Answer: Weekly Portfolio Learning Table Topic and reading samples. Your personal learning outcomes from this unit. Learnings from your experience. Week 1 Success of a project is directly proportional to the contribution made by the heads of the project Kerzner (2013) explained the success of a project can be measured through the actions undertaken by three group members including customer’s organ...Read More
Answer: Introduction PRINCE2 is a process based project management methodology that is used to implement a project in a controlled environment. In PRINCE2, the project is divided into a number of controllable units so that monitoring and project governance is done in a proper way. Since In PRINCE2, project is implemented in a controlled environment; it provides a greater control of the resources and the ability to manage the project risk more...Read More
Answer: Tangible and Intangible Costs A tangible cost is mainly described as a cost that is quantifiable that is related with an identified asset or source. Tangible costs are therefore used to represent the expenses that might arise as a result of purchasing the materials or renting an equipment for a project. The intangible cost on the other hand can be described as an unquantifiable cost that is related to an identifiable sources (Cañ...Read More
Answer: Project Title Project Execution Planning and Management of Refurbishing Project by MICC Enterprise. Introduction Execution time of a project is the considered as the baseline while developing the document as well as governing the document of project operation as well as management. The Project Execution Plan (PEP) helps to establish the proper terms that are to be included for meeting the scope of the project and fulfil all the cont...Read More
Answer: Part 1: Project Charter Elements A project charter is defined as an overall basic plan for an upcoming project that serves as the predecessor to the full project plan and emphasizes on some of the basic but critical components of the project plan. In a project charter, there are a number of different elements that are discussed below with specific reference to literature. Project Scope and Objectives According to Kerzner and Kerzner...Read More
Answer: Analysis of the personal attributes important to the project manager for managing global projects: Some of the personal attributes are important form the project manager for managing the global project. One of the main attribute is the good communication skill. If the project manager is a good communicator he or she can communicate with people from all levels which is important for understanding the requirements of the project (Patana...Read More
Answers: Revision Area One 1. Time management is an essential need of project management as good time management enables increase effectiveness in management and implementation of a project. Project manager play a vital role in time management as he guides the project team in delivering a particular deliverable within the time allocated for the work (Kerzner & Kerzner, 2017). Project Manager calculates a feasible time required for comple...Read More
Answer: Introduction The insurance company’s lease has already ended and there is no scope for the renewal hence, the company will need to move to other location. Insurance company is about to relocate their office location from the existing place to the suburb location where the new facilities of the office must be introduced. This must be accomplished with least disruption to the staffs and employees working in the workplace. The esti...Read More
Answer: Project management In order to become an effective project manager, professionals should have some important and essential skills which constitutes the personal qualities or competencies for the professional project manager who ensures effective and efficient management of complex projects. A project, in order to be successfully completed, the project manager needs to have some important qualities which are discussed in details in thi...Read More
Answer: Document Purpose The purpose of this project charter is to develop a primary plan for the proposed project by Alexandria’s Fashion. The charter explores the background of the proposed project and looks to develop project objectives, value statement, schedule, work breakdown structure and others that are essential components of a complete project management plan. Project Background Alexandria’s Fashion, owing to huge succ...Read More
Answer: Section 1: Managing the Project Team 1a) Project Priorities and the Project Priority Matrix Establishment of the project priorities is important for a project team to consider. Prioritization of the project works, helps in better management of the risks and issues in a project. The project aims in setting up of a Food Test Laboratory and therefore the priorities of the project are needed to be set. The criteria associated...Read More
Answer: To be filled by the assessment officer. Strathfield apartments Representative of the developer Name of the contractor Name of the project Stage No. Location of the project Date of audit Name of the assessment officer (AO) Signature of the assessment officer Definition of audit results Classification of results Definition of res...Read More
Answer: Introduction: The social media marketing is vital to enhance the traffic of website, gain goals of conversions, business leads and user engagements. This is also useful to raise brand awareness, the growth of business and quickly create community goals. Social media marketing is also vital to receive regular customers and clients over the business website. In the following study addresses the role of social media marketing for evaluat...Read More
Answer: Introduction: I would like to inform you that, currently our company ABC Software Private Limited is facing certain challenges in their functional and operational activities. In order to grab new consumers and retain existing consumers we would like to upgrade our website. As we deliver online service to our consumers therefore, the website plays a crucial role. The commercial success and commercial consequences of our company is some...Read More
Answer: Introduction: The project associated financial records are mainly elaborated below: Income sheet: The balance sheet helps in reflecting on the financial performance of the project in the reporting period of the project. It generally starts with sales and then subtracts the expenses that are generally incurred during the entire period for arriving at net profit (Balakrishnan, Watts and Zuo 2016). Earnings per share is also incorp...Read More
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