Question

Name the three roles in the Project Board.

Name some of the skills that the Project Manager should have. Which of these skills are used most often? (Tip: Think of the PRINCE2 Themes.)

What happens to the Project Team once the project is complete?

Answer 1

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Name the three roles in the Project Board.

There are many functions and obligations for an successful board of directors. Today, the SEC and other acts demonstrate that a directory board is accountable for not exercising its roles and responsibilities. First of all, you must list the positions to understand what they are. That's it.

The shareholders shall elect the Board of Management. Their first role is therefore to protect the interest of shareholders. That is their moral responsibility. This implies that they will see an rise in stock value and an acceptable return for the owners of their investments.

Consequently, the Board of Directors must supervise and authorize all actions that will affect the company's long-term success.

Currently, with the approval of the shareholders the board of directors has to control the top management.

It brings together the three classes of shareholders, the executive board and the executives. The level of corporate governance within the organization influences the degree to which it executes its functions.

Those positions will be handled by a Board of Directors. Nevertheless, they were not noticed lately and were clearly supporters of the CEO and the top management. This led to the management of several businesses running amuck and to the downfall. This also indicated that the government also implemented and updated the rules to ensure that the shareholder is covered and the board of directors adopts a responsible approach.

The responsibilities of the board of directors are:

• Effective control of the commission.
• Setting the board activity procedure.
• Decide on the make-up and roles of the specific members of the Board.
• Creation of a specific organizational strategy.
• Identifying the organization's risk profile.
• Ensure effective administration.
• Setting up a roadmap for the Board members and the Top Management to roadmap the succession.
• Make sure that you do not think about social responsibility.
• Ensure the responsibility for the environment is at the forefront.
• Create a sustainability strategy.

These are basically the primary duties of any group.

Name some of the skills that the Project Manager should have. Which of these skills are used most often.

A project manager serves as the main contact point between the project team, the project managers, customers and all other project participants. An effective project manager has both soft competencies and hard competencies. Strong management, communication and problem-solving skills require effective management skills. On the other hand, hard skills apply to the ability of a team to handle the technical aspects. Knowledge and expertise in IT, mathematical and science fields require technological abilities.

A project manager calculates a project's total needs; facilitates the budget planning and recognizes any budget variability. He makes copies to help measure the budget, to adjust and to keep records. Accurate figures discourage job losses due to a shortage of funding or employees 'underpayment. The budget is allocated according to all the phases of the project in order to simplify the activities of the project

A project manager makes job plans to complete a project in time. Sufficient information about the workings of job planning software can help a project team efficiently execute its duties and keep an overview of the progress of a project. An significant technical competence is the creation of a working breakdown system that outlines the scope and the time for completion of a project, including people assigning a project.

A project manager prepares various reports in connection with a particular project such as budget and risk management reports. He analyzes and calculates any variances in a project and makes a report for overall management. He identifies cost constraints and staffing needs and includes this information in a budget report to seek for budget adjustments. A project manager makes recommendations on what insurance policies to take for a project. He prepares a risk management reports when an insured event occurs.

What happens to the Project Team once the project is complete?

The closure of a project is the completion and termination of the process: Consider the customers of the delivery. Have a meeting to receive signed documents-finish all and recognize and record the lessons learned during the project process. In order to discuss deliverables with the shareholder, a follow-up meeting will be held and the agreement to validate the deliverables of the project has been approved.

The stakeholders will prove all aspects not only that you have given them exactly what they desired, but that it also functions as they were anticipating. Every step in the lesson learned, describing scenarios of what has gone well, what has not, and how you managed the situation and the outcome, should be documentated wisely before, during, or after the project. The documentation degree will support future projects. The final reports and the closing report are last but not least, to summarize the overall success of the project.

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