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BUSINESS AND LAW INTRODUCTION 1 TSK 11

   

Added on  2019-12-28

16 Pages4109 Words351 Views
BUSINESS AND LAW

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Key characteristics of any project...........................................................................................12. Scope Statement for a project and role of Work Breakdown Structure..................................13. Full project Gantt chart and identification of critical path, days taken to complete theproject. ........................................................................................................................................14. Approaches exist to generate budget.......................................................................................25. Reasons for risk to arise and various responses taken in order to overcome them.................26. Quality method that will be used in the project......................................................................3Task 2...............................................................................................................................................4Skills and competencies required by the Project Manager.........................................................4Project management process.......................................................................................................5Project life cycle..........................................................................................................................9Processes:..................................................................................................................................10Leadership.................................................................................................................................10Ways to control problems.........................................................................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13

INTRODUCTIONBusiness can be determined as the process through which management develop activitiesthat are helpful enough to raise the sales and profitability. Further, there are different set of lawsthat are being developed by government that need to be considered and when these are notfulfilled, then it is enforceable by law (Alaranta and Mathiassen, 2014). Present report is dividedinto two different part. More specifically, first is about project development. Second part is basedon case scenario of John. TASK 11. Key characteristics of any projectProject can be determined as the collaborative or individual process who intent todevelop plan with the help of which desired goals can be achieved. There different type ofcharacteristics in a project which are as follows:Scope: It explains the things that will be covered with the help of project. Resource: These are elements through which project is complemented (Power, Fogartyand Provost, 2014).Time: To complete the project, activities are developed and for each of them time isdetermined that has to be completed.Quality: This is the deviation or spread that is allowed from maintaining the standard.Risk: These are the barriers that falls on achieving each of the activities in project(Shiroyama and Kajiki, 2016). 2. Scope Statement for a project and role of Work Breakdown StructureScope statement is a tool that is helpful enough to outline deliverables of the project.Further, it also identifies assumptions and other related success factors. On the other hand, WorkBreakdown Structure in a project is helpful enough to break down the project in to different andsmall components (Meddings, Byrne and Locks, 2014). Further, it can be derived to be the keyproject deliverable that enables to organize work among different members. 3. Full project Gantt chart and identification of critical path, days taken to complete the project. 1

The red path is critical one and it need to be completed on time or else the cost willincrease.4. Approaches exist to generate budgetBudget plays vital role in order to determine the activities that will be covered in theproject. In this context, there are different type of aspects that need to be considered in todevelop project. With this respect, it includes project sales in order to develop budget period.This is based on the estimation. In case the estimation made is not appropriate, then it affects theproject in the future (Korbee, Mol and Van Tatenhove, 2014). Further, it includes direct cost, itconsists of cost of materials, components that will enable to make the supply or product theservice. In addition to this, it is also important to make sure that fixed cost that will be incurredin the project. 5. Reasons for risk to arise and various responses taken in order to overcome themThere are different type of issues or risk that is faced when project activities areconducted. In this context, below given are some of the reasons due to which risk arise:2

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