Project Management Paper 1 Project Management Joyce A. Jones MGT/437 September 22‚ 2010 John Haley‚ Instructor Project Management Paper 2 Project Management Paper In this paper I will attempt to explain the definition of a project‚ basic phases of a projects lifecycle and their purposes and the importance of organizations using project management in accomplishing tasks. Project Management Body of Knowledge (PMBOK) defines projects as “temporary endeavor undertaken to create
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Evaluate the industry structure of luxury goods industry(40%). Industry structure of luxury goods industry should be analysis from Porter’s five forces model which are threat of entry‚ threat of substitute products‚ the power of suppliers‚ the power of buyers and rivalry among existing competitors. Threat of entry depends mainly on the entry barriers and the likelihood and capabilities of actual players to retaliate. The barriers of new entrants can be technological‚ financial‚ strategic and
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PROJECT MANAGEMENT What is a Project? According to the Project Management Institute (PMI) ‚ a project is any work that happens only once‚ has a clear beginning and end‚ and is intended to create a unique product or knowledge. It may involve only one person‚ or thousands. It may last several days‚ or many years. It may be undertaken by a single organization‚ or by an alliance of several stakeholders. A project may be as simple as organizing a one-day event or as complex as constructing a dam on
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1 Project Management is the process and activity of planning‚ organizing‚ motivating‚ and controlling resources‚ procedures and protocols to achieve specific goals in scientific or daily problems. A project is a temporary endeavour designed to produce a unique product‚ service or result with a defined beginning and end (usually time-constrained‚ and often constrained by funding or deliverables)‚ undertaken to meet unique goals and objectives‚ typically to bring about beneficial change
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PROJECT MANAGEMENT NOTES 1. Define ‘Project’. What are the main characteristics that identify and differentiate projects? Do you think that the specialized project management techniques can be applied effectively to non-engineering areas of organizational functions? Explain your answer with suitable examples. Project is a temporary endeavour undertaken to create unique product or service. Project is also defined as a unique set of coordinated and inter-related and inter-related activities
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MANAGAGEMENT: Scientific Management can be described as: It is an approach to accomplish work efficiently based on theory which focuses strongly to structure‚ formulate and split work into specialized tasks and assign them to workers in order to increase overall efficiency as well as determine effective surveillance of workers using clearly defined hierarchies and enabling the management to hold the power of decision. 2- ORIGINS: 2.1 Origin of the Term The term “Scientific Management” coined can be linked
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service‚ or result. a) b) c) d) Program Process Project Portfolio 2. Which of the following is not a potential advantage of using good project management? a) b) c) d) Shorter development times Higher worker morale Lower cost of capital Higher profit margins 3. Which of the following is not an attribute of a project? a) b) c) d) Projects are unique Projects are developed using progressive elaboration Projects have a primary customer or sponsor Projects involve little uncertainty 4. Which of the following
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Why do you think you made these mistakes? Please start this case discussion from the point of view that you are the main character - that is you are the Vice President of Marketing. So you may start the discussion beginning with "I am to blame for the current state of affairs because I did not understand ... " (fill in why you are to blame‚ what did you not do and what did you do that helped create the current situation) I am to blame for the current state of affairs because I did not do
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1. What is project management? Key understanding of Project Management in changing world How can a small business succeed in a rapidly changing world‚ with changing customer desires‚ new competitors‚ new technology‚ and new suppliers hitting us from all directions? The answer is project management. Project management helps us realize our dreams‚ take an advantage of opportunities‚ and solve our problems in changing times. We’ll put project management into simple language and learn how we can
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• The training type I recommend that House Handy should provide to new members if they want the new salespeople to be successful is to start them out on the internet and with a CD-ROM. On page 348 in the book titled Relationship selling it states‚ “Most companies use a mix of training methods‚ including on-the-job training‚ classroom training‚ and role playing.” With that said I believe they will benefit more out of having a combination of all three. The training will differ from that of experienced
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