These are the essential technical subject

Running head: PROJECT MANAGEMENT
PROJECT MANAGEMENT
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Author’s Note:

PROJECT MANAGEMENT
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Introduction:-
This report is mainly related to the MAXIMA case study. MAXIMA is the largest trade
organization in the Baltic city. In 2006, MAXIMA was reaching 1.85 billion euro income.
Luckily, MAXIMA's revenue is enhancing by 21% than the forgoing year. MAXIMA is very
much self-confident and states that in 2007 they improve their income rate greater than 20%.
MAXIMA is starting new outlets all over Lithuania, Estonia, Bulgaria, and Latvia and the
number of outlets is more than 350 (Rehacek , 2017). Almost 15000 proprietors and workers are
working in Lithuania, and 9000 workers are working in other nations. This organization actuates
a Customer authenticity program that distributes its associate's access. In this assignment, the
report maker is a critical analysis of the essential guidance style and also relate the perfect
project management tools which help to identify the risk management system.
Discussion:-
Project Management book of knowledge:-
PMI produced a set of standard guidelines and expressions for project management,
which is identifying as the PMBOK knowledge areas. There is an evolving standard that is
rationalized irregularly in its PMBOK. The knowledge areas take place during any one of these
systematic processes (Sims & Kramer, 2015). The team can become cautious the parallel process
group, though the knowledge areas are vertical. These are the essential technical subject matter,
which is necessary for an active PM process. MAXIMA has set the strategic objective to recruit
train and protect the most remarkable staffs and to accept their confidence. The project
management procedure is connecting to the five steps like project starting, planning, execution,
controlling and finishing. These project knowledge area linked with the cost management, time

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management, scope management, shareholder management, risk management, quality
management etc (Fang, Marle & Xie , 2016). The MAXIMA administrator has established the
outline which can aid to improve several knowledge areas like a scope, shareholder, cost etc.
MAXIMA use these PMBOK methods, and they deliver outstanding consumer services and
enhance their commercial revenue.
Code of ethics:-
This organization is maintaining the PMI code for enhancing its commercial structure.
These organizations are supporting honesty, responsibility, justice and respect, which can help to
raise their progress (Aven, 2016). The teams are bearing their correct application which can
involve the ethical significances. The PM principles and Professional Behavior can contribute to
the group in making practical choices, mainly when the project group are attempted with harsh
situations when the team might be investigating to negotiate the integrity and values. The
penetration code will exhibit other teams which are ethical and honest.
Several Approaches:-
Different project management approaches are helpful to complete this project. Agile
project management is the one vital project management methodologies (Matharu et al., 2015).
These organization's project team can monitor these procedures for implementing the plan. Agile
methods can focus on elasticity to constant variation, condition and normal response where
MAXIMA and customers need to be in on the construction process. In this Agile method is
usually appropriate for decreased software projects and improves there development plan.
Apart from the agile methodologies, another method is that Prince 2, which is the process
concerned methodology (Kliem & Ludin , 2019). MAXIMA can regulate the project requirement