INTRODUCTION This class has given me a great insight into which complexity is and how it relates to project management especially within the construction industry. Project complexity is defined as consisting of many varied interrelated parts and can be operationalized in terms of differentiation and interdependence (Baccarini, 1996). The course established the fact that all projects do have some level of complexity. To be able to effectively identify the extent of complexity and to adequately plane for these complexities, one needs to get a clear understanding of what the project involves and how to strategize an implementation plan (Ireland, 2007). The course also differentiated between risk and complexity while elaborating on the identification and management of risk. Complexity is basically associated with the level of difficulty which makes it harder to complete the project thus requiring special efforts to keep project risk in check. Risk measures the uncertainties associated with the project while complexity focuses on the known knowns. Also discussed was the Complexity Theory. This theory seeks to determine the minimum number of components needed for a system within a particular area of interest firstly by finding new designs that call for fewer components and by showing that a certain number of components will be needed no matter what design is followed. Secondly by setting limits beyond which further attempts at improvements are futile. This helps to completely
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.
10.1 – Sequential decisions: Present an example of a sequence of two or more decisions followed by an uncertainty.
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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
The company I work for is a private engineering consulting firm. Brown and Caldwell is the largest engineering consulting firm solely focused on the U.S. environmental sector. Our services include utilities, government, technology, industry, water, and environmental. I am currently working on a project in which involves increasing the number of monthly project reviews, which is an area that I am responsible for monitoring. This area is the most monitored of all because my organization has a large issue meeting the company required metrics put in place by the Project Management Office. I have until our fiscal year end to
Break - even analysis helps to provide reliable information between sales and profits as well as the costs. It also contributes an analysis the amount of success of the project must achieve. Finally, the approach presents to organizations a benchmark to compare a process or a project to what level of operating leverage will create better profits. However, comparing the projects' Stargazer is the most likely project that will create the highest revenue. (Jacobs & Chase, 2011)
Construction projects are always unique and risks raise from a number of the different sources. Construction projects are inherently complex and dynamic, and involving multiple feedback processes. A lot of participants – individuals and organizations are actively involved in the construction project, and they interests may be positively or negatively affected as a result of the project execution or project completion. Different participants with different experience and skills usually have different expectations and interests. This naturally creates problems and confusion for even the most experienced project managers and contractors.
Formulate risk-management plan for project, including work health and safety (WHS), changing roles and responsibilities in project team; negotiating an extension of deadline, or redefining completion or quantity or quality of outcomes; outsourcing some aspects of the project; reducing cost; researching and applying more efficient methods for completing projects tasks; seeking further resources to meet deadline; sharing ideas to gain improvements to work undertaken in the project.
However, ethically, no person should be singled out for project failure unless it is the project manager. In the end, he or she is the one assigned the ultimate task of ensuring the project is completed. Although the project manager is in charge of ensuring the task gets completed, sometimes a task can fail despite the project manager’s best efforts. In these cases of project incompletion or failure, it should be said that the team failed. This is the most ethical result in this sense because it points the blame for failure on the team as a whole instead of just one or two people. Therefore, it is morally wrong to blame failure to complete a project on any one individual.
The Project Manager has some tasks that have to be carried out, he/she is responsible for the full project. The Project Manager has to make the best use of all the resources so the project can be completed successfully. The project Manager sets the boundaries for the project, such as schedules and what is done and when it has to be completed.
i. Speed has become a competitive advantage; more and more organizations are relying on cross-functional project teams to get new products and services to the market as quickly as possible.
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.
The completion of any project depends on the execution of various parameters mostly set at the beginning of the project. In order to complete the project to satisfactory levels, the project must be completed within the stipulated timelines, fall within the approximate budget and be of the required quality standards. However, most of the projects are affected by adverse changes and unforeseen events that occur during the execution period. Research shows that the magnitude of change is dependent on the size of the project, with large projects experiencing more uncertainties due to several factors including; planning and design complexity, interest groups having deferring opinions, resource availability, Economic and political climate and statutory regulations, which may necessitate change of plan. Most of the uncertainties are known to occur in the concept phase and if not intervened, they may affect the entire project. The burden falls on the management of such risk as some managers choose to ignore the uncertainties since they call for additional costs. Other inherent risks may go unnoticed and therefore remain unsolved,
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.