organization whose realization helps achieve the strategic organizational goals‚ taking into account the available resources (Beric‚ Jovanovic & Jovanovic 2012). In order to select the correct investment project with the greatest profitability‚ technological opportunity‚ (least) development risk and appropriability (to organisational strategies) (Meredith & Mantel 2006)‚ analysis of project selection options will assist in the decision on where to invest the proposed $20‚000. Both numeric and
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best method to manage a project team. In the functional project management organizational structure‚ "the project is assigned to the functional unit that has the most interest in ensuring its success or can be most helpful in implementing it" (Mantel & Meredith‚ 2006). This organizational structure has been considerably one of the oldest methods used however‚ remains one of the most successful. The functional method is best used when applied to routine work functions and to support the value of work
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Project Management Post-Graduate Diploma in Business Management (Year 2011-13) Dr. V K Gupta Institute of Management Technology Ghaziabad Course Background and Objectives: Project management has become crucial for operations in industries such as construction‚ information technology‚ IT‚ hospitality‚ and engineering and new product development. At one time project management was limited to civil and construction engineering programs where it was highly quantitative
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production time by 1 percent and reduce scrap from the current rate of 1 percent down to one-half percent (Meredith‚ 227) .The other advantage of implementing the change without the consent of the production team would be that it would get done at a faster pace. The current management structure was such that it took a lot of time and energy on the employees’ part to come to a decision (Meredith‚ pg 229). 2. If Norm decides to consult the team prior to implementing the change the number one issue
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References: Heerkens‚ G. (2002). Project management. New York: McGraw-Hill. Kerzner‚ H. (2001). Project management: A systems approach to planning‚ scheduling‚ and controlling. New York: John Wiley. Meredith‚ J & Mantel‚ S. (2003). Project Management: A managerial approach. New Jersey: John Wiley & Sons. Pinto‚ J. (2010). Project Management: Achieving Competitive Advantage‚ Second Edition. New York: Prentice Hall.
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term. (Larson‚ & Gray‚ 2011). Issues/Problems Identification: There are two main problems that are discussed 1) there does not exist a plan of action on how to achieve the short and long term goals upon which the managers have agreed‚ 2) the lack of control that the Founder/President really has over the company and achieving the goals‚ 3) lack of project’s priority and 4) keeping the competition from taking away key personnel that will help them enter into HGC market (Larson‚ & Gray‚ 2011)
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References: Burke‚ R. J. 1969‚ Methods of Resolving Interpersonal Conflict‚ PM Network‚ Personal Administration‚ July-August 1969‚ International Personnel Management Association. Meredith‚ J. and Mantel‚ S. 2009‚ Project Management: A Managerial Approach‚ (7th Edition)‚ John Wiley and Sons
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project team members recognize the different people who define and influence the work environment‚ understand their unique roles‚ and know how to work with these people to create the greatest chances for successfully completing projects” (Portny‚ Mantel‚ Meredith‚ “Shafer‚ Sutton‚ & Kramer‚ 2008‚ p. 60). Mohammadreza (2008) acknowledges “stakeholders as individuals and organizations that are actively involved in the works‚ or whose interests may be affected as a result of works execution or completion”
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How does resource scheduling reduce flexibility in managing projects? Meredith and Mantel (2000‚ 302) state that a schedule is the conversion of a project action plan into an operating timetable. As such‚ it serves as the basis for monitoring and controlling project activity and taken together with the plan and budget‚ is probably the major tool for the management of project. In a project environment‚ the scheduling function is more important than it would be in an ongoing operation because
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CD181‚ 6pgs 27. Lynch & Cloutier (2003)‚ “5 Steps to Success”‚ ASQ Six Sigma Forum Magazine‚ Vol.2‚ Iss.2‚ p.27-34 28. Maylor (2007)‚ “Beyond the Gantt chart: Project Management moving on”‚ European Management Journal‚ Vol.19‚ Iss.1‚ p.92 29. Meredith & Mantel (2003)‚ “Project Management: A Managerial Approach‚ John Wiley & Sons 30. Mott Macdonald website‚ www.mottmac.com/projects/?id=8017‚ www.mottmac.com/projects/?id=290 31. Rakos (1992)‚ “The Virtues of the Time-Bar Chart”‚ Computing Canada‚ Vol
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