The question is in regardsto project management Describe the process associated

Question

The question is in regardsto project management

Describe the process associated with: Time mandgement. Cost budgeting and mandgement. Quality mandgement associated with different auditing procedures. Mandgement of the tendefined theg and contracting procedure. Explain how variance andlysis can be used to assist in ensuFind theg completion on time, budget and to an appropriate quality. What is the role of scope definition in ensuFind theg the successful completion of a project? Describe the following costing procedures and their role in project mandgement. Ball park estimating. andlogous costing. Definitive costing. Unit costs

Explanation / Answer

a.

i. Team management

Team management is the process through which the activities and the behavior of the team members are coordinated in such a way that the team objectives are achieved effectively. through appropriate team management the resource sharing, information sharing and effective communication are established effectively.

ii. Cost budgeting and management

Cost budgeting can be considered as the financial planning process through which the forecasted expenses of the organizations are planned effectively. The relevance of appropriate management is essential for cost budgeting as the implementation and control of the budgeting is relevant for the organization. This budgeting includes the financial costs, administrative cost, production cost etc.

iii. Quality management associated with different auditing procedures

The auditing procedures enable the management to identify various pitfalls in the process so that appropriate actions can be taken to achieve high degree of quality. The auditing reports provide the management with the details regarding the positives and negatives of the process. Through this the managers can determine what can be eliminated what should be added so as to achieve the high-quality output.

iv. Management of the tendering and contracting procedure

The process of tendering and contracting procedures are considered as some of the primary role of the managers. This process can be considered as a risky part of the managerial function which has to be performed with almost care. Writing tenders and making contracts should be done through considering the legal and political aspects of the market.

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