Project Management 1. Activity Based Costing (ABC) Introduction: There are a number of costing models used in the domain of business‚ and Activity Based Costing is one of them. In activity based costing‚ various activities in the organization are identified and assigned with a cost. When it comes to pricing of products and services produced by the company‚ activity cost is calculated for activities that have been performed in the process of producing the products and services. In other words
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contained in the Project Charter? b) What phase is the Project Scope produced? What are some of the items contained in this document? c) What phase is the WBS produced? A; a) The project charter is the planning team’s concise statement of core goals‚ values‚ and intent in order to provide the ultimate policy direction for everything that comes next. Items contained in project charter are; 1. Project title should be concise and create a vision for the end result of the project. 2. Purpose summarizes
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2012-02-MAN-435-OL009: Project Management Written Assignment 1 1. Discuss the principal reasons why project management has become such a popular business tool in recent years. Business has changed in the past 20 or so years. Products are being produced more rapidly and with the introduction of globalization competition has become more abundant. There is a need to become more customer focused but at the same time quicker to market while still reducing cost. Doing business the old way is
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Marks: 80 PROJECT MANAGEMENT Attempt all questions 1. Give a detailed description on “Detailed Project Report”. Indicate the Pros and Cons of it also. (10 Marks) 2. What is Project Management Information System? Why is a Project Management Information System considered to be of immense importance in a project? In designing a Project Management Information System what parameters are to be spelt out clearly in line with the objectives of the Project management Information System? (20 Marks)
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provided as a project. PRODUCT SCOPE: The features and functions that characterize a product‚ service or result. PROJECT SCOPE: The work that must be performed to deliver a product‚ service or result with the specified features and functions. page 100 1 5- PROJECT SCOPE MANAGEMENT Project Scope Management includes the processes required to ensure that the project includes all the work required‚ and only the work required‚ to complete the project successfully slide # 101 PROJECT SCOPE MANAGEMENT
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TYPES OF PROJECT CONSTRAINTS Project constraints delay the start of project activities. Three project constraint need to be considered in scheduling. 1. Technological or Logical Constraints: These constraints show the sequence in which project activities must occur. A project network framing a house might how three activities i-e (1) pour foundation‚ (2) build frame‚ (3) cover roof. All of thee three activities are in sequence because each activity depend on previous one. We can say that
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Experiment 1: Bromination of Acetanilide1 Precautions: Ethanol is flammable Sodium hypochlorite is an oxidizing agent and releases toxic fumes (handle in fume hood) Acetic acid is corrosive‚ harmful if inhaled‚ flammable and can cause burns (handle in fume hood) Gloves are recommended to avoid chemical contact with skin Reaction Scheme: Conversion of acetanilide to p-bromoacetanilide Procedure: To a 125 mL Erlenmeyer flask containing a mixture of 95% ethanol (6 mL) and acetic acid (5 mL)‚ dissolve
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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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IEE04 : Project management Feb 2013 A. Explain the following four major components of cost of project…………. aug12‚feb12 1. Material Cost 2. Utilities cost 3. Labor cost 4.Factory overhead cost Ans: 1. Material Cost: the most important element of cost‚ the material cost comprises of the cost f raw material‚ chemical‚ components and consumable stores required for production. It is a function of the quantities in which these materials are required and the prices payable for them. While estimating the
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3 Schedule 1 5 Performance Analysis 5 Estimate at Completion 7 Control Plan 7 Revised Estimate at Completion 8 Schedule 2 9 Summary and Conclusions Section 10 References 11 Executive Summary This document comprises of several sections that are financial analysis of a new Indoor theme park project. The financial analysis of any project is very vital for any project since it gives an opportunity to better understand where on the project the project team is and what
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