by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What is the Uses and Gratifications Theory?The Uses and Gratifications Theory is a Mass Communication theory that focuses on the needs, motives and gratifications of media users. The theory states that media consumers are NOT passive consumers of mass communications;...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
Update Table of Contents What is the Project Implementation Phase?What are the Characteristics of the Implementation Stage?What is Change Management? What is the Change Control Process?What is Controlling the Project Schedule? What is Compressing the Schedule? What is...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
Update Table of Contents What is Project Procurement?Sources of Procurement?What is Procurement Management?What is the Procurement Management Plan? What is the Contracting Plan?How to Select a Contracting Approach?What is a Make-or-Buy Analysis?How to Determine Item...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Project Organization?Project organization will vary based upon the nature of the project. Factors influencing organization include: Complexity of the Project Organizational Culture Project Manager Characteristics Project Team knowledge and skills...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What are Project Costs?Developing and controlling a project budget requires extensive estimation by the project team. There are different types of project estimate: Conceptual estimate (or “ballpark estimate”) – This is developed early on as part of the project...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Resource Management? Resource management is the efficient and effective deployment of an organization’s resources (financial resources, inventory, human skills, production resources, or information technology) as needed. Resource management is a key element to...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Project Management Framework?Project management framework (PM framework) is a structural demonstration that incorporates the various tasks, processes, resources, tools (such as technology). It is generally used as a tool to plan the various phases of the...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Stakeholder Management in a Project? In project management, a stakeholder management plan is a formal document outlining how stakeholders will be engaged in the project. There is a great deal of cross-over between a stakeholder management plan and a...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Project ScopeThe project scope identifies the total work (activities), processes, and decision making of the project and their relationship to stakeholders. It generally sets the boundaries for the project. What is Project Scope Management?Per the PMBOK,...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Project Context?Context is the environment in which the project is taking place. The core aspects of context are the scope, setting, phase, decision-making processes, and stakeholders. An alternative breakdown of context includes: Physical Environment –...
