Project Management Concepts OPS 571 April 8‚ 2014 Professor Arun Iyengar Project Management Concepts Abstract Project management involves the planning‚ directing‚ and supervision of resources (people‚ materials‚ equipment) to perform a specific project. Three elements of a project includes the organizational structure‚ the Work Breakdown Structure (WBS) and the Statement of Work (SOW). This paper will describe the three structuring projects associated with a project which includes Pure Project
Premium Project management Work breakdown structure
Portfolio management Chapter 1: Introduction 1. The Project 1.1 Problem statement in brief 1.2 What contribution it will make & to whom 1.3 Background of Company in brief 2. Introduction to Portfolio Management Services 3. Attributes of the Portfolio Management Services - Promptness of Services - Quality & flexibility of services - Service charges - Track record of the company - Minimum interest required - Database & computerization - Research division - Reporting - Networking
Premium Investment Stock Structured interview
An essay on ‘What is Management’ Management is both art and science. It is the art of making people more effective than they would have been without you. The science is in how you do that. There are four basic pillars: plan‚ organize‚ direct‚ and monitor. Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business‚ political‚ cultural or social are involved in management because it is the management which helps and directs the various efforts
Premium Management Human Goal
Ray Gritsch Our Project Management Team has assessed the three projects that Piper Industries Corporation has proposed. Our project management team has made the following recommendations based on the available facts and projects given. Project Keys: Key 1: Project to be completed no later than 12 months Key 2: Project must meet budget restrictions Key 3: Project must generate acceptable revenue Deliverables: Time Budget Resources Margin of error Revenue Proposed Project: Project Juniper is a current
Premium Project management Management Planning
there are organizational issues and have hired a project team to identify additional gaps‚ develop an action plan and to implement those actions. Although it has been communicated that these changes will soon occur we have not received any formal information about the major changes that will happen nor has the timeframe for the changes been communicated. After completing the project manager course and understanding the purpose of project management skill set I now can identify some issues that challenges
Premium Project management Management Leadership
Chapter 04 Defining the Project Multiple Choice Questions 1. The method used to collect information to use through all phases of the project life cycle is called A. Responsibility matrix B. Organization breakdown structure C. Work breakdown structure D. Priority matrix E. Work package 2. Jose is looking at a document that outlines the specific tasks and subtasks required to complete the writing of a technical support manual. The method that was probably used to develop the document
Premium Project management
Project Management Office (PMO): A Project Management Office (PMO) is a group or department within a business‚ agency or enterprise that defines and maintains standards for project management within the organization. The primary goal of a PMO is to achieve benefits from standardizing and following project management policies‚ processes and methods. A PMO generally bases its project management principles‚ practices and processes on some kind of industry standard methodology such as PMBOK (Project
Premium Project management
The Evolution of Project Management discipline‚ its Values and Importance of the Strategic and Operational Dimension which exist within the Project Management Function 1.0 Introduction The history of project management has being in existence since man started erecting building. The main attention was given to the erection of the building itself‚ the management of the people and material were given less interest. This paper would look at the evolution of project management as a discipline in
Premium Project management Construction
PRO ARNAN P r o j e c t M a n a g e m e n t PROJECT MANAGEMENT P H I L O S O P H Y Project management‚ as a professional service must provide a greater degree of time and cost control through the application of more effective communication‚ co-ordination‚ administration and management. Pro Arnan encourages an integrated and motivated professional and construction team whose function it is to achieve timeous completion of a facility‚ without sacrificing good design‚ quality and a well-functioning
Premium Subcontractor Construction Management
Project Management Plan Project Title: Shed Construction at Lot 90 38-42 Wharf Road Project Description: Development of single storey shed workshop. Project Manager’s: A Person Project Agency: Fred’s Sheds Prepared For Audience Project/Organization Role Mr Jones Owner Occupier Prepared By Document Owner(s) Project/Organization Role A Person C & A Constructions / Project Manager Project Version Control Version Date Author Change Description 1.0.0 12/05/2011 A Person Document created
Premium Project management