Project Management Assignment 1
Shasha Kay McIntosh
20121836
Excelsior Community College
Project Management
MGMT3605
Mr. P. McCarthy
July 15, 2015
Table of Contents
Unit 1 4
Characteristics of a Project 4
Resources Needed for a Project 5
What is project Management? 5
Importance of Project Management 5
Success 6
Why projects succeed 6
Why project Fail 6
Unit 2 7
The Phases of Project Management 7
System Development Life Cycle 8
Criteria Used To Prioritize Projects 9
Net Profit Value 10
Payback Period 10
Return on Investment 10
Characteristics Of A Goal/Objective 11
Define Project scope 11
Choosing the members 11
Importance of the user 12
Common Sources of Risk/Constraints 12
Difference between Risks and Constraint 12
Approaches to risk management
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Here you need to estimate the duration of a task over a number of days.
• Determine calendar dates for each task and create a master schedule
• Adjust the network dependencies and individual resource assignments as necessary to optimize the schedule.
• Chart the final schedule. (Campbell, 2014)
Zero Based Budgeting Approach
This approach requires managers to justify all of their budgeted expenditures, rather than the more common approach of only requiring justification for incremental changes to the budget or the actual results from the preceding year. (WERAGODA, 2015)
Schedule
Scheduling is setting a timeline within which tasks will be carried out. Scheduling involves converting the tasks in the work breakdown schedule and network diagram into an achievable timetable with start dates, finish dates and assigned responsibilities for each task. (Campbell, Project Management for MIS,
The steps designated in the Work Breakdown structure were given in five different steps. First, assessing the hardware needs of the new HRIS software. Second, obtaining the required hardware and installing the new software onto it. Third, moving all employee data and records from the old HR databases to the new, more robust HRIS system. Fourth and fifth are very similar, training for both Managers and employees in the two new systems of records, HRIS and payroll.
Accomplish entrepreneur opportunity to invest in a personal business venture of a specific interest being a
Which is requirements needed, after all the information the team will analyze to determine software requirements and generate a report. Then we move to the selection and design, this will occur when the team creates several designs and share with everyone on the project. We will identify any weakness, if we have any successful prototypes it should show how the software will operate. Implementation phase should proceed without any issues if there is any it must be correct during this time. A planned out schedule should allow for any unexpected incidents. When the implementation stage is complete we move to operation when our software has been designed and does what it was designed to do. We will do a review and evaluation which consist of performance, cost and
Scheduling Procedures. Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines. Your initial post should include explanations and examples and be 200-250 words.
It involves a reference to a sequence of steps or events and the allotted time for each one.
The amount of time that will be required to complete each work package will be estimated by recommending the number of work periods needed to complete individual activities with the estimated resources. All estimated duration times will be reported in whole hours, rounding any partial hours up to the next whole hour. Partial days will be rounded up to the next whole day. The estimated duration times will be reviewed and must fall in line with the scheduled Project completion date.
With the available information from the previous email regarding the projects of Juniper, Palomino and Stargazer, I feel it is in the company’s best interest to go with the Palomino project moving
As part of planning a project, tasks are assigned to project team members. Durations for task completion are also specified. Task duration estimation is necessary since it helps in cost and resource estimation. Iranmanesh and Mokhtari (2008), further affirmed the importance of project duration estimation by saying that, estimation of time and cost to complete work in a project and follow up them during implementation are major contributors to success or failure of a project, and hence very salient for the Project Manager. According to Hill, Thomas and Allen (2000), developing accurate estimates of overall project duration and its separate activities, is critical in
Project Brief: In depth literature review of formal project management methodologies and project success. Background research of the Home Automation industry, theory and concepts of complex projects.
1. Scheduling involves the timing of operations to achieve the efficient movement of units through a system. The overall objective of scheduling is faster movement of goods and services through a facility, better customer service and dependable delivery.
This assignment will make use of ProjectLibre, an opensource and free alternative to Microsoft Project. If you have Microsoft Project available you are free to use this instead. Both Microsoft Project and ProjectLibre have the same nomenclature, but quite different user interfaces. This tutorial will assume you are using ProjectLibre.
period (based on operating schedules and budgets) in terms of materials used, labor cost, and overhead cost, and then determining how much of this production, if any, was used to build up
(Systems analysis and design, tenth edition. Page 91 & 92.). After determining the necessary tasks a project manager will use project scheduling to put the tasks in order to create a timetable to follow by, which are usually charts showing the task, what it needs, and critical tasks that can’t be avoided. (Systems analysis and design, tenth edition. Page 91 & 92.). Once the work has begun the next step is project monitoring which includes supervising, guiding, and to not push too much work onto the project team. (Systems analysis and design, tenth edition. Page 91 & 92.). Then the final step in the process is project reporting. (Systems analysis and design, tenth edition. Page 91 & 92.). The project manager creates reports on the progress made and sends it to the users, management, and the project team. (Systems analysis and design, tenth edition. Page 91 & 92.).
ME5114 Quality Assignment Student ID Number: K1359388 Student Name: Abduallah Kabli Programme: Mechanical Engineering BSc Module: ME5114
With incremental budgeting, the budget used for the current fiscal year becomes the base for incremental distribution for the next fiscal year. In other words in this system the expenditures are made on basis of resources. If resources fall short the expenditures are cut down. Thus, this form of budgeting agrees to the statement of cutting coat according to cloth. The assumption is that the entire organization and all of its departments will continue to operate at a minimum with the same budget used the previous year. Incremental budgeting works efficiently in organizations where management does not conduct an extensive analysis of the budget on an