What value does project management add, Project Management

Assignment Help:

Q. What value does project management add?

This is extremely difficult to answer in traditional accounting terms for the reason that the real value is in the quality of the end results and the avoidance of unnecessary delays and costs. Briefly the stakeholder as well as customer satisfaction. It's similar to taking out insurance no one argues about taking out the right amount of insurance. No one must argue about doing the right amount of project management. Keep in mind that Murphy that good old proponent of humorous laws has said A poorly run project will take three times as long and cost three times as much as a well run project. But he as well added compared to a well run project which only takes twice as long and costs twice as much. For our financial accounting friends that is a 50% saving right there!


Related Discussions:- What value does project management add

Earned value management is a systematic approach, Question: (a) Earned...

Question: (a) Earned Value Management is a systematic approach to the integration and measurement of cost, schedule, and technical accomplishments in a project. List the benef

Product based layout, Product Based Layout Also called the straight li...

Product Based Layout Also called the straight line layout or layout for serialized manufacture, product layout involves the arrangement of machines in one line depending upon

Different stages in the negotiation process, In the face of rising costs, t...

In the face of rising costs, the senior management in PT Company has decided that significant cuts will be needed in the budgets of some of its departments. The promotional budget

Earliest time the recruitment campaign can start, ST is the operations dire...

ST is the operations director of F Bakery. He is in the process of putting together a project plan for the introduction of a latest production plant that will enable the bakery to

What do you meant by change of scope in a project, Question: (a) (i) Wh...

Question: (a) (i) What do you meant by "a change of scope" in a project? (ii) Unplanned changes (for e.g, unplanned expenses) might occur during the implementation phase of

Tool of total quality improvement, Question: As the Managing Director o...

Question: As the Managing Director of your organization, you have been analyzing other institutions that you regard as competitors. Extrapolating your current position up to t

What are the contents of project planning document, What are the contents o...

What are the contents of project planning document? Contents of a PPD (project planning document): a. Project resource plans b. Quality control and quality policies proce

Formulation of production specification, Specification is an important qua...

Specification is an important quality document for the product because it is here that quality fo the product as a whole is defined in precise technical terms. Although the use

IT Project Management , Hello again... I am sorry that I keep sending paper...

Hello again... I am sorry that I keep sending paper back, but once again it does not include what is needed. I made comments on paper on how it needs to be broken down and what inf

Critical path method, HyperAV is a Manchester based company which is a reta...

HyperAV is a Manchester based company which is a retailer of home cinema equipment. They sell a variety of products including speakers, amplifiers, Blu-ray/DVD players and cables.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd