Project Management Essentials A Project - 1491 Words

Erica Patterson June 8, 2015 Project Management Essentials Professor James Marion Abstract All the more particularly, what is a project? It s an interim try embraced to make a novel item, administration or result. A project is impermanent in that it has a characterized starting and end in time, and accordingly characterized extension and assets. Also, an undertaking is interesting in that it is not a standard operation, but rather a particular arrangement of operations intended to fulfill a solitary objective. So an undertaking group frequently incorporates individuals who don t as a rule cooperate – once in a while from distinctive associations and over numerous geologies. The improvement of programming for an enhanced business prepare, the development of a building or scaffold, the help exertion after a characteristic fiasco, the extension of offers into another geographic business sector — all are undertakings. Also, all must be expertly figured out how to convey the on-time, on-spending plan results, learning and reconciliation that associations need . Project Management, then, is the use of learning, abilities, apparatuses, and systems to venture exercises to meet the task necessities. My first that is very important to me is the role of a project manager. Businesses today are in the best interest of companies to have project managers. Prevalent sense isn t always facilely accomplished. Anyone who s ever worked on a project in a technicalShow MoreRelatedThe Essentials of Project Management65719 Words   |  263 PagesNature release THE ESSENTIALS OF PROJECT MANAGEMENT SECOND EDITION The Essentials of Project Management Second Edition Dennis Lock Gower O Dennis Lock 2001 A l rights reserved. No part of this publication may be reproduced, l stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the permission of the publisher. First published 1996 This edition published by Gower Publishing Limited GowerRead MoreProject Management Is The Essential Part Of An Organization2153 Words   |  9 PagesEXECUTIVE SUMMARY Project Management is the essential part of an organization to take necessary efforts to create a product or a result. As the organization grows large the complexity and the risk factors goes high. Each project has a project manager. Managers have to monitor and coordinate different projects at the same time and it is an art or skill to getting things done by others. Every project has its life cycle that means a start and end point. Some may be successful and some may not. ThereRead MoreProject Management Is The Essential Part Of An Organization2759 Words   |  12 PagesExecutive Summary Project Management is the essential part of an organization to take necessary efforts to create a product or a result. As the organization grows large the complexity and the risk factors goes high. Each project has a project manager. Managers have to monitor and coordinate different projects at the same time and it is an art or skill to getting things done by others. Every project has its life cycle that means a start and end point. Some may be successful and some may not. ThereRead MoreAbstract. Project Management Is An Essential Tool Which1713 Words   |  7 PagesAbstract Project management is an essential tool which benefits businesses. There are numerous positions relating to it, but is it enough to categorize it as a profession? The introduction will provide some essential definition and remind us what is the project management about. Then, I will develop two opposed point of view on this matter, the first one answering negatively and the second one positively to the question asked above. The outlook will be defined progressively by providing some elementsRead MoreProject Management Best Practices And Essential For Organizational Success1177 Words   |  5 PagesProject Management Best Practices Regardless of a business size and type, or its product line and/or services, organizational structure and effective communication across all levels are key components of project management best practices and are essential for organizational success. One approach organizations can take to enhance its business practices is to adopt and implement a comprehensive project management system, capable of addressing organizational project requirements at various levels;Read MoreProject Management : An Essential Component Of Modern Day Economic Activity Essay2152 Words   |  9 PagesIntroduction Project management became an essential component in modern day economic activity which is used by project management team to deliver a successful project – it can be succinctly described in this way (Roberts 2011). Although management books and training programs reach billions, there are persistent management problems (Brightman, 2004). The main problem with projects management practices were relatively few – planning, project implementation, cost and time overruns and quality non-achievementRead MoreBuilding of Memory: Managing Creativity Through Action Essay examples1218 Words   |  5 Pages Change Management Techniques Change management is the incorporation of a innovated structured and set of tools (new or the combination of old and new ones) utilized in leading the employees’ side of change to attain the desired results (Kloppenborg, Shriberg, Venkatraman, 2003). The Yad Vashem project was very technical (Systemtic) and required energetic and enthusiastic project team members (High Voltage Emotional Energy). There were many challenges in this project, and there was needRead MoreRisks in a Home Building Project1486 Words   |  6 PagesEstimating a Home Building Project Michael T Bell PMAN 637 Originality Score 6% A Review of Risks Associated With Estimating a Home Building Project Introduction In building and construction, there are risks associated with estimating a home building project. These risks in construction are all the same across the board regardless the construction. Therefore, a home building projects is confronted with the same risks as any other project in the constructionRead MoreA Project Manager For A Company That Utilizes Informal Project Management Techniques948 Words   |  4 Pages1. You are a project manager for a company that utilizes informal project management techniques. Thirty days into the project you realize that the team is not communicating effectively and dates are starting to slip. What two actions might you take to correct this situation? Communication is one of the four columns of informal project management. If communication channels are not been used, or if information is not flowing effectively and efficiently, then the whole methodology is compromised,Read MoreA Career in Project Management1577 Words   |  7 PagesProposal This proposal on pursuing a career as a Project Manager is designed to provide research and criteria concerning elements for entering into the field of Project Management. The research will provide the essential skills and a job description of a Project manager. As background information, I have provided researched information based on the interest of being a Project Manager. The Survey results provide an insight to how some individuals pursued their careers and

The Matrix the Cave and Meditations Essay - 1829 Words

The Matrix, The Cave And Meditations PHIL 201 John L. Hill II Liberty University John Hill Professor Allyn Kyes Philosophy 201 October 18, 2012 The Matrix, The Cave And Meditations Thesis: There are many similarities in the Matrix ( Wachowski, Andy, and Lana Wachowski 1999 ), The Allegory of the Cave ( Plato ) and Meditation I of The Things of Which We May Doubt ( Decartes, 1641 ). It appears as you take a close look at the Matrix that it is a retelling of â€Å"The Allegory of the Cave† with elements of â€Å"Meditation I of the Things of Which We May Doubt† in it as well. I. Introduction A. Overview of â€Å"The Cave† B. Overview of â€Å"Meditation† C. Overview of â€Å"Matrix† II. Comparisons A.†¦show more content†¦Descartes wonders what else that he can know by using this same logic, but first must establish the idea of God and that God is not deceiving him. He reasons that God exists because he as a mortal could not create the idea of such a powerful being, and only a being as powerful as God could have caused an idea of a God that is perfect. Descartes goes on to reason that because God is perfect, then God would not deceive him about anything. It’s not that Descartes is being deceived, but rather his lack of knowledge or understanding about the matters at hand is causing the problem he is facing. Descartes is now clear on his perception of God so he looks at material things. He points out that a body must exist in reality, because for him to dream about his body, it must exist before he would know what to dream about. So although he can perceive qualities of material things, he is still confused about some things because of is imperfect perception. He concludes that the senses are meant to help him get around in the world, not to lead him to the truth. ( SparkNotes Editors, 2012 ) Matrix The Matrix ( Wachowski, Andy, and Lana Wachowski 1999 ), is a story that presents a dilemma. Is virtual reality just for fun, or is it being used to imprison you? That is the question Neo faces as he is manning his computer doing some hacking on the side. It is through his computer work that he meets with Morpheus who presents NeoShow MoreRelatedComparing The Matrix With Readings From Plato And Descartes1023 Words   |  5 Pagescontrasting The Matrix with readings from Plato and Descartes This essay will discuss The Matrix, from synopsis of the following; The Republic by Plato, depicting the famous cave allegory, and Meditations on First Philosophy by Descartes, offering doubt that some senses are accurate. By examining these two readings, and the movie, it will allow the author to show some comparisons, and to show how they are also different as this essay indicates the world is very real. The Matrix In The MatrixRead MorePlato, Descartes, And The Matrix1150 Words   |  5 PagesSamoria Preston PHIL 201 Dr. Alexander Jech 27 November 2015 Plato, Descartes, and The Matrix Life and human existence give rise to a practically endless list of philosophical questions. Among the plethora of abstract and complexity are found questions regarding the nature of our existence and the world in which surrounds us: â€Å"What can we truly know? How can we accurately depict reality? Can we know absolutely anything for sure?† Such questions lead us down roads that twist and turn remainingRead MoreAngelabrafford-Phil Essay830 Words   |  4 PagesFebruary 18, 2013 Essay Great philosophers such as Plato, Socrates and Descartes developed theories thousands of years ago which changed the thought processes of many. These theories today are still influencing the lives of others. The Matrix, a very well-known movie released in 1999, retelling Plato’s theory, questioned the existence of reality and /or what we perceive as reality. The Matrix, Plato’s ‘Allegory of the Cave’ and Descartes ‘Meditation I’, all have similarRead MoreThe Matrix Essay899 Words   |  4 PagesCompare and Contrast The Matrix with the readings from Plato and Descartes. What are some similarities and differences? An Essay Submitted to Jason Elvis BY Williestine Harriel Liberty University online September 24, 2012 Compare and Contrast The Matrix with the readings from Plato and Descartes. What are some similarities and differences? After reading The Matrix, and reading from Plato and Descartes, I find that there are some similarities and differencesRead MoreCartesian and Platonic Philosophical Themes in The Matrix Essay2065 Words   |  9 Pages This essay will examine the philosophical questions raised in the movie The Matrix. It will step through how the questions from the movie directly relate to both skepticism and the mind-body problem, and further how similarly those problems look to concepts raised by both Descartes’ and Plato’s philosophies. It will attempt to show that many of the questions raised in the movie are metaphor for concepts from each philosopher’s works, and why those concepts are important in relationRead MoreMetz Film Language a Semiotics of the Cinema PDF100902 Words   |  316 Pagesconstitute Chapter 5 was first read, and the Festival of the New Cinema (Pesaro, Italy), which organized the round-table discussion during which the last chapter in this volume was originally presented. The idea of bringing together a number of my essays in a single volume, thus making them more easily available, originated with Mikel Dufrenne, Professor at the University of Paris-Nanterre and editor of the series in which this work was published in French. He has my very warm gratitude. C . M. CannesRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pages480 Work Specialization 480 †¢ Departmentalization 482 †¢ Chain of Command 483 †¢ Span of Control 484 †¢ Centralization and Decentralization 485 †¢ Formalization 486 Common Organizational Designs 486 The Simple Structure 486 †¢ The Bureaucracy 487 †¢ The Matrix Structure 488 New Design Options 490 The Virtual Organization 490 †¢ The Boundaryless Organization 492 †¢ The Leaner Organization: Downsizing 494 Why Do Structures Differ? 496 Organizational Strategy 496 †¢ Organization Size 498 †¢ Technology 498 †¢ Environment

Breakeven Analysis Free Essays

BREAK EVEN ANALYSIS Break-even is the point at which a product or service stops costing money to produce and sell, and starts generating a profit for your business. This means sales have reached sufficient volume to cover the variable and fixed costs of producing and distributing your product. [Type the document subtitle] KOMAL BHILARE ROLL NO: 85 2013 DEFINITION Break Even is: †¢the sales point at which the Company neither  makes profit nor suffers loss, or   Ã¢â‚¬ ¢sales level where fixed cost are fully absorbed by or   †¢the level where contribution margin equals the fixed cost. We will write a custom essay sample on Breakeven Analysis or any similar topic only for you Order Now Breakeven analysis provides data for †¢Ã‚  profit planning †¢Ã‚  policy formulating and †¢decision making Break-even analysis may be based on: †¢historical data, †¢past operations, or †¢future sales and costs, Depending on management’s need and desire. †¢The break even analyses technique is used in various  business decision making areas, as this help in knowing the minimum desired level to be achieved to avoid loss situation. †¢The Breakeven analysis is mostly used at the time of  investing in new project and introducing new products. The organizer of this workshop must have seen Break  even for this workshop. USE OF BREAK EVENANALYSES ?  Hospital or Hotel management would like to know sales  point in terms of number of beds/ rooms, to recover fixed cost to reach at a breakeven point. ?The school owner would be interested in knowing minimum number of students to be admitted to reach at  breakeven ?New branch of bank would ne ed to know minimum deposits from customer ?On introduction of new products certain huge sales  promotional expenses are planned in order to achieve  planned sales. The management while deciding about approving expenditures would be interested to see cost / benefit analyses or minimum expected sales (break even) to be achieved to recover these expenses (disregarding the very ambitious sales budgets submitted by the sales and marketing team) FORMULA A) Breakeven point of output = (fixed cost) / (contribution per unit) Where, Contribution=selling cost – variable cost Fixed cost= Contribution -profit B) Breakeven point of Sales = 1. Fixed price x SP per unit Contribution per unit 2. Fixed Cost x Total Sales Total Contribution BREAK EVEN GRAPH Uses of Breakeven Chart A breakeven chart can be used to show the effect of changes in any of the following profit factors: †¢ Volume of sales †¢ Variable expenses †¢ Fixed expenses †¢ Selling price PROFIT VOLUME RATIO (P/V RATIO) The ratio of contribution to sales is P/V ratio or C/S ratio. It is the contribution per rupee of sales and since the fixed cost remains constant in short term period, P/V ratio will also measure the rate of change of profit due to change in volume of sales. The P/V ratio may be expressed as follows: P/V ratio = Sales – Marginal cost of sales = Contribution Sales Sales = Changes in contribution = Change in profit Changes in sales Change in sales A fundamental property of marginal costing system is that P/V ratio remains constant at different levels of activity. A change in fixed cost does not affect P/V ratio. The concept of P/V ratio helps in determining the following: †¢ Breakeven point Profit at any volume of sales †¢ Sales volume required to earn a desired quantum of profit †¢ Profitability of products †¢ Processes or departments the contribution can be increased by increasing the sales price or by reduction of variable costs. MARGINAL COST A marginal cost is another term for a variable cost. The term ‘marginal cost’ is usually applied to the variable cost of a unit of product or service, whereas the term ‘variable cost’ is more commonly applied to resource costs, such as the cost of materials and labour hours. Marginal costing is a form of management accounting based on the distinction between: a. the marginal costs of making selling goods or services, and b. fixed costs, which should be the same for a given period of time, regardless of the level of activity in the period. Suppose that a firm makes and sells a single product that has a marginal cost of ? 5 per unit and that sells for ? 9 per unit. For every additional unit of the product that is made and sold, the firm will incur an extra cost of ? 5 and receive income of ? 9. The net gain will be ? 4 per  additional unit. This net gain per unit, the difference between the sales price per unit and the marginal cost per unit, is called contribution. Contribution is a term meaning ‘making a contribution towards covering fixed costs and making a profit’. Before a firm can make a profit in any period, it must first of all cover its fixed costs. Breakeven is where total sales revenue for a period just covers fixed costs, leaving neither profit nor loss. For every unit sold in excess of the breakeven point, profit will increase by the amount of the contribution per unit LIMITATIONS OF BREAK EVEN ANALYSIS: It is best suited to the analysis of one product at a time. * It may be difficult to classify a cost as all variable or all fixed; and there may be a tendency to continue to use a break even analysis after the cost and income functions have changed. * Break-even analysis is only a supply side (i. e. costs only) analysis, as it tells you nothing about what sales are actually likely to be for the product at these various prices. * It assumes that fixed costs (FC) are constant. Although this is true in the short run, an increase in the scale of production is likely to cause fixed costs to rise. How to cite Breakeven Analysis, Essay examples