...MAN620/ADM720 Project Management Lecture Session 1 : 26th January 2010 An introduction into project management with some history of project management and some contextual information. How project management has permeated almost all aspects of working life. The evolution of the project management context. Why and under what circumstances project management is used. What characterizes projects and differentiates them from other forms of management. Examples of projects – large medium and small. Chapter 1 - An Introduction to Project Management The Project Management Book of Knowledge (PMBoK) defines Projecy Management as “the application of knowledge, skills, tools and techniques to project activities to meet project requirements”. In the course outline we make the following statements with regard to what this course promises you engineering students. In the engineering environment, Project Management can be practiced either a stand-alone professional discipline or as an integral part of the delivery mechanism for engineering services. Either way, all engineers need a thorough understanding of Project Management theory, principles, practices, tools and techniques. This course has been structured to stimulate the interest of student engineers in the discipline of Project Management and to equip them with sufficient knowledge of the discipline to meaningfully participate in project work at an early stage. Many organisations do not employ full time Project Managers and...
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...2011 Project Management Term Paper Jenna Volk Production Operations Management 2011 Project Management Term Paper Jenna Volk Production Operations Management Project Management “Trying to manage a project without project management is like trying to play a football game without a game plan.” * K. Tate Project management, in the modern sense, began in the early 1950s, although it has its roots much further back in the latter years of the 19th century. The need for project management was driven by businesses that realized the benefits of organizing work around projects and the critical need to communicate and coordinate work across departments and professions. The government, military and corporate world have now adopted this practice. History In the 19th century, the rising complexities of the business world showed how project management evolved from management principles. In this country, the first large organization was the transcontinental railroad, which began construction in the early 1870s. Suddenly, business leaders found themselves faced with the intimidating task of organizing the manual labor of thousands of workers and the manufacturing and assembly of unprecedented quantities of raw material. Near the turn of the century, Frederick Taylor (1856–1915) began his detailed studies of work. He applied scientific reasoning to work by showing that labor can be analyzed and improved by focusing on its elementary parts. He applied his thinking...
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...com Seeking assignments in the overall project management of construction projects in an organization of high repute in India. SYNOPSIS Over 5 years of cross-cultural experience in managing projects right from development to delivery encompassing planning, monitoring and controlling in various phases of project lifecycle. Adopt project management tools and techniques like project planning & scheduling using project management tolls like Primavera 3.1, 5.0 & 6.0 and MS Project 2007 Professional. Overall planning and monitoring of resource, cost, material and machinery for various construction projects using project management tools. Updating and reviewing of the BSC (Balanced Score Card) for various projects. Creating & updating of logs for several departments through online documentation system ACCONEX. Have been a key member of PMO (Project Management Office) in the organization with the responsibility of conducting review meetings with the key project members from planning point of view. Deft in swiftly ramping up projects in close coordination with project managers, project directors, contractors, architects, consultants & other external agencies and ensuring on time deliverables. AREAS OF EXPERTISE Project Management Steering diverse initiatives towards accomplishment of organisational goals & vision pertaining to the overall execution of the Projects, Quality Management, Design & Development, and Technical Services. Managing project operations with a view to ensure timely...
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...HISTORY OF PROJECT MANAGMENT 01-Jun-13 UMMARA MUSHTAQ 2123224 HISTORY OF PROJECT MANAGEMENT PROJECT MANAGEMENT: Project management is the discipline of planning, organizing, motivating, and controlling resources to achieve specific goals. Starting in the early 1960s, businesses and other organizations began to see the benefit of organizing work around projects. This project-centric view of the organization evolved further as organizations began to understand the critical need for their employees to communicate and collaborate while integrating their work across multiple departments and professions and, in some cases, whole industries. LATE NINETEENTH CENTURY: We can travel back even further, to the latter half of the nineteenth century, when the business world was becoming increasingly complex, to see how project management evolved from basic management principles. Large-scale government projects were the impetus for making important decisions that became the basis for project management methodology. In the United States, for example, the first truly large government project was the transcontinental railroad, which began construction in the 1860s. Suddenly, business leaders found themselves faced with the daunting task of organizing the manual labor of thousands of workers and the processing and assembly of unprecedented quantities of raw material. EARLY TWENTIETH CENTURY: Taylor introduced the concept of working more efficiently, rather than...
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...Functions of Management Marc S, University of Phoenix Thesis Statement Management will be used in any project where success is desired. The four functions of management are planning, organizing, leading and controlling (Bateman & Snell 2009). To be successful in today’s world a manager needs to learn and master each of these functions. Introduction The four functions of management can make almost any project successful, barring a catastrophe. In this paper I will explain and give examples of how each of the functions work, and co-exist in today’s business world, with specific examples from my organization. The four functions of management are planning, organizing, leading and controlling (Bateman & Snell 2009). Planning Planning is described as “specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals (Bateman & Snell 2009 p. 56 ¶ 4).” Meaning that if there is a desired goal than it is management’s function or job to provide the road map to get to that end goal within the desired amount of time, resources and expectations. This will be accomplished by doing activities like examining current business needs, projecting future projects, determine milestones, as well planning business strategies. “Plans set the stage for action and for major achievements (Bateman & Snell 2009 p. 56 ¶ 4).” My organization contains several layers of management, the types that I will refer to within this paper will...
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...Introduction 1 Project Management 1 1. Definition 1 Vision and Mission 1 Strategic Objectives 2 Importance of Project Management to achieve Strategic Objectives 3 1. Compression of the product life cycle 3 2. Global competition 4 3. Knowledge explosion 4 4. Corporate downsizing 5 5. Increased customer focus 6 6. Rapid development of Third World and Closed Economies 6 7. Small projects represent big problems 7 Conclusion 8 References INTRODUCTION The pace of change in business and technology is accelerating. As a result, no matter what your perspective there is more of everything to contend with – more ideas, competitors, resources, constraints, and certainly, more people doing and wanting things. The accelerated rate of change in technology means that products or processes are evolving at a more rapid pace, and as a result the life cycles of the things we use and rely on are getting shorter. This accelerated rate of change has a direct impact on the frequency and conduct of projects. All of this project activity has spurred a growing interest in ways to plan and control projects, and to organize and lead people, and groups to meet the needs of customers, markets, and society within the bounds of limited time and resources. (Nicholas, 2000). Today’s most successful organizations employ Project Management as a strategic tool to drive change and achieve business objectives. Focusing primarily on developing a project plan with specific...
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...interest in project management. In the past, project management primarily focused on providing schedule and resource data to top management in just a few industries, such as the military and construction industries. Today’s project management involves much more, and people in every industry and every country manage projects. New technologies have become a significant factor in many businesses, and the use of interdisciplinary and global work teams has radically changed the work environment. The facts below demonstrate the significance of project management: In 2011, the average annual salary (excluding bonuses, in U.S. dollars) for someone in the project management profession was $160,409 in Switzerland (the highestpaid country), $139,497 in Australia, $105,000 in the United States, and $23,207 in China (the lowest-paid country). This survey was based on self-reported data from more than 30,000 practitioners in 29 countries.1 CareerBuilder.com found that 44% of U.S. employers listed project management as a skill they looked for in new college graduates, behind only communication and technical skills.2 Employers throughout the world, especially in Australia and Canada, echo the same request. Project management certification continues to be one of the most popular certifications throughout the world. The U.S. spends $2.3 trillion on projects every year, and the world as a whole spends nearly $10 trillion on projects of all kinds. Projects, therefore,...
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...A Project Report On Chad-Cameroon Petroleum Development and Pipeline Project Submitted by Group 06 Madhukar Rathod -300683322 Ravi Joshi -300700707 Varin Furia -300698168 Under the Guidance of Prof. Farhad Moayeri Centennial College School of Business Academic Year 2012-2013 Letter of Transmittal Group 06 Centennial College, Section 102, PMGT-729 School Of Business Centennial College, Progress Campus Scarborough, Ontario M1G 3T8 November 27th, 2012 Prof. Farhad Moayeri Professor, PMGT-729 School Of Business Centennial College, Progress Campus Scarborough, Ontario M1G 3T8 Respected Farhad Moayeri, We submit herewith the term report of our project entitled “Chad and Cameroon Petroleum Development and Pipeline Project”. The report was performed in group and the main reason of doing the same was to understand, explore, analyze and compare the past international project. This report includes all the documents which we need to submit for our project. We received full cooperation from the Professor. We are thankful to you for giving us such a valuable project in which we can use our knowledge and skills which we learned from our course. Please accept the report as the fulfillment of the course activity. Sincerely, Group number 6: Madhukar Rathod 300683322 Varin Furia 300698168 Ravi Joshi ...
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...Global Finance Risk Assessment Introduction What is project management? What are the roles of a project manager? What are the various industries that employ project managers? Are there some industries that experience more success with project management than others? These are some of the questions that will be explored in this essay. Project Management as a Discipline and Its Role What is project management? Before examining project management, it is important to understand a project. The Project Management Institute defines a project as “a temporary endeavor undertaken to create a unique product, service or result.” This means that its start and end date is defined with a scope and resources (PMI, 2015). The Institute goes on to further state that a project is “unique” and “not a routine operation” but one that is created for a specific goal. Individuals for this team are often from many different fields of employment and can be from different physical locations. There are numerous tasks that are projects. For example, the involvement of the Red Cross following Hurricane Katrina, the update of Microsoft Office, and the building of the Eiffel Tower are all examples of projects. With a clear understanding of a project, one can examine project management. The idea of project management has been in existence for thousands of years but has only recently been recognized as a specific profession in the 20th century (PMI, 2015). This concept is very similar to a quarterback on...
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...MGT/437 Project Management Paper In the vastly changing business world, many organizations have found that it is important to implement project management into the organizational strategy. Environmental conditions like a hike in salaries, lack of borrowing power, increasing prices for raw materials, stockholder pressure, and inflation are contributors to the environmental condition. Executives in the past have ease the impact of environmental conditions by implementing cost reduction programs but have found that obtaining better control and better use of the organizations resources, and looking internally for solutions works best in solving organizational problems. What is a Project? A project is any planned set of interrelated tasks identifiable and essential pieces of a job serving as a unit of work that differentiates between the various components of a project. The interrelated tasks involved means completion within a fixed time, and maintained within the costs of an organizations materials, resources, time, and utility consumption, risks, and forgone opportunities of production and delivery of a good or service. A project requires functions lines of the organization to be multifunctional in successful completion of a project. What are the Basic Phases of the Project lifecycle and their purposes? The project lifecycle includes five basic phases. The first is the defining or conceptualization of a project phase. The objective of this phase...
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...Project management as an important branch of management science, has been widely used in construction, information technology, finance, software development, aerospace, government agencies, and many other industries. Project management is a highly integrated application of economic and technical work, is an important enterprise management thinking. Today's society, as an economic management and other related majors, the mastery of project management ideas, methods, the basic principle is particularly important. Objectives To explain why project management is crucial in today's world. To define a project and differentiate projects from routine operations To establish the importance of projects in implementing organization strategy To introduce the concept of a project maturity model that traces the evolution of project management systems. To establish managing projects is an act of balancing the technical and socio / cultural sides of the project To make students aware of the Project Management Institute that is made up of over 75,000 project management professionals. Programme goals and responsibilities of senior management leading large international programmes such as Crossrail, should be clarified to ensure decisions reached meet the objectives and are in the best interest of the Programme. There should be a clearly written scope and appropriate contract. Technical specifications and functional requirements need to be clearly defined early in the project or they...
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...Management of every entity aims at maximizing the returns and minimizing the costs. This is the fundamental aspect related to the project cost management. (Smith, 2014). This makes it clear that appropriate management style is important for an entity to prosper. There are various projects the management deals with simultaneously, but these are based on individual importance. The time and other resources to be allocated on a particular project depend on its individual importance. So, if a project is significant, then the management would look into other matters related to cost and project completion. Managing cost for a project requires expertise, and most of the larger companies tend to have the services of professional surveyors, economists, and engineers etc, who perform the task of managing costs for a particular project. Project cost management involves the use of technology. This is the latest development in the field of project management. The global issue relates with the fact that there are many countries that have not yet incorporated the latest technology in project cost management. (Xiao, 2014). This makes it difficult to establish global project management practices, as the same use of technology is not there. The article states that the lack of common practices and professional standard is an issue that affects all the project cost management professionals. (Smith, 2014). Whether they are engineers, surveyors or economists, all are affected by this. This is where...
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...to earn a project management certification is a big one, so make sure you choose one that best fits your current expertise and your future career plans. You can apply for any certification that matches your qualifications, and no certification serves as a prerequisite for another. * Certified Associate in Project Management (CAPM)® * Project Management Professional (PMP)® * Program Management Professional (PgMP)® * PMI Agile Certified Practitioner (PMI-ACP)SM * PMI Risk Management Professional (PMI-RMP)® * PMI Scheduling Professional (PMI-SP)® Already have a PMI certificate PMI Educational Foundation Mission and Vision Join PMI Educational Foundation in Building Better Futures through project Management. PMI Educational Foundation (PMIEF), the philanthropic arm of PMI, announces the Building Better Futures capital campaign to expand its mission to champion project management knowledge and skill for educational and social good globally. Donations to the campaign support sustainable programs that further the very project management principles and practices that project management practitioners, employers and suppliers believe in by developing: * A Better Prepared Project Management Workforce for the Future * A Better Prepared Society for Future Success * A Better Prepared Response in Future Times of Need Donations to the Building Better Futures campaign demonstrate a clear commitment to bringing the benefits of project management to all elements...
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...LEAN PROJECT MANAGEMENT Assessment of project risk management processes NEUS ALCARAZ BOSCÀ Master of Science Thesis Stockholm, Sweden 2012LEAN PROJECT MANAGEMENT Assessment of project risk management processes by Neus Alcaraz Boscà Master of Science Thesis INDEK 2012:36 KTH Industrial Engineering and Management Industrial Management SE-100 44 STOCKHOLMi ACKNOWLEDGEMENTS Firstly, I would like to thank my supervisor, Johann Packendorff, from the School of Industrial Engineering and Management at the Royal Institute of Technology, for accepting me in his department and for giving me good and useful guide. Secondly, thanks to all my family for being during all this year at the other side of the screen making me much easier the way. Especially, thanks to my sister, Maria, for spending some of her spare time giving me very good advice in the writing of this thesis, and above all, for being such a good example of effort and overcoming during my entire life. Thanks to Marcos, for being always so kind with me, and forsupporting me not only this year but also all these years of study. Finally, I would like to thank all my friends for having always something fun to tell, cheering my day up despite being so far. Thanks especially to Pau and Lidia for coming to visit us and spend wonderful days together, and also to Marta, Patri and Ceci for being always there to me. I would like to dedicate this thesis project to my grandma, for having taken such good...
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...SUMMARISED ESSAY ON THE PROJECT OF HOSTING THE 2008 UNDER 20 WOMEN’S FIFA WORLD CUP BY THE CHILE GOVERNMENT. Based on an extract from a journal. When in 1990 Chile became a democratic state, the Ministry of Public Infrastructure (MOP) in line with the country’s sustained growth and development embarked on the rehabilitation of the decayed public infrastructure. This was achieved through private concessions and working closer with the local city governments. With this in mind, the country led by President Michelle Bachelet aimed at attracting major sporting events. Consequently Chile won the right to host FIFA under 20 women’s world cup. This would be a national project that had presidential backing and priority. An unprecedented challenge however arose in that of the four cities selected to as possible hosts none had stadiums that complied with FIFA’s regulations. Thus the task to build four stadiums from the ground with a timeline of nine months was set. Though the exponential growth in investor funds took care of the project’s financing there was a great deficit in experienced and certified project managers to run the complex projects with aggressive deadlines. The MOP thus needed to strengthen the human capital for the project’s efficiency. The solution for the MOP lay in replacing the outmoded project management principles used for past projects with modern techniques and practices by adopting a structure based on standards from the Project Management Institute (PMI). In the...
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