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PM Group Assignment
PM Group Assignment
and when
one thinks of customers, one thinks of trust, quality, company promises, and so on. Take, for example,
Google, Facebook, Wal-Mart, and, shortly, Amazon... these companies have worked hard to earn their
brand names, and we can see how they handled their staff and customers. The majority of their attention
was paid to consumer and employee happiness. They have long-term objectives and a strategy for
achieving them in light of shifting market conditions. Initially, many organizations may have encountered
numerous obstacles; nevertheless, in order to address these concerns, they have created a set of rules for
employees and consumers in order to promote the company's and management's growth. Employee
satisfaction has been a priority for these businesses. Treating your staff as if they were internal customers
is a good way to go about it. One of the most crucial aspects is that they began utilizing cutting-edge
technologies and executing growth-oriented strategies. In different parts of the world, all corporations
treat their employees the same way. They may vary depending on the region, but for the most part, they
treat all employees equally. They do have a set of policies that apply to all employees in the organization,
regardless of where they work in the world. In terms of perks, Assume that different companies offer
different benefits. Let's talk about Google for a moment.
Reference
https://www.chegg.com/homework-help/watch-video-famous-company-google-apple-walmart-
focuses-trea-chapter-9-problem-1e-solution-9781305536982-exc
In simple world it means visionary. The project manager should first create all
thing in his head before start doing any physical activity. Project managers will
recognize this habit as the combination of the first two phases of the life cycle of a
project, Concept and Development. From a project management perspective, this
habit answers the question, “What are the things this project should accomplish?” and
it emphasized on management-by-objective. But without first defining what the final
product characteristics should be, it is almost impossible for the part to be designed.
And project manager should start with the end in the mind.
Habit Three: Put First Things First.
In short in mean breaking down the sequence of actions and tasks and prioritized the tasks.
Prioritizing tasks is an important aspect of effective project management. As the project
progresses, a detailed understanding of the relative importance of the tasks will provide
invaluable support as project decisions and tradeoffs are assessed. This will also assist the
project manager in identifying and correcting problems as early as possible. it is more
closely related to the traceability matrix that relates tasks to critical success factors and
important client quality measures.
Reference
https://www.pmi.org/
https://www.tutorialspoint.com/
it sounds crazy but google give five months with full pay: salary, bonus, stock. Google treats its
employees to parties and outings like ski trips to Vermont and picnics during the summer. The
20 percent allowance for projects of their own interest is one step in this direction.
References
https://amrc.org.hk/
https://www.huffpost.com/
https://blog.kickresume.com
4. Projects necessitate collaboration, and team members must communicate with one another for a
variety of reasons and via a variety of means. Team members, for example, frequently need to keep each
other updated on their work and may use email, project management software, or social media to do so.
Such activities can be substantially facilitated by available technology, which ensures prompt and precise
communication between team members. Projects necessitate collaboration, and team members must
communicate with one another for a variety of reasons and via a variety of means. Team members, for
example, frequently need to keep each other updated on their work and may use email, project
management software, or social media to do so. Such chores can be substantially aided by available
technologies. The methods and frequency of communicating varies from project to project and the most
important considerations the complexity of project. Simple projects require minimum of communication.
complex projects require more communication planning and execution, relatively straight-forward even a
few people on the team. The project team Can Often handle the communication through informal
Channels as one-on-one meetings or calls to all of the team members etc. When the complexity grows, the
communication needs to be high, Now the project team must spend dedicated time keeping everyone on
the project aware of status, issues. and changes. Also. there are usually many meetings on complex
projects. Once the complexity grows to the size of a Complex Program, the program manager is spending
virtually all of his or her time doing communications with team.
Teleconferencing:
Teleconferencing between multiple participants in two or more locations is a strategic communication
tool deployed by many project teams with multiple locations and dispersed employees Business cyclical
shifts and economic downturns tend to see a rise in the use of teleconferencing facilities. Used judiciously
and strategically. teleconferencing can enhance organizational productivity, engage employees at all
levels and reduce travel budgets. One of the most-apparent benefits of teleconferencing is reduced travel.
Businesses with multiple offices can hold discussions. share critical information and conduct other
meetings with employees through teleconferencing, Teleconferencing frees up time for company
executives to finish tasks and execute assigned roles in their own locations or home bases. Time saved
from reduced travel Can be used more productively, During economic downturns. teleconferencing sees
resurgence in popularity as an effective communication and interaction tool. Companies report significant
savings in travel and human resource budgets. Teleconferencing allows dispersed employees to
communicate with coworkers at headquarters. conduct long-distance meetings and strategic discussions.
and share grievances and other human resource issues. getter employee engagement. understanding of
roles and effective use of time lead to enhanced productivity. Teleconferencing systems and tollfree, dial-
in access facilities make it possible for companies to schedule Shortnotice or ad-hoc employee
teleconferencing meetings or discussions.
Emails:
Emails Can organize daily correspondence, send and receive electronic messages and save them on
computers. Emails are extremely fast and they delivered at once around the world. no other form of
written communication as fast as an email. The language used in emails simple and informal, we can
attach the original message so that when answering the recipients knows what talking about, Emails do
not use paper they are environment friendly and save a lot of trees from being cut down.
E-Reporting:
E-report means a report transmitted to, or otherwise forwarded to, the receivers which is Exchanged in an
electronic format. E-Reporting has made the traditional paperwork and its complexity a thing of the past
and it has many advantages. It has made possible to transmit invoices, statements, remittance advice.
purchase orders to the company's customers and suppliers by using emails and faxes. Some companies
also use it to make periodic reports to the government regarding the way they handle hazardous waste
generated by their company etc. Different companies use different E-Reporting techniques as per the
needs of their business. However. the general view is that E-Reporting is advantageous, time, money and
energy conserving. It Conserves time, money and storage necessary as compared to traditional paper-
based filing systems, huge savings in postage, stationery. easier to maintain and reduction in staff
required to do the work. it not specific software or hardware dependent all that is needed is a computer
and access to the internet, latest information and error corrections are just a mouse click away, in areas
like filing tax returns, users get confirmations that the tax forms have been submitted, as well as inform
them if the file is not submitted due to transmission errors etc., is fast and easier than the laborious
manual paper based process, far organized than paper based reporting systems, as it is easier to Store all
files neatly and retrieve them if needed and easier to get instructions and clear doubts.
Reference:
1. https://pm4id.org
2. https://en.wikipedia.org
3. https://www.mitel.com
4. https://www.lawinsider.com
5. https://en.wikipedia.org
5.
Identifying Risk
1 Late delivery Due to constraints not properly expected the project delivery
date may be extended beyond the expected completion date
3 Procurement issues Procurement issues may arise during the project such as late or
damage delivery of product, or no delivery at all
4 Technology advancement New launched technology during the lifecycle of the project
may trigger a major change
5 Laws and regulation Current and new federal, state and local laws/ restriction may
trigger changes to the project requirements
Analyzing Risk
Risk Response
I. General Information
I. General Information
Impact: Budget reduction will result in limited profit or closing without completion
Risk triggers: Over expenditure or funds, incorrect ordering of supplies
Response plan: must plan and budget for a small account for unforeseen expenses
Resources need to implement the plan: Maintain reserves
I. General Information
Project name: HR Management System Project number: XXX
Project manager name: Date: April 2022
I. General Information
Impact: Depending on the technology it may be a positive or negative impact to the project
Risk triggers: Project based on old technology
Response plan: Improve the technology included in the project if possible
Resources need to implement the plan: Individuals that are able to work the new technology
I. General Information
Project name: HR Management System Project number: XXX
Project manager name: Date: April 2022
6. IT OUTSOURCING
IT outsourcing is the process of contracting out information technology tasks such as software
development, infrastructure solutions, and software support to third parties.
The following are two articles that were found on the internet.
First Article:
daxx.com/blog/development-trends/what-is-outsourcing-benefits-of-outsourcing: this article
describes overall concepts on what is it outsourcing, why organizations outsource, the importance of
outsourcing.
Second Article:
uptech.team/blog/what-is-it-outsourcing: this article describes IT Outsourcing Guide: Definition,
Types and Models, And Reasons to Outsource
Web development
Hosting
Software and application development
Website/application maintenance or management
Technical support
Database development and management
Telecommunications
Infrastructure
B. Based on the above articles the organizations are planning to
outsource mainly for the following reasons.
You Are a Domain Expert with Idea
If you're an industry expert with the idea that solves a real problem, IT
outsourcing is your choice. In this case, your main goal is to enter the
market and test the solution fast. An outsourced team will help you validate
the idea, build an MVP to check the hypothesis, and implement changes in
your product according to market needs. It saves you money, time and lets
you reach the goal.
You Have an Early-Stage Startup
It's a common case that young startups spend money faster than they get a
solid team and a ready-to-market product. The Failory found that financial
problems are the 3rd reason why startup fails. So, it makes more sense to
reduce costs by hiring an outsourced team of professionals while your
business lives on investor's money. You may employ a full-cycle product
development studio covering all the blind spots and bringing your product
to life.
You Need a Technical Support
Even if you already have a ready solution, but it demands some technical
improvements – frameworks for backend components, new language,
integrations with enterprise software, UX&UI design – it makes more sense
to find an experienced partner. There are many functions that IT outsourcing
can cover, and again it saves you the time you'd otherwise spend on looking
for qualified staff
To Reduce Cost
More often than not, outsourcing means saving money. This is often due to
lower labor costs, cheaper infrastructure, or an advantageous tax system in
the outsourcing location.
To Access Skills That Are Unavailable Locally
Resources that are scarce at home can sometimes be found in abundance
elsewhere, meaning you can easily reach them through outsourcing.
To Better Use Internal Resources
By delegating some of your business processes to a third party, you’ll give
your in-house employees the opportunity to focus on more meaningful
tasks.
To Accelerate Business Processes
When you stop wasting time on mundane, time-consuming processes, you’ll
be able to move forward with your core offering a lot faster.
C. Yes, The companies have been benefited from outsourcing in our articles. It is how
because by outsourcing, the companies can spend more time on the important activities and
accomplish the tasks which are important on time. IT outsourcing benefits are substantial,
here’s the list of some:
Save costs;
Access to professionals from all corners of the world;
Focus on big picture; speed up hiring process;
Add flexibility; Increase efficiency;
Reduced Expenses; Access to Global Talent Pool
Significant Time Savings; Ability to Upscale Fast
Uninterrupted workflow