Project Management Body Of Knowledge - 1656 Words

Brett Salathiel Z5077339 ZEIT8303 Project Management Body of Knowledge - Resource 1006 - Federation Square â€Å"Inside The Square.† Commissioned 01 May 2003 by ABC TV Documentaries Australian Broadcasting Corporation GPO Box 9994 Lecturer: Mr Greg Hammond 24/03/2015 Executive Summary This task examines the ABC case study â€Å"Inside The Square†. The primary objective of the report was to analyses the application of project management body of knowledge (PMBOK) in complex projects like the case study. The topic was researched through extensive sources including government bodies, course materials and other sources to provide the relevant information. In cases like Federation Square that is unique in nature given the vast amount of stakeholders and resources involved, there are high implications for failure that are met with heavy condemnation from the public. For this reason numerous methods are adopted to mitigate the ambiguous catastrophe that is present during a build of this magnitude. Secondly it was discovered that even though the project had failed monetarily and its formal release extended, the overall result was a success because the public expectations did not foresee the positive effect of what this unique project had to offer once it was completed. Finally, it is important to note that through extensive analysis it was concluded applying the body of knowledge to large-scale projects gives the project manager the necessary skills to copeShow MoreRelatedProject Management Body Of Knowledge1397 Words   |  6 PagesIntroduction The abbreviation PMBOK denotes to the Project Management Body of Knowledge. The PMBOK is a developing frame of information for the arena of project management. PMBOK is positioned on the Project Manager and the PMP Exam is an effort to measure the knowledge of a Project Manager. Which differs from a methodology. Nevertheless, the significance of PMBOK to the occupation of Project Management cannot be simple, as the knowledge enclosed within it can be leveraged by any formal methodologyRead MoreProject Management Body Of Knowledge1998 Words   |  8 PagesProject Management Body of Knowledge It is a good practice and it’s decent, even educational; to scan a book on fundamentals of project management and I believe this book simply does that. It s a straightforward comprehensive of all the items that each project manager ought to understand from the beginning. And it s distinctive in two particular ways. First of all, (Joseph Heagney), author of the fourth edition, has updated this latest book from the previous editions this book was written byRead MoreApplying Project Management Body Of Knowledge1205 Words   |  5 PagesWhen applying project management body of knowledge (PMBOK) when designing a contractual framework for a Division within the community college environment, several barriers exist when creating an effective and efficient specialized training contractual model. Through reflective reasoning and the review of former contracts, the Division identify and create a best practice system which will require gathering past and present-shared knowledge of those who have encountered the same challenges with contractualRead MoreProject Management Body Of Knowledge Framework1528 Words   |  7 Pages1. Project Management 1.1 Research PRINCE 2 PRINCE 2, which stands for Projects IN Controlled Environments, is a process-based methodology for effective project management. As stated on the website using the PRINCE 2 methodology a project â€Å"focuses on business justification, a defined organisation structure for the project team, product based planning approach, emphasis on dividing the project in the manageable to controllable stages and flexibility that can be applied at a level appropriate forRead MoreProject Management Body Of Knowledge Categories Essay1853 Words   |  8 Pages Project Management Analysis Report Introduction: Project Management Body of Knowledge categories: 1. Project Integration Management: This knowledge area is all about planning, monitoring, coordination and cooperation. If anything is affected in this area and it’s going to affect all the knowledge areas. It involves: †¢ Developing the project charter – It involves working with stakeholder to create the document that formally authorizes a project and provides directions on project’s objectivesRead MoreProject Management Body Of Knowledge Guide912 Words   |  4 Pagesadopt good practices into ongoing future projects. The Project Management Body of Knowledge Guide (PMBOK ®) – fifth edition (Project Management Insititute, 2013) will be used as the foundation of the findings. The author has since suggested Suare Enix to adapt the ISO 14000 certification and establish the Customer Social Responsibility assurance with the transparency report launched, tracking carbon footprint and emission among other key performance. Project managers are also advised to take stepsRead MoreProject Management Body Of Knowledge Industry Standards1576 Words   |  7 Pagesgiving me the opportunity to work with your organization and engage with the team of the software development project. As agreed, I have examined the strengths and weaknesses of the project and analyzed the main factors that contribute to the current state of project. My independent assessment of the project and practices related to it is based on the Project Management Body of Knowledge industry standard and is grounded in information that I have gathered from team members. The purpose of thisRead MoreProject Management Body Of Knowledge Is An American National Standard Institute ( Ansi ) Essay1170 Words   |  5 PagesMethodology is a model which the managers employ in the design, implementation and achievement of their project objectives. It contains the guidelines required for managing a project. With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tacticalRead MoreA Research Study On Project Management922 Words   |  4 PagesProject Management Institute. (Partington, 1996) States that with the rapid transformation from bureaucratic and hierarchical structures to more flexible, organic and matrix organizations conferences, seminars and organizations proliferated on how to manage projects. The PMI (Project Management Institute) was founded in 1969 as a nonprofit organization with the sole objective to â€Å"foster recognition of the need for professionalism in project management; provide a forum for the free exchange of projectRead MoreThe Collins Class Submarine Project1344 Words   |  6 Pagesits time due to its software architecture. Deep Trouble addresses various issues that were faced during the design and development stages of the Collins Class project. This report will focus on the interrelationship between the three PMBOK knowledge areas of scope, procurement and quality management and the impact each had on the final project. The Collins Class submarine was prone to excessive noise signatures whilst travelling at speed and lacked the operational capability to enter conflict situations

Poetry Writing, An Art Form, And As Time Passes And New Art

Poetry: writing that formulates a concentrated imaginative awareness of experience in language chosen and arranged to create a specific emotional response through meaning, sound, and rhythm. Merriam-Webster Dictionary. The definition alone does not truly harmonize the rhythmic flow, depth and imagination that goes into this luxurious art form. Throughout history, there have been many poetic genius that has influenced how we perceive this genre, even redefining our very perceptions of emotions and reality to this very day. Poetry is an art form, and as time passes, and new art begins to rise, we tend to look back and appreciate where it all began. History has produced many great poets over our generation; Walt Whitman, Maya Angelou, Pablo†¦show more content†¦The French Revolution fascinated Wordsworth and it took him to France around 1791. He mentioned his time there in The Prelude, For mighty were the auxiliars which then stood Upon our side, us who were strong in love! Bliss was it in that dawn to be alive, But to be young was very Heaven! O times, in which the meagre, stale, forbidding ways of custom, law, and statute, took at once The attraction of a country in romance! (Wordsworth, 1850) While living in France he produced his earliest collection An Evening Walk and Descriptive Sketches. He met a young woman named Annette Vallon, which bore him a daughter, Caroline, out of wedlock. He was running out of money and had to return to England. The war took a turn for the worst which prevented him from returning for nine years. During his years back in England he was reunited with his sister Dorothy Wordsworth.

Demand and Supply for Housing Market in Epping free essay sample

The objective of this report is to outline the reasons as to what of the difficulties facing Sydney’s property market and analyse how the relationship between demand and supply influence Sydney’s housing market. This report will also evaluate the recent and future trends in Epping housing market. The outcome of this report will be submitted to the local government in order to provide recommendations in ways to improve the Epping area housing market. Introduction and structure to the housing market. Sydney’s housing market focusing on Epping. The level of demand and supply in Epping 2. Recent and future trends in Epping housing market 3. Factors influencing demand side of Epping housing market 3. 1Increase in population affecting the demand in property market 3. 2Increase in interest rates affecting the demand in property market 4. Factors influencing supply side of Epping housing market. Advice and recommendations Summary of problems in the housing market, and the recommendation to the local government to increase supply of houses in order to alleviate the shortage faced in Epping housing market. Introduction and structure to the housing market A house is the biggest purchase that most people will make over their lifetime. The housing market in general would be considered to be that of a monopolistic structure, meaning that there are several number of suppliers with relatively unrestricted entry, and with a downward sloping demand curve providing suppliers with some control over price. The housing market is generally the same as any other commodity market and thus, adheres to the law of supply and demand. However, there are certain circumstances where it could differ, for example, ordinary commodity would rise in price if there is a shortage of supply and consequently consumers would purchase less at the higher prices set, but in the housing market higher prices could sometimes stimulate demand because consumers may decide that they should also purchase a property before further upward spiral in prices make them unaffordable. Furthermore, suppliers have the option of not selling their properties at any time and seek a better price or wait until a consumer comes at them with the right price. These kinds of occurrences may also happen in another type of asset commodity market, namely the stock market. This report will analyse Sydney’s housing market focusing on Epping by addressing: the housing market structure; levels of demand and supply in Epping; trends in the housing market; and factors influencing demand and supply in Epping. 1. Sydney’s housing market focusing on Epping With the difficulties that have surfaced with rising house prices and supply levels being at an all time low, Australia is facing an interesting economic time. The sample focus on this housing market study is a Sydney suburb called Epping. House prices in Australian major cities have been increasing at an annual rate of around 12%, and Epping, being one of the more affluent suburbs in Sydney can effectively illustrate this phenomenon. It seems that the levels of demand are outstripping the supply – meaning that the cost of housing will come at a higher price due to the shortage of supply/stock. 1. The level of demand and supply in Epping The median house price in Epping has risen roughly by more than 40% within the last 5 years, which illustrates that demand is definitely high. 2. Recent and future trends in Epping housing market One contributory factor for this high demand could be because of the trend in the current levels of immigration, which is arguably the highest since the 1960s. Immigration should contribute to both sides of the demand and supply sector, however one could argue that current increasing demand is not being met by the slower responding supply sector. This table supports the argument that immigration is on the up, and if supply on housing is not met, even higher property prices could well be expected. Another trend that may affect the housing market in Sydney or Epping for that matter could be the prices of shares in the stock market. Investors, depending on the prices of shares may help to push up or push down the prices of houses. As the graph below illustrates, in 2010 the prices of shares has been rather lukewarm, which could indicate that investors might choose to invest in the housing market instead, helping it to push prices up in areas like Epping. Thus, depending on the future trend of the stock market, the housing market may also be influenced by it. [pic] This graph shows the pattern of the last 5 years of the All Ords index http://markets. smh. com. au/apps/mkt/interactiveChart. ac? idx=XAO The future trend for Epping housing market seem to point to even higher property prices due to the proposed rail link between Parramatta and Epping. In the midst of the election battle, the now Prime Minister Julia Gillard made the pledge to inject 2. 1 billion dollars into the Parramatta–Epping rail link which should save commuters 25 minutes of travel time between Chatswood and Parramatta. Construction will begin next year and have a projected finish for 2017. This will be a significant project for the area in that it should have a desirable effect in terms of public transport efficiency and availability for those in the community who commute to and fro along the Parramatta link, which in turn may affect the property prices going upwards. Bureaucracy and inefficiency could also be another trend that is significant to the low housing supply. These are barriers limiting and slowing down state and local government planning and approval processes, which in turn limit the availability of new land to be built on. Many local councils are also unwilling to approve medium to high density ‘infill’ because of pressures from local voters 3. Factors influencing demand side of Epping housing market 3. 1Increase in population affecting the demand in property market The main determinants of the demand for housing are demographic. However other factors like income, price of housing, cost and availability of credit, consumer preferences, investor preferences, price of substitutes and price of complements all play a role. The more people in the economy, the greater the demand for housing. Epping is a great place to live. It has a major train station and many bus stops that provide access to the city. It has 19 parks covering nearly 6% of the total area. It has Coles providing supermarket needs and it is also in very close proximity to the Macquarie shopping centre. There are 5 schools located in Epping and there are also a number of famous selective high schools in its surrounding area. The population of Epping in 2001 was 17,854 people. By 2006 the population was 19,369 showing a population growth of 8% in the area. Households in Epping are primarily couples with children. Many people in Epping work in a professional occupation. The median sale price of houses in the area has increased from $425,000 in 2000 to over 1 million in 2010. . [pic] Above graph http://www. myrp. com. au free suburb profile for Epping As it became more popular, more and more people want to move into Epping. Hence Epping became more of the affluent suburb in the Hill district area. Its higher median house prices compared to its neighbouring suburbs confirms its status. [pic] Above diagram from http://en. wikipedia. org/wiki/Real_estate_economics The above diagram shows the effect of an increase in demand in the short run. If there is an increase in the demand for housing, such as the shift from Do to D1 there will be either a price or quantity adjustment, or both. For the price to stay the same, the supply of housing must increase. That is, supply SHo must increase by HS, to reduce the shortage. 3. 2Increase in interest rates affecting the demand in property market In order to reduce heat in the Sydney housing market, first home buyers were given assistance to help soften the entry into the housing market, along with the RBA lifting interest rates to 4. 5% from 4. 25%. And there is also growing speculation that interest rates will continue to increase next month. Due to the increase in interest rates, consumers would be reluctant to pay more in interest when buying houses. Thus demand would probably fall, but the quantity coming from the supply side may initially remain the same in the short term. As a result, the demand curve might shift to the left from D0 to D1, and the supply curve would maintain the same as before. The equilibrium point would fall along the supply curve from e0 to e1 (see Figure 3) [pic] 4. Factors influencing supply side of Epping housing market The supply of housing is always going to be quite sluggish. Due to the raising cost of building materials and land value, builders tend to decrease the number of buildings in order to reduce the immediate building cost. However the demand for buildings would initially remain constant in the short run. [pic] Above diagram from http://en. wikipedia. org/wiki/Real_estate_economics The diagram on the left shows the effects of an increase in costs in the short-run. If construction costs increase (say from CCo to CC1), developers will find their business less profitable and will be more selective in their ventures. In addition some developers may leave the industry. The quantity of housing starts will decrease (HSo to HS1). This will eventually reduce the level of supply (from SHo to SH1) as the existing stock of housing depreciates. Prices will tend to rise (from Ro to R1). Advice and recommendations: The housing shortage has become a national crisis, as more and more people want to live in major cities and in similar suburbs like the Epping area. This crisis for people who are looking for a house to live in is further complicated by the fact that they are also competing with investors buying up investment properties. Low-income earners have been hardest hit by the housing shortfall, they are paying more than half their income on rent. In order to increase the supply of housing market in this area, local government should release enough land for housing and lower the land building application fees to encourage builders to reduce building price and to increase building quantity. The news that the NSW government have implemented the ‘Comprehensive housing supply strategy’ is certainly good news. The NSW government have committed $44 million over 2 years to speed up the planning and approval process of housing and capped local council fees to lower prices. It is therefore advisable that the NSW government evaluate and monitors where that $44 million is going and whether it is being put into where it is needed most, because cutting red tape and creating efficiency is what is needed for now and the future. All major cities in Australia should take note of the lead taken by the NSW government in trying to eradicate the housing problem. A recommendation that could also help in the housing problem is the distribution of immigration. Suburbs like Epping might benefit if immigration could be redirected to regional areas to alleviate overcrowding in major cities. Perhaps the government could provide incentives for immigrants to live in regional areas.

Shel Silverstein Essays - Childrens Poetry, Shel Silverstein

Shel Silverstein Chris Senn March 6, 2000 572 55 3153 Research Paper While I was growing up as a child, there were three authors whose works I read devoutly. One was Dr. Seuss and I liked his books so much that I am proud to say I have read every one published. The second author who had a profound impact on me was Jan Bernstein who is responsible for that loveable family The Bernstein Bears. The third is a poet, which is odd because I never have liked poetry. Shel Silverstein's children's poetry books were the only poetry I read until I was twelve and are the one's I still enjoy the most today as a young man. Shel Silverstein is known to most as the critically acclaimed children's poet, and before this project, I was unaware of the other things he had done. Shel Silverstein also did cartoons, served for his country during the Korean War, wrote folk songs, played the guitar, and probably most shocking to me, were his poems and drawings for Playboy Magazine which depicted fairly gruesome sexual acts as well as drug use, especially his own. Life experience seems to be the influence for his NC-17 rated material but I was curious to who influenced his witty, lyrical children's pieces. When studying Silverstein's poetry, you can see how the nonsense subjects and rhymes look similar to Edward Lear's nonsense poetry of one hundred and fifty years earlier and how the poetry of Ogden Nash, which Silverstein might have possibly read as a child, had influences on Shel's own pieces. However, the conclusion I have reached is purely hypothetical. Shel Silverstein once said he had no influences on his poetic style. In a 1975 interview with Jean Merciar, published in the February 24, 1975 issue of Publisher's Weekly, Silverstein said, ?When I was kid- 12, 14, around there- I would much rather have been a good baseball player or a hit with the girls. But I couldn't play ball, I couldn't dance. Luckily the girls didn't want me; not much I could do about that. So I started to draw and to write. I was also lucky that I didn't have anybody to copy, be impressed by. I had developed my own style, I was creating before I knew there was a Thurber, a Benchley, a Price and a Steinberg. I never even saw their work till I was around thirty. By the time I got to where I was attracting girls, I was already into work, and it was more important to me. Not that I wouldn't rather make love, but the work has become a habit? Even though Shel says nobody influenced his artistic abilities it is hard to believe that. Especially when you see how similar some of his pieces are to Edward Lear's. One of the most captivating things about Silverstein's poetry is that a sketch that he himself drew accompanies each one. They are usually funny, humorous sketches that add a visual interpretation to the poem. I thought that only Silverstein used such a technique but Edward Lear used the same idea during the 1850's. Besides similar artistic abilities they also made silly, goofy poems. Here's an example from Edward Lear: There was a Young Lady whose chin, Resembled the point of a pin; So she had made it sharp, And purchased a harp, And played several tunes with her chin. Along with that piece, there is a comical drawing of exactly what the poem says, a lady with a pointy chin playing a harp. There is a poem in Falling Up, by Shel Silverstein that uses the same techniques: Scale If only I could see the scale, I'm sure that it would state That I've lost ounces?maybe pounds Or even tons of weight. ?You'd better eat some pancakes- You're as skinny as a rail.? I'm sure that's what the scale would say? If I could see the scale. (Silverstein, p. 12) Of course there is a sketch of a fat man standing on a scale he cannot see, done by Shel himself. Besides being humorous pieces, there are other similarities you can derive. Both poets use the same phrase they used to start and to finish their respective poems. However, Edward Lear never took his poetry as far as Silverstein. Most of Lear's poems are five lines long