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
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
How is a project different from what most people do in their day-to-day jobs? A project is defined as a temporary activity; this means that they do not last forever‚ while a day-to-day job is best describe as the ongoing core business of an organization. Projects are unique endeavours that are not compatible with the day-to-day model and activities of an organization. Projects have to be specially undertaken outside of the normal operations to create unique product‚ services and conditions
Premium Project management Management
[pic] Project Management for Business (BMGMT 3203) Department : School of Business Course Name : Bachelor of Business Management Unit Controller / Examiner : Chee Wei Ming E-mail : chee.weiming@yahoo.com Individual Assignment 1 This assignment carries 20% of the total mark for Project Management for Business. It must be submitted to the course lecturer Mr. Chee Wei Ming by the 12th of December 2012. The assignment must have a cover sheet giving your name and student number‚ and
Premium Project management Management Gantt chart
that Altex had to submit to the Army‚ within 60 days after contract award‚ a formal project plan for the two-year ATMP effort. Contracts at that time did not require that a risk management plan be developed. A meeting was held with the project manager of R& D to assess the risks in the ATMP effort. PM:“I’m in the process of developing the project plan. Should I also develop a risk management plan as part of the project plan?” Sponsor:“Absolutely not! Most new weapon systems requirements are established
Premium Project management Management World War II
“PROJECT CONVEYOR BELT” ______________________________ “PROJECT CONVEYOR BELT” ____________________________________________________________ ____ The following documents are detailed reports on our project proposal entitle “Project Conveyor Belt”. If you have any questions regarding “Project Conveyor Belt” please do not hesitate to contact Jasmi Bin Md Aris (GP00456) Attachments:Part 1 - Attachment #1: WBS Outline. Part 2 - Attachment #1: Gantt Chart Part 2 - Attachment #2: Network Diagram
Premium Project management
Chapter 13 Project Management © 2008 Prentice-Hall‚ Inc. Introduction Most realistic projects are large and complex Tens of thousands of steps and millions of dollars may be involved Managing large-scale‚ complicated projects effectively is a difficult problem and the stakes are high The first step in planning and scheduling a project is to develop the work breakdown structure Time‚ cost‚ resource requirements‚ predecessors‚ and people required are identified for each
Premium Project management Program Evaluation and Review Technique Critical path method
Any project must be well planned especially if a number of people and activities will be involved. It is the task of the project management to ensure that various tasks required in the project are completed in time. Operational researchers developed a method of scheduling complex projects shortly after the Second World War. This scheduling is called network analysis and is usually known as Critical Path Analysis (CPA). While Program Evaluation Review Technique (PERT) will analyze the involved
Premium Critical path method Project management Program Evaluation and Review Technique
SIM335 Managing Project essay SIM335 Managing Projects - Task 1 Question 1: Network diagram (activity on node) ‘The network diagram is defined as a graphical presentation of the project’s activities shows the planned sequence of work’ Burke (2003‚ p.131). It is also called as precedence diagramming method (PDM). ‘It is a method of constructing a project schedule network diagram that uses boxes or rectangles‚ which referred to as nodes‚ to represent activities and connects them with arrows that
Premium Project management Critical path method
Project Management What is a project “Operations Management” is concerned with the transformation of inputs and resources into outputs. The transformation system to be used is dictated by the charateristics of the required inputs and the desired outputs. For instance‚ for mass manufacturing (where outputs and inputs are standardized‚ and products facing high demands are produced in very large quantities)‚ the transformation system may take the form of an “assembly line” (as in automotive
Premium Project management Critical path method