Q. DEFINE AND DESCRIBE A ‘PROJECT’ AND DIFFERENT COMPONENTS OF A PROJECT IN YOUR OWN
WORDS AS PER YOUR EXPERIENCE DURING PROFESSIONAL PRACTICE.
A project is a specific agenda undertaken with an aim to produce a pre-decided product, aim or result for which the project was undertaken. A project is usually meant to be constrained by various parameters like TIME, BUDGET and RESOURCES. Every project is unique as the goal or end product expected differs from project to project.
Eg: Construction of a Bungalow
Though the nature of every project may be different, every project comprises of similar components, viz.,
1. INITIATION
2. PLANNING
3. EXECUTION
4. INSPECTION/CONTROL
5. CLOSING
INITIATION : This is the initial stage of a project where the basic
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DEFINE AND DESCRIBE THE ROLE OF A PROJECT MANAGER IN PROJECT MANAGEMENT.
A project managers job to assess the project as a whole and to ensure that all its components are functioning smoothly so that the end objective can be achieved. He is required to conduct
1. Integration of Activities : The work carried out in a project is divided among different teams. Project management involves the co-ordination of the work carried out by all the teams, checking of the work done, approving changes before execution etc.
2. Scope Management : This is to be done before the execution of the project starts. The scope and direction of the project is decided and a plan is drafted in order to stick to the decided direction.
3. Time Management : This is one of the most important aspects of project management. The project is always constrained by time and failure to achieve the target within the given time results in added cost. Hence, a detailed schedule needs to be made for every team and timely checks must be carried out to make sure the schedule is followed.
4. Cost Management : Like time, cost is another major governing factor of a project. All expenses have to be planned and care has to be taken that no team exceeds their
a. Concept of the Operation: This operation consists of four phases. Phase I: Accountability Phase II: Transport to City Point. Phase III: Conduct Staff Ride. Phase IV: Complete of Training and AAR b. Scheme of Maneuver: Phase
It’s very crucial that the technology proposal includes these recurrent expenses established not only on current amounts, but also on the healthcare organizations’ future situation. In general, upcoming planning expenses have to account the employee’s resources that are required to meet the organizations’ needs. This would entail the support of administrative employee for the technology, overall technical support to maintain the organization’s growth and management capacity to maintain the organization’s strategic planning. This could be kept in-house or given to outside cohorts, but the expense implications of both models must be assessed as a component of the planning process. A lot of work and time should be set aside so the organization can isolate known and estimated expenses and develop and create them within the general organizational plan so they everyone know what they will need to pay for and when.
I did have some trouble understanding what exactly was the project, but I now have some clue to what I'll be doing, however further clarification would help. I was able to find what was needed with no problem and complete what is now needed to be done. I've never used a the project section on black board before, but I don't think it will be anything difficult to use. I would guess that it something we'll need to be using for this class on our projects, but I'm not really sure, so I'll guess it's useful.
Project proposals are used for the client or company to better explain the issue and how you intend to fix it. You will want to persuade the target that you are more than capable of completing the task. Small projects require small proposals while larger projects need to be more detailed and
Met all deadlines. 3. This project has a few errors in organizational format that become distracting to the reader. Student missed one of the required deadlines or turned in one of the aspects late. 4.
Regardless of whether you don 't have understanding of money related administration or to be sure a set out toward numbers, it is essential to realize what is happening and to have the capacity to impact the procedure. The planning procedure will eventually influence the result of the division and the general population around you. Planning is about significantly something other than numbers. A healthy cash flow is equally important for achieving successful medical practices and providing excellent patient care. Although maintaining payment rates to pay bills is a challenge, it has proven that steps can be taken to grasp the cash flow challenge.
Ensure that the property, plant and equipment exist and are genuine assets of the business and are beneficially owned by the business and any restrictions, pledges or liens on the property, plant and equipment are identified and adequately disclosed in the financial statements. At the same time, have to prepare fixed assets schedule as to attachment for this section. Test the mathematical accuracy, agree opening balances to prior period working papers and agree closing balances to the nominal ledger and investment ledger where maintained. Vouch against invoices, contract notes, and agreements for any additions or disposals in order to ensure that all property, plant and equipment are included in the balance sheet and gains or losses on realization of property, plant and equipment are correctly stated. In additions, ensure the property, plant and equipment are properly disclosed and
since the last reporting period. If none, indicate that. Section 6 – Critical Items Indicate any critical items impacting or that could potentially impact this Project and/or its delivery that have occurred during this reporting period. If none, indicate that. Section 7 – Project Photos and/or Illustrations If this project is in planning or design, provide any milestone illustrations that demonstrate progress or critical project development.
My quality world entails several aspects of what I dream of. College being the first step into the real world is a crucial necessity for my success. In order to have a successful life in my book, I need to acquire the education I want for my careers. It’s important that I learn study skills in college that I will use in real life, such as: organization, time management, networking, asking the right questions and empathy. Time management allows me to use my time effectively or productively, whether I’m at work, home, or school.
To organise for project management requires an understanding of the organisation’s architecture which includes the organisational hierarchy - the grouping of internal business units, the authority lines and interaction with one another. Each of these aspects should be designed to support project management within the organisation. Structure should follow strategy or else it may impede communication, coordination and decision making which are all key to success (Brevis, 2014, p. 224). Hence, an important function of upper management is to support project teams by either redesigning the organisation to emphasize projects or integrating projects into the current organisation (Graham & Englund, 2004).
TASK IV: PARTNERSHIP IN PROJECT MANAGEMENT Partnering is a project approach designed to allow the construction process to be performed within an atmosphere of mutual trust, commitment to shared goals, and open communication among the partnering members while working in harmony toward mutual goals in order to avoid claims and litigation and establish a win/win management approach. For the complex and large-scale Atlantis project, the contractually associated construction partnering between Laing O’Rourke and NORR along with various other members like Rockwell Group, WATG, EDSA, helped to create working relationship among all of the team members based on mutually agreeable plan of cooperation and teamwork to improve productivity. The main objectives of Atlantis project partnership included reducing project costs and schedules, eliminating change orders and claims, improving communication by developing
The principle reason that motivated me to pursue the MSc Project Management course is the appeal and challenge Project Managers experience in delivering assignments they undertake in their career. The qualification, indeed, lead to very smart and modern careers for graduates who love challenges, creativity, leadership and success. As a graduate of Mathematics, I have cultivated these features in my student life. Now, for my master level of study, I would like to take my chance of attaining formal skills in the area of project management. From my research, I see that Project Management is the application of skills, knowledge and techniques to meet the objectives of a project and stake holder’s expectations.
Introduction to Budgets and Preparing the Master Budget Budgets and the Organization Many people associate the word budget primarily with limitations on spending. For example, management often gives each unit in an organization a spending budget and then expects them to slay within the limits prescribed by the budget. However, budgeting can play a much more important role than simply limiting spending. Budgeting moves planning to the forefront of the manager's mind. Well-managed organizations make budgeting an integral part of the formulation and execution of their strategy.
Reflective Journal Student Name: Talita Silva Lima Programme: Higher Diploma in Science – Cloud Computing Month: July 1. Project Management In this section I will explain in detail my project management through a Gantt Chart and what I have done since my last journal until now, how my time management is going in order to delivery this project before the deadline and some of my achievements.
1- Investment decision 2- Financing decision, 3- Assets Management decision.