It may need to occur multiple times if there are multiple contracts and for each instance it will include issuing the bid package to potential supplier, evaluating potential supplier proposals and finally selecting the winning proposal. Project Monitoring & Controlling Processes Evaluation and comparison of actual measured results against those planned is the fundamental principle of this process group. Where there is a variance corrective action is required to keep the project on schedule and to budget. The inputs are the project plan and progress reports that contain data collected from the project team. Where progress deviates significantly, and this usually means outside of a predetermined tolerance limit, it is important to identify the underlying causes and take corrective action.
Q 1. What are the core principles/characteristics of any project and why are they important? Project core principles and characteristics are unique and different. Uniqueness is due to its temporary in nature and different is due to each project being different. Thus, “project” in reality can be defined as – a temporary, unique and progressive arrangement to combine various execution techniques to generate a sequence of interrelated work breakdown structures, in order to achieve the specific, tangible or intangible and significant objectives and outcomes, with synergistic involvement of people and technology within limitations such as cost, quality, performance etc.
The company’s strategic goal at this time is to extend the rate of growth as far as possible by launching new products or finding new markets for the existing products. After the growth and expansion comes the maturity stage; the company is at the top of its industry. This stage of the business life cycle sees increasing revenue but at a slower pace. The company’s strategy moves toward findings ways to increase operational productivity that increases profit margins. Other strategies include seeking out new uses for the current products and services that result in increased sales to existing customers.
One main output of this process group has to be the scope management plan. It is important to have defined the project objectives, requirements and products in order to have a base for future decisions, this plan describes how changes are handled; here, we have a guide of what to do when someone needs to add or remove a feature for a service or product that your project or business is producing. Another relevant output is the change management plan, it is almost natural that in any project are going to be changes, the important thing to ask if whether those changes affect any of the three main constraints: cost, time and
Increases in the number of personnel involved, allied to their different locations can also cause significant problems. When so many different aspects of work have to be considered and managed effective project management is crucial to the success of such projects. Problems can be solved when tutorials and meetings are held in one institution. This has serious repercussions for the project by altering perceptions of what was required and the relationship between the institutions. Particular attention should be paid to the input of different personnel, the availability of support and the meeting of deadlines in setting up the
Project-related uncertainties: it includes the condition of location, changes in the contract, dynamic durations for activities, unexpected costs, uneven technical complexities, and resources availability and limitations. 2. Organization-related uncertainties: different project stages require different techniques and skills related with different contributors and resources. Participants of project may vary through the construction process. 3.
CHAPTER 2 – LITERATURE REVIEW 2.1 INTRODUCTION Time system is the one of the method in project management need to be concern and highlight the part is. According to Luecke (2004), time management in project management can define as the utilization and allocation of resources to achieve a particular aim within a period of time. So the location of a proposed to collect necessary data is undertaken based on type of construction project. In construction site, the important of project control is to ensure the projects work finish on time that give in task planning, within budget and achieving other project is the main objectives. According Olawale (2010), a complex task that is carried out by project managers in practice, which involves constantly
Scope The scope of the project is a specific statement as to what has to be performed and what will be the end deliverable for the project. In other words, the scope clearly explains the functions, features, data, content, etc. The scope is generally identified at the upfront of the project so that it will give the best chance of success. But it also can be change during the project life cycle. There is a tenderness to fail the project if the scope of the project is either not fully defined or understood from the