Managing Projects Assignment Solved

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Added on 2020-11-23

Managing Projects Assignment Solved

Added on 2020-11-23

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Managing Projects

Table of ContentsINTRODUCION..............................................................................................................................1TASK 1............................................................................................................................................1Question1: Core characteristics and principles of projects and its importance......................1Question 2: Scope statement for a project .............................................................................2Question 3: Gantt chart and critical path................................................................................2Question 4: Source in developing a project budget ...............................................................4Question 5: Development of risk strategy for a project ........................................................5Question 6: Quality methods .................................................................................................5TASK 2............................................................................................................................................6CONCLUSION .............................................................................................................................11REFERENCES................................................................................................................................1

INTRODUCIONA project refers to a set of activities developed in such way that needed objectives can beattained. Managing project is refers as a practice of planning, initiating, executing, closing andcontrolling the work of a group to accomplish particular goals and meet specific success criteriaat the particular time period. A project is a impermanent endeavour planned to produce a newservice, product or output with an outlined beginning and ending seized to meet uniqueobjectives and goals (Boutros and Purdie, 2014). This report divided into two task in one part itincludes, scope, importance, principles and characteristic of project. In order to develop project,manager face different risks and in order to overcome this they use quality methods which is alsoinclude in this assignment. In second part, report is based on Wroxham, it is a boat buildersdesigns and builds motor launches for the leisure sector. This task includes competencies andskills of project manager, project management process and many other useful aspects. TASK 1Question1: Core characteristics and principles of projects and its importanceA project may range from a some days to fewer months or even years relay on themeasure of work concerned. Planning of any project is important for the each and everycompany to complete their all activities in given time, resources and fund. There are some corecharacteristic and principles of projects which are determined under as: Core characteristic/Principles of projects:In nature project is temporary that has defined start and end time period. Project will have a better set of necessitate that require to be transferred within the limitof this project.Projects always cut crosswise the daily organizational structures and lines within anorganisations for the purpose of fulfilment of the objective formulated.A project is an effective process of working with aim to achieve a goal and objectivewithin predetermined period of time (Devaux, 2015). A project is an ad hoc business of staff, equipment, facilities and material that is placetogether to achieve a goal.Importance of project principles or core characteristic in Projects: Consideration ofproject characteristics help in determining the strategies which help to collect feedback from theemployees or customers. It also beneficial in completing each and every activities in given time,1

money and resources. Project characteristic is also important in maximising sales and revenuesas well as assist in gaining competitive advantages within predetermined time period as itfacilitates timely completion of tasks/projects. Question 2: Scope statement for a project There are different points which would be included in the scope statement for a project.Some are determined as under: Justification: A detail statement about the company need its project address. Forexample: a more brief discussion of the consideration for the project happen in the task chapter.Product scope description: The quality of the service, products and results of businessproject will produce. Acceptance criteria: The situation that musty be relate before task deliverables areacknowledged. Deliverables: The services, products and output of specific project will produce as wellas also bring up to a objectives (Dutta and Bose, 2015). Project exclusions: Evidence regarding what the task will not attain or produce. Constraints: Limitation that extent what business can attain, when and how they canaccomplish it, and how much attaining it can cost. Assumptions: Statement regarding how company will address unsure data as they plan,perform and conceive its project. Question 3: Gantt chart and critical pathGantt chart: It is essential tool which is follow by the company to identify the timeduration for their project. This tool is important for the organisation to identify their opening andending time period. Critical path is a project modelling tool which is effective and significantwhich is useful for the business to complete their function and activities effectively andefficiently. 2

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