Premium Essay

Advanced Project Management

In: Business and Management

Submitted By ram2002
Words 491
Pages 2
Educational Institution has to undertake certain projects which will meet the need to achieve the objective of increasing the number of students in the next 3 years. The strategies should be aligned with the project objectives before making a decision on which projects should be selected

The selection process will begin with understanding the cost, strategies, objective, value & risks. In order to prioritize the project, we have to follow a structured process and consolidate a plan.

We need to look into the following before we start,

• Alignment with the strategic & practical plan of the educational Institute

• Balance between maintenance projects & Investment projects

• Allocation of R&D and right number of resources to complete the projects

• Allocation of marketing expenditure & resources

• Effective use of the resources in the best interest of the organizational goal

• Non-Financial benefits

One of the primary factors to consider on selecting the projects is the expected ROI on these projects. But the above needs to be considered too for prioritization.

PRIORITIZATION & SELECTION OF CANDIDATE PROJECTS

The Objective of the Educational Institution is to increase the number of students in the next three years using marketing & promotional strategies. The Projects are for the Business Development SBU which is focused on achieving the organization objectives by using appropriate strategies.

To evaluate candidate projects for the 3 year plan, you have to consider the value, benefit & risks that come along with each project. The selection criteria will depend on the following

• A ranking of values and benefits

• An estimate of total costs

• An appraisal of risks

• An inventory of resources available and allocating budget

• Size of the project pipeline

Following are the

Similar Documents

Premium Essay

Advanced Project Management

...Telestar International (Chapter 7 – Page 312) 1. Who do you believe is at fault in this situation? I believe that the Project Manager is at fault in this situation. The structures manager strongly advised the project manager not to stop the activities in this department before testing the plant’s high-pressure pneumatic and electrical systems. The structures manager warned the project manager and even mentioned that the test was scheduled for the next month. I think it would have been more important to consider this risk and prevent this from happening, alone from a safety perspective. The project manager also mentioned that his boss expects him to finish this project without a cost overrun. However, maybe it would have been of importance to run this particular issue by his boss in order to either increase the budget or adjust the scope in order to successfully and safely finish the project. 2. Should the structures manager have been dedicated enough to continue to work on his own? Why or Why not? This was running through my head for a little while after I read the text. It’s difficult to say. However, the structures manager did try to convince the project manager that it was a big risk to take and the project manager went ahead and took the risk. Even though the structures manager knew that this could potentially happen, the project manager did not listen to his advice. If he would have continued to work on his own, he would have disobeyed, he could have...

Words: 348 - Pages: 2

Free Essay

Advanced Project Management

...that the Project Manager is at fault in this situation. The structures manager strongly advised the project manager not to stop the activities in this department before testing the plant’s high-pressure pneumatic and electrical systems. The structures manager warned the project manager and even mentioned that the test was scheduled for the next month. I think it would have been more important to consider this risk and prevent this from happening, alone from a safety perspective. The project manager also mentioned that his boss expects him to finish this project without a cost overrun. However, maybe it would have been of importance to run this particular issue by his boss in order to either increase the budget or adjust the scope in order to successfully and safely finish the project. 2. Should the structures manager have been dedicated enough to continue to work on his own? Why or Why not? This was running through my head for a little while after I read the text. It’s difficult to say. However, the structures manager did try to convince the project manager that it was a big risk to take and the project manager went ahead and took the risk. Even though the structures manager knew that this could potentially happen, the project manager did not listen to his advice. If he would have continued to work on his own, he would have disobeyed, he could have prevented the plant from exploding, however, he is kind of bound and can’t do much more than informing the project manager...

Words: 1169 - Pages: 5

Premium Essay

Advanced Project Management Week 1 Checkpoint

...people, and was supporting multiple internal projects and also some external projects based on its capabilities and extra capacity. However there are multiple problems in the way the ISD was organized and operated that was leading to ineffectiveness, inefficiency, organizational conflicts and leading to not attainment of business goals and strategy. Some of the issues included not having a proper project management structure and dedicated personnel, personal power conflicts and non cooperation from operations managers, lack of clarity and direction for employees. The current ISD director is planned to be replaced by a new director who is expected to change the structure, processes and culture of the organization, while managing expectations and relationships to help ISD and the company achieve goals and strategic objectives. 2. Highlight three enterprise management causes/considerations and three project management causes/considerations for the situation. Include what seemed to be missing. Answer – Enterprise management causes and considerations include having an alignment between organizational and IT strategy, existing organizational structure that is not well defined and lack of skills and knowledge on how to effectively manage and run IT projects. Project management causes and considerations in this case include not having defined roles and responsibilities for people in projects, ad hoc manner of selecting and implementing projects, there not being systems and...

Words: 1309 - Pages: 6

Premium Essay

Table

...AFTERNOON SESSION14:00 – 17:00 | MONDAY22/06/2015 | * Higher Mathematics 1(Gym) * Business Law (RM 1) * Advanced Project Management(RM 2) * Financial reporting and control(RM 33) * Political Science/Philosophy(RM 36) * digital communications systems(RM 33) | * Electricity and Magnetism(RM 36 & 1) * Research Methodology(Gym) * Operations Management(RM 2) * Media and Communications Ethics(RM 2) * Mobile Communications(RM 2) * Social Work Legal and practice(RM 33) * Employee Engagement (RM 33) | TUESDAY23/06/2015 | * Management Information Systems1(Gym & RM 36) * Java Programming(RM 33) * Mathematics for economics (RM 1) * Software Economics(RM 1) * Media and Society (RM 1) * Marketing(RM 2) * Human Resource Development (RM 2) * Human Rights and Development (RM 2) | * Business Communication/Communication Skills(Gym, RMs 36, 33, 2) * Project Planning and Management Software(Project) * Public Finance(RM 1) * Intermediate macroeconomics 2(RM 1) * Project Appraisal(RM 1) * Wood based Materials &Processes I(RM 1) * Financial Management(RM 1) | WEDNESDAY24/06/2015 | * Media Law(RM 1) * Introduction to Business( Gym) * Introduction to Public Administration(RM 36) * Intermediate microeconomics 1(RM 1) * Cyber Law(Gym) * Food security in Developing Countries(RM 33) * Risk Management(RM 2) * Project Design 1(RM 2) | * Sociology of Education(Gym) * Managerial Accounting (Gym) * Geographical Information...

Words: 924 - Pages: 4

Premium Essay

Master of Business Adiministration

...C. Goal oriented Accomplishments Management of the branch by the delegation of obligations to employees, motivating employees, performance review and evaluation tasks. Attracting customers for investment projects, coordinate and managing clients and projects portfolio. Reporting of the branch`s activities. Management Creativity Leadership Future focused 07/2010 - 02/2013 Moldova Head of Branch Erste Group Bank AG Accomplishments Management of the branch by the delegation of obligations to employees, motivating employees, performance review and evaluation tasks. Attracting customers for investment projects, coordinate and managing clients and projects portfolio. Reporting of the branch`s activities. Critical thinking Verbal and written communication Time managemment New ideeas Planning and organisation 11/2009 - 07/2010 Moldova Corporate customer advisor (team - manager) Erste Group Bank AG Languages Accomplishments Attracting customers for investment projects coordinate, managing clients and projects portfolio. Management of the team by the delegation of obligations, motivating employees, performance review and evaluation tasks. Reporting on the team`s activities. 09/2008 - 11/2009 Moldova Corporate customer advisor Groupe Societe Generale Accomplishments Attracting customers for investment projects coordinate, managing clients and projects portfolio. Management of the team by the delegation of...

Words: 322 - Pages: 2

Premium Essay

Project Management

...customised web and server-based projects. I have extensive experience in planning, executing, monitoring and closing projects, and have yet to encounter a deadline I couldn’t meet. I am highly organised, have good knowledge of project portfolio management software, enjoying interfacing with clients, and can effectively implement procedures following PMI methodologies. I am valued for the passion I put into my work. More than anything, I look forward to a stimulating position in a supportive team where I can continue to exercise and develop my skills. Education SEEK Learning Online PMI Project Management Professional Graduated: 2008   University of New England Armidale, NSW Bachelor of Information Technology Graduated: 2007   Work Experience April 2008 – Present: Junior Project Manager Diverge Data Sydney, NSW Diverge Data is a specialist IT services provider that helps clients build and manage their IT infrastructures. Responsibilities: * Manage and deliver low risk projects with medium-sized development teams * Assist the project manager in project delivery * Prepare and assist with project documentation, scheduling, issue tracking, resource management and QA * Present project reports * Liaise with project stakeholders directly to define and deliver their needs * Track, schedule and manage projects using Endeavour project management software Achievements: * Consulted on a 10-month project to develop a system that allowed...

Words: 504 - Pages: 3

Premium Essay

What Is the Role of a Project Manager?

...What is the role of a Project Manager? Project managers are the point people responsible for coordinating activities of project team members to achieve project objectives. Whereas project team members tend to have narrowly focused skills and expertise, and are primarily concerned with day-to-day functions, Project Managers focus equal attention on near- and long-term activities. Historically the role of Project Manager focused on the larger, more technical projects. However, in recent years it is being applied to a variety of smaller, less technical projects as well. The Project Management function has received a lot of attention over the last 10 years and has become a highly desired competency in most organizations. Specifically, what are the responsibilities of a Project Manager? A true Project Manager is responsible for effectively and efficiently: • Defining the scope of projects; • Developing project schedules; • Estimating project costs; • Gaining stakeholders’ approvals; • Measuring project progress; • Controlling project changes; • Closing out projects. Why are soft skills important to being a great Project Manager? The common thread running through all the essential skills needed to be a great Project Manager is working with people. Whether it’s defining the scope of a project, exercising change control or closing a project out, the more comfortable Project Managers are with interacting with people the more successful...

Words: 2642 - Pages: 11

Premium Essay

Bdjobs Training

...Development/NGO, Management Development and so forth. Since its inception, Bdjobs Training has been mentoring the professionals by providing latest industry focused education. BT, in this expedition, engages hundreds of industry experts to ensure quality education to the young entrepreneurs and professionals of the country. BT offers both short (1 or 2 days) and long courses in the form of workshop and certificate training. Also BT offers customized in-house training programs exclusively designed for a group of employees. Customized courses can be provided either at our training facilities or on-site at clients’ location. Our training programs are lively, interactive, and include role-playing and demonstrations of real-life workplace issues and solutions. bdjobstraining.com Page |2 bdjobstraining.com Page |3 TRAINING TRACKS Marketing/ Sales Track • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 1111 Selling Techniques for Excellence 13 Lessons to turn every Company into Fantastic Brands Advance Selling Techniques Art of Pharmaceutical Sales Brand Management–Walking the Talk Branding for Bangladeshi Business Constructive & Modern Leadership Approach in Selling through Team Building Corporate Sales Management for Excellence Creating New Prospects and Managing Sales Pipeline Creative & Successful Selling Techniques for Excellence Customer Relationship Management (CRM) Digital / On-line Marketing - New Era of Brand Management Effective...

Words: 2551 - Pages: 11

Premium Essay

Risk Management

...Impact of Risk Management in Application Development Abstract: Nowadays, software is becoming a major part of enterprise business. Software development is activity connected with advanced technology and high level of knowledge. Risks on software development projects must be successfully mitigated to produce successful software systems. Lack of a defined approach to risk management is one of the common causes for project failures. To improve project chances for success, this work investigates common risk impact areas to perceive a foundation that can be used to define a common approach to software risk management. Based on typical risk impact areas on software development projects, we propose three risk management strategies suitable for a broad area of enterprises and software development projects with different amounts of connected risks. Proposed strategies define activities that should be performed for successful risk management, the one that will enable software development projects to perceive risks as soon as possible and to solve problems connected with risk materialization. We also propose a risk-based approach to software development planning and risk management as attempts to address and retire the highest impact risks as early as possible in the development process. Proposed strategies should improve risk management on software development projects and help to create a successful software solution. Table of contents: 1. Introduction ...

Words: 2496 - Pages: 10

Premium Essay

Bhanu Yedla Week 2 Discussion Projectitis

...posting, please contact permissions@hbsp.harvard.edu. If we are to grow as advanced technology grows, we must realize the new importance of . . . THE PROJECT MANAGER By Paul O. Gaddis In new and expanding fields like electronics, nucleonics, astronautics, avionics, and cryogenics, a new type of manager is being bred. Although he goes by many titles, the one most generally used is project manager. His role in modern industry deserves more scrutiny than it has received from students of management and professional managers. Generally speaking, the project manager's business is to create a product — a piece of advancedtechnology hardware. The primary tool available to him is the brainpower of men who are professional specialists in diverse fields. He uses this tool in all the phases of the creation of his product, from concept through the initial test operation and manufacturing stages. This article will consider those functions of management which receive special emphasis in advanced-technology industry: • • • What does a project manager in advancedtechnology industry do? What kind of man must he be? What training is prerequisite for success? In this kind of work the development phase is always substantial, since the essential function of the new industry is the adaptation of recent research findings to the solution of specific problems in creating a new product. But operating groups in advanced-technology companies do not themselves perform fundamental research. While advancedtechnology...

Words: 6717 - Pages: 27

Premium Essay

Project Management Methodlogies

...This report analyses the current project management methodologies and the lean system and also explains the importance of the lean delivery system with the advantages and disadvantages comparing to the current methods used in the project management practice. Projects are completed by project management methodologies and lean management system. Generally Project management methodologies are the various ways in which projects are initiated, planned, and executed unto completion. For different type of industrial projects and for different types of projects, there are certain specific management methodologies that are currently in use such as the traditional methods or the critical chain method that are to be used. The Lean Project Delivery System has emerged from the theoretical and practical Investigations, the process of on-going development, reducing the forms of waste in the process to get the desired product with high customer satisfaction. Introduction Project: A project is a unique endeavour to produce the desired product within the specified time given, set of constraints-cost and quality. Project management: Project Management: Project management can be defined as the process which is disciplined to involves the skills, tools management and the required management techniques to complete a project successfully There are some current management methods for project management; one of the main methods is traditional project management method which sorely based on step...

Words: 1984 - Pages: 8

Premium Essay

Nt7777

...329 Dover Lane, Fenton, MO 63026314-489-3728randolphwenner@yahoo.com | Randolph Wenner | Objective | Obtain a position where I can maximize my over 9 years of Implementation and Project management skills, quality assurance, data manipulation, file editing and client service experience in the work field. | Experience | March 2012 to Present | ITT Technical Institute | Arnold, MO | Full Time Student * * * | | September 2006 to January 2012 | TALX Corporation | St Louis, MO | Implementation ManagerResponsible implementation of over 100 customers on The Work Number.com for employment and income verifications.Managed project during and after Implementation process to ensure all milestone dates are met and kept on trackProvided second tier customer support to all customers for any data issues with their file feed or transmission issues to data mapping changes. * Responsible for training of all new employees in the St. Louis office for Implementation process and training on all internal systems. | | September 2003 to April 2006 | Ceridian Corporation | St. Louis, MO | Payroll Service ConsultantResponsible for successfully implementing over 50 clients on payroll software such as Peoplesoft, Kronos, Ultimate Software and Ceridian softwareProvided second tier technical and customer support for all clientsWorked closely with programming, tax and credit departments along with sales on a daily basis for support and for customer initiated...

Words: 384 - Pages: 2

Premium Essay

Pm 587-Final Paper

...workers in the U.S. with more than $106.9 billion in annual revenue. IBM produces computer hardware and software, and is one of the largest technology consulting businesses in the world. It operates in five primary segments: global technology services, systems and technology, global business services, software and global financing. The global technology services segment primarily includes IT infrastructure services and business process services. The systems and technology division provides IBM’s clients with business solutions built on advanced computing power and storage capabilities. Offerings include servers and infrastructure storage products; microelectronics for IBM systems and for sale to original equipment manufacturers; and retail store solutions, such as network-connected cash registers. IBM is active in over 170 countries worldwide. In 2011, IBM acquired the following companies. The provider of real estate and facility management software solutions, TRIRIGA, Inc; the provider of intelligence analytics for fraud and crime prevention, i2; the risk analytics firm Algorithmic; the provider of...

Words: 2548 - Pages: 11

Premium Essay

Project Scope Creep

...[Type the company name] | Annotated Bibliography | Project Scope Creep | | [Type the author name] | [Pick the date] | Colquitt, J. and Lepine, J. (2013) “Stress.” Organizational Behavior: Improving Performance and Commitment in the Workplace, 130-142. The authors focus on the research field of organizational behavior and understanding attitudes and behaviors of individuals and groups within organizations with the goal of improving them and the way the function collectively. The section on stress analyzes the negative impacts that stress can exert on organizations and methods for managing it to minimize its effect. The foundation of the section revolves around the “transactional theory of stress” which explains how stress is perceived and how individuals respond to it, taking into account the effects of both work and non-work influences on the overall organization. Due to the high cost organizations are faced with associated with employee stress, the section analyzes different practices and methods that can be utilized to manage stress and eliminate issues that cause it. Additionally, a number of different companies and their stress management practiced are discussed as well as resources that can be used to aid organizations. This book is an excellent resource and reference tool for project managers as they face a unique set of challenges based upon the nature of projects and the functionality of project organizations. The stress section was particularly beneficial...

Words: 5044 - Pages: 21

Premium Essay

Abcd

...For the exclusive use of V. THANGAMANI KEL158 Revised May 8, 2009 MARK JEFFERY A&D High Tech (B): Managing Scope Change After successfully planning and organizing the A&D High Tech online store project, project manager Chris Johnson was promoted to vice president of e-business. Eric Robertson returned from his leave and assumed the position he had left as the project manager for the online store. In late summer 2003, Johnson began hearing whispers from his colleagues that the project was in trouble. On August 20, CIO Matt Webb frantically approached Johnson in his office. He had just fired Robertson and wanted Johnson to serve as the interim project manager. For more than three months, Robertson had told Webb that the project was on track, but suddenly he changed course and told Webb that he “guessed” it would be at least one month late and that costs would overrun by more than 20 percent. This was hardly acceptable, since it was imperative that the project be completed in time for the holiday shopping season. The project had strategic importance to the company and was integral to its holiday promotion strategy. Webb explained to Johnson that there was an additional challenge: the vice president of marketing wanted to create “promotional bundles” for the holiday season. Promotional bundles are a collection of items bundled together and sold at a lower cost than if the items were purchased individually. A&D’s trial promotions with some retailers had shown...

Words: 2515 - Pages: 11