...Project management for business Contents Introduction……………………………………………………………………………………. 1 Task 1………………………………………………………………………………………….. 1 1.1 Describe the background and the principles of project management……………………. 1 1.2 Appraise the viability of projects, developing success/failure criteria…………………... 2 1.3 Explain the principles behind project management system and procedures…………….. 4 1.4 Explain the key elements involved in terminating projects and conducting post project appraisal………………………………………………………………………………………. 6 Task 2…………………………………………………………………………………………. 7 2.1 Identify the most appropriate organizational structure, roles and responsibilities of participants within project…………………………………………………………………….. 7 2.2 Control and co-ordinate ………………………………………………………………... 9 2.3 Assess project leadership requirements and qualities…………………………………... 10 2.4 Plan and specify human resources requirements for a project………………………….. 10 Task 3………………………………………………………………………………………… 11 3.1 Prepare project plan and establish the project organization…………………………….. 11 3.2 Applying project scheduling, estimating and cost control techniques………………….. 13 3.3 Analyze the methods used to measure project performance……………………………. 15 3.4 Explain project change control procedures, evaluate the completed project…………… 15 Conclusion…………………………………………………………………………………… 16 Reference…………………………………………………………………………………….. 17 Introduction Management...
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...Business Project Management | BTEC L3 Diploma/Ext. Dipl. - Business | | Salindu Sadishan | 7/1/15 | Task 1 This task provides evidence for assessment criteria: P1, P2 and P3 A project is said to be a planned set of interrelated tasks, to be executed over a fixed period and within certain cost and other limitations. There are three basic types of business project. The first is the strategic project. This type of project is focused on achieving objectives determined during the business planning or strategic process. A second type is the operational project. These are projects that are initiated for business reasons other than achieving a strategic objective. For example, a general ledger may have become obsolete. So a business project is initiated in order to implement a new release of the general ledger. The third type is the repeating or operationalized project. These projects run so frequently that much of the regular project planning can be repeated. http://www.pmhut.com/what-is-a-business-project Project Life Cycle Origination Someone proposes an idea worth pursuing and solicits support for the idea in the project origination phase. Costs and staffing needs are minimal at this stage. The project gets sent to a committee for evaluation, and if the idea is selected further commitment to the project progresses, including budget and preliminary needs. If there is a long delay in the project life cycle, it is typically in the origination phase, as...
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...Project Management for Business LO1 Project management principles Introduction of project management Project management is a planned and structured effort to achieve an objective or is the process of managing, allocating, and timing available resources to achieve the desired goal of a project in an efficient and expedient manner, for example, creating a new system or constructing a project. Project management is widely recognized as a practical way of ensuring that projects meet objectives and products are delivered on time, within budget and to correct quality specification, while at the same time controlling or maintaining the scope of the project at the correct level. Project management includes developing a project plan, which includes defining and confirming the project goals and objectives, identifying tasks and how goals will be achieved, quantifying the resources needed, and determining budgets and timelines for completion. It also includes managing the implementation of the project plan, along with operating regular 'controls' to ensure that there is accurate and objective information on 'performance' relative to the plan, and the mechanisms to implement recovery actions where necessary. Projects usually follow major phases or stages (with various titles for these), including feasibility, definition, project planning, implementation, evaluation and support/maintenance Principles of project management The Success Principle The main goal of project management...
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...According to my understanding project management is important because there is an intense competition between the firms in today’s business environment.in order to achieve an advantage over competing firms, efficiency and success of each and every project is very important .most of all project management is a necessity because of the budgets and resources are limited and time constraints are very strict. As far as I concerned managing a project is a complex task which consists of number of phases and it is a non-repetitive process which has a beginning and an end. Various different tools can be used in this process and these tools will help to measure accomplishments, progress and project tasks. Project management help to reduce the risk of failure and increase the chance of success.it also help to overcome problems and to address the challenges which may arise throughout the life cycle of the project.by applying project management activities, the project it will become flexible and will be able to adapt to possible changes that may occur in the future and will achieve higher performance and probability of higher success. According to my opinion project management can be applied to many organizations and industries. For examples we can consider Information Technology, Engineering and Architecture, Manufacturing, Software Development and banking among many others. Project management is discipline and a process.it is consists of set of method and tools which can be used to define...
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...The best methodologies, in my opinion, for the Project Stock would be Network Flow Diagram and Project Software. Using Network Flow Diagram will help ShoeRUs to visualize and understand how the project will work and proceed. This diagram will also display the link with all the components of the project. (Network Diagram, 2015) One more strength of this methodology is that the format of this diagram will make it easier to determine the flow of the project, where the current project is in its lifecycle and also link of activities taking place during the whole lifecycle. The main aim of this methodology is to enable to create a diagram for the project broken down into smaller tasks which are important for completing the whole project. Another methodology is the Project Software. There are a lot of strengths that comes with this type of methodology. One of its strengths is that it provides the company to evaluate the direction that the project is taking. It also helps the company to revisit every task in the project lifecycle. By doing this, the company will reduce the costs and the time that will take to finalize the project being developed. It also helps the company to build the project as expected. (Miranda Brookins, 2015) For the Project Moving House, I will choose the Budget Methodology and the Schedule Methodology. The Budget methodology will help the family to control the costs of moving their furniture and other personal belongings to their new house. By using this methodology...
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...The Board of Directors for ABC Complete Kitchens, Inc. has one more requirement for you before they are ready to turn operations over to the executive team. The board members would like your input regarding leadership of the new plant and the strategic environment in which the plant will operate. They have requested that you prepare a detailed description and discussion of the strategic environment, internally and externally, that will help formulate an overall strategic plan for the new manufacturing plant. For this assignment, your requirement is to research and create a presentation that describes and discusses the strategic environment of the new manufacturing plant using a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis process. Your analysis should consider not just the new start-up plant, but also the manufacturing industry as a whole. Be sure to include citations for quotations and paraphrases with references in APA format and style. Make sure your presentation follows good PowerPoint design principles (e.g., readable font, uses one template, one-inch borders around the slides) and contains transitions, builds, and animation when appropriate. The last slide(s) in the presentation should be the list of references you used for the assignment in APA format. For this assignment, you do not need to use outside resources and references for the PowerPoint presentation. All the information you need for this assignment is included within the custom-published...
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...Status Report – BU 2799 Business Management Capstone Project BU 2799: Business Management Capstone Project Raymond Joseph (18598631) Dr. Mitchell ITT Technical Institute 23 February 2016 Status Report John Deere (Deere & Company) Company Background and Business Model The items that I have completed for the Business Management Capstone Project as of February 23, 2016, include many components. First, I have included the name of the business that I will be discussing for the project. The name of the company that I will be discussing is John Deere. The company was founded almost 200 years ago (In 1837) in Moline, IL. The current CEO of the company is Samuel R. Allen. The current stock price for John Deere (Deere & Company) (NYSE: DE), as of 02/23/2016, is $77.14. The company specializes in producing lawn and garden care equipment. The specific items that are produced by John Deere are vast and diverse, and range from home garden equipment, including lawn mowers, tractors, equipment, to industrial equipment, which include excavators and bulldozers. The company currently has a loyalty and rewards program for John Deere customers that promotes company retention and loyalty. The loyalty rewards program is called the GreenFleet Loyalty Rewards Program. The new business model that I propose would be structured around an enhanced version of the current GreenFleet Loyalty Rewards. Company Structure Second, I discussed the John Deere’s company structure. John Deere is considered...
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...THE MARTIAL ARTS ACADEMY SCHOOL MANAGEMENT SYSTEM THE MARTIAL ARTS ACADEMY SCHOOL MANAGEMENT SYSTEM PROJECT TITLE: MAAS MS PROJECT CHARTER BUSINESS CASE VERSION 1 MARCH 2014 TABLE OF CONTENTS Project Description 3 Measurable Organization Value: MOV3 Deliverable Structure Chart Use-Case Diagram Scope Change Procedure Comparison of Alternatives 3 Skills, Knowledge & Roles5 Roles and Responsibilities6 Meeting Schedule7 Team Communication8 Team Rules and Expectations8 Signatures10 Project Description: MAAS MS The Martial Arts Academy has hired Bella Tech Solutions to design a system to help automate their business operations, improve student retention, and increase revenue. The academy has found that their paper-based process for school enrollment, class entry, and skill progression to become more difficult to manage. For example, instructors have found it difficult to keep track of the classes that students have actually registered for and attended. Also, they have observed an opportunity to maintain an accurate account of the student skill level and progression. Bella Tech Solutions has been tasked with the job of creating a system to automate all of their paper based processes that will directly increase the Martial Arts Academy monthly revenue. The name of the project is MAAS MS, which stands for “Martial Arts Academy School Management System” (pronounced Mac Miss); represents the project team assembled by Bella Tech Solutions to create...
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...This project investigates the influence employee turnover and Management Style had on Manson restaurant from a business outlook. Henry Richardson Oxford Brookes University Ruskin College 14richhe@ruskin.ac.uk Table of Contents Introduction 3 Background 4 Evaluation 6 Conclusion 7 Appendix 9 References 10 Introduction I worked in London for 12 months at Manson Restaurant, which was a fine dining restaurant. I was running the front of house bar during the opening hours of Manson that was a busy West London Restaurant. I took a keen interest in the business, financial planning and strategy while I was assistant manager. I was accountable for all bar staff, daily targets costs, stock, and general up keep with attention to health and safety. I feel that having been the assistant manager; this has placed me in a beneficial stance when talking on behalf of the business, and gathering problems from the staff and how the restaurant was run. I worked there for 12 months and by the end I was one of the longest lasting members of staff by two months. Staff turnover is one of the problems that are going to be discussed in this project. From working at the restaurant for a year I could see that employees where coming and going far too often. In the restaurant industry, high turnover rates remain an everyday battle. The financial impact cuts deep into budgets and lowered employee morale is often an unavoidable result (Raya, 2013). Whilst working at Manson I had three...
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...University of Western Cape School of Business and Finance MAN620/ADM720 Project Management Lecture Session 1 : 26th January 2010 An introduction into project management with some history of project management and some contextual information. How project management has permeated almost all aspects of working life. The evolution of the project management context. Why and under what circumstances project management is used. What characterizes projects and differentiates them from other forms of management. Examples of projects – large medium and small. Chapter 1 - An Introduction to Project Management The Project Management Book of Knowledge (PMBoK) defines Projecy Management as “the application of knowledge, skills, tools and techniques to project activities to meet project requirements”. In the course outline we make the following statements with regard to what this course promises you engineering students. In the engineering environment, Project Management can be practiced either a stand-alone professional discipline or as an integral part of the delivery mechanism for engineering services. Either way, all engineers need a thorough understanding of Project Management theory, principles, practices, tools and techniques. This course has been structured to stimulate the interest of student engineers in the discipline of Project Management and to equip them with sufficient knowledge of the discipline to meaningfully participate in project work at an early stage. Many organisations...
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...The Strategic Management of Projects The concept of Managing projects describes the organisation’s ability to select, nurture and deliver projects and programs effectively. The strategic capability to manage projects1 expands this general concept to include the direction of the organisation’s overall Project Delivery Capability (PDC) towards the achievement of its strategic objectives. The strategic management of projects includes all of the aspects of project delivery discussed in our white paper PDC Taxonomy2 (outlined below) focused on realising strategic value for the organisation. In many organisations, implementing an effective and rigorous PDC structure will require a major organisational change effort and will challenge existing cultures, particularly the tendency of executives to focus on project failure rather than organisational failure when their organisation fails to adequately support the management of its projects. 2 The PDC Architecture outlined in WP1074 – PDC Taxonomy 1 Strategic project management has many different terms for the same general set of management capabilities required to support the efficient delivery of the ‘right’ projects and programs. Some options include: - The Management of Projects: Prof. Peter Morris’ concept - Enterprize Project Management: tends to be used for the supporting software tools - Enterprise Project Governance: (used in a book by Paul Dinsmore & Luiz Rocha) focused on How to Manage Projects Successfully...
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...N14C31 Managing Projects 01.10.2012 Lecture 1: Introduction to Project Management & WBS Dr Christos Braziotis Christos.Braziotis@nottingham.ac.uk Module Convenor Dr Christos Braziotis Lecturer in Supply Chain and Operations Management Nottingham University Business School, Room B37, South Building Tel: 115 9514026 Email: Christos.Braziotis@nottingham.ac.uk N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 2 Agenda • Introduction to the Module: – Aims – Resources – Assessment • Introduction to Project Management: – Aspects to consider in Project Management – Work Breakdown Structure N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 3 Introduction to Project Management N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 4 • The word “Project” is frequently used N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 5 • The word “Project” is frequently used N14C31 – Managing Projects © Christos Braziotis, 2012-2013 – Nottingham University Business School Slide 6 What is a Project? – Definitions • A temporary endeavor undertaken to create a unique product or service (US Project Management Institute) • Unique process, consisting of a set of coordinated and controlled activities with start and...
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...Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 119 (2014) 229 – 236 Project portfolio management in a company strategy implementation, a case study Irja Hyväria* a Martela Oyj, Aalto University School of Business, Finland Abstract The aim of this study is to investigate the effectiveness of the project portfolio management in different business organizations. Project portfolio management is seen as a holistic activity, dependent on the organization's strategy. This study aims to determine how the project portfolio decisions are made and how the project portfolio is managed. Also other organizational factors which may affect the efficiency of project portfolio will be considered. In this study, research method was case study carried out in business organizations. The study showed interconnection between company strategy, project portfolio and projects in process and practice. The results indicate that project portfolio management is, however, facing people challenges in managing project portfolio. © 2014 The Authors. Published by Elsevier Ltd. © 2014 The Authors. Published by Elsevier Ltd. Open access under CC BY-NC-ND license. Selection and peer-review under responsibility of the IPMA. Selection and peer-review under responsibility of the IPMA. Keywords: Project portfolio management; business organizations; company strategy; leadership* 1. Introduction Nowadays organizations face challenges in their environment...
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...Project Management Exxon Mobil Oil Company Synopsis This paper focuses on the aspects of project management as far as the integral demands for the project management are concerned. Essentially, project management is geared towards achieving the solid goal of the organization which is merely dependent on the policy framework, production mechanisms and the overall performance of the operations manager. In this regard, this paper focuses on the main issue of operations of Exxon Mobil Oil Company which is a major player in the oil industry in US. This company has a well established supply chain which has been responsible for the maintenance of a market leadership for a long time. In fact, business operations at the company have been pegged on a number of project management essentials such as information technology in the management and manipulation of business data. In this regard, business activities at the company has been a practical lesson to majority of its feeder companies which are still struggling to realize a significant market potential as ExxonMobil in the long-run. Indeed, this paper therefore employs theoretical and practical understanding of the essentials of business model assumed by the oil and gas company towards developing proficient business activities in the industry and the globe at large. Background Exxon Mobil Corporation is a multinational Oil and Gas Company based in America and headquartered in The Irving region of Texas, US. This company is the...
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...enterprise-wide/ERP projects M ARY SUM NER School of Business, Southern Illinois University, Campus Box 1106, Edwardsville, IL 62026, USA The purpose of this study was to identify the risk factors in implementing traditional management information systems projects, describe the risk factors associated with enterprise-wide/ERP (enterprise resource planning) projects and identify the risk factors in ERP projects which are unique to these projects. Some of the unique challenges in managing enterprise-wide projects which were highlighted through the ndings included the challenge of re-engineering business processes to ‘ t’ the process which the ERP software supports, investment in recruiting and reskilling technology professionals, the challenge of using external consultants and integrating their application-speci c knowledge and technical expertise with existing teams, the risk of technological bottlenecks through client-server implementation and the challenge of recruiting and retaining business analysts who combine technology and business skills. Introduction In the past few years many organizations have initiated enterprise-wide/ERP (enterprise resource planning) projects using such packages as SAP, Peoplesoft and Oracle. These projects often represent the single largest investment in an information systems (IS) project in the histories of these companies and, in many cases, the largest single investment in any corporatewide project. These enterprise-wide/ERP projects bring about...
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