Wednesday, May 6, 2020
Project Integration Management Simulation Analysis
Project Integration Management Simulation Analysis In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition. However, obtaining the knowledge required to successfully orchestrate and manage projects is a challenge within itself. Individuals with the drive and desire to become project managers have a number of options regarding the means of properly equipping oneself for real world project management situations. In addition to seeking an academic degree in project management, and before becoming a certified Project Management Professional (PMP) with the Project Management Institute (PMI), learners are encouraged to participate in Project Integration Management Simulations through the PMI Registered Education Provider (REP) and world-class education simulation company, Double Masters (Double Masters, 2016). Lessons Learned Through Project Integration Management Simulation According to project management simulation professionals Double Masters, project management simulation isShow MoreRelatedSoftware Tools Used By The Knowledge Areas Of Project Management738 Words à |à 3 Pages4. 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To do proper risk rating and ranking, a rating matrix needs to be defined. The rating matrix used by Project Pluto is included below. Risk Determination Documented risks are rated by likelihood of occurrence and impact to the project. The factors below define the overall risk ranking. Table A documents the criteria used in determining overall risk ratings. Table A: Risk Rating MatrixRead MoreWhy Dr. Are Improved Energy Security, Cost Reflective Tariffs And More Integration1336 Words à |à 6 Pages7. Conclusion and recommendation This chapter provides an overview of this project, makes recommendations and suggests further research areas. 7.1. Overview DR is playing a big part in utilities around the world and is set to become even bigger, enabled by the smart grid and the increase in penetration of DERs. South Africa has already started on this journey and has several DR programmes running in the industrial sector, mainly the larger consumers. 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