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Why do various stakeholders have different opinion on the same project?
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Describe the project management framework by providing example of stakeholder?
Who are the Project Stakeholders?Project stakeholders are individuals and organizations whose interests are affected (positively or negatively) by the project execution and completion. In other words, a project stakeholder has something to gain from the project or lose to the project. Accordingly, the stakeholders fall into two categories-positive stakeholders, who will normally benefit from the success of the project, and negative stakeholders, who see some form of disadvantage coming from the project. The implications obviously are that the positive stakeholders would like to see the project succeed and the negative stakeholder's would be happy if the project was delayed or even better cancelled.Identifying all the project stakeholders might be a difficult task, but the following are the obvious stakeholders in any project:Project SponsorProject ManagerPMOProject TeamProgram Manager (If Applicable)Portfolio Manager (If Applicable)Portfolio Review BoardFunctional ManagerOperational ManagementSellersBusiness PartnersCustomersProject Management Knowledge AreasManaging projects requires applying knowledge, skills, and tools and techniques to project activities in order to meet the project objectives. You do this by performing some processes at various stages of the project, as discussed in the previous chapter. That means processes are part of the knowledge required to manage projects. Each aspect of a project is managed by using the corresponding knowledge area. For example, each project has a scope that needs to be managed, and the knowledge required to manage scope is in the knowledge area called project scope management. To perform the project work within the project scope, you need human resources, which need to be managed; the knowledge used to manage human resources is called human resource management.I guess, by now you have a fair idea of where we are getting to.Each process belongs to one of the nine knowledge areas:1. Scope Management2. Time Management3. Cost Management4. Human Resource Management5. Procurement Management6. Risk Management7. Quality Management8. Integration Management &9. Communication ManagementEach knowledge area has its own place in the project lifecycle and they are all equally important from a project managers point of view. In practical experience you might fine one or more areas to have a greater impact on the outcome of the project, but nonetheless they are all important and play a vital role in the success or failure of a project.
Advantages and disadvantages for Gantt Chart?
The main advantage of the Gantt Charts is that visualizing your project schedule makes it very easy for the Project Manager to communicate the project schedule to various stakeholders as well as to the project team. The main disadvantage is that Gantt Charts are not well suited for conveying complex dependencies or projects having significant potential variability in completion dates. The PERT chart was devised in the 50's for the Polaris project in order to represent this key missing concept.
What are the various objectives of a project?
In brief, project management objectives are the successful development of the project's procedures of initiation, planning, execution, regulation and closure as well as the guidance of the project team's operations towards achieving all the agreed upon goals within the set scope, time, quality and budget standards.
What is project abandonment?
Project abandonment is when a project is stopped for various reasons. This could be due to budget cuts or because someone just changed their mind.
What does a project manger do?
they have a lead managing role in various projects
Who are various stakeholders in an entrepreneurial venture?
KJm
Who are the various stakeholders in nokia's market and what are their impacts?
customer
Describe the project management framework by providing example of stakeholder?
Who are the Project Stakeholders?Project stakeholders are individuals and organizations whose interests are affected (positively or negatively) by the project execution and completion. In other words, a project stakeholder has something to gain from the project or lose to the project. Accordingly, the stakeholders fall into two categories-positive stakeholders, who will normally benefit from the success of the project, and negative stakeholders, who see some form of disadvantage coming from the project. The implications obviously are that the positive stakeholders would like to see the project succeed and the negative stakeholder's would be happy if the project was delayed or even better cancelled.Identifying all the project stakeholders might be a difficult task, but the following are the obvious stakeholders in any project:Project SponsorProject ManagerPMOProject TeamProgram Manager (If Applicable)Portfolio Manager (If Applicable)Portfolio Review BoardFunctional ManagerOperational ManagementSellersBusiness PartnersCustomersProject Management Knowledge AreasManaging projects requires applying knowledge, skills, and tools and techniques to project activities in order to meet the project objectives. You do this by performing some processes at various stages of the project, as discussed in the previous chapter. That means processes are part of the knowledge required to manage projects. Each aspect of a project is managed by using the corresponding knowledge area. For example, each project has a scope that needs to be managed, and the knowledge required to manage scope is in the knowledge area called project scope management. To perform the project work within the project scope, you need human resources, which need to be managed; the knowledge used to manage human resources is called human resource management.I guess, by now you have a fair idea of where we are getting to.Each process belongs to one of the nine knowledge areas:1. Scope Management2. Time Management3. Cost Management4. Human Resource Management5. Procurement Management6. Risk Management7. Quality Management8. Integration Management &9. Communication ManagementEach knowledge area has its own place in the project lifecycle and they are all equally important from a project managers point of view. In practical experience you might fine one or more areas to have a greater impact on the outcome of the project, but nonetheless they are all important and play a vital role in the success or failure of a project.
Who would be the various stakeholders of a restaurant?
customers, staff, the bank, suppliers and local authority.
Is the statement 'Often the needs of a firm's various stakeholders will conflict' true or false?
true
What are the roles of a laboratory designer?
it is to gateher information from various workers through bench marking and from stakeholders
Advantages and disadvantages for Gantt Chart?
The main advantage of the Gantt Charts is that visualizing your project schedule makes it very easy for the Project Manager to communicate the project schedule to various stakeholders as well as to the project team. The main disadvantage is that Gantt Charts are not well suited for conveying complex dependencies or projects having significant potential variability in completion dates. The PERT chart was devised in the 50's for the Polaris project in order to represent this key missing concept.
In business the difference between compatible and incompatible expectations of stakeholders?
In the business context, understanding and managing stakeholder expectations are crucial for building positive relationships and ensuring the success of a project or an organization. The difference between compatible and incompatible expectations lies in the alignment or misalignment of stakeholders' needs, desires, and anticipated outcomes. Let's explore both concepts: Compatible Expectations: Definition: Compatible expectations occur when the needs and desires of various stakeholders align harmoniously. In this scenario, stakeholders share common goals, objectives, and a mutual understanding of what constitutes success. Impact: Compatible expectations often lead to smoother project execution, collaboration, and a positive working relationship among stakeholders. It fosters an environment where everyone is working toward shared objectives, minimizing conflicts and enhancing the likelihood of success. Incompatible Expectations: Definition: Incompatible expectations arise when stakeholders have conflicting needs, goals, or perceptions regarding a project or business outcome. This misalignment can stem from different priorities, values, or perspectives. Impact: Incompatible expectations can lead to challenges, conflicts, and difficulties in achieving project goals. It may result in delays, increased costs, or even project failure if not addressed promptly. Managing incompatible expectations requires communication, negotiation, and sometimes compromise to find common ground. Key Strategies for Managing Expectations: Clear Communication: Foster open and transparent communication to ensure that stakeholders understand project goals, timelines, and potential challenges. Stakeholder Engagement: Involve stakeholders early in the process to gather input, set expectations, and address concerns before they escalate. Regular Updates: Keep stakeholders informed with regular updates on project progress, changes, and any potential impact on expectations. Conflict Resolution: Establish a process for addressing conflicts or incompatible expectations promptly. Mediation and negotiation may be necessary to find mutually agreeable solutions. Ultimately, successful businesses strive to align stakeholder expectations as much as possible, and when conflicts arise, they are addressed proactively to maintain positive relationships and ensure project success.
Calculate project end date in Excel 2003?
There is no simple answer to that, as it will depend on various factors. Each project is different. Without all of those factors, it is not possible to start to answer the question. It could be done in Excel, but a better application for managing a project is Microsoft Project.
What are the various steps involved in project selection?
The various steps are:- Creating a Project Charter- Conduct a Business Impact Assessment- Use the Project Evaluation Scorecard to see the project's value to the organization.
Various stages in an outsourcing projects?
what are the various stages in an outsourcing project?
Who might benefit from an urban development project?
Various stakeholders can benefit from an urban development project, including local residents who gain improved infrastructure and amenities, developers who see economic opportunities, businesses that get access to a larger market, and governments that can generate increased tax revenue. Ultimately, a thoughtfully designed urban development project can have positive impacts on the overall growth and sustainability of a city or community.
