Cmi Level 5 Unit 5009 Project Development and Control Essay

4787 WordsMay 19, 201520 Pages
Project Development and Control (Unit 5009) By: AJS Tutor: AM Table of Contents Introduction 2 Task 1 2 Describe the component stages of a project 2 Define a project lifecycle from conception to commissioning or hand over 3 Assess where projects fit in operational management activities 4 Task 2 5 Discuss standard approaches available to manage projects 5 Describe the process of developing an effective project management environment 6 Discuss identification of and communication with all project stakeholders 7 Identify the fundamentals of a business case to support a project 8 Task 3 8 Design a project plan to achieve a specified objective 8 Identify the financial components including a risk appraisal, which need to be developed for effective project design and control 9 Task 4 9 Construct a monitoring and review strategy for the project that assesses the impact and achievement of the project 9 Summary 10 APPENDIX 1 11 APPENDIX 1 14 References 14 Bibliography 15 Introduction The Oxford English dictionary describes a project to be; “an individual collaborative enterprise that is carefully planned to achieve a particular aim: ‘a research project’ ‘a project to build a new power station’, ( where as PRINCE2 (Projects IN Controlled Environments) describes a project as; “A Project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business Case”, ( Both definitions although slightly different, will aim to achieve the same thing, one or more ‘outputs’ that are delivered in a planned and controlled manner. This is a key consideration for any organization whether they are small with just a couple of employees, right through to being a multi-billion pound conglomerate as costs and profit margins are important for any

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