Project Reconciliation Management : Project Management

This Project Charter is approved and accepted by the Executive Sponsor and the Client. Before granting approval to proceed, all signatures requested in section 1.5 must be obtained. By signing this document, the following people authorize the project to proceed based on the scope of work, project schedule and costs documented in this Project Charter:

Develop Project Charter is the process of developing a document that formally authorizes a project or a phase and documenting initial requirements that satisfy stakeholders’ needs and expectations. It establishes a partnership between the performing organization and the requesting organization, or customer. The approved project charter formally initiated the project. A project manager is identified an assigned as early in the project as feasible, preferably while the project charter is being developed. A variety of inputs are used during the development of the project charter. These inputs include project statement of work, business case, contract(s), enterprise environmental factors, and organizational process assets. Expert judgement is often used to assess the inputs used to develop the project charter.

By understanding the types of conflict resolution styles, managers can use appropriate conflict resolution styles to promote and generate healthy conflicts, increase productivity of all team members, increase employee morale and increase overall customer service.

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

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

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.

The project charter is a formally authorizing document for the projects existence as well as for the authority to use organizational resources throughout the project. The value of this document is that gives the Project Manager the proper authorizations for the project as well as the authority to use all and any organizational resources. The problem solved from the document is that it allows for the projects existence and for the continuation of it. When the document is rather not issued for a project there are many ramifications that can come into play if the project continues on course without it. For without the charter there is failure for the project, for there is no funding from outside sources, and there can be charges put in place for using unauthorized funding, sources, or organizational resources (PMI, 2004).

Using project management offers a business a way for dealing with considerably lowered phase times. With businesses operating internationally projects that can have an effect on the company as a whole are not easy to manage without a proper line of attack. For this, project management would help cross functional teams to be more successful.

22. Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the

While projects can be similar in some instances, no two projects are ever the same. For this reason, management of projects requires the application of tools and techniques to meet the goals of the temporary endeavor. Project managers apply these tools and techniques to determine what is required for project delivery such as the list of activities to completed, the time required to complete the activities, resources needed and the various risks associated with the deliverable and efforts. A multitude of tools and techniques are employed by the project manager based on the need of the effort to organize, identify and communicate the various aspects of the project. While in contrast, the repetitive nature of operations activities

Project Integration Management – management of all processes to ensure proper coordination of the project.

The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and

During the project initiation phase, I can work collaboratively with the project sponsor in the development of project charter and lead up to the formal authorisation of the project/ new phase. From the sponsor’s project SOW (Business need, product scope), Business case etc., I can identify measurable project objectives, high level requirements, risks, summary milestones and budget and approval authorities. The key deliverables in this phase are project charter and stakeholder lists.

This assignment will address three areas of project management that stood out while taking this program. Project integrated management, project communication, and project stakeholder management. A discussion on how they are executed will be presented. As more courses were taken during this project management graduate program, many of the project management concepts became clear and revealed more of the interdependencies and intricate dynamics that are required for successful project management.