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”, (www.prince2.com) 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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