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Management Operation Project | London School of Business and Management

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Added on  2020-01-07

Management Operation Project | London School of Business and Management

   Added on 2020-01-07

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MANAGEMENTOPERATION PROJECT
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INTRODUCTIONProject management plays a vital role in each and every organisation by which themanagement is very helpful for making the plan. There are different types of tools andtechniques are very helpful for the firm in order to make effective business plans for achievingthe goals and targets in proper manner. In the present case, London school of Business andManagement (LSBM) is taken into consideration which is going to organise an event of one daycharity fundraising. In context to this, ways in which cost of the project is managed will beexplained. The project time management tools are such as network diagram and Gantt chartwhich are shown in this project. Besides this, the project focuses on time and risk managementtools as well as techniques by which the school will be able to organise respective event in asuccessful way.TASK 1: PROJECT OVERVIEWDefinitionProject is a process which shows all activities and time frame along with the budgetsection in order to achieve specific goals or objectives. It is helpful for London school ofbusiness and management to organise an event of charity fundraising in an appropriate manner(Kerzner, 2013). Through the project, school will be easily able to know the time and cost thatwill be required to held such event.RationaleThe project plan is prepared to organise and held an event for one day charity fundraising by LSBM. ConstraintsIn order to organise the event and raise fund, various kinds of obstacles occur. Theconstraints or limitations of project are stated as below:There are risks can be occurs that the project can be complete on time or not.Another limitation is that whether the project can or cannot be completed within expectedtime frame which may lead to hamper the overall event.Sometimes, company cannot allocate resources in a proper and adequate manner.Further, cost is also one of the major constraint.2
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