1) What are the core principles/characteristics of any project and why are they important? (8 marks). Ans:-The word project comes from the Latin word projectum from the Latin verb proicere, "before an action" which in turn comes from pro-, which denotes precedence, something that comes before something else in time. The word "project" thus actually originally meant "before an action". A project is characterized as a community oriented endeavor, including research or outline that is precisely wanted
The Critical Path Method According to PMI (2013), “the critical path method is a method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model” (p. 176). This information is important to project schedulers and project managers because identifying the critical path will determine the longest path of activities, the shortest possible project duration and the level of scheduling flexibility that exists
Overview of Project Management A project can defined as a unique way to plan the organization objectives ,in terms of successful outputs .It is usually portrayed to be a successful attempt as it plans to achieves the objectives which are according to the acceptance based criteria , within a specific timescale as well as budget. The term project management is defined as an application of processes or methods in fact to achieve the project based objectives. Objectives might differ from one organization
STUDY AND EVALUATION OF STRATEGIC MANAGEMENT IN INDIAN CONSTRUCTION INDUSTRY Naveen Thomas Abraham1, A. Arokia Prakash2 1 Student, Construction Engineering and Management, SRM University, Chennai, 603203, naveennt2007@gmail.com 2Assistent Professor, Construction Engineering and Management, SRM University, Chennai, 603203, arokiaprakash.a@ktr.srmuniv.ac.in 1 ABSTRACT Strategic Management is a concept that concerns with making decisions and taking corrective actions to achieve long term targets and
Risk Analysis Perform qualitative risk analysis is the process of prioritizing risks by assessing and combining their likelihood and impact. Risk prioritization guides the effort and defines which risks require more attention and responses. The key risks then to be monitored more frequently, and included in detailed modeling in Quantitative Risk Analysis (QRA). Qualitative risk analysis evaluates the probability of each risk will occur and the effect of each individual risk on the project objectives
estimation is the process of estimating the amount of time and effort to complete the software development life cycle. Software time estimation aims to limit the deadline slippage in a project. It creates a platform to handle critical situations, risks, delays, unexpected events, lack of resources, and uncertainties in the project. Need for Software Time Estimation Time Estimation refers to the practice and process that determines the time required by a software engineer to complete a given task. The estimation
particular subject. The subject of construction delays was widely discussed and analyzed by various researches in the past decades, however, delays in construction projects were still being reported although several research projects were conducted on the subject to address the issues, the continuous occurrence of the delays in construction projects bring the researchers to review the issues again, and to enhance the knowledge in the construction industry in the view of overcoming the issues related to construction
As a consultant, I will convince Northwell upper management what I believe are the important issues that Northwell should address. After critically analyzing the situation there are many problems that need to be change. Assuming I am a management consultant whom Northwell has hired me to review their situation and to make recommendations that will best benefit the company. As a consultant I analyzed a lack of experience, poor management and unacceptable performance of medichek. In the case study
Project in simple words is a series of tasks that need to be completed in order to reach the pre-determined outcome. A project can also be defined as a set of inputs and outputs required to achieve a desired goal. Projects can be either simple or complex and it can be managed by one person or more. Every project is temporary because every project has a definite beginning and end and therefore, has defined scope and resources. According to PMBOK (Project Management Body of Knowledge) 3rd edition,
A structure for innovating the relationship project manager style of leadership and the success of the project. Abstract Research on the success of projects has proceeded along two streams. The first focuses on the leadership characteristics of the individual project managers and the relationship to success. The second focuses on the definition of project success, identifying its various dimensions. These research streams are interrelated but not yet interconnected. This paper presents a framework