Initial Planning Name: David T. Browne Instructor: Dr. Penny Wilkins Bus 517: Project Management – The Managerial Process Date: January 29th‚ 2011 Describe the elements of scope for the project In discussing the elements of scope for the project‚ we can look at the scope checklist which gives us the ingredients of the scope definition. These elements in the checklist are as follows: project objective‚ deliverables‚ milestones‚ technical requirements‚ limits and exclusions‚ and
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Beach on the Island of Kauai in Hawaii. You are shifting the focus of your resort from a traditional fun-in-the-sun destination to eco-tourism. (Eco-tourism focuses on environmental awareness and education.) How would you classify the following projects in terms of compliance‚ strategic‚ and operational? a. Convert the pool heating system from electrical to solar power. b. Build a 4-mile nature hiking trail. c. Renovate the horse barn. d. Replace the golf shop that accidentally
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1. Compliance Projects: d‚g‚i Strategic Projects: b‚e‚f‚h Operational Projects: a‚c‚j Since the new strategy of the hotel is clearly identified‚ it was easy to classify the strategical projects. There are some similar projects within the list. It was a bit difficult to classify the projects whether they are operational or compliance. *-*-*-*-*-*- In order to manage all the listed projects in an efficient way‚ It is essential to prioritize them. Because as we did above
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Projects are composed of process. A process is “a series of action bringing about a result”. Project processes are performed by people and generally fall into one of two major categories: 1. Project management processes are concerned with describing and organizing the work of the project. 2. Product-oriented processes are concerned with specifying and creating the project product. These processes are known as project life cycle. It is important to note that many of the processes within project
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W. Fellin · H. Lessmann · M. Oberguggenberger · R. Vieider (Eds.) Analyzing Uncertainty in Civil Engineering Wolfgang Fellin · Heimo Lessmann Michael Oberguggenberger · Robert Vieider (Eds.) Analyzing Uncertainty in Civil Engineering With 157 Figures and 23 Tables Editors a.o. Univ.-Prof. Dipl.-Ing. Dr. Wolfgang Fellin Institut f¨ r Geotechnik und Tunnelbau u Universit¨ t Innsbruck a Technikerstr. 13 6020 Innsbruck Austria em. Univ.-Prof. Dipl.-Ing. Heimo Lessmann Starkenb¨
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Chapter 2 Homework Problem 1: | Project Cost | Net Cash Flows | Payback | Project A | 250‚000.00 | 75‚000.00 | 3.33 | Project B | 150‚000.00 | 52‚000.00 | 2.88 | Project B is better. It is less risky because it has a payback period of 2.88 or 2 years and 10 months. Problem 2: Average Rate of Return: ? Annual Profits: 30‚000.00 Project Cost: 200‚000.00 Average Rate of Return = $30‚000/$200‚000 = 0.15 = 15% Problem 3: Year | Nominal Cash Flow | Discounted Cash Flow
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ADVANCE PROJECT MANAGEMENT Project Management Process [In Construction Project] Ibtisam‚ Badar Reg.No— CIIT/SP13-RPM-292/CVC CIIT/SP13-RPMEmail: sp13rpm292@vcomsats.edu.pk Project Management Process | 2 Project Management Processes A PROJECT MANAGEMENT Process is the management process of planning and controlling the performance or execution of a project. Project management is one of the critical processes of any project. This is due to the fact that project management is the core
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CHAPTER 3: The Project Management Process Groups: A Case Study A Process is a series of actions directed toward a particular result. Project management process groups progress from initiating activities‚ executing activities‚ monitoring and controlling activities‚ and closing activities. Initiating processes include defining and authorizing a project or project phase. Planning processes include devising and maintaining a workable scheme to ensure that the project addresses the organization’s
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Chapter 3: The Project Management Process Groups: A Case Study Learning Objectives o Describe the five project management (PM) process groups‚ the typical level of activity for each‚ and the interactions among them. o Understand how the project management process groups relate to the project management knowledge areas. o Discuss how organizations develop IT project management methodologies to meet their needs. Learning Objectives (Cont.) o Review a case study of an organization applying
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of the project‚ including its overall objectives and justification; detailed descriptions of all project ___________; characteristics and requirements of products and services produced as part of the project; and project success criteria. a. stakeholders b. meetings c. deliverables d. volunteers ____ 3. _____________ development uses the results of all the preceding project time management processes to determine the start and end dates of project activities and of the entire project. a. Activity
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