SIM335 Managing Projects Assessment: A Comprehensive Report

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SIM 335 managing project assessment
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Table of Contents
Introduction......................................................................................................................................3
Task 1...............................................................................................................................................4
Define the key characteristic of any project.................................................................................4
List and briefly explain the five key stages in project management?..........................................4
What is the purpose of the project initiation document? List the three items that could be found
in PID...........................................................................................................................................5
List the nine business areas in project management and briefly explain the importance of any
two................................................................................................................................................5
List five attributes or characteristics of a project manager and briefly discuss or explain the
importance of any two of them....................................................................................................6
Who is a stakeholder? Briefly explain the purpose of stakeholder analysis and why it is
important in Project Management................................................................................................6
Draw the corresponding network diagram and show the critical path.........................................7
Task 2...............................................................................................................................................9
Conclusion.....................................................................................................................................14
References......................................................................................................................................15
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Introduction
Product management assessment is an essential key business driver which is useful to make high
quality and powerful results. The requirement of making changes in the process and operation
depends on the severity of the project. The uniqueness and specific goals of the project
management make it very significant and essential in the business organization. The project
management is basically a contract basis or one-off activity because it depends on the contractor
or investor. The requirement of keeping up with project management is vital in the business
organization by reducing cost and its cost and time. The project management is constituted by
managerial hierarchies and leader in the organizations but the investing and expenditure depends
on stakeholders. Bring new stakeholder is very necessary activity in the project management in
order to give direction to the existing project or mission. The execution of project management is
as important as involving other business activities in a business enterprise.
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Task 1
Define the key characteristic of any project
The project refers to an opportunity for any business organization to develop the performance
and potential of its workforce (Kerzner and Kerzner, 2017). Project management assists in
making changes according to the expectations.
There are several key characteristics which showcase how it is important in the appreciation of
projecting the mission or task such as:
 Temporary: This is the key characteristic that signifies every project assigned to the
management for successful accomplishment has a finite start and finite end. The time
starts when the management team understands the concept of the project in order to
complete it timely.
 Unique delivery: Any project operated by project management has a distinctive
deliverable. These deliverables can be in any form such as products, services or any other
outcome.
 Progressive elaboration: The progress of a project and continuous investigation and
research is a good sign of progressive elaboration (Larson and Gray, 2017). This practice
enables high quality and strong results.
List and briefly explain the five key stages in project management?
The arrangement of sufficient resources to putting the plan into the action the identification of
basic requirement is very important to operate or execute the project and complete successfully
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(Kerzner and Kerzner, 2017). There is a systematic process of projecting the mission and
produce high-quality results. The process is as follows:
 Project initiation: Project initiation is the first stage of the project life cycle where the
valuation and feasibility of the project can be measured. It appreciates additional benefits
or advantages to project management.
 Project planning: Once the project approved by the management to force and
administrate, the determination of planning is another stage where the effective plan
made how to execute the project in an effective manner with less time and cost.
 Project execution: The execution of the project according to the desired plan is very
essential activity. The execution depends on the strategic implementation of plans. The
establishment of productive deliverable.
 The Project control: Team close the project or mission once completed because in order
to prevent time effective control is very important in the successful accomplishment of
projects. The vigilant process makes the project work smoother.
 Project closure: This is the final step of this project process. The team delivers the
project once they successfully deliver the project. The important steps that allow the team
to monitor or record the project and forward to the next level.
What is the purpose of the project initiation document? List the three items that could be
found in PID.
Project initiation document is the most essential component in project management that
establishes a foundation for a business enterprise’s project. Project initiation document is a
concept that allows the management to use methods that focus on success or failure aspects or
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criteria with the projects. There are several components have been identified in order to
implement effective project initiation document. In between the three of them are as follows:
 Documents: it refers to the logical references that are part of the project initiation
document. The documentation from which the project initiation document is composed
where the business case found project justification.
 Composition: The project composition can be done on the basis of collective data and
information that include several factors which need proper identification like what do
they want to achieve and what are the objectives. The consideration of size and severity
of the project so that the team can arrange themselves accordingly.
 Goals: The primary step of getting involved in any project is setting up goals and
objectives. Though every the objective can be different. Setting up the objectives forms
different methods to manage and evaluate the success of the project.
List the nine business areas in project management and briefly explain the importance of
any two.
There are a few areas that control the overall operation of project management very effectively.
There are various complexities and conflicts that can be the biggest threat or difficulty in the
successful accomplishment of the project but there are several project principles that can prove
helpful. These areas are as follows:
 Project integration management
 Project scope management
 Project time management
 Project cost management
 Project quality management
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 Project human resource management
 Project communication management
 Project risk management
 Project procurement management
Out of these, there are two major areas which participate in project management more actively
those are as follows:
Project human resource management: The area in project management which is often ignored
or neglected by the people is human resource management. The arrangement of resources and
allocation of resources can be done with the help of human resources management.
Project risk management: The projects under effective risk management are less failure and
more successful. Risk management assists the project management to analyze the risk in an
effective manner that could help the management to prevent small risks into large risks.
List five attributes or characteristics of a project manager and briefly discuss or explain
the importance of any two of them.
The project managers hold specific and unique leadership or managerial qualities at the
workplace. They require certain character traits and necessary qualities. The idea of bringing the
qualities of a good project manager comes from their own (Heagney, 2016). There are five most
important qualities that make brighten a project manager as follows:
 Inspired a shared vision
 Integrity
 Possess leadership skills
 Good decision maker
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 Task delegation
Out of these, there are two most important variables that affect other factors or interrelated
factors such as:
Task delegation: Task delegation is the skill or activity which needs proper identification in the
processor operation. This is the most crucial function in project management as the manager
delegate’s responsibility to their subordinates.
Integrity: The most important aspect of a project manager is to keep all the factors in mind and
maintain work ethics at the workplace. It helps them to work with their actions rather than their
words. Good management indicates its demonstration of good ethical practices.
Who is a stakeholder? Briefly explain the purpose of stakeholder analysis and why it is
important in Project Management.
The stakeholders are the persons or a group of people who are responsible for releasing good
impacts on project management results. A bunch of people involved in transforming the incepted
project into successful completion (Hornstein, 2015). The effective direction under a stakeholder
always gives higher productivity as well as strong profitability.
It is very important to identify the stakeholders who are they in the project and what are the role
they play in the project such as:
 Project leaders
 Senior management
 Project customers
 Resources managers
 Contractors
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 Investors
 Subcontractors
 Consultants
Enforce process: The expectations of the projects are always high and the stakeholders are
responsible for meeting the expectation according to the resources and with the help of their
strategic planning.
Dispel myths: It can be possible that the stakeholders involve in the more than one project but
that doesn’t mean that they are using same strategies or assuming the projects as equal to others
(Hornstein, 2015).
Draw the corresponding network diagram and show the critical path.
Critical Part: a-b-c-g-e
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Task 2
The London skills concern is very much in the task to introduce an information system that will
provide help for the smooth operation and function of the company in context of the employees
and managers. It has been found out the information system earlier used was not that affective
and hence it has not been floated that perfectly in the departments. Hence there is a need for a
new system which can float the information more wisely throughout the London skills Concern.
The new system will provide a good application and understanding with the decrease in the total
face to face contact in floating the information in the social media context. This new information
floating system is a very hybrid form of sending or sharing information throughout the
organization (Andersen, 2016).
This report completely discusses about what this new system of information would be helpful.
There are total 5 different stages of information and hence these stages should be analyzed
thoroughly. This system of information also used to develop some kind of effective awareness
among the employee of the organization. This report ultimately will analyze some of the major
things in the business and organizational context with the provided project management
strategies.
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Project development and management
This project mainly focusing on the strategies which are been discussed to achieve the goals
which are set for the organization. There are many teams formulated to make arrangements and
support to achieve the objectives set for the company. The particular project is been maintained
and handled at every stage of the project management to achieve the set goal. This report will
show the different type of outcomes and data which should be analyzed. There is a total of 5
stages of project management which have to be followed in order to understand the objective and
achieve it.
The project which has been undertaken been helped by the different stages on which project
management works. There are many levels or stages in the project management which enhances
the information system of the London skills concern. As the project manager, there are some
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rules and regulations which should be implemented for achieving the mentioned goals or
objectives.
Five Project life cycle stages
A project can be defined as the number of tasks in a combination of a scheduled and format to
achieve the objective. The project tasks can be completed in different ways or paths to fulfill the
ultimate goal. There are various stages or levels which involved in the project management
which can enhance or development of management process to achieve the objective for London
skills concern is been further discussed (Rolfe, 2016).
Project initiation
It is the very first step for the development and enhancement of the task given. There is a need of
the project managing and administration, the project initiation is the first step to complete that
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