed risk management activities.
Risk management depends on the understanding of the overall project in other words in order to develop detailed risk management activities the understanding of the project is very important. To use risk management for the project, we will create a detailed risk management plan which is also used to understand the whole project. The contents of risk management plan are as follows:
1. Project Description
· Project objective: to construct 6000 square yard office and 20 rooms building.
· External Dependencies: acquiring construction material, services of architects etc.
· Stakeholder analysis: reaction of local residents, local government regulations, negotiation with donors, requirement of client etc.
1. Risk Management scope and objectives
· Variance threshold: two main constraints in this project is time and funds. Calculated variance should be calculated for these two variables that is how long each activity could be stretched while keeping project feasible. By doing this we can identify the threshold of timing and budget after which project become in viable.
· Prioritization of project objectives: in order to complete the project in time, a schedule of activities required showing activities of project needs priority and others which could be delayed.
1. ...
The document discusses project phases and management. It describes the typical 5 phases of a project - initiation, planning, execution, monitoring and control, and closure. It provides details on each phase, including developing a project charter and business case in initiation, creating a project plan and defining roles in planning, executing the project in the execution phase, monitoring and controlling the project, and closing the project. It also discusses the importance of project feasibility studies and setting goals using SMART and CLEAR frameworks to help define goals that cater to dynamic project environments.
PROJECT MANAGEMENT - ASSIGNMENT ON BRIDGE CONSTRUCTION PLAYS A ROLE OF PROJEC...Yamini Kahaliya
This Assignment is on role of project manager in the bridge construction.
the subject is project management
this is beneficial for bba/mba students
covers the following topics -
Meaning of Project Management
Meaning & role of Project Manager
Project Life Cycle
Introduction
First step
Second step
Third step
Fourth step
Fifth step
Conclusion
Bibliography
This document compares projects, programs, and portfolios. It outlines that projects have a reduced and specific scope, while programs have a broader scope and may experience more changes. Portfolios follow a corporation's strategy. Project managers focus on time, scope and cost, while program managers measure success through ROI, new functionalities and benefit realization. Portfolio managers measure aggregate performance. Leadership styles also differ, with project managers focusing on execution, program managers on relationships, and portfolio managers on adding value.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Inse 62301 Project Management Development Plan Presentation Group#20Sherif Hafez
This document provides a project management plan for the construction of a condominium building project in Montreal. The plan outlines the initiation, planning, execution, monitoring and control, and closing phases of the project. Key elements of the plan include defining the project requirements and scope, developing a schedule and budget, establishing quality and communication plans, and identifying and mitigating risks. Regular progress reporting and oversight of costs, schedule, risks and procurements will help ensure the project is delivered as planned over its scheduled 18 month timeframe.
The document discusses the process of developing a work breakdown structure (WBS) for a housing construction project. It begins by establishing the levels of the WBS from Level 1 (the overall project) down to Level 4 (individual tasks). It then shows how the WBS is used to create an organizational breakdown structure (OBS) and responsibility assignment matrix (RAM) to assign responsibilities and resources to complete the tasks.
The Project Management Process - Week 1Craig Brown
This document provides an overview of project management concepts. It discusses that projects have a definite beginning and end, and defines a project. It also outlines the five process groups that projects typically go through. Additionally, it explains the triple constraint of time, cost and scope that projects aim to balance, and introduces the nine knowledge areas of the project management framework. Finally, it emphasizes the importance of an integrated approach to managing all aspects of a project.
This document provides an overview of project planning, including definitions of key terms like project plan, work breakdown structure, scheduling, and monitoring. It discusses the need for and benefits of project planning. The main components of a project plan are defined as scope, schedule, and cost. Various project planning tools are introduced, including Gantt charts, network diagrams, critical path method, and program evaluation and review technique. The document also covers project objectives, policies, and scheduling considerations like manpower availability and fund releases.
This document provides a proposal for the Clayton House addition project. It includes an introduction of the construction company Arizona General Contracting & Design Services LLC. It outlines the project charter, scope, milestones, and authorization. It also includes an analysis of the site including maps, pricing data, and plans for grading, drainage, waste, water, solar, safety, weather, traffic, parking and staging. The preliminary budget for the project is estimated to be no more than $250,000 which the sponsor will pay for all costs associated with planning and development.
The document discusses the work breakdown structure (WBS) which is a hierarchical decomposition of the total scope of work to be carried out by a project team to accomplish project objectives. It defines the WBS and provides examples. Key points covered include that the WBS defines 100% of the work, follows quality principles like being deliverable-oriented, and provides important benefits such as facilitating communication and defining the project scope.
The Term paper based on primary and secondary basis so do not copy it . Do study and taken help from this term paper. It is a well structure term paper. Yes all works have mistakes if here found some mistakes so forgive me.
The document discusses portfolio management, program management, and project management. It defines each term and explains how a Program, Portfolio, and Organizational Office (P3O) can facilitate successful portfolio, program, and project management (P3M). A P3O provides decision support, standards, oversight, and assurance to deliver the right programs and projects, ensure consistency, and build a competent workforce to effectively execute organizational change. Establishing a P3O with a portfolio office, center of excellence, and temporary program and project offices can increase the chances of successfully delivering strategy and projects on time and on budget.
Practical Project Cost Control for Large Complex ProjectsJeremie Averous
In this talk given at the Singapore Project Management Institute in December 2014, Jeremie Averous details key success factors for cost control in large, complex projects:
- how and why Project Cost Control is different from Accounting or manufacturing Cost Control,
- Project Value Delivery's 14 Golden Rules or Project Cost Control,
- the Profile and training of project cost controllers,
- the different cost forecasting methods,
- Project performance financial accounting using Percentage of Completion accounting,
- Basic Project Cost Control Forensics methods
The document discusses project cost management. It provides details on planning cost management, estimating costs, and determining the project budget. Key points include:
1) Planning cost management establishes policies and procedures for managing project costs and results in a cost management plan.
2) Estimating costs develops approximations of resource needs and uses techniques like expert judgment, analogous and parametric estimating.
3) Determining the budget aggregates activity cost estimates to establish a cost baseline.
PRINCE2 Agile - Which is the difference between PRINCE2 and other Agile Frame...Branislav Gablas PMP (5k)
How PRINCE2 can be blended with Agile principle, which is the core of PRINCE2 Agile, How Scrum, Kanban, Agilometer, Cynevin, Behaviours and targers are used in PRINCE2 Agile?
This document provides 200 sample questions for the Project Management Professional (PMP) certification exam based on the 5th edition of the PMBOK Guide. The questions cover topics like project constraints, risk management, quality management, procurement, and the five process groups. Each question includes an answer and a brief hint explaining the rationale. The questions are designed to help PMP exam candidates understand the type of questions that may be asked and prepare for the multiple choice format of the real exam.
Conveyor Belt Project Report using MS PROJECT by creating work package,deliverable, sub-deliverables and allocating resources to them. Analysis was done and suggestion was made for the overall imporvement
Công ty cổ phần Đầu tư Kỹ thuật số Việt (VDI) là công ty chuyên hoạt động kinh doanh trong lĩnh vực giải pháp tích hợp hệ thống, nghiên cứu và phát triển, an ninh an toàn thông tin, dịch vụ số. Là công ty đầu tiên và duy nhất tại Việt Nam kết hợp thế mạnh giải pháp tích hợp hệ thống và dịch vụ số.
Trong hơn 11 năm hoạt động, với 50 năm kinh nghiệm được kế thừa từ các thế hệ trước, VDI trở thành công ty Top đầu về giải pháp tích hợp hệ thống; là khách hàng thân thiết của VNPT, Viettel, MobiFone; là đối tác hàng đầu của các hãng cung cấp toàn cầu. Không ngừng chuyển đổi để đón đầu xu hướng phát triển, chúng tôi đang không ngừng nỗ lực mỗi ngày để mang lại giá trị hữu ích thực tế cho cho khối Chính phủ, Doanh nghiệp và cộng đồng.
Với tỉ lệ tăng trưởng hằng năm trên 35%, đội ngũ nhân sự trên 150 người. VDI tự hào với đội ngũ nhân sự tinh nhuệ, và là công ty công nghệ có hiệu quả sử dụng lao động hàng đầu tại Việt Nam.
1. Project Risk Management (25 Points)You have been tasked to.docxdorishigh
1. Project Risk Management (25 Points)
You have been tasked to manage a facilities construction project for a non-profit organization. Specifically, the organization is undertaking a large project to build a 6000 square foot office and an attached building with 20 hotel style rooms for its beneficiaries (building a shelter). The budget is tight and the organization needs to have these facilities as soon as possible. The project is in the planning stage and you have some requirements documents and funding available. How would you use risk management on this project? Why would you use risk management? What are your most important considerations? What are the steps of your risk management process (use any model you like ie PMP, textbook, DoD etc)? Provide a Risk Breakdown Structure for the project. What risk identification tools would you use on the project? Why?
Assume you are talking to a key stakeholder (donor) about your plan.
1. PROJECT RISK MANAGEENT (40 Points)
Meaning of Risk Management
Risk management is very important part of planning for project, the process of risk management is developed to reduce the risk of certain events happening which are having negative impact on overall project. Risk management is the identification, assessment and prioritization of risk followed by coordinated and economical application of resources to monitor, minimize, and control the probability and impact of negative outcomes.
0. How would you use risk management on this project?
Our proposed project of constructing 6000 square foot office and twenty hotel style rooms is in planning stage; this is a plus point for the management as they can develop detailed risk management activities.
Risk management depends on the understanding of the overall project in other words in order to develop detailed risk management activities the understanding of the project is very important. To use risk management for the project, we will create a detailed risk management plan which is also used to understand the whole project. The contents of risk management plan are as follows:
1. Project Description
· Project objective: to construct 6000 square yard office and 20 rooms building.
· External Dependencies: acquiring construction material, services of architects etc.
· Stakeholder analysis: reaction of local residents, local government regulations, negotiation with donors, requirement of client etc.
1. Risk Management scope and objectives
· Variance threshold: two main constraints in this project is time and funds. Calculated variance should be calculated for these two variables that is how long each activity could be stretched while keeping project feasible. By doing this we can identify the threshold of timing and budget after which project become in viable.
· Prioritization of project objectives: in order to complete the project in time, a schedule of activities required showing activities of project needs priority and others which could be delayed.
1. ...
The document discusses project phases and management. It describes the typical 5 phases of a project - initiation, planning, execution, monitoring and control, and closure. It provides details on each phase, including developing a project charter and business case in initiation, creating a project plan and defining roles in planning, executing the project in the execution phase, monitoring and controlling the project, and closing the project. It also discusses the importance of project feasibility studies and setting goals using SMART and CLEAR frameworks to help define goals that cater to dynamic project environments.
Project Management Methodology & Step-by-Step Guide to Managing Successful Projects.
This manual was developed to guide project managers through corporate project management methodology. The project life cycle consists of four major phases: Initiation, Project Planning, Project Execution & Control, and Project Closeout. Documents and Templates supporting the project management process have been tailored to meet the need of having a “Basic Toolkit” of pre-designed forms. Forms and sample reports are included in Appendix B and referenced throughout this manual. Hyperlinks are provided to take you directly to the tools if you are using an electronic copy of this manual.
The document provides an overview of project management methodology and guidelines. It discusses the project management life cycle, which consists of initiation, planning, execution and control, and closeout phases. It also outlines the nine knowledge areas of project management according to PMBOK: integration management, scope management, time management, cost management, quality management, procurement management, communications management, risk management, and human resource management. The document serves as a guide for project managers to follow a standardized methodology for managing projects successfully.
The document discusses project management and provides information on key concepts. It begins by defining a project and the goals of project management. It then covers the project life cycle, knowledge areas, and reasons for project failure. The document emphasizes that project management ensures projects are delivered on time, within budget, and meet requirements to provide value. It summarizes several approaches, methodologies, and principles for effective project management.
This is a small effort to simplify project/ business life cycle, steps and methodology.
It starts with the 'WILL' to do something, Ambition to start a new business or project or effort to enhance existing one. It explains the importance of market research, the outcomes, importance of business plans the execution strategy and what shall be done once the execution is completed.
It might not be the master piece representing the title yet it can be very helpful for the people who are willing and ready to take a challenge.
Without criticism, perfection is impossible. I request the critics to help me to bring betterment in next topics.
I shall be glad if I can be of further help in regards to the current topic in particular and related to business in general.
This is my small effort and contribution to make the world a better place by aligning & spreading the knowledge.
Looking forward to your feedback.
Asif Chaudhry
asifpannu@yahoo.com
This Presentation create a basic information and Idea about the Project Management Practices. The data was compiled from the reputed sources for better understanding.
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
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.
HD version: http://1drv.ms/1i8AvZc
This is my publication on the introduction to project management. In this publication I overview important project management terms, definitions, project life cycles, and key project management software and tools
Project management is one of the most popular tool in the companies in today´s competitive environment. There are many successful companies, in which the project management has the key position. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project management is accomplished with the processes such as initiating, planning, executing, controlling, and closing. The project team manages the work of the projects, and the work typically involves competing demands, stakeholders with differing needs and expectations and identified requirements. It is important to note that many of the processes within project management are iterative in nature. This is in part due to the existence of and the necessity for progressive elaboration in a project throughout the project life cycle.
The term ‘project management’ initiated its journey in the early 1950s. By definition, project management is the practice of planning and organizing an organization’s resources in order to move a specific task to completion. Before acquiring knowledge in project management, it is significant to know what a ‘project’ is. For this, you can avail our project management assignment help
A project is a unique venture with a well-defined beginning and end that consists of interrelated tasks performed within a set time period and budget to meet specific objectives. Project management involves planning, controlling, and completing the project activities to deliver the project outputs while meeting its constraints of time, budget, and technical performance. Key decisions in project management include selecting which projects to implement, choosing a project manager and team, planning and designing the project, and managing resources and progress. A project progresses through conceptualization, planning, implementation, and termination stages over its finite lifecycle.
This document provides an overview of project management. It defines what a project is, common project terms, and what project management entails. It describes the typical roles and responsibilities of a project manager. It then outlines the standard steps in project management, including initiation, planning, executing, monitoring and controlling, and closing. It discusses why projects fail and how to measure project success. Finally, it notes some common project constraints.
This document provides a summary of a project plan to build a pandemic center. It outlines the need for the center due to rising COVID-19 cases. The plan is to divide the work into three segments and follow an agile methodology. Key elements that are discussed at a high level include the project scope, a plan of action, descriptions of project planning and execution stages, and contingencies. The overall goal is to deliver the necessary IT infrastructure for the center on time and on budget to address the urgent health needs of the community.
Project management for technologies MGT410Saqib Imran
This document provides an overview of project management concepts and processes. It defines project management as applying knowledge, skills, and techniques to meet project requirements through five process groups: initiating, planning, executing, monitoring and controlling, and closing. The document then discusses the characteristics of projects, components of project management like business cases and cash flows, the project life cycle, and the role of the project manager in planning, controlling, and leading a project team.
The document provides an overview of the PRINCE2 project management methodology. It introduces the 7 PRINCE2 processes: starting up a project, directing a project, initiating a project, controlling a stage, managing product delivery, managing a stage boundary, and closing a project. For each process, it describes the purpose, objective, context, activities, and tailoring guidelines. It also discusses how to tailor the processes for different project situations like simple projects, agile projects, and supplier-led projects.
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.
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2. 2 ProjectManagementLeadershipandSkills:PlanningandControl
EXECUTIVE SUMMARY
This project includes the reasons and consequences of the closure of Yang Sing Hotel, one of
the best and most famous hotels in the region, which opened in the Manchester region at
considerable costs. Also, targets and project details will be transferred by analyzing the
problems of the company that buys the hotel and using project management techniques to
alleviate these problems.
This report focuses on costly errors in the project, details of systematic problems during the
installation phase, timing problems and improvement of the project, and possible risks and
analysis in case the facility reopens.
Besides, the business status of the hotel to be opened under the new name aims to determine
the location risks opportunities of the hotel, its competitors, and similar related situations.
Factors and problems causing the Yang sing project to be closed will be identified, and these
problems will be resolved with project management techniques.
According to the information obtained, it is possible for the yang sing hotel to open up, to
change management and recalculation of Cost and expense accounts with personnel
requirements and similar business cases.
This project, to adapt to the usual economic crisis, will propose goals and plans in line with
the name of being active again, by protecting and increasing its value and profit in the regions
where it operates.
According to the information obtained, it is possible with the management change, recalculation
of cost and expense accounts, meeting the personnel requirements, and similar business
situations for the reopening of the Yang Sing hotel.
3. 3 ProjectManagementLeadershipandSkills:PlanningandControl
CONTENTS
1 Title Page…………………………………………………………… …………………1
2 Executive Summary…………………………………………………..…………………2
3 Introduction……………………………………………………………………………...4
4 Project Objectives ………………………………………………………………………5
5 Performance Measurement – Management of Quality…………………………………5
6 Stakeholder analysis……………………………………………………………………6
7 Schedule Activities and Milestones……………………………………………………9
8 Project Milestone………………………………………………………………………10
9 Resources to be used, including Project budget…………………………………………10
9.1 Budget For The New Yang Sing Hotel Project ………… ……………………11
10 Constraints and Risk……………………………………………………………………12
11 Project Communication…………………………………………………………………14
12 SWOT Analysis…………………………………………………………………………15
13 Possible success…………………………………………………………………………16
14 Considerations Concerning Future Operations…………………………………………16
15 References…………………………………………………………………………...…17
4. 4 ProjectManagementLeadershipandSkills:PlanningandControl
3 Introduction
The 48-bedroom Yang Sing Oriental Hotel, which adjoined the eight floor Yang Sing
Cantonese restaurant in the city and opened just eight months ago, closed its doors on Monday,
March 2. Co-owner and restaurateur Gerry Yeung said his "dream had been shattered by the
closure." He added in a statement on the hotel's website: "We tried to create the best hotel in
Manchester and we really feel that we have succeeded. Everyone who stayed here loved
it."Unfortunately, our timing could not have been worse, opening only to suffer a global
banking crisis, credit crunch, and the worst recession since the 1930s."Funding for the hotel
was provided by the Yeung's, private investors, and Natwest Commercial Banking.
Helga Drummond 'the economist guide to a decision In the Making book, water mentioned the
words; (Drummond, H.2012)
There were a lot of risks that caused the Yang sing hotel project to fail. During the management
planning process, she could not find the risks in the project and prevent the hotel from going
bad. They could not increase the credit fund they used to establish a hotel because they could
not fulfill their business performance.
An investment company wants to make a significant investment and open up the yang sing
hotel, manchester luxury boutique hotel. Therefore, an appropriate business plan and project
plan are needed to restart the hotel under a new name. In this project I have presented, it includes
a specific project plan for the restart of the hotel. Stakeholder analysis required for the project
to be planned and finished is included in this report. Also, to achieve the success of the project,
project management techniques include communication methods to be carried out in resource
management risk management project completion.
5. 5 ProjectManagementLeadershipandSkills:PlanningandControl
4 Project Objectives
One of the main goals of the project is to re-activate the 'Yang Sing' hotel, which ended on
Monday, March 2, 2009, with its new name. Among other goals is to prepare a report on what
is right and what is wrong by developing a new project plan for yang sing hotel by identifying
the problems causing the Yang sing hotel to be closed. Also;
Eliminate the problems in the previous project using project management techniques
To perform the stakeholder analysis of the new project and complete the risk assessment
To develop the new project with the milestones of the project
Determining the communication plan to ensure the success of the project
Analyze the company's future operations
5 Performance Measurement – Management of Quality
Each project has a particular performance measurement at the end of the project. The types of
performance measurements created in project management are different. This measurement
involves the end of a job and how it reacts to changes that occur. This project has specific
performance measurements.
1. It is compared with the level of performance before the start of the project and the level
after the end of the project. This situation determines the performance measurement of
the project.
2. Performance measurement can also be measured at the project costs included in the
project. The Cost of the Project consists of financial measurement and the Cost of
revenue after the project has ended. The project cost also includes the investment
financial return of the project to measure the performance of the project.
3. Performance measurement of the project includes the completion of the project within
the schedule and budget. In this way, the project stages help complete the project
performance by including the impact of the project on the return on investment.
4. In this project, the performance of the project depends on the financial impact that the
business has on the investment return on the milestones completed in a timely manner
and related stakeholder participation.
6. 6 ProjectManagementLeadershipandSkills:PlanningandControl
The types of performance measurements created in project management are different.
The measurement of Project performance is quite different before people are more interested in
the impact the project has at a particular point in time, or over a defined timeframe (Noordzy,
and Whitfield, 2016, pp. 154-177)
6 Stakeholder analysis
Yang Sing Hotel is among the primary responsibilities of the project manager to manage the
needs and requirements of the project stakeholders. The newly opened hotel project has many
different organizations that can have a positive or negative impact and a business-related stake
or direct impact. These groups take an essential place if the project is successful or unsuccessful.
(Harrison, 2003, p. 139-152) In general, the new hotel project will include internal and external
stakeholders.
Stakeholders who should be in a standard hotel project can be classified as follows; Owners,
customers, expert groups, designers, project staff, government officials, various professional
organizations, community, politicians, media, and competitors. These stakeholders can
influence your project directly or indirectly. Unions and lobbies can support your project and
take part in the project. Suppliers, and if there is a negative situation in timing, it may delay
your project.
7. 7 ProjectManagementLeadershipandSkills:PlanningandControl
Stakeholdername Contact Person Power Interest Project Task
Project manager
Owner of the
hotel
High High
The main task of the project
manager is to complete and
follow up on time in accordance
with the planned plan for the
project.
Financial
manager
Project manager Medium Medium
The finance manager deals with
the costs of the project. It also
controls the planned costs of the
project and tracks the planned
costs.
Quality analyst
Project team
leader
Medium High The quality analyst checks the
work in the project and analyzes
the quality of the project
Risk analyst
Project team
leader
Medium High
The risk analyst identifies all risks
within the project and deals with
the solutions of these risks and
also prepare risk assessments for
the project.
Suppliers
Construction
contractor
Low High
There are suppliers on each
subject within the project. These
suppliers provide the necessary
tools and raw materials for the
end of the project.
Network
Specialists
Quality analyst Low Low
Network Specialists install the
hotel's server and network system.
It is also responsible for
systematically establishing online
8. 8 ProjectManagementLeadershipandSkills:PlanningandControl
reservation processes and other
necessary technological systems.
Electricity
Contractor
Project team
leader
Low Low
The electrical contractor is in
charge of repairing and replacing
the electrical parts of the hotel.
Plumbing
Engineer
Project team
leader
Low Medium
Plumbing engineer is in charge of
repair and maintenance of all
plumbing jobs in the hotel.
Subject Matter
Expert
Project manager
and financial
manager
High High
The subject matter expert of the
project is responsible for
documenting the ongoing project.
Project Team
leader
Project manager High High
The project leader manages the
entire team and monitors whether
the employees are working
systematically. He is responsible
for the success of the team.
System Analyst
Project team
leader
Low Medium
The project system analyst checks
the work and monitors the system.
He is also responsible for
analyzing the project.
10. 10 ProjectManagementLeadershipandSkills:PlanningandControl
Stakeholder analysis is an organizational system that explains the level of interest, the results
of the power stakeholder map, and how they are managed. These analyzes, which consist of 4
layers, include those with lower power in Layer 1 but have high competence. 2. Stakeholders
in Tier 2 have low power but have a major impact on the project. Stakeholders in level 3 have
high power. Since the stakeholders in the 1st level have a high level of competence, it is
imperative to cooperate and become partners for the project. (Preble, 2005, p. 407-431)
8 Project Milestone
Task name Duration Start Finish
Documenting and create the Project 5 Days 31.07.2020 06.08.2020
Determining of risk and strategy 4 Days 19.08.2020 24.ß8.2020
Plan pricing and other services 6 Days 23.09.2020 30.09.2020
Project closing 0 Days 30.09.2020 30.09.2020
9 Resources to be used including Project budget
Resource management includes everything around the people involved in the project, recruiting
people for Yan Sing hotel will be important for this project due to short-term contracts for many
roles and developing and rewarding them. (Johnson vd., 2008)
11. 11 ProjectManagementLeadershipandSkills:PlanningandControl
9.1 Budget For The New Yang Sing Hotel Project
Total
Reopening the Yang Sing Hotel $312,489.00
Project Planning $84,430.00
Prepare a building repair report $30,100.00
Create the working system $15,080.00
Plan the duration of the project $22,250.00
Document the Project $17,0000.00
Project Development $83,330.00
Assign the resources $17,200.00
Create financial resources $30,450.00
Determining the risk and strategy $25,680.00
Update the Project duration $10,000.00
Project implementation $90,959.00
Water electrical system construction $40,329.00
Roof, Wall and wooden beam repair $30,330.00
Removal of dry and wet rot $20,300.00
Project execution $53,770.00
12. 12 ProjectManagementLeadershipandSkills:PlanningandControl
Update activities $15,900.00
Plan pricing and other services $10,370.00
Advertising media promotion $27,500.00
10 Constraints and Risk
There is an unexpected potential constraint and risk other than time, scope, costs, and traditional
project constraints. (Van Wnygaard, 2011, p.3-7) Resources significantly affect the costs of the
project. Excess capital does not mean that the project will be successful. Even if there is enough
capital, other factors may cause your project to fail. It is necessary to use the right software to
optimize resources. This software will contribute to the correct control and management of
resources. Quality constraints help to compare expectations and how close the results are.
Performance Risk;
The team in the project should work systematically.
The project should always be kept under control.
A goal must be specified to the members.
Motivating work should be done to the project team.
Environmental Risk
In order to reduce environmental risk, the project manager should always be able to
answer questions.
Insurance measures should be taken for possible negative situations. The government
must be informed
Human Resource Risk
The hiring process should be appropriate to the project
Employees must be provided with opportunities to improve themselves.
Motivating efforts should be made for the employees to achieve efficient results in the
project.
13. 13 ProjectManagementLeadershipandSkills:PlanningandControl
In order for the employees to be successful in the project, a reward system should be
applied.
Departments should be separated according to the project.
Technical Risk
• Hardware, software, and other technical supports should be provided in accordance with
the project.
• The system required for security measures should be installed in advance.
• Technical risks should be identified before the project begins.
• The measurement effect of all risks associated with technical risks should be included
in the system.
Cost and scheduling risks
• Costs should be kept under control during the project process, and project costs should
not be exceeded.
• Loan funds should be planned for future cost issues.
• A B-plan related to costs should be added to the project.
Risks and solutions for the Yang Sing Hotel project:
Money overrun = Cost and financial plan
Market prices = Market research and analysis
Time constraint = Agile Project management approach
Architectural issues = Proper design and approval
Material inflow for transformation and construction = budget within limit
Stakeholder conflict over proposed change = Stakeholder analysis and rules
Stakeholder turnover = Stakeholder analysis
Government Policy = Compliance with the laws of the state
14. 14 ProjectManagementLeadershipandSkills:PlanningandControl
11 Project Communication
Communication is one of the essential factors to be able to see the hotel's opening and attract
customers to the hotel. The best way to communicate is to reach potential customers and use
integrated message channels wherever they are available to the existing customer. Universal
marketing requires that the advertising brand and sales message be distributed through various
distribution channels. (Ramsing, 2009, p.345-349) The communication plan does not only
involve the transmission of messages or just asking questions (Todorovic et al. 2015.)
Communication management plan maylor (2010). It consists of communication planning
defined by information distribution performance reporting and stakeholder management.
Communication planning of the stakeholders in the project;
• Project manager = Telephonic communication, meeting
Risk analyst =Meeting, Email communication
Financial manager = Meeting, Email communication
Quality analyst = Telephonic communication, Email
Suppliers = Telephonic communication, Email
IT Specialists = Telephonic and face to face meeting
Project team Leader = Telephonic and face to face meeting, Email
Engineers = Telephonic and face to face meeting
Workpeople = Telephonic and face to face meeting, Email
15. 15 ProjectManagementLeadershipandSkills:PlanningandControl
12 SWOT Analysis
Strengths
• The perfect location of the hotel
(Manchester)
• Private accommodation by a person
• Five-star luxury rooms
• Five-star guest services
• Personalized packages and
accommodation
• Competitive prices
• Positive feedback from the previous
project
Weaknesses
• Continuously increasing competition in the
market
• High costs spent to bring the project to the
desired level
• Concerns after the hotel close in the past
• The new architecture is far from the
traditional structure
Opportunities
• Work to attract high-quality
customers
• Local and international partnerships
• Online connections by making
technological investments
• Trained specialist staff
• Partnerships with five-star quality
local food and beverage producers
Threats
• Low prices of other competitive hotels
• Future rival developments
16. 16 ProjectManagementLeadershipandSkills:PlanningandControl
13 Possible Success
Success factors must be analyzed and applied in order to complete the project successfully. The
most critical success factor of the Yang Sing Hotel project is to benefit from the previous failure.
Successful and unsuccessful situations in the past should be separated according to various
factors. Success factors can be grouped under four different titles. These are financing, Budget,
location of the hotel, and strategic factors. In addition, staff, marketing financial position,
location are among the success factors. There must be a clear mission and goal to complete the
project. The critical stakeholder of the project must be defined in the project. (Heldman 2018)
The project must be completed according to the scheduled time. Project staff must be trained
according to the risk and other issues in the project. Within the project, If there is a negative
situation in the strategies, a b-plan should be included in the project beforehand.
14 Considerations Concerning Future Operations
The future operations after the launch of the hotel should focus on higher customer satisfaction,
the sustainability of quality, and continuous growth in order to exceed the expectations of
stakeholders. Since the economic collapse in the past is over, the location and concept of the
hotel should continue in the heart in the manchester without changing too many Risks in the
project should be identified, and worst-case scenarios should be added, and the action should
be taken accordingly. Employees and customer feedback should be taken into consideration,
and solution-oriented action should be taken. The communication within the project should be
maximized and applied in the best way. Time and cost ratio should be reviewed periodically,
and the necessary plans should be made.
17. 17 ProjectManagementLeadershipandSkills:PlanningandControl
15 References
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