...PROJECT MANAGEMENT WHAT IS PROJECT MANAGEMENT? : The word project comes from the Latin word projectum from the Latin verb proicere, "to throw something forwards" which in turn comes from pro-, which denotes something that precedes the action of the next part of the word in time (paralleling the Greek πρό) and iacere, "to throw". The word "project" thus actually originally meant "something that comes before anything else happens". When the English language initially adopted the word, it referred to a plan of something, not to the act of actually carrying this plan out. Something performed in accordance with a project became known as an "object". Project management is the discipline of planning, organizing and managing resources to bring about the successful completion of specific project goals and objectives. A project is a finite endeavor (having specific start and completion dates) undertaken to create a unique product or service which brings about beneficial change or added value. This finite characteristic of projects stands in sharp contrast to processes, or operations, which are permanent or semi-permanent functional work to repetitively produce the same product or service. In practice, the management of these two systems is often found to be quite different, and as such requires the development of distinct technical skills and the adoption of separate management philosophy. The primary challenge of project management is to achieve all of the project goals...
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...Little booklet of Risk Management Terminologies Babou Srinivasan, PMP Little booklet of Risk Management Terminologies I dedicate this booklet to all Risk Management Gurus & Project Managers who takes risk management a serious stream in managing their projects 2 Little booklet of Risk Management Terminologies Contents Project Risk.................................................................................................................................................... 5 Risk Management Processes......................................................................................................................... 6 Known Risks - Unknown Risks ....................................................................................................................... 8 Risk Category............................................................................................................................................... 10 SWOT Analysis............................................................................................................................................. 12 Risk Response Planning Strategies.............................................................................................................. 14 Contingency Plan & Fallback Plan ............................................................................................................... 16 Residual Risk ..........................................................................
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...Final Project: System Upgrade Scenario Smith Systems Consulting has been providing Web and Business Application services since 1994. During nearly 20 years of business, Smith Systems Consulting’s systems have required several upgrades. This scenario is meant to detail their most recent upgrade and will assume that much of the infrastructure is in place (i.e. networking cable is either Cat5e or Cat6, networking devices such as hubs, switches, routers, and wireless access points are in place and firmware is current, hardware such as printers and scanners are capable of supporting current and future needs; monitors, input devices, and workstation PC’s are capable of supporting current software requirements) and will focus on new hardware such as servers as well as new or updated software. The desired result of this project is to maintain both client and internal data security and integrity and ensure there is as little interruption to Smith Systems Consulting and their clients’ workflow as possible. A project team has been selected from within and has been tasked with planning and implementing this project. Before the project can begin, time must be spent in the planning phase. By not planning how the project will advance, resources such as time, money, and man-hours will be wasted. The members of the team must research the business implications, perform a SWOT analysis, identify the stakeholders, prepare a scope statement and SOW, and provide specific details of what the...
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...Team Video Analysis Report Strategic Management Consultants, Inc. Team A Camesha Hunt Alex Landos Derrence Kun Liang Lim Rodney Scott Miguel Soto BUSN 460 Senior Project DeVry University Professor Milford Abstract Team A has been instructed to list 6 issues facing CanGo that Team A assembled from the week 1 and 2 videos. They should be prioritized in order of importance. They should be numbered. The team must then come up with an actionable recommendation for each of the issues found. These should also be numbered and the recommendations must be actionable (DeVry Week 2 Assignments). The following body of text will outline and explain the questions to the fullest extent possible while citing the appropriate sources in APA (6th ed.) format on the references page at the end of this document. Strategic Management Consultants, Inc. Team Video Analysis Report Introduction Strategic Management Consultants, Inc. will address six issues facing CanGo that Team A collected from the week one and two videos. Strategic Management Consultants, Inc. will come up with actionable recommendations, number, and prioritize the solutions for each of the issues found (DeVry Week 2 Assignments). Methods The research for this assignment was collected through DeVry’s E-platform portal from our course e-shell in week one and week two video episodes. 6 Issues After reviewing the video episodes in week one and two Strategic Management Consultants, Inc. believes that the six issues facing...
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...CRANEFIELD COLLEGE OF PROJECT AND PROGRAMME MANAGEMENT module M2PROJECT MANAGEMENT: PROGRAMME MANAGING ORGANISATIONAL PERFORMANCE AND INNOVATIVE IMPROVEMENT | Project Name – Acorn Industries | | Compiled by | Submission Date – 17 January 2013 | Declaration of interestI hereby declare that this assignment is entirely my work, and that it has not previously been submitted to any other Higher Education Institution. I also declare that all published and unpublished sources have been fully acknowledged and properly referenced. This includes figures, tables and exhibits. Where modified by me, this has also been indicated.Signed __________________________Name and Surname : Date: 17 January 2013 | TABLE OF CONTENTS 1. EXECUTIVE SUMMARY 3 2. IDENTIFIED PROBLEMS 2.1 Identify the Organisation’s Strength and Weaknesses 4 2.2 Never fully adopted, nor implemented any form of Project Management 5 2.3 Performance Management (KMIP) 5 2.4 Evolved Company Structure - Organisational change 5 2.5 Lack of Project Integration and Communication in organisation 6 2.6 Talent Management 6 2.7 Prioritisation and selection of projects and project teams 6 2.8 Outsourcing of non-core functions 6 3. CONCLUSIONS AND RECOMMENDATIONS 3.1 Identify the Organisation’s Strength and Weaknesses SWOT ANALYSIS 7 3.2 Implementation of Programme and Project Management into the Organisation 7 3.3 Key Performance...
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...A SWOT analysis of the Bangladesh economy [pic][pic] Mustafa K. Mujeri OVER the last few decades, Bangladesh has been following a development path that was blazed by the fast growing Asian economies with export led growth fuelling higher living standards and falling poverty. Despite this, it is not too difficult to posit that Bangladesh today has more in common with the laggards in Asia. Slow growth, rising inequality, and a deprived countryside deny the vast majority of the Bangladeshi people the opportunity to enjoy happier, healthier, and more prosperous lives. For moving forward, Bangladesh needs to identify the opportunities and the key weaknesses that the country faces and adopt appropriate measures. There are many ways of doing this analysis. One popular method is to list the Strengths, Weaknesses, Opportunities, and Threats (SWOT) facing the economy and society at large. Although the SWOT analysis is more often applied to evaluate the competitive position of a company this can also be applied to a country. In particular, SWOT analysis is forward looking; it is less for the past than for the future. The exercise identifies areas that need attention or might emerge as problem areas in future. There may be success in some areas. But does that mean we should continue to do the same or shift gears and put more emphasis on other issues? The main purpose of conducting a SWOT is to get a sense of the relevant issues of taking strategic decisions-- of priorities, of...
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...the whole profit amount * Production department needs to be restructured by using employee teams. This could be a good idea, the reasons are as follows: * Suggestions made by employees could be implemented * Cost not too much if work spread over a period of time The only problem we foresee is that Tyler should convinced Jennifer as the things that her father built, weigh up very high for her. * Operational department needs upgrading. Computer equipment can`t handle the volume of transactions – this would require buying new software but this could led to a loss of disruption to the legacy system. It would be suggested that this project being breakdown into phases. * A proposal was made by the Marketing manager to increase his budget to employ more sales representatives, rather than allocating funds to projects as he believe that this will increase sales. What needs to be taken into consideration is that if you don’t look at the other departments to be upgraded, it could result that the factory doesn’t produce and meet their sales targets. * In order to achieve all or most of the benefits of having all the affected departments gaining most of the benefit of the allocated funds it is crucial that the money is allocated where it will be most beneficial in the...
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...Problem Statement The Foundation Schools will keep the costs down with the school by collaborating with the community that has played a key factor by keeping the school successful. AT&T’s individual and corporate strategy as well as identify education and training needs to meet career goals of the associates and the needs of the business. AT&T uses the following methods to determine the education and training needs relative to their growth and the company to include customer feedback, observation of behaviors, professional goals, strategic direction, and competitive analysis (Best Practices, 1999, p. 29). AT&T CCS has integrated employee development and career planning into its human resource strategy. By making employee development a cornerstone of its human performance system model, AT&T CCS signals its importance to managers and employee alike (Best Practices, 1999, p. 29). It is similar to Foundation Schools, Nancy’s leadership has been a key reason the school has achieved its current reputation. She focuses her time on developing her staff, investigation and implementing new approaches to learning, and ensuring the school maintains its position as a leader in special education (UOP, 2011,p.2) To foster commitment, involvement and innovation, AT&T CCS employs a variety of team and individual involvement approaches. To measure and manage performance, AT&T uses three key measures to determine performance to include (1) people value added (PVA)...
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...Course project 1 contains my responses to the nine questions related to the Oresund Bridge project. I have answered them to the best of my ability. 1. What process would you use for identifying project risks for a second Oresund Bridge project? What risks would you raise for each alternative? For such an extremely large project like this to identify project risks, I would start with the basic premise of a conducting a SWOT analysis which allows for identifying Strengths, Weaknesses, Opportunities, and Threats. Once SWOT analysis is completed, I would move forward to defining control of the project to indicate the following variances such as cost, schedule, scope and quality. Furthermore, bring in Subject Matter Experts (SME) to provide their input for mitigation strategy. Lastly, other risks to be raised for each alternative is to develop a risk management plan, project planning outputs, risk categories, historical information. By using these deliverables under the PMBOK risk processes called Risk identification. 2. What process would you use for categorizing project risks for a second Oresund Bridge project? How would you actually categorize them? I would use the qualitative risk analysis process for categorizing project risks because from a high level standpoint it allows me to evaluate each risk and designate the severity of the impact of the project and estimate the probability of the risk occurring in terms of high, medium and low. For categorizing project risks,...
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...is implemented through projects | C. | Only top management must understand strategy | D. | Project selection should be clearly aligned with strategy | E. | Project management plays a key role in supporting strategy | | 2. | A project selection process that is strongly linked to strategy results in A. | The most profit. | B. | Better utilization of the organization's resources. | C. | More projects. | D. | A larger and more diverse organization. | E. | Stronger core competencies. | | 3. | Which of the following is NOT true about organizational politics? A. | Project managers should not engage in organizational politics | B. | Politics can have a significant influence on which projects receive funding | C. | Politics exist in every organization | D. | Politics can influence project selection | E. | Politics can play a role in the aspirations behind projects | . | 4. | Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating? A. | Sacred cow | B. | Pet project | C. | Political necessity | D. | Special undertaking | E. | Strategic ploy | | 5. | Why do project managers need to understand their organization's mission and strategy? A. | To reduce project duration and increase the number of projects implemented | B. | So they can make appropriate decisions and adjustments and be effective project advocates | C. | It...
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...Intent of Report: This report is intended to provide CanGo management an understanding of the challenges that they face and a recommended plan of action that will help CanGo overcome these challenges. This report covers the first and second week of videos provided for analysis. Findings: 1. CanGo is a company that is operating without a strong vision or mission statement along with a set of values that identifies their presence and purpose in the market of online gaming. CanGo also does not have a clear business strategy: without this it is very difficult for any of CanGo’s personnel to have any sense of business acumen. 2. During the management meetings it is evident that there is a strong need for some structure and proper utilization of the strategic management process. Everyone seems to be working on projects that are not their strong points, and clear deadlines and expected deliverables are not established. 3. Currently CanGo does not utilize proper planning. Management does not give subordinates appropriate guidance to establish timelines for project deliverables. It is also clear that Nick, the project manager was perhaps a poor choice by management due to his lack of organization, planning skills, and experience in project management and leadership. It does not help the situation that Nick was given very little direction from his superior, Warren. 4. CanGo dove into a new business venture without any financial or market analysis that will afford...
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...Silver Fiddle Construction Risk Management Plan Silver Fiddle Construction Grand Junction, Colorodo (770)468-7414 Sullivan8286@hotmail.com 2/6/2013 Joshua Sullivan Unit 6 Assignment 1 Risk Management Plan (Final Course Project) Assessing and Mitigating Risk Instructor: Denise Eggersman Version # | ImplementedBy | RevisionDate | ApprovedBy | ApprovalDate | Reason | 1.0 | Joshua Sullivan> | 02/03/2013 | <Bolo and Isabella Czopek> | <02/08/2013> | Initial Risk Management Plan draft | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TABLE OF CONTENTS 1 INTRODUCTION 1 1.1 Purpose Of The Risk Management Plan 1 2 risk management Procedure 1 2.1 Process 1 2.2 Risk Identification 1 2.3 Risk Analysis 1 2.3.1 Qualitative Risk Analysis 1 2.3.2 Quantitative Risk Analysis 2 2.4 Risk Response Planning 2 2.5 Risk Monitoring, Controlling, And Reporting 2 3 Risk Management Plan Approval 2 Conclusion 3 APPENDIX A: sWOT ANAYLSIS 4 APPENDIX B: RISK MATRIX …………………….............................................5 APPENDIX C REFERENCES……………………...............................................6 Introduction Purpose Of The Risk Management Plan * A risk is an event or condition that, if it occurs, could have a positive or negative effect on a project’s objectives. Risk Management is the process of identifying, assessing, responding to, monitoring, and reporting risks. This Risk Management Plan defines how risks associated with the Silver...
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...Identify Risk and Plan Risk Management MacVille Assessment 1 Submission details (Due: week 6) Candidate’s name | | Student ID | | Assessor’s name | Olga Borovkova | Email | | Assessment site | Cambridge International College | Assessment date/s | | Time/s | | Contents Risk Context 2 Have your read the assessment????? 2 Your role and task 3 Internal Risks Context 3 External Risks Context 4 Evaluation Criteria 4 MacVille Risk 4 SWOT 5 Check list 5 Stakeholders 5 Research 5 Risks 5 Risk Analysis 5 Risk likelihood table 5 Risk consequences table 6 Risk Matrix table 6 Level of risks for MacVille 6 Risk evaluation 6 Control Measures 7 Resources 7 Consultation 7 Appendices 7 Appendix 1: MacVille Risk Register 8 Appendix 2: MacVille Risk Treatment Action Plan 9 Risk Context See for some examples: https://sielearning.tafensw.edu.au/toolboxes/toolbox904/toolbox904/u2_cond_risk_ass/u210_estab_conte/u210_estab_conte.htm Have your read the assessment????? Please, do not just list what is in the template. You must discuss and explain why it is important to know or discuss, or understand? Your role and task You have recently been assigned to work in a project team charged with the implementation of the new business endeavour for MacVille. Your duties within the project team include: * risk identification * analysis * evaluation * implementing and monitoring risk treatment, particularly in own areas of...
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...Team B Video Analysis Report of CanGo Innovative Financial Management & Consulting Services BUSN 460 Based on the first two week of observation, Innovative Financial Management & Consulting Services (IFM) has noted the following issues and our recommendation for your review. ISSUE #1: No Mission Statement or Company Vision RECOMMENDATION: It is the recommendation of IFM that a formal mission statement and company vision be defined. A mission statement defines why the organization exists and what it does, and is also a way of ensuring that everyone in the organization is on the same page. A mission statement also serves as a base line for effective business planning. A vision statement focuses on the organization's future; it can also robustly communicate the company’s purposes and inspire your team or organization. IFM consultants will meet with the Board of Directors to help define the company’s mission statement and vision. ISSUE #2: No Strategic Plan RECOMMENDATION: Once the CanGo mission and vision have been finalized and approved by the board, IFM consultants will develop a strategic plan through the following process: • Conduct a SWOT analysis • Review SWOT analysis and outline CanGo’s strengths, weaknesses, opportunities and threats • Define objectives, key strategies and short and long term goals • Define operational plan Once the strategic plan has been fully developed and approved by the CanGo Board of Directors, IFM will...
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...ASSIGNMENT ON DEVELOPING STRATEGIC MANAGEMENT AND LEADERSHIP SKILLS COURSE CODE: GOTXH04/WFPA GROUP D SUBMITTED BY Group D – 3 (SAMSUNG) TO THE SCHOOL OF FINANCE AND PROFESSIONAL STUDIES IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF POST GRADUATE DIPLOMA IN MANAGEMENT STUDIES (PGDMS). COURSE LECTURERS DATE: 05/08/2011 1.Project Executive Summary The overall project is focusing on a plan to design and launch the next generation mobile handset –Samsung Solid Extreme which will be called V2 as per clients needs. This project plan has aim and objectives to be achieved within the agreed project scope. The deliverables of this plan contains network diagram and Gantt chart to measure the project performances and on-going approaches. Moreover, in order to indentify and handle the risk involved within the project, this project will use risk register. Key areas of this project approach will be the stages in PBS, WBS and CBS where it will function as a framework of this project and affect the final outcome of this whole project. The ideal outcome of this project will be a successful launch of a new V2 design within the time, budget and scope limit. 2. Project overview Using the Client briefing document, this section will describe: • Project background and context, • Main requirements of the Project. Project Planning Inc. has been invited by an SME electronics design company , to tender for the commission...
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