Chapter 1 Review Question 1. Define a project. What are five characteristics that help differentiate projects from other function carried out in the daily operations of the organization? A project is a temporary endeavor undertaken to create a unique product‚ service‚ or result. Five characteristics: 1. An established objective. 2. A defined life span with a beginning and an end. 3. Usually‚ the involvement of several department and professionals. 4. Typically‚ doing something that has never
Premium Project management Management
recent economic environment nowadays‚ the concept of project management and strategic objectives have been regarded as two of the most influential factors on organizational performance from the perspective of strategic planning. The influence of strategic objective on project performance has received high recognition from the public. The majority of literature on project management stresses the importance of strategic objectives in achieving project objectives (Munns & Bjeirmi‚ 1996). Furthermore‚ it
Premium Management Strategic management Organization
AND INFORMATION TECHNOLOGY MODULE CODE: IMM002 MODULE TITLE: PROJECT MANAGEMENT Assignment 1: Project Definition Report Project Title: Designing a Biogas Cogeneration Plant for the Nembe Community | | | | | | | | | | | Stamford College‚ Malaysia - University of East London‚ United Kingdom Group Project – Msc Technology Management TABLE OF CONTENTS 1.0 CONTEXT OF THE PROJECT 1 1.1 BENEFITS OF THE PROJECT TO THE NEMBE COMMUNITY GROUP 1 1.1.1 Environmental Benefits:
Premium Project management
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
Premium Project management
UNIVERSITY OF NAIROBI COLLEGE OF EDUCATION AND EXTERNAL STUDIES FACULTY OF EXTERNAL STUDIES DEPARTMENT OF EXTRA-MURAL STUDIES MASTERS IN PROJECT PLANNING AND MANAGEMENT COURSE CODE: LDP 604 PROJECT PLANNING‚ DESIGN AND IMPLEMENTATION QUESTIONS: Section A Section B - This question is compulsory - Chose any two questions (10 marks) (5 marks each) – Total 20 marks Section A Twiga & Sons Ltd. started out as a trading company specializing in the sourcing‚ sale and service of
Premium Project management Critical path method
or renewed interest in the field of project management? IT is growing at a rapid rate and with that growth demands people to manage this growth. People I think are more trained to be project managers and also there is new software that helps tremendously with the management part of the tasks. So demand is up‚ skilled workers are up‚ and the cost benefit is there for this renewed interest. 2. What is a project‚ and what are its main attributes? How is a project different from what most people do
Premium Project management
PROJECT SCOPE DEFINITION & WORK BREAKDOWN STRUCTURE 1.1 Project Scope: Project scope is defined as "The bounded set of verifiable end products‚ deliverables‚ or outputs that the project team undertakes to provide to the stakeholders of the project" Success of a project is highly dependant on achieving the right results i.e. scope objective. Meeting the scope objective is also the primary test of effective performance by project management. It may be noted that unless the project is completed as
Premium Work breakdown structure Project management
Project Management Name Teacher Class Date Abstract In human resources at some point in time a company may change its processes of how things have been done‚ add a new policy‚ or implement a new type of software. This paper will discuss a company considering replacing its internal payroll system with a payroll outsourcing service. It will demonstrate certain risks are associated with the change and how to minimize them. The writer will also Compare the advantages and disadvantages of using a Gantt
Premium Project management Critical path method Management
International Project Management Group: MO2 Instructor: Philippe Reed Student name: Paul IDARE My own Project Management “If you don’t attack the risks‚ the risks will attack you” Global project management overview Concept: Project management is a carefully planned and organized effort to accomplish a successful project. Project management has emerged as a crucial factor that determines the success of an organization. Whether it is a question of facing an economic crisis or generating
Premium Project management
B-SCHOOL 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
Premium Critical path method Project management Statistics