------------------------------------------------- What is a Project? Learning Objectives After completing this topic, you should be able to * recognize examples of a project * identify the characteristics of a project 1. Project characteristics Projects make up almost half of the work that most organizations do. Organizations use projects to help meet their strategic goals. In terms of strategic goals, projects may help an organization meet changes in market demands, customer requests
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BUS 3122F Project Management for Engineers Assessment 1 (50%) – Individual work Task: Develop a project plan for an approved project of choice, implementing the material that you have covered and focusing on Scope, Time, Cost and Risk. The selected project preferably should be a real project example that you have been involved with previously or currently working on. The following is a list of areas that should be covered within the assignment, the Project Plan: ‐ ‐
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Risk Analysis Estimating Methods - Scheduling Risks As Applied to the Panama Canal Case Study 11/8/2010 Kendrick argues that establishing project planning is a necessary key requirement of managing project schedule risk (2009, p.334). Regardless of how thoroughly a project manager works to ensure that a project’s schedule is accurate, he or she cannot fully control the inevitable and random influences that may negatively impact their project schedule. Equipment failures, nature, and sick
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Managing and Directing Successful Projects with PRINCE2TM 2 Managing and Directing Successful Projects with PRINCE2TM Written by Andy Murray of Outperform, Lead Author of PRINCE2 this brochure provides an overview of both Managing and Directing Successful Projects with PRINCE2TM. The public consultation comprised of: • Reviewing the Issues Log • A series of workshops/focus groups facilitated by the Best Practice User Group (BPUG) • ‘Champion’ interviews of key users • A series of
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capitalization, marketing and operations of senior housing facilities in Texas. BGG Development, LLC’s management has assessed the initial opportunity and believes the total development budget for the initial phase of this project will be approximately $54.1 million, but the project is expected to have three (3) phased stages developed over a 3-year period (if all operations are met with material success). Should BGG Development, LLC be successful in executing its business model, the expected result
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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
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international project will affect people and how people will affect the project. This requires an understanding of economic, demographic, educational, ethical, ethnic, religious, and other characteristic of the people for whom the project affects or who have an interest in the project (Egeland, 2011). Today’s projects have dramatically increased in complexity, which requires a culturally and functionally diverse mix of individuals who must be assimilated into an effective unit – a project team. In
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Project Finance The Methodology most used to finance capital-intensive projects was called project financing, and the field was called project finance. Characteristics There were many definitions of project fiance, but almost all of them had the following key characteristics. The main feature is the creation of a Special Purpose Vehicle (SPV), a bankruptcy-remote entity that remained secure if the parent company went under. The SPV has a limited life (usually the duration of the project
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Developing a document that formally authorizes a project or phase. Documenting initial requirements that satisfy stakeholder's needs and expectations. Finalizing all activities across all Process Groups to formally complete the project or phase Project Management Plan Accepted Deliverables Organizational Process Assets Expert Judgment Tool & Techniques Outputs Inputs Inputs Project Statement of Work Business Case Contract (when applicable) Enterprise Environmental Factors Organizational Process Assets
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Risks exist in every aspect of business, but project management efforts are particularly sensitive to distinguishing and minimizing risk potential in order to complete the project in time. When a project management team determines project goals, it should discover all the risks that potentially threaten the achievement of these objectives. A comprehensive risk analysis can assist in finding out barriers to project’s success and develop contingency plans. Project management teams usually develop risk
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