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.

Management on The Case of/on Risks - Essay Example

Comments (0) Cite this document
Summary
The Case of/on Risks Table of Contents Executive Summary 3 Introduction 4 Discussion 5 How would you set about conducting such a review? 5 How would you structure your report, i.e. on what basis? 5 Would you need to seek expert advice and, if so, in what areas?…
Download full paperFile format: .doc, available for editing
Polish This Essay97.2% of users find it useful
Management Essay on The Case of/on Risks
Read TextPreview

Extract of sample
"Management on The Case of/on Risks"

Download file to see previous pages 8 References 10 Executive Summary Project management can be defined as a process by which an organization plans, organizes, manages and controls its resources for the purpose of achieving specific goals (Melvin and Wilshusen, 2007, p.22). Most of the organization uses project management for implementing any activity. However it has larger scope, it may also include budget, timeframe, and identification of logical framework (PM4DEV, 2008, p.13). Project management also helps avoid problems associated with the project (Reiss, 2007, p.2). Hence in order to accomplish a project successfully role of a project manager is significant (Gido and Clements, 2008, p.303). In general a project is faced with three constraints result, budget and time (Thomsett, 2009, p.7). Therefore to overcome these limitations the control process must have to strong. The study will highlight the case of the unidentified risk where it will emphasize on the project management issues. Furthermore the report will also shed light on the issues raised in the case pertaining to the management of project. Finally the report will conclude and offer few recommendations regarding how the issues can be sorted out. Introduction The case entails about two companies namely ACME fabricators and Arbor industries. ACME fabricator is in the process of setting their new factory and office at a semi rural place. The company is socially responsible and would like their premises to be cleaner and greener. Hence in order to carry out landscaping activities the company invited tender. Arbor industries, a company involved in the activities of landscaping was selected for the project. In order to ensure representations from both the sides Arbor has appointed a project manager to administer the whole process while the finance manager of ACME was given the role of overseeing the project. The project was running smoothly until the newly leveled lawns got damaged due to heavy vehicles. Due to this phenomenon the first meeting between the two parties took place to decide the issue pertaining to damaging of the lawn. However to sort out the issue there were verbal agreements between the two representatives. As things started to roll on smoothly, the finance manager suddenly left the company. The new representative who came from the side of ACME was unaware about the verbal contracts and several other internal matters. This has led to huge confusions between the two companies and created dissatisfaction. Nevertheless the project ended before the deadline but with an exceeding budget. After the completion of the project the senior executives found that the results were unsatisfactory, and did not resembles the proposed sketch. The next half of the report will discuss about the issues raised in the case. Discussion A post project review is necessary for the evaluation of a project performance (Hedeman, Haren & Heemst, 2006, p.103). In this context it will mainly sort out differences between the two parties. A post project review is defined as the ultimate formal evaluation of the project that examines any new lessons which might benefit the future projects (Zedtwitz, 2002, p.256). How would you set about conducting such a review? The assessment is about examining what went wrong with the project and what can be done to enhance the quality of future projects. In order to conduct the post project review a meeting will be called where there will be presence of the following members:- Present Finance Manager of ACME Project manager of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Management Essay on The Case of/on Risks Example | Topics and Well Written Essays - 1500 words”, n.d.)
Management Essay on The Case of/on Risks Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/management/1456642-the-case-of-on-risks
(Management Essay on The Case of/On Risks Example | Topics and Well Written Essays - 1500 Words)
Management Essay on The Case of/On Risks Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/management/1456642-the-case-of-on-risks.
“Management Essay on The Case of/On Risks Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/management/1456642-the-case-of-on-risks.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Case Study on Synaptic Corporation
In dealing with delay and dependency risks, I urge the IM management to apply the tool of avoidance. On the other hand, risk mitigation will be the best tool to be applied for the estimate risk.
8 Pages(2000 words)Essay
Life of Taking Risks: Illustration Essay
All these few scenarios just represent the unique ability that humans have which involves choice making. Therefore, it is imperative to understand what the term risk means. Many people associate risk with a negative connotation. They associate risk with discouraging, hurting, or underachieving outcomes.
4 Pages(1000 words)Essay
Risks in Project Management Practice
Risk management is the establishing and arranging of the established risks according to their priorities irrespective of their impact by carefully applying the resources involved to avoid business losses. Risks can occur from various sources, which may include stock markets, project designing process, legal aspects, and accidents.
4 Pages(1000 words)Essay
Risks of Advertising Targeted on Kids
Aisha Al-Busaidi Prof. Grimble Composition 099 12/3/2013 Risks of Advertising Targeted on Kids In the modern age, where advertising has become omnipresent, marketers look out for new ways to instill their brand among all sections of the population. Far from the past decades’ trend of focusing mainly on the adults in advertising; most of the companies in today’s world have started focusing on the kids in a optimal manner.
4 Pages(1000 words)Essay
Supply Chain Management College Essay
It includes not only manufacturers and suppliers, but also transporters, distributors, retailers, etc. Supply Chain Management integrates procurement, operations and logistics to provide value added products or services to customers. Supply Chain Management (SCM) can provide both tangible and intangible benefits to an organization.
4 Pages(1000 words)Essay
Management case study Essay
As opposed to it, the prime concern of the retreat session was to get involved in the athletic activities. Stages of Development- During the first session of the retreat, every member of the group were made know each other. John Matthew's group leader was Mr.
12 Pages(3000 words)Essay
Systematic and Unsystematic Risks
Systematic risks are related to factors external to the control of an organization - like market risks, political risks, currency fluctuation risks, oil prices fluctuation risks, etc. Reeb and Kwok et al (1998. pp264-267) argued that expansion of asset portfolio across countries reduces the exposure to systematic risks as the diversification spans across multiple market segments across the world.
5 Pages(1250 words)Essay
The impact of culture on entrepreneurial management
reneur can be described as a person who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize those (Zimmerer & Scarborough, 2002).
10 Pages(2500 words)Essay
Formal and Informal Management of Risks
According to the UNESCO, we live in a “fast-paced world, changing the environment and constant innovation in the sciences and technology”. For the UNESCO, “risk is the expression of the likelihood and impact of uncertain and extreme event that, if it occurs, may impact positively or negatively on the achievement of a project or program objective”.
4 Pages(1000 words)Essay
Project Management: Management of Risks
It is stated by the researcher that the project management attracts many risks and, therefore, risk management has a reciprocal relationship with the project management. The researcher investigates the possible applicable risk management theories that will help accomplish the launch and running of the Active Being Complex.
5 Pages(1250 words)Essay
Let us find you another Essay on topic Management Essay on The Case of/on Risks for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us