...largely capable of handling the data from collection to processing. It was more impersonal requiring each individual to pick and choose the processed data and use for his requirements. This concept was further modified when a distinction was made between data and information. Information is a product of analysis of data. However the data could be analyzed in different ways producing different shades and specification of information as a product. It therefore demanded that the system concept be an individual oriented since each individual has different orientation. This concept was further modified that the system should present information in such a format or form that it creates an impact to its user that it creates a decision or an investigation. It was later realized that even though that such an impact was a welcome modification, some sort of selective approach was necessary in the analysis and reporting. This development gave rise to the concept of exception reporting being imbibed in MIS. This was further developed to the extent...
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...Guide) – Fifth Edition Licensed To: Jorge Diego Fuentes Sanchez PMI MemberID: 2399412 This copy is a PMI Member benefit, not for distribution, sale, or reproduction. Library of Congress Cataloging-in-Publication Data A guide to the project management body of knowledge (PMBOK® guide). -- Fifth edition. pages cm Includes bibliographical references and index. ISBN 978-1-935589-67-9 (pbk. : alk. paper) 1. Project management. I. Project Management Institute. II. Title: PMBOK guide. HD69.P75G845 2013 658.4’04--dc23 2012046112 ISBN: 978-1-935589-67-9 Published by: Project Management Institute, Inc. 14 Campus Boulevard Newtown Square, Pennsylvania 19073-3299 USA Phone: +610-356-4600 Fax: +610-356-4647 Email: customercare@pmi.org Internet: www.PMI.org ©2013 Project Management Institute, Inc. All rights reserved. “PMI”, the PMI logo, “PMP”, the PMP logo, “PMBOK”, “PgMP”, “Project Management Journal”, “PM Network”, and the PMI Today logo are registered marks of Project Management Institute, Inc. The Quarter Globe Design is a trademark of the Project Management Institute, Inc. For a comprehensive list of PMI marks, contact the PMI Legal Department. PMI Publications welcomes corrections and comments on its books. Please feel free to send comments on typographical, formatting, or other errors. Simply make a copy of the relevant page of the book, mark the error, and send it to: Book Editor, PMI Publications, 14 Campus Boulevard, Newtown Square, PA 19073-3299 USA...
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...Operations Consulting Process and the five Ps of production are not applied (Chase. 2008. p. 379 - 383), there is no doubt that going into fiscal 2014, the market will be different. Sequestration and continuing resolutions will take their toll on the federal budget, resulting in less procurement. The net result is that competition for the remaining government dollars will be stiller as companies’ battle for market share. Because we want the company to succeed, someone needs to step up and take the lead. Since organizations are ultimately shaped by human behavior, effective task management depends upon organizing workers into the most economically and strategically beneficial model. Relationships among staff often have an immense impact on how efficient an organization is in meeting its mission. Squabbles, rivalries, and territory claims can be very disruptive to operations. Although human nature a lone can create these conflicts, organizational structure consulting seeks to understand how current decision-making pathways may actually facilitate such...
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...(2009, p.334). Regardless of how thoroughly a project manager works to ensure that a project’s schedule is accurate, he or she cannot fully control the inevitable and random influences that may negatively impact their project schedule. Equipment failures, nature, and sick employees are just a few of the uncontrollable factors that may jointly cause a project manager to miss their project’s target date. In preparation for these risks, a project manager needs discipline to devise an appropriate, risk-controlled project schedule. These Kendrick states that scheduling risks fall into three categories (2009, p.71): * Delays - Usually caused by material delivery and availability issues. * Estimates - Minimize this risk by using better estimation procedures. * Dependencies - When one project depends on other projects or systems, a failure or delay in any area can cause a domino effect. Risk Identification is the process of documenting risks that threaten a project and determining which of those risk have the potential to cause the most impact it. The act approximating the degree of impact a risk may have on a project schedule is referred to as estimating. This paper discuses two tools or techniques of estimating scheduling risks used to predict and reduce risks and the impact on a projects schedule. This paper also demonstrates how these techniques can be applied to the Panama Canal case study. To be specific, this paper discusses the use of Brainstorming as a scheduling...
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...PUBLICATION DATE: 10 Oct 2014 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Philip Morris International Inc. TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts...............................................................................................................3 SWOT Analysis.....................................................................................................4 Philip Morris International Inc. © MarketLine Page 2 Philip Morris International Inc. Company Overview COMPANY OVERVIEW Philip Morris International Inc. (PMI or 'the company') is one of the world's leading tobacco companies. It is engaged in the manufacturing and sale of cigarettes and other tobacco products. The company markets its products in more than 180 countries. It is headquartered in New York City, New York and employed about 91,100 people as of December 31, 2013. The company recorded revenues of $80,029 million in the financial year ended December 2013 (FY2013), an increase of 3.4% over FY2012. The operating profit of the company was $13,515 million in FY2013, a decrease of 2.5% compared to FY2012. The net profit was $8,576 million in FY2013, a decrease of 2.5% compared to FY2012. KEY FACTS Head Office Philip Morris International Inc. 120 Park Avenue New York New York...
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...Management, I shall focus on a general introduction & in the later parts of the articles on the subject from PMI® & project management perspective to provide a broader framework. From the examination point of view, this is one of the most critical topics to understand and master. Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable outcome). The notion implies that a choice having an influence on the outcome exists (or existed). Potential losses themselves may also be called "risks". The terms “risk” & “risk management” are some of the most widely discussed & used terms. The general concept of risk management is not unknown to almost everyone, with the various concepts being deployed daily in every profession or occupation. It would not be unnatural then to assume that the field would have many experts and be rather error free. Hardly so! In fact, risk management is susceptible to errors repeated over projects even in the same organization across similar portfolio. Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events and / or to maximize the realization of opportunities. Risks can come from project failures...
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...Assignment #4 “Interpreting Macroeconomic Conditions” Gene Naroditsky Professor: Dr. Blondel Brinkman ECO 550: Managerial Economics and Globalization Strayer University June 5, 2011 I. Manufacturing 1. Abstract. When assessing the size and importance of the U.S. manufacturing sector, it is vital to recognize that many other sectors, such as finance, telecommunications, wholesale and retail trade, and accounting, depend on a strong manufacturing base. While U.S. manufacturing itself is the eighth largest economy in the world, its impact on the overall U.S. economy is much larger when this “multiplier effect” is taken into account. And reports of the demise of the manufacturing economy in the 21st century are clearly premature. While the general public perceives a manufacturing sector marked primarily by a loss of jobs, the facts about the industry paint a different picture. The United States is the world's largest manufacturing economy, producing 21 percent of global manufactured products. China is second at 15 percent and Japan is third at 12 percent. U.S. manufacturing produces $1.6 trillion of value each year, or 11.2 percent of U.S. GDP. Manufacturing supports an estimated 18.6 million jobs in the U.S.—about one in six private sector jobs. Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing. In 2009, the average U.S. manufacturing worker earned $74,447 annually, including pay and benefits. The average non-manufacturing...
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...Table of Contents Project Management................................................................3 Project Management Professional (PMP)®............................3 Diversity and Employment Compliance..............................13 ADA Compliance in Business...............................................13 Project Management Overview............................................3 Managing Projects within Organizations.............................3 Project Management .............................................................. Process Groups.....................................................................3 Execution, Monitoring and Controlling...............................3 Project Change Control and Closure...................................4 Initiation Basics, Developing a Project Charter and Project Management Plan...................4 Collecting Requirements and Defining Scope......................4 Monitor and Control Project Scope......................................4 Defining and Sequencing Project Activities..........................5 Developing and Controlling the Project Schedule...............5 Estimating Activity Resources and Durations......................5 Controlling Costs..................................................................5 Estimating & Budgeting Project Costs.................................6 Project Quality Planning......................................................6 Quality Assurance and Cost Control........
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...considered until very recently (SCHROECK, 2002). Since the negative outcomes of an action are undesired and to some extent, catastrophic, risk management is getting greater attention overtime and becoming an integral part of managing businesses and projects or even personal events. Risk management, in my opinion, is described as the process of defining, assessing, prioritizing, and then developing and implementing plans for either minimizing the impact of the future outcome in case of negative risk or maximizing the impact of the future outcome in case of positive risk. Another definition dealing with the project’s risks, as per the Project Management Institute is that “Project Risk Management includes the process of conduction risk management planning, identification, analysis, response planning, and monitoring and control of a project.” (PMI, 2008, p. 273) Moreover, leveraging the possibility and effect of positive risks and reducing the possibility and impact of negative risks are indeed the objectives of project risk management (PMI, 2008) As we can see from those definitions, in brief, to manage risk, there is a need to systematically approach what is considered a risk (identify), compile a list, visit and analyze each entry by applying some techniques that help doing the task (asses), plan an action for each risk where, to some extent, taking no action can be considered a response (plan), then monitor and control the risks...
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...that can be done to address shrinking enrollments and budgets while expenses upwardly creep?” The premise of the article lies in the fact the since various officials in the higher education industry (HEI) are in effect stakeholders, there is a vested interest in seeking various avenues of improving the systems as a whole so as to facilitate a more relevant learning experience for its clients – the students and faculty. Hence, the consideration of the possibility of establishing a project management office (PMO) as promulgated by the Project Management Institute (PMI) was being considered. This being further warranted by the success of PMO’s in the construction and healthcare industries. Though the authors are not PMI professionals themselves, the article could only relegate itself to the results generated from a series of interviews of highly appointed officials at Drexel University – these also not being PMI officials but being in the same category as the authors, they too, were astute educators. Hence, there is no presentation of relevant data to report any quantifiable results as the effects of what a PMO might provide – again, there is only the results of the industries mentioned above. The article does pique the interest of those who might be looking for a substantive method of evaluation options that would address the administrative concerns of educators; however, it does not report any...
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...information of the project. In addition, a theoretical frame work has been prepared for the type breakdown structures that are carried out in the project. Moreover, to further critically analyze and draw conclusions of breakdown structures, tables, charts and figures has been used. Finally, conclusions are drawn based in the critical analysis conducted for the purpose gathering information in a concise manner. The table 1 below presents the general information of HRII. Table 1.0 Project background information table (Source: Adapted from Project Management Dec 2014, PMI 2013, p. 19) A project is a sophisticated undertakings that involves unique set of tasks and activities that are conducted within sets of limits to meet the objectives that are defined (Rafele, Hillson & Grimaldi 2005). In order for the breakdown structure to be effective it is very important to define the scope of the project. According to PMI (2013), scope definition is the development of a comprehensive description of the project and decomposition of work and set of requirements. Moreover, Turner (2009) also emphasizes on the importance of managing the scope of the...
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...Tobacco Industry in Norway 21st Century Phillip Morris International (PMI) FGH430025 - Org and Man for Performance - 12408 - 201213 A report to identify and critically analyse a key organisational behavioural and/or human resource issue facing Phillip Morris International in Norway Table of Contents 1. Introduction 3 2. Background of the Study 3 2.1 PMI Strategy 4 3. Organisational Behaviour and HRM Issues 5 I. Leadership 6 II. Management 7 III. Motivation 11 4. Process involved in the preparation 14 5. Conclusion 15 6. References 16 1. Introduction This report aims to critically analyse Phillip Morris International (PMI) strategies and structure of how they manage the Norwegian consumer market. In this report the key issues that are required to be analysed are PMI leadership and management style for gaining more emerging markets across Scandinavia and Europe. PMI has had an autocratic leadership approach, which has been a controversial matter regarding changing laws and regulations in Norwegian tobacco industry. This report will focus on PMI’s approach to organisation behaviour and Human Resource Management practises through its leadership, management ,and HRM theories into practice and employee motivation as a result of PMI’s strategy to monopolies the entire market as a 21st century organisation. According to Buchanan& Huczynski (2010), “The organization behaviour is the systematic study of formal organisations and of...
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...THE SUCCESS OF THE ADELAIDE DESALINATION PROJECT Abstract The PMI Project of the Year for 2013 was won by the South Australia Water Corporation for the Adelaide Desalination Project. This project was performed to raise Adelaide out of its worst droughts. It was also completed ahead of schedule and within budget. Though the project ran into some uncertainties even before its start, due to some exceptional management practices followed by the Project Director and his team, the project was a resounding success. This report studies some of the key aspects that led to the success of this project and it eventually winning the coveted PMI Project of the Year Award. THE SUCCESS OF THE ADELAIDE DESALINATION PROJECT The Project that won the Project Management Institute’s Award for the year 2013 was the Adelaide Desalination Project Adelaide, Australia by the SA Water Corporation. South Australia, as the "driest state in the driest inhabited continent", experienced severe water shortages during periods of drought. As drought conditions worsened during 2006-2007, reduced inflow into the River Murray lead to the introduction of harsher water restrictions. The need for climate-independent sources of drinking water was clear to government leaders and residents. The South Australian Water Corporation (SA Water) responded with a plan to build an AU$1.8 billion desalination plant in Adelaide. Launched in February of 2008, the project originally aimed to construct a 50-gigaliter...
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...Project Management Professional Certification Kevin Manning Azusa Pacific University Project Management Professional (PMP) Certification Introduction Project Management Professional (PMP) is a certification recognized internationally meant for project managers in nearly every country in the world; the certification is presented by Project Management Institute (PMI) (Edward, 2016). There are a number of other certifications, but most of them do focus on a given subset of geography of domain; PMP works in the whole globe. There are about 200 countries and territories worldwide which have a total of 275 chartered chapters and approximately 700,000 active PMP certified individuals (Edward, 2016). The PMP signifies that the holder of the certification is capable of speaking and understanding the global language as far as project management is concerned; connects you to a community of professionals, organizations and project management experts worldwide to help one become a renowned project expert and a hero in his field (Levin Ginger, 2014). The main purpose of PMP therefore is to help the government and other organizations improve the success and quality of various projects by employing certified managers (Bon, 2006). The research paper analyses the benefits and justification of this certification to individuals and Christian businesses. The benefits of PMP to project managers The PMP has a number of both strengths and weaknesses;...
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...Team Values All the members in a project team bring with them a set of predetermined values, which are a direct result of their heritage, personal experience, and beliefs. The project manager (PM) should utilize these values to create a team environment that leads to project success. There are eight (8) team values that I believe are the most important for team members. My list of values includes: 1.Honesty, Openness and Frankness. Each team member must be honest, open, and frank during status review meetings, so the PM can successfully manage the project. This transparency builds trust and respect and maximizes team performance, says Wong (2007). 2.Responsibility. According to PMI (2008), the PM has the overall responsibility for the successful planning, execution, monitoring, control and closure of the project. As such, the project manager is held accountable if the project does not progress throughout its various lifecycle stages. It is worth adopting this value to follow-through and meet project deadlines. 3.Preparedness. The PM must be prepared to lead the management efforts (e.g., scope, time, budget, etc.) of the project. Visiting the lesson learned logs of previous projects run within the company will illustrate this value. 4.Commitment to quality of work. The team must follow a “quality-first” approach in terms of the work they do. A behavior I believe will exemplify this value is a group commitment to project excellence. After all, a...
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