StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The mutual effect between project quality management and project cost management - Essay Example

Cite this document
Summary
The project is about the mutual effect between project quality and project cost management. This paper is going to write the overall plan for the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
The mutual effect between project quality management and project cost management
Read Text Preview

Extract of sample "The mutual effect between project quality management and project cost management"

Project Management The Mutual Effect Between Project Quality Management And Project Cost Management IntroductionA project plan is like the blueprint for the project team members as it acts as a directive to the entire completion of the project. The project is about the mutual effect between project quality and project cost management. This paper is going to write the overall plan for the project.Project PlanThe project is about the mutual effect between project quality management and project cost management.

The project aims to explain the mutual benefit of quality versus cost in a project. The whole project could possibly take around eight weeks to complete. The number of member will be around fifteen people and the overall cost will be around a thousand dollars. Different people will be assigned various roles in the completion of the assignment. Here the president, vice president and secretary to the projected will be selected including board members.The project is divided into three parts that is the quality management part, cost management part and the mutual effect between the two.

Each part can take approximately two weeks each thus. An activity schedule will be produced to assign the time and date for each part. Next, a spreadsheet detailing the highlights of the project, audits dates and deadlines must be produced. When all the dates, role allocations meetings schedules and time duration have been set in place, the cost of the completion of the project is to be set. Here each task and materials needed have to be written down together with their estimated cost. The overall budget allocation must be estimated to find out if the funds are available.

The cost of the overall project will be around one thousand dollars to complete. Next is the communication plan since the project is now obvious. Communication includes meeting times and project updates.ReferencesAtkinson, R., Crawford, L., & Ward, S. (2006). Fundamental uncertainties in projects and the scope of project management. International journal of project management, 24(8), 687- 698.Lewis, M. W., Welsh, M. A., Dehler, G. E., & Green, S. G. (2002). Product development tensions: Exploring contrasting styles of project management.

Academy of Management Journal, 45(3), 546-564.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The mutual effect between project quality management and project cost Essay - 1”, n.d.)
The mutual effect between project quality management and project cost Essay - 1. Retrieved from https://studentshare.org/management/1666705-the-mutual-effect-between-project-quality-management-and-project-cost-management
(The Mutual Effect Between Project Quality Management and Project Cost Essay - 1)
The Mutual Effect Between Project Quality Management and Project Cost Essay - 1. https://studentshare.org/management/1666705-the-mutual-effect-between-project-quality-management-and-project-cost-management.
“The Mutual Effect Between Project Quality Management and Project Cost Essay - 1”, n.d. https://studentshare.org/management/1666705-the-mutual-effect-between-project-quality-management-and-project-cost-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF The mutual effect between project quality management and project cost management

Process Approach to Project Management

Section 3 introduces the main definitions and conceptions of project management theory and process approach in PM, among which the concepts of project life cycle, project stakeholders and project success are of a special importance.... Executive Summary Nowadays project management (PM) is widely used not only in industrial context (e.... in construction, telecommunications or software development), but also in the context of strategic change management within enterprises (Cleland & Ireland, 2007)....
17 Pages (4250 words) Essay

Project Management, Categories of Risks and Their Elements

Name management 23 April 2013 Project management Part 1 1.... In the management of these two entities, they both function for the common good of the projects, but while the aims of managing projects are achieving the end result, process management focus on increasing efficiency and quality, which is difficult to achieve for the former.... Many things can cause cost risks, and though they can be related to the general project, the control of this factor is handled by the management of the project, who either underestimate, or overlook the cost associated with the activities in the project....
8 Pages (2000 words) Essay

The modern project management approach

The subject matter of discussion in this paper is: 'as project management evolves, a new set of issues is demanding attention'.... Project management is said to be a set of principles, practices, and techniques used to guide project teams and control project schedule, cost, and performance risks so as to bring about the desired results for the benefit of the customers.... roject management as a discipline was developed from several different fields of application such as construction, mechanical engineering, military projects, etc....
19 Pages (4750 words) Essay

Project Management Tools

FastTrack Schedule delivers descriptive project snapshots that are sure to make an impact with clients and project managers.... This paper talks about project management whcih is the discipline of organizing and managing resources in such a way that these resources deliver all the work required to complete a project within defined scope, time, and cost constraints.... hellip; According to the report project management Tool/software is a term which covers many types of software including scheduling, resource allocation, collaboration, communication and documentation ....
5 Pages (1250 words) Essay

Risk Management Plan

It is important for the project management to agree all deliveries and specifications with vendors in order to avoid delays faults issues and delays.... Building a high-performing project team is difficult, particularly if few employees work together in the same physical location and… In every project, there is conflict, either between the project manager and the stakeholders, the project team and the users, or between individual project team members, or indeed, Another area of concern is research and development process....
4 Pages (1000 words) Essay

Stakeholder Regimes in Higher Education

internal stakeholders such as top management, accountant, project team members and other functional managers.... A project is defined by Pinto (2010), as a temporary effort to make a rare product or service as project are means through which we can change our surroundings and this world.... In undertaking a project, it is to be remembered that projects cannot be accomplished by a single… They have relationship with various other organizations as well as individuals....
12 Pages (3000 words) Essay

The mutual effect between quality and cost management

This only reflects the fact that project do cost money even more reason as to why project managers ought to understand project cost management.... However, if a good project cost management technique is to be applied, then cost overruns throughout the project can be avoided.... roject cost management (PCM) often sees to it that the project team in place completes a project within an approved budget.... Project management is said to be a discipline that encompasses planning, organizing and management of resources that in turn results in the successful completion of any given project....
8 Pages (2000 words) Essay

The Background and Principles of Project Management - HP

All these levels require commitment of resources, which need management and control hence the need for project management.... In project management, the need to understand the core items involved in the projects proves vital to provide a guideline and framework through which the project will occur.... These provide the background to project management.... Project management bases on various backgrounds based on the needs of the project developers and company that the project is to serve....
17 Pages (4250 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.
Contact Us