...Project Selection Not Areal Name University of Learning ClassNumber Date Project Selection The Project Management Office (PMO) task, per our company’s vice-president Wendell Deirelein, is to review Piper Industries Corporation’s upcoming project selection candidates to determine the best way forward for their production of the widget. In response to your request to evaluate the three projects, Juniper, Palomino, and Stargazer, we have developed the opinion that Juniper is the most beneficial project to undertake, in both monetary and reputational returns. Recommendation Reasoning We are performing the first “Initiate” step of the project process by identifying the stakeholders and naming and defining the projects at a broad level; we have not completed project initiation as we are also currently developing the feasibility study. When we complete this phase, we will have a list of requirements and full analysis of the recommended project. This memo is one part of the first step in the process, by which we provide our recommendation to proceed with a project line. Many considerations go into choosing the project to pursue beyond the financial benefits such as ease of production, customer support and satisfaction, and the level of risk acceptance. This careful consideration is not completely independent of project planning. Identification of the key deliverables necessary project success is part of that second step, known as the “Project Planning” phase. Key Deliverables ...
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...Project Selection and Risks Miguel Rodriguez Project Management Integration Framework BA647 Grantham University Project Selection and Risks Project selection and project risks go hand in hand. Choosing or even not choosing a project, can create risks. Projects are designed to allow organizations to either develop something new or to improve on something already in place. Any given organization can have many good projects that can improve its products, but if the organization is lacking a good project management program and/or has a meager project portfolio, then project risks becomes an even bigger issue. The process for selecting projects can create several project risks; such as having too many projects with limited funds/resources, unforeseen external risks, inadequately trained staff, and multiple of unforeseen problems, causing changes and delays to the project. Some of these examples I just mentioned, can be avoided or minimize with a good project management program. This paper will discuss some of the things a good project management program would include. The overall purpose of a project management program is to help in identifying the unknown risks and to help minimize the known risks. “Without adequate analysis of projects, no one has much idea of what “going right” looks like, so it is not possible to identify and manage the risks – the things that may go wrong” (Kendrick page 20). Even with this knowledge, some organizations at different levels...
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...PROJECT SELECTION/ PROPOSAL FORM Date: May 19, 2013 Project Title: Wellness Program for the Boys and Girls Clubs of Anytown, USA Responsible Manager: Project Manager: Week #2: Week #3: Lawinda Week #4: Lou Week #5: Steve Week #6: Bob Week #7: kim Week #8: Kim Yes ☒ No ☐ This project will take more than 500 labor hours? Yes ☐ No ☒ This project is a one-time effort (will not occur on a regular basis)? Project Type: ☐ Technology | ☒ General Support | ☐ Quality | ☐ Legal | ☐ Market Share | ☐ Process Change | ☐ Cost Reduction | ☐ Replacement | ☒ Customer | ☐ New Product | ☐ Capacity | ☒ Other | Project Definition: We are going to develop a Wellness Program for the children serviced at ten (10) local Boys and Girls Clubs in Anytown, USA. The concept of our project is to have the serious issue of Childhood Obesity addressed and to encourage children to make healthier decisions within their own lifestyle. Our mission will be to align our goals with the Boys and Girls Clubs of America’s goals. Those goals are: to provide children life enhancing programs and character development experiences, giving children a safe place to learn and grow, develop ongoing relationships with caring adult professionals, and to provide hope and opportunity. Goal Definition: Our goal is to implement a wellness program using the management of the Boys and Girls Clubs and to have the management roll this program out to the...
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...H A P T E R 3 Project Selection and Portfolio Management Chapter Outline 70 Project Management: Achieving Competitive Advantage, Second Edition, by Jeffrey K. Pinto. Published by Prentice Hall. Copyright © 2010 by Pearson Education, Inc. 000200010270649984 PROJECT PROFILE Project Selection Procedures: A Cross-Industry Sampler INTRODUCTION 3.1 PROJECT SELECTION 3.2 APPROACHES TO PROJECT SCREENING AND SELECTION Method One: Checklist Model Method Two: Simplified Scoring Models Limitations of Scoring Models Method Three: The Analytical Hierarchy Process Method Four: Profile Models 3.3 FINANCIAL MODELS Payback Period Net Present Value Discounted Payback Internal Rate of Return Options Models Choosing a Project Selection Approach PROJECT PROFILE Project Selection and Screening at GE: The Tollgate Process 3.4 PROJECT PORTFOLIO MANAGEMENT Objectives and Initiatives Developing a Proactive Portfolio Keys to Successful Project Portfolio Management Problems in Implementing Portfolio Management Summary Key Terms Solved Problems Discussion Questions Problems Case Study 3.1 Keflavik Paper Company Project Profile Case Study 3.2 Project Selection at Nova Western, Inc. Internet Exercises Notes Chapter Objectives After completing this chapter you should be able to: 1. Explain six criteria for a useful project-selection/screening model. 2. Understand how to employ checklists and simple scoring models to select projects. 3. Use more sophisticated...
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...ENGSCI 9510 Engineering Planning & Project Management Assignment # 1 Start Date: All course sections May 12 at midnight in the WebCT assignment area Due Date: All course sections May 19 at midnight in Owl Assignment box. Question 1 value = 2.5; Question 2 value = 2.5; Question 1 – Project Selection – consider the following Case Study: Limiting your answer to 1.5 pages single spaced, answer the three discussion points above, touching upon arguments made in our notes, in class, and from forming your own opinion. Question 2 – Network Diagrams – Building the Grad Club @ UWO Activity a. Rough in walls b. Build the bar c. run HVAC d. rough in electrical e. complete flooring f. get licenses g. install fire alarm h. deliver kitchen equip i. exposed ceiling reviews j. build stage k. sound system Preceding Best activity A Likely M Worst Time est. B te =(A+(4M)+B)/6 - 10 15 4 6 12 12 12 15 20 a 7 12 15 e 9 9 42 c,d,e 13 17 19 e,f 5 10 15 c,g 11 13 20 g,h 12 13 16 j,i 8 12 σTE = SQRT(Σσ*te^2 ) 30 b,c σte =(B-A)/6 11 - Variance 27 a St. Dev 22 A. Identify the critical path B. Identify the slack for each element C. Identify the most and least sensitive element D. Identify the predicted project duration E. If Z is the probability of meeting schedule duration found in the statistical...
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...Re: Proposing a Project Portfolio Evaluation and Selection Process Executive Summary Taking into account the poor performance of our current projects due to a weak portfolio management process in place, the Operations SBU has come to the determination that if we are to move forward in accommodating new projects along with our existing ones, the current system must be reviewed and redesigned for better decision-making. This proposal defines a framework for project portfolio evaluation and a project selection for adoption and it elaborates on the two phases that involve project screening, selection, prioritizing and balancing. More emphasis is given to the project selection criteria and score model as this is the main area where the gap of knowledge has been identified. Rationale Our recent organizational determination to sustain by controlling costs and expanding our frontiers shall require much effort from all our SBUs and most importantly, it is crucial that we are able to incubate a proper process that shall boost good decision-making and mitigate conflicts when we come to screening multimillion dollar projects and implementing them as part of our operations. The said process shall be about evaluating our project portfolio and devising a methodology of selecting specific projects with the highest probability of helping our company achieve its strategic goals and fulfill our mission. From the Operations SBU perspective, the implementation of new projects without proper categorization...
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...Project Selection Method and Flowchart for a Project OPS/TM571 October 31, 2011 Project Selection Method and Flowchart for a Project My organization has a handful of customers, but because the product in the field is still immature, I receive a lot of support issues that need almost instant response on root cause analysis. These issues usually come through email or phone calls from the sales engineers. The steps I follow are, once the issue comes through an email or phone, I file a defect in the defect tracking system with the information at hand, and then the issue goes to engineers to reproduce and perform the root cause analysis. After that, the priority is to find the workaround for customer, provide the feedback in email and wait for customer response on the workaround, in some cases, the customer needs issue fix in the product and that request goes through the product management. I would like to streamline this process, because the email communication for the issues is very confusing and time consuming. Project Selection Method to Evaluate the Process Improvement List of problems: 1. Issues coming through emails do not have enough information about the issue itself, such as platform, configuration, customer setup, priority of issue, frequency of issue. 2. The sales engineers do not file any issue in the defect tracking system and email directly to engineers many a times for customer issues. 3. The emails have multiple issues under one subject matter...
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...NEW DELHI SUMMER PROJECT REPORT On THE STUDY OF SELECTION & RECRUITMENT PROCESS IN DLF PROJECTS LTD. & ITS EFFECTIVENESS FOR THE PARTIAL FULFILLMENT OF THE REQUIREMENT OF MASTER OF BUSINESS ADMINISTRATION SUBMITED BY SATYAPRAVA MANTRI M.B.A II SEMESTER 2010-2012 CERTIFICATE Certified that this project report “The study of selection & recruitment process in DLF Projects Ltd. & its effectiveness” is the bonafide work of “Satyaprava Mantri” who carried out the project work under the supervision of Mr.Sanjay Bharatwaj. SIGNATURE Mr.Sanjay Bharatwaj DECLARATION We hereby declare that the following project titled ‘Study of selection & recruitment process in DLF Projects Ltd. & its effectiveness’ is an authentic work done by me. This is to declare that all of the work indulged in the completion of this Project Report such as research, competitor analysis, and data collection is profound and honest. This report is submitted in partial fulfillment of the requirement for the degree of Masters of Business Administration (MBA) in IILM Business School, New Delhi. We have not submitted the project report for any academic purpose elsewhere. Satyaprava Mantri ACKNOWLEDGEMENT I owe a great thanks to many people who helped and...
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...COURSE PROJECT TOPIC SELECTION BY BETTY TAYLOR INTRODUCTION TO SOCIOLOGY SECTION 13 DR.NUTAN MISHRA This research paper is being submitted on January 11, 2014 by Betty Taylor for Introduction to Sociology. The social construction of sexual orientation is of interest to me due to the fact that this has become an issue in society. Throughout time more and more people have been more straight forward with their sexual orientation and in some areas of society have not been accepted for who they are. I myself have had this issue and actually lost a job due to it. The social construction of sexual orientation is based on the symbolic-interaction theory and conflict theory. It is mostly based on the conflict theory due to the conflict it has caused in many areas throughout society. Sociological theories of suicide has had a great impact on many lives throughout time and some of these suicides does affect society as a whole, especially when it is someone who is well known or famous. Every day there is a suicide that takes place in every state or community. There are many different theories to why suicide takes place but in reality no one can really say why someone feels the need to take their own life because with each individual there is always a different motive to it. A sociological theory of suicide goes with both the conflict theory and the symbolic theory because of the kind of impact it has on other people lives. The purpose of poverty in America was one that I found...
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...MDSE 3750 Consumer Studies Semester Project Objectives: * To provide students with the opportunity to apply course concepts and ideas to a specific brand/product * Develop your team building, * Refine time management skills, * Apply written and oral communication skills. Procedures: Groups and Brand Selection 1. Groups of three people will be formed. You will have a window of opportunity to select your own group; students not selecting a group will be placed in one. * Sign-up Deadline: Midnight, September 24 * All student not in a group by the time Dr. Kinley logs on September 25 will be placed into a group. 2. You will be asked to select a brand (of product or store) to focus on for the semester. 3. Once groups are formed, students will submit their “top 3” list in the Bb Discussion Board, which will open on September 25. Dr. Kinley will make the final selections for each group. Your Top 3 should be in order of preference. **** NOTE: This discussion board will be in the “Discussion” menu-item on the left-menu of Bb. DO NOT POST YOUR PREFRENCES IN YOUR GROUP DISCUSSION BOARD. Project: After the brand/product is selected, your group will focus on that specific product and relate it to all concepts we discuss in class. Your team will keep a running wiki of how each chapter’s materials relate to the product (starting with Text Chapter 3). In some chapters, there will be more to discuss than others. Your...
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...Project Selection The total budget allocated for the project selection is $24 million dollars of funding uniformly spread over the next year and the projects selected are Project Europa, Project Call Center and Project Ordering Upgrade. Project | Budget | Project Europa | $11.8 million | Project Call Center | $8.5 million | Project Ordering Upgrade | $2.5 million | Total | $22.8 million | The company currently has no cruise ship in the Europian region and since the Mediterranean cruise ship industry is booming then this will serve as a business expansion for the company. This project is a major money maker for the company as it will yield the net present value of $15 million dollars in seven years. The project will be outsourced, where the primary cost is $11 million and the operating cost is $500,000 per year. The company has no call center which hinders their customer satisfaction. Project Call Center will beneficial for the company. The project will bring computerization to the compliant filing procedure, and it will save time, because the existing processing time is four to eight hours. The project calls for $8.5 million dollars to be spent in two quarters in the nest year, so again the biggest of this project will be outsourced. The company’s goal is growth by 10%. This growth can be attained as the company emphasis on the key business, and the employees time linked with the compliant processing will be reduced. The target to increase customer service...
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...Understanding how goals of an organization and the roles of its stakeholders affect the selection process of an information system is vital to the success of that project. To ensure the execution of this task as well as its organization, efficiency, and accuracy, key leaders join creating a team of professionals ready for implementing change (Wager, Wickham Lee, & Glaser, 2009) . Learning how to select and acquire an information system, goals that should drive it and the roles of stakeholders is imperative to keep the project from failing. Selecting and Acquiring an Information System The process for selecting and acquiring an information system begins when the benefits of the current system no longer outweigh the cost to maintain it (Wager, Wickham Lee, & Glaser, 2009) . A general process most organizations use to select and acquire a new information system is the “systems development lifecycle” (SDLC). This system consists of four phases, which are planning and analysis, design, implementation, and evaluation (Wager, Wickham Lee, & Glaser, 2009) . Phase one in this process is the, planning, and analysis phase. The focus is to identify the organizations current information systems in an effort to define specific areas that may need improvement. The second step in this process is the, design phase. During this phase, the team decides the most appropriate route for establishing the project financially, settles on a specific information system, finalizes negotiations with...
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...University of Phoenix Material Conflict Management Plan 1. Identify the available conflict management strategies and their strengths and weaknesses. |Strategy |Strengths |Weaknesses | |Interests |Making sure that everyone |Saving time and energy | | | | | | |In order for future things to be done try |Not sharing ideas and thoughts among one | |Collaboration with each other |to get along with individuals. |another. | | | | | | |Try to accommodate solutions before |Avoiding issues that needs to be brought to | |Avoiding |avoiding situations |attention | | | | | | |Meetings at some point when information is |Not being open about situations...
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...University of Phoenix Communication Plan 1. Select the most appropriate channels to communicate the change to the employees, and explain why you selected these channels. Communication Channels | Rationale to your selection | Initial Meeting | -Allow everyone introduce themselves -Build some trust and rapport-Networking-Will be face-to-face-Will be a onetime meeting | Project Meeting | -Meeting will be weekly-Face-to-Face or Conference Call-Review the status with the team | Project solutions Meeting | -Meeting will occur as needed-Discuss project barriers and solutions-Develop and implement of new programs or projects-Will be face-to-face | Monthly Status Meeting | -Will be face-to-face or conference call-Report the status to upper management-Well occur monthly | Monthly Reports Meeting | -Channel will be thru email, fax, or memos-Will go over reports such as; cost, issues, and progress | 2. Identify the potential barriers to effective communication and strategies for overcoming the barriers. Potential Communication Barriers | Strategies to Overcoming Barriers | Information Overload | -Listed above are a lot of meetings and employees will get overwhelmed with information that is important? - A solution for this is to have an employee take notes for each department and send them in an email for referencing. | Communication Apprehension | -Some employees may not be comfortable in a face-to-face or with written information. -A solution for...
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...property, and even fixed interest securities which are subject, among other things, to inflation risk. It is indispensable for project investors to identify and manage the risks related to the investment. Investment Management Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g. mutual funds or exchange-traded funds). The term asset management is often used to refer to the investment management of collective investments, while the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management often within the context of so-called "private banking". The provision of investment management services includes elements of financial statement analysis, asset selection, stock selection, plan implementation and ongoing monitoring of investments. Coming under the remit of financial services many of the world's...
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