Managing Operations and Projects Essay

Added on - 21 Jul 2020

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MANAGINGOPERATIONS ANDPROJECTS
Table of ContentsINTRODUCTION...........................................................................................................................1PROJECT OVERVIEW..................................................................................................................1PROJECT CROSS MANAGEMENT.............................................................................................2PROJECT TIME MANAGEMENT................................................................................................3PROJECT RISK MANAGEMENT.................................................................................................5CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONManagement and operation is an integral part of an organisation as it helps them inmaking a proper plan which they can follow to execute the task in proper manner. In this report,project overview has been mentioned by the researcher in which they have mentioned about ancharitable event which is being conducted by London School of Business and management forfund raising(LaGanga, 2011). Constraints and assumptions have also included in thisassignment. Other than this Risk factors which can effect the activities of their events.PROJECT OVERVIEWLondon School of business and management is a leading college which offers variouscourses like business management, computing and law etc., and situated in central London.Other than this it provides graduation and post-graduation programmes. Every year they conductvarious activities from which they generate funds so as to help the needy people. This year in themonth of May they are planning to conduct marathon for raising charity funds which will begiven to people who are suffering from Autism in order to provide them better future. In thisother than Marathon they will organise events like air hockey, ring games, shooting games etc.,Purpose of the event is to collect monitory for children so as to fulfil all their needs andwants. This will includes a race of 4000m and cross country as well, every body is welcomed inthis event. For this they just have to pay minimum charges which will be directly benefited toNGOs who are working with people suffering from Autism.Constraints:There are mainly two constraints which can hinder the whole activity andthey are as follows:Resource constraints:This can be one of the main constraint which institute shouldlookout for. They cannot get resources which are required for conducting the events likesuitable sports equipments for marathon or things that are essential for small events aswell.Time constraints:The events which are to be conducted should take place on May 2018and all the arrangements to be done accordingly(Panneerselvam, 2012).Budget constraints:For this project limited funds are available.For conducting a large event, there are some constraints that needs to be lookout whichmay be hinder the whole process these are other than which are mentioned abovepermission1
fromgovernmentis one of the reputed institution, but organising event where ample number ofperson are included is a concern for the government because of which they may not givepermission for the activity. Under this scenario, college needs to take approval fromgovernmental organisation in order to conduct this event effectively. Other reason can be activeparticipation of people, they may not feel excited to participate in all these activities. Thus,project manager must make sure whatever plan he/she is making is being accomplished and£2018 is achieved(Mahadevan, 2015). They can ensure that high level businessmen donate moremoney with respect to medium and low businessmen.Assumption:The main assumption can be of receiving a huge amount of funding fromsenior level business person so that they can manage all the resources which is required for theevent to be conducted smoothly within specific time frame. This will also include the decisionmaking process by which they the whole task is completed in a timely manner.PROJECT CROSS MANAGEMENTEvery single project or plan of an organisation requires finance and funding by which allthe activities can be finished effectively and efficiently. In this context, project cost managementcan be classified into various actions an these are planning, estimating, financing, budgeting,funding, managing and controlling costs. It is mandatory for investigator to fix the cost of everysingle activity by this only he/she can find out how much the project is going to cost them.Management of cost of a plan includes sections from starting to end of assignment. In otherwords it can be understood as, expenses of forming out a plan to actual cost of project afterperforming it that lead to completion of project. Some steps of cost project management plan areas follows:Resources and analysis :This includes, many sort of elements like, raw material, time,labor, tools, techniques and etc. Here, it is project managers responsibility to evaluate a detailedplan before going forward towards set objective. This gives them overview, that how much timethis plan is going to take in completion, apart from this, it will give information that whatnecessary things that are there which will help manager in finishing up task in a short period oftime(DeMarco and Lister, 2013).Budgeting :Under this, project manager sets cost of budget of a plan. Thus, executing aplan in context of raising funds it is mandatory for executives to set cost of every single activity.This helps an organisation to allocate fund in an appropriate manner so that company do not2
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