What is a temporary endeavor to create a unique product which adds value to an organization?

Related

  • Project Management : Building A Unique Product, Service, Or Result?

    Project management matters because it is a way to control spending and improve project results. It may be a way to reduce risks, cut costs and improved success rates. Project management across the organization helps create a strategic value that gives companies an edge on their competitors. Being able to deliver projects on time and within budget often determines whether a company will get the next job or not. Projects have been around since beginning of time. Even a life cycle of a living being

    • 776 Words
    • 4 Pages

  • Impact Of Project Management Within Organizations

    The Impact of Project Management within Organizations In today’s global economy, every organization is steering their processes in the best possible manner to achieve the competitive edge. Project management has proved itself as viable and one of the best options to deliver preeminent business results. To understand the need of project management, it is crucial to understand why the project should be established within organizations. Projects add value to the existing operations and practices of

    • 876 Words
    • 4 Pages

  • Financial Management : An Organization

    Summary Financial management is very vital because it is related to finance of the projects of company. Financial management guides finance manager to formulate optimum position of funds. With study of financial project management, business can be protected from mismanagement of capital. Financial management works under two theories. One theory controls bad sources of fund. This theory explains that the policy makers should think about cost, risk and control; and these things could be make minimum

    • 1353 Words
    • 6 Pages

  • Design Management And Modern Project Management Essay

    Introduction Project management is ovary found in many scenarios. It is a universal practice that comprises few basic concepts. In essence, every project in the world will require project management. Project management has different sides and variations. Nonetheless, the basic principles are the same for the different varieties. It is important to note that each variation has unique features. These features are used to address unique problems and conditions as specified by each domain. Two types

    • 1656 Words
    • 7 Pages

  • Project Management : Organizations Overcome Common Problems And Challenges Of Managing It Projects

    Extensions to which project management is able to help large organisations overcome common problems and challenges of managing IT projects. Introduction Project management has become a means of remaining competitive and deliver results consistently for businesses, a report carried out by the Economist Intelligence Unit mentioned roughly eighty percent of global executives believed having project management as a core competency helped them remain competitive during recession period (Gale, 2009, p

    • 1770 Words
    • 8 Pages

  • Functional Areas of Business Essay

    Areas of Business: Operations and Project Management Gregory J. Deschapell MGT521/Management February 12, 2013 Dr. Rosamaria Murillo Functional Areas of Business: Operations and Project Management There are several functional areas that compose a business. These areas frequently, if not constantly, interact with one another to ensure that the organization succeeds. This paper will summarize two of these functional areas: Operations and Project Management. We will also review the roles of

    • 1089 Words
    • 5 Pages

  • Total Ownership Costs

    Total ownership costs Introduction Total ownership cost is a financial estimate whose function is to assist customers as well as organization managers to determine both direct and indirect costs of a system or product (Contract management. 2006). Total ownership costs, as a management accounting concept it is applicable in the full cost accounting. In addition, it is applicable in ecological economics where in includes social costs among other costs. When it comes to manufacturing, total ownership

    • 2248 Words
    • 9 Pages

  • Difference Between Project Scope And Scope Management

    Schwalbe (2012, p.4) a project can be defined as, ‘‘a temporary endeavor geared towards the production of a particular product, service or result with a specified starting and ending date, designed to attain unique goals and objectives, in order to add values or bring about valuable changes’’. Project management is a noble profession but at the same time very challenging and needs expertise knowledge in order to better manage successfully projects. The reason is that, projects are not static by nature

    • 842 Words
    • 4 Pages

  • Compare and Contrast the Skills Needed for General and Project Management

    that project management is different, but akin, to more general (i.e. on-going management) Compare and contrast the skills needed for general and project management The economic development, competition and the need for planning and coordination of large and complex projects have forced innovation in management theories and techniques. This need has created a space for a new position in the organogram of traditional organizations. This new post is for managing unique tasks of projects which

    • 1851 Words
    • 8 Pages

  • Activity Based Management (ABM)

    1.0 Introduction Activity based management (ABM) is a method of identifying and evaluating activities that a business performs using activity based costing (ABC) to carry out a value chain analysis or a re-engineering initiative to improve strategic and operational decisions in an organization. ABM can be divided into operational and strategic. Operational ABM is about “doing thing right”, using ABC information to improve efficiency. Those activities which add value to remain in business can

    • 2850 Words
    • 12 Pages

What is a temporary endeavor?

A project is a temporary endeavor undertaken to create a unique. product, service, or result. The temporary nature of projects. indicates that a project has a definite beginning and end. (

What is a temporary endeavor with a purpose to create a unique product service or result?

A project is a temporary endeavor undertaken to create a unique product, service or result.

Which of the following is a temporary endeavor undertaken to create a unique product service or result quizlet?

A project is a temporary endeavor undertaken to create a unique product, service, or result. A Project is a planned set of activities. A Project has time, cost, quality and resource constraints.

What refers to a temporary endeavor with a specific goal?

Question: A project is a temporary endeavor undertaken to produce a unique product, service, or result. It has a defined start and endpoint and works according to a specific goal and objective.