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Project Management Assignment Solution - ABC limited

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Added on  2020-10-23

Project Management Assignment Solution - ABC limited

   Added on 2020-10-23

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MANAGING PROJECTS
Project Management Assignment Solution - ABC limited_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Key characteristics of project.............................................................................................12. Scope statement and WBS..................................................................................................13. Gantt Chart and critical path...............................................................................................24. Approaches existing to generate budget.............................................................................25. Project risk..........................................................................................................................36. Quality methods..................................................................................................................3TASK 2............................................................................................................................................3Activities required to successfully manage the project of acquisition...................................4Skills and competencies required in project manager............................................................5Skills and competencies require in project manager..............................................................6CONCLUSION..............................................................................................................................10REFERENCES................................................................................................................................1
Project Management Assignment Solution - ABC limited_2
INTRODUCTIONProject management can be defined as an application of process and principles that assistin completing or managing project significantly. Time, cost, scope and quality are the keycomponents of project management. ABC limited is a small size firm which adopts traditionalmethods of managing records (Ika and Donnelly, 2017). Now, entity is planning to implementSAP FIC (ERP) for managing accounting records effectively. Current assignment will discussthe key characteristics of this project. Furthermore, it will explain approaches that exist togenerate a budget. It will describe the quality methods to ensure that proposal is completedsuccessfully. In addition, study will include the project life cycle stages, leadership andadministration aspects that can support in accomplishing goal of company by implementing thisnew system. TASK 11. Key characteristics of projectIn the modern era, companies are taking support of advanced accounting software so thatthey can minimize errors and can enhance accuracy in transactions. SAP FIC (ERP) is a kind ofsoftware that aids in keeping electronic records and identifying errors in financial transactions.By this way, issues related to duplication of work can get minimized to a great extent (Khan andFaisal, 2015). Key features of this project are described as below:Technological advancement is helpful in minimizing the mistakes.SAP FIC (ERP) implementation is beneficial to respond to the changing needs of market.This aids in making sound financial decision and meeting with the needs of consumers.Progressive elaboration is another key characteristic of this project that can assist infinding effective solutions (Marciniak and et.al, 2014). 2. Scope statement and WBSImplementation of SAP FIC (ERP) would be beneficial for ABC Company because bythis way, it would be able to enhance accuracy in transactions. This will help in gainingcompetitive advantage to the business. Furthermore, it will also be profitable in reducing costand managing inventory well (Ifinedo and Olsen, 2015). This will minimize the cost of overstock and assist in increasing profitability of company. 1
Project Management Assignment Solution - ABC limited_3
Illustration 1: Work break down structureWork break down structure will play a significant role in this project. The main agenda ofWBS is to reduce complications and defining scope of project. By this way, project manager cansub divide the tasks and can complete project within specified budget and time. This will help inmeeting with the goal of organisation (Ika and Donnelly, 2017). 3. Gantt Chart and critical pathTask ModeTask NameDurationStartFinishPredecessorsAuto Scheduleda5 daysTue 6/19/18Mon 6/25/18Auto Scheduledb4 daysTue 6/26/18Fri 6/29/181Auto Schedulec2 daysMon 7/2/18Tue 7/3/1822
Project Management Assignment Solution - ABC limited_4

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