Managing Operations and Project

This report provides an overview of managing operations and projects. It covers topics such as project time management, project cost management, project communication management, and project risk management. The report also includes a case study on Bloomsbury Institute and their project for organizing a convocation program.

Managing Operations
And Project

Table of Contents
INTRODUCTION...........................................................................................................................1
Project Overview:........................................................................................................................1
Project time management:............................................................................................................2
Project cost management:............................................................................................................5
Project communication management:..........................................................................................6
Project risk management:.............................................................................................................7
CONCLUION .................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Company's managing its activities for accomplish the specific tasks. They are running
activities which helps them for accomplish their objectives. Project is about running activities for
achieving goals. Project managers should execute the rules for strategies for achieving projct
goals. Project management is the process for which includes details for preparation, coordinating
activities which looking for attaining the project goals. Project manager manages the project for
coordinating the details which h helps for better performance which helps for higher profitability
for the businesses. This project is about project which Bloomsbury institute are taken for
consideration which views the project formulation, promotion for the engaging system engineer
for arranging the induction program for the three days. The goals are the administration for have
consent for activities which they has for conduct. This report includes topics which are project
description, scope, strategies etc. Apart from this it includes topics which are project risk
management, communication plan which helps for better performance which helps for higher
profitability for the businesses (Butler, Vijayasarathy and Roberts, 2020).
Project Overview:
This is the accountable for views the requirements for clients through which precise
thinking for developing. It is the crucial for have complete overview for the project for this
makes enables for having for clarity through which it enhances decisions for made. In context to,
Bloomsbury institute it is crucial for them for attaining views for the convocation program for
wider scale. The scope for the designing the project are execution for various activities which are
appropriate for better way which helps for maximum people admiring for taking decisions. It
helps for enhancing the accent which will furnish details which are relates for accomplish
process which involves identification of relevant venue which designing for the conference hall,
preparing speeches for welcoming the students along for their guardians. The management for
the events which leads for create the impact for the manner which students delivers their
liabilities. The objective for the event for grab attention for the people which views the institute
for the admissions. The company's which are require for accomplish the plans for deciding the
venue which views the guests, students which has arrangements which includes the information
which taken for the participants, they again verify these details. There are various activities
which needs for organising the proper manner which event for the better way which helps for
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better performance which helps for higher profitability for the businesses (Castillo, 2016)
(Cronk and et.al., 2019).
The work breakdown structure which is the process for including various activities for
various way which helps for better performance which views the objectives achieving in better
way. This acts which for manageable section for organise the activities which will managers
takes for the appropriate performance. This acts which manages the section for organise the
activities which helps managers for appropriate way. In context to Bloomsbury, this structure
helps for the project for dividing activities which helps for views them, modified them if any
mistakes are there which helps for better performance which helps for higher profitability for the
businesses (Killen, 2017).
There are various aspects which are includes for management for its all activities for the
appropriate way.
Capital Constraints: This is identified for the crucial entity for each project schedule.
This will views all aspects which are includes welcoming guests, audiences, degrees, various
activities for ensuring the success for the event. It is associated that human resources for the
funds which are needs for the company.
Financial constraints: It is about Bloomsbury are needs for finances which coordinate
various activities for enhances scale which for entity which use for the enhance way. It is
important for having approvals which are for the municipal corporation which they conduct for
their events for ensuring the permissions for which concern for the government.
Time constraints: This implies the coordination which are for preparation which access
the framework for the activities. It means which views various activities for coordinating for
managing framework which assess for effective way. In context to Bloomsbury, this project has
for May 2020, it is important for ensure all the activities are probable situations for the expected
framework.
Project time management:
This company is accountable for ascertaining which includes adequate frame for time
maintaining for various activities which helps for better performance. It is necessary that all
activities are manage for the formulating time framework which helps for organising event for
better performance. Time framework helps for the executing activities in better way which helps
for better performance which helps for higher profitability for the businesses. This project which
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is about managing all activities for time management. This is about time management makes
project better for its performance. Program managers for the company, in context to Bloomsbury
institute should opt for tools which are Gantt chart which will enables for estimation for various
activities for the frame works for time which has allocates. This is about the aspects for planning
for the actions which has various activities (Martinsuo and Hoverfält, 2018).
Gantt chart:
This chart views the above utilise for estimating the schedule plan for actions for taking
the time framework for the particular instance which it takes. In context to Bloomsbury institute,
the needs which it is conducts for their tasks for graphical way, the time it has views. This will
enables for ensure the success for the event.
Network diagram:
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This diagram views the event manager opts the designing for the diagrams which will
helps them for having visual example for the activities. This views the project has various
activities which has better management. In context to event which Bloomsbury has, it is the wide
levels which includes there are various managers for conducting various activities for the project.
There are various ways for management for the project which includes network diagram. This
views activities are managed for the tasks which ensure for the accomplish objectives. Network
diagram is about manage the various processes which includes schedule the activities,
sequencing the responsibilities, tracking progress for the events for the pre determine indicators
form initiation, accomplish the projects.
Critical Path analysis:
The critical path which views the management needs for software development strategies
for planning the critical activities which helps for accomplishment for the project for better
manner. It is about prediction for time which basis for activities which conduct for the internally
for restricted frame time. In context to Bloomsbury institute, this for preparing practical targets
which will further acts for agenda for the framework which project conducts for gradual manner.
This is valuable for the management for coordinating the decisions within reasonable frame for
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time for the formulate the cohesion for contribution for the implementation for the activities
(Mills and Razmdoost, 2016).
Project cost management:
Management accounting is the process for planning, calculations which are for spending
the associated for various activities. In context to Bloomsbury, for minimising the budget
scenario, it is liability for organisers , administrators for anticipating total expenditure.
Bloomsbury institute needs for identify the expenses which are accordingly activities which are
plans. This needs budget planning which helps for better performance. Budgeting is about
schedule the activities for scheduling campaigns for managing expenditure for the business.
The comprises for preparing comprehensive schedule the use for monitoring complete success
for affirmative way. The budget strategy helps for the institute for eradicate excessive spendings
for the activities. They have agreed on the amount of £82500 for ensuring success of the event. It
is the liability of management to identify existent value and accordingly take steps for
determination of the intake criteria.
Particulars Amount ( in £)
Event venue 18500
Stage formation 8200
Print flyer for publicity 7000
Send email reminder 3000
Decorations 8000
Registration 3500
Arrange speaker 5000
Utility expenditure 3000
Security 2500
Miscellaneous expenditure 8300
Total 73000
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Cost estimation is about for assessing the utilise the funds for the project for execution
processes for the predict costs. Bloomsbury institute utilise these expenses for various activities
which includes computing, management, surveillance, many more for the fixed income frame.
This helps for review the market results, knowledge periodically for which has improvisations.
The expenses baselines enables for minimise the differences which helps for the achieving goals.
Project communication management:
This is the integral aspect which ensure the success for the project for enhancing.
Communication is necessary through which various aspects for the project interacted for others
accordingly they works. This includes the formulation for plans,n collection for information,
creation for knowledge, processing the managing documentation for the project. This needs
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includes for various stakeholders which has clear, precise details for the liabilities they have for
it.
Basis Level of interest
(High )
Level of interest
(Low)
Level of power (High) Management Government
Level of power
(Low)
Staff members Customers
Higher control, high interest: Board of directors, administrators are liable for
formulation the decisions, planning activities.
High power, lower interest: Administration are accountable for this they have for
formulate policies, accordingly engage for the activities.
Lower power, higher interest: Team members has lower power when they are expects
for conduct the assign activities.
Low power, low interest: Consumers are the stakeholders which will ensure
sustainability for the company's for the engagement.
Project risk management:
Project Risk Management refers to a technique through which the overall risk
management of the various types of projects can be carried out in the right manner which can be
quite helpful in ensuring that the project can become successful in the future without facing
problems and issues. Therefore, it is quite essential that the businesses are able to make the use
of this particular technique so that they are able to assess the risk present in the project which
they are planning to execute.
For Bloomsbury Institute, it is quite essential to make sure that it considers Project Risk
Management because in this way it will be able to assess the level of risk which is present in the
conducting the Convocation Ceremony for the different types of students effectively and
efficiently.
Risk analysis framework which are for utilise the accessing degree for the associated risk and
this can be analysed via management for set this out for the various groups. The director of the
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institute must make use of the framework for analysing unfavourable cases as well as
predetermine successful metrics that will be critical for resolving deceptive conditions. For an
example the institute need to have relevant caterers for providing guests with adequate services.
Risk analysis: In this manner will analyse the probable risks for evaluation for the casual
relation. They are group for the various activities.
Quantitative analysis: The utilisation for the analysis, the forecast for attaining the
respect amount, capital which needs for accomplish goals which helps for better performance
which helps for higher profitability for the businesses (Panova and Hilletofth, 2018).
Qualitative analysis: There are various activities which has various aspects. This helps
company for the accomplish goals which helps for better performance which helps for higher
profitability for the businesses (Rezania, Baker and Burga, 2016).
CONCLUION
From the above report it has been concluded that project manager is accountable for
manages the projects which helps for better performance which helps for higher profitability for
the businesses. The company for achieve the success it is necessary for views the various factors
which includes time, costs, profits etc. This is necessary for ensuring the aspects which has
relevant strategies for formulates the project success which helps for better performance which
helps for higher profitability for the businesses.
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REFERENCES
Books and journals:
Butler, C. W., Vijayasarathy, L. R. and Roberts, N., 2020. Managing software development
projects for success: Aligning plan-and agility-based approaches to project complexity
and project dynamism. Project Management Journal. 51(3). pp.262-277.
Castillo, F., 2016. Managing Operations. In Managing Information Technology (pp. 17-84).
Springer, Cham.
Cronk, L. and et.al., 2019. Managing risk through cooperation: Need-based transfers and risk
pooling among the societies of the Human Generosity Project. In Global perspectives
on long term community resource management (pp. 41-75). Springer, Cham.
Killen, C. P., 2017. Managing portfolio interdependencies: The effects of visual data
representations on project portfolio decision making. International Journal of
Managing Projects in Business.
Martinsuo, M. and Hoverfält, P., 2018. Change program management: Toward a capability for
managing value-oriented, integrated multi-project change in its context. International
Journal of Project Management. 36(1). pp.134-146.
Mills, G. R. and Razmdoost, K., 2016. Managing value co-creation/destruction: a longitudinal
education capital programme/project case study. Construction management and
economics. 34(4-5). pp.286-301.
Panova, Y. and Hilletofth, P., 2018. Managing supply chain risks and delays in construction
project. Industrial Management & Data Systems.
Rezania, D., Baker, R. and Burga, R., 2016. Project control: an exploratory study of levers of
control in the context of managing projects. Journal of Accounting & Organizational
Change.
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