Project Management Business Assignment | Managing Projects

MANAGING PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Various type of project and their reason. ...............................................................................1
2. Scope management with tools ................................................................................................2
3. Gantt chart and its critical path...............................................................................................2
..........................................................................................................................................................4
..........................................................................................................................................................4
4. various decision related with project.......................................................................................4
5. Managing success which is related to project.........................................................................5
6. Methods which are completing project on time and within the budget available...................5
TASK 2............................................................................................................................................6
Introduction about firm...............................................................................................................6
Outlining those activities which are useful for managing business. ..........................................6
Skills and competencies which is required by manager..............................................................7
Management process...................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
In this competitive world there is a huge competition in between various companies to be
on top and they are taking various step to get stable at such position. It is quite tough for business
to maintain themselves on the higher level and for such they are bringing many new things in
their working criteria so that they can earn higher profit (Cusworth and Franks, 2013). Therefore,
there are various approaches and planning which has to be taken care in right prospect so that
firm can bring a effective decision and strategy to fight with competition in market and can earn
higher productivity as well. The report is based on TSK bearings limited, which is automotive
industry and starting doing trading in year around 1980. Hence, the assignment is going to
discuss about scope management and Gantt chart, and changes in management plan what
measure would be taken to complete the task on time.
TASK 1
1. Various type of project and their reason.
It help to make the things in right prospect so that chances of getting success can be
achieved. Although various project which is being opted by the company are as follows:
Construction project: Therefore, it is a responsibility of manager to determine the
project and the place where they can construct and target the person in right contrast. project
construction can be there with help of manufacturing tool and new and various appropriate
technology.
Recruitment and selection: Hence, to manage the various section of business a proper
workforce is required who can work in right manner. There are various places in company which
is blank and required to have a potential person to be there to manage the work in effective way
(Kandelousi, 2011).
Manufacturing: Firm has to produce the quality product and service so that the work can
be done in right format and this will lead the success of the company. To have an effective
working company goes to buy new technology a1. Various type of project and their reason.

2. Scope management with tools
Scope management is such which is being utilised in order to develop and manage the
project in right contrast(Pryke and Smyth, 2012). It is required to determine the scope of working
so that it can be easily promoted and this can be taken as various tools and sub division of scope
of work and it can be defined as:
 Planning scope: In this criteria of scope the planning is stated in correct format so that it
can create a base for working in proper manner.
 Project division: Although in this the project available with the company is being
divided into various division so that effective and time completion work can be there and
this has to be done in appropriate manner.
 Verification: Therefore, the verification has to be made in company so that proper
working can be there and it is also required to verify the essentials properly.
3. Gantt chart and its critical path.
Project Gantt chart is very required concept in organisation as because with this large and
complex project can be understood and appropriate can be done in company. For the effective
evaluation of work it is required to divide the work into various department so that work can be
completed on time and in appropriate frame as well. Although the Gantt chart helped the
company to make a evaluation of date and time schedule all such properly so that time allotment
for every work can be measured. Those task which is taking more time to get completed needs to
be taken special care for such work and needed to create effective and efficient policy and
procedure so that most time taken task can take minimum time frame to get completed (Lin and
Chen, 2012). Moreover, critical path is that which will help company to know which one is
longest and shortest path for working in organisation.
Name of activity Number of days Predecessors
A 5 days
B 7 days 1
C 6 days 1,2
D 4 days 2