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Risk management is a major component of successful project management. From our in class discussion I learned that risk managers alone is at a huge increase in demand because of the importance to companies. The risk management factor can majorly affect a projects success. Both internal and external factors need to be addressed as well as the probability and impact that certain risks could have on a particular project.
Organizational structure and culture has a very large bearing on project organization and planning. The organizational structure has a major influence on how the project will be most efficiently run. Is it a large company with many layers, or a smaller company with a reduced amount of layers and many having the ability to make decisions. We learned that the best structure balances the needs of the project with the needs of the organization. This can often be challenging when PM's get tunnel vision or management doesn't understand the unique need that the organization has for a particular project.
The final significant factor I am going to touch on is scheduling resources and costs. This in depth process can take a team of individual's weeks with many factors in laying out the plan of shared resources, budgets and time constraints. We have to remember that estimates are not a budget but are helping the project manager plan. As well as the resources are not a schedule until they have been assigned tasks
Explain the process you would use to close a project.
You are the project manager of a leading textile engineering company. The company opened its door in year 2000. Today, after 13 years of existence, it is being challenged with a loss in profitability approximating a 65% loss in net revenue
What are the principles of the AICPA Code of Professional Conduct? What sorts of actions may be considered legal, yet unethical?
Provide a well written answer of not less than 200 words to the following. Weaver Mills Co. in Country F contracted to purchase 100,000 yards of jute from Natural Fiber Co. in Country G at US$ 0.64 per yard. Natural delivered 22,228 yards
Which of the 4 manufacturing quality dimensions are most likely to improve revenue?
You have been assigned to a new and important project for your company. How would your management style differ if your project was being done in a functional organization verses a pure project environment?
How does the Work Breakdown Structure differ from the Project Network (Diagram)?
You are required to submit a written assignment relating to New Product Development.
Determine what leadership steps you would take to enable you to achieve this across the different time zones and cultures. What conclusions can be drawn?
Discuss the importance of strategic alignment in project management.
What is the five-layer behavioral model? What are some other models that can assist in team building?
Also, speculate the deliverables you would provide if you are working on the project.
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