Business management

Learning Objectives 1. Define project risks and differentiate between risk types. 2. Identify risks that may occur during the implementation of a project. 3. Describe the process to create a project risk management plan. 4. Conduct a qualitative risk analysis. 5. Develop and implement risk responses based on identification and analysis of risks.

Learning Objectives 1. Define the project cost and explain its types. 2. Create a project cost plan to help guide the project team through the implementation and closure phases of the project. 3. Define the budget estimation techniques. 4. Describe the process of documenting project procurement decisions, specifying the approach, and identifying potential sellers. Define the resources that will be utilized in a project, including the project team members 5. Practice the allocation of reso...

Learning Objectives 1. Describe how to create a project resource plan. 2. Define the resources that will be utilized in a project, including the project team members. 3. Elaborate on resource loading, leveling, and crashing to conduct resource allocation effectively. 4. Practice on Microsoft Project to determine and allocate the resources, and solveresource overallocation and conflict problems as well as scheduling issues.

Learning Objectives 1. Describe the process to create a project schedule. 2. Define activities based on Work Breakdown Structure (WBS). 3. Describe how activities can be sequenced. 4. Elaborate on the techniques to estimate activity duration. 5. Create a network diagram by identifying the early start and early finish times, late start and late finish times, floats (slacks), and the critical path. 6. Practice on Microsoft Project to create a Gantt Chart and an Activity Network Diagram.

Learning Objectives 1. Evaluate the importance of good communication in project management 2. Create a communication management plan. 3. Describe the interpersonal and technical skills that project managers need to lead project teams and manage the projects effectively. 4. Explain the methods of how project managers can cope with conflicts by utilizing interpersonal skills. 5. List the leadership styles, and define the servant leadership that is favored for project managers. 6. Explain ...

Learning Objectives 1. Describe the process to identify stakeholders in a project and create a stakeholder register. 2. Explain the management of stakeholders to meet their needs and expectations, address issues, and foster appropriate stakeholder engagement involvement. 3. List the conditions when project managers need to update the stakeholder engagement plan.

Learning Objectives 1. Describe the importance and purpose of project planning. 2. Identify the basic processes and activities required in the planning phase. 3. Explain the main components of requirements elicitation. 4. List the main components of a project management plan. 5. Describe the process to develop a detailed description of the project. 6. Elaborate on the WBS structure to subdivide project deliverables and project work into smaller, more manageable components. 7. Practice on...

Learning Objectives 1. Explain the process of developing a project charter to authorize the project, and describe the roles of the project sponsor and project manager. 2. Describe the project environment, and outline the internal and external factors that may affect a project. 3. Explain the formal and informal organizational structure, and compare three main organizational structure types based on the project manager’s authority level. 4. Describe the responsibilities of a Project Mana...

Project Management Chapter 2-Summary Overview Projects don’t start from out of anywhere. Before the organization’s project selection committee and/or executive management decides on which projects the organization can go with, the reasons to start a project must be delineated in a pre-project stage. This stage often consists of the preparation of a business case accompanied by a needs assessment and a benefits realization management plan. A business case is a document that helps an orga...

This chapter’s primary objective is to list and explain the key concepts related to project management and describe important benefits related to projects as well as the formal study of project management. This chapter provides an overview of project management, defining both projects and project management and exploring the difference between project management and operations management. Technological innovations and disruptions, and constantly changing social and economic conditions loc...