BusinessASSESSMENT ACTIVITY : | | | | | Unit Name: | PROJECT MANAGEMENT | Unit Number: | 56 | Assignment Submission Date: | 30 – 10 - 2011 | Assessor: | RAMITA TEJPAL | Mode of submission: | LIVECAMPUS | Summary of Learning Outcomes 1 Investigate project management principles 2 Examine project organization and people 3 Examine project processes and procedures. Scenario You are required to select a Project which is carried out in the UK environment and should be authentic
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Work Breakdown Structure Work Breakdown Structure The Work Breakdown Structure (WBS) is apart of project scope management process. The WBS is needed to assist in organization of the project. This allows for the breakdown of the project’s deliverables into smaller, more detailed pieces. The following will provide a WBS based on a proposed project in week two about the improvement of lead flow for an uncontacted sales team. In addition to the WBS, this paper will discuss the importance
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value can give me the best probability of winning the bid and getting the highest profit possible. Since one of the objectives of the subject is to develop analytical frame of mind, it will be an essential tool in project management which includes decision making. It will make Project Managers like me to be explicit in analyzing conditions associated with future decisions and in determining the outcome of different alternatives. For example in my case, I can now evaluate the pros and cons of renting
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A. Poorly Defined Milestone’s: Milestones allow project management to much more accurately determine whether the project is going as per schedule or not. So, if the milestones are not well defined it will be hard for a project manager to know if the project is going as planned or no. This problem can be overcome while keeping the following things while defining a milestone * The goals & timeline for completion. * The criteria for success. * Brief rationale. * Milestones are not
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CHAPTER 9 PROJECT FINANCE AND CONTRACT PRICING In the previous chapters, techniques for project planning, scheduling, resources management, and time-cost trade off have been introduced. This chapter will deal with project cash flow to predict the actual flow of money during the contract duration. Also, this chapter will introduce the means for finalizing a contract price. A project's cash flow is basically the difference between the project's income and its expense. The difference between a company's
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text book went over the roles of stakeholders and the project manager and also went over the documentation needed though out the project. Chapter two was really informative because it was a refresher of the sub-processes of project management. This chapter outline that the initiating process (most important process) is the first process and this is where the scope is defined, which tell what is included and what is not included on the project. The next process is planning and it entails selecting
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Sims Project Final Paper Davenport University October 18, 2010 Table of Contents Table of Contents Schedule Budget Functionality Resource allocation……………………………………………………………………………… Stakeholder satisfaction…………………………………………………………………………. First Period Worst Period Best Period Last Period Resource Allocation / Managerial Actions What Worked Well What Did Not Work Well Reports Overall Evaluation References………………………………………………………………………………………….. Introduction During the eight
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Springfield Interchange Improvement Project design. In the implementation phase, the discussion addresses detailed design, construction, and commis- sioning. Finally, in the closeout phase, the discussion reflects on overall performance, project status, and project evaluation. The Inception Phase The Springfield Interchange is one of the most complex and dangerous interchanges in the United States (Sipress & Reid, 1999). Situated fifteen miles south of Washington, DC, where the
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Large project: Takes a long time to complete; Involves a large investment;Has a big project team;Produces a large number of deliverables. Size : Dimensions: Time;Resources (financial, number of organizations/functions);Scope (number of deliverables);Importance/Impact;Issues (number and severity);Use of new technology Characteristics: More subprojects and team leaders; Project administration infrastructure; Formal reporting process; Greater use of formal software tools Tightly controlled
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and Future Goals ------------------------------------------------- By David Haisch I enrolled in Project Management, because I have always been an outside contributor to various projects at work. I was always somewhat involved in project management over the years; however, I felt a need to know more and whether this was a viable career path. I also felt that I needed to know, how the projects that I have been an end user of, or that I contributed knowledge too were created and managed.
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