...Introduction: A project manager is the person, who is responsible for the successful planning, managing, executing and closing of a project. Project management can be defined as an art of managing the project to achieve a balance of time, cost and quality. Commonly, project management follows major phases including feasibility study, planning, implementation, evaluation and maintenance. The project manager must have clear understanding of all the activities and process in managing project. Project management plays an important role from the start to end of the project. A good project manager will play a vital role in executing the project within the specified time period. Role of Project Management in Software Engineering: Software development is a people centric activity. Therefore, success of project is on the shoulders of the people who are involved in the development of project. Software development requires good managers, who can understand the project completely and provide good leadership for successful completion of software project. In IT industry, all projects move through five phases that are initiating, planning, executing, monitoring and controlling, and closing. Computer and information system managers play a vital role in implementation and administration of technology within the organization. Many software development processes can be run in the same way as general project management processes. A system development life cycle (SDLC) is a framework that describes...
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...Project Management Email-Piper Industries OPS 571 Dear Mr. Gritsch, I would like to thank Piper Industries for allowing our team to analyze your projects. Our team has carefully reviewed all three projects for a best fit to your business needs. Included you will find our analysis and recommendations of the Project Proposal that most benefits your company. Based on the review of the three projects, it appears that the Juniper project which is an enhancement of a current widget being offered will not be profitable option. It requires a cost of $350,000 to bring the product to market with a ROI of 76.9% of the initial cost at its 3 year life span. With advancements in technology ending the life of this product, it is recommended not to pursue this project. The Palomino project may appear to be more attractive with enhancements using existing technology. Upon reviewing the figures, $655,000 start-up costs to bring to market and a predicted $90,000 return each year for 7 years and factoring a ±5% margin, this project takes a different spin that presents a risk of loss to the organization. With a potential -5% (-$31,500) ROI, it becomes obvious that this project is not worth the risk. The ideal project that our team recommends is the Stargazer project. With an initial research and development cost of $450,000, it will only require an additional $125,000 to bring this product to market. Factoring a product life forecast of 7 years, your organization...
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...Industry Analysis Project IT Consulting in the US Industry Overview The IBISWorld Industry Report 54151 defines the IT Consulting industry as including “firms that provide the following services to client companies: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers and off-site data processing and hosting services.” (Yucel) The IT Consulting industry is expected to grow at a high rate, bolstered by rapid technology and process advancements in services such a cloud-based storage and big data analytics. The industry is projected to grow an annualized 2.4% to $431.8 billion by 2021. (Yucel) The rebounding economy and increasing corporate profits have created an environment of investment in IT Strategy and services. This investment is benefiting the industry as increased technology spend tends to open the consumers to cyberattacks and IT Consulting is increasingly being looked to for strategic guidance. The IT Consulting industry has low barriers to entry and, in part due to low capital requirements, has a large number of independent contractors and small firms operating in the space. Boutique firms notwithstanding, the market has its fair share of large multi-national corporations such as International Business Machines Corporation (IBM) and Accenture. However...
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...Three Case Study Questions Trina G. Stevens trinagstevens@bellsouth.net Part III of the Course Project for PM598 Nov10 Contract and Project Management Presented to Instructor Robert Davy of DeVry University December 5, 2010 RUHLING MANUFACTURING COMPANY QUESTIONS Question # 1: Why might negotiation be favored over competitive bidding in certain procurement situations? A buyer or a procurement section of an organization, or business might choose negotiation over competitive bidding when a project is small, not planned, or an emergency. There are some situations in which a buyer would favor negotiation rather than competitive bidding. For example, when the buyer is contracting for part of the seller’s services rather than a product. Also when there are ambiguities involved with the project. Another reason to use negotiation is when cost and risk cannot be correctly identified early within the project. Negotiation is used a lot when there are new, or unexpected ideas introduced to solve a problem within the project. Negotiation is usually cheaper and quicker than competitive bidding. Question # 2a: Considerations of Epsilon's alternative proposal: a. What is the applicability of a requirements contract from Ruhling’s point of view? - Assume that Epsilon will still make a profit resulting from economics of long runs and learning curves The applicability of a requirement contract from Ruhling’s point of view is that they would agree...
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...Group Project: Create an own Airline Company 1. Logo & Name Name: Phoenix Sky Cruise Logo 2. Concept: * Luxury business & premium product * Airline similar to cruises line * Premium class transportation and service to certain destinations at first * Product range: In order to gain profit and high revenue, we also want to consider at the same time using cargo (on the same plane) and also offer our clients an extraordinary service of being able to take freight with them (of course contrary to payment) * Aircraft equipment and provide customer with special service(at same time USP) * conference room (incentive travel) * reception lobby * lounge, bar, gambling possibilities * extra gambling room * sleeping place = seats for landing & take off * restaurant * Wifi access * Offer passengers max. 2 possible packages ( package 1: West coast to east coast; package 2: east coast to west coast; each have different cities) * Starting points are East coast Boston/ NYC (not sure jet); West coast LA/ San Francisco * 2-3 Planes will be flying from one city to another, dropping passengers off and flying directly to next city and 1-2 planes will be flying in opposite direction (same route) 3. Cities, Routs & Maps: In the first 1-5 years we want to try out 2 packages (maybe a third package after the 4. year). Short term planned basis: Package 1 Cities: (Anna has the Cities) ...
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...Eleven Minutes, by Paulo Coelho Also by Paulo Coelho The Alchemist The Pilgrimage The Valkyries By the River Piedra I Sat Down and Wept The Fifth Mountain Veronika Decides to Die The Devil and Miss Prym Manual of the Warrior of Light ELEVEN MINUTES TRANSLATED FROM THE PORTUGUESE BY MARGARET JULL COSTA 4u HarperCollins Publishers HarperCollinsPublishers 77-85 Fulham Palace Road, Hammersmith, London w6 8jb The HarperCollins website address is: www.harpercollins.co.uk Paulo Coelho's website address is: www.paulocoelho.com First published in English by HarperCollinsPublishers 2003 13579 10 8642 © Paulo Coelho 2003 Paulo Coelho asserts the moral right to be identified as the author of this work A catalogue record of this book is available from the British Library ISBN o 00 716604 4 Printed and bound in Great Britain by Clays Ltd, St Ives pic All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted,in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publishers. O, Mary, conceived without sin, pray for us who turn to you. Amen. Dedication On 29th May 2002, just hours before I put the finishing touches to this book, I visited the Grotto in Lourdes, in France, to fill a few bottles with miraculous water from the spring. Inside the Basilica, a gentleman in his seventies said to me: 'You know, you look just like Paulo...
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...Planning 1. Companies selected for project 1. Industry sector: Travel and leisure Company name: Carnival plc 2. Industry sector: Support Services Company name: Bunzl plc 3. Industry sector: Banks Company name: Standard Chartered 4. Industry sector: Media Company name: Personal plc 2. Approach to the project I use the Fundamental Analysis and “top-down” approach to select appropriate stock. 3. Justification for choices Dylan (47) and Ella (45) have been married for 20 years and have one daughter Alice who studies in a collage. Dylan is associate solicitor and earns £54,000. Ella is an economics professor, University of Bristol who earns £42,000 per year. They still have 8 years mortgage that £10,000 per year. They can save £40,000 per year. Moreover, for now, they want to travel when they retire. They need to some profit to cover their travel and raise their living standards. It has a long time when they retire, and they do not have ability to cover the high-risk stocks. And I will choice the stocks which has intermediate risk. According to the situation of the family I choice bank, travel & leisure, media and support services by the industry analysis that has stable returns. Travel & leisure industry sector: | |Earnings per |P/E ratio |Dividend |Return on |Current ratio |Net profit |Beta | | |share | | |avg assets | |margin | ...
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...PROSPECT OF ICT INDUSTRY IN BANGLADESH Ariful Islam ID: 11164063 Section: 1 Subject Code: BUS 502 Subject Name: Managerial Communication Summer 2011 PROSPECT OF ICT INDUSTRY IN BANGLADESH Abstract ICT is one of the most talked about but unexploited industries in Bangladesh. Last two decades have seen lot of initiatives, both in public and private sector, to stimulate growth in this sector. Although some success has been achieved, Bangladesh lags far behind other South Asian countries like India and Sri-Lanka in terms of employment and revenue generation in the ICT industry. Against such background, this paper takes a close look at the ICT industry of Bangladesh. Starting from the formative years of the ICT industry to different measures taken by the government to support this sector, the paper analyzes the prospects of the ICT industry in Bangladesh. Introduction ICT industry in Bangladesh is relatively new in comparison to other business sectors. However, the unlimited potential of the ICT sector has commended inquisitive interests from all concerned. The impact of global hype of the ICT sector is clearly visible in Bangladesh as well. In the recent years, the local ICT sector has grown enviably. With over 3,000 local enterprises operating in hardware, software and ISP segments, the size of Bangladesh ICT industry at present stands at USD 380 million. With the advantage of earlier initiation, the hardware segment dominates the market share (65 per...
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...Role of BSCIC (Bangladesh Small & Cottage Industries Corporation) UNIVERSITY OF DHAKA [pic] Submitted To: Dr. A R Khan Professor and Former Chairman Department Of Banking University Of Dhaka. Submitted By: Md. Mostafa Jabed Kaychar Dept. Of Banking & Insurance ID NO: 51221016 Batch-21st. “Bismillahir Rahmanir Rahim” Report based on the role of “BSCIC” (Bangladesh Small & Cottage Industries Corporation) in the promotion of small entrepreneurship in Bangladesh. Introduction Bangladesh Small & Cottage Industries Corporation (BSCIC) was established in recognition of the need for a specialized agency to promote the development of Small, Medium & Cottage Industries (SMCIs) in the manufacturing sector through the provision of advisory services, fiscal and financial assistance, infrastructural facilities, market access and other support programme. BSCIC strives to create resilient and efficient SMCIs, able to compete in a liberalized market environment. SMCIs have to be efficient and knowledge-driven, including using ICT to be globally ‘connected’ and accessible. The Corporation...
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...processes such as machining and assembly. Even the leading technology companies such as Intel Inside Sam Sung that have production facilities in Vietnam mainly produced components, as inputs to the process of creating a product in another country. Besides, a number of investment projects of China, one of the major partners of Vietnam, often use Chinese labor instead of hiring workers from VN 2. There is little technology transfer and management skill transfer into Viet Nam. Even Viet Nam becomes an industrial garbage after adopting out of date technologies. Investors tend to keep their “know- how” in secret. Channel 1: At a conference to summarize 25 years of new FDI was organized, Deputy Minister of Planning and Investment said Dao Quang Thu, 80% FDI technology used currently in Viet Nam is average, 5 6 % used is high-tech, 14% low and backward, there are individual cases using outdated technology. Technology transfer is mainly done horizontally - between business enterprises, with little change in the level and technological capacity. Despite the fact that there would be no corporations, they now carry the No. 1 technology, latest technology investment to other countries, however, the majority of FDI projects in Vietnam only average tech show FDI mainly to take advantage of cheap labor, investment in infrastructure in the form of production assembly line, or product improvements. Consequently, Vietnam businesses create low added value, hard to participate in global production...
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...Overview of real estate industry The real estate industry is one of the fastest growing industries in our economy, with a Compound Annual Growth Rate of approximately 30%..A US$ 16 billion industry at present, it is expected to touch US$ 60 billion in the next five years. The sustainability of growth in the real estate industry has its roots in strong demand fundamentals: a. Rapid expansion of the IT/ ITES and business outsourcing industry b. Rising demand in the residential sector, encouraged by rapidly increasing income levels; c. Acceptance of shopping malls as “one stop destinations” for consumers; and d. Growing popularity of Special Economics Zones as preferred destinations for both manufacturing and service industries. Ansal api Ansal Properties and Infrastructure Limited (APIL), promoted by the Delhi based Ansal Group, is one of the prominent real estate developers in Northern India. The Group, headed by brothers Sushil and Deepak Ansal, is engaged in developing integrated townships, IT cities and commercial and residential complexes. Ansal Group has been a major player in the real state sector in the country since 1967. It is now regarded as one of the top most real state group in the country. Sobha Developers Ltd. (SDL) formerly Sobha Developers Private Limited It is an Indian multinational real estate developer headquartered in Bangalore, India and engaged in the business of construction, development, sale, management and operation of all or any...
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...CHAPTER ONE GENERAL INTRODUCTION 1.0 INTRODUCTION There is no doubt that all organizations are established with the aim to achieving certain goals and objectives, by using human being who in turn manipulate other resources in order to achieve these goals and objectives of the organization. For the above-mentioned reasons the growth of steel industry (Turnkey project), should be an issue of interest, especially when katsina steel rolling company is faced with challenges of transforming into a dynamic residence It is through this that we can see the inter-connectedness of how effective management of employee can lead to achieving of objectives in the production sector, a case study of Katsina Steel Rolling Company which is a Turnkey project. Therefore there is need to understand how to use employee which at time leads to avoid employee discontent. Employee discontent manifest in so many ways, such as high labour turn over, minimal effort, high absenteeism, disruptive behavior, malingering, equipment breakdown and works stoppage, which causes low productivity. Therefore, the management had to enforce some strict measures of control. To lead human being indeed successfully one had to exercise some measures of control and authority. Successfully manager or leader must be one who stood above his followers and showered orders on them to obey. Leaders are those who decide for their men not only to do but how it should be done. Organizations today are much larger and both the manager...
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...products or services to meet the global needs in business. The Group choose AB smart industries a manufacturing company to understand the issues and need of change and how the change is managed and achieved Company Background: AB smart industries established in 1998 it is the only screw rivet producer in Bangladesh. AB smart industries is a manufacturing company which manufactures fasteners screws nails rivets clams etc Research Objective: -To identify the issue of organizational change -How OCM strategy will facilitate the company -Appropriate recommendation on how management could improve their response to the opportunities and threats associated with organizational change. Overview: Fasteners are screws, bolts rivets, nuts, washers, and pins etc. These are needed to assemble doors vehicle, machine, equipments even toys. From the most sophisticated space missile to the simplest of children's toys. Fasteners are usually needed in large quantities. These are produced by most countries in the world now. Because fasteners are highly standardized and are used in such incredible numbers, the markets of the more industrialized countries have become very attractive countries which are not highly industrialized yet. Fastening industries are flourishing very fast in Bangladesh; one of the flourishing fastening industries is AB smart industry. AB smart industry is trying to keep up with...
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...Historical Background Bangladesh Small and Cottage Industries Corporation (BSCIC) is a public sector enterprise with autonomous character entrusted with entire task of promotion and development of small and cottage industries in Bangladesh. It is the successor organization to the former East Pakistan Small industries Corporation (EPSIC) which was established by an Act of the parliament in 1957. Main role has been to assist the promotion of small manufacturing enterprises by- (a) developing infra-structural facilities for industry, (b) providing technical assistance and counseling services, (c) financing industries in the private sector and (d) setting up industries for which private investors were reluctant. Under the direct or indirect initiative of BSCIC a plenty of entrepreneurs has been created and enterprises has been set up in the country. But the influence of globalization and the free economy impacts upon the traditional manufacturing enterprises. This situation for marketing of small and cottage industries products is a major constraints facing by the sector. BSCIC is to provide facilities to the existing and new entrepreneurs to expand and develop their markets and to stay and sustain in the competitive environment. The definition of small-scale industry has undergone a considerable change in Bangladesh from time to time under government industrial policies. During the period 1957-65, small scale industry in Bangladesh (the then East Pakistan) stood for an...
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...organizations, lack of appropriate marketing strategies etc. are the major hindrances to the development of the SMEs in Bangladesh. In order to overcome the problems researchers have tried to provide some recommendations for the developments of SMEs in Bangladesh based on sound reasoning. Background of the Assignment Small and Medium Enterprises (SMEs) act as a vital player for the economic growth, poverty alleviation and rapid industrialization of the developing countries like Bangladesh. SMEs are significant in underlying country’s economic growth, employment generation and accelerated industrialization. Government of Bangladesh has highlighted the importance of SME in the Industrial Policy-2005. SMEs have been identified by the Ministry of Industries as a ‘Thrust sector’. As the SME sector is labor intensive, it can create more employment opportunities. For this reason government of Bangladesh has recognized SME as a poverty alleviation tool. SMEs also foster the development of entrepreneurial...
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