10 – 05 - 2013 To Professor: Peter Wong Student Name: Chiang Ting Hin Student No.: 3012 4305 Project Management – Assignment 2 1. Managing Risk 1.1) There are four steps of risk management process. First step is risk identification. Analyze the project to identify sources of risk Create a list of all possible risks via brainstorming‚ risk profiling and problem identification. Marco risks fist‚ then micro risks. Usually organization use risk breakdown structures in conjunction with
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Project Management Office (PMO): A Project Management Office (PMO) is a group or department within a business‚ agency or enterprise that defines and maintains standards for project management within the organization. The primary goal of a PMO is to achieve benefits from standardizing and following project management policies‚ processes and methods. A PMO generally bases its project management principles‚ practices and processes on some kind of industry standard methodology such as PMBOK (Project
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BENEFITS OF PROJECT MANAGEMENT INTRODUCTION What is project management? It can be defined as range of management skills and technique that involved to successfully carry out a project. Project manager are responsible to facilitate the entire process of project management to meet specific scope‚ cost‚ time and quality goals of projects. Besides that‚ there are some people involves in framework of project management including project stakeholders‚ project management knowledge areas‚ project management
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The writer of ’The Luncheon’ William Somerset Maugham‚ in this short story‚ relates about a lady who is an admirer of his stories. She wins the author’s favour and expresses her wish to meet him at a high class restaurant. William exposes the false motives of modest eating habits‚ of the middle classes with a touch of humour. ’The Luncheon’ is a plotted story. It comprises all the four elements of plot: the exposition‚ development‚ climax and resolution. The title is significant for the story as
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Functions of Project Management (Brief) Project Management Body of Knowledge (PMBOK) consists of the nine management functions: Scope‚ Cost‚ Time‚ Human resource‚ Communication‚ Quality‚ Contract/procurement‚ Risk‚ Project integration‚ Managing Project Scope Project scope means that the aims‚ goals‚ objectives and donor of the project should be defined. Managing Project Cost How much funds are required to complete the activites and tasks of a project? Where will these funds come
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PROJECT SCOPE STATEMENT[1] Note: Any work not explicitly included in the Project Scope Statement is implicitly excluded from the project. |Create links to referenced documents (e.g.‚ Link_To_… ) by using Insert ( Hyperlink on your toolbar. | | | |Note that all documents that are linked to the Scope
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understanding of the role of project management in today’s business environment. Project management is getting things done on time and under budget and also in scope; Project manager should know the scope very well and it is important to track the process as well. There are so many project management tools available for example Microsoft project server is the best example we can come up with. When the full project scope documented and finalized project managers should divide the scope into tasks and they
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through the assignment tool.Note: All questions are worth 5 points each.| 1. Project Basics a. Define the word project‚ and list some key attributes. A project is defined as a temporary endeavor with a specific beginning and an end. Some key attributes of a project are; a well-defined objective‚ carrying out the project in a series of independent tasks to accomplish the goal‚ completing the project within a specific time frame and‚ meeting the needs of the customer.
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ROLE OF PROJECT MANAGEMENT It worth’s to direct this discussion into a imaginary period where basic project management concepts doesn’t exist rather than just expressing the role of project management at the beginning‚ which would ‚at the conclusion of writing may give a clear picture to the reader what I had been trying to convey here. Actually‚ implementing a project without project management principles would be a mess. There may not be many practical examples to prove this because all the
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Module: Fundamentals of Project Management Module Code: FPM12/1 Assignment number: 1 © Milpark Fundamentals of Project Management FPM12/1 Assignment 1 Year 12A / Page 1 Assignment Guidelines Guidelines for the successful submission of assignments Students are sometimes unsure as to what constitutes work of an acceptable standard when submitting an assignment. Naturally‚ programmes offered at different NQF Levels demand different types of responses. An NQF Level 4 or 5 qualification probably
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