Managing Projects

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Managing Projects
Tasks 1 & 2
6/15/2019

Managing Projects
Table of Contents
Answer 1...............................................................................................................................................2
Answer 2...............................................................................................................................................2
Answer 3...............................................................................................................................................2
Answer 4...............................................................................................................................................5
Answer 5...............................................................................................................................................5
Answer 6...............................................................................................................................................6
Task 2....................................................................................................................................................6
Executive Summary...........................................................................................................................6
Introduction.......................................................................................................................................6
Project Management Methodology....................................................................................................6
Skills & Competencies of Project Manager.......................................................................................7
Project Management Processes..........................................................................................................7
Project Scope Management...........................................................................................................7
Project Schedule Management.......................................................................................................9
Project Resource Management....................................................................................................11
Project Cost Management............................................................................................................13
Project Quality Management.......................................................................................................16
Project Risk Management............................................................................................................16
Conclusion.......................................................................................................................................17
References...........................................................................................................................................18
1

Managing Projects
Answer 1
A project is defined as a set of activities or methods that are carried out to achieve a specific
set of goals and objectives. It is a temporary venture that is carried out to achieve certain
deliverables. The activities included under a project shall be completed in a determined
timeframe and within the approved budget.
There are different types of projects that are carried out. Construction projects are the ones in
which a building or a specific unit is constructed, for example, construction of a shopping
mall. Manufacturing projects are the ones in which a product is manufactured as the end-
result of the project, for example, manufacturing of a garment. Management projects are the
ones in which a set of services and processes are managed, for example, customer
relationship management projects.
Answer 2
Work Breakdown Structure (WBS) is a tool which is used to provide hierarchical
representation of the project tasks and activities. The project activities are represented in the
form of packages and sub-packages in the WBS. For example, in a website development
project, the primary package is the project which is divided in the sub-packages in the
subsequent levels as planning, requirements analysis, design, development, testing, and
deployment packages (Ren, Xue, and Wang, 2013). The specific activities under each of
these packages are then represented in the next level.
It is important to have such a structure because the project activities and the dependency
among these activities are clarified with the aid of the WBS. The project flows also become
clear with the development of WBS for a project.
Answer 3
Project 1
Task Name Duration Predecessors
Project 1 22 days
a 3 days
b 2 days 2
2

Managing Projects
c 3 days 3
d 1 day 3
e 5 days 4
f 8 days 4
g 2 days 5
h 6 days 7
Project 2
Task Name Duration Predecessors
Project 2 19 days
a 3 days
b 5 days 2
c 3 days 2
d 4 days 3
e 5 days 5
f 4 days 4
g 2 days 5
h 3 days 7
j 6 days 9
3