We will also talk about project Initiation and introduce some of the things that make up this process. But
before we dive into Initiation, well first take a look at what PMI calls the Project Management
Knowledge Areas. Knowledge areas are a collection of
Real World ScenarioThe Interactive Voice Response Tax-Filing System
Jason, Sam, and Kate are web programmers working for the Department of Revenue in the State of Bliss.
Ron, their manager, approaches them one day with an idea.
Team, business unit manager
constraint. Its important that the project manager understands the priority of the constraints and
manages to them.
A Negotiation and influencing skills are needed to convince Jacks boss and come to agreement
concerning his assignment.
A Project m
project manager over the entire program. After the structure itself is built, the management of the
facility is considered the ongoing operations part of this program.
Project management involves many skills and techniques. According to the Guide to the P
Project Life Cycles and Phases
All projects are divided into phases, and all projects, large or small, have a similar life cycle structure. At a
minimum, a project will have a beginning or initiation phase, an intermediate phase or phases, and an
The new machine, the concentrated formula, and the smaller package are each project
The new machine, the concentrated formula, and the smaller package description must be
incorporated into the product description document.
The new ma
Organizational Structure: Functional organization with a separate projectized department.
A store build-out usually takes 120 days.
Jill Overstreet will help with the initial store stocking.
Jake Peterson will supervise ove
The Project Integration Management knowledge area is made up of which of the following
Initiation, Project Plan Development, and Integrated Change Control
Project Plan Development, Project Plan Execution, and Integrated Change Control
project up front dramatically increases the projects chance for success. Since Initiation is the foundation
of Planning, the importance of Initiation is self evident.
The project Initiation process has several inputs: product description, strategic plan,
Projectized organizations are nearly the opposite of functional organizations. The focus of this type of
organization is the project itself. The idea behind a projectized organization is to develop loyalty to the
project, not to
Projects are unique.
Projects are temporary in nature and have a definite beginning and ending date.
Projects are completed when the project goals are achieved.
A successful project is one that meets or exceeds the expectations of your stakeholders.
This is an ongoing operation because the company is in the business of manufacturing kitchen
appliances. Introducing designer colors and features is simply a new twist on an existing process.
This is an ongoing operation because the new product line
criteria might include the criteria that an increase in market share or an increase in the public awareness
of the company or product will be enjoyed as a result of this project. There arent any rules for project
selection as the components of selection c
Next, after the problem has been defined, you have some decisions to make. It will take a little time to
examine and analyze the problem, the situation causing it, and the solution alternatives available. After
this analysis, the project manager will dete
A project phase can have multiple deliverables. As in the example above, if you are assembling a new
product with many parts, each of the parts could be considered independent deliverables.
The bottom line is this: No matter how well you apply your projec
sponsor something like this, Ms. Sponsor, if you could only have one of these two alternatives, which
would you choose? The project is delivered on the date youve stated, or the quality is manufactured to
the exact specifications youve given. If Ms. Spons
November 3, 2013
HealthSouth Case Study
The HealthSouth SEC indictments of 2003 represent some of the largest accounting
frauds perpetrated in the twentieth-century. Orchestrated by a conspiracy of top
management and internal accounting s
I have long believed that a problem with our financial systems today is due
to the pressure on companies each year, or actually each quarter, to grow their
revenues and their earnings per share in order to get the increases in market
value for their stock
Ethics in Literature
Following are some books you may find of interest for later reading.
The Prince by Machiavelli
Machiavellis name became synonymous in the Renaissance with evil advice and
practice. Machiavelli articulated the maxim that the ends justi
The independent auditors responsibility is to audit and report whether a
companys financial statements prepared by management are presented fairly in
conformity with general accepted accounting principles. Auditors have long
argued that it is not their re
I would like to ask you some questions concerning the recent midterm exam.
Your manager asks you to "cook the books" to make the company look better for
a bank that your company is trying to get a loan through. The manager stresses
Materiality has long been a concept accepted by auditors and users of
financial statements, but a concept that has been difficult to define. Your text
book discusses the acceptability of earnings management from a materiality
Also discussed i
Your text discusses various levels of auditors liability arising from actions
that could be considered negligent, grossly negligent which is also considered to
be constructive fraud, and actual fraud. It also discusses the fine line between
an auditors re
We have previously discussed provisions in Sarbanes Oxley including
Title I establishing the PCAOB, Title II establishing requirements for auditor
independence, Title III establishing corporate responsibility, and Title IV
establishing enhanced financial
For many years the accounting profession self-regulated Generally
Accepted Auditing Standards (GAAS) through the AICPAs Statements on
Auditing Standards (SAS). Following the frauds of Enron, WorldCom and others
that led to the Sarbanes Oxley Act, the PCAO
In many of the cases of fraudulent behavior discussed in Chapter 4 and in
previous chapters, the failure to follow Rule 101 of the AICPA Code of
Professional Conduct has been a contributing factor to the fraud not being
exposed sooner, becoming bigger tha
The AICPA Code of Professional Conduct is generally recognized as a model
for the accounting profession and is used by the various states to enforce ethical
standards to be followed by CPAs. In the past chapters we have seen codes of
Did Ford make the right business decision? Do you agree with Fords decision in
this case? Do you believe Fords decision was ethical? If no to any of the three
previous questions, what should Ford have based their decision on? Discuss the
reasoning for you
What is meant by corporate governance?
Describe the elements of a governance system and how it can help to enhance
financial reporting. Specifically discuss the roles played by management, the
board of directors, internal auditors, and external auditors.
Kevin Lowe is depressed
He has only been with the CPA firm, Stooges LLP, for three months.
Partners in charge of the firm Bo Chambers and his brother Moe Chambers have asked for
a sit down.
Moe and Boe asked to see Kevin