1) discuss how projects are identified. 2) Explain how projects are prioritized and selected. 3) Describe...

1) discuss how projects are identified.

2) Explain how projects are prioritized and selected.

3) Describe the elements of a project charter.

Solutions

Expert Solution

Project is a temporary task undertaken to create a unique product or services. Example - Building bridge. Project management is used to meet the project requirement by application of knowledge, skills, tool and techniques. Project manager is responsible for the completion of the project.

Project identification is done at initiation phase of the project. This is done by: -

reviewing the alternatives and approaches that can be used to address problems or opportunities.
defining the project objectives and scopes. Project scope determine the project goals, deliverables, tasks, deadlines, costs, etc.
creating project charter to authorize the work of the project formally to the project manager by providing him or her the authority to do his or her job. A project can start only after the formulation of project charter.
identifying the issues and risks that can be tackled or addressed before the start of the project.

keosha answered 1 week ago

Next > < Previous

Related Solutions

Zeta, Inc., has identified the following two mutually exclusive projects: Year 0 1 2 3 4...

Zeta, Inc., has identified the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow A -$20,500 10,500 15,500 Cash Flow B -$20,500 5,700 10,500 12,000 15,500 Use both the equal lives method and the equivalent annuity method to determine which project the company should implement. Discount Rate: 12%

Describe how projects are selected for purchase and/or implementation within an organization of familiarity to you.

1.) What is horizontal transposition? 2.) Describe how the lac operon works. 3.) Discuss RNA...

1.) What is horizontal transposition? 2.) Describe how the lac operon works. 3.) Discuss RNA editing, particularly in mammals.

Compare Mary Ainsworth 3 types of attachment and how each is identified, and explain how these...

Compare Mary Ainsworth 3 types of attachment and how each is identified, and explain how these early attachments can a lasting emotional and behavioral impact by describing examples of both positive and negative outcomes.

1) Describe standard costs? 2) Explain how one distinguishes between Standards and Budgets? 3) How does...

1) Describe standard costs? 2) Explain how one distinguishes between Standards and Budgets? 3) How does one go about setting standard costs? 4) differentiate between ideal versus normal standards?

1. Explain the concept of "creative" accounting 2. Describe the specifics of Ponzi Schemes 3. Describe...

1. Explain the concept of "creative" accounting 2. Describe the specifics of Ponzi Schemes 3. Describe potential conflicts of interest that could occur in financial reporting 4. Explain what the responsibilities of management, auditors, and audit committees are with respect to financial reporting. 5 Explain how heuristics affect accounting 6. Describe the accounting "tricks of the trade" 7. Explain the concept of off-balance sheet arrangements.

1.Describe the importance of mapping existing workflows and workflows planned for future projects. 2 How does...

1.Describe the importance of mapping existing workflows and workflows planned for future projects. 2 How does EHR functionality impact workflows? 3. Give an example of why it is important for an EHR to be compatible with clinical workflows .

1) explain and describe how the accounting equation is used . 2)explain the key standards and...

1) explain and describe how the accounting equation is used . 2)explain the key standards and principles for reporting financial statements . 3)what is the role of ethics in accounting , describe the role of ethics in accounting and how important it is . 4) what is the purpose of the International Accounting Standards Board and why does it exists.

1) Identify and explain FIVE (5) primary reasons why software projects get in trouble. 2) Describe...

1) Identify and explain FIVE (5) primary reasons why software projects get in trouble. 2) Describe a “business” problem your university has that you would like to see solved. How can information technology help solve it?

Describe how homozygous Factor V Leiden would be identified and explain the coagulation issue that would...

Describe how homozygous Factor V Leiden would be identified and explain the coagulation issue that would be expected in a patient demonstrating this condition.

Subjects