How to Be an Effective Project Manager? Instructions 1. Define the scope of the project clearly. Make sure to know when you are finished. This may mean breaking a project into smaller phases if it is a large-scale project. Get the team to agree to the scope at the beginning and document what success looks like. Have a clear discussion of what the project is and more importantly‚ what it is not. This will flush out assumptions people may have that differ from reality. 2. Know the team and what
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MIND MAP PROJECT MANAGEMENT PROFESSIONAL PROJECT MANAGEMENT PROFESSIONAL document issued by the project initiator or sponsor authorizes the existence of a project Project Charter provides the project manager with the authority to apply organizational resources to project activities the document that describes how the project will be executed monitored‚ and controlled any unique and verifiable product‚ result‚or capability to perform a service that is required to be produced to complete a process
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Information technology (IT) industry in India has played a key role in putting India on the global map. IT industry in India has been one of the most significant growth contributors for the Indian economy. The industry has played a significant role in transforming India’s image from a slow moving bureaucratic economy to a land of innovative entrepreneurs and a global player in providing world class technology solutions and business services. The industry has helped India transform from a rural and agriculture-based
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Globally all asset classes were in turmoil as US Federal Reserve has hinted that they may be withdrawing quantitative easing in gradual fashion as US economy is strengthening. India has also felt the tremor. INR has depreciated against USD by 5% while touching life time low at 60.73‚ yield on benchmark 10 year Government bond inched up by 22 bps while Sensex was down by 2.4% during the month. India’s foreign exchange reserves has hit a ten month lows to $287 billion from a high of $320 billion in
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A Process View Difficulty: Easy Keywords: process‚ inputs‚ outputs 6) Inputs to a process can include human resources. Answer: TRUE Reference: A Process View Difficulty: Easy Keywords: inputs‚ process‚ resources 7) Every process has a customer. Answer: TRUE Reference: A Process View Difficulty: Easy Keywords: process‚ customer 8) A nested process refers to a process within a process. Answer: TRUE Reference: A Process View Difficulty: Easy Keywords: nested process
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The name "Indian" was first applied to them by Christopher Columbus‚ who believed mistakenly that the mainland and islands of America were part of the Indies‚ in Asia. So‚ when the Europeans started to arrive in the 16th- and 17th-century they were met by Native Americans‚ and enthusiastically so. The Natives regarded their white-complexioned visitors as something of a marvel‚ not only for their outlandish dress and beards and winged ships but even more for their wonderful technology - steel knives
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A Tale of Two IS Projects The reservation system at airlines such as WestJet and JetBlue is essential to their everyday existence and would impede their ability to conduct business efficiently and confidently. According to Laudon‚ the reservation system contains passenger information‚ airport flight times and flight destinations‚ it allows passengers to choose seats for flights‚ collects payments‚ and connects to airport kiosks which allows passengers to check-in for a flight‚ check their bag
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believe that managing a project is something easy and that a project manager’s job is not that difficult. But what they do not know is that managing a project can be really difficult. In order to become a good project manager you need to have some characteristics such as a strong technical background‚ hard-nosed manager‚ mature individual‚ someone who is currently available‚ someone on good terms with senior executives‚ a person who can keep the project happy‚ one who has worked in several departments
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for "Political‚ Economic‚ Social‚ and Technological analysis". It is a part of the external analysis when conducting a strategic analysis or doing market research‚ and gives an overview of the different macro environmental factors that the company has to take into consideration. It is a useful strategic tool for understanding market growth or decline‚ business position‚ potential and direction for operations. COMPOSITION Political Factors It includes government regulations and legal issues and
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Capital Budgeting Methods for Corporate Project Selection In a 2001 Graham and Harvey survey of 392 chief financial officers (CFOs) asked “how frequently they used different capital budgeting methods?” Approximately 75% of the CFOs replied that they use net present value (NPV) or Internal Rate of Return (IRR) always or almost always (Smart‚ Megginson & Gitman‚ 2004‚ pg. 251). Projects are viewed as capital investments in the corporate world‚ and as such‚ are evaluated closely for their possible
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