Project Management Training Manual

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Business Finance

Description

Use the linked Training Manual template for your training manual.

The Training Manual will include screenshot (Links to an external site.)Links to an external site. examples and explanations of work breakdown structures (WBS), critical path analysis, and a weighted scoring module (WSM) that you have created in prior weeks. Be sure to update these examples based on any new criteria presented in these instructions. Prior to completing this final project, review Chapters 9 and 10 in your textbook. Include feedback you received on the previous assignments, knowledge you obtained in the class, and your research so that the training manual will reflect project management best practices.

The Project Management Training Manual must include the following elements:

  1. Introduction
    • Explain what a project is and how project management improves an organization’s success.
    • Summarize the five process groups in the project management life cycle.
  2. Initiating/Pre-Planning/Project Selection
    • Explain the pre-planning stage of the project management lifecycle.
      • Explain project management terms, tools, and techniques that are applicable to the pre planning/project selection stage.
    • Describe various approaches for selecting projects.
    • Describe the importance of project stakeholders, sponsors, and project teams to the success of the project.
  3. Planning
    • Explain the planning stage of the project management lifecycle.
      • Explain project management terms, tools, and techniques that are applicable to the planning stage.
    • Using the WSM template from Week One and the criteria found in the Cool Widgets scenario, create a WSM model that will help select the appropriate training resource company to outsource the employee training in Cool Widgets’ NY branch. Be sure to incorporate any applicable instructor or peer feedback you may have received about your work on the WSM in Week Two. Using the criteria from the Cool Widgets scenario, create the WSM and insert it as a screenshot (Links to an external site.)Links to an external site. into your manual. Explain the purpose of the WSM. Supply the rationale for the training resource you chose based on the WSM results.
    • Explain the WBS, project milestones, and the critical path and how these elements relate to the project’s status.
    • Create a WBS in Microsoft (MS) Project, or modify the example you created in Week Three, taking into account both instructor and peer feedback (as applicable), and include a screen shot of it as an example in your training manual. Make sure the example contains the appropriate level of detail so the reader understands the context.
  4. Executing
    • Explain the executing stage of the project management lifecycle.
      • Explain project management terms, tools, and techniques that are applicable to the executing stage.
    • Create a status report, or modify the example you created in Week Two or Week Four, using your Cool Widgets training project plan and taking into account both instructor and peer feedback (as applicable). Your status report must contain a WBS, a critical path analysis, and a project cost management report. Make sure the status report is clear and succinct and contains the appropriate amount of detail that a reader would need to understand the context for the report. Copy and paste the status report into your training manual. Explain the importance of presenting a clear project status report to stakeholders.
  5. Monitoring and Controlling
    • Explain the monitoring and controlling stage of the project management lifecycle.
      • Explain project management terms, tools, and techniques that are applicable to the monitoring and controlling stage.
    • Explain project cost management and how this relates to the project’s status.
      • Create a project cost management report using Microsoft (MS) Project and the data you’ve entered for your Cool Widgets training project. Include a screen capture of the cost management report in your training manual as an example.
  6. Closing
    • Explain the closing stage of the project management lifecycle.
      • Explain project management terms, tools, and techniques that are applicable to the closing stage.
    • Explain what a lessons learned report is and its importance for future projects within the organization.

The Project Management Training Manual

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Explanation & Answer

Hi bro, here is the final complete work. I have attached all materials, analysis, and the diagrams i drew for the project. In case you have any rectifications that you would like made on the paper, feel free to communicate. Thanks buddy

Cool Widgets, Inc.

Training Manual
Your Name, Course, and the Date of Submission
This training manual contains a deep analysis of all project management aspects involved in
making any project successful. From cost to time management, this manual scrutinizes all
planning processes involved until a project is executed and implemented. This manual also
analyzes project management tools, terms and methodologies.

Training Manual
•••

Introduction
A project is planned undertaking of related activities that are aimed at achieving a general
objective. These activities are arranged sequentially in a manner that they exhibit some form of
dependence. Some activities may be fully dependent on others while some may have partial dependence.
Project management is the collective process of planning and controlling the development of a
project. It is very critical to the success of any organization. Most organizations roll out strategic plans
after a fixed period. These strategic plans consist of projects to be undertaken to boost the returns on
investments made by the organization. Project management improve the success of an organization in
the following ways.
1.

Time management

Time is critical factor while documenting an organization’s success. Therefore, while setting up
projects, the timing should be in such a way that, it falls perfectly with an organization’s financial year
or long term strategic plan. Project management provides mechanisms to divide a project into tasks with
defined execution time. This organization of tasks will help in filing documentations such as cash
inflows and outflows from a project. Without, project management, activities in project may turn out to
be uncoordinated and worse off, unsuccessful.
2.

Cost management

Without prior planning, an organization cannot quantify the amount of resources to inject in a
project. This makes accounting a difficult process. Project management provides cost estimation tools
for the various aspects of a project. As such, it is easy to determine the amount of resources that a
project will require. Project management also give room for additional costs that may be incurred
outside the original budget.

Introduction  1

Training Manual
•••

Process Groups in Project Management Life Cycle
There are five stages in the project management life cycle of any project. Depending on the
nature of the project, the activities within these stages may vary. The five basic process groups include;
project initiation, project planning, project execution, project control, management, and closing the
project.
Project Initiation Phase
At this stage, the project to be undertaken is selected. The size and scope of the project is
determined. The size of the project is the total number of tasks and sub tasks that need to be done in
order to complete the project. The scope is how wide the subject area is. The complexity of the project is
also determined.
Project Planning Phase
At this stage, the project is broken down into clear and precise activities. Additionally, the work
to be carried out in each activity is defined. This enables prior allocation of resources for the rest of the
project.
Project Execution phase
This is where the actual project is undertaken. The activities and job descriptions of these
activities are carried out with the aim of achieving the desired objectives identified at the initiation
phase.
Project Control and Management phase

Introduction  2

Training Manual
•••

In this phase, project management activities are carried out. This is mainly done through
controlling how resources are used within the project. The project manager also uses his or leadership
skills to coordinates how personnel carry out project activities.
Project Closing Phase
The project ends in this stage. This may be due natural or unnatural causes. A natural end would
mean the project is complete while an unnatural end would mean that the p...


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