According to me in order to build a good relationship with your vendor the key thing is a good level of communication between the two so that they are well informed and up-to-date on the things going on. Have your vendors feel more like partners rather than just vendors by building a bond of mutual understanding, trust and loyalty by informing…[Read more]

As a Project Manager in a medical device industry I would learn to identify what are the different ways to that motivates an individual. Try to reward and provide recognition to motivate the team members on tasks that are tough to achieve but not too tough as well and would make sure that it is done consistently. Often the things that motivate the…[Read more]

For me the study did not surprise much except that making a difference should have had a higher percentage. According to me the work being exciting and challenging, career growth and development, working with great people and meaningful work/ making a difference would really motivate me to stay at the job. Liking what you do with the correct…[Read more]

The things that motivate me are the urge to bring a new change, the want to move ahead in life, to make progress and bring in new changes that will make a lot of positive difference that would not just help me but the people living in the society in a wide variety of ways, rather than being stuck with the same old things. This in general involves…[Read more]

The project manager should be the one communicating the project details within various teams. Communication being an important part of the project, I believe most of the communication within a project team should be carried out via emails and face-to-face. When having to communicate information to all of the team members or sending a detailed…[Read more]

As explained in this week’s lecture for procurement planning before choosing your vendor the team should identify the project needs which comes from having a broad understanding of the entire project and what you need, how much to get and where to get it from. Finding the vendors that provide the products with the necessary specifications needed…[Read more]

In my opinion having a common communication management plan for the company is a good choice until and unless some authority is given to make a few changes to the common communication plan depending on the needs of the project which may involve communicating with people outside the company involved with the project, contractors etc. Having a…[Read more]

Verification is a process which checks that a device or a product satisfies all the regulations or specification requirements i.e. if the input matches the expected output. As agreed by most above verification can take place at different stages of the project cycle. Verification may mostly be carried out mostly in the planning phase, development…[Read more]

I believe that depending on the situation and how negative the values of SV and CV are it would be justified to select any of the situation. However, I would choose the option 2 where the SV is negative and the CV is positive. This is because having a Negative CV would mean going over budget as planned for the project. This can somehow be overcome…[Read more]

The planning phase takes place before the execution phase. In this phase the project timeline is set with the help of the gantt chart. Here all the timelines for the tasks are set taking into consideration most of the factors that would have affected the project timeline in any manner. Also any sort of pre-planned vacation of any of the team…[Read more]

As mentioned in this week’s lecture that it is important to log all the information in the closing phase . However, it is important to log information through all the phases of the project.This is because at any given time all the members of the team should be on the same page as mentioned above in cases where any of the members are no longer…[Read more]

The planned value (PV) and the actual cost (AC) can be thought of as one the deciding factors for the success of the project. Since having an actual cost exceeding the planned cost can be a sign of poor budget planning of the project which may be due to a reason that a particular cost was not considered during the planning phase or another reason…[Read more]

The schedule variance will be negative, which means the project will be falling behind the schedule, due to a variety of reasons as already mentioned above. One of the major reasons that could affect the schedule variance negatively would be poor planned value as the schedule variance is depended on it. This is because if each phase of a project…[Read more]

Logging of working is important and has been helpful in many of my projects as it helps to understand and learn from the mistakes you encounter while working on a project. It helps to keep a track of the work being done on the project which could be beneficial later in the future. It helped me include a lot of the work that was done to be included…[Read more]

As said above planning phase is the most important phase of a project as every other phase of a project is dependent upon by this phase. Planning involves a lot factors before putting into practice this involves checking on a lot of things that involves availability of employees and the estimating the time required for a particular task with the…[Read more]

Prior to assigning a not so trivial task the wide range of time between the earliest and latest completion it would be a good decision for the team to have a meeting and discuss about best possible ways to get the task done even before assigning the completion dates so that a definite way could be found to complete the task. Apart from that a…[Read more]

A milestone is set taking into account all the possible factors that would come into play while completing the particular task. Missing a milestone would have a bad impact on the project since it would affect other tasks that are linked to the it. It would also mean putting a lot of things at stake while increasing the cost of the project. On the…[Read more]

Communication being an important part of the entire project it would be of utmost importance to explain the need for an input from all the members of the project group. This would have been explained in the first meeting. Apart from this understanding and giving flexibility in the way of giving their inputs preferred by these members and making…[Read more]

According to me one of the greatest challenges a Project Manager faces are that of communication as mentioned by most above among the many other challenges that are faced by a project manager. Sometimes a lack of communication within the project group members and between the PM and the group members can lead to a lot of problems due to…[Read more]

To minimise the risk of delay, we need to know the finish date and work in the backward direction as studied in the lecture this week. The PM should know how much time each task requires in the process, taking all the factors into consideration i.e sick leave, working hours per day and other necessary factors, we finally knows the project start…[Read more]