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    Module 1 Question 1

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    cyrine khbou
    The document discusses whether project management can work for an insurance company whose projects are typically two weeks in duration. It explains that all projects require organized management of integration and scope, time/schedule, costs, human resources and communication, risk, and procurement. Project management can help the company set targets, coordinate resources, and sequence tasks for even short projects.

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    Module 1 Question 1

    Uploaded by

    cyrine khbou
    22 views2 pages
    The document discusses whether project management can work for an insurance company whose projects are typically two weeks in duration. It explains that all projects require organized management of integration and scope, time/schedule, costs, human resources and communication, risk, and procurement. Project management can help the company set targets, coordinate resources, and sequence tasks for even short projects.

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    The document discusses whether project management can work for an insurance company whose projects are typically two weeks in duration. It explains that all projects require organized management of integration and scope, time/schedule, costs, human resources and communication, risk, and procurement. Project management can help the company set targets, coordinate resources, and sequence tasks for even short projects.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views2 pages

    Module 1 Question 1

    Uploaded by

    cyrine khbou
    The document discusses whether project management can work for an insurance company whose projects are typically two weeks in duration. It explains that all projects require organized management of integration and scope, time/schedule, costs, human resources and communication, risk, and procurement. Project management can help the company set targets, coordinate resources, and sequence tasks for even short projects.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Answer # 1

    A major insurance company is considering the implementation of project management. The majority
    of the projects in the company are two weeks in duration, with very few existing beyond one month.
    Can project management work here? Explain.

    Project Management is an organized way to deal with accomplishing objectives through a set of defined
    tasks. These are not routine procedures because it depends on the type of project. They are uncommon
    tasks intended to accomplish a specific objective.

    All projects require a sort of organized management, doesn't matter what is the timeline and how much
    resources we do have for that project. All projects require the following management.

     Managing integration and scope


     Managing time/schedule
     Managing costs
     Managing human resources and communication
     Managing risk
     Managing procurement

    If the insurance company is planning a project, it doesn't make a difference what's the timeline of that
    project. The company needs the arrangement to set targets, look out for resources co-ordinations and
    sequence the tasks. Project management helps here.

    The company can set temporary project managers to discover what are the assets required, the
    spending limit and the time period. At that point they can arrange the exercises. Every movement can
    be viewed as a smaller than usual venture and discourse can be directed to finish it. This encourages us
    to have a reasonable view alongside minor details.

    Throughout the project, they can follow where they stand now and what they have achieved. They can
    likewise observe the deficits and right the game-plan. Toward the finish of the project, they can learn a
    lot of things.

    Answer # 2

    Do you have an official project management methodology in your organization? If so, discuss one
    difficulty with the way it is used. If not, explain how it may help your organization.

    My organization is a MEP consultant firm which refers to the parts of structure plan and development.
    MEP design is significant for arranging, basic leadership, exact documentation, execution and cost-
    estimation, development, and working/keeping up the subsequent offices.

     The methodology is utilized in my association :


     We do projects. We will give you a detailed broken down into project phases, and well-defined
    deliverables for each phase.

     We are task-arranged. We will go the additional mile to meet our commitments. We might want
    you to consider us your very own mechanical engineering division.

     We utilize a dynamic-group approach. Our talented mechanical engineers will work intelligently
    with you to accomplish the expressed objectives. You use (and pay for) just the assets required
    at each period of the task.

     We utilize just experienced mechanical engineers. We will never approach the customer to pay
    for the "development" or preparing of an unpracticed expert.

     We give our own best in class CAD frameworks.

     We energize and direct incessant surveys. We can without much of a stretch oblige customer
    audits anyplace with the utilization of illustrations.

     We ensure and improve your Intellectual Property. We add to our customers' item development
    by usefully and innovatively testing the prerequisites given to us.

     We work to build long-term relationships. Our mission is to help our clients create successful
    products through excellence in mechanical engineering Take a look at some of our client
    commendations.

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