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Project Management Essay

… Project Management

A project is a temporary group activity that is designed to produce a unique result, service, or product. It is temporary since it has defined end and a beginning and has defined resources and scope. Project management is the process of controlling resources, planning, motivating, organization, protocols, and procedures to achieve the desired goals in daily organizational activities. It is meant to bring about benefit or beneficial change. The temporary nature of projects contrasts with other business operations, which are semi-permanent, repetitive and permanent functional activities to produce services and products (Dinsmore, 2005). This essay endeavors to expound on projects and the benefits of project management as presented from the book (Gray, & Larson, 2011).

Chapter 1 summary

From this chapter, it is…. [read more]


Project Management Involved Formation Research Paper

… It is essential to realize that a mega project such as A380 t requires extensive risk management analysis, which include risk identification and risk management plan before the project implementation. The delay led to another shift in project delivery schedule. The company announced that project delay was attributed to aircraft wiring problems. (Robertson 2006, Clark 2006).

Communication problem was another factors leading to A380 crisis. The management did not formerly communicate the problems to appropriate stakeholders on time. It was already too late before the management actually communicated the problem to the appropriate stakeholders. Realistically, the Airbus did not have experienced in building a complex aircraft such as A380. Thus, the company did not integrate effective risk and time management in the project life cycle.…. [read more]


Project Management Practices of the Navy Marine Intranet Case Study

… Project Management Practices of the Navy Marine Intranet Project

Phase II Deliverable

The Navy-Marine Corps Intranet (NMCI) initially included the strategic vision of unifying enterprise voice, video and data integration across U.S. Navy and Marine bases throughout North America. This initiative was launched in October, 2000 with funding from the U.S. Department of Defense and the U.S. Navy Information technologies budgets (VARBusiness, 2004). Electronic Data Systems (EDS) was chosen as the prime contractor with the goal of having the entire Intranet fully operational within two years, or by 2002, complete with application consolidation and drastic reductions in the total number of systems as well. Far more critical was the lack of coordination around change management and resulting massive resistance to the initiative, where those areas…. [read more]


Management Organizational Structure Essay

… This form of organizational structure can be observed in various departmentalization discussed in this paper. Brews and Tucci (2004) explains that the strategic business units can be created basing on geographical lines or product lines. In the figure 4, the strategic business unit is based on geographical area.

Conclusion

Organizational structure as explained by Brews and Tucci (2004) is the way the organization is organized according to leadership of the organization. There are several factors that determine the structure of the organization; they include size, industry and objective of the organization. Accordingly, there are several organizational structures that can be formed. They include divisional organizational structure, which have several departmentalizations, which allows the organization to be divided in small management units depending on their functions…. [read more]


Project Management and the Transformation Research Paper

… Phillips (2004) asserted that project managers along with the team members come up to the planning processes as many times as they feel a need during the project. Considering the need to continuously modify the planning, experts in project management field recommend that it is the best approach to adopt a continuous planning; this approach has been named as 'progressive elaboration' (Gido & Clements, 2006; Kerzner, 2006a, 2006b; Phillips, 2004; PMI, 2004) in anticipation of the planning baseline has been produced

While going through the planning phase, the project managers and their team members hold meetings, till the time when project is effectual so as to efficiently plan their execution of the project. The activities that take place during planning are, "preparation of the scope,…. [read more]


Portfolio Management Term Paper

… " Tools utilized by AAA Northern California included: (1) A Guide to the Project Management Body of Knowledge; and (2) PMI's Project Management Professional credential. The foundation of AAA Northern California portfolio management was based on the following: (1) program and project alignment with the strategic goals of the organization; (2) the enterprise's operational capacity to deliver on the projects and programs proposed; (3) the impact of change and the organization's ability to absorb the results of successful execution of the programs and project; and (4) making sure the organization realizes the promised benefits to the organization of strategic investments. Coordination of available resources resulted in the ability to make the determination of projects that were higher in priority and return and to allocate the…. [read more]


Project Management Although Desirable Term Paper

… If the change in the project budget needs to be quite high and if that project is only in the beginning phases, then we can easier drop it from the portfolio than if it were in its final stages.

The second thing that needs to be considered is how much extra budget the project needs and whether this can be covered from the company's resources. Of course, the question of whether a budget may be supplemented or not will always refer to the beginning of the process, to the selection phase, and will check out the relevance of the project for the company, in terms of strategic objectives, as well as its relation to other projects (here I am referring to the fact that some…. [read more]


Portfolio Management Software for E-Government and How to Secure the Connection Capstone Project

… ¶ … initiatives require bold solutions, and the Abu Dhabi Plan for 2030 represents an excellent opportunity to provide timely and cost-effective solutions that will help achieve the visionary goals of the Government's leadership, past and present. The Plan requires the Urban Planning Council to oversee the management of the Plan and ensure it remains on schedule and on budget. Beyond these fundamental needs, a number of other priorities have been incorporated into the overall Plan, making project management a particularly challenging enterprise. Moreover, because of the sensitivity of the performance data that is involved, it is vitally important that collaboration between affected stakeholders remains secure. Conventional approaches such as telephonic, postal or emailed exchanges are all vulnerable to delay and misinterpretation at best and…. [read more]


Using Fuzzy Logic for Scheduling Multiple Chapters

… 315). Even when executives make the effort to plan their projects carefully, they may overlook the most important ones in their attempt to organize all of the enterprise's projects in a cohesive fashion. In this regard, Dinsmore and Cabanis-Brown point out that, "Most executives are aware of the need for drastic change in multiproject management practices, but many place the emphasis in the wrong place. Unfortunately, a great deal of such investment is misdirected into multiyear efforts to implement software tools and time sheets before dealing with the highest leverage points" (2011, p. 315).

There are three discrete roles that organizations must formally define in order to develop an effective project portfolio management system as follows:

1. Governance: This executive role is one of decision…. [read more]


Information Technology (IT) Portfolio Management Systems Term Paper

… It Portfolio Management Systems

Portfolio management in it is a system that enables organizations evaluate technology systems available at a point of time or planned for the future and leverage them for improvement in performance. There are different portfolio systems - the application portfolio management, which deals with current it resources and project portfolio management, covering proposed it investments. The it portfolio management market is still in its early days and estimated to be worth U.S.$15 million today. Since the concept is catching the fancy of information technology specialists, it is projected that the portfolio management tools market will expand rapidly. Forrester Research claims that the market will grow to over U.S.$400 million by 2008, while a few others such as the Meta Group are…. [read more]


Portfolio Management Involves Managing Several Projects Essay

… ¶ … portfolio management involves managing several projects each with an aim of maximizing the profits for the organization as you keep the expenditure to the possible minimums. Many organizations have discovered the pros of managing their projects in relation to other departments of the organization instead of treating each project as an isolated unit. There is a growing interdependence of projects in many organizations and the treatment of project-by-project where the Net Profit Value (NPV) was looked into before picking out one project to pursue is dying out.

While the previous method considered the projects to be independent of each other and that the projects had not tight relationship or common factors with the other activities of the organization, the current trend assumes that…. [read more]


Portfolio Management the Current Business Research Paper

… This will guide the company to attain competitive advantage over the competitors who also have the same product line of aircraft maintenance and repair.

Secondly, the company also used to have an effective advertising strategy using its website. This section remains a successful plan in the market place. Therefore, I propose a project of aggressive re-advertising and exploration for the website project usage to keep the company top in the market. Additionally, the website product is also useful for the SBU as it will showcase the portfolio project proposed.

In the third category of the project that had initial success, I propose to support the project initiated to expand the airport stations. The project failed due to financial constrains. However, with the strategic business unit…. [read more]


Integrating Total Quality Environmental Management Term Paper

… Environmental management includes recycling and remanufacturing of parts and products (Anthony, 2002). Disassembly and recycling of reusable parts help the cause of environment protection, reduces the cost of usage of a fresh component, and avoids disposal costs. Material Resource Planning (MRP), an assembly-oriented scheduling system, does not support the process of disassembly. Uncertainty of quality, quantity and timing of recovery of reusable parts makes production planning difficult. To incorporate product recovery planning in MRP, use of reverse bill of material for every retrieved component or product is recommended. Concepts used in planning probabilistic demands for end items are used in structuring the bill of material.

Closed loop system is a widely used environment practice by many companies. This system requires new material only on non-receipt…. [read more]


Project Management Term Paper

… According to its corporate profile, Keppel Offshore & Marine, integrating the experience and expertise of Keppel FELS, Keppel Shipyard, Keppel Singmarine and Keppel yards overseas, was established in 2002 (About Us 2004). Keppel Shipyard Benoi is a wholly-owned subsidiary of Keppel Corporation, one of the largest offshore and marine groups in the world. The company enjoys a strategic network of 16 yards serving regions including Asia Pacific, Gulf of Mexico, Brazil, Caspian Sea, Middle East and the North Sea (About Us 2004). The Keppel Shipyard (Benoi) specifications are set forth in the table below.

Yard Size

350,000 sq m

Berthage

1,163 m

Drydocks

No. 1 drydock

300,000 dwt

350m x 60m

No. 2 drydock

170,000 dwt

300m x 60m

Mooring Quay

No. 1 quay

Length…. [read more]


Budgeting Management Was Most Helpful Term Paper

… Most writing concepts introduced in the course were not new to me, although applying those concepts, within the particular context of materials at hand, was new. One important writing concept I was able to apply within these essays was synthesis. In my third essay, the final two sentences, I believe, synthesize my argument: "You cannot have a successful planning or organizing within a company without correlating these with the budgeting function, in order to obtain the realistic backup of any project.

Budgeting and planning go, in this sense, hand in hand, and you cannot really have one without the other in the company."

One other process that helped me a great deal (although at the time, I did not particularly care for it), was writing…. [read more]


Change Management and Organizational Transformation Thesis

… Change Management & Organizational Transformation

CHANGE Management and ORGANIZATIONAL TRANSFORMATION

The objective of this work is to examine changes in organizations, management and how management and technology are more frequently becoming factors for consideration. This work will select a company and analyze the status of organizational transformation and change management, and identify key organizational transformation and change management issues currently facing the organization, providing recommendations as to how the company should address these change management issues. Selected for the purpose of this study are Federal U.S. Agencies and the Organizational Transformation initiative reported by the Government Accounting Office and specifically relating to the implementation of Chief Operating Officer/Chief Management Officer Positions in Federal Agencies.

INTRODUCTION

It was reported in 2007 in the report GAO-08-34, a…. [read more]


Managing Change in the Workplace Essay

… This is because change comes with good things for the organization.it is therefore very important to know how to manage the changes so as to realize the full benefits that come with the change. Therefore I can see that the author has tried to give us pointers on how to manage change within an organization.

How the concept in the article applies to your organization. The first thing that author highlights is the need to understand that for there to be growth there has to be change. With this understanding then people will be aware of the importance of change and hence embrace it. If the employees are made to understand that the change will make them grow bot on an individual and organization level…. [read more]


Stuarata Inc. Description the Project Essay

… The MHE software makes an automatic decision where each pod will be moved and stored within the Kiva floor plan. (MWPVL International Inc., 2013, paraphrased)

Not all pods receive equal treatment in that the frequency of 'hits', which are reported as "associated to the SKUs store within a pod plays an important role in the determination of where the pod is stored in terms of the plan." (MWPVL International Inc., 2013) The pods with higher velocity are located nearest to the picking work stations to ensure the time for transit is reduced between the work stations .In addition, the hyper-fast items must be intentionally spread across multiple pods so that they are concurrently available to multiple work stations. The location of the Kiva robots are…. [read more]


Project Writeup for a Operations Management Excel Decision Tree Model Research Proposal

… ¶ … HTEK Solutions Inc. is a research and development firm that specializes in navigation products and aerial survey equipment. The company has operations in several locations around the country. The Hawaii division is in charge of the development of the QNAV. This research and development is carried out in Hawaii because of the strong Geomatics department at the University of Hawaii. The Hawaii group consists of five engineers, each of whom plays an important role in the design of the QNAV product.

QNAV combines GPS and IMU data to form an inertially-aided navigation system, used primarily with aerial digital and LIDAR cameras. The data collected from the QNAV 20 is used to stabilize the camera/laser system in real time and aids in rectifying the…. [read more]


Sector or Industry Essay

… Laws may have been aligned, but it can take far longer to align hearts and minds.

This is why astute management is so essential: good managers are capable of anticipating problems before the issues arise, regarding intercultural differences. A manager does not need to be fluent in every language, but he or she should be fluent in the culture of the people with whom he is dealing. A good manager also knows how to motivate others. To me, the definition of motivation is making employees want to do something, versus simply issuing orders. A manger must manage, not act as a drill sergeant and know how to use a variety of communication strategies in all mediums (email as well as face-to-face) to achieve his objectives.…. [read more]


Project Risk Management in R&D Organizations Research Proposal

… One of the key facts pointed in literature is that allowing risk sharing and reducing risk aversion strengthens the process of project procurement. Risk management in procurement has been identified to be among the key focus zones of modern procurement management practices.

For a project development to succeed, the risk management strategies should be put in place. It must be appreciated that risk management reduces costs. For instance, in construction projects, private customers pay more than public ones depending on the risk management strategies. Overall, it indicates that the supplier assumes the risks that determine the price imposed on them by the procurer.

Procurement Risk Management

Most organizations regardless of their maturity, size or industry have key concerns regarding the management of…. [read more]


Crisis Management and Public Relations Case Study

… The fans were also watching the singer's performance, and they expressed great shock. This was evident on social media. Irish singer Sinead wrote published letter to Miley Cyrus on the same. In the letter, Sinead expressed concern for Miley, suggesting that the young singer had allowed herself to be nude in public. The letter states that, although Miley perceives her actions as cool, she will experience harm in the end because she has allowed "people" to take advantage of her. The letter urges the singer to be in control, and avoid the manipulation, to act or perform naked. Although Miley performed provocatively, the real beneficiaries are the people behind the scenes. In addition, her performance continues to tie women as toys for men to use…. [read more]


Incorporating Knowledge Management in Organization Essay

… ¶ … open economy' a 'closed economy', discuss potential economic advantages economic disadvantages a country open economy.

Incorporating knowledge management at the Army National Guard G6

The military institutions have always represented the backbone of a country's security and safety system. Within the United States, they are part of the national symbols and the trusted organizations of the entire population. The scope of the military institutions is that of ensuring safety of the people and peace within the country.

In rapidly changing times however, the means in which the military institutions come to complete their roles and functions change and they become more demanding. In the specific case of the Army National Guard, more and more emphasis is being placed on the organization's ability to…. [read more]


Management Rationale Research Paper

… To inform the decision makers in non-government or government firms, regarding the importance of priority setting, strategic planning, and process or product design/redesign.

To select the concerning indicators of the environmental performances which also include techniques of measurement.

To market things like implementation on the eco-labelling scheme, environmental claim or the declaration of the environmental product.

LCA, thus, is a tool which helps to improve the efficiency of resources. The organizations and stake-holders are able to recognise the "hotspots" in the supply-chain in terms of opportunities and potential risks. In broader vision, LCA ensures the implementation of the improvements as it will affect the life-cycle thus preventing the burden of other impacts of environment or stages. The design for sustainability and eco-design has the LCA-centred…. [read more]


Risk Management in Hedge Funds Dissertation

… To become shrewd to reach total reappearance of the location instructions of hedge funds which are less controlled than those of mutual funds. Ever since hedge funds are less controlled likened to mutual funds, this stresses that the hedge fund directors own superior info that about the marketplace and the obtainable advantage lessons than the even fund directors (Cottier, 2000). Because of the assignments instructions being freer, the hedge funds will be more reliant on a liquid market, where both buyers and sellars that are ready to purchase and sell at fair market value (Ineichen,2003).

Figure 2: Kinds of investment vehicles are investors looking at.

The hedge fund business began to rise in sometime around the mid-sixties when Fortune magazine tinted this new financial vehicle…. [read more]


Sociology Portfolio the Social Experience Essay

… S.'s credibility as the "global economic kingpin," as international financial institution, International Monetary Fund, has called for questioning the soundness of the foundation of America's financial system. As the government scrambled for solutions to keep the economy afloat, American society struggled with sudden fluidity of socioeconomic mobility, as individuals slipped from a higher income class to a much lower class. As this crisis accelerated and its effects felt both in the developed and developing world, refusal of the American people particularly those who are in the position to instigate systemic changes has further driven American society from the world's most affluent nation to one that is enslaved by materialism that continues to pervade the U.S.

Nehru, V. (2004). "Third World debt relief: indebtedness just a…. [read more]


Investment Portfolio All Equity Investing Is Risky Research Proposal

… Investment Portfolio

All equity investing is risky, by simple virtue of the fact that companies can and do go bankrupt, wiping out their equity and taking share values down to zero. Even without bankruptcy, stocks can fall in value and remain at low levels, representing a loss to the shareholders. Risk is typically measured against key stock market indices, such as the Dow 30 or the S&P 500. Modern portfolio theory holds that by building a diversified portfolio, much of the firm-specific risk can be eliminated. Total market risk remains, but in theory the fluctuations of one firm or industry are offset by movements in the opposite direction of other stocks within the portfolio (McClure, 2011).

A diversified portfolio can be obtained using a relatively…. [read more]


Management History- Case Management Society of America Annotated Bibliography

… ¶ … Management History- Case Management Society of America, (2010). "Definitions of and History of Case Management in Health Care Settings." Cited in: http://www.cmsa.org/Default.aspx?tabid=104

Medical case management is part of the managed care technique within the American health care system. It is collaborative, and included planning, advocacy, and facilitation for particular clients through the case manager's network of resources. At its best it is multidisciplinary and cross functional, able to monitor and offer appropriate services and care to clients who are in need. At worst, it can be a difficult set of bureaucratic hurdles in which often the "squeaky" wheel is top of mind for care. The key for case management, however, is collaborative. In the United States, a CCM (Certified Case Manager) credential is…. [read more]


Emergency Management Disasters Are Political Essay

… President Bush during his administration ascertained that grave disasters call for substantial federal influence and powerful role of the armed forces. President Bush viewed a top-down system compared to bottom-up perspective as a perfect strategy in disaster management.

The response of the government during Hurricane Katrina was dysfunctional and disorganized. The government had restructured FEMA reaction's response abilities in the aftermath of 9/11 attacks and this led to the breakdown of the whole response system. FEMA did not implement effectively the NRP (National Response Plan). After declaration of the disaster by the president, decisions to make NRP to seek the services of civilian and military resources of the Federal government to help the local and state agencies did not come in time (Palser, 2007). .…. [read more]


Strategic Management the Business Level Term Paper

… Strategic Management

The business level or business unit strategy is mid-level between corporate strategy, dealing with general directions the company needs to evolve towards, and operational strategy. As such, it can be defined as dealing with "how a business competes successfully in a particular market."

In the case of DELL Computers, fulfilling its goal of being number one in the sector, the business level strategy would comprise everything from studying the consumer profile, diversifying the portfolio of products in order to bets match the profile, taking strategic decisions about gaining an advantage over the competitors, modifying the technology, etc.

Entrepreneurial leadership refers to "instilling the confidence to think, behave and act with entrepreneurship in the interests of fully realizing the intended purpose of the organization…. [read more]

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