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Summary of Meeting
This meeting was classified as a public hearing, headed by Councilmember Kenyan R. McDuffie and the Committee on Business and Economic Development on March 5, 2018. The substantive content of the meeting comprised four separate urban development issues including the redevelopment of waterfront station, parcel easement, the redevelopment of center leg freeway, and a Spring Road disposition approval. Each of these issues are legislative bills being proposed and were discussed in order including PR22-0629, B220609, B22-0632, and PR22-0717, starting with the waterfront station disposition approval resolution. Although they are different resolutions, each of these revolved around development, use, or appropriation of publically held property. The meeting shows in a general way how large urban development projects require public review.
Connection to Themes
The meeting was directly relevant to several themes discussed in the course, including taxation and assessment of public property for the purposes of redevelopment, and…
IT Project Management Questions
Outsourcing -- Big Savings, Big Risks
Social Software for Project Management
Social Software can provide a number of opportunities for managing projects. What are some challenges or issues that should be considered before a project team implements a blog or a wiki?
Jonathon Edwards, an analyst with the Yankee Group, states that "Some people clutch to their corporate email boxes as if they were cigarettes. They're hopelessly addicted. We're all so accustomed to it. You can't change the way people work overnight." Blogs and wikis have a number of advantages over email. As a project manager, how could you reduce your project's team's resistance to rely less on email and embrace the use of social software?
Global Technology Solutions
Question One -- What role does quality play in the IT project Methodology?
How does verification/validation and change control support quality in an IT project?…
Project Information, History, Intent, and Life Cycle
Gray and Larson, (2008) define project as "a temporary endeavor undertaken to create a unique product, service, or result." (p 5). Essential feature of a project is that it has a defined beginning and end often subject to time or fund constraint to achieve stakeholder's goals and objectives. Gray and Larson (2008) differentiate between project and program. "A program is a group of related projects designed to accomplish a common goal over an extended period of time." (Gray and Larson, 2008 p 6). Major goal of any project is to satisfy customers' objectives, and features of a project are they:
have established objectives.
Have a life span definitely a start and the end.
Usually involve several professionals and departments.
Have specific costs, time and performance requirements.
However, a project is different from program where workers are performing repetitive operations daily within…
Larson, E.W. & Gray, C.F. (2011). Project Management - The managerial process (5th Edition), New York, The McGraw-Hill/Irwin.
Martin, P., and Tate, K. (2004). Getting Started in Project Management (New York:
Programme Management Office (2012).Project Charter & Scope Statement. Institute of Technology. Dublin.
(Braunschweig; Day, 150)
Most of the current generation of project managers expects the project management tools to furnish them with almost real-time knowledge in order to facilitate their decision-making. Some of these tools like DOFF, "Field of the Future," "Smart Fields," Microsoft's "Oilfield Connectivity" and i-Fields are currently being examined by exploration and production oil companies. Some of these tools have the capability of generating information from apparently incongruent data and helping managers take important decisions based on them. (Oilfield Connectivity - Capturing the Value of the Digital Era)
There is substantial amount of risk in oil exploration and production since the concerned target is located many thousands of feet under the ground. There are a number of factors that can cause uncertainties and risks in these fields which may include the weather, people, geology, safety, and availability of tools and equipment. Agility is an important requirement in the oil…
Barkley, Bruce T. Integrated Project Management.
McGraw-Hill Professional, 2006.
Braunschweig, Bertrand; Day, Ron. Artificial Intelligence in the Petroleum Industry:
Symbolic and Computational Applications. TECHNIP. 1995.
The project manager should at all times be present to monitor and ensure that it's the correct mixing of materials being done, it's the right quality of material being used, and it's the right amount of time being given to the treatment process in the different construction phases. In the event that this is not observed, and the building is erected, there's a high probability that the building will deteriorate at an early stage before its lifespan or even collapse as witnessed almost daily Zwikael and Ahn, 2011()
As a construction is ongoing, a major contribution to its success is the relationship between the different stakeholders. This includes the architect, the engineer, the owner, the contactor and the workers. In order to smoothly run the project and limit malice and incorporation, there should be a union and set goals and objectives between all these parties so as to ensure everyone…
BUYS, A., BENDEWALD, M. & TUPPER, K. 2011. Life Cycle Cost Analysis: Is it Worth the Effort? ASHRAE Transactions, 117, 541-548.
CHRIS HENDRICKSON 1998. Project Management for Construction. 2 ed.: Prentice Hall PTR.
EHRENFELD, J.R. 1996. Risk Assessment and Management: A Critique of Current Practices and Policy Implications. Organization & Environment, 9, 376-404.
GURCANLI, G.E. & MUNGEN, U. 2009. An occupational safety risk analysis method at construction sites using fuzzy sets. International Journal of Industrial Ergonomics, 39, 371-387.
Project Management and the Transformation System
In this research paper, the author discussed he concept of project management employing in a construction firm. The author described briefly, the mission of construction organization, i.e. its product and services, intended markets, and how the product or service is distinct from those offered by competitors. The author also analyzed the scope of integration of project management concepts such as; Project Planning, Portfolio, Life Cycle, Team Management, Scheduling and Controlling the Project. Firms can benefit by integrating project management concepts to overcome the issues like team management, planning and managing. A project is considered winning if it completes on time, goes on to follows a pre-set schedule, remain within the provided budget, and finally its customers are pleased. For successful completion and for the satisfaction of costumers, it should have a specific time frame and must achieve the prior set targets by deploying resources…
Bennet F. Lawrence (2003), The management of construction: a project life cycle approach, UK: Oxford: Butterworth-Heinemann
Derek Torrington and Laura Hall (2001), Personnel Management HRM in Action, UK: Prentice Financial times
Gail Blackstone (2003), Performance Management in Project Management, UK: Journal of Personnel Management
Gelbard, R. & Carmeli, A. (2009). The interactive effect of team dynamics and organizational support on ICT project success. International Journal of Project Management, 27(2), 464 -470. doi:10.1016/j.ijproman.2008.07.005
The use of Gantt charts for enabling interprocess integration and knowledge management in the A&D industry is a best practice for also managing process-intensive projects (Singh, Keil, Kasi, 2009). These include the development of new computer systems and advanced technologies where the project needs to capture the knowledge to fulfill its objectives. Project management's core set of tools therefore needs to be focused on how to augment and strengthen project performance while also capturing process and product knowledge critical to its success (Besner, Hobbs, 2006). The combining of Gantt charts, progress reports, change requests and the use of kick-off meetings to set objectives is critical in this regard.
ecommendations to Project Managers Using the Product Launch Activity Plan
The pro-forma Product Launch Activity Plan shown in Table 1 of the Appendix is designed to provide project managers with a framework to define a Gantt chart to manage the new product…
Claude Besner, & Brian Hobbs. (2006). THE PERCEIVED VALUE AND POTENTIAL CONTRIBUTION OF PROJECT Management PRACTICES TO PROJECT SUCCESS. Project Management Journal, 37(3), 37-48.
Saumya Bhattacharya. (2009, August). Creating a project plan: The secret sauce of a project is in its planning.. Business Today.
Blackstone, J., Cox, J., & Schleier, J.. (2009). A tutorial on project management from a theory of constraints perspective. International Journal of Production Research, 47(24), 7029.
Michael Burkett. (2005, July). The "Perfect" Product Launch. Supply Chain Management Review, 9(5), 12-13.
Projects Compared - Belbin analysis
In order to find a way through which the success of teams could be predicted Dr. Meredith Belbin, a management psychologists, worked in collaboration with Henley Management College in the early 1970s. Business simulations were used in running some experiments for the research by Dr. Meredith Belbin. Participants were divided according to different psychological types such as if they are introvert or extrovert etc. It was his hope to find a team mix that is perfect. In 5 years' times he was able to establish the fact that in particular types of projects specific clusters or patterns can be made use of in order to predict the success of a team (Bennett, 2001). There is often a preference found in the minds of the individuals regarding these clusters. It was also established by him that it can never happen that one team can…
Beck, K. (2000). Extreme Programming Explained. Reading, MA: Addison Wesley.
Belbin, M.R. (1981) Management Teams, John Wiley & Sons, New York.
Belbin, M.R. (1993). Team Roles at Work. Butterworth-Heinemann, Ltd., Oxford
Belbin, M.R. (1996). The Coming Shape of Organization. Butterworth Heinemann
Project Proposal to Streamline Operational Processes
The pharmaceutical industry in general is undergoing extreme amounts of external pressures. Not only has the economic environment since the global recession been less than ideal, but there are increasing regulatory pressures and healthcare reforms that are also expected to dramatically change the environment in which AstraZeneca operates. It is in this environment that the organization must streamline its operations so that it can be more lean and flexible when adapting to the new landscape that will emerge in the near future.
This project proposal outlines a project portfolio management program that can be implemented to ensure the organization can eliminate any unneeded waste in its operations. This portfolio will be implemented across many divisions and will require a schedule of one year. Each division will have an individual project that is tailored to a scope that suites there individual department's needs.…
AstraZeneca Global. (N.d.). About Us. Retrieved from AstraZeneca Global: http://www.astrazeneca.com/About-Us
Benta, D. (2011). On Best Practices for Rick Management in Complex Projects. Informatica Economica, 142-152.
Hirschier, B. (2013, June 10). AstraZeneca buys U.S. lung drug firm Pearl for up to $1.15 billion. Retrieved from Reuters: http://www.reuters.com/article/2013/06/10/us-astrazeneca-pearl-idUSBRE95904U20130610
WHO. (N.d.). Pharmaceutical Industry. Retrieved from World Health Organization: http://www.who.int/trade/glossary/story073/en/index.html
Participatory Approaches to Development Communication
It was confirmed by Everett ogers in 1976 that the dominating paradigm towards development of communication had passed. He negated all those theories, which have been prevalent in field of communication ever since the 10950s. These theories have been diffusion-ism, and it was replaced by the new participatory approach. It was a very important and significant declaration, especially when it came from ogers, who was a seminal personality in the field of diffusion study. Not only did this new theory point out the shortcomings of the existing belief, it has highlighted and brought forth the advantages of theories related to participation of community, and that of socio-economic structures towards analysis of communication process.
It is very important to study and highlight the findings of ogers almost thirty years after their being discovered, due to their validity till date and the substantial academic application. It is…
Edwards, M. (1999). International development NGOs: Agents of foreign aid or vehicles for international cooperation? Nonpro't and Voluntary Sector Quarterly, 28(1), 25A37.
Ellerman, D. (2006). Helping people help themselves: From the World Bank to an alternative philosophy of development assistance. Ann Arbor: University of Michigan Press.
Gumucio-Dagron, A. And T. Tufte (2006), eds., Communication for Social Change Anthology: Historical and Contemporary Readings. New Jersey: Communication for Social Change Consortium.
Gumucio-Dragon, A. (2006). Knowledge, communication, development: A perspective from Latin America. Development in Practice, 16(6). Retrieved 20 April 2008 from http://www.development inpractice.org/apc_ae-v16n6x542370.html
Role of Project Manager in Different Projects
The project manager plays an instrumental role in ensuring project success. It could actually be argued that the project manager is the most important person in any project management environment (Meredith and Mantel, 2011). Essentially, the project manager carries the overall responsibility for ensuring the project is successfully planned, designed, executed, monitored, controlled, and closed (Thomsett, 2010; Young, 2013). Whereas the role of the project manager tends to be similar in virtually all projects, there could be some differences from one type of project to another (Winch, 2010; Project Management Institute [PMI], 2013). This essay critically evaluates the role of the project manager in three contrasting types of projects.
As per the conventional project management methodology, the role of the project manager stretches across four major functions: planning (laying out a plan for achieving the overall objective of the project); execution (implementing the…
One of the key elements in managing a CIS project is the periodical evaluation of a project's current status. In the process of evaluation, gathering development data and recording the necessary assessment information is essential. This method would be helpful in preserving references for the project, especially in cases that may arise where information of the project development lifecycle will be needed. This project management element is called Project Progress Reporting.
Project Progress Reporting is a periodical report of the overall status of a project, and is usually handled and administered by a project manager. This report is shared within a CIS project development team and the people that concerns the development and implementation phases of the project (i.e. developers, testers, users, project financer). It is a fundamental process in the stages of a CIS project development to circulate information within the project team to allow a smooth…
Project Smart. 10 Sept 2003. http://www.projectsmart.co.uk/progress_reporting.html
Progress Reporting - A Tool for Software Development Projects
2000. TechnoScope. 10 Sept 2003. http://www.asaenet.org/newsletters/display/0,1901,50067,00.html
Project Management/Essentials of Project Management
Nearly all businesses require project management. Having held a position as project manager with a reputable company, I have come to learn that the effective project manager is one who comprehends and is aware of the need to provide sound leadership to help deliver projects within the set budget and on time.
Being an Effective Project Manager
While working in a software company, I noticed that an effective manager must know and understand the 'iron triangle' of project management. This approach is also at times referred to as the 'triple constraints' of project management. An effective project manager is capable of taking advantage of all opportunities that present themselves during the course of the project to ensure development of team synergy (Project Smart, 2015).
This is to say that the effective project managers establish a network that is supportive of all people involved. They start…
Brown, K. A., & Hyer, N.L. (2010) Managing projects: A team-based approach. New York, NY: McGraw Hill/Irwin.
Hassan, A. (2006). Project Scheduling (PERT/CPM). CISC 322 Software Architecture. USA: John Wiley and Sons, Inc.
Huckman, R.S., Staats, B.R., & Upton, D.M. (2007). Team Familiarity, Role Experience, and Performance: Evidence from Indian Software Services. Confidential Draft. Retrieved on 18th September, 2015 from https://www.google.co.in/url?sa=t&source=web&rct=j&url=http://www.hbs.edu/faculty/Publication%2520Files/08-019_0dffce35-4c1d-4ceb-b3ad-d547bc30470c.pdf&ved=0CBkQFjAAahUKEwjevZWxmYHIAhUGcI4KHZBhCfs&usg=AFQjCNER1rq_Bx0886KAtFYW-oI8CetoDg
Jun, L., Qiuzhen, W., & Qingguo, M. (2010). The effects of project uncertainty and risk management on IS development project performance: A vendor perspective. International Journal of Project Management. 29. pp 923-933. Science Direct Database. doi:10.1016/j.ijproman.2010.11.002
Project Management- Natural Soap
atural Soaps Project>
1. Management - Direct Users or Managers of the System
a. Steve Hanely
Management Director of Natural Soaps Project
epeat the above list pattern for all management users who are direct users of the system. Next (in item #2 below), list all non-management participants. Non-management participants include clerks, secretaries, office help, administrative assistants, any anybody else who works within the system being studied.>Non-Management - Direct Users of the System
a. Jane Connoly
Consumer Product Tester for Direct Consumer Feedback<
epeat the above list pattern for all non-management users who are direct users of the system. Next, list the names of people or departments who may be affected by or interested in the system that will be studied and/or modified.>
3. Other People or Departments Affected by, Interested in, or Interfacing to the System
a. Jacob Olsen
Manager of the…
Aterido, R., & Hallward-Driemeier, M. (2009). Big constraints to small firms' growth? business environment and employment growth across firms. Business Environment and Employment Growth Across Firms (August 1, 2009). World Bank Policy Research Working Paper Series, Vol.
Shrivastava, P. (1995). Environmental technologies and competitive advantage. Strategic management journal, 16(S1), 183-200.
There are several benefits that a global consumer electronic firm could derive from inter-project learning.
First, inter-project learning allows firm to enhance project completeness. Prencipe, & Tell (2001) argue that inter-project learning allows firms to execute a project in a best method. In the present competitive market environment, project is the key to the dynamic competitive capabilities. Typically, accumulation of knowledge builds project competencies, which could enhances market performances of a global consumer electronic firm. Experience has revealed that project-based firm has been able to record high profit in the market environment. ( Brady, and Davies, 2004).Through inter-project learning, a global consumer electronic firm will be able to better estimate the project costs and this will enhance ability to deliver the project with success. Moreover, the inter-project learning will enable the company to estimate the project risks efficiently. By better evaluating the project risks, the project manager will be…
Anbari, F.T., Carayannis, E.G. And Voetsch, R.J. (2008) Post-project reviews as a key project management competence, Technovation, Vol. 28, pp.633-643.
Brady, T. And Davies, a. (2004) Building of the Project Capabilities: From Exploratory to Exploitative Learning, Organization Studies, Vol.25, No.9, pp.1601-1621.
Prencipe, a. & Tell, F. (2001). Processes and outcomes Inter-project learning: knowledge codification in project-based firms. Research Policy. 30: 1373 -- 1394
Project schedule and risk management are some of the most important components of project management. These components play a crucial role in project planning, which is a process used to organize various areas of a project such as workloads and management of the project team. Project schedule basically refers to a listing of the activities or tasks, milestones, and deliverables of a project that includes the expected start and finish dates ("Project Scheduling," n.d.). isk management is a process through which a project manager and team predicts risks, estimates impacts of these risks on the project, and describe reactions to these issues. This process usually involves the preparation of a risk management plan or outline in order to accomplish these goals.
Definition of What Needs to be Done:
One of the most important aspects to consider when developing a project schedule is all the work that needs to be completed.…
Harris, S. (n.d.). How to Implement An Effective Risk Management Team. Retrieved January 23,
2014, from http://searchsecurity.techtarget.com/tip/How-to-implement-an-effective-risk-management-team
"Project Schedule Development." (n.d.). Mind Tools -- Essential Skills for An Excellent Career.
Retrieved January 23, 2014, from http://www.mindtools.com/pages/article/newPPM_71.htm
Project Management Email esponse
Choosing a Project
In order to determine which of the three projects is best, it is important to conduct a feasibility study. That is done to take a careful look at each one of the projects offered and examine what they provide to the company in the future. Of course, it is not possible to know exactly what will happen, and there are only projections and assumptions that can be made with any new product launch or adjustment (Farris et al., 2010). Still, the best way to make these is through studying the feasibility of the different options provided in order to make the best and most educated plan for the future (Farris et al., 2010; Levy, 2002). This study shows that the Palomino project is going to be the recommended option between the three choices available, because it provides the most balance. There are a…
Farris, P.W., Bendle, N.T., Pfeifer, P.E. & Reibstein, D.J. (2010). Marketing metrics: The definitive guide to measuring marketing performance. NJ: Pearson Education, Inc.
Levy, D.M. (2002). Research and development. In David R. Henderson (ed.). Concise Encyclopedia of Economics (1st ed.). NY: Library of Economics and Liberty: OCLC
Review the "Lessons Learned" section of the project risk diagram. Describe how the Lessons Learned activity helps you become a stronger project manager, who else it helps in the project team and also describe how it helps PMO. 200 words
Documenting the lessons learned is one of the most important aspects of the closure phase of the project. It is important to an individual project manager because they can reflect on their performance and find areas for improvement. A project manager, with the assistance of their team and supervisors, can find areas in their management capacity in which they can work on for future improvements. They can also make note of things that went right so that they can recreate those items in the future. For instance, if a change management procedure or a communication medium worked well then the project manager will know to use these in…
Anderson, P., & Tushman, M. (1991). Managing through Cycles of Technological Change. Research Technology Management, 26-31.
Rettich, K. (2011). Using the Wiki to Deliver Paperless Software Documentation. IPCC, Professional Communication Conference (IPCC), 2011 IEEE International, 1-8.
Sarin, K. (2010, April 19). Nature of Training and Development. Retrieved October 15, 2011, from HRM Training and Development: http://www.scribd.com/doc/10041934/HRM-Training-Development
Shtub, E. (2004). Project Management: Processes, Methodologies, and Economics. London: Prentice-Hall.
Rather, the issue needs to be seen from all angles to truly evaluate the needs and responses to these risks as they are identified.
a. List the potential threats and uncertainties associated with staging the Rock 'n'
Reggae concert using the information contained in this case description.
Threats will include drunken or otherwise inebriated fans, accidental fires (especially from electricity or smoking). Also, acts of God such as weather disasters must be factored in.
b. As noted in the scenario, the capacity of the stadium is 8000. Similar sized concert data were referenced in preparation for that given year in the United States. Deaths should considered to give an adequate barometer for preparation for a worst case scenario (Upton, 2004) .
In an international study that the team used in preparation for this project, 136 hundred and thirty-six victims died in 29 separate incidents that occurred in 20 different countries/territories:…
How to organise a rock concert. (2008, June 04). Retrieved from http://community.jobscentral.com.sg/node/131 .
Upton, M. (2004, January). Risk analysis for major concert events, the benefit of hindsight. Retrieved from http://www.www.safeconcerts.com/documents/riskassessment.pdf.
Project management. Retrieved from http://www1bpt.bridgeport.edu/sed/projects/cs597/unfiled/zhipingli/report.html.
Project Libra: To Terminate or Not to Terminate
Visit www.itweek.co.uk/News/11329438 to see the string of news stories related to Project Libra. Identify some of the sources of the problems the project faces.
Project Libra exemplifies several attributes of failed projects the most notable of which is the breakdown in project team, Fujitsu Services (ICL) system integrator and enterprise software vendors. Most evident of a filed project management structure is the ballooning size of payments made during the project with literally nothing to show for it.
These are the most significant lessons learned from the failure of Project Libra. First, the British government should have had a series of measurable goals and objectives in place first and required monthly updates on project status and delays. This would have drastically reduced the confusion over just what the status of the project was, as is evident from background readings on this…
Frame, J.D. (2008). Reinventing project management: The diamond approach to successful growth and innovation. Project Management Journal, 39(1), 96-96.
Gardner, D.J. (2000). How to avoid IT project failures. Consulting to Management, 11(1), 21-23.
Sutterfield, J.S., Friday-Stroud, S., & Shivers-Blackwell, S. (2006). A case study of project and stakeholder management failures: Lessons learned. Project Management Journal, 37(5), 26-35.
Tsoukakas, J. (2001). Stop IT project failures through risk management. Interfaces, 31(6), 133-135.
Project isk Management
isks associated with projects successful completion
A project is an undertaking of human beings towards satisfying world needs. Projects are endeavors with a defined beginning and an end. Projects suffer from scope, time, cost and quality constraints. It is necessary for project managers to manage the risk of developing weak scope. Scope of a project incorporates the objectives of a project, the target population, the output and impact of that endeavor. Therefore, managers of project need to do a problem analysis, stakeholder analysis, environment analysis to know if the project is sustainable (Cleland & King, 1988). On the risk of time, managers need skills on time management. Management of projects requires one to be well versed in developing schedules. Time management involves developing systems that has a specific time of completion and start time.
Scheduling of projects includes hiring of individuals for the accomplishment of projects. There…
King, W.R. (Eds.) & Cleland, D.I., & (1988). Project management handbook (Vol. 2). New
York: Van Nostrand Reinhold.
Anbari, F. T & Kwak, Y.H., (2009). Analyzing project management research: Perspectives from top management journals. International Journal of Project Management, 27(5),
For the tax preparation software, the status would be yellow. Everything appears to be moving forward properly at this time and there have not been any reasons to get behind or to have overtime on the project. However, there is more to the issue than just what is taking place at the moment. There are concerns that may present themselves in the future, and in order to plan for these properly it is necessary to focus on what could occur based on these concerns. There are two risks that are the most important to consider. These are that it is hurricane season in Florida, where three of the developers are located, and that the one person who decided to take early retirement (and is leaving in a week) is the only person who knows how to work with the IS to get approval for the final product. All…
Dinsmore, P.C. (2005) The right projects done right! NY: John Wiley and Sons.
Ireland, L.R. (2006) Project management. NY: McGraw-Hill Professional.
Nokes, S. (2007). The definitive guide to project management (2nd ed.). London: Financial Times/Prentice Hall.
Phillips, J. (2003). PMP project management professional study guide. NY: McGraw-Hill Professional.
It is essential to determine the critical path and shortest and long paths based on the allocated time.
The network diagram for the wedding planning project also provides an understanding about the activities in the sequence they are required to be performed. It is observed that family task is preceded with invitations Lists and on the basis of this activity invitations are posted. The booking of the ceremony is also completed after this activity. On the other hand the wedding activity has two preceding activities including place finalizations and dress selection and rings, which is followed by the floral and decor as well as honeymoon. The finalization of place leads to appointment for ceremony and venue selection, leading towards the final weeding as finish of the activities.
Finalization of Place
Dresses and Rings
Rosenau, Milton D., and Gregory D. Githens. Successful project management: a step-by-step approach with practical examples. Wiley, 2011. Print.
Schwalbe, Kathy. Information Technology: Project Management. Course Technology Ptr, 2010. Print.
This can subsequently result as the massive benefits to the commercial contestants devoid of the incurring of the extra cost that pertaining to such commercial participants. The participation of the export credit agencies accompanied by the existing multilateral developments institutions normally results to the lofty stage of the ecological, employment and other supplementary social standards, which are extremely expensive and cumbersome to, accomplished.
The application these existing social standards are normally highly significant to these multilateral institutions concerning the outline policy perspectives accompanied by the chief structures and the existing projects.
These policies perspectives and the chief aims enhance the best practice that pertains to the execution of communications and the whole projects. Numerous leading private sponsors and the existing commercial lenders have finally commenced the process of incorporating of these standards. These standards include the equator principles and the other existing ecological requirements that are aimed at safeguarding of…
Al-Jassar Ahmed & Massachusetts institute of technology. 2005. International project finance.
Cambridge: Massachusetts Institute of Technology, Department of Civil and Environmental Engineering. Pages 21-234.
Dewar John. International Project Finance: Law and Practice. (Oxford: Oxford University
Publishing Press 2011)
From such goal, problems can be avoided within the process of building the house. Moreover, with the help of the process of identifying the needs first before going into the process of house construction, the course of building the house can be properly managed.
In general, within the main goal of developing a good project management practice is the goal of identifying the important procedures that must be considered to complete the main goal. Following are some of the important subordinate objectives.
To have the skill and practice of identifying important requirements for a project
To have the skill and practice of organizing a project plan before starting the process of project development.
To have the skill and practice of following a systematic process of project development.
Schedule and WS
uilding a Home
Implementing a good project management in planning and building a home.
Input: Identified requirements for building…
Demonstration of Feasibility and Use of Report.
Retrieved on Feb. 01, 2005, from ITI.ESA Online.
Web site: https://iti.esa.int/iti/resource/ITI_proposal_b_example.pdf.
Getting Started, Building a Custom Home.
PINCE2 is used in both the public and the private sector. It is mainly used in the UK by the government, but the method is successfully applied internationally also. PINCE2 is useful because it focuses on business justification, it supports a well established organization structure for the project management team, it provides a product-based planning approach.
The method also focuses on segmenting the project into several stages that can be easier managed and controlled. Users find this method to be quite flexible. This means that the method can be applied to different levels of the project.
PINCE2 offers two qualification levels: PINCE2 Foundation, and PINCE2 Practitioner. But the advantages of PINCE2 go further than that, including: increased control of resources, the ability required for managing business and project risk with increased efficiency.
The main customers of PINCE2 are: individuals that need to gain project management skills, individuals looking for more…
About CompTIA (2008). The Computing Technology Industry Association. Retrieved December 11, 2008 at http://www.comptia.org/about/default.aspx .
About PRINCE2 (2008). Office of Government Commerce. Retrieved December 11, 2008 at http://www.prince2.com/what-is-prince2.asp .
Project Management: Case Study in Managing a Complex Shipyard Project in Singapore
Background of Complex Shipyard Construction Project
Project Overview and Objective
ork Process of Building Construction
Issue Analysis in Shipyard Construction Project Management
Literature Review of Project Management
Issues in Scope Management
Methodology of Scope Management
Lessons Learned from Scope Management
Issues in Cost Management
Methodology of Cost Management
Lessons Learned from Cost Management
Issues in Human Resources
Methodology of HR Management
Lessons Learned from Human Resource Management
Case Study in Managing a Complex Shipyard Construction Project in Singapore
This paper introduces the special features of a completed shipyard project, together with its construction and human resource management processes as well. The organization of the paper provides an introduction to the topic, an overview and background of the In the first part, this project illustrates overview of the complex background of a complex ship-building project as…
Guide to the Project Management Body of Knowledge. Best Practices for Project Scope Planning. [Online]. Available: http://www.tensteppb.com/5.2.02TSProjectScopePlanningTechniques.htm .
About Us. (2004). Keppel Shipyard. [Online]. Available: http://www.keppelshipyard.com/corporate/aboutus.asp.
Badiru, Adedeji Bodunde. Quantitative Models for Project Planning, Scheduling and Control. Westport, CT: Quorom Books, 1993.
BP awards U.S.$20 million follow-up job to Keppel yard. (July 26, 2004). Keppel Corporation. [Online]. Available: http://www.kepcorp.com/press/press.asp.
What does the acronym BATNA refer to, and why is it important to being a successful negotiator?
The term BATNA refers to the concept in negotiation theory of the best alternative to a negotiated agreement being taken in the event an agreement is not agreed on. BATNA specifically defines the resistance point that any party in the negotiation in a party decide to leave the negotiation and pursue other options.
Having a BATNA-based strategy in place is an excellent negotiation strategy is it alleviates the need to accept aspects of a deal that is not acceptable to one side or the other of a negotiation. To make this more concrete, consider the case of a person negotiating to buy a used car from a friend. From Kelly Blue Book and other secondary sources of car valuations, the friends' care is worth $5,000. The buyer decides that given the wear and…
First, this smaller cross-functional team must quantify the make clear the exact definition of the binocular series of products, starting with the development of a Market Requirements Document that will, if the product area appears attractive, will lead to the development of a Functional Engineering Specification. Stage 2 will lead to the development of a first prototype, followed by Stage 3, which will be a thorough business case preparation, where the pro forma financial statements of the project, the marketing plans including pricing, distribution, product strategies, and promotional strategies and initial engineering plans as well. Stage 4, product development, is the phase of as project where the initial cross-functional team expands significantly to include several other areas of the company. This is the phase where production processes will be added to the manufacturing centers or factories to support producing binoculars. This is the phase where the majority of time is…
Personal Learning Contract
Learning within organizations is vital to success. It is the lifeblood that grows and sustains human capital (Bassi & McMurrer, 2004; Noe, 2008; Senge, 1990) through human resource development (HD) and the management of technology which, according to Thamhain (2001), is the key to competitiveness and wealth creation.
In this essay the researcher attempts to explore the challenges he will be facing as a leader and the competencies he will need to handle these challenges. The essay is divided into two parts. Part-I reflects the challenges, difficulties, scope and required competencies to be leader in the organization and how the writer will develop himself to fulfill the requirements of the role. While in Part-II the author has stated how to keep balance among personal and professional life.
Contract Title: What I want to work on. The leadership contribution and capability I want to build.…
Argyris, C. (1992). On organizational learning. Boston, MA: Blackwell.
Axson, D. (2007). Best practices in planning and performance measurement: From data to decisions. Hoboken, NJ: John Wiley.
Bassi, L., & McMurrer, D. (2004). What to do when people are your most important asset. Golden, CO: McBassi & Company.
Besner, C., & Hobbs, B. (2008). Project management practice, generic or contextual: A reality check. Project Management Journal, 39(1), 16-33.
Project Management Concepts
Question 1; the Triple Constraint
The term triple constraint refers to three interdependent factors which will act as constraints on the way projects are completed. The triple constraints, which may also be called the 'project triangle', will be found in all projects, they are the factors of time, cost, and scope. Successful projects are usually defined as those which are delivered at the right time, within the correct budget, and to the specified scope. These different influences converge, to understand their interrelationship each factor may be considered individually, followed by a discussion on the way in which the influence each other.
The time constraint refers to the timescale in which the project should be delivered, meeting the required completion schedule. For a project to be delivered on time it is essential there is effective time management exercised within the projects, ensuring that each stage of the project…
The culture is fantastic, and very distinctive. The county has a blend of Portuguese and African influences. Cape Verdean music is well-known in world music circles and we feel there is tremendous opportunity to capitalize on the richness of Cape Verdean culture. There is a large Cape Verdean diaspora that lends additional nuance to the culture.
The infrastructure is still relatively poor, but has been improving in recent years. There is not much paved road, although the roads to our location from the capital and its airport will be paved. The airport at Praia is brand new, having just been opened five years ago, overcoming a major infrastructure hurdle. The main problem we have now is that most of the flights are domestic -- the only international ones are from Lisbon, Boston and some African cities. e need to see more European flights to that airport if we are to…
CIA World Factbook. (2010). Cape Verde Central Intelligence Agency. Retrieved January 29, 2010 from https://www.cia.gov/library/publications/the-world-factbook/geos/cv.html
No author. (2009). Cape Verde's largest island struggles to balance tourism, development. Turkish Weekly. Retrieved January 29, 2010 from http://www.turkishweekly.net/news/79681/-cape-verde-s-largest-island-struggles-to-balance-tourism-development.html
No author. (2007). Cape Verde tourism keeps booming. Afrol News. Retrieved January 29, 2010 from http://www.afrol.com/articles/22309
It did not however help to alleviate the confusion of software development. The order from AlphaTech had a much more galvanizing effect on the software aspects of the project, which still was significantly miscalculated as the company reverted to 80-hour work weeks to get the project done. Overall however the project management tools on the Jaguar project did change behaviour over time in that there were greater levels of accountability for performance. As is the case with any new methodologies or approaches to completing work there was also significant resistance to change. This is entirely expected given the fact that many of the engineers had exceptional levels of freedom in the past.
3. What were the unintended consequences of using the project management tools? What lessons should Teradyne take way from the Jaguar project?
The first unintended consequence was the fact that Teradyne just accelerated what they did well and…
The author offers detailed information concerning what might be expected by the company as they endeavor to complete a contract. The author also explains the risks associated with certain contracts.
Performance assessment is another important issue that arises in the book. Kerzner asserts that the performance of workers should be assessed for several reasons. One of the primary reasons for assessment is to determine both the mistakes and the successes experienced by a team when working on a project. These experiences can be used to assist management teams in the future. Additionally assessment can be used to offer team members incentives. These incentives will provide the team members with the motivation needed to excel in the future. It is important that organization also establish for workers a system in which what is expected of them is evident. Some projects fail simply because people do not understand what is expected of…
Kerzner H. (2006) Project Management a systems approach to planning, scheduling and controlling. Ninth edition. Wiley Publishing
Project Life Cycle:
The most initial phase in the conception of the home began with the financing of the projected costs associated with the entire development of the home. As described, the bank, to which the customer obtained their financing, was also in charge of assigning the developer who stood in as the highest project managing agent. According to the limitations of financing amounts provided by the bank to the customer, the specifics for the completion of the home were dictated. As available through this budget, each category of management was directed according to the financial specifics that were handed down from the bank to each descending sector of construction. Upon the agreement of these initial phases and the definitive associations given to each crew's categorical confines, the execution of the building process was then set to begin. Distributing the responsibilities and the necessary materials among these categories, the primary…
Denton, Raj. 2001. The Steps of Project Management. Pensington Press, New York, NY.
Gatlin Education Services. 2007. Retrieved from the World Wide Web, August 19, 2007. http://www.gatlineducation.com/projectmanagement.htm
Home-Repair.com. 2007. The homebuilding timeline, retrieved from the World Wide Web; August 19, 2007. http://www.repair-home.com/Home_Building_Timeline
Smartdraw.com. 2007. Gantt charts; http://www.smartdraw.com/resources/signup_srv.htm?src=srv&edition=0&ext_ref=trialsurvey&custom2=7259327&custom3=1375&custom4=D3656B92-66ED-4E80-AFEA-2C8FF72A44E6&custom1=gan
Project Management Accreditation
A project is a temporary group endeavor, with an agreed beginning and duration time frame, organized to produce a unique product, service or result. (PMI 2011) A distinguishing characteristic of a project is that it is progressively detailed as the project is better understood by the people working on it. Another characteristic of a project is that it is not a routine operation, although a project may be assembled for the purpose of establishing the procedures that ultimately become routines. Owing to the temporary nature of projects, managers, team members and specialists are assembled for a stated period of time; they often have never worked together before as most of the team members are drawn from regular operating units. Examples of projects are software development, the construction of a building or bridge, a disaster relief effort, or a drive to expand a sales territory in…
International Project Management Commission. Retrieved February 10, 2011 from http://www.certifiedprojectmanager.org
PRINCE2. Retrieved February 10, 2011 from http://www.prince2.com/us
Project Management Institute. Retrieved February 10, 2011, from http://pmi.org
ProjectSmart, Malcolm Wheatley, "The Importance of Project Management." Retrieved February 10, 2011 from www.projectsmart.co.uk
What is the difference between leadership and management? How do these two terms relate to a project manager?
Leadership defines the vision and mission for a project or business, and then orchestrates the many departments and divisions together for their fulfillment. A strong project leader will also seek ot unify diverse teams by concentrating on making the wide range of talents all combine for greater accomplishment than one person or team alone could attain. In short, a leader know how to use a strong, compelling vision and mission to unify diverse teams and people to a common, challenging goal or objective.
While a leader defines a vision or mission for a business, a manager is given the responsibility of making sure all departments, functional areas of the company and external stakeholders are all orchestrated to a common set of performance metrics. Managers are given the task of ensuring…
Small LAN's Inc. installed a Local Area Network at the new Spring Academy Childcare Center. The project came in a few weeks late becaue of a failure in the planning procees and the overall partner's communications. "In directing the intent of the project, the plan must clearly identify the project objectives, goals, and any special influences or constraints on the project scope." (Stuckenbruck, 100) In order to compete in the twenty first century, Small LAN's Inc. turned in a rather low bid to acquire this work and with today's tighter corporate budgets and reduced resources, Spring Academy Childcare Center accepted.
For this particular project, the project scope consisted of Small LAN's Inc. taking the lead in purchasing all necessary equipment and then professionally installing an entire network over the course of twenty three days. The project had a start date of May 17, 2002. The deadline…
Deal, Terrence E., and Allan A. Kennedy. The New Corporate Cultures: Revitalizing the Workplace After Downsizing, Mergers, and Reengineering. Cambridge, MA: Perseus Publishing, 1999.
Kennedy, Allan A. The End of Shareholder Value: Corporations at the Crossroads. Cambridge, MA: Perseus Books, 2000.
Madu, Christian N. Management of New Technologies for Global Competitiveness. Westport: Quorum Books, 1993.
Stuckenbruck, Linn C. The Implementation of Project Management: The Professional's Handbook. Reading: Addison-Wesley Publishing Company, 1981.
The project I was involved in is in the IT industry. It involved a team of five individuals: a project manager, three developers and a tester. The final deliverable was the completion of a module of the larger application, namely a model that involved several calculations in Excel and the development of a set of charts and graphics. All human resources were involved at the time of development. Other resources included computers and software applications that were necessary in the process.
There were several project management tools used. One of the most important was the project status reports. The project status report allowed the project manager (and, in fact, any of the members of the team) to give an immediate answer to top management when asked about the evolution of the project. The project status report appeared as one of the most comprehensive instruments. It shows not only…
1. Minnesota Health Insurance Exchange. (2012). Project Status Report. On the Internet at https://www.mnsure.org/images/BC9-1-ITAttachmentM.pdf . Last retrieved on January 20, 2014
2. 5 Essentials for your Project Status Report. 2013. On the Internet at http://www.projectmanager.com/5-essentials-for-your-project-status-reports.php . Last retrieved on January 20, 2014
3. Scheduling and Budgeting. On the Internet at https://www.jlab.org/div_dept/directorate/proj_mgmt/manual/300scheduling.pdf . Last retrieved on January 20, 2014
4. Work Authorization System. On the Internet at http://project-management-knowledge.com/definitions/w/work-authorization-system/ . Last retrieved on January 20, 2014
Usually, this may happen when the client changes some of his initial requirements and part of the modules need to be changed. In these cases, the resource allocation mechanism is a fundamental instrument of the organizing function.
The directing and control functions of management somehow are connected when it comes to project management. The reason for this is that the directing function provides the necessary supervision for the tasks to be performed, while the control functions ensures the necessary feedback system, which evaluates the performance results and feeds this back into the directing phase for changes.
In the software industry, the directing and control functions of project management are not only operated from within the organization, but also in relation with the clients, who are usually the entities that provide the best feedback as to the capacity of the application to match exactly their requirements. While the quality assurance and…
1. Baars, Wouter. July 2006. Project Management Handbook. DANS - Data Archiving and Networked Services
2. Whitty, Stephen; Schulz, Mark. 2007. The impact of Puritan ideology on aspects of project management. International Journal of Project Management.
3. Thayer, Richard H. And Yourdon, Edward (2000). Software Engineering Project Management, 2nd Ed
4. Heerkens, Gary (2001). Project Management (the Briefcase Book Series). McGraw-Hill
Implementation of the Plan
The implementation program will focus on the five crucial aspects that will run concurrently: provision of funds, educational programs, development of Voluntary Counseling and Testing centers, availability of ARV drugs, and awareness campaigns (Kartikeyan p. 388). In the achievement of the goals and objectives of the implementation plan, it is ideal to have the financial resources. This implementation plan seeks to increase the size of the healthcare budget by the government towards the course of HIV and AIDS elimination. These financial resources will be crucial towards the execution of other components of the implementation plan such educational programs and campaigns, training of the personnel to offer VCT services, and other relevant services. It is, therefore, ideal to increase the size of the healthcare budget by setting aside about $1.5 billion towards this course. NGOs and IGOs will also chip in towards the contribution of the financial…
Juma, Monica K, and Jennifer Klot. HIV / AIDS, Gender, Human Security, and Violence in Southern Africa. Pretoria, South Africa: Africa Institute of South Africa, 2011. Print.
Rohleder, Poul. HIV / AIDS in South Africa: 25 Years on Psychosocial Perspectives. New York:
Springer, 2009. Print.
Abdool, Karim S. S, and Karim Q. Abdool. HIV / AIDS in South Africa. Cape Town: Cambridge
The project selected for this study is the opening of a new restaurant in New York City. This restaurant will be named: "Home Grown." It will be fashioned after the restaurant-creation in the television program "Fifteen" in the U.K. Food Network, a cable television channel has decided to open the restaurant by hiring fifteen trainees. The trainees will be taught all the requisite skills to chefs. Along with that they will also be able to assess the related needs of the restaurant industry. Jamie Oliver, the mastermind behind "Fifteen" in the U.K. has been selected to head this project along with his sous-chef who would be monitor the daily operations in NY City. The restaurant is to open on Christmas Eve, 2004 and it is hoped that it will be a success. Food Network has a budget of ten million dollars earmarked for this project. Any profits from…
Ayers, James B. (2001). Handbook of supply chain management. Boca Raton, Fla.
Alexandria, Va.: St. Lucie Press;
Baar, James E, & Jacobson, Stephen M. (2004). Forecasting-What a Responsibility. Cost Engineering., 46, 1, 19
Conducting a successful and, especially, useful project audit is not an easy task and several elements need to be considered, including keeping track of the overall organizational objectives, determining the proper metrics, as well as the instruments that need to be used in order to reach those metrics and following the general auditing good practices that are in use in the industry (Elyse, 2010).
The audit process is usually described as a "structured independent review to determine if project activities comply with organizational and project policies, and procedures" (Nielsen, ), so this explains, in part why the audits should be conducted by independent reviewers. The main reason for this is obviously the fact that independent reviewers tend to be more objective in their evaluation and, as a consequence, will provide conclusions that are not biased, as they could be if internal reviewers were used.
b) Student 1: The internal reviews…
1. Nielsen, Dave. Project Audits. On the Internet at http://ezinearticles.com/?Project-Audits&id=3443497 . Last retrieved on September 29, 2011
2. Stanleigh, Michael. Undertaking a Successful Project Audit. On the Internet at http://www.bia.ca/articles/UndertakingaSuccessfulProjectAudit.htm . Last retrieved on September 29, 2011
3. Elyse. Taming Chaotic Project Management. On the Internet at http://www.anticlue.net/archives/001039.htm . Last retrieved on September 29, 2011
This focus on the key success steps associated with a project is an effective way to concentrate on the most critical problems, rather than focus on every possible potential problem. In addition, while some would say that it is better to prepare for the worst and think of every possible problem, this in itself can be a waste of resources and can reduce the amount of focus on the most important potential problems.
The next important issue is how to manage identified risk. This process is one that requires careful balance. Most importantly, the resources put into a project need to be balanced effectively. For example, consider a project where a potential major risk is identified, but it only has a 1% chance of occurring. Is it beneficial to invest a large amount of resources to reduce the impact of this risk? In most cases, the answer will be no.…
Daft, R.L. (1997). Management. Fort Worth, TX: The Dryden Press.
Department of Information Resources (2003). Process for analyzing and managing project risk. Retrieved April 28, 2005, from Department of Information Resources (Texas). Web site: http://www.dir.state.tx.us/eod/qa/risk/
Focused Performance. (2005). Critical chain and risk management: Protecting project value from uncertainty (part 1). Retrieved April 28, 2005, from Focused Performance. Web site: http://www.focusedperformance.com/articles/ccrisk.html
Robbins, S.P., Bergman, R., & Stagg, I. (1997). Management. New York: Prentice Hall.
Problems and risks related to contracted a new company relate both to cost, safety measures and legal liability. The primary consideration is cost, as this is the major problem related to the issue mentioned above. The first requirement for the new company would then have to be a cost that is as close as possible to the price to date charged by Walkers Ausgas before the increase. Being a transport company, safety is also of utmost importance. Hence, it has to be ensured that the new company will deliver a service either of similar or higher quality than Walkers Ausgas. Pricing and quality therefore have to be in optimal balance in order to minimize the risk of legal liability.
pecifically then, the risks include the following:
afety is one of the most important issues at Kingsgrove. Ensuring that proper testing and certification measures are in place minimizes the…
Australian Institute of Petroleum. Petroleum Topic Fact Sheet. Retrieved June 18, 2006 at http://www.aip.com.au/industry/fact_alt_fuels.htm .
Beer, T., Grant, T., Brown, R., Edwards, J., Nelson, P., Watson, H., and Williams, S. (2000). Life-cycle Emissions Analysis of Alternative Fuels for Heavy Vehicles - Stage 1 CSIRO Atmospheric Research Report C/0411/1.1/F2 to the Australian Greenhouse Office, March 2000.
Hill, R. (2000). Converting $12.4 million into Improved Greenhouse Performance. Media Release. Leader of the Government in the Senate. Minister for the Environment and Heritage. August 21, 2000. Retrieved June 18, 2006 at http://www.deh.gov.au/minister/env/2000/mr21aug00.html.
Werner, C. (2006). National Clean Bus Update. Environmental and Energy Study Institute. Retrieved June 18, 2006 at http://www.eesi.org/publications/Newsletters/Clean%20Bus%20Update/March%202006.htm
The case involving Ozkites is showing how the company has the ability to seize upon new opportunities. However, to be able to take advantage of the increasing demand requires focusing on: the organizational structure and recruitment strategies. Together, these elements will highlight the challenges impacting the firm and how they can be effectively addressed in the future. This is the point that the company can meet this demand and increase their bottom line results in the process.
A matrix organizational structure is utilized when a company is taking a decentralized approach when it comes to their operation. This means that personnel and resources will work together as a cohesive unit. Yet, at the same time, different entities are working independently of one another. The basic idea is to utilize this approach to take advantage of everyone strengths and weaknesses. Moreover, there is a focus on arranging…
Economies of Scale, 2013, Investopedia. Available from: [11 May 2013].
Compton, R, 2009, Effective Recruitment, CCH, North Ryde, pp. 15-71.
Galbraith, J, 2008, Designing Matrix Organizations, Wiley, Hoboken, pp. 75 -- 84.
Miller, F, 2011, Recruitment Processing Outsourcing, VDM Publishing, New York, pp. 12-41.
Project Management & Development
Information Technology Financial Justifications
The implementation of information technology in diverse types of business has been considered as a prolific aspect in companies' operations nowadays. Software, systems, and applications are utilized to support the diverse organizational structures and functions of every business procedures. However, behind every decision made in the development and employment of innovations in information technology, it would be beneficial to consider financial study and analysis.
Many corporate establishments consider software applications such as udgeting and Planning Software and ERPs as essential tools in their business. This is due to the fact that such software provides favorable assistance in their operation. Hence, these products are part of business' financial considerations. An article in CFO.COM indicates such case stating that For some companies, ERP software has become the number-one line item on their IT budgets.
A and they're willing to invest in software that helps…
Nyberg, Alix. Maximizing Your Optimizing.
CFO.COM. August 23, 2003. http://www.cfo.com/article/1,5309,6628,00.html?f=related
Goff, John. What CFOs Really Think About Technology.
CFO.COM. August 22, 2003. http://www.cfo.com/article/1,5309,6617,00.html?f=related
Assessing Risks as Part of Project Management
The paradox of risk is that it can often be planned for yet rarely occurs in the manner that project managers expect when initiating a new program or project. The paradox of risk is that its severity and costs from a time and resource standpoint, in addition to constraint-based nature, rarely can be entirely planned for or anticipated, especially in the context of large-scale, fast-moving projects (esner, Hobbs, 2012). The intent of this analysis is to explain how risks emerged during the launch of two new products and explain how they initially emerged and eventually helped the project to meet and exceed customer requirements.
Analysis of Risk in High Technology
The overall costs of risk to a project can be catastrophic if not budgeted for initially in the project plan and project costs (esner, Hobbs, 2012). eing part of the new…
Besner, C., & Hobbs, B. (2012). The paradox of risk management; a project management practice perspective. International Journal of Managing Projects in Business, 5(2), 230-247.
Thamhain, H. (2013). Managing risks in complex projects. Project Management Journal, 44(2), 20-35.
Determine which project might be implemented and why (e.g. feasibility study or breakeven analysis etc.)
The project which has the potential to provide the greatest return is Stargazer. Using a feasibility study, this will offer the firm with a number of benefits that will help it to increase its bottom line results. This is occurring with the OI rising by 56% in three years. Over seven years, is when the firm will realize an OI of 130.40%. ("Project Management Email," n.d.)
Moreover, it has been going through continuous research and development. This increases the likelihood that it will be completed on time. When this happens, the firm will have fixed costs and can be the first in their industry to introduce it to the marketplace. These variables will have a positive influence on the brand images of the company by demonstrating how they are the leader inside the…
Project Management Email. (n.d.).
Project Management Techniques:
Signatures Inc. is a company that focuses on manufacturing personalized products like coffee mugs and pens with company logos. The firm generates over $40 million in annual revenues with a workforce of more than 300 workers. Since the company is in the middle of a large multimillion-dollar SCM implementation, it has hired a project management outsourcing company to take charge of its project management efforts. The decision to outsource its project management initiatives is based on the challenges it has experienced in middle of this costly implementation process. Actually, Signatures' implementation of the expensive SCM project has been failing because of three major reasons. The three reasons are the use of traditional waterfall methodology, failure to follow SDLC and skipping the testing phase, and the development of the project plan during the analysis stage, which was never followed or updated by the old project manager. Therefore, the…
Fisher, A. (2013, November 22). 4 Steps to Turning around a Troubled Project. CNN Money.
Retrieved December 23, 2013, from http://management.fortune.cnn.com/2013/11/22/4-steps-to-turning-around-a-troubled-project/
Symonds, M. (2013). Project Management: One Size Does Not Fit All. Retrieved December 23,
2013, from http://www.techrepublic.com/blog/it-consultant/project-management-one-size-does-not-fit-all/
(Davis, 2004) It is also crucial that project management have specifications that can be tested to meet definable standards of quality or the project will be a likely source of conflict. Ultimately, achieving a specific goal of quality, within a specific time limit and according to a certain standard is the point of the process of project development, not simply to meet a time goal, nor to meet a budget, nor to execute a design perfectly. (LASER, 2004) The ideal of quality is that all such goals must be commensurate.
All elements must come together at the same time to meet a specific organizational goal during the project lifecycle. It is easy to be blind to one element when one is fixated on design or budge. The aim of a theory of quality that encompasses design, cost, and specific goals on a timetable is to merge these ideas into one,…
Davis, Rob. (2004) "Five Common Problems that occur during software development." Software Testing Engineer. Retrieved 13 Jan 2004 at http://www.robdavispe.com/free2/software-qa-testing-test-tester-2011.html
LASER. (2004) "Process Programming and workflow." U-Mass Amherst Website. Retrieved 13 Jan 2005 at http://laser.cs.umass.edu/process.html
Eventually, the final project at Verizon was realized at its fullest scope. There was an elimination of the need for " a resource-draining, in-house application designed for keeping track of labels," and a "more tightly controlled promotion model that allows developers and managers to know that software builds and deployments are accurate and complete" was created (MKS: Case Study -- Verizon ireless, 2004, MKS). Processes were subject to more standardization with more uniform codes, now "sandboxes' that permitted multiple developers to edit same file simultaneously and the enhanced communication between it project teams created cost savings despite the time devoted realizing the completion of the project (MKS: Case Study -- Verizon ireless, 2004, MKS). The scope of the project did not alter so much as it suffered from a time frame that had expanded. Frustrations regarding technological difficulties with mixed operating systems and constructing a uniform code and scheduling approach,…
Chatfield, Carl & Timothy Johnson. (2007). A short course in project management. Microsoft Office Project 2007 Step-by-Step. Retrieved 1 Sept 2008. http://office.microsoft.com/en-us/project/HA102354821033.aspx#Project
Jenkinson, Lance. (2008). Change Cycle. Retrieved 1 Sept 2008. CCMC. http://www.changecycle.com/changecycle.htm
McConnon. (2004). Change management. PowerPoint. Retrieved 1 Sept 2008. (http://info.worldbank.org/etools/docs/library/118009/Integrated%20Financial%20Management%20Systems%20in%20Governments%20-%20Nairobi%20(Nov%202004)/Change%20Management.ppt
MKS: Case Study -- Verizon Wireless. (2004). MKS. Retrieved 1 Sept 2008. http://download.mks.com/downloads/MKS_casestudy_VerizonWireless.pdf
In each individuals identified responsibilities, there is an aspect in which accountability is designated. In each instance, it will be this team member's role to keep others on task and moving according to the consult of scheduling.
3. At the start of the project, responsibilities and leadership roles have been distributed ensuring that every member is aware both of the steps necessary to complete the project and of the individual expectations pertaining to them within the scope of the project. In distribution, we would determine that the skills are present to suggest this plan is executable.
Likewise, based on the enthusiasm shown by all team members for entering into the context of the inner-city for project execution, it is fair to argue that the courage for proper implementation is present amongst us. The confidence also present is strengthened by the projection of schedule, which gives us roughly ten months across…
The challenges for the project managers relative to protecting the digital rights of the book are tough to counter, outside of creating a special ink that cannot be accurately photographed digitally or scanned. To attempt this strategy of creating ink that is not easily duplicable would have significantly increased the production costs, squeezing margins on the book as it moved through distribution channels. The risks of electronic duplication at this point can only be met with litigation against those distributors who violated the embargo, thereby making it possible for those fans wanting to gain notoriety by posting pages before the book was available to get the attention they want, even if it means ruining to books' value. In summary, the project managers did assess and respond to the risks they could foresee, and outside of significantly increasing the production cost, they did mitigate the larger risks of the books being…
Chapin (2007). Vancouver 2010 Olympic Winter Games. Information Technology Overview. March, 2007. Ward Chapin.
Sutton (2007). Vancouver Olympics 2010's CIO starts training. Neil Sutton. Computerworld Canada. June 14th, 2007. Downloaded July 20th, 2007 from location: http://www.itworldcanada.com/a/ComputerWorld/10cd14aa-3fae-4c01-a7e2-5242397f9a1e.html
Therefore, it is recommended to thoroughly evaluate the company's culture in order to determine how the company in case usually influences the project management culture. Based on this evaluation, project managers can develop successful strategies (Sharma, 2010).
The approach of companies towards training programs is an important factor that must be taken into consideration. Some companies prefer to rely on the experience and knowledge of their project managers. However, this does not suffice in order to develop successful projects. It is also necessary to invest in training programs for these project managers, because this improves their skills and determines the success of the projects they are involved in. Therefore, it is important to include this in the company's culture.
2. The steps in project management are represented by: definition, planning, execution, and delivery. The definition step consists in determining the objectives, specifications, tasks, teams, and responsibilities of the project. The…
1. Mochal, T. (2003). Organizational Culture and Structure Influence Project Management More than You Realize. TechRepublic. Retrieved August 31, 2011 from http://www.techrepublic.com/article/organizational-culture-and-structure-influence-project-management-more-than-you-realize/5035216 .
2. Hauck, C. (2007). How to Choose the Right Project Management Office Structure for Your Organization's Culture. Collegiate Project Services. Retrieved August 31, 2011.
3. McGunagle, D. (2011). How Do Leaders Influence Your Organization's Culture? Retrieved August 31, 2011 from http://www.globalstrategicmgmt.com/blog/bid/62999/How-Do-Leaders-Influence-Your-Organization-s-Culture .
4. Sharma, R. (2010). Project Success Through Optimized Project management Environments. Retrieved August 31, 2011 from http://www.brighthub.com/office/project-management/articles/67154.aspx .
Insurance companies enjoy large profit margins in the insurance industry. A reason for these margins would be the project management ability of firm employees to effectively management risk. Project management tools enable managers to effectively manage inherent risk with project implementation and management.
An example of a project management issue at an insurance firm is provided by Pula & Stone (2003), "The authors' research shows that customer relationship management (CM) projects can achieve higher rates of return by work on data quality. Existing and new data need to be integrated and shared, with updates synchronised among many different systems. These systems (including operational, analytical and customer contact applications and databases) were rarely designed to work together and the data they collect and use are not normally collected, structured or quality-assessed for the CM purposes for which they are eventually used." (Pula, Stone, 2003)
The block quote is to…
Chase-Jacobs-Aquifano: Operations Management for Competitive Advantage, 11th Edition. The McGraw Hill Companies, 2005
Lind, D., Marchal W., Wathen S. (2010). Statistical Techniques in Business & Economics. 14th Edition. McGraw-Hill Irwin
Pula, E.N., Stone, M., & Foss, B. (2003). Customer data management in practice: An insurance case study. Journal of Database Marketing & Customer Strategy Management, 10(4), 327. Retrieved fromhttp://search.proquest.com/docview/233337595?accountid=13044
Like things information technology management, business intelligence typically implemented form a "project" --, a special kind organizational arrangement set specific things a specific period time, opposed a regular ongoing part organizational structure.
Project management: My experience
"To be successful in the field of BI, a project team needs members with an understanding of and appreciation for the information needs of the user community as well as the technologies" (Wu 2005: 1). It is not enough for a project manager to know how the technology works 'for himself.' He or she must know why, how, and if the technology will be useful to others and will have applications in the field. The project manager must truly be someone who can wear two hats: he or she must be fully abreast of developments in the field and thoroughly understand the technology of the project. Yet the manager must also be…
Wu, J. (2005) Characteristics of an outstanding business intelligence project manager.
Information Management Magazine. Retrieved at:
Project Management and Scope Control
Every experienced project manager can attest to the constant threat posed by a phenomenon known as scope creep, wherein the prudently planned objectives of a particular project are unwittingly permitted to swell in a seemingly independent fashion. When budgets slowly begin to balloon and an unending stream of employees are added superfluously to a project's staff, the scope of a project, or "all of the work involved in creating the products of the project and the processes used to create them" (Schwalbe, 2011), has experienced scope creep despite the project manager's best intentions. The five-pronged process of project scope management currently advocated by industry experts includes (1) the collection of specific requirements, (2) a precise definition of the project's scope, (3) the creation of a Work Breakdown Structure (WBS) document, (4) verification of scope via inspection and acceptance of deliverables, and (5) the ongoing effort…
Schwalbe, K. (2011). Information technology project management. (6th ed.). Boston: Course Technology Ptr.
Integrated project management involves the practice of ensuring that the various elements of the project are effectively and efficiently coordinated. This involves making trade-offs amongst competing objectives and alternatives with the aim of meeting or exceed stakeholder needs and expectations. The project management system plays a critical role in the process of allocating resources to a given project or task. esource allocation involves the development the project plan, determining the various resources required in order to accomplish the project successfully and implement the designed plan. Although this may seem like a relatively simple activity, it is a highly complex task that requires skilled personnel and an effective project management system in practice. This is mainly because the acquisition of resources requires funds, which is a limited resource in itself. In fact, the project management team must be skilled in the use of limited resources. This may include the…
Lock, D. (2007). Project management. Aldershot, England: Gower
Meredith, J.R. & Mantel, S.J. (2011). Project Management: A Managerial Approach. John Wiley & Sons
.....project management approach is increasingly becoming popular in today's workplace. Organisations are ever more recognising the benefits of accomplishing tasks and activities as projects -- better task coordination, quicker task execution, and so on (Larson et al., 2013). The author's organisation, a renewable energy firm with operations in Australia and beyond, has particularly been shifting to the project management approach in recent years. The organisation is currently interested in acquiring or merging with a suitable rival to improve its market share and competitive advantage. The merger or acquisition process is often not an easy undertaking. It requires proper planning and execution. With the application of project management concepts, however, the process can be easier. This report analyses the relevance of various project management concepts to the merger or acquisition process. Attention is particularly paid to the project environment, project definition, time and cost estimation, project plan, risk management, resource scheduling,…