Organizational Structure for Companies

Running head: QUESTIONS
Questions
Name of the Student
Name of the University
Author’s Note:

1
QUESTIONS
1. Two Organizational Documents or Resources for defining Project Parameters
Two distinct and important organizational resources, which define project parameters
of time, cost, quantity and quality are capital and manpower.
i) Capital: The first and the foremost organizational resource is capital. It is a major
term for financial assets like funds that are being held within the deposit accounts as well as
distinct funds gained from the specialized financial sources (Meredith, Mantel Jr and Shafer
2017). It is even being associated with the capital assets of any particular organization, which
needs proper amounts of capital as well as finance for subsequent expansion. This capital
could be held through different financial assets and then raised from the equity or debt
financing. This particular organizational resource is majorly responsible for defining the
project parameters of time and cost. The entire cost of the project should not exceed the
budget. Moreover, if the project exceeds its deadline, there would be an increase in the
project capital.
ii) Manpower: The second important and significant organizational resource is
manpower. This manpower could be referred to as the total number of persons that is needed
for completion of a task and would be assigned to an activity. It is even recommended to
create as well as allocate the lowest number of resources to these activities (Mir and
Pinnington 2014). This specific organizational resource is required for maintaining a proper
quality of the project, after consideration of the fact that accurate people are associated with
the work.
2. Selection of One Document or Resource with process of defining Project Parameters
Amongst the above mentioned organizational resources of capital and manpower, one
of the resources that is responsible for defining project parameters in the most effective
manner is capital. Project capital should be proper and adequate, so that each and every phase

2
QUESTIONS
of the project work could be eventually executed without any type of complexity (Walker
2015). This capital comprises of different assets, which could easily enhance power of one
project for performing economically useful work. The capital assets are certain business
assets that are being found in either the long term or short term portion of the balance sheet.
These capital assets could also involve cash, storage facilities, production facilities,
manufacturing equipment and cash equivalents. These are needed for ensuring that the
project parameters are well defined without much complexity. An adequate project capital is
required for being sure that the project is being executed as per planning as well as within
budget and quality (Kerzner 2017). Project capital is also responsible for getting accurate
quantity of the project outcomes.
3. Two Questions or Two Considerations of a Project Manager
A project manager comprises of several responsibilities or duties in any specific
project work. The project manager is responsible for understanding the respective progress of
the work. He or she has to consider two vital aspects in a project and these are provided in the
following paragraphs:
i) Project Plan: The first and the foremost aspect that is to be considered by the
project manager within a project is the project plan (Heagney 2016). It is a formal approved
document that is being utilized for guiding project control as well as project execution. The
major uses of this project plan include planning of documents and then taking proper
decisions, so that proper communication is facilitated within the project stakeholders. The
project manager has to check if the project is being executed as per its planning.
ii) Time Management: The second significant aspect that is to be considered by the
project manager within a project is time management. It is the major methodology, which
helps in organizing and planning the process of spending on specified activities. Adequate