2/1/2013 12MCOM03: Project Management SESSION – 6 & 7 j ‚ y Project: Time‚ Cost & Quality Estimating Projects • Estimating – The process of forecasting or approximating the time and cost of completing project deliverables. – The task of balancing the expectations of stakeholders and the need for control while the project is implemented • Types of Estimates – Top-down (macro) estimates: analogy‚ group consensus‚ or mathematical relationships – Bottom-up (micro) estimates: estimates of
Premium Project management Work breakdown structure Cost
II. Project development and design A. Project formulation CONCEPT PAPER ON STARTING UP A RESTAURANT BUSINESS By Fresin INC. 5/f‚ Atrium Building‚ Makati Ave.‚ Makati City‚ Philippines August 2012 INTRODUCTION Starting up a restaurant is a lot like having children. Everyone tells you how much work and dedication it will be‚ but you are still so excited. The excitement may cause something in the back of your head tells you it might just be a lot of fun and not so much work. Don’t
Premium Management Finance Strategic management
Journal of Project Management 27 (2009) 435–446 www.elsevier.com/locate/ijproman Analyzing project management research: Perspectives from top management journals Young Hoon Kwak *‚ Frank T. Anbari 1 Department of Decision Sciences‚ Funger Hall 411‚ School of Business‚ The George Washington University‚ 2201 G Street‚ NW‚ Washington‚ DC 20052‚ USA Received 7 June 2008; received in revised form 10 August 2008; accepted 14 August 2008 Abstract This paper examines project management research
Premium Management Project management
the Champion certification level. However‚ Green Belt certification examinations are cumulative in that they cover the material required for both Champion and Green Belt certification.) QUESTION: Provide a non-technical definition for “Six Sigma” management. Answer: It is an organizational initiative designed to create breakthrough improvements in manufacturing‚ service and administrative processes. For example‚ Motorola established a goal to reduce defects 10-fold with a 50% reduction in cycle time
Premium Six Sigma Control chart Failure mode and effects analysis
Importance of Team Management skills for a Project Manager How can one define Team Management in the sense that it can be understood easily and clearly? What are the critical components for effective team building? Team management is simply handling your team in a way that the desired task or mission is achieved by avoiding the conflicts that might occur in the process. A good project manager has effective team management skills. He is the driving force behind the project and is responsible
Premium Project management Management Project manager
Qualification Unit number and title Extended Diploma in Construction & the Built Environment Unit 7 Project Management in Construction and the Built Environment Learner name Assessor name B HUCKLE Date issued Hand in deadline Submitted on 8th October 2014 5th November 2014 Assignment title The Construction Team and Resource Management In this assessment you will have opportunities to provide evidence against the following criteria
Premium Construction Project management Management
element of strategic management? Answer | a. | formulating cross-functional decisions | | b. | implementing cross-functional decisions | | c. | evaluating cross-functional decisions | | d. | eliminating cross-functional decisions | Which statement about organization for project management is best? Answer | a. | The overall structure of the organization specifies how project team members should communicate with the project manager. | | b. | The internal project team structure specifies
Premium Trigraph Project management
STUDY GUIDE EMPM5103 Principles of Project Management CENTRE FOR GRADUTE STUDIES STUDY GUIDE EMPM5103 Principles of Project Management First Edition (September 2011) Writer: Dr David Goh Publisher: Centre for Instructional Design & Technology Open University Malaysia First Published: September 2011 Copyright © Open University Malaysia (OUM) All rights reserved. No part of this work may be reproduced in any form or by any means without the written permission of
Premium Project management Management
Improvement de Mexico‚ SA de CV Expansion Project Plan Project Masters‚ LLC Tyler M. Falcone Chanda M. Morris Sean P. Riley Michael S. Wenthold AMBA640‚ Section 9244 Professor Williams April 24‚ 2010 Table of Contents Executive Summary 1 Introduction 3 Existing Knowledge 3 Work Breakdown Structure (WBS) 5 Dependencies 7 Construction Analysis 9 Required Resources 11 Pre-Construction: 11 Construction: 12 Project Completion and Final Inspection: 12 Delivery
Premium Project management Construction
10 Marks: Q:- Discuss the project termination strategies Ans: Project Termination Project termination is one of the most serious decisions a project management team and its control board have to take. It causes frustration for those stakeholders who sincerely believed - and in most cases still believe – that the project could produce the results they expected‚ or still expect. The project manager and his or her team members‚ very important stakeholders of the project as well‚ will feel that they
Premium Cost Cost accounting Costs