Managing Projects - Report

Managing Projects

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Characteristic of a project...................................................................................................1
2. Scope, role of Work breakdown structure in the project....................................................1
3. Gantt chart and critical path...............................................................................................2
4. Approaches to generate budgets.........................................................................................3
5. Risk associated with project...............................................................................................3
6. Quality methods to ensure a project ..................................................................................3
TASK 2............................................................................................................................................4
Report.....................................................................................................................................4
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
A Project is a specific, immanent task, undertaken to achieve planned aims and objectives
that can be determined as output, results or advantages. A project is viewed as successful if it
attains the objectives as per their acceptance criteria, within allotted time period and budget. For
this, project managers are needed in every organisation (Anantatmula and Thomas, 2010). As a
manager we might perform our work on small and large group with task duties that reach from
fund and time only to everything we believe of under the operational part. It also contains
various aspects of projects like work breakdown into small unit to get better result in future.
TASK 1
1. Characteristic of a project
Project: It is said to be organised set of tasks to be dead over a definite period of time
and within certain costs and limitations.
Characteristic:
 Unique: Any project is unique in nature, as there is always changes in each project. The
design are slight different, owner might be changed .
 Cross-functional: It is a kind of group with various operational departments working
toward a common goal. That, it include finance, marketing, operational and human
resources.
 It has definite start and end point : Every project has certain opening and closing point.
 Uncertainty: As projects are unique they bring uncertainties because we are not sure that
it should work or not (Artto and Kahkonen, 2013).
2. Scope, role of Work breakdown structure in the project
Project scope statement is understanding of the scope of a project which includes various
aspects which are required to complete deliverables. It includes purpose and justification, scope
description, Project strategies, project constraints and its assumptions. Any happenings must be
identified and made changes prior to implementation.
Work breakdown structure: It is said to be division of work into small units to get
more accurate and reliable results from a project.
1