MANAGMENT

Introduction to Project Management

The Introduction to Project management

Introduction

Yorkshire House food is a company their main operations are the production of cooked and canned food. The company is currently performing well and is among the top 12 companies. What companies want is to expand their operations on a larger scale with coping with advance technology and increasing the no. of their retailers. Currently, the company has very less no of customer as compared to the no of customers in the large companies. The idea is to increase the no of retailer, enhance the production scale and get hold of the store shelves. There is a lot of risk associated with this expansion. Similarly, proper management is required to careful execute and incorporate this organization product and market expansion. Big investments are too be made for this expansion. Therefore it is of much importance to forecast whether the investment for expansion and enlargement will be useful for the company or not. Yorkshire is facilitating its employer and employee to use their resources and attain their common set goals and objectives. Goals and objectives are achieved efficiently using the modern manufacturing and functioning procedures. These procedures are made more responsive to changes through innovation. Yorkshire are adapting to these changing environment by creating value for its customer, owners and employees. Similarly strategies that accommodate the ongoing challenges of diversity, ethics and motivation are applied. People are the only resource of an organization. It is solely because of these resources that Yorkshire is planning to steer up to achieve its goals. Management of Yorkshire is primarily emphasizing on planning, coordinating, controlling and leading the whole processes of Yorkshire in a flow toward one firm goal i.e. success.

Task 1

A management overview of how the project being project managed including an analysis of project risks

Yorkshire House Food

Currently the organization is doing well in its operations. In U.K it is among the Top 12 organization and 3rd amid unofficially running enterprise. The Yorkshire House food currently holds only 1% of the total market of cooked and slices meat market. The target is to increase the growth rate and increase the expansion through more investment. An investment of approximately $2Million is done to just increase the production capacity. This investment will expand the capacity up to 50%. In the impending 5years, Yorkshire is expects to grow with a 48% growth factor, which seem quite unrealistic. The reason for the unreason ability of Yorkshire growth is;

1. Investment only done in the capacity expansion not in procedures

2. Growth will only be achieved when they increase their supply on the shops shelves.

Yorkshire Project Problems

The basic responsibility for initiating the project management is planning. Correct planning measures should be adopted by the managers. Corrective actions should be made on the spot after the identification of the problem. Similarly project administration is also carried out by the managers. The process of administration involves monitoring whether right policies and practices are being adopted to achieve the set ...