...GenRays Matrix Template Project Management Knowledge Areas Recommended Tool(s) Justification for Tool Project Integration Management • Expert Judgement • Project Management Information System • Change Control Meetings Expert judgement is the primary tool used to bring the project together. From development of the project charter and development plan, to execution, monitoring and changing, and close of the project, expert skills and experience is used to manage and carry out the tasks to project completion. The project manager must use their expert judgement, with inputs from stakeholder interviews and the project management office to manage the project successfully. A project management information system is a tool used to organize inputs and outputs from all project management processes. Consolidation of these inputs and outputs in a centralized information system enables multiple resources the access to the information as it’s needed. GenRays recently completed a project where project updates were readily available online and was seen as an item that worked well on the Lessons Learned report. Change control meetings are tools used to formally perform integrated change control. A change control board is needed to assess and determined if change requests are necessary to keep the project flowing from one task to another, reducing unexpected change related stumbling blocks. Since there are competing priorities among...
Words: 2338 - Pages: 10
...Chapter 1: Introduction to Project Management TRUE/FALSE 1. Until the 1980s, project management primarily focused on providing schedule and resource data to top management in the military, computer, and construction industries. ANS: T Until the 1980s, project management primarily focused on providing schedule and resource data to top management in the military, computer, and construction industries. Today’s project management involves much more, and people in every industry and every country manage projects. PTS: 1 DIF: Difficulty: Easy REF: p.2 OBJ: LO: 1-1 NAT: BUSPROG: Technology TOP: Introduction KEY: Bloom's: Knowledge 2. A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not. ANS: F Projects are different from operations in that they end when their objectives have been reached or the project has been terminated. PTS: 1 DIF: Difficulty: Moderate REF: p.4 OBJ: LO: 1-2 NAT: BUSPROG: Analytic TOP: What is a Project? KEY: Bloom's: Comprehension 3. Every project should have a well-defined objective. ANS: T A project has a unique purpose. Every project should have a well-defined objective. PTS: 1 DIF: Difficulty: Easy REF: p.6 OBJ: LO: 1-2 NAT: BUSPROG: Analytic TOP: What is a Project? KEY: Bloom's: Knowledge 4. Projects should be developed in increments. ANS: T A project is developed using progressive elaboration. Projects are often defined broadly...
Words: 7714 - Pages: 31
...ISBN 1-4366-1613-1. The process of writing reports: * Blicq, Ronald (2003). "Technically-Write!". Prentice Hall. ISBN 0-13-114878-8. * Gerson, Sharon and Gerson, Steven (2005). Technical Writing: Process and Product. Prentice Hall. ISBN 0-13-119664-2. * Lannon, John (2007). Technical Communication. Longman. ISBN 0-205-55957-3. A report or account is any informational work (usually of writing, speech, television, or film) made with the specific intention of relaying information or recounting certain events in a widely presentable form. Written reports are documents which present focused, salient content to a specific audience. Reports are often used to display the result of an experiment, investigation, or inquiry. The audience may be public or private, an individual or the public in general. Reports are used in government, business, education, science, and other fields. Reports use features such as graphics, images, voice, or specialized vocabulary in order to persuade that specific audience to undertake an action. One of the most common formats for presenting reports is IMRAD: Introduction, Methods, Results and Discussion. This structure is standard for the genre because it mirrors the traditional publication of scientific research and summons the ethos and credibility of that...
Words: 4127 - Pages: 17
...Course: Date: Rapid Project Development Introduction Rapid project development is a software development methodology which uses less planning to favor prototyping; this planning is reached in writing the software itself which will allow it to be faster and easy for requirements changes because of lack of pre-planning in the software. The powerful case software should be available for the developers to come with the system faster because it will enable developers to come up with the best system irrespective of programming language and the cording system. The product should be produced within less time so that it can be tested by the users i.e. the prototype should be designed fully and produced within short time for the users to use it first if it can help their organization to the maximum level or not. If not they have to return the system to the developers to start working on it again. This system started around 1970 and it’s still used today because of its special lifecycle where we had planning, analysis, design, building testing and deploying to the users. The rapid project development should be compressed and also another lifecycle should be followed before providing it for the users to start using it in their organization or business premises firstly the developers should give what they require to the organization or the customer who needs to make the project for them to make the budget after which the developers should design the project for implementation. Then...
Words: 2229 - Pages: 9
...Question #1 When I was working in a small-sized project for my client, there arose a need to monitor, track and collect a lot of data based on the day-to-day progress of the work. It was decided that we build a dashboard application so that all those data can be fed into this application and we could draw meaningful interpretations from it. Building a dashboard-application was a project in itself and would require quite a lot of resources. Given the stringent timelines, I suggested the use of a dashboard tool that was readily available in the market. The client manager did not have an idea about it and so my delivery manager was not favouring this idea. I created a proof of concept and showcased how efficiently this can be done, but my manager did not accept it since it was a third-party tool. He insisted on creating an in-house tool for dashboard creation. Due to lack of support from my delivery manager, we had to drop that idea that could have significantly saved time and money for the client. Stakeholders Client organization, client manager, our organization, employees from client-side and company side working on this project, Dashboard-tool organization. Analysis The implementation of the solution using a third-party software was straight forward and the manager did not want to provide them an out-of-the-box solution. Rather than that, he wanted to create more opportunities by increasing the number of projects. While I understood his good intentions towards better profitability...
Words: 1754 - Pages: 8
...lot of projects to work concurrently, and hence it may cause the productivity of development declined. So that managers tried to cancel some project to balance the company’s capacity according to the profitability of the project. Secondly, as the company had a lot projects to work concurrently, it would disperse resourses of the corporation. And the corporation lacked an aggregate project plan. Hence, the resources of the corporation could not be distribute reasonably. Thus, managers want redistribute resources of the corporation and make an aggregate project plan. The third problem facing Kirkham Instrument was that each division’s managing directors can not get consensus on which project should be killed or continued. Because some project had already begun or had established its own system for project planning. And there were many different rules for employees to follow and hence they had different opinions for the decision making. For these problems, managers tried to establish management of the development funnel to help them to decide which project should be continued or killed. B In most company, engineers or managers can not distribute resources reasonably and get right decision making. The aggregate project planning can be defined as a tool to help managers or engineers to address these problems. Managers create a plan to categorizes projects according to how much resources they consume and what they will bring to the company’s product line. And then the managers can...
Words: 1355 - Pages: 6
...Research Proposal: The Importance of Project Cost & Communication Management Project Management in general is based on the methodology of the triple constraint. Where the effective management of time, cost and scope/quality can define the success of a project. It is generally expected that the number one concern for project managers is to manage the triple constraint. Although, project managers used the triple constraint to evaluate and balance these competing demands in a project, it also became a measurement of project success. With today’s marketplace and the complexities they bring the triple constraint is not enough to properly define when a project was actually successful. There is evidence where projects have been delivered on time, within budget and meeting all project specification and still not perceived as successful by the stakeholders. The reasoning behind these results is that there are obviously other criteria just as important as the triple constraint to truly classify a project as successful. How to identify project success Identifying the success of a project is not based solely on whether the project was completed on time, there are other factors to measure. Learning from failed projects is also a critical part of creating success in the overall results. Projects can be evaluated in a manner that works for the industry or business the evaluation is being conducted for. This process is not rigid in essence, it may include things such as online surveys...
Words: 2791 - Pages: 12
...Project Estimating Paper Introduction Projects are different form one project to another. The most challenging job a project manager will have is properly estimating time, and cost because of the uncertainty of variables of each project. Using the correct technique and tools to deal with the certainty, or uncertainty of a project is important to give an accurate estimate. Using the proper technique and tools, a project manager can deal with the challenges of estimating time, and cost to give an accurate estimate. Dealing with uncertain variables that challenge a project will give the project a successful outcome. When and How Techniques Are Used Expert Judgment is using a subject matter expert that provides estimates into the estimating based on expert experience in the subject. An expert judgment is most important when estimates are dependent on an unknown variable. This is where acquiring the expert to fill in the variables with knowledge from experience is necessary. Analogous estimating is used when costs from a previous project inputted can save time on estimating with the variations of know differences from past projects. This is important on known stable projects similar in use. Analogous analysis will make adjustments for variables known (PMI, 2008). Parametric Estimating can be used in small segments, or the complete project. This form of estimating relies on calculations using historical information and known variables...
Words: 1074 - Pages: 5
... Management PROJECT MANAGEMENT ASSIGNMENT TOPIC HOW PROJECT MANAGEMENT IS USED IN AN INDUSTRY? QUESTIONS: WHAT ROLE PROJECT MANAGEMENT PLAYS IN THE INDUSTRY CHOSEN? IS IT A CORE REQUIREMENT TO KNOW THE SUBJECT? HOW PERVASIVE IS ITS USAGE? HAS IT ALWAYS BEEN A TOOL IN THE INDUSTRY? WHO USES THE TOOL AND FOR WHAT: GIVE EXAMPLES Contents This research seeks to answer the questions as outlined in the the topic, as they relate to project management in the financial sector and specifically the banking sector. Research on five of Canada’s top bank was conducted along with examining project management as a whole. The financial sector was chosen based on the fact that Banking will be my place of work in the future and given my overall background in financial services, having worked in this field for a number of years. INTRODUCTION Brief History According to Wikipedia Project management processes took shape round about the 1950’s wherein organizations began to analytically apply the process to complex engineering projects. It was developed from several fields of applications namely, civil engineering, construction, and heavy defense activity. The two forefathers of this discipline were Henry Gantt (1861-1919) who was the founder of the Gantt Chart, used as a project management tool and Henri Fayol,(who created the five management functions that today is referred to as the body of knowledge and is the foundation of project management and the...
Words: 1487 - Pages: 6
...interest in field of project management. One of the biggest reasons for this is that technology is ever changing. Just when a company feels like they have caught up to the recent technology, it evolves and leaves them behind. Businesses are trying to keep ahead of the changing times and are having to think fast and adapt to the fast moving changes. These changes are bringing about a greater need for project management. 2. A project is a temporary endeavor undertaken to create a unique product, service, or result. An IT project is a project that involves the use of hardware, software, and networks. A project has six main attributes: they must have a unique purpose, be temporary, are developed incrementally, require resources, need a sponsor, and involve uncertainty. A project is affected by many constraints, including scope, time, and cost. To satisfy the project sponsor, a project manager needs to balance not only the triple constraint - scope, time, and cost, but also other areas such as quality, resources and risks. 3. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Stakeholders are the people involved in or affected by project activities, such as the project team, customers, users and suppliers. A framework for project management includes the project stakeholders, project management knowledge areas, and project management tools and techniques. The 10 knowledge areas are project integration management...
Words: 729 - Pages: 3
...Helpful Tools for Project Management Christopher Benson INF 337: Integrate Cost & Schedule Control Instructor: Shane Lauber September 22, 2014 The past 30 years have witnessed a dramatic increase in the number and variety of organizations engaged in project-based work. In addition to “traditional” project-oriented industries, like construction, aerospace, and pharmaceuticals, service industries as diverse as finance, utilities, telecommunications, and insurance are beginning to embrace project based ventures. This paradigm shift is due to growing recognition that projects and their effective management can provide organizations with a significant competitive edge through cost reduction, enhanced responsiveness, and overall value to customers. Consequently, a number of organizations have adopted many of the well-known techniques of project management, and professional project management organizations have witnessed marked increases in membership. Despite this enormous interest in projects and project management practices, success rates in many industries are at alarmingly low levels. In addition, bad news about high-profile projects continues to dominate the headlines – in both the public and private sectors (Venkataraman & Pinto, 2008). A lot of this bad news comes from the PM (Project Manager) not being educated on all the tools at his/her disposal to be better prepared to prevent the project from failing. In order for anything to succeed, it must...
Words: 1692 - Pages: 7
...Lahore University of Management Sciences DISC-331 – Project Management Fall 2013 Instructor Room No. Office Hours Email Telephone Secretary/TA TA Office Hours Course URL (if any) Zehra Waheed 214 SDSB Building By appointment zehra.waheed@lums.edu.pk 8426 Course Basics Credit Hours Lecture(s) Recitation/Lab (per week) Tutorial (per week) Course Distribution Core Elective Open for Student Category Close for Student Category 3 Nbr of Lec(s) Per Week Nbr of Lec(s) Per Week Nbr of Lec(s) Per Week 2 3 lab sessions as per schedule N/A Duration Duration Duration 75 minutes N/A N/A Yes Sophomores, juniors, seniors None COURSE DESCRIPTION Project management is increasingly used both in public sector and the private sector organizations worldwide. They are undertaken in a variety of industries, some of which, for example, software development and construction, relying almost entirely on projects. Examples of projects include the installation of new IT systems, introducing new internal processes or procedures, managing organizational wider change or innovation, orchestrating office moves, opening new branches, disaster management, launching a new product or service, launching of an advertising campaign, or bidding for a major customer contract. Consultancy sometimes also takes the project form. Given the nature of the corporate world these days, students undertaking this course can be expected to be involved in projects during some part of their careers. The course,...
Words: 1504 - Pages: 7
...Lean Project Management A research of Lean Production Delivery Systems on methods, processes and tools Zhiyuan Wang Author Note This report answers topic three This report was prepared for 49002 Project Management, taught by Elizabeth Bourke Abstract Current project management practices been found that have inherent difficulties in meeting increasingly stringent clients’ needs. However, it seems that the theories and principles of Lean Production Delivery Systems (LPDS) are the best approaches of all sorts of management theories. This assignment makes a brief Investigates and discusses of LPDS and analyses how to apply the principles, theories, processes and tools to current project management practices. This assignment concentrates on topic three and compares the difference between current and LPDS approaches in methods, processes and tools. Lean Project Management A research of Lean Production Delivery Systems on methods, processes and tools Background Before people name it Lean Production Delivery Systems1 (LPDS), many American experts call it TPS which is short for Toyota Production System (Womack et al., 1990). This production system been called as just-in-time production at the beginning state. It was created and developed by the founder of Toyota, in order to gain higher quality and lower cost, in the 1950 s. This production system became famous and been paid more attention by experts when Toyota made much profit during 1970s economic crisis while other...
Words: 2107 - Pages: 9
...assemblies by proposing a fixed cost for part production. This was one of the first projects to be managed by the VW Mexico project office and they would have to develop and introduce internal processes for the team to follow. To oversee the project the VW Mexico team established a project management office, which was responsible for controlling the budget and schedule for the Jetta-related projects. The VW Mexico project team had to tackle a time and cost constraint for completing the assembly line project on-time and under budget. The project management office helped ensure the project was supported effectively and efficiently by incorporating different project management tools and techniques. The project managers along with members from other teams were able to incorporate a standardized approach for the project to meet the development of project requirements. To help “provide guidelines and criteria for tailoring the organization’s process” (PMI, 2013) the project team included the five process groups of Initiating, Planning, Executing, Monitoring and Controlling, and Closing. During the initiating process group the project manager must define the phases of the project, which was accomplished by dividing it into five phases with nine milestones over two years. During the initiating phase the project manager must clarify what constituted the start and completion of the project. The timeline included an outline for procurement and fabrication of equipment...
Words: 683 - Pages: 3
...comments are computer-generated writing and grammar suggestions inviting the consideration and analysis of the writer; they are not infallible statements of right/wrong, and they should not be used as grading elements. Also, at present, WritePoint cannot detect quotations or block-quotes, so comments in those areas should be ignored. Please see the other helpful writing resources in the Tutorials and Guides section of the Center for Writing Excellence. Thank you for using WritePoint. Performance Measurement in Project Management Project Management 437 Performance Measurement in Project Management The need to measure the performance of a project in world of business is an important part of project management. Measuring the performance of a...
Words: 1036 - Pages: 5