Project Management Concepts - Coursework Example

Comments (1) Cite this document
The present study has been conducted in lieu to analyze the critical factor related to the successful execution of a project. Project management can be defined as the application of various knowledge, skills, tools, techniques with the aim to achieve the desired project objective…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
Project Management Concepts
Read TextPreview

Extract of sample "Project Management Concepts"

Download file to see previous pages The present study has been conducted in lieu to analyze the critical factor related to the successful execution of a project. The present study consists of two divisions; the first part consists of various stages of a project life cycle while the second part of the study deals with the preparation of a project plan for KFC Hale (Kousholt, 2007, p. 121) Task-1 Project life cycle brief Before getting in to explaining the case of project life cycle through practical example it is important to provide a brief overview of a project life cycle. A project life consists of four different stages namely initiation, planning, execution and evaluation. The initiation phase begins with defining the scope and purpose of the project. The first step of the planning phase is creation of the detailed project plan. The execution phase of the project includes the explanation of the deliverables by the project manager. It also includes the monitoring and control of the project delivery. The project evaluation or implementation phase is carried out in order to determine the overall success of the project (Biswas, 2011, p. 105). Example The XYZ manufacturing company LTD is a small and medium scale computer manufactures. The company is looking to achieve process efficiency by reducing product delivery time and inventory costs. The company has hired a project consultant to provide guidance for the project throughout the life cycle of the project. Initiation This phase involves defining the purpose and the scope of the project. In this particular case the main goals of the project is to provide improved system and controlling the inventory as well as reduce the product delivery systems. The project would look to provide a modularized, flexible bill of material system to reduce the support cost. The objectives of the project would be to achieve inventory cost reduction of 25% of the display, improve average days to deliver the displays from eight to three days and server delivery to ten to five days (Kloppenborg, 2011, p.345) Planning The planning phase would involve the creation of a set of planning documents. The main objective of the phase is to create a project plan to identify the work breakdown structure or WBS of the key activities needed to complete the project. Project ID Deliverable Due Date Display Division goes live Complete inventory module Complete Bill of material module Complete order entry module Finalize testing and training 05/01/13 08/04/13 11/09/13 05/01/14 Server Division Live Complete inventory module Complete Bill of material module Complete order entry module Finalize testing and training 01/06/13 02/07/13 03/09/13 05/01/13 The planning phase would also require human resource planning as well as financial planning. The brief overview has been given blow: Execution Phase During the execution phase the project deliverables are physically built and presented for the acceptance of the client Activity Description Ownership Identification In the beginning of the project the major risks would be documented for the purpose of tracking. Specific management team is responsible for developing key project management strategies to establish the possible risks.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Project Management Concepts Coursework Example | Topics and Well Written Essays - 1500 words”, n.d.)
Project Management Concepts Coursework Example | Topics and Well Written Essays - 1500 words. Retrieved from
(Project Management Concepts Coursework Example | Topics and Well Written Essays - 1500 Words)
Project Management Concepts Coursework Example | Topics and Well Written Essays - 1500 Words.
“Project Management Concepts Coursework Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
jerrod58 added comment 15 days ago
Student rated this paper as
The topic of "Project Management Concepts" was impossible to find. I spent hours to find it. Here at StudentShare, I got the most decent example. Many thanks!

CHECK THESE SAMPLES OF Project Management Concepts

Management Concepts

...that the kitchen personnel are not trained to deal with many orders simultaneously as evident from the case study. It takes more then the usual time in peak hours to prepare children lunch boxes. Staffing issues: Hogsmeadow Garden Center also has staffing issues. As stated by Don Dursley, finding the right person for the right job at times becomes a complex task to deal with. Though they have responded to their staffing needs by hiring permanent, part time employees and casual employees, who work according to the work load in the center, but still the manager believes that there is a lot of room for improvement to respond effectively to fluctuation in business. The allocation of staff members for the varied task can be...
8 Pages(2000 words)Essay

Management concepts

...analysis and marketing information. Concept Design Services took a small idea and translated it into a great company growth experience. In some ways, they literally “stumbled” into a ready-made market for consumer plastics. They did not utilize any market studies, or projected growth patterns in the plastics industry; they just took what was going well for them and looked for ways to expand their market. In spite of their unpreparedness, they made a financial success of the new start for their company. If their income has increased exponentially with the non-planning event of their new line, imagine the financial success it would be with careful organizational management and planning....
8 Pages(2000 words)Essay

Management concepts

...?Management Concepts Table of Contents Management Concepts Table of Contents 2 Define Bureaucratic Structures and Contrast with One Other Form of Organisational Structure 3 Identify and Discuss Ways in Which Bureaucratic Structures and Role Cultures Might Help or Hinder the Management Process 6 Conclude With an Assessment of the Overall Appropriateness of Bureaucratic Structures and Roles Cultures for Organisations 8 References 9 Bibliography 12 Define Bureaucratic Structures and Contrast with One Other Form of Organisational Structure An organisational structure is an idea of hierarchy and organised system which considerately works toward accomplishment...
4 Pages(1000 words)Essay

Ethical concepts management

...Ethical concepts management My is Teddy Martins a of Marylyn high school, Texas in California, USA. I am interested in advanced study of management skills for a successful organizational administration career in future. To find out the important management concepts, I carried out an oral interview from a manager to develop an insight into the critical aspects of corporate managerial assignments. This is a report of the oral interview of Mr. Olivia Akani, the founder and chief executive officer of Customs mobile catering company. This interview was undertaken on 5th November 2013 in the office of this Iconic entrepreneur who opened a...
7 Pages(1750 words)Case Study

Project Portfolio Management Concepts

...planning, data management and capacity determination. Additionally, the article explains the pattern options of SAP with a special attention leaned towards the project structure, resource management, documentation, evaluation and project alerts. Concepts 1. Mission/Vision: The article endeavors to explore how to carry out a Project Portfolio Management using SAP. 2. Objectives a. Hierarchy of homogenous clusters b. Limited to about seven plus or minus two in each cluster The activities of the PPM shall be categorized in to the following Hierarchy of homogeneous clusters: i. The Portfolio Management – To...
4 Pages(1000 words)Research Paper

Marketing Management Concepts

...Marketing Management Concepts Introduction. People's Bank is an online banking system headquartered in Connecticut. This particular bank is remarkable as it had utilized the most advanced technologies to offer service to its target market. Online banking is particularly geared towards individuals, business entities, and prospects. The bank currently offers a wide array of banking services like online banking, online trading, and trust online services. From opening and maintaining a savings and checking accounts, payments of bills, trading of stocks and other investment tools, People's bank offers online support and services to its customer (People's Bank 2005). Alternative Management...
2 Pages(500 words)Essay

Concepts of Operations Project

...Running head: DEVELOPING AN INFORMATION SYSTEM SECURITY INCIDENT "CONCEPT OF OPERATIONS" Concepts of Operations Project Name University Concepts of Operations Project Information and information systems happen to be essential assets of high value to B Concept Company. For this case, they should be protected the same way valuable assets of the company are protected against threat such as damage or loss, disclosure whether it's deliberate or accidental. (Kovacich, 2003) Security of the system that is used to collect, process, and store and communicate together with the persons making the use of these systems determines the security of the...
4 Pages(1000 words)Essay

Management Concepts

...Dynamic Rock Management concepts Contents Executive summary ………………………………3 Introduction 3 Aims and objectives 3 Limitations of the report 4 Methodology 4 Findings and discussion 5 SWOT Analysis Porters’ five forces Ansoff’s Analysis Leadership styles Conclusion and recommendation 7 Appendix 9 References Executive...
7 Pages(1750 words)Essay

Business Management concepts

...Business management concepts 2. For computer repair services to increase its number of repairs per day, I would recommend the manager to try scheduling as well as balancing techniques. This is because scheduling and balancing issues remain to be very important for a better use in the present world as they present numerous benefits both to the corporates as well as to workers. Scheduling offers a good number of benefits worth enjoying by both the corporate holders as well as workers. For instance, it reduces latency and memory requirements besides deadlock avoidance (Keinert & Teich 2011). This guarantees high returns for the corporate or organization because there is no manual work force...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Project Management Concepts for FREE!

Contact Us