Project Management Project management is the discipline of planning‚ organizing‚ securing and managing resources to bring about the successful completion of specific project goals and objectives. Some Facts! One fifth (1/5) of the world’s GDP (U.S. $12 trillion) is being spent on Projects. With projects being mandated on such large scales – a shortage of 6 million skilled project professionals is expected by 2013. It’s the only profession where the income levels continued to rise despite the
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Project Management Recommendation Cali Hadafow OPS/571 May 12‚ 2014 Project Management Recommendation Piper Industries Corporation Project Management Recommendation Dear Project Manager‚ In response it is to your previous E-mail with the attention of the projects of Juniper‚ Palomino and Stargazer. The team is found and analyzed the three projects‚ assessed the risk that each project contains as well as returns on investment (ROI). There are many aspects one should think
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of the likely cost of the resources that will be required to complete all of the work of the project High level formulas are good for selecting a project but not for managing one. First step on budgeting: cost estimate is allocated to packages Second Step: budget of every package is distributed over the duration of the work project TBC: Total Budgeted Cost Analogous estimate: uses previous projects to predict the cost Parametric estimate: model is built using parameters to predict costs CBC:
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Project Eight Determine the materials and labor to build a storage building‚ this will involve designing the building‚ figuring out what materials are needed‚ purchasing the materials‚ and putting together the various parts. Some of these tasks depend on the others‚ some must be scheduled‚ some take more labor than others‚ etc. The building design must include options such as: a choice among different types of siding‚ doors‚ windows‚ and roofing. Also‚ include the choice of a poured 4” deep concrete
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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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#3 1. If I were in Lauren’s shoes‚ I would make sure it’s clear to the strategic management group that my estimate – a more detail/micro estimate – came in well over their initial macro estimate. That being said‚ I would also provide upper management with the ideas (outsourcing‚ change scope‚ cancel project..) developed with stakeholders in the brainstorming meeting. Simply moving forward with the project after finding such a large gap in estimates would be a terrible idea that would most likely
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element of strategic management? Answer | a. | formulating cross-functional decisions | | b. | implementing cross-functional decisions | | c. | evaluating cross-functional decisions | | d. | eliminating cross-functional decisions | Which statement about organization for project management is best? Answer | a. | The overall structure of the organization specifies how project team members should communicate with the project manager. | | b. | The internal project team structure specifies
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African Nationalism What impact did WWI have on African nationalism? Due to the effects of the war‚ many of the European nations needed more soldiers and jobs to be taken up for progress. Even though they fought courageously for the nations of others‚ they received nothing in return. They were disappointed and distraught by this outcome. From the Peace conference of Versailles‚ ideas of self-determination from Woodrow Wilson and notion of accountability of colonial powers reached the African colonies
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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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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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