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
A good _________ enables an accounting manager as well as auditors to follow the path of the data recorded in transactions form the initial source. 14. A control activity of an internal control system that focuses on structuring work assignments among employees so that one employee's work activities serve as a check on those of another employee is called ______________. 15. What kind of analysis should be performed when considering if an internal control procedure should be implemented?
They offer a truly wide range flexible suite of invoicing and purchasing software packages for small and large businesses based on the particular industry or type of software required. Verian only offers the customized software purchase with licensing. They listen to the customer needs, assist in selecting a product that will work, and incorporate the necessary company guidelines into building the application for the client. This software has proven success by companies like Macy’s, Coors, GNC, and REI. This software can help lower processing costs, increase financial visibility, and control spending (Verian,
1. Explain, in the context of meeting organisational needs, the difference between managers and leaders. Submit your answer for assessment. 2. How do you perceive the role of a business/ organisational manager, ie what things does a manager need to do and what resources do they draw upon?
Riordan Manufacturing will never have to pay for service it is not using. Most traditional online computing services offer business services that are bundled. Accessing the Cloud, the company will only pay for services used while saving the company money. These three characteristics proves that cloud computing is efficient and has more benefit than traditional computing (TheCloudGuy,
Understand concepts of social responsibility and ethical principles, and ascertain how the concepts and principles are used in business, government and society relationships. 7. Use critical thinking through text review, selective readings, interactive class discussion, and case studies to apply social responsibility concepts and ethical principles to current business, government and society issues. 8. Evaluate and apply alternate dispute resolution methods toward defining and developing strategies for integrating and reconciling interests and issues arising in the business, government and society
2. Recognize and apply legal principles in the areas covered by the course when evaluating a proposal, writing a contract and/or making a recommendation to a client. 3. Understand product liability issues and recotnize contractual and non-contractual liability in business transactions. 4.
b) Outline the strategy you will use to monitor and evaluate the performance of these key systems and processes. c) Select one of the key business processes and undertake a detailed analysis of supply chain, operational and product/service delivery systems. d) Describe the current performance measures and assessment tools and techniques used for this business process. Comment on the effectiveness of these measures. Task 2 a) Analyse any available performance related information and variance from plans for all key result areas (KRA) for the organisation.
Service providers, like dentists, hotels and hair salons, and on-line stores, like Amazon.com, are also retailers. Many businesses, like Home Depot, are both wholesalers and retailers because they sell to consumers and building contractors. Other businesses, like The Limited, are both manufactures and retailers. Regardless of other functions these businesses perform, they are still retailers when they interact with the final user of the product or service.
The only types of business that do not need to carry physical inventory are service and sales organizations. Most of them have small amount of sample items or commonly sold items, however depending on the industry they might not need any at all to function successfully. I look at the inventory as a necessity however I am also aware that there are many cost associated with carrying large inventories so businesses need to have very good inventory management system in place. Many businesses purchase their inventory on credit and must pay interest on the purchases and if they are unable to sell the inventory it might pile up and restraining the organization to purchase new inventory that is needed. The scope of inventory management focuses on the relationships between many things including carrying costs of inventory, asset management, inventory forecasting, quality management, returns and defective goods, demand forecasting and number of others.