Project Management †the Managerial Process - 1609 Words

Assignment #2: Ducks Unlimited Keystone Conference: Initial Planning Name: David T. Browne Instructor: Dr. Penny Wilkins Bus 517: Project Management – The Managerial Process Date: January 29th, 2011 Describe the elements of scope for the project In discussing the elements of scope for the project, we can look at the scope checklist which gives us the ingredients of the scope definition. These elements in the checklist are as follows: project objective, deliverables, milestones, technical requirements, limits and exclusions, and reviews with customers (if applicable). The Ducks Unlimited Keystone Conference project has information given through the statement of this case study as follows: As a project manager†¦show more content†¦For example the project requires that the conference be held in Charlottesville, NC. The venue is limited to this city and state and the contractor cannot move it to another venue. Evaluate priorities, list them and explain your rationale Forming the priorities for the project considers the three project measurement elements: cost, scope, and time. By determining with the customer which one of these elements are the priority over the others, the project manager can determine which element can be the constraint, which one can be enhanced, and which element to accept. This can affect the quality of the project if time, cost, or scope is the priority. With this project, we do know that the cost of the project cannot exceed a budget of $1.2 million. Therefore the cost is a constraint – no flexibility in this area. Time could be accepted, meaning that the date for the conference could be in twenty or twenty one month – not an exact date. Performance or scope of the project can be enhanced with the flexibility of the projects that the individual teams undertake before the conference. In fact, the service at the venue could be of elegant quality or simply good food. The scope of this project could be enhanced . Develop a preliminary WBS When we look at the preliminary WBS we have to consider the hierarchical breakdown of the job that will have to be finalized in order to complete a successful project. In orderShow MoreRelated†¢ Project Management 5th Edition: the Managerial Process / Erik W. Larson, Clifford F. Gary. Copyright 2011.1232 Words   |  5 PagesModern Project Management. 1. Project: A project is an effort or endeavor undertaken for a period of time in the purpose to build, create or achieve a unique product, services or result. The Characteristics are: * It has an established objective. * It has a defined life span i.e. (Beginning and end) * It involves the input of several departments and professionals. * It’s Unique, because it is what has never been done before. * It makes vital use of specific time, cost andRead MoreProject Management : Application Of Knowledge, Skills, Tools And Techniques885 Words   |  4 Pages EMEN 5030 PROJECT MANAGEMENT JOURNAL Pavani Potluri Graduate Student Interdisciplinary Telecom Program TABLE OF CONTENTS 1. INTRODUCTION 3 2. PROJECT MANAGEMENT STRATEGIC PLANNING 5 3. THE PROJECT MANAGER 7 4. PROJECT ORGANISATION AND PROJECT TEAMS 9 5. COMMUNICATION AND STAKEHOLDER MANAGEMENT 11 6. CONFLICT AND NEGOTIATION 13 REFERENCES 14 1. INTRODUCTION Project Management is not limited to a particular sector of the industryRead MoreManagerial Feasibility1338 Words   |  6 PagesDefinition of Managerial Feasibility Studies: Managerial Feasibility studies is the objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats which are presented by the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained. Managerial feasibility study is an analysis of the viabilityRead MoreProject And Attend Executive Update Sessions1117 Words   |  5 Pagesinvolved with the project and attend executive update sessions? o Where they clear that the project could contribute to the competitive advantage of the firm? o Do they understand the risks and will they be willing to see the project through its rough times? o How much support does top management have among its peers, subordinates and their bosses? o Will they provide support when tough decisions have to be made? (Shore) When working on a global project having the support of senior management both at theRead MoreThe Ideals And Understanding Behind Management1132 Words   |  5 Pagesand understanding behind management has varied largely throughout recent years and new theories and strategies have been developed to help managers and organizations succeed. The ability to succeed for any business or organization relies heavily on the abilities of the manager. No managerial position is the same as there are a multitude of variances and the organization’s industry in which they conduct business is key. An example of a specific industry with immense managerial needs is the constructionRead MoreManagement for Built Environment964 Words   |  4 PagesSubject : MANAGEMENT FOR BUILT ENVIRONMENT ââ€" ª Course : B.SC (HONS) CONSTRUCTION MANAGEMENT ââ€" ª Subject Code : ECM3134 ââ€" ª Subject Status : Major ââ€" ª Semester : 1 ââ€" ª Assessment : 50%=Final Examination; 50%=Coursework Lecturer Details ââ€" ª Lecturer : Jeffrey Lee Sheu Tiong ââ€" ª HP/Tel : 019 2728655 ââ€" ª E-mail Address : jeffreylee@segi.edu.my Learning Material Main Text : G Cole, â€Å"Management Theory and Practice†Read MoreWeek 10 Amba 640970 Words   |  4 PagesAMBA 640 Executive Summary – This paper emphasizes the importance of Project Management, Operations Management and Information Systems Management at work place. It gives brief problems from my work place – Verizon Federal Network System. All three management are important to the company and it represents company indirectly. Managerial Problems – Managing people is not easy, because everyone is an individual personality and everyone has their own opinion. Everyday people face differentRead MorePlanning At Different Levels, Project Planning, And The Drawbacks Of Poor Strategic Planning1268 Words   |  6 Pages Planning Planning within an organization is essential as it is the first of five managerial functions. Simply put, planning includes what an organization should do and how to do it. Without planning a manager may not organize, staff, lead, or control the organization efficiently and effectively. Throughout this paper I would like to discuss strategic planning, planning at different levels, project planning, and the drawbacks of poor strategic planning. According to the textbook strategic planningRead MorePoor Management Outline Essay1247 Words   |  5 PagesPage 1 This capstone project will attempt to demonstrate how toxic managers and poor managerial decisions in general have lead to a very bad working environment. Through research over the Internet as well as the polling that has recently taken place in my workplace I will provide a foundation for my capstone project. This project involves a great deal of importance to both my personal and professional lives. The rationale behind my choice of this as my capstone project topic can be quite simplyRead MoreUnderstanding the Managerial Challenges of the Orion Shield Project1095 Words   |  4 Pagesï » ¿Understanding the Managerial Challenges of the Orion Shield Project: A Case Study Analysis There is an ancient Chinese proverb, A fish rots from the head. Nowhere is the wisdom of this phrase more evident than in the management of large projects or organizations. In the Orion Shield scenario provided, a variety of critical decisions made by a novice project manager jeopardized the success of the project and resulted in his demotion. The project consisted of producing materials to improve the

Money and its supply Free Essays

Increasing money in supply can lead to inflation where the general prices of goods and services rise dramatically. This erodes the purchasing power of a currency and the value of other monetary items. Moreover, this may create uncertainty among investors concerning future inflation and this reduces saving and investment. We will write a custom essay sample on Money and its supply or any similar topic only for you Order Now Lastly, inflation makes lending institutions to stop lending or charge high interest rates because of its declining value. Reducing money in circulation so as to curb inflation may lead to price decline of goods and services and consumers would horde out their money hoping that it will increase in value in the future. When consumers stop spending, movement of goods declines making businesses to make losses leading to unemployment. Borrowing becomes prohibitive since businesses are forced to spend more when servicing the debt. Government and stability of its currency The government can maintain a stable currency by ensuring that the monetary policy is effective and efficient. The exchange rate system should not be controlled and the movement of currency in and out f the country should not be restricted by the government. Both monetary and fiscal policies should be stable so as to ensure that the rate of inflation does fluctuate unnecessarily. This will insulate the legal tender from global economic shocks. The government can use fiscal policies by regulating spending and taxation to increase economic growth during low inflation and high unemployment, and lower it during low unemployment and high inflation (Hanke, 2003). Factors that would undermine a stable currency include regulation of the exchange rate of a currency or the movement of the currency in and out of the country. In addition, increasing money in circulation when economic growth is stagnant would lower the value of the currency and create inflation. Emerging economy and a wealthy country The law of comparative advantage argues that, nations can benefit from trade by engaging in trade even when one country lacks absolute advantage in producing goods being traded. For example, Mundania and Lalaland are two nations each producing both jackets and sandals. Mundania is efficient and produces 100 jackets and 140 sandal every hour compared to Lalaland who make 80 jackets and 60 sandals per hour. Mundania enjoys absolute advantage in production of both goods. Working 40hrs per week, both countries produce 180 x 40hrs = 7200 units of jackets and 200 x 40 = 8000 unit of sandals. However, if factor cost in production of jackets in mundania is more efficient compared to Lalaland, Mundania would concentrate solely in jacket production. The 40 hours spent in sandals production would enable production of 8000 jackets in Mundania per week. Moreover, Lalaland would concentrate on sandals production and increase production to 8000 per week. Jacket production not only remains stable but increases considerably because of specialization. Country ranking Kenya’s competitiveness has stagnated over the past year and several policies ought to be enacted to improve its performance. It has improved in its capacity to innovate through research and development and collaborating well the institutions of scientific research to those in business field. To enhance competitiveness, I would improve both the education sector and job training skills so as to increase the number of skilled workers. The country’s economy has reformed considerably with a considerable portion being sustained by the financial market due to increased access to loans and development of the stock market. This is in line with the findings of world Economic Forum (2009-2010) This sector needs more support through reduction of bureaucracies and enhancing transparency. Moreover, public institutions have been known to be inefficient as a result of corruption and this need to be addressed urgently. Anti-corruption agency should be established and given power to prosecute corrupt officials. I would also uplift the living standard of people by ensuring the health facilities are accessible to all and increase housing sector by seeking international aid to construct affordable houses especially in urban areas to avoid growth of shanties and overcrowding. How to cite Money and its supply, Papers

Comparing Vietnam and Afghanistan free essay sample

A look at political issues and similarities between Afghanistan and Vietnam. This is a paper comparing the political upheavals in Vietnam with those in Afghanstan, how the two countries got involved, and how this effected current events in Asia. The author looks at various regional tensions and how these have impacted the creation of enemies. Views are displayed from the Soviet, American, North and South Vietnamese and Afghan perspectives. The United States and the Soviet Union had been enemies for the majority of the duration of the twentieth century. They represented the two political poles, divided by the Iron Curtain, with all other countries spread on either side of it. They had gone through a space race and an arms build up, which produced the creation of weapons of mass destruction, able to completely eradicate life on earth. A few time during the twentieth century humanity had witnessed near global catastrophes. We will write a custom essay sample on Comparing Vietnam and Afghanistan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page But the climax of the bloodiest age in human history occurred in the mirrored regional conflicts that changed the world and brought a peaceful coexistence between former rivals.