Business Project Management 2 Essay Example | Topics and Well Written Essays - 2000 words

Business Project Management 2 - Essay Example The team of project managers handles the various activities of the project that involves competing demands for cost, time, quality and risk, managing the expectation of the shareholders and identifying the requirement. Many of the processes within the project management are iterative in nature. The reason is that there is necessity and existence of progressive embellishment during the life cycle of the project because the more one gets to know about the project the more he is able to manage the project (Young, 2013). The project life cycle is defined as a sequence of steps that forms different phases of the project. The project life cycles comprises of four steps project commencement, project preparation, project implementation and lastly project closure. Project commencement is the first step in which various opportunities and problems related to the business are identified and various solution options are prepared through development of business cases. Feasibility study is conducte d to analyse whether the solution provided will address the business problem and finally the solution is recommended. Once the solution is recommended it is approved and project is initiated. The next step is project planning. The project planning involves steps outlining the plan of the project, quality plan, financial plan, resource plan, risk plan, procurement plan, communication plan and acceptance plan. The third step is the project execution. In this phase the project gets executed according to the project plan and a series of management process are engaged in controlling and monitoring the output delivered by the project. The final step is project closure, which involves processes like delivering the final product to the customers, the project documentation is handed over to the business, the supplier’s agreement are terminated, project resources are realised and finally the closure of the project is communicated to the stakeholders (Westland, 2007; Schwalbe, 2010). Th e study aims to critically evaluate the relationship and usefulness of time, cost and quality behind the success of a project. Relationship between Time, Cost and Quality For deriving the relationship between the three factors one of the factors need to be held constant. In order to find the relation between time and cost, quality is held constant. A trade off relationship exists between the cost and the time required to complete the project. For some types of cost the relation is directly proportional while for some other cost a direct trade off is noticed. Due to these two categories of costs there is best possible project rapidity for nominal cost. By considering the relationship between the time and cost, the impact of change in scheduled time on the cost of the project can be better understood. There are two types of cost involved in a project, direct cost and indirect cost. Direct costs are those costs that are directly related to the activities of the project like equipments, material, salaries etc. If the pace at which the activity is running is increased then the cost increases, since in order to complete the project faster more resources will be allocated. Indirect cost is denoted as overhead cost; the cost that are not directly associated with the activities of the project like office space, taxes and administrative staff etc. During the project the

Swin flow Research Paper Example | Topics and Well Written Essays - 1750 words

Swin flow - Research Paper Example A person acquires flu when the droplets land into their mouths or noses (Center for Disease Control and Prevention [CDC]). The flu can be passed on before a person knows he or she is sick or when the person is sick. Majority of the healthy adults can infect others on day 1 before the symptoms can develop and up to five to seven days after the adult becomes sick. Children and people with a weak immune system can infect others for a long time. The disease is unpredictable and how severe it can be varies from one season to the other and it is dependent on the following things; (a) the type of the flu viruses spreading, (b) the amount of flu vaccine available, (c) the time the vaccine is available, (d) the number of people who get vaccinated, and (e) the conformity and compatibility of the vaccine to the flu viruses causing the illness. People at high risk of developing serious complications when they get the flu include the older people, pregnant women, young children and people with particular health conditions such as diabetes, heart disease or asthma. Between 1976 and 2006, flu-associated deaths are estimated to be in the range of 3, 000 to 49, 000 people. 2009/2010 period witnessed the first flu pandemic in over 40 years. 2009 H1N1 pandemic caused 12, 000 flu-associated deaths in the United States (CDC). More than 90 percent of the H1N1 death occurrences were among people who were younger than 65 years of age. Seasonal influenza is estimated to kill more than 36, 000 people and hospitalizing more than 200, 000 per year in the United States (National Institute of Allergy and Infectious Diseases [NIAID]) The following are some of the complications that are associated with flu; ear infections, bacterial pneumonia, dehydration, sinus infections, and deterioration of chronic medical conditions such as asthma, congestive heart failure and diabetes. Research institutes such as