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The scope of this event covers offering the better management and support in arranging overall winter themed event in a new holiday park. Our team is going to arrange, manage and control the overall activities for the installation of the ice rinks and managing the concert at the park. In this scenario we are aimed at offering better services and opportunities to the public. This project is also aimed at offering effective management skills to overall activities of the project.
The management of the new holiday park who is going to hold this event is main stakeholder of this event. After that our project management firm is also a stakeholder in this event. Most importantly public is a main stakeholder in this event. Since, the public will go to view and enjoy this event.
Cost Risks: In holding event at the new holiday park we can face risk regarding the overall project completion within allocated project budget. In this scenario if project takes more cost or time the overall project cost will increase that will lead toward the failure of overall project. To complete this project within allocated time we need to plan the overall resource in way that it could offer better control on overall project costing and resource consumption.
Time Risks: In this project we can have time related risk. Thus, to mitigate this kind of risk we need to complete this project within allocated time and resources. For this task we need to plan the project in a better way. Thus, we will require paying more attention on WBS and project time plan.
Technical Risks: In this project we can face critical technical risks. The main risk is about the installation of the ice rinks that can involve some technical complexity. In this regard we need to establish some back up technical plan to manage this type of risks.
Social Risks: In this event establishment we can disturb to local public. To effectively manage the local public affairs we need to make a social committee that can consult and
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Project management is ‘a dynamic process that utilises the appropriate resources of the organisation in a controlled and structured manner to achieve some clearly defined objectives identified as strategic needs’ (Young, 2010, p. 15). The challenge facing all project managers is that all projects are conducted with a corresponding set of constraints (Young, 2010).
PERT technique allows a complete project to be divided into its individual tasks and the time durations that these activities need such that the estimation of the completion of the total project can be done. The technique enables the determination of the earliest times when an individual task may be started and hence determines the critical path or the longest path of the project.
On the other hand, the given structure in this scenario has different dynamics as discussed below. How this structure should work Ideally, project should be led by project director, followed by project manager in hierarchy. A project steering committee shall be formed, chaired by project director himself, comprising heads of different functional departments.
It provides the path through which the firm goes about achieving its mission, either in the short term or long term. Through this process of strategic management, the organization is moved from its present position to a future strategic position with the aim of securing a sustainable competitive advantage (Kerzner, 2013).
Proper management is required in order to increase the productivity thus the following terms of project management must be understood: Design Capacity When a product or project is designed the maximum capacity at which it can work or the output it would provide is assessed thus it is the maximum obtainable output under ideal conditions.
Efficiency 4 3.7. Project Management Plan 5 3.8. Elements in a project 6 4.0. Conclusion 8 5.0. Recommendations 8 6.0. References 9 1.0. Executive Summary In this paper, there are set of questions that I am set to set to answer in compliance to a course that I am enrolled in.
The new project has also looked into past projects similar to it and has compared the time and cost estimates as well as analyzed the reflected differences. The allocated time frame is appropriate for the new project.
The example of a small financial firm is considered. The project explores job satisfaction among 10 financial advisors and develops a job satisfaction conceptual framework. Recommendations are provided to help the organization improve the level of job satisfaction
It is equally fundamental to note that the determination of energy needs is dependent on the size of the population that uses electricity, relic fuels and related causes. As evident in the research process and results, individuals
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