Jpz777 03/08/2013 Order # A2087894 As a longtime project manager for the U.K.-based renewable energy firm Renergical Ltd., I have focused exclusively on overseeing the installation of wind energy plants throughout Europe, with the recent completion of a 25 million project in Denmark standing as one of my proudest achievements in the field. With my recent assignment to lead a team of 150 engineers, technicians, and construction workers during work on a large solar plant in the United States, it is reasonable to expect that cultural differences may present an array of risk factors which must be anticipated and mitigated. As a crucial component of the project planning process, which will admittedly be compressed due to the overriding project start deadline of three weeks, the director of Renergical's project management department has scheduled a meeting of key stakeholders within my newly constituted project team. This introductory phase of the project planning process is indispensable to the solar plant installation occurring on schedule and under budget, as project management experts have observed that because "team meeting processes are usually established early and are essential for well-focused, productive work … the team meeting is where the behaviors and personality of the team are developed and reinforced" (Wong, 2007). To adequately prepare myself for this team meeting, which represents a critical launching point to determine the eventual progress of Renergical's
17) To best evaluate, from a financial standpoint, an IT investment whose benefits cannot be firmly established in advance, you would use:
Project management with its concepts, theories, methodologies, tools and techniques has developed during the last 30 to 40 years. There are number of new methods of project management which have emerged in recent years, and also started to be used in various projects by both the private and public sectors. This paper identifies the concepts, theories, methodologies, tools and techniques of both traditional and modern project management approaches, then evaluates the differences between them. Furthermore, this paper evaluates if it is better to rigorously adhere to the traditionally accepted project management approach for both the private and public sectors. From the evaluation, it is concluded that the hypothesis which argues that both the private and public sectors must rigorously adhere to the traditionally accepted concepts, theories, methodologies, tools and techniques of project management in order to sustain a competitive advantage and deliver value for money through the successful delivery of projects is neither proven nor disproven. Both traditional
On June 8th 2015, my daughter Angela and I travel to Ecuador on a 10 day trip with our church Hickory Creek Community Church to serve and work on a rebuilding project at our host site Hacienda El Refugio and a local primary school. El Refugio is located in the Andes Mountains in the town of Calacali, which is 18 miles north of Quito, the capital city of Ecuador. That has a mission to serve as a retreat center that serves the needs of young people and families. Our first couple days we worked at a primary school that has fourteen students that range in ages of 4 years old to 7 years old. The school is currently directed by one administrator who acts as the principle and teacher. Unfortunately, the school is in less than ideal conditions
Managing our emotions has allowed us to be effective in avoiding conflict stemming from disagreements and to foster a positive, inclusive, and collaborative group climate, thus improving our group efficiency. Moreover, transparency has been a vital contributor towards success in upholding our goals, vision, and communication. Lastly, valuing diversity has been important to our group, as being able to identify and utilize individual’s strengths within our group has optimized respectfulness and efficiency in task allocation. As a result of upholding our common purpose, a strong, shared identity, and our team values, we have achieved team synergy. Nevertheless, we wish to improve on the implementation of our team goal of working together effectively by more clearly identifying milestones that need to be completed for upcoming projects.
It is important to have a mechanism in place for resolving any conflicts with the team members. Have a plan for dealing with interpersonal conflicts as well as a way to evaluate each team member’s contribution to the project. It is important that all team members contribute to the goals of the project.
The forming of a high-performance and cohesive team is a delicate process that when done properly can reap great results. According to the text Tools for Teams, “effective teams go through three basic phases: formation, development, and renewal.”(Thompson, Aranda &, Robbins, 2000, p. 56) Each phase can prevent great challenges for each individual member of the team. It is an even greater challenge when team members are very diverse due to different personality traits, and differences in skills and abilities, as well as values and attitudes. Adding extra burden is strain brought on by geographical differences. These very challenges can be used as
‘The role of communication in team building and in the creation of positive group dynamics in a project environment, and the implications of this relationship for project performance’
The ____ focuses on different groups’ roles and responsibilities in order to meet the goals and policies set by top management.
In the business world, individuals are mostly required to work with one another in teams to accomplish tasks. Usually different team members come to the realization that working with one another to accomplish common goals is challenging. In the given situation, a virtual team with people from six different parts of the world was formed, and I happened to be the leader. The USA, Brazil, Japan, Germany, Israel and China are the places where my team players come from. Working in a diverse group, I expect all members to bring their knowledge and talents to the table, but I do also expect the group to confront many challenges such as communication, technology use, cultural differences, different time zones, and self-management.
1. Define a) Project b) Project Management c) Process d) Resources e) Project Cost .
Throughout the course of this class, we were fortunate in developing many interpersonal skills as well as experience team-based issues in the work environment. All of this started with the formation of a team, with one main objective in mind: develop a team charter. Although the team was formed based on a minimal knowledge of each and every one and mainly upon our physical location in the class, it didn’t take long to feel a sense of belonging and mutual trust. As described in Dr. Bruce Tuckman’s team model, our way through the forming and storming phases were facilitated by our open-mind to each other, knowing we didn’t have any preconceived thought of everyone because most of us never met before. This paved the road for very positive norming and performing phases, where everyone actively participated in keeping the team performance to a maximum.
Instead I would relate to the group project we do in our master’s. I have been part of many different groups with different nationalities. I have closely observed each and every person how he or she performs, what is the procedure and stuff. The first question I wanted to know was the approach how people approach things differently. Its great to get to know different people different culture their approaches and mainly their thinking. One thing which I observed in class is when given the opportunity to the class to form their own groups nationality is what people choose and that hurts me. I have other 5 Indians with me but we always want to work with others I thinks that is what international business is all about working in a diverse team, some of them have bad examples to post that a person led the performance down but it always happen that way. The dynamics of team work is the main part of success. We had a marketing project to do but we as a team never got well with each other. Everyone had their priorities and thus we performed bad. Everyone wanted to go home and do their part alone instead of sitting together and sharing and creating ideas. This was the worst group work I was the part
On May 31, 2017 I met Ethan Alexandre at The Tile Shop where he presented me with two Invoices, one for 1\3rd of the project total estimation ($xxxxx) relating to the Scope of Agreement which was my project list that I gave him and he put into a company letterhead. The other relating to The Tile Shop Invoice for tile ($xxxxx). We were meeting this day to retain for the project start date of June 15, 2017 and to take advantage of the Memorial Weekend extra savings that would not be available after this date to purchase tile material.
Then we arranged our first group meeting in campus where the gathering began with a short presentation of each member and concise on other significant course done which can be valuable for the undertaking work. All colleagues had enough learning needed for this course, and was exceptionally eager to cooperate and make an extraordinary group. We have set up standard procedures all in all for the whole project. The plan was to give equal opportunity to all team members and make a learning environment for all roles and responsibilities. Our team was cross cultural team we had members from different countries and cultural backgrounds. Being an student we all have some general morals
Project finance according to Larry Wynant, is “a financing of a major independent capital investment that the sponsoring company has segregated from its assets and general purpose obligations”. World Bank defines project finance as the “use of nonrecourse or limited-recourse financing (Comer, 1996). Project finance is a way of funding where the moneylender accepts future returns from a project as an assurance on a loan (Slivker, 2011). Project finance is simply a way of financing or funding a project.