The primary constraints are scope, time, quality and budget. The secondary and more ambitious challenge is to optimize the allocation of necessary inputs and integrate them to meet pre-defined objectives. A traditional phased approach identifies a sequence of steps to be completed. In the "traditional approach", five developmental components of a project can be distinguished (four stages plus control): Typical development phases of an engineering
In general, as project manager, what approaches would you take to ensuring these problems are properly dealt with, and as far as possible, avoided? Question 3. Describe the concept of ‘Earned Value’ (EV) in controlling projects? Why does it give superior control to project managers compared with more traditional systems? Illustrate with reference to the following example.
c) Is there budget d) Where are we now? 2. What is the RACI model used for? a) Documenting the roles and relationships of stakeholders in a process or activity b) Defining requirements for a new service or process c) Analyzing the business impact of an incident d) Creating a balanced scorecard showing the overall status of Service Management 3. What is the main reason for establishing a baseline?
The SDLC observes vital stages that are necessary for designers, such as proposals, implementation, evaluation, and planning. The SDLC has three principal purposes and the first one is to guarantee that excellent quality systems are provided, the second one is to deliver potent management controls over the jobs, and the third one is to increase the production of the systems team. Phase one establishes the possibility of whether a task should continue or not. It generates a high level summary of the task that relates to the task conditions and opportunity. Phase two describes who, what, how, and when the task will be accepted.
Overview This section describes a management summary. Provide essential information like • What the motivation for this project is • Who the customer is • What the project will deliver. Is it a new product or an extension of an existing one? • How long it will take • Which organizations are involved • Which other projects depend on the project result • Which other projects contribute with their results 2. Goals and Scope 2.1 Project Goals : The project goals define the expected project results together with the required development constraints.
7 COMPETITIVE (BUSINESS LEVEL) STRATEGY 7 Porter's Four Generic Competitive Strategies 8 Best-Cost Provider Strategy: 9 Competitive Tactics 10 Cooperative Strategies 11 FUNCTIONAL STRATEGIES 11 CHOOSING THE BEST STRATEGY ALTERNATIVES 12 SOME TROUBLESOME STRATEGIES TO AVOID OR USE WITH CAUTION 13 INTRODUCTION It is useful to consider strategy formulation as part of a strategic management process that comprises three phases: diagnosis, formulation, and implementation. Strategic management is an ongoing process to develop and revise future-oriented strategies that allow an organization to achieve its objectives, considering its capabilities, constraints, and the environment in which it operates. Diagnosis includes: (a) performing a situation analysis (analysis of the internal environment of the organization), including identification and evaluation of current mission, strategic objectives, strategies, and results, plus major strengths and weaknesses; (b) analyzing the organization's external environment, including major opportunities and threats; and (c) identifying the major critical issues, which are a small set, typically two to five, of major problems, threats, weaknesses, and/or opportunities that require particularly high priority attention by management. Formulation, the second phase in the strategic management process, produces a clear set of recommendations, with supporting justification, that revise as necessary the mission and objectives
5) What steps are involved with planning to solve the problem? Map Out Your Plan, Explore Each Major Step and Figure Out the Costs and Benefits of Your Plan. 6) Why should a writer list the cost and benefits of the proposed plan? To determine whether the benefits of your plan outweigh the costs. You want to prove to your readers that the benefits are worth the costs.
Next, the relationships between activities are identified. By scheduling the activities and their relevant relationships to each other, development of an achievable project becomes attainable through the use of management software or manual techniques. Following this, estimations of the activity resources needs to be carried out. What type of recourses will be required, how long will they be required for and at what point will each resource be available to perform their relevant tasks. The fourth major process is that of duration; estimating how long each activity will take.
In reading about the decision making model, I have learned that the rational model is used to identify the process in stages and the normative model is the outline process used to make decisions (Kreitner & Kinicki, 2004). The rational model seems to be the most prevalent model which is based around cognitive results of pros and cons with several options. Sometimes researching all the outcomes can take a company to another level and have an greater impact on the outcome. Then on the other hand the process could turn out to be a waste of time if the time taken results in a delay in decision making. The six step process is based on thinking, comparing, and evaluating the alternative.
Results given here will essentially give us a rough estimate on the budget of our initial concepts. So while we know what consumers feel are the most essential features, this provides the information that will let us know how far we can take those essential features and apply them to our product without going above our target markets price range. Question 3 - Would you be willing to pay more to get extra features such as a stand, visor or extra storage? We can gather more than one piece of information from this particular question. Firstly, if we see a strong response to a particular function or feature we will know that including said function or feature will be considered a necessity due to a high demand.