Rambøll2020 - Revision history

RikkeBagge: /* Collection of tools */

2020-03-09T10:53:15Z

Collection of tools

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	Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from the environment and uncertainty from single project, which is relevant to the portfolio due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.		Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from the environment and uncertainty from single project, which is relevant to the portfolio due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.

RikkeBagge: /* Collection of tools */

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Collection of tools

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	Construction projects can become extremely complex and very complicated; Therefore risk management of such projects are crucial, and even more so when the project in question is worth millions of dollars, with a strict deadline. The risk management aspect applied to give a clear understanding of the magnitude of the risk for the given projects. Risk analysis is the essential feature of project management, enabling one to deal effectively with uncertainty and unexpected events and to achieve a successful project.		Construction projects can become extremely complex and very complicated; Therefore risk management of such projects are crucial, and even more so when the project in question is worth millions of dollars, with a strict deadline. The risk management aspect applied to give a clear understanding of the magnitude of the risk for the given projects. Risk analysis is the essential feature of project management, enabling one to deal effectively with uncertainty and unexpected events and to achieve a successful project.
	The benefits of the risk management process include identifying and analyzing risks, and improvement of the construction project management processes and effective use of resources.<ref> Intechopen. ''Risk Management in Construction Projects. '' Retrieved from https://www.intechopen.com/books/risk-management-current-issues-and-challenges/risk-management-in-construction-projects </ref>.		The benefits of the risk management process include identifying and analyzing risks, and improvement of the construction project management processes and effective use of resources.<ref> Intechopen. ''Risk Management in Construction Projects. '' Retrieved from https://www.intechopen.com/books/risk-management-current-issues-and-challenges/risk-management-in-construction-projects </ref>.

RikkeBagge: /* Collection of tools */

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Collection of tools

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	'''Earned Value Management'''<br />		'''Earned Value Management'''<br />
	Earned value management (EVM) is a ~~way that~~ helps project managers with the measuring of project performance. This method is used to find variances according to work performed and work planned in different projects and is based on cost and scheduling.		Earned value management (EVM) is a tool which helps project managers with the measuring of project performance. This method is used to find variances according to work performed and work planned in different projects and is based on cost and scheduling.
	EVM is used in companies in different industries, consulting firms and others.		EVM is used in companies in different industries, consulting firms and others.
	EVM consists of different data elements such as; budget for a project vs total cost of the project, cost for work scheduled vs the amount of actual work done, etc. <ref>. Project Smart. ''EARNED VALUE MANAGEMENT EXPLAINED''. Project smart. Retrieved from https://www.projectsmart.co.uk/earned-value-management-explained.php.</ref><br />		EVM consists of different data elements such as; budget for a project vs total cost of the project, cost for work scheduled vs the amount of actual work done, etc. <ref>. Project Smart. ''EARNED VALUE MANAGEMENT EXPLAINED''. Project smart. Retrieved from https://www.projectsmart.co.uk/earned-value-management-explained.php.</ref><br />
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	'''Business Model Canvas'''<br />		'''Business Model Canvas'''<br />

	The business model canvas [Figure 3] is a ~~great~~ tool ~~to describe~~ any company's core business model. The model provides a visualization of the company in an effective manner, and clearly show the relation of the nine building blocks. It lays the groundwork for an easier assessing process of the company's business model, that is needed to make any effective and useful changes.		The business model canvas [Figure 3] is a tool that describes any company's core business model. The model provides a visualization of the company in an effective manner, and clearly show the relation of the nine building blocks. It lays the groundwork for an easier assessing process of the company's business model, that is needed to make any effective and useful changes.

	The nine building blocks of the business model canvas are as followed; KP is key partners, key activities, key resources, value proposition, customer relationship, channels, customer segment, cost structure and revenue streams.		The nine building blocks of the business model canvas are as followed; KP is key partners, key activities, key resources, value proposition, customer relationship, channels, customer segment, cost structure and revenue streams.

	The use of this tool, is to divide the business model into smaller parts/blocks which provide a better overview of the whole picture, and make the process for any change tangible.		The use of this tool, is to divide the business model into smaller parts/blocks which provide a better overview of the whole picture, and make the process for any change tangible.

RikkeBagge: /* Collection of tools */

2020-03-09T10:50:11Z

Collection of tools

S190700: /* Collection of tools */

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	</ol>		</ol>


	~~'''Key Problem'''<br />~~
	The biggest-priority problems that can affect a business is the rise of one or more major negative impacts that lead to a problem. It is essential to define a key problem for a business since it is the foundation for the rest of the analysis. By using the key problem as explained, various analysis tools would continuously help either reduce the key problem or eliminate the problem.

S190700: /* Collection of tools */

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Collection of tools

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	'''Including Risk Management in Construction Projects'''<br />		'''Including Risk Management in Construction Projects'''<br />
	Construction project can become extremely complex, and very complicated; therefore the risk management of such project is very important, even more so when project is worth millions of dollars, with a strict deadline. The risk management aspect is there to give a clear understanding of the magnitude of risk there is for the given projects. Therefore, risk analysis is a major feature of the project management, to deal effectively with uncertainty and unexpected events and to achieve a form of success for the project.		Construction project can become extremely complex, and very complicated; therefore the risk management of such project is very important, even more so when project is worth millions of dollars, with a strict deadline. The risk management aspect is there to give a clear understanding of the magnitude of risk there is for the given projects. Therefore, risk analysis is a major feature of the project management, to deal effectively with uncertainty and unexpected events and to achieve a form of success for the project.
	The benefits of the risk management process include identifying and analyzing risks, and improvement of construction project management processes and effective use of resources.		The benefits of the risk management process include identifying and analyzing risks, and improvement of construction project management processes and effective use of resources.<ref> Intechopen. ''Risk Management in Construction Projects. '' Retrieved from https://www.intechopen.com/books/risk-management-current-issues-and-challenges/risk-management-in-construction-projects </ref>.

S190700: /* Collection of tools */

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Collection of tools

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	'''Four Classical Functions of Management'''<br />		'''Four Classical Functions of Management'''<br />
	This tool can be used to accomplish business goals efficiently by accessing four functions. The first function of the tool is planning. Here the organizational goals and courses of action to achieve these goals are chosen appropriately. The second function is organizing. Managers here establish task and stucture which provide a framework for how people are going to work together in order to achieve the organizational goals. The third function is leading. This part consists of the manager motivating, energizing and coordinating induvial and group to ensure progress towards the goals are made. The fourth functions is controlling. This part consists of establishing accurate meaning and monitoring systems to access how well the organizational goals has been achieved. <ref>Study ''Four Classical Functions of Management ''. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.		This tool can be used to accomplish business goals efficiently by accessing four functions. The first function of the tool is planning. Here the organizational goals and courses of action to achieve these goals are chosen appropriately. The second function is organizing. Managers here establish task and stucture which provide a framework for how people are going to work together in order to achieve the organizational goals. The third function is leading. This part consists of the manager motivating, energizing and coordinating induvial and group to ensure progress towards the goals are made. The fourth functions is controlling. This part consists of establishing accurate meaning and monitoring systems to access how well the organizational goals has been achieved. <ref>Study. ''Four Classical Functions of Management ''. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.

S190700: /* Collection of tools */

2020-03-09T10:00:32Z

Collection of tools

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	Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from environment and uncertainty from single project, which is relevant to portfolios due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.		Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from environment and uncertainty from single project, which is relevant to portfolios due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.

	<ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.


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	'''Four Classical Functions of Management'''<br />		'''Four Classical Functions of Management'''<br />
	This tool can be used to accomplish business goals efficiently by accessing four functions. The first function of the tool is planning. Here the organizational goals and courses of action to achieve these goals are chosen appropriately. The second function is organizing. Managers here establish task and stucture which provide a framework for how people are going to work together in order to achieve the organizational goals. The third function is leading. This part consists of the manager motivating, energizing and coordinating induvial and group to ensure progress towards the goals are made. The fourth functions is controlling. This part consists of establishing accurate meaning and monitoring systems to access how well the organizational goals has been achieved. <ref>~~Wiki.doing-projects.~~ ''Four Classical Functions of Management ''~~. Wiki.doing-projects~~. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.		This tool can be used to accomplish business goals efficiently by accessing four functions. The first function of the tool is planning. Here the organizational goals and courses of action to achieve these goals are chosen appropriately. The second function is organizing. Managers here establish task and stucture which provide a framework for how people are going to work together in order to achieve the organizational goals. The third function is leading. This part consists of the manager motivating, energizing and coordinating induvial and group to ensure progress towards the goals are made. The fourth functions is controlling. This part consists of establishing accurate meaning and monitoring systems to access how well the organizational goals has been achieved. <ref>Study ''Four Classical Functions of Management ''. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.

S190700: /* Collection of tools */

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Collection of tools

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	<ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.		<ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.



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	'''Four Classical Functions of Management'''<br />		'''Four Classical Functions of Management'''<br />
	This tool can be used to accomplish business goals efficiently by accessing four functions. The first function of the tool is planning. Here the organizational goals and courses of action to achieve these goals are chosen appropriately. The second function is organizing. Managers here establish task and stucture which provide a framework for how people are going to work together in order to achieve the organizational goals. The third function is leading. This part consists of the manager motivating, energizing and coordinating induvial and group to ensure progress towards the goals are made. The fourth functions is controlling. This part consists of establishing accurate meaning and monitoring systems to access how well the organizational goals has been achieved.		This tool can be used to accomplish business goals efficiently by accessing four functions. The first function of the tool is planning. Here the organizational goals and courses of action to achieve these goals are chosen appropriately. The second function is organizing. Managers here establish task and stucture which provide a framework for how people are going to work together in order to achieve the organizational goals. The third function is leading. This part consists of the manager motivating, energizing and coordinating induvial and group to ensure progress towards the goals are made. The fourth functions is controlling. This part consists of establishing accurate meaning and monitoring systems to access how well the organizational goals has been achieved. <ref>Wiki.doing-projects. ''Four Classical Functions of Management ''. Wiki.doing-projects. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.

S190700: /* Collection of tools */

2020-03-09T09:58:34Z

Collection of tools

← Older revision		Revision as of 09:58, 9 March 2020
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	Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from environment and uncertainty from single project, which is relevant to portfolios due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.		Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from environment and uncertainty from single project, which is relevant to portfolios due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.

			<ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html </ref>.

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	'''Risk Management in Project Portfolios'''<br />		'''Risk Management in Project Portfolios'''<br />
	Project ~~risk~~ management enables an organization to reduce the probability of uncertain and negative events~~. Along~~ with this, it aims to capture opportunities. From the portfolio level’s perspective, the uncertainties are coming from project uncertainties.		Project Risk management enables an organization to reduce the probability of uncertain and negative events, along with this, it aims to capture opportunities. From the portfolio level’s perspective, the uncertainties are coming from project uncertainties.

	~~Information~~ from project management to portfolio management is ~~quite important to get~~ success ~~for~~ the project portfolio, otherwise to perform risk analysis on the portfolio level ~~gets difficult~~.		The information flow from project management to portfolio management is essential for the success of the project portfolio, otherwise it is shown to be quite difficult to perform risk analysis in the portfolio level.

	Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from environment and uncertainty from single project, which is relevant to ~~portfolios~~ due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.		Different areas of uncertainty can be found on the portfolio level. These areas are; uncertainty from organizational complexity, uncertainty from the environment and uncertainty from single project, which is relevant to the portfolio due to changes, variances and unexpected events <ref>Wiki.doing-projects. ''Risk management in project portfolios''. Wiki.doing-projects. Retrieved from http://wiki.doing-projects.org/index.php/Risk_management_in_project_portfolios </ref>.


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	'''Including Risk Management in Construction Projects'''<br />		'''Including Risk Management in Construction Projects'''<br />
	Construction ~~project~~ can become extremely complex, and very complicated; ~~therefore the~~ risk management of such ~~project is very important~~, even more so when project is worth millions of dollars, with a strict deadline. The risk management aspect ~~is there~~ to give a clear understanding of the magnitude of risk ~~there is~~ for the given projects. ~~Therefore, risk~~ analysis is ~~a major~~ feature of ~~the~~ project management, to deal effectively with uncertainty and unexpected events and to achieve a ~~form of success for the~~ project.		Construction projects can become extremely complex and very complicated; Therefore risk management of such projects are crucial, and even more so when the project in question is worth millions of dollars, with a strict deadline. The risk management aspect applied to give a clear understanding of the magnitude of the risk for the given projects. Risk analysis is the essential feature of project management, enabling one to deal effectively with uncertainty and unexpected events and to achieve a successful project.
	The benefits of the risk management process include identifying and analyzing risks, and improvement of construction project management processes and effective use of resources.<ref> Intechopen. ''Risk Management in Construction Projects. '' Retrieved from https://www.intechopen.com/books/risk-management-current-issues-and-challenges/risk-management-in-construction-projects </ref>.		The benefits of the risk management process include identifying and analyzing risks, and improvement of the construction project management processes and effective use of resources.<ref> Intechopen. ''Risk Management in Construction Projects. '' Retrieved from https://www.intechopen.com/books/risk-management-current-issues-and-challenges/risk-management-in-construction-projects </ref>.


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	'''Business Model Canvas'''<br />		'''Business Model Canvas'''<br />

	The business model canvas [Figure 3] is a great tool to describe any company core business model. The model provides a visualization of the company in an effective manner, and clearly show the relation of the nine building blocks. It lays the groundwork for an easier assessing process of the company's business model, that is needed to make any effective and useful changes.		The business model canvas [Figure 3] is a great tool to describe any company's core business model. The model provides a visualization of the company in an effective manner, and clearly show the relation of the nine building blocks. It lays the groundwork for an easier assessing process of the company's business model, that is needed to make any effective and useful changes.

	The nine building blocks of the business model canvas are as followed; KP is key partners, key activities, key resources, value proposition, customer relationship, channels, customer segment, cost structure and revenue streams.		The nine building blocks of the business model canvas are as followed; KP is key partners, key activities, key resources, value proposition, customer relationship, channels, customer segment, cost structure and revenue streams.
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	[[File: SWOTT.png \|250px\|thumb\|right\|Figure 4: SWOT model]]		[[File: SWOTT.png \|250px\|thumb\|right\|Figure 4: SWOT model]]
	'''SWOT'''<br />		'''SWOT'''<br />
	SWOT-analysis is a tool that helps the organization to identify strengths, weaknesses, opportunities and threats. The internal factors ~~concern~~ the strengths and weaknesses of the organization and ~~externally~~ the environmental opportunities and ~~threats are analyzed and defined~~.		SWOT-analysis is a tool that helps the organization to identify strengths, weaknesses, opportunities and threats. The internal factors affects the strengths and weaknesses of the organization and the external factors affects the environmental opportunities and threat.
	It is a great way to define what works well for the organization, and what does not.		It is a great way to define what works well for the organization, and what does not.
	The first step for the manager is to identify the strengths and weaknesses from the current situation of the organization. Afterwards it is desired to ~~take~~ benefit from the strengths and correct the ~~weakness~~ that may affect the organization in the future.		The first step for the manager is to identify the strengths and weaknesses from the current situation of the organization. Afterwards it is desired to benefit from the strengths and correct the weaknesses that may affect the organization in the future.
	The second step is defining the external factors and taking advantage of any opportunity that might occur and work on the threats.		The second step is defining the external factors and taking advantage of any opportunity that might occur and work on the threats.
	The tool ensures the managers that they make the most of what the organization got and reduces the risk of failures by understanding and defining what the organization is lacking, which will result in a better position in that market.		The tool ensures the managers that they make the most of what the organization got and reduces the risk of failures by understanding and defining what the organization is lacking, which will result in a better position in that market.