PROJECT MANAGEMENT GROUP ASSIGNMENT Table of Content 1. Business ethics of project manager 4 1.1. Motivation theory 4 1.1.1. Maslow’s hierarchy of need 4 1.1.2. Theory X and Theory Y 4 1.1.3. Reinforcement Theory 5 1.2. Business ethics 5 1.2.1. What is business ethics 5 1.2.2. Utilitarianism theory 6 1.2.3. Equity theory 7 1.3. Standard for international project managers 7 1.4. Social responsibilities 10 2. Impact of environments 11 2.1. Macro-environments 11 2.1.1. Cultural society Environment
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Project Execution Phase Overview: Once a project moves into the Execution Phase‚ the project Team and the necessary resources to carry out the project Should be in place and ready to perform project activities. The Project Plan should have been completed and base lined By this time as well. The project team and specifically the Project Manager’s focus now shifts from planning the Project efforts to participating in‚ observing‚ and analysing The work being done. Executing the Project Plan
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essential concern for project management is performing the project successfully. This concern can be measured with how success is evaluated‚ and what factor plays important roles in the project performance. Closely associated with this is the concern for the competence and the skills of the project manager. Acquiring certain managerial skills is considered to have the most impact on successful project outcomes. The following headlines are to highlight three of the project manager fundamental skills
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cream maker World’s 3rd-largest advertiser World’s 16th –largest industrial company Rank World’s largest consumer products company Unilever is one of the world’s leading food companies. “Our passion for understanding what people want and need from their food - and what they love about it - makes our brands a popular choice”. In the late 19th century the businesses that would later become Unilever were among
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lifestyle and exposed me to Project Management. I was most surprised to find out the things I did normally could be a profession and earn international recognition. I became so interested in perfecting the acts of Initiation which is the thoughts in my head every morning‚ Planning‚ Execution‚ Monitoring and Closure. There was no other way to describe my happiness when I saw this path to greatness. I further learned it could be applied to construction; massive projects in telecommunications and in
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Life of a Project Manager 1. How effectively do you think Rachel spent her day? Project is a complex‚ non-routine‚ one time effort that is limited by time‚ budget‚ resources and performance specifications and it’s implemented to meet the customer requirements. The following activities performed by Rachel are project related: a. Review project reports and prepare for the weekly status meeting – 25 min b. Participate in the progress review meeting – 45 min c. Reviewing project assignments
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Some people believe that managing a project is something easy and that a project manager’s job is not that difficult. But what they do not know is that managing a project can be really difficult. In order to become a good project manager you need to have some characteristics such as a strong technical background‚ hard-nosed manager‚ mature individual‚ someone who is currently available‚ someone on good terms with senior executives‚ a person who can keep the project happy‚ one who has worked in several
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What are some of the advantages and disadvantages of shortening project schedules? In some situations project manager will have to get the project schedule shortened. One method for accomplishing this is by shortening the durations of the activities in the critical path. This can be done by allocating more resources to perform the activities or by making changes in the scope. Project Crashing and Fast Tracking are two methods useful for shortening the project schedule. Crashing
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MIND MAP PROJECT MANAGEMENT PROFESSIONAL PROJECT MANAGEMENT PROFESSIONAL document issued by the project initiator or sponsor authorizes the existence of a project Project Charter provides the project manager with the authority to apply organizational resources to project activities the document that describes how the project will be executed monitored‚ and controlled any unique and verifiable product‚ result‚or capability to perform a service that is required to be produced to complete a process
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for a one-year project (see p. 285 for complete text of this exercise): PV= $23‚000 EV=$20‚000 AC= $25‚000 BAC=$120‚000 * What is the cost variance‚ schedule variance‚ cost performance index (CPI)‚ and schedule performance index (SPI) for the project? Cost Variance: Earned Value (EV) – Actual Cost (AC) $20‚000 - $25‚000 = ($5‚000) Schedule Variance: EV – Planned Value (PV) $20‚000 - $23‚000 – ($3000) Cost Performance Index: EV / AC $20‚000 / $25‚000 = 0.8 Schedule Performance Index:
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