Project management is the discipline of planning‚ organizing‚ motivating‚ and controlling resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time-constrained‚ and often constrained by funding or deliverables)‚[1] undertaken to meet unique goals and objectives‚[2] typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual (or operations)‚[3] which are repetitive
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PROJECT MANAGEMENT Foreword Project is designed to produce a result of giving birth of a products‚ a service or an improvement with a definite beginning and ending and given the clear goal and objectives. I order to successfully implement a project‚ planning‚ organizing‚ motivating‚ controlling resources‚ procedure are the process and activity designed to meet a specific goals. There are 2 challenges of project management process: its constraints including scope‚ time‚ quantity and budget and the
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Project Charter Colorado Spring Welcome Home Parade QI CHEN Project Management January 24‚ 2015 Abstract This project charter is planned to help O’Donnell & O’Donnell LLP who will lead the project management team take place the parade smoothly. This parade for welcoming home troops will be organized in Colorado Spring which has a long history of military. This project charter’s goal is making sure project management team and sponsors understand
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The Super Project Introduction General Foods (GF) expects Super‚ a new powdered dessert‚ to capture 10% share of the total dessert market (2% coming from the erosion of Jell-O sales). The company’s Financial Analyst has issued a memo comparing three alternative techniques for project evaluations‚ illustrating the problems and limitations inherent in using ROFE (return on funds employed) and payback as evaluation methods. The disparate ROFE results obtained with these methods are due to differences
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Chapter 1: 1. Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization? A project is a complex‚ no routine‚ off-time effort limited by time‚ budget‚ resources‚ and performance specifications designed to meet customer needs • An established objective • A defined life span with a beginning and an end • Involvement of several departments • Doing something unique • Time‚ cost ‚ and performance
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1-Why are successful projects so important to Hewlett-Packard? Successful projects have increased odds for continued and better success. The success repeals teams use a system that can improve communication within a company. This systematic process can be repeated and improved and others can learn the process then train to develop "a learning organization". 2. How far should an evaluation team go in trying to quantify project contributions to the firm’s mission or goals? What is the role
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the societal forces that have contributed to the need for project management. Exponential expansion of human knowledge‚ increasing number of demands or global consumption‚ managing complex projects are societal forces that had contributed to the need for project management. Increase in the demand or the global consumption leads to the need of strong project management due to which it is leading to brainstorming for making the given project possible in a successful manner‚ this is ultimately leading
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new Indoor theme park project. The financial analysis of any project is very vital for any project since it gives an opportunity to better understand where on the project the project team is and what is needed to be done to improve the project. For example if based on the analysis it turns out to be that the project is behind the schedule and over the budget as a project manager one needs to inform the stakeholders about it and ask for taking corrective actions. If the project is behind the schedule
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Project Charter Michael Marrero Project 586 03/09/2014 Ken Solheim Project Charter Project Name: Lola Business: Phoenix Rain Customs Focus Area: Frame Off Restoration to better than factory specifications Product: 1968 GMC C-10 Step side Truck Prepared By Document Owner(s) Project/Organization Role Michael Marrero Project Manager Angelina Fontaine Design Consultant Project Charter Version Control Version Date Author Change Description
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Project scope is the parameter of the project. It defines what are the deliverables‚ requirements and expectations for the project and provides a baseline to exclude unrelated works. The project manager’s job is to ensure all necessary works for the project success are included. And this process is referring to as the project scope management. Project scope management involves six processes‚ which are planning scope management‚ collecting requirements‚ defining scope‚ creating WBS‚ validating scope
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