Project Management Course IV School of Management Engineering Dept. of Production Systems and Business Economics Project Management Project Financing Instructor: Alberto De Marco Project Management Phase FEASIBILITY DESIGN PLANNING DEVELOPMENT CLOSEOUT OPERATIONS Financing&Evaluation Risk Analysis&Attitude Alberto De Marco 1 Financing Project Management Course Project Financing Context Evaluating and financing as precursor to decision d i i to proceed (feasibility
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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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ch17-Project Management 1. Good project management is especially important with virtual teams. TRUE Virtual teams face challenges that make project management especially important. 2. One way that project management differs from management of more traditional activities is because of the limited lifetime of projects. TRUE Projects have lifetimes that are typically shorter than other business endeavors. 3. Once a project is approved and underway‚ project managers are only responsible for
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File: ch03‚ Chapter 3: The Project Manager Multiple Choice 1. Identify the attribute that is NOT normally associated with the job of functional manager. a) The functional manager is usually a generalist in the area being managed. b) The functional manager is responsible for deciding what resources will be devoted to accomplishing the task. c) The functional manager is administratively responsible for deciding how something will be done. d) The functional manager is responsible for
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Any project must be well planned especially if a number of people and activities will be involved. It is the task of the project management to ensure that various tasks required in the project are completed in time. Operational researchers developed a method of scheduling complex projects shortly after the Second World War. This scheduling is called network analysis and is usually known as Critical Path Analysis (CPA). While Program Evaluation Review Technique (PERT) will analyze the involved
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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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ODESSA MOBILE TECHNOLOGY PROJECT Project Plan Odessa Mobile Technology Project Author: Debbie Whitson Creation Date: 7/10/03 Last Revised: 7/10/03 Version: 1.0 TABLE OF CONTENTS INTRODUCTION 2 PURPOSE OF PLAN 2 BACKGROUND INFORMATION/AVAILABLE ALTERNATIVES 2 PROJECT APPROACH 3 PHASE X: SECURE EQUIPMENT 3 GOALS AND OBJECTIVES 4 BUSINESS GOALS AND OBJECTIVES 4 PROJECT GOALS AND OBJECTIVES 4 SCOPE 5 SCOPE DEFINITION 5 ITEMS BEYOND SCOPE 6 PROJECTED BUDGET 6 RISK
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SIM335 Managing Project essay SIM335 Managing Projects - Task 1 Question 1: Network diagram (activity on node) ‘The network diagram is defined as a graphical presentation of the project’s activities shows the planned sequence of work’ Burke (2003‚ p.131). It is also called as precedence diagramming method (PDM). ‘It is a method of constructing a project schedule network diagram that uses boxes or rectangles‚ which referred to as nodes‚ to represent activities and connects them with arrows that
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1 project is defined as a collaborative enterprise‚ involving research or design‚ that is carefully planned to achieve a particular aim.[1] Projects can be further defined as temporary rather than permanent social systems or work systems that are constituted by teams within or across organizations to accomplish particular tasksunder time constraints. 2 1. Administrative: Administrative projects involve intellectual workers. The scope may change as the project proceeds. 2. Construction:
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Project Management BN 3010 1.0 Introduction The project being examined is the construction of Arsenal Football Clubs stadium. The project was a mammoth undertaking. The relocation of the club to a new stadium meant that the site chosen for the new stadium had to be cleared. With any buildings that were in use being re-sited. The project would also convert the current Arsenal stadium into apartments. Due to the limitations of this report it will predominately focus on the construction of the new
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