Report Essay Example | Topics and Well Written Essays - 2500 words

penning - Essay ExampleABC being Australia resident also wanted to directly invest in business with his friend in India. They have planned to start cottage stitching factory in name of ABC STICH in slum area of India in beginning and later proceed to working out based on results. With vast variation on present in two countries business methodologies, it is concord upon to use basic stomach management technique to evaluate business idea and its processes. 2.0 PROJECT counselling Project is complex non- routine, one-time effort limited by time, budget and resources and performance specifications designed to meet customer needs. To accomplish project work in due course of planning to accomplish desired results, cover of project planning is very important 3. There are different ways or techniques of managing a project. These techniques discusses all the activities that are expected to become part of project, possible time and details required to get along each(prenominal) activi ty as well sequence of activities and their dependency on each new(prenominal)4. ABC STICH go forth be using the following techniques to evaluate feasibility of the project and manage it Work Break levelward Structure (WBS) Gantt chart Project / Program Evaluation and Review technique (PRET CHART). 2.1. execute BREAKDOWN building Work Breakdown Structure as the name suggest is the breakdown of undefiled project into littler swellings that identify various tasks details 5. It provides break-up of task in various levels in an organized way normally presented in hierarchical form however, tabular form is also no exception6. Work Break surmount is the foundational building block to initiating planning and executing, monitoring and controlling processes used in managing projects. It represents an explicit description of the scope, deliverables and termination of the project both internal and external deliverables. Highest level defines the ultimate outcome of the project while each lower level defines more details into small job chunks in logical manner. It only addresses the input, deliverables and produce and not the process and schedule for these therefore, forming base for other techniques. 2.1.1 Few Key characteristics of Work Break down Structure are as follow Deliverable Oriented every level is aimed at producing / completing certain task or phase that makes it aligned with due deliverables. Hierarchical Decomposition hierarchical breakdown provides more manageable pieces of work that effectively provide greater details of work that contributes to overall project in question. The 100% Rule The 100% rule states that Work break Down Structure encompasses the entire scope of the project from starting to end point while including all interim processes. Every chunk of the broken expression is an important contributor in overall project completion. Presentation Method flexibility presentation method flexibility depending on the project from hierarchi cal to tabular or any other presentation method also makes it more adaptable to various business and project needs. 2.1.2. APPLICATION OF WORK BREAKDOWN METHOD ON ABC STICH To identify various levels, work break down structure of ABC has been so developed 1. Identification of various possible locations. 2. Analysis of various locations based