Procedure of Project Management

The conclusion which I conclude is that it is essential need to improve different departments of Renfrew especially the logistic system. Because poor logistic system give birth to  all other problems. With the poor logistic system the management of the warehouses is very poor and lazy. Renfrew is world recognized brand which provide branded products to customers, and customers are also satisfy with the goods of  Holt, but Renfrew have very poor management in all departments of their business. The processes of doing business are not so good. Because small mistake of Renfrew can become cause of great loss. Therefore Renfrew do not take it easy. And use latest technology and new ways of doing business for to satisfy their customers and to increase market share. Otherwise it become difficult to maintain the image of the company.   

A6-Project Management

 

 

  1. Introduction

Methodical approach to planning, organize, controlling resources, motivating and protocols in order to achieve the particular goals of the project from the start to finish is project management. Project management is an important aspect of the business. There is lot of benefits of the project management as discuss in the definition. Moreover, this estimates cost, time of the project completion and other streams of the project (Cleland, Gareis, 2006). This is more critical and critical to manage the project. Project mostly is the specific or particular tasks to perform. The project management and its tools can apply to any of the projects in both public sector and commercial sector. The project management also helps to produce a unique product or service as the outcome. The nature of the project also effects on the operations of the company and its functional activities to produce the service or products (Hill, 2010).

1479 No doubt it is a big decision but it will work in long run. Renfrew have to have to develop and update the method or process of business and also have to use latest technology. For to increase efficiency it is necessary to provide training to the workers or staff of Renfrew. Renfrew have to manage every operation of business in a proper way. Renfrew have to organize proper meetings with their staff or employees in which current problems of business be discussed with each other. In the months of peak when business is at the top level Renfrew have to make some different strategies and plan. And have to provide good information to staff and other relating to the business. Renfrew have to develop every process or system of business. Because it is need of time or is necessary to satisfy the customers. As the store is currently stock out while there is no enough space in DC. For immediate meeting demand outsourcing can also be done but for long term it is very important to train their staff and to increase the space of DC for further future problem handling. If merchandise in secondary warehouse are not enough to meet the demand then immediately outsourcing plan can work but before implementation of this plan also do cost-benefit analysis of this plan with second plan in which spacing can be increased by cost of $ 1 million in purchasing space for DC. In that case company will continue processing and also increase labor force for fast processing. This labor can be hired on contract up to the time when companies condition becomes stable later. Processing system in DC also can be increased by adding fast moving process system. This will also generate good results. Renfrew should not use the way of out sourcing for long time because it is very costly way . but for short time its god for Holt. Renfrew have to make such kind of strategies which give benefit for long time, because outsourcing, hiring more labor, purchasing the new warehouse are not the solution of this problem. Conclusion: The conclusion which I conclude is that it is essential need to improve different departments of Renfrew especially the logistic system. Because poor logistic system give birth to all other problems. With the poor logistic system the management of the warehouses is very poor and lazy. Renfrew is world recognized brand which provide branded products to customers, and customers are also satisfy with the goods of Holt, but Renfrew have very poor management in all departments of their business. The processes of doing business are not so good. Because small mistake of Renfrew can become cause of great loss. Therefore Renfrew do not take it easy. And use latest technology and new ways of doing business for to satisfy their customers and to increase market share. Otherwise it become difficult to maintain the image of the company. A6-Project Management IntroductionMethodical approach to planning, organize, controlling resources, motivating and protocols in order to achieve the particular goals of the project from the start to finish is project management. Project management is an important aspect of the business. There is lot of benefits of the project management as discuss in the definition. Moreover, this estimates cost, time of the project completion and other streams of the project (Cleland, Gareis, 2006). This is more critical and critical to manage the project. Project mostly is the specific or particular tasks to perform. The project management and its tools can apply to any of the projects in both public sector and commercial sector. The project management also helps to produce a unique product or service as the outcome. The nature of the project also effects on the operations of the company and its functional activities to produce the service or products (Hill, 2010). Procedure of Project ManagementThere are different types of the project run in the business. However, the process or procedures of the project management fall into five categories. These are: Initiating Planning Executing Monitoring and Controlling Closing InitiatingAccording to Cleland & Gareis, (2006) the nature and scope of the project is determined or initiate at the first step that called initiating. This is important step therefore; need to handle with care. If the project not discussed properly or execute properly at the first step then this is unlikely possible that projects fulfills the basic needs and meets the requirements of the business. The proper control is required at this stage for the in depth understanding of the project, environment and making of the business that give surety for incorporate controls during the project (Hill, 2010). This step also recommends and elaborates the deficiencies of the project. This includes the analysis of the stakeholder, project charter and financial analysis of the budget and the cost and benefits. PlanningThe second stage is planning stage after the initiating of the project. This shows the appropriate level of detail about the entire project and possible outcomes from the unexpected environment and the working conditions. Generally, the planning of the project includes The scope statement Selection of the planning team Breakdown structures Identifying deliverables Formal approval to start the work on the project Developing the schedule Budget planning Establishing the resource requirement of the activities Identification of the activities that requires for the project The logical sequence of the networking of the activities The estimation of the cost and time required for the activities ExecutingThis consists of the well-defined processes used to complete the work defined in the projects. The modes, tools and process used in the project depend on the type of the project, nature of the business and the time duration of the project. Every company and project has its own requirements therefore; a specific model of the project management is not applying on all. However, these plans or models are necessary for the accomplishment of the projects and its requirements (Van Well-Stam, Lindenaar & Van Kinderen, 2004). Monitoring and ControllingIn the phase of the controlling and monitoring all, the operations of the projects observe and monitor. The purpose is to identify any problems in the projects and identify the potential outcomes of the projects. If there can a problem during project this try to resolve at once in order to avoid big loss on the completion of the project. Therefore, the plan made must timely review so that corrective action can take. Moreover, this also makes sure that the project is going in the right direction as it documents in planning. The variable cost of the project also observed so that the necessary changes made in the activities to control the variable cost and to avoid any loss (Cleland, Gareis, 2006). ClosingClosing refers to the ending of the project. This includes the two types of closing. One is the project closing and the second is the contract closure. In the project, closing the work of the project is completed the task done effectively. While contract closing means that, the contract between two parties on a single project or more than one project is completed. The contract performed according to the requirements therefore the contract also close. The administrative activities also closed on the completion of the project (Field & Keller, 1998). Tools of project managementSome tools used in the project management of the regular productivity and the adoption of the work on the project. These tools used in all domains and in all projects. These are project plan, milestone checklist, Gantt chart, project management software, project review, delivery review and score cards (Nicholas, 2014). Project PlanAll the ventures that ought to overseen by a task chief ought to have a venture arrangement. The task arrangements are subtle elements numerous parts of the venture to execute. Above all else, it points of interest out the venture scope. At that point, it portrays the methodology or technique utilized for tending to the undertaking extension and task targets. The technique is the center of the undertaking arrangement. The procedure could change relying upon the task reason and particular undertaking prerequisites. The asset allotment and conveyance timetable are other two principle segments of the task arrangement (Hill, 2010). Milestone Checklist This is one of the best tools; the project manager can use to determine whether he or she is on right path in handling project. One of the best devices the venture administrator can use to figure out if he or she is on track regarding the undertaking advancement. The undertaking supervisor does not need to utilize costly programming to track this (Cleland, Gareis, 2006). The undertaking supervisor can utilize a basic Excel format to carry out this employment. The development agenda ought to be a live archive that ought to upgrade a few times a week. Gantt chartThe project schedules and activities show with the help of Gantt chart. This help to manage he independency of the every activity in the project. These types of the charts used in every type of the projects and the business in all over the world. The Gantt chart defines the ending and starting of the project. The activities and the time required for each activity is also define with the help of the Gantt charts. The presentation and outer look of the chars tar every good and feasible yet this is a complex task to perform because a single project has number of the activities involve in it. Project management SoftwareThe use of technology and computer at workpeople makes the work more easy and effective. Moreover, this also includes the accuracy of the work. There are different types of software available in the market for making plans and scheduled of the project. Moreover, these types of software also elaborate and identify the activties and help to draw Gantt charts. Delivery ReviewsThese reviews just take the operations and the check the requirements of the projects. Moreover, this also includes that the project team is delivering the requirement of the customers and project is going according to the requirements and the plans. There is a third party involvement in the delivery reviews. These are supervisors of the project and most probably, this third party is from the internal of the project party. The quality of the work may decide to accept or reject the delivery reviews and the non-compliances (Van Well-Stam, Lindenaar & Van Kinderen, 2004). Project ReviewsA thorough undertaking survey system is an awesome instrument for task administration. More develop organizations have a tendency to have more strict and extensive venture surveys rather than fundamental ones done by littler associations (Hill, 2010). In venture surveys, the undertaking advancement and the adherence to the procedure norms are primarily considered. As a rule, undertaking surveys are joined by task reviews by a third gathering (inward or outside). Score CardsIn terms of execution of the venture group, a scorecard is the method for following it. Each undertaking director is dependable of getting to the execution of the colleagues and reporting it to the upper administration and HR. This data is then utilized for advancement purposes and human asset improvement. A complete score card and execution evaluation can put the colleague in the right position (Nicholas, 2014). Critically evaluate the project management processThere are five stages of the project management process, which carry out in all projects without considering the nature. These processes are very important to take into account. By doing these steps, a person or manager can save, lot of time and cost of the project. Moreover, the operations and functions of the projects are easily organize and evaluates (Field & Keller, 1998). The initiating, monitoring, and controlling are the most important steps for the success of the project. This is also essential that the project manger has a skillful and experience person so that he can easily observe those problems and issues that not identifies during the planning stage. In addition, the planning can help to allocate the resources according to the need and requirement of the project. This save cost for the business. This is hard to get success in the project without following the process of the project management. The successful completion in time and according to allocated budget is an evidence for the efficiency of the project. Multiple Dimensions of Project successThe projects not treated as the isolated by the organizations in linear plans that can complete or finish with various formats of the reporting, status meetings and technologies. The multidimensional projects means a single project has various aspects. Many activities are interconnected. The use of the material and other things that outsource from other suppliers are the multidimensional in the project (Van Well-Stam, Lindenaar & Van Kinderen, 2004). The projects that completed on time and in budget is the success of the projects. In the multidimensional project this is necessary to take every with care. The success of the multidimensional project bases on the separate secure portals for the developers. Marketing, customers, and the consultant play a significance role in the project management. The multidimensional project is mostly the commercial projects that require a large pool of the stakeholders and the customers also. The customers are a type of shared environment contains the information and data about the project management. The use of different software and different cross-functional teams are keys for the success of the multidimensional project (Nicholas, 2014). The number of the teams and their areas of the expertise are the essential for the management and success of the projects. There is need to make associations of all the business and its components that related with the project support the process of the repeatable project infrastructure. These include the enablement of parallel and the sub projects for the automation of the projects (Van Well-Stam, Lindenaar & Van Kinderen, 2004). The success of the successful multidimensional project would broad and role based views for the high-level reporting, interaction, project planning and analysis of the whole projects. The main and important thing in multidimensional project management is the skilled workforce and recourses. Moreover, there is also need of the different places for the management of the more than one project running together or side by side (Field & Keller, 1998). Public Sector Projects and Commercial sector ProjectsThe public sector projects are those projects that run by the government of a country for its people and state. These are public sector projects. This project includes the development of the infrastructures, transportation, dams, electricity, hospitals, schools, industry and may others. On the other hand, the commercial sector programs or projects are those that are establish by a private person. These are not for the public. For example, new plant of Apple, the Volvo launches and built manufacturing plant in the Saudi Arabia. These are the commercial or business projects (Nicholas, 2014). The difference is that public project is equally for all the persons. The commercial projects are for the profit earnings. However, the commercial projects are providing the employment for the people and the helps to share the burden of the government. Both the sectors have their own importance and value in the economy. This is hard to elaborate that which one is good and which not good for the people. As discuss earlier, the projects are of different kinds depends on the nature of the project. Any social campaigns for the awareness of HIV, Breast Cancer or TB in developing countries are the public sector projects. According to the impact and importance of projects, the public sector projects are mare feasible and preferable upon commercial projects (Field & Keller, 1998). Public Sector Case Study (Project)In the year 2013, the government of the UK launches a public sector project for the motivational magicians, council clothing allowances and decorating skips. This project cost about £120bn. This was a huge amount that spends on this project. The outcomes of this project were that this badly fails and all the money goes wasted. The price of a single motivational magician was £19,000. The effects of this project were not feasible for the government and on public. There is lot of the reasons for the failure of this project. From the analysis of this project, this came to know that government start this project without proper planning and need reorganization. There have no evidence that show government goes and follows the project management process steps during the project. The resource and budget allocations eliminated in the project. The spending made are without and planning. Moreover, the whole project is also not organizing in a well manner way (Nicholas, 2014). ConclusionIt concludes that project management is essential in both private sector and commercial sector. This has common observation that commercial projects are more successful as compare to the public sector projects. The reason is that lack of management in the both sectors. The private sector has the limited resources and capital for the project. Therefore, the operations run with efficiency and proper planning. The public sector projects finance by the revenues collected from the taxes so the government is not taking serous planning on these projects. The project management also helps to produce a unique product or service as the outcome. The nature of the project also effects on the operations of the company and its functional activities to produce the service or products. 2292 Cuba's Academic Advantage: Why Students in Cuba Do Better in School? Background of the study Students of some schools and colleges can be able to achieve more marks on tests and secure good grades while students of some other schools and colleges cannot achieve best results. Problem not lies in the school administrations and teachers but family background and society plays its vital role in this. Students that get their admissions in good school have more educated parents and family that decides to get them admission in good school not in average school of the town. Educated parents also encouraged their children and helped them in studies. These parents support their children to achieve good scores. Social capital is a reason for success of institution and students. A good family having expectations for his children is considered to have social capital. These students can benefit from this social capital. They can perform better in education. James Colemen in 1996 also explained this fact that background of student’s family has an impact on academic achievement. He argued that those families having less social capital could increase it by participation in social networking. For Cuba this result does not applies as study by Martin Carnoy found that Cuban students are performing better than others having good family background and social culture are. He analyzed his result by using results of test scores of Cuban students in math, science and language and by comparing it with the results of Chile and Brazil students. He analyzed that these two countries are rich in resources and capital. These two countries are having good social and environmental factors. These countries have students having reputable family background. However, they were unable to perform better. Cuba having poor and middle income family students performed better. In Cuba, students achieve desired and good results while it has poor resources but it has good socially supportive system. That is the reason rural students are performing better than students of urban family are. Students in Cuba use capital of their government because their families cannot generate their own capital. Carnoy analyzed that for promotion of educational activities, state can play important role by creating its own capital for those that have less capital. These low-income people can benefit from this state-generated capital because they cannot acquire their own social and cultural capital. Environment in Cuba is good and supportive that is a reason of student’s success because students need a good environment. Cuba has learning approach that is centralized to students. Cuba has certain rules and regulation of its studies. First one is students have to complete their studies at each level of school. Teachers of Cuba stay with students for 4 years. It enables them to understand each student’s mindset and skills. State of Cuba also participates in family issues of children when they feel that it is affecting studies of their students. Teachers have attractive salaries in Cuba and it hires talented professors. Statement of the problem Why students in Cuba have high grades than students having good paid-off families in Brazil and Chile. Scholars thought that academic success of students is based upon social factors and good families. This co-relation is reversed for Cuban students. Analysis of Cuba’s academic average Cuba has rules and regulations, which are made by Cuban state. These are very helpful for the success of their students. Their students are performing better than those students that are having better social and economic indicators. Students having better educational reforms by their government are having less test results than those of Cuba. Reason of Cuban student’s success is: Cuban state has allocated the labor that parents cannot change jobs and cannot move to other places easily. It provides housing and labor facilities to the people. It is necessary for students to complete their studies on each level after getting admission in school. It also helps teachers and college administration to understand students and their family history. Municipal authorities participate in family matters of students where required. Teachers play a vital role in student’s success. They are responsible for student success and failure. In Cuba, teachers are well paid and considered as good professors. Salaries of teachers in Cuba are more than salaries of other professions. They encourage good and intelligent teachers. Teachers are also given time to participate in issues relating philosophical problems. New teachers learn how to teach the curriculum of nation. They are trained well. They are trained in training institutions. They are given training about how to teach a subject. For checking the performance of new teachers, school administration monitored them. Techniques that teachers used in teaching are also monitored. Teachers are continuously evaluated by their performance in classroom. Teachers strictly follow the policies made by the state. Teachers are hired on specific criteria set by board. Qualification of teachers should be matched by criteria set by the school. All teachers are well professionals. Teachers stayed with students up to 4 or 6 years. This relationship of teachers and students is for a longer period. It enables them to understand students deeply. Mindset of each stents is different and it enables them to read out their mindset and capabilities. They better knew how to deal with each student. They inspired their students in learning process and developed interest of students in learning activities. Inspiration plays an important role in achieving the desired results. When a student is motivated, he can trust on his capabilities and skills. It helped in achieving goals. Cuban student’s success is based on factor of motivation also. When a student gets marks that are below average marks then school administration quickly revised the policies and practices. It analyzed where the problem exists in case of poor performance of more than average students. It means that there exists flexibility in policies and educational system. Social environment of Cuban is better than other Latin America’s students are. Cuban state made facilities for students of health care. Educational system of Cuba is much early than those of others in region. Educational system is Cuba is based on quality. Classrooms in Cuba based on task orientation. Cuban students having 4 hour for classroom and after lunch they participate in different activities. Latin Americans have same learning hours in classrooms. Difference is in activities that are performed by students and quality of learning. It improves hidden skills of students. Efficiency of classroom is very important part in success of students. Teachers also helped students in those activities. These activities increased productivity and performance of students. Those curriculum activities enhance and polish student’s skills. It also builds good relationship between teachers and students. Educational system in Cuba is centralized toward students. It is hierarchical. It operates for poor students. There is no corruption exists in board. School is region of the state. It allows school to resolve the problems of non-operating family. It allows finding out the problems behind non-achievement. Conclusion Teachers and centralized policies of school is the reason behind success of Cuban students. Curriculum activities with teachers and quality classrooms can never be ignored. Cuban schools are well organized and despite the lack of well-paid family background and educational reforms, Cuban students are performing better. They are showing good performance. In Cuba individual consumption is very low than that of social. Cuba’s people are poor having low income but they have better health care and educational facilities. Food as well as shelter is also provided by Cuba. This can be lesson for other rich countries to educate their students and adopt Cuban policies. Government is responsible for the welfare of economy and society. Latin America can learn from Cuban to increase their student’s performance. They can also provide better health- care and a platform for education that they deserve. Good and safe environment should be provided by government in which students can learn and enhance their inner and hidden skills. Cuban educational background cannot be model for Canadians. However, the fact is that Cuba contains people with middle or low income and it does not contain rich resources like Latin America but their policies of state are reason behind valuable students. They are producing valuable assets for their countries despite difficulties they have. Cuba proved that state-generated social capital could improve educational performance of students. 1495-10 The strategy to turn any company, firm or organization using lean always comes up with the enormous increase the improved earning outcome. Along with this cash flow and enterprise value also increases. All ultimate gains sharing system in organization is emerging trend in complex corporate world. Today’s businesses want more employee involvement to obtain and retain the already acquired competitive advantage for the sustainability of business. Therefore, this new concept has been researching at enormous level in research and development departments now a day. This new approach is to, empower one’s organization’ associates to share in the outcomes. With other things the outcomes sharing even at grass root level at organization will eventually provides a new way to thinking about the building internal social culture as well as maximizing profit at vast level. Similarly, the afore-said strategy is providing the platform where the maximum part of Lean culture grows even faster while transforming the already existing pace. At the senior management timeline, the bonus plan comes up with the dynamic objectives to measure. The ultimate objective to bonus planning within the organizations always enhances the earnings and works on capital acquired by the company at starts on equal levels. The small gains by such strategy are cannot ignore but the largest gains are there to achieve by adopting the strategy behind building up the bonus plan. The lean management incentive system has its own goods for organizations. The best method for such incentive system is to build optimal bonus structure for lean. In the best system, operating earnings are 40 percent and with this percentage, the percentage of working capital turns in also 40 percent and lastly the strategic objectives accounts for 20 percent. The afore-said figures of bonus structure accounts for 100 percent according to requirement of building the best bonus structure with the norms of Lean system in organization. The statistical model discussed above always ponder upon the materializing the gains with the actual figures centralized with the organization’s objectives. The discussed Wiremold profit-sharing plan is also constitutes some figures to show. The 15% of before tax earnings of afore-said firm and after the divide the figure with the total straight-time wages and thus it becomes the profit-sharing percentage. This outcome percentage when multiplied with the individual’s straight-time wages regarding the quarter and this whole statistical approach of senior management in Wiremold conclude with the profit-sharing check. The actualization of organization’ objectives and ultimate acquisition constitute the whole sum of Leaps of faith that is ultimate outcome of lean transformation. After acquiring the outcomes it creates platform for prospective successes in business. During the lean proceeding, the advantages will be capitalizing on the advantages that lean gives organization in acquisition process. Similarly, provisions of the cash during process, initialization of the game plan during the process and with procedural lowering of risk are some more outcomes along with afore-said outcomes. New acquisition with other acquisitions proves as more beneficial in case of profitability. The actualization of organization’ objectives and ultimate acquisition constitute the whole sum of Leaps of faith that is ultimate outcome of lean transformation. After acquiring the outcomes it creates platform for prospective successes in business. During the lean proceeding, the advantages will be capitalizing on the advantages that lean gives organization in acquisition process. Similarly, provisions of the cash during process, initialization of the game plan during the process and with procedural lowering of risk are some more outcomes along with afore-said outcomes. New acquisition with other acquisitions proves as more beneficial in case of profitability. The actualization of organization’ objectives and ultimate acquisition constitute the whole sum of Leaps of faith that is ultimate outcome of lean transformation. After acquiring the outcomes it creates platform for prospective successes in business. During the lean proceeding, the advantages will be capitalizing on the advantages that lean gives organization in acquisition process.

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