...of the bank’s branches in a case where the bank has several branches in the same town. This software will be accessible online so that customers can view from wherever they are the branch with the shortest queue. Project stakeholders For this project to take off, various stakeholders need to be involved. This includes both the users of the software and those involved in developing the software. First, it is important that the users of this software are brought into consideration. This is to say that all the bank stakeholders that are likely to benefit from this project. As the say goes, the customer is the king in any business. It is very necessary to acknowledge the impact of this project on customer satisfaction. The success of the project will ensure that customers are able to access banks with shorter queues hence any bank that implements this project is likely to attract more customers. Secondly, the bank employees will benefit from this project in that there will be no scenarios where one bank is more flooded while another one has no customers at all. The flooded bank puts a lot of pressure on the employees as they seek to attend to the customer needs. Finally, the owners of the banks are the most vital stakeholders in determining whether the project will be implemented or not. This is because the owners and the management will bear the cost of installing this software in the banking system. Other...
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...Project 1 To demonstrate competence in this unit you will need to show that you can design and develop a project plan. Your task is to select an idea, improvement or opportunity that could be applied in a business operation. Describe the business and the project you might initiate. You will need to describe and define the project in context. Explain why such a project would be beneficial. What procedures might you use to ensure that the project was sponsored and supported by the organisation? Define the project, write a project narrative and develop a project plan, including the processes that would be used to manage financial, technical, human and physical resources. In developing your project plan, consider: Who are your project’s stakeholders? What would your role be in planning and delivering the project? How would you ensure that your project met organisational objectives? What resources would you need and how would you source them? Why should you and how would you consult with team members in the planning stage of the project and throughout the project’s implementation? How would you monitor the quality of outcomes? How would you ensure that you met project timelines? What project management tools would you use and why would they be most useful? How and why would you delegate roles and tasks? How would you design and develop risk management and contingency plans and cater for any health and safety issues? What methods would you use to clarify roles, responsibilities...
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...Question To demonstrate competence in this unit you will need to show that you can design and develop a project plan. Your task is to select an idea, improvement or opportunity that could be applied in a business operation. Describe the business and the project you might initiate. You will need to describe and define the project in context. Explain why such a project would be beneficial. What procedures might you use to ensure that the project was sponsored and supported by the organisation? Define the project, write a project narrative and develop a project plan, including the processes that would be used to manage financial, technical, human and physical resources. In developing your project plan, consider: 1. Who are your project’s stakeholders? 2. What would your role be in planning and delivering the project? 3. How would you ensure that your project met organisational objectives? 4. What resources would you need and how would you source them? 5. Why should you and how would you consult with team members in the planning stage of the project and throughout the project’s implementation? 6. How would you monitor the quality of outcomes? 7. How would you ensure that you met project timelines? 8. What project management tools would you use and why would they be most useful? 9. How and why would you delegate roles and tasks? 10. How would you design and develop risk management and contingency plans and cater for any health and safety issues? 11. What methods would...
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...PROJECT PLAN MAIL DISTRIBUTION CENTRE PROJECT MANAGER: Geoff Blackland START DATE: 01/12/2015 PURPOSE: Develop a new staff recruitment and selection process for mail distribution centre. TIMELINE: Three months REQUIRED STAFF FOR PROJECT: Henry Smith (Human Resources), Roger Tucker (Mail Distribution Manager) & Janine Taylor (General Manager) Interview Panel (to be advised) Stage 1 of the Planning Process: 1) Select the Interview Panel and block out appropriate times to conduct the interviews. Ensure interviewees have had training and know their role and responsibility in the process. 2) Determine how many interviews you would like to conduct later in the process. Book interview rooms depending on availability. 3) Analyse job requirements and develop a recruitment plan to determine the requisite knowledge, skills and attributes. Further information on this if required is available in the form of an information booklet 4) Develop Key Selection Criteria – refer to booklet for How to develop Key Selection Criteria. 5) Develop or revise position description – refer to booklet Developing or revising position description 6) Develop interview questions - refer to booklet preparing for interviews. 7) Develop scoring criteria for short listing and other selection techniques to be used. ROLES, RESPONSIBILITY AND WORKING TIMELINES: Select the Interview Panel. Geoff Blackland and Roger Tucker this will need the attention of your experience, Roger being the...
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...Task 1 The differences in project management success rates may be a result of the fact that some organizations do a better job of training their project managers. So they may be more skilled and knowledgeable in the project management discipline. But the way your organization deals with training is just one aspect of your overall organizational culture. A number of big-picture factors influence your ability to deliver projects successfully. Let's look at two of them: culture and structure. Culture has a huge effect on your success rate Your organization's culture has a lot to do with the success rate of your projects. Keep in mind that I'm talking about projects all throughout your organization, not just about one particular project. The term culture generally means “how we do things around here.” Imagine that someone asks you how successfully your organization delivers projects. If you say, “We’re pretty poor at delivering projects,” you’re voicing a perception of one aspect of your culture. Culture comes into play on projects in a number of areas. Process orientation Many organizations have good processes in place and people generally follow them. This is perhaps the biggest single factor in overall project success. If your organization follows a good, scalable project management process, you’re more likely to be consistently successful on your projects. The entire project team generally knows how to create and follow a work plan, and can use standard processes...
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...Aug 2013 Assessment Records BSBPMG522A Undertake project work BSBPMG522A: Undertake project work Unit information Unit code BSBPMG522A Unit title Undertake project work Unit descriptor This unit describes the performance outcomes, skills and knowledge required to undertake a straightforward project or a section of a larger project. This unit addresses the management of projects, including developing a project plan, administering and monitoring the project, finalising the project, and reviewing the project to identify lessons learned for application to future projects. Licensing, legislative, regulatory or certification requirements No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. Employability skills This unit contains employability skills. Application of the unit The unit focuses on the application of project-management skills and the requirement to meet timelines, quality standards, budgetary limits and other requirements set for the project. The unit does not apply to specialist project managers. For specialist project managers, the other units of competency in the project management field (BSBPMG) will be applicable. Unit sector or competency field None specified. Pre-requisite, co-requisite or interdependent assessment of units None specified. Context of and specific resources for assessment Assessment must ensure: access to workplace project documentation demonstration of all required...
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...view. People find it hard on the other hand to find their counterparts accountable since of difficulties in interpersonal communication. Another danger gets into the picture as people try hard avoiding situations where they blame other people and as a solution to this they tend to avoid communicating with the affected people. (Garrett, 1967).Problem causes should be pointed out therefore, without any adore and their root causes found out. This though will take time as serious conversations will need to be held in order to make them completely aware of their accountability roles and obligations. When accountability seeks to determine the objective of a given problem, blames ignores and do not undertake to find out the root cause of some problems. Accountability will therefore, undertake to align organizational objectives with some actions such as wanting some people out of the organization due to non accountability issues. Accountability will seek avoid countermeasure decisions that blames will encourage. (Garrett, 1967). Accountability will seek to find out the actual facts through understanding of the problem at hand. It also tends to disregard the reported or second hand information and data that blame situations would advocate this point accountability will seek to trace the history of the problem at hand to get first hand information and facts that blame cannot reach. Accountability will also seek to fit the findings together by making big picture reflections...
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...Band Description/ Definition | My evidence of activity at this band (use personal experience/ professional examples/ academic work/ current activity) | Band OneSupports colleagues with administration and processes. Effectively manages information and data and is customer orientated. | | Band TwoAdvises on and/or manages HR related issues relating to an individual or a team. Has a clear understanding of the evaluation process and the solutions available. | | Band ThreeLeads a professional area acting as a consultant or partner, addresses key HR challenges at an organisational level for the medium and long-term. | | Band FourLeads and manages a professional area(s) and/or the organisation. Responsible for developing and delivering organisational and HR strategy. | | Professional Areas | The three areas of most interest and value to me are (for definition see over page): | I have this interest because… | I will develop my knowledge in this area in the following ways: | 1 | | | 2 | | | 3 | | | Professional Area | | MSc HRM Modules | 1 | Contemporary Issues in Human Resource ManagementThe aim of this module is to introduce the student to the theory and practice of human resource management and to critically examine contemporary local, national and international issues that impact on the changing role and function of human resource management. | 2 | Managing Change and Organisational LearningThe module aims to develop knowledge and skills with...
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...nutifafa4u@yahoo.com ------------------------------------------------- PROFILE: A building technologist with 6 years’ experience in maintenance works (civil and building), project management, project estimation and preparation of bill of quantities. EDUCATION: BSc. Operations & Project Management Ghana Institute of Management & Public Administration, Accra (GIMPA). (2009/10 – 2011/12) HND. Building Technology Accra Polytechnic (2002/3 – 2004/5) Senior Secondary Schools Certificate Examination Ghana Secondary Technical School, Takoradi. (1998 – 2000) Basic Education Certificate Examination 5th Battalion Junior Secondary School, Accra (1995 – 1997) WORK HISTORY: Maintenance Officer- Building and Civil Works Ghana Airports Company Limited, Kotoka. Accra (2007- Present) * To undertake field inspections to establish maintenance requirements. * To process materials procurements for maintenance works. * To control materials usage in the field. * To supervise artisans activities. * To supervise contract works in the field. * To undertake any other duties as may be assigned by the Maintenance Engineer. Estates Supervisor – Building and Civil Works Ghana Civil Aviation Authority, KIA Accra (2006- 2007) * Responsible for planning and scheduling of maintenance works for enhanced performance of the maintenance team (Artisan) * Responsible for the maintenance audit and standard setting to monitor performance...
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...PM 592 COURSE PROJECT John Lawson, Mathew Freeman ENERGY EFFICIENCY INSTALLATION BUSINESS VENTURE PILOT PROJECT TABLE OF CONTENTS: Item | Page | 1.0 Executive Summary | 2 | 2.0 Project Description | 2 | 2.1 Major Activities | 3 | 2.2 Resources | 3 | 2.3 Project Milestone | 4 | 2.4 Assumptions | 4 | 2.5 Project Deliverables | 4 | 2.6 Constraints | 4 | 2.7 Risk Management | 5 | 3.0 Work Breakdown Structure | 6 | 4.0 Cost Estimates | 8 | 4.1 Cost Estimation Assumptions | 8 | 4.2 Cost & Contingency Estimation | 9 | 5.0 Financial Analysis | 11 | 6.0 Project Schedule | 12 | 7.0 References | 12 | 1.0 Executive Summary This project is a pilot project for the development of a business venture to promote the installation of energy efficiency and conservation features into homes to save home owners money through the reduction of monthly energy bill. The objective of the project is to install energy efficiency features into a home of about 2500 square feet in Atlanta, Georgia and expected to be completed within 5 months at an estimated cost of $96,558.21, using a three point estimation; and achieve about 50% savings in energy usage. The expected benefits include: * Reduced utility and maintenance costs * Increased home comfort * A healthier and safer indoor environment * Improved building durability * Ultimate increase in home value The project will begin on April 16, 2013...
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...5333) CASE STUDY BUILDING THE BOEING 787 PREPARED BY: PERCIVAL IGNATIUS V. SIVANANDAN Q1. What are the benefits to Boeing of outsourcing so much work on the 787 to foreign suppliers?What are the potential risks?Do the benefits outweigh the risk? Benefits :- A. Outsourcing reduces the risks associated with technological gamble i.e. always abreast with latest design innovations. B. In return for a share of the work the partners would contribute towards the estimated $8 billion in development costs. C. Able to tap expertise of most efficient producers worldwide, hence driving downcost of making plane. D. Outsourcing some work to foreign countries will help to garner sales in those Countries E. Outsourcing the design of so many components could cut down time to develop aircraft to four years from six years. Potential risks:- A. Not being able to meet Boeing delivery schedules B. Possibility of paying millions in penalty clause for late delivery. C. Parts not assembled as required D. Assembly instruction not available in English E. Partners may outsource mission critical design work to other company F. Other company might find it hard to meet Boeing quality standards G. Since other company reporting to partners and not Boeing, it takes times for Boeing to know...
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...Personal Report (Evidence 1) Overview I work for Noble’s Hospital in the Isle of Man, which is part of the Isle of Man Government Department of Health and Social Security (DHSS). Noble’s Hospital is the main acute healthcare facility on the Island of a population of approximately 80,000. Within the hospital, I work for the Purchasing and Supply Department who as a general overview, undertake Capital Equipping Projects, DHSS wide Contracts, Process orders for medical and non medical consumables and distribute a wide range of medical and non medical consumables to the hospital. My role within the Purchasing Office is a Buyer/Contracts Officer along with two further staff who report to our line manger, My role is diverse and consists of 3 major elements. I manage Capital Equipment Projects (Group 3 Furniture and Furnishings) as and when required, I undertake Procurement Contracting work with a range of Government Departments; and finally, I work closely with the Purchasing and Supply sections of our Axapta Financial System. Within my role it is essential that I work effectively and efficiently, leading by example where required, or listening and developing communication relationships in order to meet our organisational requirements. Our Purchasing Office consists of only three staff, I, P and Myself, due to the retirement of two staff. During the year of 2009 our small group has grown very close, primarily because of friendship but organisationally...
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...Name: Instructor: Course: Date: Management, Innovation and Organizational Performance Introduction Innovation is central to the understanding of how organizations sustain themselves over a certain period of time. This is because innovation enables organizations to create or generate new and multiple products and services. The process of innovation among organizations is to develop the basis of assessing creativity among organizations. More so, it enables managers to identify measures aimed at improving or changing organizational operations and functions. Through management innovation, new measures to plan, organize, coordinate, lead, and motivate the organization are identified. This can lead to achievement and sustenance of a competitive advantage in the industry. This is because principles of innovation involve creating long-lasting advantageous processes producing dramatic shifts in the competitive position. Global organizations therefore rely on innovation to systematically reinvent functions and operations being undertaken to enhance speed, effectiveness, and efficiency leading to a long business life (Alice 3). Organizations are referred to as open systems due to various reasons. Foremost, organizations are developed in order to produce new products and services regularly and successfully without facing barriers. As a result, they are referred to as open systems as they can determine market needs and technological capabilities to apply to ensure the products...
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...AS1: Approaches to Project Management and Methodology March 2015 1. Standard approaches to manage projects Provide brief descriptions of the following standard project management approaches: (a) The traditional approach (5 steps) The traditional approach to project management identifies a sequence of five steps to be completed in chronological order, as follows: * Initiation * Planning * Execution * Monitoring * Completion/closure Most projects will incorporate these stages, even where more complex project management methods are used but it is a method suited to simple, smaller projects, which do not have multiple tasks and people within the project team. (Hom 2013) Available at: http://www.businessnewsdaily.com/4014-project-management.html) Accessed 25/03/15 (b) Critical chain project management This method was developed by Dr. Eliyahu Goldratt and introduced in his book ‘Critical Chain’ (1997). It applies his Theory of Constraints to address project delivery issues, such as missed deadlines and increased costs and it focuses on eliminating delays due to uncertainty and over-estimation of task duration. The critical chain is comprised of the tasks which result in the longest path to project completion, with critical resources assigned to the tasks. The project schedule is then shortened by reducing the estimated task time and buffers are built in to provide for conflicts. Available at: (http://www.goldratt.co.uk/resources/critical_chain/)...
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...This article explores the circumstances where the management of risk may lead to an increase in the value of a corporation. Risk, in this context, refers to the volatility of returns (both positive and negative) that can be quantified through statistical measures such as probabilities, standard deviations and correlations between different returns. Its management is about decisions made to change the volatility of returns a corporation is exposed to, for example changing a company’s exposure to floating interest rates by swapping them to fixed rates for a fee. Since business is about generating higher returns by undertaking risky projects, important management decisions revolve around which projects to undertake, how they should be financed and whether the volatility of a project’s returns (its risk) should be managed. The volatility of returns of a project should be managed if it results in increasing the value to a corporation. Given that the market value of a corporation is the net present value (NPV) of its future cash flows discounted by the return required by its investors, then higher market value can either be generated by increasing the future cash flows or by reducing investors’ required rate of return (or both). A risk management strategy that increases...
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