Five Project Management Process Groups (PMBOK Guide – Fourth Edition) The five Project Management Process Groups is a breakdown of typical project management lifecycle. It describes and organizes the project from the start to the end of the project. By breaking down the activities into a group of processes‚ it makes a seemingly huge project more manageable and easier to handle. 1. Initiating‚ is where the project is formally defined‚ and authorization signed-off by top Management. Inputs
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Proposed Project Portfolio Management Process Project management has grown beyond the confines of simplistic canned applications into a discipline that is in large part process‚ combined with common sense and inspiration. The process of Project and Portfolio Management (PPM) derives from the practices common to project management‚ as expressed in applications and tools developed to help project managers collaborate with project team’s cross-enterprise. Project and Portfolio Management solutions
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The Manager and Management Accounting BUSI 0028 Sem 2‚ 2012/13 Dr. Olivia Leung © 2012 Pearson Education. All rights reserved. Accounting Discipline Overview Managerial accounting—measures‚ analyzes‚ and reports financial and nonfinancial information to help managers make decisions to fulfill organizational goals. Managerial accounting need not be GAAP compliant. Financial accounting—focus on reporting to external users including investors‚ creditors‚ and governmental
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Chapter 02 - Economists’ View Of Behavior CHAPTER 2 ECONOMISTS’ VIEW OF BEHAVIOR CHAPTER SUMMARY This chapter uses the cheating scandal at Merrill Lynch to illustrate how a manager’s view of behavior can affect decision making. It summarizes the economic view of behavior and contrasts it with other views. The chapter presents a graphical analysis of utility maximization and decision making under uncertainty. The concepts in this chapter are an important foundation for subsequent material in
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The Project Management Process Groups The Project Management Process is the application of knowledge‚ skills‚ tools‚ and techniques to project activities to meet project requirements. It is a set of interrelated action and activities performed to achieve a pre-specified product‚ result‚ or service. The Project Management Process is grouped into five categories which are: The Initiating Process Group involves the processes‚ activities‚ and skills needed to effectively define the beginning
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BUSINESS MANAGEMENT PROJECT: BASIC MANAGEMENT DECISION MAKING PROCESS TEACHER:ROBERT MACKENZIE Decision-making isanessentialaspectofmodernmanagement. This isafunction ofmanagement. Main task ofmanagementisareasonabledecision. Decision-making is a process of choosing a solution from available alternatives. The decision-makingisimportantbecauseitdeterminesbothmanagement actionandorganization. Adecisioncanbedefinedas"a choice made between alternative courses of action in a situation
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CHAPTER 1 u MENT JEeT MANAGEMENT LEARNING After reading this chapter‚ you will b • Understand the importance of proj increasing use of outsourcing for inf Describe the work involved in plannin determining the proper type of contract t management plan‚ statement of work‚ so buy analysis Discuss what is involved in conducting obtaining seller responses‚ selecti Understand the process of admin ment relationships and monito Describe the process of closin Discuss types of software availa management
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CHAPTER 5 Project Scope Management DISCUSSION QUESTIONS 1. What is involved in project scope management‚ and why is good project scope management so important on information technology projects? Scope refers to all the work involved in creating the products of the project and the processed used to create them. Project scope management includes scope planning‚ scope definition‚ WBS creation‚ scope verification‚ and scope control. It’ important to Information Technology because it is good
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Chapter 10 Quick Quiz 1. What do many experts agree is the greatest threat to the success of any project? b. a failure to communicate 2. Which communication skill is most important for information technology professionals for career advancement? c. speaking 3. Which of the following is not a process in project communications management? a. information planning 4. What popular book illustrates the concept that people are not interchangeable parts and uses the analogy that
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SYLLABUS1 Project Management Note: The outline with specific venue and time‚ and updated learning materials for the current semester will be provided to the enrolled students by the lecturer 1. COURSE STAFF Lecturer: Room: 207 Telephone: E-mail: Consultation Hours: 8.00 – 11.00 Thursday morning or by appointment Teaching Assistant: 2. COURSE INFORMATION 1 2.1 Teaching times and Locations Lecture: 8.00 – 11.00 a.m. Venue: 1 2 2.2 Units
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