Introduction Project management has come a long way from its humble beginnings; it has change drastically to something that is useful and important in today’s business environment. From its quality‚ delivery and cost control are taking precedence in businesses‚ government organizations to nonprofit organizations. Project management allows managers an extra hand in planning‚ creating and executing strategic initiatives that will result in generating new revenues and at the same time find new clients
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The Regency Plaza Project under numerous theories of project management and the decisions‚ conclusions which can be arrived through the comprehensive analysis. A brief introduction about the project being analyzed is provided to identify the key aspects of the specific project in context. The plan of analyzing the Regency Plaza project is discussed in brief under three topics of project management with elements of theory and frameworks of the same used in analyzing the project. In the analysis section
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Project Scope/Deliverables: The objectives of this project are briefly described below. More detail of the objectives and deliverables of this project will be provided in the project SOW and WBS. This project will result in: • A short paper in Word that PMI MN can add to its web site that provides general information on local and virtual project management courses/programs. Hyperlinks to related sites/files will be included. For the purposes of this project‚ local is defied as within Minnesota
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When a project concludes theres a decision that has to be made in terms of project evaluation. This day is inevitable‚ and its called judgment day. This is when the project performance needs to be evaluated. Project managers have to remember that the purpose of every post project evaluation is to give input for future projects‚ to improve project management in the future. The project manager needs to review the project evaluation‚ with stakeholders‚ the project measures against the triple constraints
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SCOPE MANAGEMENT Planning is critical phase in a project life cycle. Although that is the case project control is pivotal and it goes through the project phase. Without proper project control in any project‚ failure possibilities are fairly high in such project. The intention of scope management is to define and outline the intention of any project. Scope management is defined by the PMBOK as; ‘..... the processes required to ensure that the project includes all the work required‚ and only the work
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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. Discuss the implications for a project manager of not having any clear prioritisation of objectives in terms of time cost and quality. Explain the benefits and limitations of having clear prioritisation of objectives while project planning. A project has some factors such as unique goals‚ required outcomes‚ time‚ designated budget‚ specialist resources‚ client‚ stakeholders‚ and degree of complexity. The project management is the discipline of planning‚ organizing‚ motivating and controlling
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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
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The Project Charter Project Name: Ellis Household Home Improvement Project Project Manager: Project Tracking Number: EHHI 001 Date: April 2‚ 2013 Project Justification: This project will address the severe design flaws and the renovation needed to make the Ellis Household a more comfortable living place. The severe lack of quality materials has shown through in our first couple months here and we need to change that. The house needs to be renovated‚ but to save money we will only
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The Super Project The Super Project case mainly deals with the efficiency of project tool analysis in capital budgeting process. The three techniques that General Foods management used to determine whether Super Project was a worthwhile project were: • Incremental basis • Facilities-used basis • Fully allocated facilities and costs basis The three techniques mentioned above will be discussed in more details in question 4 below. Questions: 1. What are the relevant cash flows for General Foods
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