Report Essay Example | Topics and Well Written Essays - 2500 words

Report - Essay ExampleABC being Australia resident also wanted to directly invest in business with his friend in India. They have planned to start cottage stitching factory in name of ABC STICH in slum area of India in beginning and posterior proceed to expansion based on results. With vast variation on present in two countries business methodologies, it is agreed upon to use basic final cause management technique to evaluate business idea and its processes. 2.0 PROJECT MANAGEMENT Project is complex non- routine, one-time effort limited by time, budget and resources and performance specifications intentional to meet customer needs. To accomplish render work in due course of planning to accomplish desired results, application of project planning is genuinely important 3. There are different ways or techniques of managing a project. These techniques discusses all the activities that are expected to become part of project, possible time and elaborate required to complete each acti vity as well sequence of activities and their dependency on each other4. ABC STICH will be using the undermentioned techniques to evaluate feasibility of the project and manage it consummation Break Down Structure (WBS) Gantt chart Project / Program Evaluation and Review technique (PRET CHART). 2.1. control BREAKDOWN STRUCTURE Work Breakdown Structure as the name suggest is the breakdown of entire project into smaller chunks that identify various tasks enlarge 5. It provides break-up of task in various levels in an organized way usually presented in hierarchical form however, tabular form is also no exception6. Work Break Down is the foundational building block to initiating planning and executing, monitoring and controlling processes used in managing projects. It represents an explicit description of the scope, deliverables and outcome of the project both midland and external deliverables. Highest level defines the ultimate outcome of the project while each lower level defines more details into small job chunks in discursive manner. It only addresses the input, deliverables and output and not the process and schedule for these therefore, forming base for other techniques. 2.1.1 Few Key characteristics of Work Break down Structure are as follow Deliverable Oriented every level is aimed at producing / completing certain task or phase that makes it aligned with due deliverables. Hierarchical chemical decomposition reaction hierarchical breakdown provides more manageable pieces of work that effectively provide greater details of work that contributes to overall project in question. The 100% decree The 100% rule states that Work break Down Structure encompasses the entire scope of the project from starting to end point while including all stave processes. Every chunk of the broken structure is an important contributor in overall project completion. Presentation Method Flexibility presentation method tractability depending on the project from hierarchical to tabular or any other presentation method also makes it more adaptable to various business and project needs. 2.1.2. APPLICATION OF WORK BREAKDOWN METHOD ON ABC STICH To identify various levels, work break down structure of ABC has been so unquestionable 1. Identification of various possible locations. 2. Analysis of various locations based