the dangers ahead. Risk management principles can be applied by the project managers to eliminate risks to a larger extent. Strategic objectives and goals Strategic goals are the blueprint of the task undertaken by a company. For instance, a software company aims to prepare software and related programing codes, whereas an infrastructure company has a target of constructing dams, bridges and other construction works. A project management team helps the company in achieving the strategic goals
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Project Scope This project scope is to install Access Control System (ACS) in the college dormitory. To identify the project’s goals, objectives, deliverables, tasks, costs, deadlines, expected leading staffing and none-staffing resources needed (Bidgoli, 2014). For a project this size, the company is limited to using current staff to complete the project. The size of the dormitory is five doors entering and exiting the building. The building has five moving cameras installed located at each
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SLIDE 6 Project Selection Method - Expert/Executive Opinion: founders vision (apple: keeping it unwraps, mainly company dictates product oppose to customer dictating) Slide 8 Q-Sort: 5 categories by the end with best of list for 5 categories: top, good, fair… Many times ignore bottom ideas Decision Tree: use selection factor based on yes/no Usually only one converges at the end Profile model: one side have projects listed, other side state all the requirements and if project meets them
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Approval of the project. Second Stage (after get the contract) Initiation of the project * Obtaining the agreement (signing the contract) * Define initial scope, financial resources, timeframe, target * Negotiate internal and External stake holders Planning for the project * Establish the total scope, define and refine objectives * Develop the project management plan * Develop the project documents that will be used to carry out the project. * Activity
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decomposition of the work to be executed by the project team to accomplish the project objectives and create the required deliverables.” 1 A Work Breakdown Structure (WBS) is a fundamental project management technique for defining and organizing the total scope of a project, using a hierarchical tree structure. The first two levels of the WBS (the root node and Level 2) define a set of planned outcomes that collectively and exclusively represent 100% of the project scope. At each subsequent level, the children
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of technology development projects... * Technology development project problems * Understanding costs, risks, benefits... * Understanding the application... * Lack of appropriate measures of progress... * GO/NO-GO decision making... * Communication... * Management commitment... * Slipping schedule... * Problems in implementation of developed process technology... * Developed process technology project problems * Resistance
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Questions 1. Explain the four frames of organizations. How can they help project managers understand the organizational context for their projects? Answer: The four frames of organizations are summarized below: Structural: deal with how the organization is structures and focus on roles and responsibilities. It’s important to understand these roles and responsibilities when dealing with project stakeholders, especially in procuring resources. Human resources: focuses
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Project Management According to Kerzner (2009), "A project can be considered to be any series of activities and tasks that have a specific objective to be completed within certain specifications, have a start/end dated, and have funds, human/non-human resources, and are multifunctional.” All projects have a beginning, the embryonic stage and at some point they come to an end which is the death of a project. However before a project can reach the final stage of death there is a life cycle that occurs
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aspects of the project(s) responsibilities. Construction Management (CM) is the practice of professional management applied to the planning, design, and construction of projects from inception to completion for the purpose of controlling time, scope, cost, and quality (CMAA 1). Basically Construction Management is a team of professionals working together to make some owner’s ideal becomes a reality. Construction Managers are hired to efficiently organizes and manage a specific project from the start
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Project Management Systems Week 4: Planning and Monitoring the Projects: Cost, Budget, and Earned Value Jan 22-28, 2012 The Huntsville Plant Project Planning and Monitoring Costs, Budget and Earned Value Analysis It is important that the SEITZ Corporation understands our progress in relation to both the project team and the SEITZ Corporation’s strategic goals and objectives, regarding the progress of the Huntsville plant. As a continued effort to report the progress that is being made
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