Chapter 1 Review Question 1. Define a project. What are five characteristics that help differentiate projects from other function carried out in the daily operations of the organization? A project is a temporary endeavor undertaken to create a unique product‚ service‚ or result. Five characteristics: 1. An established objective. 2. A defined life span with a beginning and an end. 3. Usually‚ the involvement of several department and professionals. 4. Typically‚ doing something that has never
Premium Project management Management
Acme Title Pawn Group: KPSN Consultants Overview Summary of case Ethical issues present in the case Discuss dilemma faced by decision makers in the case Application of Ethical theories 1. Utilitarianism 2. Universalism 3. Ethical Relativism Recommendations References Summary Acme Title Pawn was in the business of providing loans to a target market consisting of mostly high risk customers‚ example‚ gamblers‚ persons with little or no credit history and those with
Premium Credit rating Credit history Credit
Completion 7 Control Plan 7 Revised Estimate at Completion 8 Schedule 2 9 Summary and Conclusions Section 10 References 11 Executive Summary This document comprises of several sections that are financial analysis of a new Indoor theme park project. The financial analysis of any project is very vital for any project since it gives an opportunity to better understand where on the project the project team is and what is needed to be done to improve the project. For example if
Premium Project management
Paper – 3.2 PROJECT MANAGEMENT Project Management Unit – 1 Concepts of Project Management: Project – Meaning – Nature – Types of project and project life cycle – Project management – Nature and scope of project management – Project management as a profession – Role of project manager. Unit – 2 Project Identification and Formation: Project environment – Identification of investment opportunities – Project screening – preferability study – Project selection – Project formulation
Premium Project management
Restaurant for Fried Ice Cream Table of Contents * Project Overview * Risk Management *Project and reasons for considering it a project * Equipment & labor needed * Statement of Work *Activity objectives *Work Breakdown Structure * Sequence CPM * Management & Resource Management *GANTT diagram * Revenues & Expenses Budget *Network Diagram *RAM Diagram * Conclusion & Recommendations Reasons for considering it a project: *It has a specific Start and End date (from June
Premium Project management Management
Technical Paper It Project Management Student name: Instructor Name: Date: Introduction There is an old adage which insists “time is money.” While simple‚ in concept‚ it has been proven true‚ in fact. In a global‚ technologically driven society‚ however‚ the very idea of time has changed. Having once implied a spanning space between the hours of “nine to five” relative to the person or organization from whose vantage money was viewed‚ time is
Premium Project management
1 project is defined as a collaborative enterprise‚ involving research or design‚ that is carefully planned to achieve a particular aim.[1] Projects can be further defined as temporary rather than permanent social systems or work systems that are constituted by teams within or across organizations to accomplish particular tasksunder time constraints. 2 1. Administrative: Administrative projects involve intellectual workers. The scope may change as the project proceeds. 2. Construction:
Premium Project management
Memane SUBJECT : Project Management LECTURER : Mr. C Marnewick PROJECT MANAGEMENT ASSIGNMENT 3 Table of Contents Project Scope statement………………………………………………….2 Work Break down Structure ……………………………………………3 Gantt.............................................................................................................3 Scope verification and change control……………………………………4 1. Project Scope Statement Project Title: Recreation and Wellness Intranet Project Date: 30 March
Premium Project management
Southern New Hampshire University | Week 1 Written Assignment | In Partial fulfillment for MS Operations and Project Management | 1-14-2012 | Name and briefly describe the primary goals of a project? According to Figure 1-1 of our text book‚ the three primary goals of a project are: 1) Performance: One has to ask themselves during a project if you have met the objectives of the project. Performance can be measured by evaluating the processes such as scope verification‚ quality planning‚ quality
Premium Project management
PROJECT SCOPE DEFINITION & WORK BREAKDOWN STRUCTURE 1.1 Project Scope: Project scope is defined as "The bounded set of verifiable end products‚ deliverables‚ or outputs that the project team undertakes to provide to the stakeholders of the project" Success of a project is highly dependant on achieving the right results i.e. scope objective. Meeting the scope objective is also the primary test of effective performance by project management. It may be noted that unless the project is completed as
Premium Work breakdown structure Project management