PROJECT MANAGEMENT Scenario 1: Tasks : 1)Create a weighted scoring model that managers could use to help evaluate candidates for the project manager position. Make up at least five criteria for evaluating the project managers, four potential candidates, and scores for the candidates…
8.8 2)Although senior management does not want a business case for proceeding with this project, they would like to know what some of the potential financial benefits could be from this project. Write a one- to two-page paper describing several potential financial benefits that could result from providing this system. Any technology based resource management system comes with several degrees of financial benefits that are essential to the success of any organization or company involved. Most managers have however not readily identified these benefits, which are financial because they are often embedded in other benefits that are non-fiscal. This means that the financial benefits of technology based management systems are not extrinsic but highly intrinsic (WWF, 2000). The financial benefits are always the result of the key characteristics of the systems. Three of these characteristics are known to be multi-functional, effectiveness and efficiency. The technology based resource management system is said to be multi-functional because it can play several roles at a time. Unlike the orthodox system of creating different portfolios for different employees, a single system could be used to play about three to five at a time (World Conservation Union M&E Initiative, 2009). There could for instance be one system that combines the roles of recruitment, placement, orientation, salary grading and pension scheming, all at a time. In such a situation, the company benefits extensively because the amount of money that would have been spent on each of the portfolios is spared and saved in the coffers of the company. Subsequently, these monies serve as capital for starting other money making activities so as to raise and generate incomes for the company. In the case of the present system, it is even possible to advance the functions of the system so that in the nearest future, there could be several roles integrated into its work. As far as effectiveness is concerned, reference is being made to the fact that the technology based resource management systems are useful in generating financial returns and financial benefits by ensuring very high levels of perfection in service delivery. There is no denying the fact that no machine is 100% effective. However, studies show that most contemporary systems that have been introduced in the project management system to take care of resource management actually outweigh human perfection for close to 30% (World Conservation Union M&E Initiative, 2009 ). This means that there is a wider range of quality and perfection guarantee on the use of the technology based system as compared to using human effort. Invariably, the amount of money that would have been spent on legal litigations and other forms of inaccuracy corrections and remediation would be channeled into other profit making ventures within the organization. The effectiveness of the system is therefore another guarantee that the system is highly beneficial in terms of finances. Finally, the efficiency of the system cannot be underestimated in any way, and as ...
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“Project Management Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/other/11472-project-management.
The essay discusses the factors that contributed to the success in the construction of this major building project. The Scottish Parliament Building in Edinburg was designed as a parliamentary complex meant to house 129 members of parliament and close to 1000 civil servants and staff. This building was a very serious project because it aimed at creating a poetic union between Scottish landscape, its culture and its people.
This paper explores project management discipline in the context of the construction project, Scottish Parliament Building located at Edinburgh. The building was designed in 1998 by Enrich Miralles, one of world’s renowned architects, the project was estimated to cost $75 million but it was completed in 2004, after six years six years at a cost of about $830 million.
This requires the hiring of competent project managers who will conduct a good and successful project management. By definition, project management refers to the discipline of securing, planning, organizing and managing available resources with an aim of achieving a successful completion of a project and the attainment of its goals and objectives (Bjarne 2007).
The importance of logistics increases greatly when the main purpose of the project is to deliver food and basic aid to individuals suffering from malnutrition and poor living conditions (Thomas, 2003). Logistics basically encompasses a number of processes and methods to ensure a smooth flow of materials and resources from a place where they are manufactured or produced to the area or place where they are needed.
ct development from start to finish.1 Project management techniques are applicable to all types of projects and these techniques or methods not only make it easy for the project managers to control all phases of project management effectively but also these methods are widely
The techniques are composed of established strategies or doctrines that can be tailored and applied to a specific situation. In project management, these strategies could be a list of tasks to be consummated, a definite approach, outlines, methods, and even
t scope, budgeting cost of the project, scheduling deadline, maintaining quality throughout the project deliverables (Kerzner, 2013; Cooke-Davies and Arzymanow, 2003). Organizations use ‘The Portfolio, Programme, and Project Management Maturity Model (P3M3)’ to assess
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