Project Management Introduction - 4854 Words

PROJECT MANAGEMENT What is a Project? According to the Project Management Institute (PMI) , a project is any work that happens only once, has a clear beginning and end, and is intended to create a unique product or knowledge. It may involve only one person, or thousands. It may last several days, or many years. It may be undertaken by a single organization, or by an alliance of several stakeholders. A project may be as simple as organizing a one-day event or as complex as constructing a dam on a river. What is Project Management? Project management is a carefully planned and organized effort to accomplish a specific (and usually) one-time objective, for example, construct a building or implement a major new computer system.†¦show more content†¦This is important because you will need the support of people from different organizations, and you will not have direct authority over them. ________________________________________ Characteristics of a project plan To provide the maximum benefits, your project plan should be relevant, understandable and complete, and reflect the size and complexity of your unique project. Your project plan should include the following elements: 1. A project charter 2. A calendar of activities 3. A time schedule 4. A responsibility matrix 5. A project plan budget 6. Major milestones with target dates 7. A risk management strategy The project manager, sponsor, every partner, and all key project staff should have a copy of the project plan. It is a valuable tool that can help to avoid confusion about the project’s scope and misunderstandings about responsibilities, timeframes or resource management. 1 - The Project Charter The Project Charter is a document that demonstrates management support for the project, authorizes the project manager to lead the project and allocate resources as required. It is very easy to create a project charter. It simply states the name and purpose of the project, the project manager’s name and a statement of support by management. It is signed by senior management of the responsible organization and the partner organizations. The project charter should be distributed widely - to anyone with an interest in the project.Show MoreRelatedIntroduction And Background Of A Project Management1802 Words   |  8 PagesIntroduction Background Temporary organizations created for the sole purpose of delivering one or more business products according to an agreed upon business case are known as projects (Project Management Institute, 2013). Projects have likely existed as long as humans have been capable of basic thought; a hunting party for example could be considered a project. The party contains a group of hunters that engage in a temporary activity of hunting with the agreed upon purpose of capturing and returningRead MoreIntroduction. Project Management Is The Discipline Of Initiating,1617 Words   |  7 PagesIntroduction Project management is the discipline of initiating, planning, executing, controlling, and closing the work done by a team to complete specific goals and meet specific success criteria. By definition, a project is a temporary work service with a defined start and end which will produce a unique product or service to bring valuable changes. Most of the time, projects are provided with limited resources in the form of time and/or funding. The nature of projects is opposed to the operationsRead MoreIntroduction. Project Management Involves Starting, Planning,1317 Words   |  6 Pages Introduction Project management involves starting, planning, acting, control and the closure of a team’s work so as to achieve specific set objectives. A project is defined as a temporary endeavour which is formulated to give birth to a unique product, service or a result which had fore-shadowed beginning and end. It is usually taken to meet specific goals and objectives which bring out added advantage (Dunne and Dunne, 2011). Financial factors During project the running of a project there are manyRead MoreINTRODUCTION Project Management is a concept of making the project successful through knowledge,1300 Words   |  6 PagesINTRODUCTION Project Management is a concept of making the project successful through knowledge, processes, methods and experience. Every project is unique since it needs the same mythology of the methods but the circumstances are always different. The success rate of a project can be derived from the output it produces, outcomes or benefits, according to a criteria within agreed budget and timescale. Figure 1 Time Cost Quality Model The project management is a skill to apply the functions correctlyRead MoreMANAGEMENT SUMMARY: RAPIDDEL INTEGRATION PROJECT INTRODUCTION Four organizations’ dealing with1200 Words   |  5 Pages MANAGEMENT SUMMARY: RAPIDDEL INTEGRATION PROJECT INTRODUCTION Four organizations’ dealing with parcel delivery are deciding on taking chances to merge their systems into one harmonized working platform to enable them serve customers anywhere in the world. The organizations are namely the p-deutsche, rapid express carrier rapid Del, European express company securitel, international freight forwarding and transport specialist Dante. The stakeholders have gone into agreement to amalgamate the activitiesRead MoreIntroduction to Project Management- Phase 1 Individual Project815 Words   |  4 Pages 1 MGM210-1204A-14 Introduction to Project Management Instructor: Alexius Emejom Phase 1 Individual Project Joshua Stephens Todays Date: 10/11/2012 Assignment Due: 10/15/2012 DESIGNER CLOTHING STORE OPENING 2 The Project For my business, I decided to open up an up-scale designer clothing store. In the cityRead MoreHomework 3 Introduction to Project Management938 Words   |  4 Pages92 (2) Let be the number of grade 9 oranges O.J. uses for bags, be the number of grade 9 oranges O.J. uses for juice, be the number of grade 6 oranges O.J. uses for bags, and be the number of grade 6 oranges O.J. uses for juice. The objective is to maximize the profit. For juice, the profit will be ($1.50$1.05)*( + ), and for bags, the profit will be ($0.50-$0.20)*( + ). Thus, the total profit will be . The objective function is: Maximize The constraints are: Constraint 1: The total number of gradeRead MoreIntroduction. In Project Management Several Models Exist1587 Words   |  7 PagesIntroduction In project management several models exist which suggest the measurement of success of the project but still an accurate completed model has yet to be created for a successful project from start to finish. Until a perfect model is developed then Agile model is more favorable to use because it delivers a more accurate timeline of deliverables and customer satisfaction. Agile is most commonly used by information technology gurus to assist in developing software today, but before AgileRead Moreâ€Å"Agile† Introduction. Agile movement gives alternatives to the normal way of project management.700 Words   |  3 Pagesâ€Å"Agile† Introduction. Agile movement gives alternatives to the normal way of project management. The Agile way is usually used in software development to assist businesses to react to the unpredictability. Project directions are assessed by the agile methodology throughout the creating and the lifecycle. In an Agile paradigm requirements is checked in the lifecycle regularly. The project can then be inspected and adapt every few weeks when needed. This inspect and adapt movement reduces the developmentRead MoreSample Resume : Mavericks Scheduling Service Essay1038 Words   |  5 PagesDate: 09/12/2016 Inception Report For CSE - 4322 - 002 Project: Mavericks Scheduling Service UT-Arlington Project Manager: Narayan Rimal Table of Content I. INTRODUCTION A. Background and Context B. Project Summary C. Management D. Competitors and features E. Risk Management II. OVERVIEW A. Organization of work B. Introduction- general description and milestones C. Work planning and timetable D. Deliverables III. CONSORTIUM AND RESOURCES A. Consortium B. Financial resources