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Core Principles And Characteristics Of Project Management

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PART-1 1) What are the core principles/characteristics of any project and why are they important?
(8 marks).
A project is a unique thing with a start and a finish in which human (or machine), material and financial resources are organized in a novel way, to undertake a unique scope of work, of given specification, within constraints of cost and time, so as to deliver beneficial change defined by quantitative and qualitative objectives.
Characteristics of projects and their Importance.
• Specification: Projects have plainly characterized points and set out to create unmistakably characterized results so it should define what will be covered in a project.
• Temporary:-There should always be a definite start and end to a project, and it should …show more content…

Grabbit and Scarper & Sons Limited is a family owned business. Mr Grabbit‟s great-grandfather started the company in 1910 and since partnering with Alan Scarper’s Manufacturing in 1990, the operation has now grown to an internationally renowned company manufacturing pharmaceutical products. It is based close to a new airport in the North East of England with good road, rail and sea links. The annual turnover has now grown to 50 million pounds sterling in 2014. Both families are actively involved in the running of the company. The Grabbits‟ have 4 family members in senior positions, William Grabbit is Chief Executive, his brother, George is Plant Manager; youngest brother Liam Grabbit is IT Manager and their sister, Sue Grabbit is Director of Human Resources and when Alan Scarper retired in 2010, his two sons Simon and Stephen Scarper joined the company to develop the overseas business and are currently located in Germany. The company has been so successful that Sue Grabbit appointed Penny Black to join the team and in the first instance, to take over responsibility for the project management of a special project in the North East, with a view to then managing a new plant in the …show more content…

The project was lacking in reviews of the people in organization which was essential: they could have provided direction, guidance, and critical review of the project and its progress during the early stages when the project was messed up. They could have asked difficult questions about progress and performance and see things that were overlooked. Henry Hammer is the only one on the plant who had exact specifications for the pumps and compressors, wrote the feasibility study that Penny had not seen either. Henry Hammer was away for two months as he was in America looking for possible new development sites as part of Grabbit and Scarper & Sons Limited’s overseas

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