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Buiness Managment Project Management

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Buiness Managment Project Management
1) What are the various cycles of project management?
Scoping the project
Planning the project
Implementing the plan
Evaluating the project
2) Explain briefly each cycle
Scoping the project, during the planning stage of a project the scope must be defined. This was done by using the work break down structure (WBS). The work break down will cover all tasks that must be completed in order to form the project i.e. the scope. The work break down structure divides the project into tasks that are then broken down further into smaller work packages. Objectives for the project must also be set. One method of doing this is SMART which stands for specific, measurable, achievable, rewarding and time bound. Another analysis tool is PESTLE which stands for political, economic, social, technology, legislative and environmental
Planning the project, this can be done with serval methods below are some of the following :
Fluid force analysis’s (what is acting in your favour and what is acting against you)
The 5C’s consider , consult , crunch , communicate , check
The 5M’s machinery, manpower, materials, methods, money
Pert diagrams (programme evaluation review technique) allows smaller tasks to be completed simultaneously.
Grant charts.
Implementing the plan, the 7’s are used to achieve these are strategy, systems, staff, skills, styles, shared values and structure.
Evaluating the project is important so that you can learn from mistakes. This can be done by using root cause problem solving. A technique that is used to find out what went wrong by asking the question why? six times.

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