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Project Management

Project management is the discipline of planning, organizing, securing and managing resources for the successful completion of certain project objectives and goals. Its main challenge is to reach all engineering project objectives and goals while honouring project constraints.

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What is the meaning of PERT?

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Asked by Wiki User

PERT stands for Program Evaluation and Review Technique. It is a project management tool used to analyze and represent the tasks involved in completing a project. PERT helps in estimating the time required to complete each task and the overall project timeline.

What was the Federal Writers' Project?

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Asked by Wiki User

The Federal Writers' Project was a New Deal program established by the U.S. government during the Great Depression. Its purpose was to provide employment for writers, researchers, and historians by documenting American culture and history through various projects, such as state guidebooks, slave narratives, and folklore collections.

What are the implications of Perception to management?

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Asked by Wiki User

Managerial implication - Organizational Behavior

Perception in business situation:

1) Perception and motivation: perception of the workplace plays a major role in motivation. Suppose an employee is experiencing some unexpected money trouble. Because of her disposition (she is worried) and the salience of money (it is unusually important to her at the moments), she will be especially sensitive to issues of compensation. Through projection, she may assume that everyone in the organization also cares mainly about money. A large pay raise given to another employee will seem frustrating and will intensity her efforts to get a pay raise of her own, focusing even more attention on her own pay, the pay of others, and how they compare to one another.

2) Perception and hiring: hiring new employees can be affected by perception in many ways. Contrast or novelty in the job applicant can affect his or her chances of getting the job. The person doing the hiring may stereotype applicants on the basis of race or sex, or may allow the halo effect to color an overall perception of an applicant.

An interviewer's disposition during an interview or attitudes towards certain of the applicants' attributes can also affect the interviewer's perceptions of an applicant.

For example, a manager, who believes that people should dress professionally for a job interview, is likely to be unimpressed by an applicant who shows up wearing sunglasses and a flowered sports coat.

3) Performance appraisal: the appraisal of a subordinate's performance is highly affected by the accuracy of a manager's perceptions. The major areas of concern in this context are:

Managers may have tendencies to positively evaluate some employees. Because they are better liked, or are on favored tasks, or are particularly noticeable; and

Performance evaluation will be affected adversely because of halo effects,

4) Employee effort: an individual's future in an organization id usually not dependent on performance alone. In many organizations, he level of an employee's effort is given high importance. Just as teachers frequently consider how hard you try in a course as well as how you perform on examinations, so often do managers. An assessment of an individual's effort is a subjective judgment susceptible to perceptual distortions and bias. If it is true, as some claim, that "more workers are fired for poor attitudes and lock of discipline than for lack of ability" , then appraisal of an employee's effort may be a primary influence on his or her future in the organization.

5) Employee loyalty: another important judgment that managers make about employees is whether or not they are loyal to the organization. Despite the general decline in employee loyalty, few organizations appreciate it when employees, especially those in the managerial ranks, openly disparage the firm, furthermore, in some organizations, if the word gets around that an employee is liking at other employment opportunities outside the firm, that employee may be labeled as disloyal and so may be cut off from all future advancement opportunities. The issue is not whether organizations are right in demanding loyalty, the issue is that many so, and that assessment of an employee's loyalty or commitment id highly judgment.

Give some example of PERT and CFM?

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Asked by Wiki User

PERT (Program Evaluation and Review Technique) is a project management tool used to schedule, organize, and coordinate tasks within a project. It involves creating a network diagram to show the sequence and duration of activities.

CFM (Cash Flow Management) is a financial management technique that involves monitoring, analyzing, and optimizing the flow of cash in and out of a business. It includes activities like forecasting cash inflows and outflows, identifying potential cash shortages or surpluses, and implementing strategies to improve liquidity.

How do you learn good English speaking and writing and reading?

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Asked by Wiki User

To improve your English speaking, writing, and reading skills, try practicing regularly by engaging in conversations, reading books, and writing essays or journal entries. Additionally, consider taking English language courses, watching English-language movies or TV shows, and using language learning apps or websites for further practice and learning. Consistency and patience are key to developing these skills over time.

Why communication is important in management?

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Asked by Wiki User

Communication is essential in management because it allows for clear direction, efficient collaboration, and effective problem-solving. By fostering open communication, managers can build trust with their team, ensure alignment towards common goals, and address issues promptly to drive organizational success.

Sample script of an emcee in opening the event?

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Asked by Wiki User

"Ladies and gentlemen, welcome to [event name]! We have an incredible evening ahead filled with [highlights of the event]. Sit back, relax, and get ready for a truly unforgettable experience. Without further ado, let's kick things off with [opening act/segment]."

How do you begin your speech at a formal business meeting?

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Asked by Hlotfy

Beginning a formal business speech is no different than any other speech or presentation.

  1. With a SINCERE SMILE, the speaker should start by courtesly greeting their audience, "Good morning", "Good afternoon", or "Good evening".
  2. Next, the speaker should clearly say their name, i.e., "My name is Charles Boyd." Note: If you aren't a celebrity, or world famous, you should still say your name again, even if you are introduced. Saying your name personalizes you, and affords you some time to focus your thoughts on your speech.
  3. If you are about to begin your speech and you notice and people are still entering the room, or the audience is resettling themselves after a short break, you would do well to not immediately jump directly into your subject matter. A better decision would be to tell the audience how delighted you are to speak to them about an important matter near and dear to your heart, and how you appreciate their attendance for such an important moment. Scan the room while you are speaking and be sure to make eye-to-eye contact with your audience. This action alone will strengthen your confidence and attract your listeners into your message.
  4. Once you are ready to 'officially' begin (the room has settled), you should launch into your speech with passion and conviction. There are precious few moments when it comes to public speaking. To waste any of those moments is to do a disservice to your speech and the audience's time.

So to wrap up: How does one start a business formal speech? "Good morning, my name is Charles Boyd. I'm appreciative of your attendance today. The subject I wish to talk about is very important to me, and by the end of my talk with you, I believe you'll feel the same."

What is portfolio management?

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Asked by Wiki User

Portfolio management is the process of overseeing a company's investment portfolio to achieve specific financial objectives, such as maximizing return or minimizing risk. It involves strategic decision-making regarding asset allocation, risk tolerance, and performance evaluation. The goal is to optimize the portfolio's performance in line with the investor's goals and constraints.

What is a Definitive Media Library?

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Asked by Anandvijayakumar

A Definitive Media Library (DML) is a secure and centralized repository that holds authorized versions of software, hardware, documentation, and other IT assets. It serves as the definitive source for all configuration items under change management control in an organization's IT service management system. The DML ensures that only approved and quality-assured components are used in the IT environment.

What are the stages of the project planning process?

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Asked by Wiki User

The stages of the project planning process typically include defining project goals, identifying project deliverables, creating a project schedule, allocating resources, identifying risks, and developing a communication plan. Each stage is crucial for successful project execution and completion.

What is an APA Standard?

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Asked by Wiki User

An APA standard refers to the guidelines and formatting rules established by the American Psychological Association for writing and citing academic papers. These standards help ensure consistency and clarity in research manuscripts, including how to structure papers, cite sources, and format references. Adhering to APA standards is common in the social sciences and academic writing.

When was Henry Laurence Gantt Medal created?

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Asked by Wiki User

The Henry Laurence Gantt Medal was created in 1929 in honor of Henry Gantt, a prominent figure in management history known for his work in developing the Gantt chart used in project management.

What is an example of an acknowledgement page?

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Asked by Wiki User

An acknowledgement page is a section in a book, thesis, or report where the author expresses gratitude or thanks to individuals, organizations, or groups who have helped or supported them during the project. It typically includes names of people, their contributions, and any relevant details of support received.

Where might you find your sources for a project?

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Asked by Wiki User

Embarking on a project can feel like setting sail into the vast ocean of information. Your compass? A keen sense of direction towards reliable sources not only enriches your knowledge but also ensures your project stands out in the bustling market of ideas.

1. Libraries: The timeless sanctuaries of knowledge, libraries offer an array of resources from books to specialized databases. They're not just relics of the pre-digital era but vibrant community hubs offering access to a wealth of information, including exclusive research tools and professional journals not freely available online.

2. Online Databases and Scholarly Journals: Platforms like JSTOR, Google Scholar, and industry-specific databases provide a gateway to peer-reviewed articles, case studies, and academic research, ensuring your project is backed by credible information.

3. Government and Institutional Websites: For projects requiring up-to-the-minute data or official statistics, government and institutional websites are goldmines. Whether it's financial regulations from the SEC or economic data from the Federal Reserve, these sources are unparalleled in authority and reliability.

4. News Outlets and Magazines: Staying informed about current trends and industry news is crucial. Renowned publications like The Wall Street Journal, Forbes, and Bloomberg offer insightful analyses and reports that can add depth to your project.

5. Interviews and Surveys: Sometimes, the most valuable insights come directly from the source. Conducting interviews with industry experts or surveys among target demographics can provide original information and perspectives unique to your project.

6. Social Media and Forums: Platforms like LinkedIn, Twitter, and niche forums are treasure troves of real-time opinions, trends, and discussions. They can offer immediate insights into current events and industry sentiments.

7. Online Courses and Webinars: These platforms not only enhance your knowledge but can also introduce you to thought leaders and new perspectives in your field.

8. Books and E-Books: For a deep dive into any subject, books remain one of the most comprehensive sources of information. They provide context, history, and depth that short-form sources often lack.

9. Podcasts and Videos: For those who prefer auditory or visual learning, podcasts and YouTube channels offer a wealth of knowledge on virtually every topic imaginable.

10. Archives and Historical Documents: When your project requires a look back in time, archives and historical document repositories can provide invaluable insights and data.

In the quest for knowledge, your sources are as diverse as the seas you navigate. Remember, the value of your project lies not just in the information you gather, but in how you weave it into a narrative that captivates and educates. Set your sails, and may your voyage be fruitful!

#KnowledgeHunt

#InfoTreasure

#ProjectProTips

#FintechForward

#FinanceFinds

#BankingBasics

#BusinessBrains

#ResearchRigorous

#DataDiving

#LearningLighthouse

What is the most important stage of SDLC?

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Asked by Wiki User

The most important stage of the Software Development Life Cycle (SDLC) is often considered to be the Requirement Analysis phase. This is the stage where the project's requirements are meticulously gathered and analyzed, forming the foundation upon which all subsequent stages of the SDLC are built.

To learn more about What Is The Software Development Life Cycle (SDLC) And Which Are Its Phases? check out our latest blog at On Wave Group. We hope you find it well

Where can one find a PPC Management service?

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Asked by Wiki User

For advertising on PPC (pay-per-click) search engines such as Google Ads, Bing Ads, and Yahoo Search Marketing make it a popular option for advertisers. There are lots of companies available online for PPC management. There are many key aspects to look at when considering hiring a company for this job like cost, Familiarity with new features, Focus on structured campaigns, Location expertise, Keywords selection knowledge, Understanding of negative keywords list, level of commitment. If you’re looking for PPC management Services then you can get in touch with Kbizsoft Solutions for the best results with smart budget allocation.

Functions of management information system?

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Asked by Wiki User

management information system

What is the purpose of a client relationship management?

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Asked by Wiki User

The purpose of Client Relationship Management (CRM) is to build long-term relationships with clients by providing personalized services, understanding their needs, and enhancing customer satisfaction. By effectively managing client relationships, businesses can increase customer loyalty, improve retention rates, and drive business growth.

Define the control process in project management?

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Asked by Wiki User

The control process in project management involves monitoring project performance, comparing it to planned objectives, and taking corrective action to ensure project success. It includes tracking progress, identifying deviations from the plan, and implementing adjustments to keep the project on track and within scope.

Project management tool?

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Asked by Wiki User

Project management software helps project managers and teams complete client requirements and manage time, budget, and scope constraints. However, with so many available options, choosing the right tool can be confusing, and people may not know just where to begin.

DeskFlex one of the Best Project Management Tool. DeskFlex Project Tool has nearly all the standard features you'd expect from a project management tool, at a particularly affordable price. Tasks are viewable in more traditional styles, with dependencies able to be set between each task. You can check more details at deskflex .com

Features of DeskFlex Project Management Tool:

  • Issues tracking
  • Time tracking
  • Group chat
  • Online reports on projects
  • Team productivity
  • Resource Management
  • Customizable Templates
  • Budget Management
  • Meeting management
  • Activity tracking

What is the difference between project manager and line manager?

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Asked by Wiki User

A Project Manager manages the work taken up by a single project whereas the Line Manager will be managing the work taken up by a line of projects.

Usually projects in organizations are aligned based on the line of business, catered to, by the project. Hence, they will have a Line Manager who manages all those projects

The Line manager will interact/liase with the Project Managers who manage the projects that fall in his line.

Where could one find courses in project management in the US?

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Asked by Wiki User

Courses in project management in the United States can be found attended at The Project Management Institute.This school teaches individuals the basics of project management.

What are the parts of project plan?

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Asked by Wiki User

The Different Parts of a Project Plan would include:

  1. Scope Management Plan
  2. Quality Management Plan
  3. Cost Management Plan
  4. Time Management Plan
  5. Risk Management Plan &
  6. Procurement Management Plan (Only in some cases)

What are the basics of project management clarity?

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Asked by Wiki User

There are many basics of project management clarity. Examples of the basics of project management clarity includes clarity, collaboration, and cognition.