Academic Paper from the year 2015 in the subject Business economics -
Business Management, Corporate Governance, grade: 2,0, University of
Sunderland, language: English, abstract: The following assignment
demonstrates methods, tasks and participants of project management. The
first part includes characterizations of projects and useful methods of
project management. Concerning to a certain project, the scope,
potential risks and methods are described. The second part of the
assignment describes a project, its participants and methods used, to
guarantee its success. In this aspect a special focus is laid on the
project manager, as well as his tasks in project management. The scope
of the project describes the work that needs to be done and includes the
main objectives of the project. When planning the time and budget, the
possibility of unexpected events are taken in consideration and
additional resources such as time and people for team meetings are
additionally added. Risk management deals with the analysis of potential
risks and how you have to manage them. There is a wide range of
potential risks, for example financial risks, which could be cost
overruns or budget cuts. To identify risks, the first step is to assess
the likelihood of every risk.
