Part a Critical Analysis of Project Management Plan

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.

This paper is aimed at developing an elaborated project plan for the project that we have been discussing in the past weeks. The key idea of this comprehensive project plan is to prepare a detailed formal document which charts out a plan for end to end execution of the project. If a project is not supported by an adequate project management plan then it will a big risk of losing out on track and may not achieve its objectives. Hence, it is essential for every manager to bring out a project management plan before moving onto the project execution phase. The key elements of this plan are primary and secondary objectives, planning elaborations, important decisions and assumptions and so on. Using this document, managers can create communication mechanisms, project baselines and detailed strategies to achieve the project objectives (Harris, 2011). Narrowing down the focus, I have documented a detailed plan of transformation for the motorcycles maker into manufacturer of a touring class motorcycles. Meanwhile, the company will continue to produce the existing product range to hold onto its present consumer base. This will save the company against any financial risk in case of any failure.

This is the core of any project plan used to communicate what tasks are needed and the order of sequence to be done to meet deadlines and deliverables.

The most valuable output of the Plan Procurement Process is the Procurement Management Plan. As is the case with almost every aspect of the project management process, it is essential and imperative that the project management team implement an effective and concise plan when it comes to the various components of procurement throughout the project’s life cycle. Specifically speaking, the procurement management plan refers to the plan that has been put into place that is meant to dictate and describe the entirety of the procurement process and how it is means to relate to and with the developing procurement documentation, and how contract closure will relate to all. The procurement management plan should be implemented and developed as early in the project life cycle as possible to assure that the procurement process is consistent throughout, however, in some cases the plan may be altered once the project begins, particularly if budgetary reasons dictate.

By using the proper resources for the structure of planning it helps the organization of the team and last but not least each team will be able to reflect on the change while the manager evaluates the process. After the new changes are put in place it is vital for the manager or leader to complete the evaluation of the project planning in order to see how the changes put in place made the company improve. This is the time which important decisions are made based on the result of the beginning changes.

The strategic allocation of resources for an organizations goals must both be short term, and long term. It must take into consideration costs of employment, costs of service, costs of insurance, costs of resources for operation, timetables for the managment of these costs and (last but not least) sources of revenue. Of course, accurate ways of measuring the effectiveness of funds (i.e. are the funds our organization allocates for project-X yielding the successful results-Y that we are looking for) are also indispensible aspects of financial management, crucial to any organization. This, too, implies an ability to keep accurate records of where financial resources go in an organization; the more detailed and up-to-date, the better. (Already, we begin to see how, within financial managment, information management becomes important).

Thomas, M., & Adams, J. (2005). ADAPTING PROJECT MANAGEMENT PROCESSES TO THE MANAGEMENT OF SPECIAL EVENTS: AN EXPLORATORY STUDY. Academy of Strategic Management Journal, 4, 99-114. Retrieved from https://prx-herzing.lirn.net/login?url=https://search-proquest-com.prx-herzing.lirn.net/docview/215099782?accountid=167104

AS DESCRIBED IN THE CHAPTER PROJECT PLAN DEFINES THE STEP BY STEP PROCEDURES AND SCHEDULE OF THE RESPECTIVE PROJECT WHERE.AS THE PROJECT CHARTER OUTLINES THE ECONOMIC LIMITATIONS AND AVAILABILITY OF BUDGET FOR THE PROJECT AND SUB.SUMES THE PROJECT RISK MANAGEMENT.

Universities are known for its complex operating environment. The complexity of the academic environment can be attributed to their compliance requirements. Consequently, effective financial management is essential if a university will achieve its mission. On the other hand, university resources must be carefully aligned with its mission and vision, given today’s competitive higher education environment. The ensuing presentation will propose a budgeting process suitable for Manhattan Institute (MI). Accordingly, this presentation would focus on the justification of the responsibility centered budgeting process to be implemented at MI. Significantly, the presentation will highlight the function of the responsibility centered budgeting process

This paper will enumerate the objective of the financial management course offered at the Benedictine University. I will investigate the pertinent questions that will help evaluate the course objectives. Furthermore, the paper will evaluate the lessons learned. In the end, an inferred decision will be made based on my evaluation of the course. I will infer from the analysis whether the course will be worth the stakeholders investment.

In order to gauge the financial ability of the company, some analysis of the company 's financial statements, income statements, balance sheets is conducted. This will report the viability of the projects potential to become profitable for the company and its strategic objective. In addition to current operations, the new project is added and a thorough analysis is done to get the final result to conclude whether or not a decision is needed to be made about the acceptance of the new project. This report is prepared to give important and analytical information with regards to the new project.

During the project planning phase, I can work effectively towards the development of project management subsidiary plans to execute, monitor and control and close projects. I will contribute towards the planning of the scope in assuring that the project includes all the work required and only the work required. I will do this by conducing interviews, focus group, facilitated workshops etc., I can clearly define and document stakeholder needs to meet project objectives that will be

The proposal writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses key aspects necessary for the project to be implemented in line with best practices for project management.

The Project Management Plan (PMP) provides the general overview and establishes specific strategies and milestones for the preparation of study notes and delivery of presentation on the topic “Developing the Project Team “. The PMP will define the project 's requirements and expectations. This document will be updated as required, if there is any change in the subsidiary management plans.

This report will consist of the recommended sections a project plan should possess. These sections include a framework, necessary