Module: Fundamentals of Project Management Module Code: FPM12/1 Assignment number: 1 © Milpark Fundamentals of Project Management FPM12/1 Assignment 1 Year 12A / Page 1 Assignment Guidelines Guidelines for the successful submission of assignments Students are sometimes unsure as to what constitutes work of an acceptable standard when submitting an assignment. Naturally‚ programmes offered at different NQF Levels demand different types of responses. An NQF Level 4 or 5 qualification probably
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Budget Management One of the major tangible benefits of project management is budgetary savings. Project managers control budgets and make decisions about how best to allocate resources in the process of working toward a project’s objectives. In the end‚ the difference between coming in under budget or having an overrun is a function of workforce efficiency and project management. The money that project managers save their businesses increases the project’s return on investment and remains available
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Project Management in High-Tech Organizations: A Field Study 1. Title: Project Management in High-Tech Organizations: A Field Study 1. Investigators (co-investigators) Clay Spinuzzi‚ University of Texas at Austin 1. Hypothesis‚ Research Questions‚ or Goals of the Project I seek to answer the following research questions: * How do people in high-tech knowledge work organizations manage projects? What tools and texts do they use? * How‚ and to what extent‚ do they collaborate
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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
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Executive Summary A success or a failure of a project depends who is making the assessment. The primary objectives of the project owner and the project contractor must be considered. These objectives are the deliverables that the project owner expects and which the project manager is employed to achieve. The primary objectives for any project can be grouped under three headings: time‚ cost and quality. The aim is to achieve success in all 3 aspects of the project. At times it is necessary to identify one
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QUIZ 2 IN MGT05: OPERATIONS MANAGEMENT PROJECT MANAGEMENT 1) Which of the following statements regarding Bechtel is true? A) Its competitive advantage is project management. B) Bechtel was the construction contractor for the Hoover Dam. C) While helping to rebuild Iraq‚ Bechtel’s crews had to travel under armed escort. D) Bechtel’s procurement program is global in nature. E) All of the above are true. 2) Which of the following statements about Bechtel is true? A) Even though Bechtel
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The advent of project management has been most profound in C)Information technology Which of the following is not considered to be a characteristic of a project?A)An established objectiveB)A clear beginning and endC)Complex tasksD)Only for internal useE)Never been done before3 INCORRECT From among the following activities‚ which is the best example of a project?A)Processing insurance claimsB)Producing automobilesC)Writing a term paperD)Completing a college degreeE)All of these are good examples
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Introduction to Project Management Study online at quizlet.com/_b4d9c 11. 9. 9 Project Management Knowledge Areas Figure 1-2 Project Management Framework Knowledge areas describe the key competencies that project managers must develop 4 core knowledge areas lead to specific project objectives (scope‚ time‚ cost‚ and quality) 4 facilitating knowledge areas are the means through which the project objectives are achieved (human resources‚ communication‚ risk‚ and procurement
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An Approach to Project Management Projects should not be confused with everyday work. A project is not routine‚ repetitive work. Ordinary daily work typically requires doing the same or similar work repeatedly‚ while a project is done only once; a new product or service exists when the project is completed. Recognizing the difference is important because too often resources can be used up on daily operations‚ which may not contribute to longer-range organization strategies that require innovative
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1) Which of the following statement is true a) Project management is becoming a slandered way of doing business b) Project management is increasingly contributing to achieving organisational strategies c) Project management is being used at a consistent percentage of a firms efforts d) Both a and b are true e) A‚ b and c are all true 2) Which of the following financial models are typically included in a project a) Payback b) Npv c) Internal rate of return
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