Business Management Systems Essay Example | Topics and Well Written Essays - 2000 words - 1

Business Management Systems - Essay ExampleThe daily delivery of goods from the milling machinery to the retailer or wholesaler is a project in itself, with its unique CBA (Cost Benefit Analysis) and risks. Therefore we substructure safely assume that the entire systems of a corporation perform as collage of small projects and if separately project is not executed with perfection, the corporation will face difficulties. This bad project management results in bad financial performance and thus sh beholders divest, moving to better investment options.The above argument is fair a glimpse of the importance of project management. Whenever a project is undertaken a complete analysis of activities is thus very important. There are a number of things which are very important when analyzing projects. A fewer significant ones are as followDeadlines are very important when it comes to analyzing the duration it takes to complete a project. The best method to ensure that there are no proble ms when it comes to meeting deadlines is to divide the entire time into smaller segments. These smaller segments must then be allocated to each single activity. This gives a twofold advantage. prototypical of all the project remains on schedule, secondly no activity is missed and times are allocated according to significance. The project manager has a better understanding of removing or adding activities according to time constraints or unforeseen developments.Most projects are oriented at generating revenues, except the nonprofit ones. The main aim of each manager engaged in a project is to find ways to reduce project cost. The diminution in cost however should not compromise on quality. The total project cost consists of legion(predicate) different categories. Many costs are negotiable and controllable, others however are not negotiable. The effects of pompousness must also be taken into account when estimating project cost. This is another factor which emphasizes again on pro jects being on time. The project