Project ManagementTop Down/Bottom Up methods Consensus methods Snr/middle managers’ guess total project time & cost Discussing/arguing to reach a decision on best guestimates Firms seeking greater precision: Delphi Method: Group decision process of chance of certain events occurring Exp. familiar with project use insight/exp. guessing project costs/times Ratio methods Macro methods use ratios to guess time & cost E.g. contractors using no. of sq. ft. to guess cost/time to build
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Darvin De’Angelo McQueen Execution & Control With Risk August 16‚ 2011 Week 2 DQ As a project manager of a bicycle manufacturing company‚ we have five operations which are: cutting‚ forming‚ machining‚ welding‚ and the assembly. As we start manufacturings we notice some defects in our products. As a result we are going to find a way to fix the problems. There are five quality metrics and they are (Sanghera‚ 2010): * Cost performance * Schedule performance * Defect
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10 Marks: Q:- Discuss the project termination strategies Ans: Project Termination Project termination is one of the most serious decisions a project management team and its control board have to take. It causes frustration for those stakeholders who sincerely believed - and in most cases still believe – that the project could produce the results they expected‚ or still expect. The project manager and his or her team members‚ very important stakeholders of the project as well‚ will feel that they
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Problems Identified and Underlying Causes There are three major problems identified in the Trophy Project case study: i) Organisational problems ii) Management and Leadership problems iii) Project Management problems i) Organisational Problems Although there are signs that the company has a matrix structure in place‚ they do not follow a programme management approach and numerous failures within the structure exist. Their approach to management is still that of a traditional organisational
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Managing the Project Cycle 1. The assessment and planning phase 1.1 Training your staff in Project Cycle thinking 1.2 Identifying the real problems and needs 1.3 Stakeholder analysis 1.4 Problem analysis 1.5 Project planning and design 1.6 Strategic planning 1.7 Defining indicators 1.8 The action plan 1.9 The budget 1.10 Addressing the risk of a negative outcome 2. The implementation and monitoring phase 2.1 Monitoring 2.2 Participatory Impact
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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
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QMDS400-002 Project and Quality Management Term Project Due Date: 29th November‚ 2012 Group Member: LIN ZHEN BANG‚ BA904092 HUANG YU YAO‚ BA902212 BEI ER‚ BA702713 Project Requirements 1. Establish the project objective‚ and make a list of your assumptions about the project. Project objectives The project aims to transform the previous annual report done by the research center into a more eye-catching‚ organized report that can used to effectively promote the ‘not-for-profit’
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A. General Information Project Title: Employee Recognition Framework Brief Project Description: Design‚ develop and implement the employee recognition framework Prepared By: M. Atta Ullah Date: 30 September 2013 Version: 1.0 B. Project Objective: Overall‚ to create a workplace culture that includes regular recognition and feedback To recognize employees for their high-quality service and commitment to public service To reinforce linkages between employee performance and department
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Understanding Project Management Learning Objectives By the end of this chapter‚ you should be able to: • • focus • • Identify the differences between functional and project management. Explain why project management is necessary in business today. Name the major organizational structures and explain the advantages and disadvantages of each. Identify the requirements of an effective project management system. Many people become project managers by accident. Someone assigns them to manage a project because
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Need for Sethusamudram Project By Thirunavukkarasu.P MBA OVERVIEW India has a peninsular coast of about 7‚517km length stretches from the state of Gujarat in West Coast to the state of West Bengal in East Coast and it also includes Andaman and Nicobar islands. India has 12 major ports which include Khandla‚ Mumbai‚ JNPT‚ Mormugao‚ New Mangalore‚ Cochin in West Coast and Tuticorin‚ Chennai‚ Ennore‚ Visakhapatnam‚ Paradeep and Kolkata and also about 183 non major ports. Coast of India does not
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