Essay on Managing a Large Financial Project

staff, management, and goals are in place to include them in the grid. Future plans must

This is to ensure that the necessary raw materials and physical resources are available at each stage, and that the workforce on site has the right skills for the scheduled work. The project management team will need to produce a series of planning documents that can be accessed throughout the project. Each member of the project management team must know their role and responsibilities, including which sections of the workforce they will be directly managing.

“ the means of connection between places or people in particular.” Technology by definition is “the application of scientific knowledge for practical purposes, especially in industry,” or “machinery and equipment developed from the application of scientific knowledge.”

10.1 – Sequential decisions: Present an example of a sequence of two or more decisions followed by an uncertainty.

I certify that the attached paper is my original work. I am familiar with, and acknowledge my responsibilities which are part of, the University Of Phoenix Student Code Of Academic Integrity. I affirm that any section of the paper which has been submitted previously is attributed and cited as such, and that this paper has not been submitted by anyone else. I have identified the sources of all information whether quoted verbatim or paraphrased, all images, and all quotations with citations and reference listings. Along with citations and reference listings, I have used quotation marks to identify quotations of fewer than 40 words and have used block indentation for quotations of 40 or more words. Nothing in this

An organisation needs to carefully manage both physical and technological resources. The physical resources include the maintenance, building and security of the premises. The technological resources include the equipment, the design and also the drawings.

This project charter is planned to help O’Donnell & O’Donnell LLP who will lead the project management team take place the parade smoothly. This parade for welcoming home troops will be organized in Colorado Spring which has a long history of military. This project charter’s goal is making sure project management team and sponsors understand all details and tasks of this parade and getting an agreement between these two parties. Some important tasks can be directed with the project charter. For examples, raising fund, arranging thousands of soldiers and planning a lunch

board has expressed an interest in hiring external IT Consultants to manage a project to

1) Based on the resources provided above, how would you define technology? Be sure to use your own words!

Technology is "the use of scientific knowledge for practical purposes or applications, especially in an industry" or in our everyday lives. Technology usually involves in using an equipment and that equipment can be very simple or very complicated to deal with. There are countless sources of technology available to us along with multiple variations being created. Since the nineteenth century to present day, the creation of technology has dramatically increased and improved. There are technical devices for almost everything, currently, our society is living off of technology, due to that fact that it makes any frequent task more convenient and effortless. Since the invention of the first mechanical computer designed by Charles Babbage in 1822, our society that we know today has come to be.

New business project can require time in bring on the establishment. However, the finance manager should analyze and research their project so to know the cost and cash flows that would be necessary to accept this project. Also, there should be formulated plans to repay or finance the project. Managers must be aware of the pros and cons of the new project. On the other hand, there should be time spent on the development of the project and investment should be in place for the establishment of the project. On the other hand, if the company is unable to meet the requirement of the project, then the project could possibly be

ABI is using a top-down process in this project, meaning that determination of the final budget comes almost strictly from a compilation of experiences and judgments of the top and mid-level managers in the company. The higher-level managers break down costs into major categories, pass down their cost estimates to the next lowest level, lower-level managers break the major categories down into subcategories and so on until the estimation process reaches the lowest level of the company. By the end, each level knows the specific amount of money that it is allotted to complete the project tasks required at that level. Because the project is so extensive in price and risk, it would have been smarter for them use a bottom-up process which would have involved the employees who would actually be part of the work team so that management could get a more accurate estimate of the time and money that would be required to complete the project.

MedDev is looking to streamline their resource planning across various departments in order to support their global growth and cut costs. In order to achieve this business objective, they are undertaking ERP Implementation as a Key project which involves largest investment MedDev has ever done as a single project. Thus success of this project is of prime importance to them.

Technical perspective is defined as the shared technology resources that provide the platform for the firm’s specific information system applications. It consists of a set of physical devices and software applications that are required to operate the entire enterprise.

This refers to the means and the methods used to produce the product or the service supplied (Worthington and Britton, 2009). Although this involves more than information technology, IT is becoming increasingly important. An organisation needs to know what technologies are being used by its competitors in order to remain in the market and not fall behind. To make its product more accessible to customers, a firm must also know what technologies are being used by them and how these technologies affect the firm's procedures. In a time where customers can read information on or buy products from firms around the globe, business conduct must adapt to technologies. This is discussed in Iammarino and Michie's article (1998), which also states that 'technology, computing, telecommunications, broadcasting and so on have opened up the world economy'.