Problem Set #1

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Problem Set #1 Santiago Ramirez Bermeo University of The Cumberlands BADM634 - B02 Initiating the Project Margaret Moreno October 29, 2023

PROJECT VS. OPERATIONS EXERCISE 1) Business relies on project management to complete tasks and projects. Understanding projects, continuous operations and comparing them is crucial to understanding project management. Projects are transitory, distinctive endeavors with an aim. Objectives, scope, timeline, and resources define its start and end. Project management approaches like the PMI framework structure project planning, execution, and closure. In addition, creating a new product or preparing a huge event require a devoted team and careful planning. An organization's daily operations support its fundamental functions. These regular, continual tasks ensure the organization's stability and product or service delivery. Regular tasks, resource allocation, and a disciplined workflow are ongoing. Manufacturing, customer service, and IT systems are examples. Projects and continuous operations share several traits: 1. Resource Management: Both require staff, time, and money allocation. Success requires efficient resource management. 2. Planning and Execution: Both require planning for efficiency. Effective project and operation planning reduces risks and enhances results. 3. Skilled Staff: Projects and operations require skilled teams to achieve goals. Despite similarities, projects and continuing operations differ significantly: 1. Temporary vs. continuing: Projects have a fixed end date, while continuing operations are continual.

2. Purpose: Ongoing operations maintain and improve systems and services, whereas projects provide a unique result or deliverable. 3. Change vs. Consistency: Projects emphasize change, innovation, and improvement, while operations emphasize stability. In conclusion, project management is crucial for projects and operations. Continuous operations maintain fundamental functions, while projects are temporary activities with defined goals. Effective management in any firm requires understanding the differences and similarities between these principles to ensure that projects and continuing operations contribute to economic success. 2) Title Project Article #1: Public Library in Progress City: Springfield News source (APA reference): Springfield Times. (2023, April 20). New public library project approved in Springfield. Springfield Times. Web address: https://www.springfieldtimes.com/library-project-approval Brief Description: The Springfield city council recently approved a project to build a new public library. The project aims to construct a state-of-the-art library within 24 months, with a budget of $10 million allocated for the design and construction phase. A specialized architecture and construction team has been hired to oversee the project. Why is this a Project? Unique Objective: The project has a unique objective: the construction of a new public library. Temporary: It has a defined timeline of 24 months.

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Resources Allocation: A budget of $10 million has been allocated for the project. Team Collaboration: A specialized team is working on the project. Title Project Article #2: Food Delivery App Startup City: Riverside News source: Riverside Herald. (2023, March 10). Tech startup in Riverside launches food delivery app project. Riverside Herald. Web address: https://www.riversideherald.com/tech-startup-app-development Brief Description: A local tech startup in Riverside is developing a new mobile app that will revolutionize food delivery services in the area. The project involves designing, developing, and launching the app within a 12-month timeframe. A team of software developers and designers has been assembled for this initiative. Why is this a Project? Unique Objective: The project aims to create a new mobile app for food delivery. Temporary: The project has a set duration of 12 months. Resources Allocation: Funding and human resources have been allocated for development. Team Collaboration: A dedicated team is working on this project. Title Operations Article #1: Law and Order in Nashville City: Nashville City News source: Nashville City. (2023, January 31). Nashville City Police Department maintains law and order. Nashville Web address: https://www.nashvillenews.com/police-patrols-and-law-enforcement

Brief Description: The Nashville City Police Department has been conducting daily patrols, investigations, and responding to emergencies to maintain law and order in the city. These operations are ongoing and critical for public safety. Why is this Operations? Repetitive Tasks: The operations involve routine tasks such as patrols and investigations. Continuous: There's no defined endpoint to these law enforcement operations. Resources Allocation: Resources are allocated on an ongoing basis for policing. Steady Workforce: The police force is a continuous workforce responsible for daily operations. Title Operations Article #2: People’s Hospital City: Harborville News source: Harborville Times. (2023, October 31). Harborville General Hospital provides continuous healthcare services. Harborville Times. Web address: https://www.harborvilletimes.com/hospital-24-7-care Brief Description: The Harborville General Hospital provides 24/7 healthcare services, including emergency care, surgeries, and patient care. The hospital's daily operations ensure the well-being of the local community. Why is this Operations? Recurring Services: The hospital offers routine healthcare services. Continuous: Healthcare services are available around the clock without an end date. Resources Allocation: Ongoing allocation of resources is required for healthcare delivery. Sustained Workforce:The hospital staff provides continuous medical care.

REFERENCE Kloppenborg, T. J., Anantatmula, V. S., & Wells, K. N. (2018). Contemporary Project Management. Cengage Learning. Radu, M., & Nistor, R. (2013). Project initiation and project management approach-an expensive connection. Managerial Challenges of the Contemporary Society. Proceedings, 6, 67. Singh, H., & Williams, P. S. (2021). A Guide to the Project Management Body of Knowledge: PMBOK (®) Guide. In Project Management Institute. Harborville Times. (2023, October 31). Harborville General Hospital provides continuous healthcare services. Harborville Times. https://www.harborvilletimes.com/hospital-24-7- care Nashville City. (2023, January 31). Nashville City Police Department maintains law and order. Nashville. https://www.nashvillenews.com/police-patrols-and-law-enforcement Riverside Herald. (2023, March 10). Tech startup in Riverside launches food delivery app project. Riverside Herald. https://www.riversideherald.com/tech-startup-app-development Springfield Times. (2023, April 20). New public library project approved in Springfield. Springfield Times. www.springfieldtimes.com/library-project-approval

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