The paper "Project Management and Operation Planning " is a great example of management coursework. Chart flows can be used to produce accurate timescales for projects. Therefore, this helps to ensure that the various parts of a project are completed within the required time. Chart flows show the responsibility of each person and the expectations from the projects. Also shown is the breakdown structure of projects, how team members are required to work together on projects and how different works relate to others. Information from the chart shows the project manager how many people are working on the project, the progress of the project and helps analyze if the project is in line with the initial expectation.
It provides timely correction and errors improving and enhancing project completion. Budgeting affects the financial aspects of a project. Acquiring raw materials, personnel, government licenses and other factors that are associated with a project requires money. Budgeting, therefore, helps keep track of the expenditures of a project to ensure it does not become incomplete due to lack of money or related resources (Kerzner, 2013). Budgeting also helps assess the viability of projects to see if they are profitable or not.
However, this helps people engage in successful projects preventing unfinished projects that are not viable Time is a very crucial factor in project management. Time affects projects in that: projects are usually undertaken with consideration to the market and environmental conditions to make gains. The Schedule of projects help projects be in line with the objectives of the project and to have favorable market and environmental conditions. For example, a school project construction is set to be completed when schools nearly open.
Untimely construction will negatively impact their goals. Human resource has a significant impact on the quality and effectiveness of a project. Whether it is in manufacturing, marketing, construction or public relations, Hiring skilled and experienced personnel enables quality, reliability, durability and overall success of a project. It allows the attainment of set project objectives. Hiring unqualified staff leads to errors, untimely completion, and poor quality projects.
ReferenceKerzner, H. R. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.