...Eletromax Project Management By Name Instructor Institution Date of submission Eletromax Project Management Part 1 Importance of scope Statement to the Success of a project Given that the project plan is referred to as the foundation of a successful methodology of project management. Then many argue that scope statement of any given project is the breath of any successful methodology of project management. Scope statement is of great importance as it contains details relating to the project vision. It plays an important role of describing the goals of the project, keep a record of what a complete project will be like and finally the deliverables of the project. It is very unfortunate that most of the project stakeholders tend to pay little attention to the process of developing scope statement of a project in question. Another very alarming issue relating to scope statement is that, most of the project managers tend to be very dedicated in developing the scope statement of a project but rarely do they pay attention to the scope developed as they go about their duties of implementing the project plan. For the scope statement to be of great importance to the successful implementation of the project plan, the manager of the project needs to keep on referring to the scope statement so that he/she can ensure that the project implementation is in line with the initial vision and objectives (Edward 1975). The scope statement is used to define the project requirements...
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...The team's project charter, developed through individual team efforts and team collaboration, should be submitted by all team members in their individual assignment area, u05a1. Each team member must also attach a separate document in that same submission that briefly describes his or her specific contribution to this assignment. The instructor will evaluate this assignment using the Project Charter Scoring Guide included in the Resources list below. In this first team assignment, the team will submit a project charter that details: The goal of the project. Conduct research to expand NewwDeal into three key areas: Mobile Applications, Wireless Security, and Cloud Computing. The intended business impact. Business Impact is: The consequences to the business (financial, reputational or operational) that could result Increased market share Customer Satisfaction The team members and their roles. For Week 5, team 3 member roles are: Mark Wetzbarger – Group Lead / PM Marlowe Jones – Deputy Lead / PM & Research Coronda Wilson - Complier Sudharma Thikkavarapu - Researcher Latoria Wilson - Researcher The scope of the project. http://www.tutorialspoint.com/management_concepts/project_scope_definition.htm http://searchcio.techtarget.com/definition/project-scope Should we have a scope statement, vice a scope in terms of time & money? Thoughts? The estimated cost. SWAG @ $100,000 The schedule, including the major milestones and a...
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...Business Project Management MODULE 26340 Module Leader: Dr Ashish Dwivedi Submission date: Monday 02.02.09 Describe the main phases of the project lifecycle. Critically discuss where in this lifecycle failures may occur and explain how effective project management might reduce their likelihood. 1.0 Introduction Projects are being born all around us and can be found in every facet of life – they can range from say the relatively simple task of organising and executing a dinner party to mega projects such as the construction of the Channel Tunnel. This paper aims to investigate some fundamental questions relating to the make –up of the project lifecycle, failures that can occur within it and the effect that good project management has on delivering project success. 2.0 Describe the main phases of the project lifecycle. By implication, whether it be a dinner party or the complex development and construction of the Channel tunnel, the ‘project process’ follows the same route and to this end definable stages can be assigned to the task – these stages are referred to in combination as ‘the project life cycle’. As such the project life cycle, according to the PMBOK (2004), “defines the phases that connect the beginning of a project to its end” (2004, 19). Each of these phases can be referred to as a primary phase and they can be managed independently of each other. At this point, Baynon- Davies (2002) concurs with the PMBOK, advocating that each primary phase can then be broken...
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...Project Risk In (Gido & Clements, 2009) risk management involves identifying, assessing and responding to project risks in order to minimize the likelihood and impact of the consequences of adverse events on the achievement of the project objective. (p.88) Risk Factors that Janis did not fully address at the start of the project are as follows: • Project Performance Evaluation o Planning and scheduling of activities o Forecasting or resource requirements o Evaluating the projects performance at key milestones Janis moved the finish date up 6 months without all of the information or input from all parties involved in the project. In addition after reviewing project schedule it is clear that Janis’s finish date set at the end of 2009 was unrealistic. • Communication: tracking performance of a project goes hand in hand with effective communication. o Communication Plan o Conflict Resolution Plan Janis did not include key players in the communication chain. • Technical o Equipment required o Equipment installation o Input from facility staff Again Janis did not ask for input from technical support. • Cost – can be effected by o Material Shortage or Labor Problems Lack of proper scheduling, communication and technical information leads to cost problems in one form or another. Janis could have improved the project’s success with proper planning and performing qualitative risk analysis. As stated in (Kerzner, 2003) the risk level of the project must be...
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...Human Resource Management and Project Management Throughout this paper I will be discussing Human Resource Management principles compared to Operations Management principles, Project Management principles compared to Operations Management principles, and the importance of professional service organizations in standardizing a profession. Human resources management evolved from the task-oriented nature of personnel administration in the 1980s and 1990s to a strategy-focused extension of the organization in the 2000s (About SHRM, n.d.). HR management is driven by several business principles, particularly the "Ten C" collection of HR management principles developed by HR management expert Alan Price, author of "Human Resource Management in a Business Context." Price's 10 principles are "comprehensiveness, credibility, communication, cost effectiveness, creativity, coherence, competence, control, change and commitment (About SHRM, n.d.)." Based on these principles, they seem to tie directly in to the same principles as Operations Management. In Operations Management you have to have credibility to be effective in your role, communication is a must to make the business run smoothly and properly, you would need to be cost effective so that your business is being profitable, many times you need to be creative in completing tasks to get to your final objective, you need to be competent in what you do, have control over all complications that may arise, be open to change, and be...
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...Case Study 1: Prioritizing Projects at D.D. Williamson HRM 517 – Managing Human Resource projects Strayer University June 21, 2013 What was the Prioritization Issue at D.D. Williamson? In the case study of D.D. Williamson, it appeared the organization was successful in many ventures, but lacked the ability to manage certain projects. In fact, critical projects that required attention were left to the waste side, and as a result lead to missed opportunities, or resulted in going over the allocated budget. Within the organization of D.D. Williamson, there appeared to have been a breakdown in communication, which blinded the organization in determining projects that needed the most attention. Through the process of the organization’s investigation, which took approximately three years, leaders realized the they had no accurate system in place for marking the level of importance in each of their projects. In researching the writings of Kloppenborg, Nkomo, Fottler, and McAffee (2012), D.D. Williamson would have benefited from utilizing a project management team, whom would have identified the scope of the project, cost, and taken ownership of the schedule from start to finish. D.D. Williamson would have benefited from having developed a well-rounded project team, or several teams could have managed each project independently. Furthermore, each team could have managed the project based on the urgency of each project, the cost, and the practical details concerning...
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... Lillie Nephew Service Process Management The workplace that I work at is a federal grant program, with about three hundred employees. The problem that we are experiencing is lack of communication with the employees from the administration department that the whole program is suffering and causing a decrease in production. Today companies are trying to make the most of every dollar to increase their competitive edge. Even a small decrease in overhead costs or increase in productivity can make big difference. Because our grant is allocated and ear mark based on our annual performance, there has to be a proposal management organization plan in place. If the 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...
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...those goals. We have noticed that there have been some deficiencies in the leadership of CanGo Inc. We have also provided some recommendations for the management team to improve their weaknesses so that the company can continue to stay successful in achieving its goals and launching itself to the online gaming industry. (1) There is a lack of mission, vision and value in CanGo Inc. Liz, the founder and CEO started her company with an emergent strategy process. This strategy would not allow the company to stay successful in the long run. Liz thinks that the success of the company has nothing to do with strategic planning. As a result, she fails to recognize the importance of strategic management planning. This issue is the top priority to be addressed because it is the core foundation of the success of the company (BUSN 460, Week 1 Video, 2003). (2) However, the management fails to analyze the company’s position in the market to set reasonable long-term and short-term goals. The goals and expectations seem to be unrealistic or unachievable. Goals that are either too easy or too difficult are less likely to motivate employees. Also, goals that are too difficult will only bring an increase in stress which can lead to low morale in the subordinates ((BUSN 460, Week 1 & 2 Video, 2003). (3)There is a lack of communication and management participation. For example, the manager fails to conduct a formal meeting with the subordinate in regards...
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...Prioritizing Projects at D.D. Williamson 2014 October 20 HRM 517/ Professor Stephen Castellese Prioritizing Projects 1 Introduction Keeping any organization above water takes a few key components. These components are not limited to strategic planning, goals, budgeting, qualifications, leadership and loyalty. These components will make for a successful organization as long as they remember to prioritize. A case study has been conducted on the business of D.D. Williamson. The D.D. Williamson Company has not been one to lack success, but has lacked the ability to manage projects. Because of its lacking ability to manage projects they have missed out on opportunities and have exceeded budgets. After reading the case study we see that there has also been a clear breakdown in the communication when dealing with projects assignments. It took nearly three years before investigating and upper level management to figure out that there were no precise systems put into place for marking projects level of importance. Prioritizing is necessary and crucial to an organization for growth, planning, and success. According to Kloppenborg, Nkomo, Fottler, and McAffee (2012), D.D. Williamson would have benefited from utilizing a project management team, whom would have identified the scope of the project, cost, and taken ownership of the schedule from start to finish. Critique the prioritizing process at D. D. Williamson. This company would have benefited more...
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...goals. We have noticed that there have been some deficiencies in the leadership of CanGo Inc. We have also provided some recommendations for the management team to improve their weaknesses so that the company can continue to stay successful in achieving its goals and launching itself to the online gaming industry. (1) There is a lack of mission, vision and value in CanGo Inc. Liz, the founder and CEO started her company with an emergent strategy process. This strategy would not allow the company to stay successful in the long run. Liz thinks that the success of the company has nothing to do with strategic planning. As a result, she fails to recognize the importance of strategic management planning. This issue is the top priority to be addressed because it is the core foundation of the success of the company (BUSN 460, Week 1 Video, 2003). (2) However, the management fails to analyze the company’s position in the market to set reasonable long-term and short-term goals. The goals and expectations seem to be unrealistic or unachievable. Goals that are either too easy or too difficult are less likely to motivate employees. Also, goals that are too difficult will only bring an increase in stress which can lead to low morale in the subordinates ((BUSN 460, Week 1 & 2 Video, 2003). (3)There is a lack of communication and management participation. For example, the manager fails to conduct a formal meeting with the subordinate...
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...Business Project Management | BTEC L3 Diploma/Ext. Dipl. - Business | | Salindu Sadishan | 7/1/15 | Task 1 This task provides evidence for assessment criteria: P1, P2 and P3 A project is said to be a planned set of interrelated tasks, to be executed over a fixed period and within certain cost and other limitations. There are three basic types of business project. The first is the strategic project. This type of project is focused on achieving objectives determined during the business planning or strategic process. A second type is the operational project. These are projects that are initiated for business reasons other than achieving a strategic objective. For example, a general ledger may have become obsolete. So a business project is initiated in order to implement a new release of the general ledger. The third type is the repeating or operationalized project. These projects run so frequently that much of the regular project planning can be repeated. http://www.pmhut.com/what-is-a-business-project Project Life Cycle Origination Someone proposes an idea worth pursuing and solicits support for the idea in the project origination phase. Costs and staffing needs are minimal at this stage. The project gets sent to a committee for evaluation, and if the idea is selected further commitment to the project progresses, including budget and preliminary needs. If there is a long delay in the project life cycle, it is typically in the origination phase, as...
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...PROJECT MANAGEMENT MODERN PROJECT MANAGEMENT 1. Define a project 2. Identify the stages involved in s project life cycle 3. Determine the roles of a project manager 4. Explain the importance of project management ORGANIZATION STRATEGY AND PROJECT SELECTION 1. Understand the strategic management process and the four activities involved at such 2. Define and explain the need for an effective project portfolio management system 3. Identify the classifications of a project 4. Identify sources and solicitation of project proposals 5. Rank proposals and select projects 6. Explain how to effectively manage a portfolio system in terms of risks and types of projects ORGANIZATION: STRUCTURE AND CULTURE 1. Determine the different project management structures 2. Identify the different ways to organize projects 3. Explain the essence of right project management in terms of both organizational considerations and project considerations 4. Explain organizational culture and justify its implications to organizing projects DEFINING THE PROJECT 1. Identify the different steps involved in defining a project 2. Understand process breakdown structure 3. Explain the responsibility matrices 4. Understand project communication plan ESTIMATING PROJECT TIMES AND COSTS 1. Identify the factors influencing the quality of estimates 2. Understand estimating guidelines for times, costs and resources 3. Compare between top-down and bottom-up estimating 4. Determine the methods...
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...Project Concept and Strategy Was the Woody 2000 project well-conceived? The objective had been clear at project inception but was never communicated No project plan documented or no qualified project manager This project was unlikely to be successful What were Woody's real objectives that could and should have been articulated? Expand production capabilities Meet increased demand and new market vacancies Maintaining the same quality Objectives should have been communicated to all of the stakeholders What strategies were there for achieving these objectives? What would you recommend? Current strategy was to appoint an inexperienced project manager and hire a contracting company to manage and complete the project. Recommendations: Consult with any of the 850 SMEs throughout project lifecycle, develop a plan to maintain production, house a backlog of products on site as part of a contingency plan. Did they consider other solutions? Project was planned in a “vacuum” Pricing research was only conducted after original high quote by EID Did not pursue other options Project Scope Planning and Scheduling Cost Estimating Project Planning Quality Progress Monitoring and Control Cost Control Contracting for Engineering and Construction Services Communication and People Management Risk Identification and Management Facility Startup and Project Closeout Why do you suppose renovation of the President and Executive Vice President's offices...
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...want to be in the future and the start of a good internal structure to carry out those goals and vision. Where things seem to get off track for CanGo is in the areas of communication between departments, ensuring that full financial analysis have been completed before starting on a project, internal organization within the company, lack of professionalism between employees, and lack of concern for legality when it comes to company action’s. All of these issues if left uncorrected can pose a huge threat to the viability of CanGo’s business in the future. However, on the other hand if the following recommendations are put into play and the current issues are resolved it will only further and grow CanGo in their current state and in the future. Issues: 1. There seems to be a serious lack of communication between departments at CanGo. At any given time it is apparent that employees do not seem to know what others are working on or have already worked on. 2. CanGo has not done a proper full financial analysis regarding the new system; once again no project should be jumped into without proper analysis. 3. CanGo’s lack of a strategic plan to train the personnel for new responsibilities. CanGo management is seriously considering entry into the online gaming market, a business of which CanGo management has limited understanding, while simultaneously attempting to persuade investors that the Company is a sound investment for today and for the future. (Xiong, Zhou, &...
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...What is one characteristic of a project, program and portfolio? A. Development of a new product or service B. Logical they all have a time frame and life-cycle C. Conduction of task without schedule D. Implementing a new business process The reason I chose the answer number (B) projects are always in a form of a life cycle and changes happen frequently due to new ideas and technology the other answers are relevantly. Define the characteristics of a portfolio Manager? A. Process improvement, visibility, measurement, accountability, focus B. Standardization C. Change D. Associated processing Standardization and change are still characteristics of a good PPM but associated processing is not among traits Define the characteristics of a program? A. Deliverables with a strategic intent B. Risk Management C. Controlling project D. Schedule and resources The other three options are characteristics of a project manager. What are the project management processes? A. Initiating, planning, executing, monitoring and controlling and closure B. Integration, human resources, rick management C. Cost, stakeholder management, scope D. Quality, communications, procurement The other options are project management knowledge areas. What is a project management plan? A. Document capturing the entire project end –to-end, covering all project phases, from initiation through planning execution and closure. B. Costs, quality, schedule C. Scope, business needs...
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