fortunate to be involved in project management roles at the ministry. This gave me a fascinating insight into the challenges that confront project managers – risk management, contracts, project initiation, planning, financial management, socio-cultural effects on schedule control and environmental sustainability. In my experience, in almost all cases, the success or failure of most projects undertaken by the ministry depended largely on the personal involved in the project execution,…
The Orion Shield Project is a project created to develop a stronger new stronger and durable material that can extend the lifecycle of the rocket Shuttle Launch Booster. For this specific project, Gary Allison a former Project Engineer at Scientific Engineering Corporation (SEC), was appointed as Project Manager after graduating with a Ph. D. in mechanical engineering. Gary thought he was ready for the new position and assignment, but the reality was different. He encountered several…
Budget The estimated budget for the Acme de México project is USD $52,534,464 / MXN $ 86,122,072. The budget includes all costs associated with construction, labor, inventory and overhead for the duration of the project and the first year of operations, with the exception of inventory cost assumptions, which are for the initial stocking of inventory. Within this budget lies a contingency fund of USD $5,614, 851 / MXN $9,204,674. The contingency accounts for a 20% reserve on construction costs…
organization. Top level to frontline is represented on the team to give a comprehensive understanding on the project. Every level of management has its unique purpose. Project information and strategy will be passed down to the organization through the project team. VP of Products: At the top is the VP of Products. He was chosen because his position has the authority to approve the project requirements and…
Project Governance. This activity defines the PMO structure because it is during this activity that the organization determines whether the PMO will function in a consultative role or as a centralized entity. If the former, the project manager uses the PMO as a consultative resource; if the latter, the project manager is essentially on the PMO staff and is assigned to projects as they occur. The key to establishing an effective and efficient PMO is the charter for its operation. The charter…
explain what the purpose of the project will be, costs associated with this and the benefits behind the project e.g. financial savings. To create a business case, often organisations have a template that they require you to utilise ensuring that you capture all needed information and enforce structure. Once this has been completed, this is given to management / managers who then read through the business proposal and examine the feasibility and benefits behind the project to allow them to…
A small business that is planning to expand its internal and external operations, to meet current customers’ demands. This would require hiring additional staff and purchasing new machinery. I am the project manager of a team tasked with carrying out this organizational transformation. The first thing that I would do to start the process of carrying out the organizational transformation is, to share the news with the organizational/employees. People are afraid of change, by telling them what we…
deliverables. • Time management– Records the time spent by staff on the venture. Time is a rare asset and once lost is hard to get back. • Cost management– expenses and costs caused on the project are recognized, recorded, endorsed and paid. This is by means of cost structures and other task use frames identified with project expenses. • Quality management– This is a control procedure including physical and administrative procedures to guarantee both the adventure and the last item meet or…
In this project, OBS shows the organizational relationships of Moss Landing project and utilizes them for assigning work to resources in the project. This allows an at-a-glance look at the Moss landing project’s organizational resources structured in a hierarchical manner. The following is an organizational chart of Moss Landing marine laboratories aquaculture lab project. Figure 2. Moss Landing Project’s OBS Data Collection Data Collection. Data collection is one of the most important steps…
Briefly describe the PMI Project Processes and Knowledge Areas and explain why they are important. Where do you think most failures occur in the five-phase life cycle of a project? 1. Describe the five project processes in correct sequence The first project process is Initiating. Initiating the project involves either starting a completely new project, or a new phase. The project manager and the team must determine the project’s scope. Stakeholders should be identified in this process and…