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Project Management Defined According to A Guide to the Project Management Body of Knowledge, a project is "a temporary endeavor undertaken to create a unique product, service, or result.
The bringing together of skilled resources to create something new or different using effective management processes is the cornerstone of project management. A project manager should be able to identify project requirements, address the various needs, concerns, and expectations of the stakeholders as the project is planned and carried out, and also to balance the competing project constraints in terms of project scope, quality, schedule, budget, resources and risk.
In this unit, you will be given a foundation in project management through explorations of the history of the discipline, as well as a discussion of the contemporary frameworks used by organizations today. Completing this unit should take you approximately 27 hours. Project Life Cycle Every project has a life cycle, or a series of milestones and accomplishments that must be met throughout the project.
The first stage of the project management life cycle PML is initiation. The project manager is identified and the team is assembled.
In this stage, some organizations draft a mission statement just for the project. The next phase is the planning phase. During this second phase, tasks are assigned and details are provided to describe each task. Project deliverables are also identified.
In phase three, prototypes are developed, the project is tested, quality is reviewed, and production is initiated. This is called the execution phase. It is also referred to as the control or implementation phase.
The last phase of a project is closure. Reviews are held when the project is complete. During this last phase, one has the opportunity to review lessons learned and to archive data and records.
Customer feedback is sought regarding the life cycle and delivery of the system. In this unit, you will learn that projects should follow a systematic approach with a defined beginning and ending. Completing this unit should take you approximately 24 hours. Organizational Design Many businesses have struggled with organizing projects under a separate organizational system than their ongoing operations.
Upon the chartering of a project, organizations must determine how their project will be implemented. In many cases, traditional organization designs fall short of providing the type of structure needed for successful project implementation.
There are various project management systems that provide the proper framework for implementing project activities within organizations. This unit will discuss how project managers can balance the needs of both the overall organization and the project by utilizing effective design techniques.
Completing this unit should take you approximately 22 hours. Project Initiation and Planning Project initiation is the most critical phase in the project life cycle, as it is the first phase of the overall initiative.Know the difference between design goals, requirements and specifications Link tools to Product Development Process for more efficient use of engineering resources Create a Product Quality Plan for Program and Project Management.
Project Report - Free download as PDF File .pdf), Text File .txt) or read online for free. A well-designed feasibility study should provide a historical background of the business or project, a description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations.
The outline and the content of DPR is the same as the techno-economic feasibility report. All the vital aspects of location and site costs, process/technology, market demand, plant capacity, product revenue, production costs, profitability, economic benefits, etc. must be covered in much greater detail in the DPR.
Feasibility report of business plan: This Feasibility report is about an idea that is “stage apartments”. When somebody is selling an apartment or a home, then my team will be bringing stuff in and make it look as beautiful as it can.
Clients at the Chicagoland Chamber SBDC complete a feasibility or action item checklist that asks a series of questions to determine their knowledge of financial statements, the business they’re pursuing and their knowledge of that industry.
“It talks about the differences between a hobby, a talent and a passion and turning that into a.