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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Operational Risk Management Operational Risk Management‚ otherwise known as ORM‚ is defined as a continual recurring process which includes risk assessment‚ risk decision making‚ and execution of risk controls‚ which results in acceptance‚ mitigation‚ or avoidance of risk. It is the oversight of operation risk‚ which is a risk arising from execution of a company’s business functions. It is a very wide concept which focuses on the risks arising from the people‚ systems and processes through which
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Assess and Manage IT risks 4.3.1 PO9.1 IT risk management framework IT risk management framework is a necessary framework for every successful enterprise. So the City Medical Partners also need their own IT risk management framework. IT risk management framework can avoid the future risks and it also can gain the benefits. And the IT risk management framework need to fit with the risk management objectives of the enterprise - City Medical Partners. The example for risk classifications: Strategic
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Project Termination 1 Project Termination Types of terminations How and why projects terminate Typical termination activities Need for a project history 2 All Things Come to an End ... Termination – impact on technical success – Impact on other areas – Plan and execute termination with care 3 When Do Projects Terminate? Upon successful completion‚ – or . . . When the organization is no longer willing to invest 4 Most Common Reasons Projects Terminate
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CHAPTER I: INTRODUCTION 1.1 THEME OF THE STUDY Risk management underscores the fact that the survival of an organization depends heavily on its capabilities to anticipate and prepare for the change rather than just waiting for the change and react to it. The objective of risk management is not to prohibit or prevent risk taking activity‚ but to ensure that the risks are consciously taken with full knowledge‚ purpose and clear understanding so that it can be measured and mitigated. It also prevents
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What is a Project Manager? 1.What skills does he/she require to become a good project manager? A project manager is an inventive problem-solver‚ team-builder and steady leader in the organization. Project Manager should have technical as well as management skills. Project Manager is responsible for the administration of the contract within the agreed terms and conditions. He has overall responsibility for completion within time and budget. A single point of contact for formal communication between
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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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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
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- the 1st function of management! - end & mean! - Planning Process! - Templates in the situation analysis! - Three Levels of planning! - strategic plan! - tactical plan! - operational plan! - how to ensure performance & results?! - start with your study plan & project plan! ! Week 4 ! - Introduction! ! - What is organizing?! ! - Why organising important?! - Organization Design Factors! ! ! - - ! Organizing is the 2nd function of management! - organization design
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Short answer questions – write one or two paragraphs (no bullet points) 1. Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project managers can use to make the trade-offs required to succeed The time constraint refers to the amount of time available to complete a project. The cost constraint refers to the budgeted amount available for the project. The scope constraint refers to what must be done to produce the project’s end result
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