#3 1. If I were in Lauren’s shoes‚ I would make sure it’s clear to the strategic management group that my estimate – a more detail/micro estimate – came in well over their initial macro estimate. That being said‚ I would also provide upper management with the ideas (outsourcing‚ change scope‚ cancel project..) developed with stakeholders in the brainstorming meeting. Simply moving forward with the project after finding such a large gap in estimates would be a terrible idea that would most likely
Premium Management Project management Plan
Djenane Jeanty Project Management Context Professor C. Lennon Module V 11.17.12 Abstract Project managers carefully manage slack on sensitive resource-limited projects (Larson and Gray‚ p.295). If possible‚ they will add slack at the end of the project by committing to a completion date that goes beyond the scheduled date. Eliyahu Goldratt (1997) advocates an alternative approach to managing slack. He championed the “theory of constraints” and has coined the term “critical-chain” recognizing
Premium Project management
Project management has quickly become something that is used by most organizations when the organization wants to finish a project in a timely manner and within budget. Project management helps companies to meet their strategic mission in a planned and organized way. This paper will explain what project management is and the importance of it to the business world‚ the project life-cycle management and the benefits that project management has to an organization and the concept that goes into
Premium Project management Management
The Process for the Software Project Management Plan CEC500: Software Project Management Mr. Frank Gutcher Team 5: Junzhen Shao Yuze Jiang Ren Zhang Table of ContentsTitle PageTable of ContentsChange historyOver viewReference1 Managerial Process Plan 1.1 Start-up Plan 1.1.1 Pre-task plan 1.1.2 Estimation Plan 1.1.3 Staffing Plan 1.1.4 Staff Training Plan 1.2 Work Plan 1.2.1Schedule Allocation Plan 1.2.2Resource Allocation plan
Premium Project management
Project Management Project management is the discipline of planning‚ organizing‚ securing and managing resources to bring about the successful completion of specific project goals and objectives. Some Facts! One fifth (1/5) of the world’s GDP (U.S. $12 trillion) is being spent on Projects. With projects being mandated on such large scales – a shortage of 6 million skilled project professionals is expected by 2013. It’s the only profession where the income levels continued to rise despite the
Premium Project management
1. What are the reasons the author advances the project management to be considered an "accidental profession?" The twelve guidelines are presented in no particular order. Order them by level of importance and explain your reasoning 2. Where would you place yourself in Figure 2? 3. A few of the guidelines are related to the need to understand the reason for the project in the first place. Which guidelines would you place in this category? Why is this so crucial? 4. Why
Premium Management Scientific method Logic
or renewed interest in the field of project management? IT is growing at a rapid rate and with that growth demands people to manage this growth. People I think are more trained to be project managers and also there is new software that helps tremendously with the management part of the tasks. So demand is up‚ skilled workers are up‚ and the cost benefit is there for this renewed interest. 2. What is a project‚ and what are its main attributes? How is a project different from what most people do
Premium Project management
Project Proposal Our initial Statement of Need showed the City of Lompoc having many neighborhoods without parks. There were no neighborhood parks where the children of the community could congregate and have picnics and barbeques. The Lompoc city Council decided to budget for the landscaping and construction of two community parks. One would be located on the North East and one located on the South East side of the city. Providing the additional city parks would enable communities from both
Premium Project management
IEE04 : Project management Feb 2013 A. Explain the following four major components of cost of project…………. aug12‚feb12 1. Material Cost 2. Utilities cost 3. Labor cost 4.Factory overhead cost Ans: 1. Material Cost: the most important element of cost‚ the material cost comprises of the cost f raw material‚ chemical‚ components and consumable stores required for production. It is a function of the quantities in which these materials are required and the prices payable for them. While estimating the
Premium Net present value Capital budgeting
Strayer University IT Project Management Assessment CIS 517 1. Summarizes how the project manager or team exhibited exceptional and ethical project management practices. Often‚ the project manager (PM) is faced with an issue that is not easily resolved by theory or the knowledge acquired from formal training. These types of problems are usually not of a technical nature and more often tend to be ethical or human resource issues (Stare‚ 2011). The satisfactory answer is often
Premium Project management Management