Project Management - Constraints - 1926 Words

Project Mangement - Constraints By Jasmeet Prakash A project has many factors which determine its level of manageability and success. These factors can be considered constraints which may cause delays or difficulties. The most important criteria for a balanced project is often quoted as the careful organisation of these constraints. Constraint reducing techniques are used to better equip a Project Manager for success. These techniques are accomplished through the use of practical guides or methods, improving communication and personal skill of the Manager. A constraint is a limitation or a restriction. This is anything which can delay the project. In order to figure out how to avoid constraints, it is important to first establish†¦show more content†¦This can be done through an Analytical Hierarchy Process giving each criteria a priority score. For example, On a building project, a Manager will prioritise laying a concrete foundation before the need to bring roofing tiles onsite because the roof cannot be constructed until the walls are put up, and that can only occur after the bottom floor is complete. Other more specific planning models have been made to help assist the efficiency of project management, two well known models are PMBOK (A Guide to the Project Management Body Of Knowledge) and PRINCE2 (Projects IN Controlled Environments). PMBOK is a suggested way of approaching each stage of a project working as a guide where as PRINCE2 goes through the different phases of any given project, making it a methodology. These mod els are flexible and realistic, which make them easy to use. A guide is a suggested approach, so in any project case, it can roughly apply. It is a guide because it helps plan the project which can be referred to and may point out things which may have been overlooked and therefore help eliminate the constraints which may not have been thought of. A methodology is a specific structure. PRINCE2 starts from Starting up a project to Closing a project. An example of when this is used to restrict constraints is if a Manager starts on a project immediatley after it is given and does not properly take the time in planning on how it will be completed (short term planning). A longShow MoreRelatedProject Management : The Time Constraint3014 Words   |  13 PagesAbstract There are three major constraints of Project Management: the Time constraint, the Cost constraint and the Scope/Quality constraint. As the name suggests, the Time constraint refers to the time available for the completion of the project, Cost constraint refers to the allocated budget and the Scope constraint refers to the final expected outcome. For a construction project, it is virtually impossible to achieve the best of all worlds, i.e., cheapest, fastest and of the desired quality. DueRead MoreProject Management - Constraints1932 Words   |  8 PagesProject Mangement - Constraints By Jasmeet Prakash A project has many factors which determine its level of manageability and success. These factors can be considered constraints which may cause delays or difficulties. The most important criteria for a balanced project is often quoted as the careful organisation of these constraints. Constraint reducing techniques are used to better equip a Project Manager for success. These techniques are accomplished through the use of practical guides or methodsRead MoreConstraints Management Project ( Surgical Medical Packs )2087 Words   |  9 PagesMGT 333 Constraints Management Project (Surgical Medical Packs) 1. Detailed description The custom surgical packs is a process of assembling, sterilizing, packaging and delivering surgical packs for scheduled surgical procedures in hospitals. This is a process that is facilitated by the client hospitals coordinating with their approved manufacturers of the surgical tools, instruments and linen to deliver their pre-approved list of selected items of their choice and use in a specific surgical procedureRead MorePerformance1552 Words   |  7 PagesTHE MEANING OF PROJECT: A project is a unique venture with specific start and end dates. This is different from an ongoing task that doesnt have an end date. Projects often involve different parts of an organization. Constraints on project include cost, schedule, resources, and quality. There is a give and take between these items i.e. you cant have it all. Usually projects are divisible into stages or phases each with their own set of priorities and goals. A project is an important and carefullyRead MoreTheory Of Constraint Technique Is The Elimination Of Idle Time1716 Words   |  7 Pages Another Theory of Constraint technique is the elimination of idle time. For whatever reason, idle time is also present in bottleneck resources. For instance, all employees may have a break at the same time leading to no performance during the bottleneck process. Short breaks may have a high opportunity costs since the bottleneck have a constraint effect on the entire plant output. Thus, elimination of such idle time may improve a factory s output. As a TOC technique, scheduling and sequencingRead MoreReasons For Software Project Failure Essay1131 Words   |  5 Pagesbillion, an increase of 4.8 over 2012. Many companies invest into innovative IT projects with the intention to boost new opportunities for their businesses, increase their competitiveness in the market. It implies there are millions of small and big software projects all over the world. But researches show that most of the software projects are not successful indicating huge money loss for economies. In fact failed proj ect is more than just loss of money, it’s a lost opportunities, damaged image andRead MoreDetails on the EPC Process and Approach849 Words   |  3 Pagesaccording to EPC project phases. It organises the deliverables of the project scope with cost and schedule. Each WBS is assigned to the individual representative with work packages for their estimating and performance of the tasks. Due to the limitation of this report, this section is focused only on one of the work break structure such as DCS engineering as an example which can be imitated to the other work packages and tasks. The project scheduling is analyzed with theory of constraints and CCPM comparingRead MoreCase Study Management : Master Of Project Management Essay1349 Words   |  6 PagesName : Project management Program : MASTER OF PROJECT MANAGEMENT Semester : ONE/ MAY SEMESTER 2015 Assignment : ORGANIZATIONAL AND BUSINESS MANAGEMEN Facilitator : ISMAIL ALOW Date due : 02/07/2015 Submission Date : 29/08/2015 Table of Contents 2 1.0 Introduction 3 2.0 Literature Review 5 2.1 Schedule 5 2.2 Cost 6 3.3 Scope 6 3.0 Discussion of Triple Constraints 7 4.0 Discussion on execution of the three elements by Project ManagerRead MoreThe Relationships Between Scope Definition and Time Management1358 Words   |  6 PagesRELATIONSHIPS BETWEEN SCOPE DEFINITION AND TIME The Relationships Between Scope Definition and Time Management The relationships between scope definition and time management have as many similarities as they do differences. Scope definition basically, is knowing exactly what needs to be accomplished. This is the first step in accurately forecasting and controlling cost and schedule, which ties into time management. Using quantity surveys performed on a periodic basis are the foundation of determining whatRead MoreProject Management : Projects Management902 Words   |  4 PagesProject Management Project Management. What does the words Project Management mean and what are the steps to managing a great project. If we break down the two words Project Management it is defined on dictionary.com as â€Å"The process of planning, organizing, staffing, directing and controlling the production of a system†. As shown in the website Project Insight there are multiple different steps in the project management roll such as project scope, life cycle, objectives, assumptions, constraints

War Is Naturally Violent, And The Iliad Essay - 1606 Words

War is naturally violent, and the Iliad does not hesitate to describe the atrocities committed by men with spears and swords. They kill each other, descriptively, and although individual heroes may get glory or special recognition for prowess in battle, the detailed depictions of death do not glorify the actual acts of warfare. Even the gods and heroes are critical of taking too much pleasure in waging war, though the epic celebrates the men who are good at it. Several of the heroes, like Diomedes and Achilles, single-handedly hold off the enemy and in doing so, seem to rise above the limits of normal men. They even escape the ignobleness of death and are called â€Å"beautiful† after dying. In all, the Iliad acknowledges the realities of war and does not glorify its violent nature, but it does appoint extraordinary honors to the heroes who fight in the war. The Iliad shows the violence of war without obscuring the brutality of the bloodshed, demonstrating a willingness to show the inglorious side of war. The poem dedicates pages to chronicling the various ways men are killed, which includes being slaughtered in sleep and being â€Å"sliced through the neck, leaving only / A ribbon of skin from which the head dangled† (16.358-359). It is likely unsettling for an audience to contemplate a beheading violent enough to leave the head dangling by nothing but a strip of skin, but that is what happened and it appears to be reported without much apparent censorship. Although Homer does notShow MoreRelatedEssay On Simile In The Iliad790 Words   |  4 Pagestrademark of the epic poem. It describes an extended simile, which continues for lines on end, and the extended simile’s vehicle often describes multiple characteristics of its tenor (Cite Sharon Hamilton!). Homer uses the Homeric simile throughout The Iliad to describe the Troj an or Achaean people and/or army as a group. Yet, the Homeric simile also applies to an individual many times throughout the text, specifically, The Iliad’s protagonist: Achilles. Achilles is a complex and dynamic character. DespiteRead MoreThe Beginning Of Humanities Core862 Words   |  4 PagesHumanities Core in fall quarter, my understanding of war was primarily centered around soldiers and how killing others permanently scarred them, often leading to post-traumatic stress disorder. Being a Cognitive Sciences major, I am naturally interested in how extreme situations, such as war, affect people’s psychology. However, my focus drifted in an entirely new direction, towards civilians in wartime (See: Tags), as the year progressed and my view of war became more complex. 539w Meryl Streep in a productionRead MoreMy Final Words On War871 Words   |  4 PagesWords on War At the beginning of Humanities Core in fall quarter, my understanding of war was primarily centered around soldiers and how killing others permanently scarred them, often leading to post-traumatic stress disorder. Being a Cognitive Sciences major, I am naturally interested in how extreme situations such as war affect people’s psychology. However, my focus drifted in an entirely new direction, towards civilians in wartime (See: Tags), as the year progressed and my view of war became moreRead More Honor as the Theme in Homer’s The Iliad Essay2033 Words   |  9 Pagesironically, they were never written and were first composed in Ancient Greek—The Iliad and Odyssey. Both epics are famous for the literariness therein, but more than that is the theme that spins around the two epics—the importance of honor. In The Iliad, this is shown more than ever, and amidst the thousands of deaths, the murder and betrayal, the wrath of the gods and goddesses, the beautiful queen which caused the war, and the mythical and mystical of creatures is the pervading atmosphere and perceptionRead More Use of Color in Cranes The Red Badge of Courage Essay1643 Words   |  7 Pagesanother green world, the green world of youth. Like schoolchildren, the young soldiers circulate rumor within the regiment. This natural setting proves an ironic place for killing, just as these fresh men seem the wrong ones to be fighting in the Civil War. Crane remarks on this later in the narrative: He was aware that these battalions with their commotions were woven red and startling into the gentle fabric of the softened greens and browns. It looked to be a wrong place for a battlefield (69). GreenRead More Achilles Vs Odysseus Essay example3811 Words   |  16 PagesNevertheless, both heroes are defined not by their appearances, nor by the impressions they leave upon the minds of those around them, nor even so much by the words they speak, but almost entirely by their actions. Action is what drives the plot of both the Iliad and the Odyssey, and action is what holds the characters together. In this respect, the theme of humanity is revealed in both Odysseus and Achilles: man is a combination of his will, his actions, and his relationship to the divine. This blend allowsRead Moretheme of alienation n no where man by kamala markandeya23279 Words   |  94 Pagesancient Greece, after Athens and Sparta. Sophocles described it as â€Å"the only city where mortal women are the mothers of gods.† According to Greek legends, the city was founded by Cadmus and was destroyed by the Epigonoi in the time before the Trojan War. In the sixth century B.C., Thebes recovered its glory to some extent, and in Sophocles’ time it was still a powerful state. LIST OF CHARACTERS Major Antigone The daughter of Oedipus, the former King of Thebes. Her mother, Jocasta, was Creon’s

International Management Research Reviews -Myassignmenthelp.Com

Question: Discuss About The International Management Research Reviews? Answer: Introduction: This is to be noted that Blue Ocean Strategy is known as the significant impactful and iconic business strategy. This strategy usually denotes to the formation by an individual new company, unchallenged industry space that states the rivals immaterial and that makes new customer value frequent during costs decreasing. It is to be mentioned that this specific strategy was mentioned for the first time by Rene Mauborgne and W. Chan Kim in the popular book with their name (Randall, 2015). Blue Ocean Strategy offers a competitive benefit to the business: This is to be stated that the evaluation of a business plays an important role in order to denote the need of reanalyzing the market strategies and entry of the "blue ocean." Red Ocean It can be said that the specific company who has business strategies comprising the struggle for a portion of limited sales, comes under the category the red ocean (Leibtag, 2013). The particular business plan should engage rivalry with the other significant companies in order to rise the company share. It is evident if company becomes absolutely unsparing with the specific entries of the new rivals then the revenues expected to decrease. Therefore it is essential for a company to leave the specific red ocean and opt for the blue ocean if the rivals wish their rivalry to be inappropriate. Source Exceeds Plea: Significant companies find it easier to provide significant amount of product due to the technological improvement. This is to be noted the increasing number of production does not provide the idea that the demand for the increment does not increase as per the supply. It is evident that the companies who are under the red ocean with other significant rival companies that also have a hefty amount of supply, the rivalry and combating profit will increase. Therefore, it is always beneficial for the companies to get into the blue ocean to look for new scopes. The example of Apple can be taken where it is clearly being seen that the success of Apple was marked with its entry in blue ocean market along with the iPhone, iPad, iPod (Mickey 2013) Unappealing Industry: The absolutely new companies can wish to take a portion of the pie, diving the beneficial profits with other significant companies in the red ocean when entering to an unappealing and competitive industry. According to Mauborgne and Kim, the Yellow Tail, a significant Australian wine company, utilized the blue ocean strategy when it determined not to contest in the red ocean with the specific wine brands of French and Italian. Other Companies Imitate You It is evident if a company can work successfully in the significant blue ocean, it might appeal to the other specific companies. It can transform the blue ocean space to a red one for the company. Therefore it is vital for a company to discriminate themselves in that case. This is to be noted that Kim and Mauborgne has utilized the Salesforce.com, a consumer relationship management method, as a significant example of an individual company that reformed in the blue ocean when others take part in the competition (Williams, 2015). Analysis of two principles of Blue Ocean Strategy with my professional experience: Reconstructing market boundaries: This particular principle identified the specific paths to help me creating unchallenged industry space across the multiple domains and reducing the risk (Chandrakala, 2013). It has offered me guidance to make the rivalry irrelevant by finding the six predictable boundaries of rivalry to be exposed financially significant blue oceans. The six paths are to concentrate on: alternative market place strategic collectives customer groups alternative products service provide It needs to be analyzed on the basis of the functional-emotional dependence of a company across the specific time and zone. Build execution into strategy: This is to be noted that I have motivated to execute blue ocean strategy in order to survive with my company in the organization. This principle comprises a significant fair process as this strategy positively represents a significant withdrawal from the particular status quo (Sull 2015). The fair process has helped me both in making the strategy as per the company and market requirement and the execution of this strategy by mobilizing the crowd for the charitable assistance with the help of the execution of blue ocean strategy. It helped me understanding the management risk related to the positive attitude and practice. Conclusion: This is to be concluded that Blue Ocean Strategy plays an important role in helping a company to analyze the risk factors, plan accordingly and execute the plans in the proper way. It is evident that leaving the Red Ocean and entering into Blue Ocean has been proved to be beneficial to a significant number of companies. This report has analyzed the importance and the circumstances of the execution of the blue ocean strategies. It also records how this strategy has helped me professionally to survive with my company. References: Chandrakala, V. G., Devaru, S. D. B. (2013). Blue ocean strategy and bottom of the pyramid marketing.International Journal of Management Research and Reviews,3(7), 3080. Leibtag, A. (2013).The digital crown: winning at content on the web. Newnes. Mickey, S. F. (2013). Constructing The Prophet: Steve Jobs and the Messianic Myth of Apple. Randall, R. M. (2015). W. Chan Kim and Rene Mauborgne dispel blue ocean myths.Strategy Leadership,43(2), 11-14. Sull, D., Homkes, R., Sull, C. (2015). Why strategy execution unravelsand what to do about it.Harvard Business Review,93(3), 57-66. Williams, J. C., Platt, A., Lee, J. (2015). Disruptive innovation: new models of legal practice.Hastings LJ,67, 1.

Motivation Behind Creative Accounting Accounting Essay Example For Students

Motivation Behind Creative Accounting Accounting Essay Creative accounting is a pattern that potentially being undertaken as a consequence from some single attention more on their ain involvement and indirectly causes issues originate in ethical dimension of originative accounting. From information position, bureau theory gives a clear image on originative accounting scenario. Whereby directors misuse their privileged place in pull stringsing fiscal coverage in their ain involvement which supplying superior information content to stockholder. Lack of personal accomplishment or involuntariness to transport out elaborate analysis doing single stockholders do non hold the clear position on the consequence of accounting use give a high possibility in the incidence of originative accounting. Definition of originative accounting In the USA, the preferable term of originative accounting is net incomes direction , nevertheless in Europe the preferable term is originative accounting . Generally, originative accounting is accounting pattern that falls outside the ordinance and give benefit to certain people. It can be described as a pattern with a clear purpose to disrupt the fiscal coverage procedure which affects reported income to do it looked normal and provides no true economic advantages to relevant parties like stockholders. Concisely, originative accounting is the transmutation of fiscal accounting figures from what they really are to what users desire by taking advantage of the accounting policies which is permitted by accounting criterion. Motivation for originative accounting There are several motives have been identified in exciting the behavior of originative accounting in the organisation. These are proven by assorted researches being done in the yesteryear. First, the important incentive for originative accounting is to describe a lessening in concern income to take down the revenue enhancement paid. Second, to enable the company s public presentation appear better in future, company will maximise the reported loss to do bad loss in that twelvemonth. This is called big bath accounting for the intent in smoothing the income. Third, to supply positive position on outlooks, securities rating and decrease on hazard for analysts in awaited capital market minutess and maintain house s public presentation in analyst s outlook. Other motives are to pull strings net income in order to fit the reported income to gain prognosiss and to deflect attending from negative intelligence by hiking company s net income figure though alteration in accounting policies. Directors motives in pull offing gaining purpose to describe a stable growing in net income non merely to cut down the perceptual experience of variableness toward administration s net incomes, but besides are in relation to income measuring. In order to do company faces less hazard and derive more benefit in facet of raising fund, coup detat commands every bit good as prevent coup detat by other company. Creative accounting is needed to keep or advance the portion monetary value and make a good net income growing. To derive benefit from inside cognition, manager of the company prosecute originative accounting to prorogue the release of information to the market. Last but non least, many types of contractual right, duty and restraints based on the sum reported in the histories besides motivate company to use originative accounting. Techniques of originative accounting Creative accounting is actively applied in six countries. The first country is regulative flexibleness, whereby alterations in accounting policy are permitted by accounting ordinance. For illustration, IAS permit transporting non-current plus can be recovered at either revalued sum or depreciated historical cost in plus rating. Second, famine of ordinance by which some accounting intervention might non be to the full regulated as there is few compulsory demands. The 3rd country is direction has big extent of appraisal in discretional countries, such as premise in bad debts proviso. Fourthly, some minutess can be timed as to demo the coveted visual aspect in histories. For illustration, the director is free to take the timing to sell the investing merely to increase earning in the histories. Fifthly, to pull strings balance sheet sums by utilizing unreal dealing. Lazzaro Spallanzani EssayThere are some action can be taken by accounting regulators in order to keep originative accounting: Decrease allowable accounting method or repair method used in different status so that range for taking accounting method can be narrow downed. Companies should besides be consistent in utilizing method chosen by them. Some regulations should be established to cut down the maltreatment of opinion. For case, International Accounting Standards soon have about removed the extraordinary point from operating net income. Besides, companies should be consistent in using accounting policy to keep the maltreatment of opinion. Execution of Substance over signifier can diminish unreal dealing and this can do coupled dealing go one as whole. To curtail the usage of timing of echt dealing, point in history should be on a regular basis revaluated. The addition or lessening in value should be stated in the history each twelvemonth the reappraisal occurs. International Accounting Standards besides tends to value point at just value instead than historical cost. Besides change in accounting ordinances, ethical criterions and administration codifications must be decently executed to avoid persons from executing originative accounting. Comparison with other writer on the article presented From the survey done by Dilip and Eno in Creative Accounting in Bangladesh And Global Perspectives found that the cause of originative accounting is the struggles of involvement among different involvement groups. For illustration, pull offing stockholders want to pay less revenue enhancement and dividends. Investor-shareholders are interested to acquire more dividends and capital additions. Country s revenue enhancement governments would wish to roll up more and more revenue enhancements. Employees are interested to acquire better wage and higher net income portion. Dilip and Eno besides reported that originative accounting may originate under 3 different fiscal market conditions: Depending on the fiscal market rating of the company s future chances, company maintain alterations its portions to pull investors to lend to such portions either at par or at a premium. Aim to demo a desirable image of its fiscal conditions when the company whose portions are already listed in a stock exchange. Based on hyperbolic net incomes through overestimate of assets, undervaluation of liabilities and alteration in systems of stock rating that promote the image of company in a short clip, company holding its portions listed in the stock exchange may declare and pay high dividends. Both of them examines originative accounting in Bangladesh scenario, they found out many of the company prospectuses published in Bangladesh are based on originative accounting. An adept sentiment study besides done by them and ensue showed that although it is non clear for how long, originative accounting has been clearly pattern in Bangladesh. Creative accounting non merely being practiced in Bangladesh but it seems to be widespread globally in developed states such as UK, USA every bit good as Australia. And the instance of Enron is the most loosely known instance of originative accounting in USA. Dilip and Eno besides suggested that the codification of professional moralss should be purely overemphasized. Accounting instruction is needed every bit good as the responsible of teacher to transfuse moral values of unity, honestness and earnestness into pupil s character as it is critical to modern society, the concern universe and the accounting profession.