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Managing Projects of ABC Plc firm : Assignment

   

Added on  2020-07-23

12 Pages3849 Words58 Views
MANAGING PROJECTS

Table of ContentsTASK 1............................................................................................................................................31. Projects crucial characteristics................................................................................................32. Scope Statement and Responsibility of Work Breakdown Structure(WBS)..........................33. Gantt chart...............................................................................................................................44. Budget preparation approach which exists.............................................................................55. Project risk and action which are taken within project management as response...................56. Quality method ensuring project is completed successfully...................................................5TASK 2............................................................................................................................................6CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12

INTRODUCTIONProject can be defined as the activity prepared by the companies or individualscomprising of tasks and is basically the road map defining goals. There are aims and objectiveswhich organizations wants to achieve so they make projects. . There can be business as well asnon- business objectives and projects of every organisation can vary depending upon the type ofwork that include process, task and procedure. So companies should build a team who canmanage projects and this assignment will be dealing with different ways through which acompany can manage projects (Andersen, 2010). For this entire assignment, ABC Plc firm hasbeen selected which is UK's largest company in food and drink retailer sector. The organizationis going to acquire DEF Ltd which deals with street frozen food and the project manager is giventhe duty of managing the resources, elements and budget of the company for acquisition.TASK 11. Projects crucial characteristics.When a company wants to achieve particular goals, they prepare a project. This can betemporary, unique and progressive attempt so that they can come with some kind of tangible orintangible results. Following are the characteristics of a assignment:- A project is for the customer – Usually plans are made for the customers. Whatever project isprepared by the company has a aim of satisfying and attracting the consumers through theactivities or strategies mentioned in the assignment..Starting and Ending Point:- It has a time limit in which it will initiate and will terminate atpoint. This will start by implementing the strategies or elements of the project in business andwill end when the target goals are achieved or when the manager thinks that now project cannotlast longer.Requirement:- It has a unique set of requirements which to be satisfied by a material, design,product or service. Once off Endeavour:- A single project cannot last longer or does not prove to be beneficialevery time because demands and environment of the business changes frequently.Cross Functional:- Project can be used at different places or can be functional at differentplaces.

2. Scope Statement and Responsibility of Work Breakdown Structure(WBS).It is a statement which aims at identifying scope and target which a company wants toachieve in a particular time period (Chen, 2011). Project Manager at ABC Plc should identifyareas where people requested scope but it was not approved to be included in the project. ProjectScope Statement include product scope, deliverables, constraints and assumptions. Companyrequires a Work Breakdown Structure (WBS) which is essential for managing a project and itshows the complete scope of the project broken into manageable deliverables (Cooke-Davies,2011). It is important because a project will take more time if WBS is not made and themanagers may also miss some important activities without it. Mangers through this will easilybreak the work or task into smaller packages. 3. Gantt chart.

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