Project Management For Dummies

A project creates a capability to perform a service. A Project is always developed in steps and continuing by increments – Progressive Elaboration.” (Project Management Guide, 2011) There are 7 main characteristics of a project:

17) To best evaluate, from a financial standpoint, an IT investment whose benefits cannot be firmly established in advance, you would use:

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

This course provides the foundation for successful project planning, organization, and implementation within the realm of information technology. The course uses real-world examples and identifies common mistakes and pitfalls in project management. Topics covered include project scoping, estimating, budgeting, scheduling and staffing, tracking and controlling, and software tools for project management.

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Projects are used today as a way of achieving a variety of outcomes in local or international locations for new constructions, new product development, product improvement, process design, process improvement, utility installation, theory and technology development, and many more. Bringing a project to a successful conclusion requires the integration of numerous management functions like controlling, directing, team building, communication and others. It also requires cost and schedule management, technical and risk management, conflict and stakeholder 's management, and life cycle management.

I will begin this report by defining what a project and project management actually is. This is a good place to start this report because it avoids any confusion towards the end where more complex jargon is used to show knowledge and to explain future points.

This paper was prepared for Fundamentals of Project Management, Module 2 Check Your Understanding taught by Dr. Levern Eady.

need to be upgraded and the existing data will need to be transferred into the new

‘A project is a connected sequence of activities involving a range of resources, designed to achieve a particular outcome and frequently used as an instrument of change. It takes place within a defined period of time and is the responsibility of a single individual or agency’ (CMI p17)

Project Scope – identifies goals, deliverables, tasks, costs, and deadlines. Project scope is part of project planning.

Finally, always read through your assignment on completion to ensure that your answers are clear and concise. It is also very important to ensure that there are no spelling or grammatical errors in your assignment. Technical presentation and precision make an important contribution to the quality of an assignment and must therefore not be neglected or disregarded.

Our pricing strategy and comfortable atmosphere will be the key to our success. None of the other shops in the area can offer this.

Project management is ovary found in many scenarios. It is a universal practice that comprises few basic concepts. In essence, every project in the world will require project management. Project management has different sides and variations. Nonetheless, the basic principles are the same for the different varieties. It is important to note that each variation has unique features. These features are used to address unique problems and conditions as specified by each domain. Two types of project management exist. The two are traditional project management and modern project management.

Watson Ltd. is a small size company creating and selling signage products to various companies of all shapes and sizes, including public institutions, small and medium size enterprises, as well as large size corporations. The organisation currently employs 16 staff members, as follows: a general manager, two assistant managers, three administration staffs, four design and sales staffs and six general operations staffs.