Project feedback can be collected from a group of consumers or evaluated by employees of the company. Health and safety regulations exist to foster a safe workplace for all employees. It is important to have a complete understanding of the nature of projects. Discuss the role of ethics in operations. Project plans should include monetary expenditures, time constraints, and any criteria. READ MORE on www.stakeholdermap.com Project management is the concept of leaders and employees handling a task including the design, development, marketing, and sales of a product. Resources for projects include capital, time, and labor. It is one of the functions of marketing. The project management process connects all other project activities together and creates the harmony in the project. In the case of project managers, the project attributes to be managed include project plans; estimates; schedule; budget; project structure; staffing; resources; infrastructure; and risk factors. Product attributes managed by systems engineers include items such as requirements allocation and flow-down; system architecture; structure of and inte… Explain the nature of project management. Discuss the importance of utilizing ethical purchasing methods. Explain the nature and scope of purchasing. Bureau of Reclamation, 2004, p. 2. All businesses have operating costs including employee salaries and facility costs. Apply project-management tools to monitor and communicate project progress. Identify resources needed for a project. If health and safety standards are being violated, they should be reported to management to prevent damage to employees or property. Newtown Square, Pennsylvania, Project Management Institute, 2004, p. 16. Report noncompliance with business health and safety regulations. project management is an interrelated group of processes that enables the project 3 Carly, Lauren. Project management is a carefully planned and organized effort to accomplish a specific objective. To achieve success as a project manager, one must understand the process and the purpose of delegating authority. Operations is the business activity of harvesting value from assets owned by a business. Business operations employees should not disclose information unless authorized and decisions should not be made unless it is permitted. The project risk management process reflects the dynamic nature of projectwork, capturing and managing emerging risks and reflecting new knowledge. Project management is a specialized, multidisciplinary, and cross functional discipline combining management, business administration, strategy, specialized subject areas, and other fields toward the achievement of project … Follow established security procedures/policies. The formal process of buying goods and/or services can increase productivity as when the company profits, employees are more likely to be motivated. Project management is a responsible process. Orders and reorders are sales contracts, or agreements between two entities agreeing for the financial transaction and tangible or intangible exchange of a good or service. Describe the use of technology in operations. They include the manufacturer, vendor, wholesaler, retailer, and finally the consumer. Vendors should be chosen based on merit at selling products to consumers. Follow instructions for use of tools, equipment, and machinery. 4 Project Management Institute. A Guide to the Project Management Body of Knowledge: PMBOK® Guide, 3rd Edition. Explain the nature of project management. It includes developing a project plan, which includes defining and confirming the project goals and objectives, identifying tasks and how goals will be achieved, quantifying the resources needed, and determining budgets and timelines for completion. Supply chain is the sequence of processes involved in the production and distribution of a commodity. Explain information privacy, security, and confidentiality considerations in business. Resources for projects include capital, time, and labor. Protect company information and intangibles. By following instructions, regulations, and precautions, employees can maintain a safe work environment. Explain the nature of project management. Explain the nature of overhead/operating costs. Debts should always be paid on time when purchasing a product. Production is the concept of designing, developing and manufacturing a product. 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