Introduction
In this paper we will discuss the operations of the proposed business and the effects of the economy, the government and laws from a value added perspective in the global community. As this business is a service business the focus will be on the effect of those external influences on supply chain management and best practices.
Business Operations
Project management companies handle various types of projects to include: Internet technology, construction projects, medical management projects, marketing and business strategy projects, and more. A project is an endeavor with a definite beginning and end, meant to create a unique product, service, or result (Project Management Institute, 2008). Because of the nature of a project, the skills required on individual jobs vary. In an Internet technology environment, one might be creating a website, database or entire network. Specific application or programming languages, hardware engineers or networking engineers would be required and personnel with those particular skills would be needed for the job. The labor needs fluctuate according to the projects, making agility indispensable in order to meet project needs. In order to have an agile labor force, alliances with the appropriate technical and business recruiters will have to be developed and maintained. A pipeline of recruiters and contractors could be maintained in an SAP database for the quick and easy retrieval of the proper talent. This gives the company several options in contingency planning for any spikes or sudden declines in business.
In the start-up phase of the business, a project manager would meet with the client and gather the requirements to define the activities and scope of the project and estimate ...
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...al or manmade.
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When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.