Application Of Five Project Management Process Groups

Develop Project Charter is the process of developing a document that formally authorizes a project or a phase and documenting initial requirements that satisfy stakeholders’ needs and expectations. It establishes a partnership between the performing organization and the requesting organization, or customer. The approved project charter formally initiated the project. A project manager is identified an assigned as early in the project as feasible, preferably while the project charter is being developed. A variety of inputs are used during the development of the project charter. These inputs include project statement of work, business case, contract(s), enterprise environmental factors, and organizational process assets. Expert judgement is often used to assess the inputs used to develop the project charter.

The process of Project Management is very detailed – there are multiple phases to properly manage the project (e.g., project plan, schedule, communication plan, risk management plan, and

need to be upgraded and the existing data will need to be transferred into the new

Define a project. What are the characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?

Unit VI Project Part 1 Dependencies A Gain an understanding of the marketplace A1 Assess Supply Chain Management A2 Analyze Competitor trends A1 A3 Analyze investment timing A1 B Analyze your business A B1 Analyze Consumer trends

Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.

The group process is facilitated by a counselor by the process has to be done by the members. It can be easy or hard depending on the individual and how much they want to disclose about themselves. The process is measureable and goals are set to help guide the members to stay focus on what they need to work on. Therefore, there five stages to help guide the facilitator and the members. They are forming, storming, norming performing and adjourning. First they must understand how to achieve their primary task, the purpose they joined the group ( ). Next the members are identifying who is going to be on top or bottom. Meaning who is going to be the control hierarchy and who is going to be the quiet one. Each member attempts to establish his or her preferred amount of initiative and power ( ). The third phase a group is the development of mature group cohesiveness ( ). They are starting to build trust, increase morale and self-disclosure. Fourth, the group members are working the group and changes are occurring depending on the individual. Lastly, the group members are beginning to

Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the

Even though the price would be lowered because of the bad weather as per the tying in price and weather policy, not everyone would still want to go away. Either it needs to be explained clearly on the website that undesirable weather will not entitle any customer to a refund or to change or cancel their booking without penalty; or the policy must be clear in whatever the company decides is fair. For example, it may state that if the weather is unpleasant can change (but not cancel) the booking to another time.

Several adaptations to the traditional approaches like agile, interactive, phased, extreme, etc have been made but each will be expected to meet the requirements of the project objectives, timeline, resources, and deliveries of the stakeholders. Other industry standard certifications like ISO9000 and regulations like the Sarbanes-Oxley have also influenced methodologies and processes used by several organisations (Kerzner, 2003). Generally, managing projects should involved five major process which include the project initiation, planning, execution, monitoring and controlling, and then project closing. See Fig. 2 below.

During the project initiation phase, I can work collaboratively with the project sponsor in the development of project charter and lead up to the formal authorisation of the project/ new phase. From the sponsor’s project SOW (Business need, product scope), Business case etc., I can identify measurable project objectives, high level requirements, risks, summary milestones and budget and approval authorities. The key deliverables in this phase are project charter and stakeholder lists.

Stage 1:Initiation: Develop a business case which describes the business opportunity or issue and present to management. Once approved, then commence feasibility study to research the issue/opportunity and possible solutions. Document solutions and decide upon preferred option. Identify objectives and scope of solutions. Document all project deliverables and impact on stakeholders. Define required qualifications or experience from selected team and recruit for interested/suitable staff. Discuss key roles and assign responsibilities. Design organisation structure which displays: governance, reporting

Project Stakeholder Management is under the 13.0 project knowledge area and entails four management process groups. The process groups are (1) Initial Planning, (2) Planning, (3) Executing, and (4) Monitoring and Controlling. What is important to note is without proper management of stakeholders, the probability of project failures are high. Additionally, the risk to a project being completed successfully also goes up.

The VP of marketing, Lori, selected Elliot Wood as the project manager for the Video Game Market Research Project. Elliot had previous project management and market research experience within the company, and he also was an avid video game enthusiast. He still had the Atari system he used to play in high school, and he enjoyed playing newer games with his two children. Elliot, however, was wary of doing business on the Internet and refused to make any of his own purchases online. He also did not let his grade school children use the Internet unless they were

Project management is a series of steps taken in sequence to manage a project through all phases from conception to completion. The steps are documented in a strategic plan. The plan is used to ensure that all parties are working towards a common goal. Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizing, staffing, directing, and controlling. Basic activities of project management include: identifying project requirements to define the outcomes; addressing various needs, concerns and expectations of others; setting up, maintaining and carrying out communications; managing others; creating project deliverables; and balancing competing project constraints.