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
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the Champion certification level. However‚ Green Belt certification examinations are cumulative in that they cover the material required for both Champion and Green Belt certification.) QUESTION: Provide a non-technical definition for “Six Sigma” management. Answer: It is an organizational initiative designed to create breakthrough improvements in manufacturing‚ service and administrative processes. For example‚ Motorola established a goal to reduce defects 10-fold with a 50% reduction in cycle time
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customer database as well as having secure links over which credit card data can be received. In addition‚ the company wants its management information system (MIS) enhanced so that it can trawl its databases and send targeted information to customers on properties that are likely to be of interest to them. It is predicted that‚ if successfully implemented‚ this project should increase sales of France Vacances’s products by 20 percent through the introduction of this internet-based booking system
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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
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Case Summary: Bonnie Brewer and Stacy Kim have opened a small caf which sells good coffee and fine chocolate. As their six-month lease is expiring‚ the two women are trying to develop a strategic plan for how their caf will grow. They see themselves differentiating their duties‚ expanding their menu‚ offering delivery service‚ and even establishing a Web site to help advertise. Chapter Topics Related to the Case: Discuss the process of strategic planning Differentiate between the concepts of strategic
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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
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[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
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Car Showroom Management System (Project Report) Submitted to DEPARTMENT OF COMPUTER SCIENCE AND APPLICATIONS By Aditya Kumar jha Reg.no:10RNSB5030 In partial fulfillment of the requirements for the award of the degree BACHELOR OF COMPUTER APPLICATIONS THE OXFORD COLLEGE OF SCIENCE (Affiliated to Bangalore University) BANGALORE - 560102 October 2012 DECLARATION I‚ Aditya Kumar Jha bearing USN number 10RNSB5030‚ hereby declare that the dissertation entitled “Car Showroom Management
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Project Report of VIOM IMPEX (Our Motto Is “GOOD QUALITY & GOOD SERVICE") ZINK INGOT BRASS INGOT Application for • • • Machinery Term Loan of Rs. 65 lacs Various Working Capital Limits of Rs. 1000 Lacs Bank Guarantee of Rs. 50 Lacs VIOM IMPEX Our Motto Is “GOOD QUALITY & GOOD SERVICE" Index Sr. No. Particular Page No. 1 2 3 4 5 6 7 8 Executive Summary of the Project About the Promoters / Partners Project Cost and Financial Highlights Term Stipulations Other Project Details
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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
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