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Project management for business INTRODUCTION 1 TASK 11 1.1. Project management for business

   

Added on  2020-06-06

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Project management forbusiness
Project management for business INTRODUCTION 1 TASK 11 1.1. Project management for business_1
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................11.1. Project management cycle:..................................................................................................11.2. Develop the success and failure criteria:..............................................................................21.3 Resources Management and resources which are needed for construction of the building:.21.4 Stages covered during process of closing down the project and covering post projectappraisals:....................................................................................................................................3TASK 2............................................................................................................................................32.1. Determining an effective organisation structure, roles and responsibilities:.......................32.2 Control and coordinate a project:..........................................................................................52.3 Needs and qualities of the project leader:.............................................................................52.4 Plan and emphasis the human resources and requirement for a project:..............................6TASK 3............................................................................................................................................63.1 Project Plans and frame the project firms:............................................................................63.2 Project scheduling, forecasting and cost control techniques:................................................83.3 Methods to measure project performance.............................................................................13.4 Project Change Control Procedures and Project Evaluation.................................................1CONCLUSION................................................................................................................................2REFERENCES................................................................................................................................3
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INTRODUCTION Project Management is a fix activities which are executed to attained the set objectives.These activities might be using of the processes, methods, talents, experience and diverse kindsof effective knowledge. This report is totally relied upon the fundamentals of the projectmanagement and after that the soundness of the project for knowing its sustainability. Thisassignment would elaborates the practices of the project management and after that the projectfor its validity or reliability (Kerzner, 2013). This report would identify the most recognised formof firm's structure and processes henceforth the project could be completed in an effectivemanner. Performance management would implemented on the project for more qualityemergence. This report would identify the project change control processes. This report woulddetermine the project control processes which are made on the project in business processing ofA2Z construction.TASK 11.1. Project management cycle:Project management correctly said that the project planning, coordinating project andcontrols the project from introducing till finishing of the activities. Srymax-London Builder Ltdcompany is required to have an effective project management cycle that are required to beadhered by the organisation. As, project management life cycle could help the organisation forlimiting the project concentration, keeping its pre-set objectives for finishing the project on time.Every project management life cycle covers fiver major steps which contains: Initiation,Planning, Execution, Monitoring and Closure. These are defined in details:Initiation: This renders overview of the project apart from that the strategy company is planningby way attaining the desired outcomes. At the time of initiation phase, there is a need to appointthe project manager who by using his personal skills, appoint his team members effectively.Planning: This is the second step which can be used by the organisation in order to implementthe PMP in an effective manner. This covers a detailed breakdown and assignment of eachactivity of the project from introduction to the end. The planning phase would contain risk1
Project management for business INTRODUCTION 1 TASK 11 1.1. Project management for business_3
identification in addition to identifying the criteria which are required to be sucessful completionof every task.Execution and control: These steps assures that the project activities are effectively performedand controlled. At the time of execution and control phase, planned answers are used in order toresolve the issues during project requirements.Closure: Project manager must need to have less things in order to assure that the project isintroduced to its adequate conclusion. The Closure phase is normally highlighted by the writtenformal project review report that covers the following factors. A formal acceptance of the finaloutput. Srymax-London Builder Ltd protect the time and maintain on the team focused. Fortunately,modern tools renders various templates which would emerge from the beginning to the finalconclusion.1.2. Develop the success and failure criteria:YearCash flowPV@5%Present Value0-1,500,0001-15000001500,0000.952380952476190.47622400,0000.907029478362811.79143450,0000.863837599388726.91934550,0000.822702475452486.36115400,0000.783526166313410.4666Total PV1993626.015NPV493626.0146IRR11%From the above mentioned report, this can be rightly said that the project have outflow of1,500,000. while the present value of cash inflows are 1993626.015 which is much more than thepresent value of cash inflows. While the internal rate of return is calculated 11%.NPV: This stand for the net present value which reflects that if the npv is positive thenthe project is to be accepted but if it goes negative then the condition become totally oppositeand the project will not to be considered. hereunder in the cited case, which shows the positivefigure hence the project is to be considered. It is calculated by using: Present value of cash inflow- Present value of cash outflowIRR: This stands for the internal rate of return which states the point where the NPV becomeszero. in other words, this is situation where present value of cash inflow is equal to the presentvalue of cash outflow. this is calculated by using:2
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