Estimation and Budgeting To Accompany PROJECT MANAGEMENT: Achieving Competitive Advantage By Jeffrey K. Pinto CHAPTER EIGHT PROJECT PROFILE – Boston’s Central Artery/Tunnel Project: Updated and Complete 8.1 COST MANAGEMENT Direct vs. Indirect Costs Recurring Versus Nonrecurring Costs Fixed Versus Variable Costs Normal versus Expedited Costs 8.2 COST ESTIMATION Learning Curves in Cost Estimation Project Management Research in Brief: Software Cost Estimation
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Project – Organization Dynamics Guidelines: • Group Size: 4 (Preferred) • Avoid repetition of case study • Presentation Time: 30 Min (20 min for presentation and 10 min for discussion) Case Study 1: AQUARIUS ADVERTISING AGENCY – Group 1 completed 1. Analyze Aquarius with respect to the five contextual variables. How would you describe the environment‚ goals‚ culture‚ size‚ and technology for Aquarius? 2. Design a new organization structure that takes into consideration
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FRAMEWORK: TYPES OF ORGANIZATIONS The purpose of this section is to describe a project based organization and compare it to other basic organization types: functional and matrix organizations. Many companies will not perfectly fit either of these definitions. Yet in most cases one will be able to identify the basic organization type that most closely matches a company’s structure. 3.1.1 FUNCTIONAL ORGANIZATION A functional organization groups employees and activities by functions (e.g. marketing
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Operation Strategy within an Organization Raven Davis MGT 4850 Operation Strategy within an Organization Operation strategy has been defined as “the development of a long term plan for using the major resources of the firm for a high degree of culpability between these resources and the firm’s long term corporate strategy.” (Davis‚ 2007) Operation strategy is a very important function for any organization. Operation strategy is the link that brings all of an organizations processes and value
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Well how does the study of physics made a milestone for the world. And how does it help me in my daily life. Physics is the science of matter and its motion‚ space-time and energy. Physics describes many forms of energy - such as kinetic energy‚ electrical energy‚ and mass; and the way energy can change from one form to another. Everything surrounding to us is made of matter and Physics explains matter as combinations of fundamental particles which are interacting through fundamental forces. It
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Operations Management Course Assessment 2 Assessment Reference: OPM/July 12/1 Operations Function “Process Design & Improvement” Management Consulting Industry Introduction This focused discussion shall address a “service” oriented organization (ABC)‚ operating in the management consulting arena. ABC has been named as such for confidentiality purposes. The scope of this discussion encompasses Process Design (Positioning and Analysis) and Improvement. In order to satisfy the
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Form Helps Function Vs. Form Follows Function. Ever since the phrase ‘form follows function’ was coined in 1896 and more so since the creation of the Bauhaus‚ it has been believed by many that the less is more approach is the best way to go about design. That‚ if you make a product to do its sole purpose‚ with no bells and whistles and just the bare bones of design‚ that that is good design. Now I am not saying that this is wrong or that it is a bad thing‚ that style of design has its own merits
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Functions of Management To a degree‚ most people unknowingly possess management skills. Whether arranging their individual activities or that of children and family‚ the process to orchestrate a day’s activity can be similar to that of managing an office. What probably differs the most is the scale on which the management skills are applied and what those skills effect. What remains a commonality‚ whether managing at the level of an individual or on a corporate level‚ is the need for a process based
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What makes some people help and others stand by? A lot of social psychological research focuses on anti-social behaviour. This essay will look at the other side of the coin and focus on pro-social behaviour‚ specifically helping behaviour and altruism. It will look at what causes people to help or not help and the phenomenon of altruism‚ the act of helping other for no discernable reward. The two psychologists who have researched this area most are Bibb Latané and John Darley. They came together
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Functions of Project Management (Brief) Project Management Body of Knowledge (PMBOK) consists of the nine management functions: Scope‚ Cost‚ Time‚ Human resource‚ Communication‚ Quality‚ Contract/procurement‚ Risk‚ Project integration‚ Managing Project Scope Project scope means that the aims‚ goals‚ objectives and donor of the project should be defined. Managing Project Cost How much funds are required to complete the activites and tasks of a project? Where will these funds come
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