There is certain project life cycle for every project, program or product in which there are particular phases of development. The managers & executives should have clear understanding of these phases in order to better control total corporate resources in the accomplishment of desired objectives. The phases of development are referred as life-cycle phases. In recent years companies of different industries or even same industries are not agreed on the universally accepted phases of project life cycle.
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Mostly projects are complex & multi-faceted and therefore certain project management skills are required for effective management of these projects. A challenge is faced for managing these complicated projects which require skills in leadership, team building, technical expertise, conflict resolution, planning, organization, administration, management support, entrepreneurship and allocation of resources.
When it comes to the introduction to project management, here it is important to understand the project management first. Project management is the field of organizing & managing resources in an effective manner, so that these resources provide all the needed work to complete a project within specified scope, cost & time limitations. In fact the project is one-time and temporary effort to develop unique product or service that results in the addition of value or beneficial change. This one time & temporary undertaking make the project different from operations or processes which are semi-permanent or permanent continuous functional work to develop same product or service repeatedly. All these facts are included in the introduction to project management.
A problem scheduled for solution is called project. The gap between the current position and the desired position is referred to as problem and there may present some hindrance that precludes the convenient movement to fill the gap.
Partnership Definition | Types of Partnership | Dissolution of Partnership: Before moving towards the types of partnership, it is s important to know the partnership definition. In partnership, probably two or more persons comes together, bring some capital and skills, works together and share the profit and loss in business as per the agreement. As compare to Sole Proprietorship, partnership has more capitals, thus it is big form of business. You need to have a legal contract for starting your business in partnership, which will show you and yours partner rights and duties. Whenever any partner left the business with mutual agreement or not or even died partnership goes ended.
How to become a good Wholesaler:- Wholesaler play a vital role for distribution of products and goods between manufacturers and retailers by keeping his own cost down (in his own terms and conditions), and by creating opportunity of lower price merchandise. The key steps which are required to become a good wholesaler are discussed as under:-
In past there were no alternative management techniques or project management methodologies that were promoting the project management usage. The growth of project management in non project driven sector was viewed during the recession of 1989 to 1993. There are many layoffs in the white collar or managerial ranks as a result of that recession. There was emergence for allies for project management and main focus was to provide long term solution to the problems. From that moment, project management was started. The project management allies started emerging in 1985 and remained throughout the recession of 1989-1993.
Span of management, centralization and decentralization all comes under the heading of authority. It is a range of subordinates who are given instructions to report directly to a particular top level manager. Span of Management is also termed as Span of Control. As per precautions, managers should neither have few subordinates nor too many subordinates. Many researches specify that there is not any entirely correct span of management for managers of any sort. Further, the span of management may be broader or narrower depending on the certain conditions of the managerial jobs. The following are a few features of the entire process of span of management.
Project conception is the first step in the process of specifying the actual scope of a project. The project conception normally begins when a requirement or an opportunity is manifested that will benefit the corporate interests and culminates when one or more prelude options have been developed which will satisfy the originally presented expectations of the company theoretically.