Introduction
In this paper we will discuss the operations of the proposed business and the effects of the economy, the government and laws from a value added perspective in the global community. As this business is a service business the focus will be on the effect of those external influences on supply chain management and best practices.
Business Operations
Project management companies handle various types of projects to include: Internet technology, construction projects, medical management projects, marketing and business strategy projects, and more. A project is an endeavor with a definite beginning and end, meant to create a unique product, service, or result (Project Management Institute, 2008). Because of the nature of a project, the skills required on individual jobs vary. In an Internet technology environment, one might be creating a website, database or entire network. Specific application or programming languages, hardware engineers or networking engineers would be required and personnel with those particular skills would be needed for the job. The labor needs fluctuate according to the projects, making agility indispensable in order to meet project needs. In order to have an agile labor force, alliances with the appropriate technical and business recruiters will have to be developed and maintained. A pipeline of recruiters and contractors could be maintained in an SAP database for the quick and easy retrieval of the proper talent. This gives the company several options in contingency planning for any spikes or sudden declines in business.
In the start-up phase of the business, a project manager would meet with the client and gather the requirements to define the activities and scope of the project and estimate ...
... middle of paper ...
...al or manmade.
Works Cited
Bateman, T. & Snell, S. (2009). Management. NY. McGraw-Hill Companies, Inc. pp 27 – 29.
Project Management Institute. (2008). A guide to the project management body of knowledge (PMBOK guide). Fourth Edition. PMI Book Service Center: Atlanta. pp 50 – 52.
Rangan, S. & Lawrence, R. Z. (1999). IEEE transactions on engineering management. February 2001, Volume 48, Issue 1.Washington DC, Brookings Institution pp 111 – 112. Accessed on the World Wide Web, January 28, 2003, at: http://ieeexplore.ieee.org/Xplore/login.jsp?url=http%3A%2F%2Fieeexplore.ieee.org%2Fiel5%2F17%2F19709%2F00913172.pdf%3Farnumber%3D913172&authDecision=-203
Texas Workforce Commission. (2012). Veterans’ services – program overview. Accessed on the World Wide Web, January 28, 2012, at: http://www.twc.state.tx.us/svcs/vetsvcs/veterans-services-program-overview.html
Ebert Ronald J and Griffin Ricky W. (2011).Business Management.(8th edition). Business essentials, (pp.94-97), Boston [Mass]; London: Pearson.
For more than 25 years, The Little Black Book of Project Management has been introducing project managers to the incredibly effective and logical project management skill and methods to help them achieve their goal. This book has been flooded with very nee project management techniques as well as the latest standards of the Project management body of Knowledge (PMBOK) .accepted by PMI (Project Management Institute).
Project Management Institute, 2008. A Guide to the Project Management Body of Knowledge. 4th ed. Newton Square, Pa.
S. Keoki Sears, Richard Hudson Clough, Glenn A. Sears (2008), Construction Project Management: A Practical Guide to Field Construction Management
Kerzner, H. (2013). Project Management: A Systems Approach to Planning, Scheduling and Controlling. Hoboken, NJ: Wiley.
Robbins, S. P., Decenzo, D. A., & Coulter. M. (2013). Fundamentals of Management (8th ed.). Upper Saddle River, NJ: Pearson.
Kinicki, A. & Williams, B. (2012). Management: A Practical Introduction (6th ed.). New York, NY: McGraw-Hill Irwin.
Project Management is quickly becoming a field of study and importance in the business world. A search on the Internet of the title “Project Management” yields hundreds or results including forums, training manuals and job openings for related positions. Project Management is a broad term referencing the necessary steps taken by management to ensure a product is feasible before and during implementation. According to Project Management Learning Objectives, the steps to achieve success in this area include: testing and measuring products, evaluating and managing the product cycle, comparing costs and benefits, measuring product worth, economic analysis, product analysis, teambuilding and leadership, and budgeting and cost control (Project Management Outline). Project Managers oversee many different areas of the business and are responsible for project success.
Project Management Institute. (2012). A guide to the project management body of knowledge (PMBOK guide). Newtown Square, Pa: Project Management Institute.
Patanakul, P., & Milosevic, D. Z. (2010). They are business leaders at Spotlight Corporation. In D. Z. Milosevic, P. Patanakul, & S. Srivannaboon, (Eds.), Case studies in project, program, and organizational project management (pp.409-416), Hoboken, NJ: John Wiley &
Carpenter, M., Bauer, T., Erodogan, B., & Short, J. (2013). Principles of management. (2nd ed.).
Robbins, S. P., & Coulter. M. (2014). Management (12th ed.). Retrieved from: Colorado Technical University eBook Collection database.
OLLIER-MALATERRE, ARIANE; ROTHBARD, NANCY P.; BERG, JUSTIN M. Academy of Management Review (Oct2013), Vol. 38 Issue 4
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.
PMBOK, (2013). A guide to the project management body of knowledge : (PMBOK guide). 5th ed. Newtown Square, PA: Project Management Institute, Inc..