1. Definition of Project Management. Project is a temporary attempt to achieve a goal with a start and an end. The output of the project can be a product or a service. Project management is a protocol which follows a systematic approach to create a result. There are two methodologies to complete a project: one is a project life cycle to complete the work and the other is project management process to manage the project. The project management process includes the initiating, planning, monitoring
three interdependent variables, cost, time and scope, must include another important constraint operating in every project: Quality. This constraint should be analyzed in two ways, product and process quality (Wysocki, 2014). A project could be delivered in time, meeting cost and scope, however, it might to fail to comply quality standards (Schwalbe, 2014). The process of balancing project constrains includes the followings, but are not limited to: Scope, Quality, Schedule, Budget, Resources and
Question One: Triple Constraint Triple constraint refers to three important dimensions of a project that must be coordinated and balanced for successful completion of the project. The three constraints are interdependent because altering one constraints affects at least one other constraint. The triple constraint components include scope, time, and cost. The scope of a project refers to specific goals, deliverables, and tasks that must be accomplished for successful delivery of the end product. It
Introduction 1.1 Background The concept of projects has been in existence since the building of the Pyramids, Great Wall of China, Taj Mahal and many other initiatives which would have been completed in the earlier centuries. Projects are said to be temporary endeavours undertaken to create a unique product, service or result ((PMI) 2013). The project management profession has developed over the last 30 to 40 years (Weaver, A Brief History of Project Management 2007). There have been many emerging
2.1.3. Project Management Body of knowledge areas 2.1.4. The project lifecycle management According to PMI (2013), the life cycle of a project is divided into five process groups: 1. Initiating: allows to define a new project or new phase of a project in progress, to obtain authorization for its execution and if accepted, to identify stakeholders. 2. Planning: allows developing the project scope, developing goals and defining the subsequent actions to achieve the objectives for which the project
overall success of a project. In addition, the paper contains topics, which focus on risk and issues that individually or jointly negatively influences the success of procurement. The key topics discussed in the paper are procurement risk types, which examine some common risk that are observed with procurements and on projects. Lastly, the paper examines how risk management is defined, how to identify risk, and how to determine a plan for closing risk. Fleming (2003) says that project risk can be divided
submission three important concepts related to Operations Management and Business models will be explored. Areas of total quality management (TQM), six sigma, and the project triangle are important concepts for leaders to maintain and improve their operations management. In the submission relations to leadership, strategies of implementation, and biblical integration will be drawn for these three concepts. Group Consensus Operations management is concerned with effectiveness and efficiency within
business case, the project team assured that the current business environment, shortfalls in the service and finally the desired end state from business perspective are accurate. This helped us to define the performance indicators for the new project that served us in the functional verification of the project during the implementation phase. These details were captured into the Project Management Plan (PMP) to execute, monitor and control the project. To deliver the project successfully on budget
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Sandikhola’s remoteness acts as a constraint to the project. Transportation of goods to and from Sandikhola is expensive as the nearest city is about 6 hours away. This means that most or all of the materials for the project should be sourced locally because cutting costs is very important. Sandikhola is poverty stricken and with people earning very little everyday, the cost of the project acts as a constraint. It would be impossible to follow through with the project if ther was a signifiacant amount