Updating and Renovating of Photo Shop - Project Management Essay

Executive Summary

This paper demonstrates a project example - upgrading and renovating a photo shop in light of project management literature.

It firstly gives the definition of a project and attempts to practice the desired project accordingly. It provides a brief background of the project and sets the project scope. It then shows Work Breakdown Structure and Gantt Chart of the project. The paper also gives the budget estimation and discusses the boundaries for the project. This finally analyzes risks of implementing the desired project.

As a conclusion, the paper attempts to demonstrate the validity of the project comparing with the related literature.

Contents

Executive Summary............1

Contents...............2

Introduction..................3

What Is Project?..............3

Background of the Project........4

Project Scope.............5

Work Breakdown Structure (WBS).........8

Gantt Chart...........9

Plan of the Project............10

Project Budget.................13

Risk Analysis......................13

Conclusion.............14

Bibliography...........15

Introduction

People have been planning and managing projects since the dawn of time. Whenever and wherever civilizations took root, there were projects to manage: buildings to erect, roads to pave, and laws to write.

Project Management Lifecycle

Agile Project Management

English: Every project is implemented under three ...

Without the advanced tools, techniques and methodologies we have today, people created project timelines, located materials and resources and weighed the risks involved.

Over time, people realized that the techniques for cost control, timeline development, resource procurement and risk management were applicable to a wide range of projects, whether erecting bridges, rotating crops or deciding how to govern themselves. These early ideas were the precursors to a set of management techniques that are today known as "modern project management".

In new millenium, savvy customers demand more and better products and faster services; time-to-market pressures force greater efficiency. Modern organizations have come to realize that project management provides many advantages in satisfying customer needs and surviving in intensive competition. A project of IBM such as developing business solutions for a large corporation or a...