...Name: Hrushikesh S Datar ID: 10320626 Assignment: Project management analysis report. Introduction: Project management is an important department in an organisation. Project manager is a sort of connecting link between senior and junior level management. A project management means a process of planning, managing resources and working together to achieve a common goal. Furthermore, Project management includes five steps of system development life cycle i.e. initiation, planning, controlling, closing and development. (Project_management) Definitions: A project management can be defined as “A process of planning, monitoring, control and reviewing projects by using principles and techniques.” (http://www.businessdictionary.com/definition/project-management.html) “A phenomenon where definition, control, planning, deployment and monitoring comes together to get a common benefits is known as project management.” (Definitions.asp) “A project management is a summation of all models and methodologies which needs individual task completion.” (www.actano.com/20911_EN-What%B4s_new-Glossary.htm) PMBOK categories for effective project management: A project undertaken by well known university in New Zealand is to design and develop complaint management system for students in a university. Project Overview: A university is developing online complaint management system in which students can lodge their complaints on a portal created by university and connected to the website of the...
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...Analysis of the components of project portfolio management and impact on project managers. Introduction Organizations with mature portfolio management practices have higher rates of resilience to overcome business challenges (Rise above the competition with portfolio management, no date). Project portfolio management (PPM) is a centralized management of practices, processes, methodologies and measuring techniques used for strategic pipeline flow, project prioritization, change management, resource management, portfolio evaluation and risk management. The objective is to ensure that the strategic business objectives such as revenue growth, cost reduction, regulatory mandate, business continuity, among others, are achieved. Key Components of project portfolio management Strategic pipeline flow. This component includes the processes of screening of project proposals and funneling them through the portfolio. Proposals which are developed from the agreed business strategies are screened and selected to go to the next phase of business case development. The business case is then examined and validated by all the relevant stakeholders and possibly external consultants. A decision is followed to include the project in the portfolio with a predetermined resource and timeframe in line with the strategic plan. The projects in the portfolio are monitored and assessed periodically whether they may continue, differ or stop based on their reported performance by the project team...
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...Critical analysis of the Clift Village Shopping Centre Project management plan 1/31/2011 Executive Summary This paper has been prepared to critical analyse the project management plan (PMP) of the Clift Project Village shopping centre barrier guard upgrade. The shopping centre multistorey car park was audited by its public liability insurer and they deemed the perimeter barrier fence not compliant to Australia standards and a danger to the public, the fence had to be replaced with a complaint fence. TJA Industries was approached to fix the problem which it completed with an Ingal anti-climb system with an integrated car barrier. The paper discuss the need and justification of the PMP for this construction project, areas that are discussed further in this paper are the audiences of the PMP and why they need to sight the PMP, the major stakeholder, the project owner (Village Investments) is found to be the main audience for this projects as the project owner needs to approve the PMP for the project to continue. In the last section of the body of the paper, it identifies the PMBOK guide as the base of the structure and contents of the PMP, it identify the PMBOK’s nine functions of project management are in the Clift’s PMP in some way with the major function having a lot more detail put into them. The major functions discuss were scope, time, cost, HR, quality and procurement management. One major lesson to be learnt is in the HR management plan with the stakeholder analysis...
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...An analysis of stakeholder management in Project Management of the Tianjin Binhai airport expansion “Phase II” Yuan Aiying 2025888 Dissertation submitted in partial fulfillment for the degree of Master of Science in Management University of Stirling August 2012 Abstract This dissertation aims to evaluate the stakeholder management of the Tianjin Binhai airport’ Phase II project which started in the 2009 and is predicted finishing in 2014. Through gathering the perspectives and expectation of five stakeholders for this project: the Tianjin Binhai airport‘s top manager, the project manager, Civil Aviation Administration of China, the airport internal staffs and passengers, the strengths and weaknesses of the stakeholder management in the Phase II project management. The strengths mainly reflect firstly, the good understanding of the airport managers and staff for the demands of the passengers and combine effectively these demands in the design of Phase II project. Secondly, all estimated stakeholders support and expect good return for the project. Moreover, thirdly, they reach an agreement for the long plan of the airport operation. On contrast, the weaknesses include firstly, some staffs have negative mood for the project and there is poor cooperation between airport different departments. Secondly, both the predication for the airport operation and the identification of the largest shareholder between two stakeholders are different. For the definition of the...
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... This document is prepared for the purpose of scope management and financial data analysis for investment decision making. URP consultant is hired by New Jersey department to do projects analysis. The project chosen is Project IHTRHU. Collection of data, detailed analysis, findings and conclusion method has been conducted in providing comprehensive report. However, some data is limited and assumptions are made for sensivity analysis purpose. There are three significant findings based on the scope management plan and financial analysis conducted. On the scope management plan, it has been found that the tracking and monitoring of performance report was lacking as expert advice was not consulted and project scope was not well defined. Findings revealed that among the three projects, Project IHTRHU is the best project due to highest positive NPV rates based on the financial analysis. The discussion analysis comprises IRR, discounted rate, hurdles rate, cash flow, inflation and interest rate for the sole purpose of investment returns. As observed the scope management plan is overall good. Recommendation for improvement on report and tracking performance can be enhanced in avoiding delay and mitigate risk. Also, various financial methods has been used to determine quick cash flow returns. Calculation on NPV is the best recommendation provided based on the exclusive mutually project factor as well as financial analysis views concluded from scholars. ...
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...function. PGCB was incorporated in November 1996 with an authorized capital of BDT 10 Billion. PGCB entrusted with transmission assets from Bangladesh Power Development Board and the Dhaka Electric Supply Authority (in present DPDC). It has paid up capital 3643.58 million BDT Turnover in 2008-2009: 5713.83 million BDT Transmission Line as 30.06.2009: 230 Kv – 2644.5 circuit km 132 Kv – 5607.6 circuit km Manpower as on 30.06.2009: 1932 Nos. 1.2 Identification of the Problem Book Value per Share is the accounting value of a share, equal to common equity divided by the number of shares outstanding. Market value is current price of the stock. If the profitability, liquidity, asset and debt management is good market value will probably be as high as can be expected. From the analysis of five years data we will try to find out the problems and reasons of changes in the Market value of from the price of Tk. 250.00 per share at the beginning of 2005-2006, to Tk.782 .25 at the end of 2008-09. Initially the book value of the share of the company is Tk. 185.67 per share and at the year 2009 it become 390.01 So from the data it is evident that the Market value is substantially greater than the book value. So we can say for our concern company that, Market value > Book value So this is good news for company. So, Company is enjoying a healthy financial status. In our report we shall diagnose all the data and we shall established the...
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...Applying Risk Management Table of Contents 1 Introduction 2 2 Aspect 1: Risk Analysis 2 3 Aspect 2: Risk Monitoring and Control Stage 3 4 Conclusion 5 5 Reference 6 1 Introduction In our attempt to cover all areas of the Risk Management process within such a small time frame, some areas of this Project Management principal were briefly covered or overlooked. In my opinion the following two key aspects could have been better managed by our group towards the contribution of the final presentation: • Risk Analysis Stage within the Risk Management Cycle (Refer to Figure 1 and 2) and, • Risk Monitoring and Control Stage (Refer to Figure 1 and 2). 2 Aspect 1: Risk Analysis In our final video submission we specifically focused on one of the two methods used to undertake Risk Analysis, which was qualitative. The qualitative approach is the most used method due to its usually rapid and cost effective means of establishing priorities for Risk Response Planning (PMBOK,2004), thus the reason for our focus. But there are two problems with this approach first their meaning can be widely interpreted and secondly you cannot do much with them except to have biased rules about combining them and taking this as an indicator of the overall significance of the risk.(Department of Commerce, 2004) The Quantitative method is the other technique used in Risk Analysis which was only briefly mentioned in the final presentation due to reasons discussed...
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...Silver Fiddle Construction Risk Management Plan Silver Fiddle Construction Grand Junction, Colorodo (770)468-7414 Sullivan8286@hotmail.com 2/6/2013 Joshua Sullivan Unit 6 Assignment 1 Risk Management Plan (Final Course Project) Assessing and Mitigating Risk Instructor: Denise Eggersman Version # | ImplementedBy | RevisionDate | ApprovedBy | ApprovalDate | Reason | 1.0 | Joshua Sullivan> | 02/03/2013 | <Bolo and Isabella Czopek> | <02/08/2013> | Initial Risk Management Plan draft | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TABLE OF CONTENTS 1 INTRODUCTION 1 1.1 Purpose Of The Risk Management Plan 1 2 risk management Procedure 1 2.1 Process 1 2.2 Risk Identification 1 2.3 Risk Analysis 1 2.3.1 Qualitative Risk Analysis 1 2.3.2 Quantitative Risk Analysis 2 2.4 Risk Response Planning 2 2.5 Risk Monitoring, Controlling, And Reporting 2 3 Risk Management Plan Approval 2 Conclusion 3 APPENDIX A: sWOT ANAYLSIS 4 APPENDIX B: RISK MATRIX …………………….............................................5 APPENDIX C REFERENCES……………………...............................................6 Introduction Purpose Of The Risk Management Plan * A risk is an event or condition that, if it occurs, could have a positive or negative effect on a project’s objectives. Risk Management is the process of identifying, assessing, responding to, monitoring, and reporting risks. This Risk Management Plan defines how risks associated with the Silver...
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...on Software tools available for project management to help managers to use quantitative analysis Project Management: A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. And a project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. So a project team often includes people who don’t usually work together – sometimes from different organizations and across multiple geographies. The development of software for an improved business process, the construction of a building or bridge, the relief effort after a natural disaster, the expansion of sales into a new geographic market — all are projects. And all must be expertly managed to deliver the on-time, on-budget results, learning and integration that organizations need. Project management, then, is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It’s a strategic competency for organizations, enabling them to tie project results to business goals — and thus, better compete in their markets. Microsoft Project has a qualitative risk analysis methodology capability But what about quantitative cost and schedule risk analysis? Quantitative risk analysis gives the project manager the ability to see how a project schedule will be affected if project risks become issues. As a result of this insight, project managers is implement risk responses...
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...GenRays Matrix Template Project Management Knowledge Areas|Recommended Tool(s)|Justification for Tool| Project Integration Management | Expert Judgment|-PM Plan is Formal, single document, approved (becomes officially the project plan. It defines how project is executed and controlled. Scope, schedule, and Cost, Change, and Configuration Management plans are created in this process and are part of the PM plan- Scope Management plan is developed here as well.| Project Scope Management | -Interviews -Focus Groups -Facilitated Workshops -Group Creativity Technique -Group decision making techniques -Questionnaires and Surveys -Observation(Job Shadowing) -Prototypes| Facilitated Workshops examples: JAD and Quality Function Deployment Group Creativity Technique examples: -Brainstorming -Nominal Group Technique: enhances brainstorming with voting process -Delphi Technique-Idea and Mind Mapping -Affinity Diagram: large numbers of ideas to be sorted into groups Group Decision making technique -Unanimity: everyone agrees on single course of action -Majority: support from more than 50% of the members of the group -Plurality: the largest block in a group decides even if a majority is not achieved -Dictatorship: one individual makes the decision for the group| Project Time Management| -Bottom- up Estimating -Expert Judgment -Alternative Analysis -Published Est. Data -PM Software| Bottom-up estimating: Breaking down complex activities into pieces. -Published Est. Data: Published data as...
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...The Impact of Project Portfolio Management on Information Technology Projects Sergio Ricardo Calderini London Business School Regent’s Park, London NW1 4SA, United Kingdom e-mail: scalderini.mba2004@london.edu Bert De Reyck London Business School Regent’s Park, London NW1 4SA, United Kingdom Tel. +44 20 7706 6884; Fax. +44 20 7724 7875; e-mail: bdereyck@london.edu Yael Grushka-Cockayne London Business School Regent’s Park, London NW1 4SA, United Kingdom Tel. +44 20 7262 5050; Fax. +44 20 7724 7875; e-mail: ygrushka.phd2003@london.edu Martin Lockett Ashridge Berkhamsted, Hertfordshire, HP4 1NS, United Kingdom Tel. +44 1442 841025; e-mail: martin@mlockett.com Marcio Moura London Business School Regent’s Park, London NW1 4SA, United Kingdom e-mail: mmoura.mba2004@london.edu Andrew Sloper CVC The Customer Value Company 48 St Mary's Road, Long Ditton, Surrey KT6 5EY, United Kingdom Tel. +44 7768 861920; e-mail: andrew.sloper@customervalue.co.uk February 2005 Ashridge Business School UK - http://www.ashridge.org.uk The Impact of Project Portfolio Management on Information Technology Projects Abstract The ever-increasing penetration of projects as a way to organise work in many organisations necessitates effective management of multiple projects. This has resulted in a greater interest in the processes of project portfolio management (PPM), with more and more software tools being developed to assist and automate the process....
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... | |5.0 |Suggestion/Recommendation | 7 | |6.0 |Conclusion |8 | |7.0 |References | 8 | 1.0 Introduction The title of this journal is Organizational Learning Practices in the Project Management Environment. The author is Timothy G. Kotnour from University of Central Florida, Orlando, Florida, USA. This journal focuses on understanding how project managers continuously improve their project quality and performance by building knowledge through learning. Beside that, for the project organization to learn, organizational members must create, share and apply knowledge. The organizations members will create new knowledge for learning experiences. Learning-by-doing occurs when a problem solver associates plans and actions to accomplish...
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... Situational Analysis Product/Service Description SWOT Analysis Competitive Analysis Environment Analysis Consumer Analysis References 2 Fast Track Project Management Solutions(FTPMS) co-own by Sameh Mansour and Syed Sheeraz Ali, is the name of providing you the complete solutions from scratch to completion of your projects, managed successfully within the limit of your company’s business objectives. FTPMS has launched IPM (Integrated Project Management) Tools which have a unique capability to plan Time, Cost, Resources and Risks together enabling every project members to keep themselves focussed on their decisions required in the favour of the project and a close eye on performance indicators, forecasting and projected cash flows. FTPMS offered the following core consulting services: Design and implement the Integrated Project management (IPM) tools to manage and deliver successfully the projects of any type or size. Consulting services for developing the complete Management Control System(MCS) including design, implementation & audit the meeting effectiveness, workers shift management, document control, planning monitoring & controlling the projects. Supply of interim management services. In-house training courses delivered to companies for their own project management requirements. 3 Most of the time, construction industry faces three main challenges, lacking of productivity, low level of agility and lack of efficiency of collaboration between...
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...(UMD) PhD, Project Management│Current GPA 3.67/4.00 College Park, MD Expected May, 2019 College of Ship Engineering, Harbin Engineering University (HEU) Harbin, China M.S., Naval Architecture & Marine Engineering│GPA 3.75/4.00 Sept.2012 ~ Jun.2014 Awards: China National Scholarship; Merit Student in Heilongjiang Province (Top 5/180). College of Ship Engineering, Harbin Engineering University (HEU) Harbin, China B.S., Naval Architecture & Marine Engineering│GPA 3.65/4.00 Sept.2008 ~ Jun.2012 Minor, Business Administration│GPA 3.53/4.00 Sept.2010 ~ Jan.2012 nd Awards: Graduation with Honors, Merit Student, 2 Class Scholarship and etc. (7times). PROFESSIONAL EXPERIENCE PROJECT EXPERIENCE Scheduling Modeling & Coordination Mechanism Based on MAS for Marine Equipment Project Researcher│China Natural Science Foundation Project Jun.2013 ~ Jun.2014 Built scheduling model and coordination mechanism based on Multi-agent System (MAS) theory. Developed a collaborative scheduling system using Oracle database and MyEclipse. Designed Improved Genetic Algorithm (IGA) for multi-objective scheduling under resource conflicts. Information Management Technology of Jack-up Drilling Platform Construction Analyst│China National 12th Five-year Plan Major Scientific Project Mar.2013 ~ Jun.2014 Collected, organized and summarized data and materials and made presentation for review meetings. Made needs analysis for scheduling and cost management. Construction...
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...Quality Management includes the process in which determines the quality policies, objectives, and responsibilities performed so that the project will satisfy the needs for which it was undertaken. Implementation of the policies and procedures within the project’s context will ensure that the project and product requirements are met and validated (PMI, pg 227). It is also the ability to plan and control quality and performs quality assurance. If you include these processes in your Project Quality Management process, your will improve the quality of your current and future projects. The first process of Project Quality Management understands the scope and deliverables of the project. In order to give high quality to your customer or stakeholders, you must know their expectation of the service or product. The basic approach of quality management is compatible with ISO International Organization for Standardization quality standards. Every project should deliver quality to which a set of inherent characteristics fulfill requirements with a grade as a design intent assigned to deliverables having the same functional use but different technical characteristics. The project team will need to apply appropriate levels of accuracy and precision for use in the quality management plan. Applying ISO compatibility to quality management, you will need to take the approaches below: • Customer satisfaction –Customers expectations are met (PMI, pg 229). • Prevention over inspection...
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