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Assignment on Managing Project

   

Added on  2020-10-22

15 Pages3903 Words352 Views
Managing Project

Table of ContentsNTRODUCTION.............................................................................................................................1TASK 1............................................................................................................................................11) Key characteristics of any project...........................................................................................12) Scope Statement for a project and Work Breakdown Structure (WBS).................................13) Project Gantt chart and identify the critical path....................................................................24) Approaches exist to generate a budget for a specific project budget......................................35) Project risk arise and various responses to risk that may be taken within projectmanagement................................................................................................................................46) Quality methods which introduce to ensure a project is completed successfully...................4TASK 2............................................................................................................................................5CONCLUSION................................................................................................................................9REFERENCES................................................................................................................................1

NTRODUCTIONProject management refers to practice of planning, implementing, controlling and alsoclosing work of team to attain particular objectives and meet with particular criteria of success atparticular period of time. The project is designed to develop unique services and products withdefined beginning to meet with the specific objectives (Burbank and et. al., 2015). Mainchallenge of the project management is to attain all goals of project with in provided constraints.This present report is based on the case study of ABC that acquire DEF Ltd. It is known for highstreet frozen food retailer. Under this mention report will be discuss about the characteristics ofproject and scope statement for project. There will be discussion about the methods of qualityand also introduce to assure project is to be complete in a successful and effective manner. TASK 11) Key characteristics of any projectProject is regarded as major aspect of firm that provided better opportunity to thebusiness in order to attaining objectives through executing some modifications (What is projectmanagement. 2018). There is an acquisition project under which the ABC company acquire theDEF Ltd. Different characteristics of this project mention below:Stock purchase- Under this, acquiring business firm give the stocks and cash toshareholders of target firm in an exchange for stock of target firm. So, When ABC companyacquires the DEF, then it gives cash to shareholders of DEF. Securities offerings- Under this, shareholders of DEF Ltd. Company receive stocks ofABC firm in exchange of their stock of target company. 2) Scope Statement for a project and Work Breakdown Structure (WBS)The scope of every project is different from each other whether it is large, small andmedium. Scope statement included details about the project deliverable and also explain the mainobjectives. It is based on type of the project that being executed as well as nature of company. Inproject statement included stakeholders, project team, consumers. It is developed before startsthe project (Flora, Wang and Chande, 2014).In project management, Work Breakdown Structure is deliverable-oriented breakdown ofproject in the small components. It is helpful in organise the project or work of the team in to thesmall sections. The project manager of company use this kind of methods for simplifying1

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