AMP is one of the largest invest management and insurance group in Australia. In was formed in 1849 as the Australian Mutual Provident Society, mutual society and non-profit insurance company. The company deals with products like insurance, banking services, and financial advice. Through its AMP Financial services division represented by more than 2,000 individuals dealing with company financial offerings like superannuation products and banking. Investment management to AFS is provided by the AMP Capital Investor and to other institutional Investor and individual. The company also provides retail financial service under Arrive Wealth Management brand and Hillcross
The company was denaturalized in the year 1998 and was listed on the stock exchange market of Australia and New Zealand as the company with the highest number of registered stakeholders in Australia, with the majority of the shareholders living in this, two countries. All policyholders of the new company received shares after the company had demutualized (Blainey, 1999).
The market in Australia is not a monopoly, and AMP gets completion from National Australia Bank LTD, AMP AAPH LTD, and Australia and New Zealand Banking group LTD. The company operates in the same market; therefore, they make their strategies to attack their customers.
The purpose of this report is to explain the important method and techniques used in the information system of AMP for design and analysis. It also analyses on the method and approaches used by the company to implement and to manage their project.
Time management by AMP
According to Turner (2014), there is competition in the market and AMP must schedule their time so that they can
When time is managed well, the AMP will be effective, and the level of stress to the workers will be reduced. They will also gain the market by posting proper completion to their competitors. For the time to be managed well the company must consider doing the following:
The work breakdown structure is the activity that must be done to produce the product. It is represented as a hierarchical subdivision of a project into work areas with the lowest frequently being an activity or a work package. At the creation of the WBS, the lowest level should always be consistent and agreed at. This lowest level is the key in providing the foundation of all project management work, including the estimation of the cost and the effort, scheduling, planning and allocation of resources (Schwalbe, 2015).
The WBS of the AMP
1.0 AMP project
1.1.1 Recommendation and assessments
1.1.3 The project charter is submitted
1.1.4 The management reviews the project charter
1.2.1 Preliminary scope statement is created
1.2.2 The team working on the project is determined
1.2.3 The selected team schedule meeting
1.3.1 The project is started
1.3.2 The items required are verified and validated.
1.3.3 The system to be used in the project is designed.
1.3.4 The item to be used are purchased
1.3.5 The project is put in place
1.3.6 Testing is done
1.3.7 The users are trained
1.4.1 There is management of the project
1.4.2 The project status meeting is scheduled
1.5.1 Procurement is audited
1.5.4 Formal acceptance is gained
The project management of AMP was successful due to proper management of the manager and the use of WBS to clearly illustrate the tasks and the person to be assigned the task. This brought up good coordination, and the task was done in time (Turner, 2014).
Blainey, G. (1999). A History of the AMP 1848-1998. Allen & Unwin.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Turner, J. R. (2014). The handbook of project-based management (Vol. 92). New York, NY: McGraw-hill.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2018). Technology Pproject Management AMP . Retrieved from https://myassignmenthelp.com/free-samples/technology-pproject-management-amp.
"Technology Pproject Management AMP ." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/technology-pproject-management-amp.
My Assignment Help (2018) Technology Pproject Management AMP [Online]. Available from: https://myassignmenthelp.com/free-samples/technology-pproject-management-amp
[Accessed 05 June 2020].
My Assignment Help. 'Technology Pproject Management AMP ' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/technology-pproject-management-amp> accessed 05 June 2020.
My Assignment Help. Technology Pproject Management AMP [Internet]. My Assignment Help. 2018 [cited 05 June 2020]. Available from: https://myassignmenthelp.com/free-samples/technology-pproject-management-amp.
MyAssignmenthelp.com is the ideal place for students, who often wonder, 'who can write my assignment for me'. The reason is, we have a pool of highly skilled and knowledgeable experts, who prepare highest quality academic papers in all domains. So students don't need to waste their time in searching, 'can someone do my assignment perfectly in Australia', instead they can place the order for getting assignment help from experts based in Sydney, Melbourne, Brisbane, Perth, etc. They are guaranteed to receive premier quality assignment help at an affordable rate in Australia.
Answer: Introduction Artificial intelligence refers to the imitation of intelligence of humans in machines those are programmed to think like humans and imitate the actions of the humans. The utilisation of artificial intelligence in project management is on the rise and it will help the managers of the project to take decisions those are smart and effectively administer the constraints of the project. The artificial intelligence in project m...Read More
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
Just share Requriment and get customize Solution.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
Thank you for your services . I will come back to you again for sure :) Al so I will recommend you to other students as well
I really want to thank you for your help. You did the job how I expect. I highly recommend to my friends and co-workers.
Presentation had a great layout and design, colors were visually engaging and the charts provide a large volume of information in an accessible format.
This is my go-to with homework help....I am so happy with the results! I got an "A" again!!!!!