Unit 2 Methodology Essay

A project must have a beginning and an end. A project reaches its end when either, objectives of the project have been reached, it has been established that the project’s objectives cannot or will not be reached, or the project is no longer needed and is

Project – this organization structure is temporary and is designed to achieve specific results while using teams of specialists from different areas within the company (Chand, n.d.) Once the project is over, the team members may be disbursed back to their original position or be assigned to another project. This style is good to use when there is a unique and unfamiliar to the company, work is not repetitive in nature, and critical in terms of possible gains or loses (Chand, n.d.). The project manager and the functional manager shares the authority over the project team members which could cause a conflict.

Accorfding to the simplilearn website, Chandana mentions that "PRINCE2 is a business approach that suggests a structure to be followed while managing projects towards effective results" (Chandana). That quote means that the method is used

In this paper the word ‘project” is defined, discussed and elaborated on. The phases of a project lifecycle and its purpose are to be discussed, and how it is important for organizations to use project management to accomplish tasks will in conclusion be discussed thoroughly. The indisputable word ‘Project” may be defined in numerous unusual ways, some can all have the same meaning and others can mislead a reader. The definition that accurately explains what a project is, comes from the Houghton Mifflin Company (2009) website stating; “something that is contemplated, devised, or planned; plan; scheme.” A definition that can mislead a reader is this definition from the same website just two paragraphs

There are projects of different sizes that have different ways and requirements on how the people are organized. In small project, little organization structure is needed. There might be a primary sponsor, project manager and a project team. But, for large projects, there are more people involved, and it is important that people understand what they are expected to do, and what role

PRINCE2® (Projects in Controlled Environments), is a widely used project management methodology that navigates you through all the essentials for running a successful project. It provides project managers with a practical roadmap from conception to close.

PRINCE2 is an organized way to deal with project administration. It gives a strategy to overseeing projects inside of a plainly characterized system. PRINCE2 define methods to facilitate individuals and exercises in an project, how to outline and direct the task, and what to do if the project must be adjusted that it doesn't create as arranged. In the strategy every procedure is determined with its key inputs and outputs and with particular objectives and exercises to be completed.

The concept of prince2 is to control environments of project. It is a venture approach system that offers a methodology with a basic structure to run ventures adequately. It covers the association and administration of tasks.

The UR UMUC Healthy Fitness Center was founded in 1980, by Tom Ellington, a UMUC Business Management graduate and retired US Marine. The UR UMUC Healthy is quickly becoming stagnant with a 30-year-old business model and outdated equipment. Newly arriving competition, in the form of Gold’s Gym, threatens to diminish the business by opening up an establishment a few blocks away. The purpose of this paper is to analyze the business environment using Michael Porter’s Five Forces model and develop a process for improvement.

The United States is one of the most culturally diverse nations in the world but the health outcomes of racial and ethnic populations are still disproportionately affected, as access to health and healthcare utilization can be a difficult and complex path that cuts across various racial and ethnic populations including African immigrant population (Venters & Gany, 2009). These complexities are due to barriers associated with health disparities, linguistic, cultural, and inequality among other things. African immigrant population is identified as a vulnerable population and is impacted with the lack knowledge and research studies that has emphasized mostly on infectious diseases among this

Planning is a process of establishing a mission with clear goals as a means to achieve them. Good planning requires special skills and perspectives allowing decision-makers to understand the challenges they are facing and apply the most effective solution to a problem. In order to achieve success, one must plan accordingly. Planning can be short term or long term. Short term plans are done on daily basis and are easier to achieve than long term plans. Long term plans are also known as strategic plans and are used to achieve a long range vision or mission of a company. In both methods of planning, short term and long term, is necessary to achieve top notch results. Like in any other process, there are both benefits and pitfalls to a

Each project has its unique characteristics and the design of an organizational structure should consider the organizational environment, the project characteristics in which it will operate, and the level of authority the project manager is given. A project structure can take on various forms with each form having its own advantages and disadvantages.

A business case is consisting of information, recommendations, and analysis. It has a problem statement defined to solve, its severity, and complexity. It gives a choice for a decision maker, by relating the features, costs and benefits, and stakeholder’s impacts for every option. The business case states about the assumptions, estimates made, and weaknesses in the underlying data.

Over the past decades, an ability and capability to organize project management could determine the success of an organization. Generally, project managers use formal project management methodology to run projects efficiently. This article describes the explanation of the differences between PMBOK and PRINCE2, the advantages and disadvantages of those models, and the example of a project which use PMBOK methodology.

Phillips curve is an important theoretical framework to study the dynamic mechanism of inflation. The traditional Phillips curve shows the relationship between the output gap and inflation, but the model is difficult to be consistent with empirical facts. Although the Phillips curve is expected to obtain a better fitting results, the adaptive expectation hypothesis can not overcome Lucas 's criticism. Moreover, the traditional Phillips curve lacks of the micro basis of price adjustment. Therefore, the New Keynesian Phillips Curve (NKPC) has arisen to respond the proper time and conditions which take the rational expectations, price stickiness, cross period optimization and monopolistic competition and other factors into consider and insert them into the model. It is a structural equation with a micro basis.