Discuss the following project manager competencies: technical project management, leadership and strategic and business management. Explain the qualities and skills of a project leader.

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Discuss the following project manager competencies: technical project management, leadership and strategic and business management. Explain the qualities and skills of a project leader.

Successful project management requires the project manager to possess several key competencies. According to PMI (2017), the three project manager competencies are technical project management, leadership, and strategic and business management. Technical project management is being able to identify critical factors for success, scheduling and financial reports (p. 56). Technical project management refers to the knowledge, abilities, and behaviors that project managers apply to achieve the required objectives for programs or projects. With these abilities, project managers may concentrate on the critical aspects of projects that they oversee. According to Udo and Koppensteiner (2004), a leader balances five areas time, money, knowledge, security, and prestige (para 25). All stakeholders need to feel like they have gained adequate “currency” for the project to be considered a success. To accomplish this, a project manager needs to possess strong leadership and strategic and business mangement skills.

The quality and skills of a project leader require a diverse and broad skillset. According to Joubert (2019), there are seven essential skills for a project manager. The seven skills are effective communication, negotiation, scheduling and time management, leadership, technical expertise, risk management, and critical thinking and problem solving. These skills are crucial to the success of any project. They are necessary to effectively lead a team through each phase of the project while keeping the company’s strategic plan for the project at the forefront. Effectively communicating with all departments and people involved in the project is the essential to obtaining a favorable outcome. Learning how to effectively communicate with each person in a project is critical to being able to establish a vision for the outcome. Negotiation is key to obtaining the team, supplies and resources needed to complete the project. Scheduling and time management must be a priority to ensure the project is completed on time. Leadership is effectively coaching and motivating the people under you. Strong leadership skills create an environment of motivated and satisfied employees. Technical expertise is required to effectively communicate with their teams and to understand the risks and rewards a project offers. According to Miranda and Hardy (2022), as a project manager, you have to be aware of the risks and rewards involved in a project (para 4). Risk management is essential to effective project management. Critical thinking is needed to overcome the many problems that arise over the course of a project. Finding creative solutions is key to success.

Explain the history, current scope, and future prospects of the world’s most important regional economic agreements. Describe the functions of the foreign exchange market.

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Discuss the functions of the foreign exchange market

  1. Describe the different levels of regional economic integration.
  2. Understand the economic and political arguments for regional economic integration.
  3. Explain the history, current scope, and future prospects of the world’s most important regional economic agreements.
  4. Describe the functions of the foreign exchange market.
  5. Understand what is meant by spot exchange rates.
  6. Recognize the role that forward exchange rates play in insuring against foreign exchange risk.

 

What is public administration? What are the main elements of public administration? Find some structured ways of dealing with complex managerial decision problems.

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Public administration

Watch the video at the following link

What is public administration?

What are the main elements of public administration?

Find some structured ways of dealing with complex managerial decision problems.

Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

Demonstrate the tools for deciding when and which decision models to use for specific problems.

 

What are the properties of Linear Functions? Explain the Data Envelopment Analysis.

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 Linear Optimization

What are the properties of Linear Functions?

Explain the Data Envelopment Analysis.

 

Explain how Project Managers handle Risk in Projects. Explain Risk in Projects bring Opportunities as well Threats.

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Project Management

Explain how Project Managers handle Risk in Projects.

Explain Risk in Projects bring Opportunities as well Threats.

 

 

Explain the history, current scope, and future prospects of the world’s most important regional economic agreements. Describe the functions of the foreign exchange market.

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Intro to International Busines

  1. Describe the different levels of regional economic integration.
  2. Understand the economic and political arguments for regional economic integration.
  3. Explain the history, current scope, and future prospects of the world’s most important regional economic agreements.
  4. Describe the functions of the foreign exchange market.
  5. Understand what is meant by spot exchange rates.
  6. Recognize the role that forward exchange rates play in insuring against foreign exchange risk.

 

What is the primary issue facing the firm? What are the secondary issues facing the firm? What is the most appropriate action for the firm?

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Netflix in 2019: Case Analysis

Answer the following within a 2 page APA style paper:
1. What is the primary issue facing the firm?
2. What are the secondary issues facing the firm?
3. What is the most appropriate action for the firm?
4. What resources do they have/can they get to do what you suggest?
5. Why should the firm do what you suggest? Why is this a better course of action than alternative options?
6. What are the implications of the strategy you suggest? (i.e. how might your competition, customers, or suppliers respond to this strategy)

Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture?

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An entrepreneur Start-up

Business Plan

A business plan is any simple plan, not only limited to the business start-up plan that helps the management to understand the current situation of the enterprises (strengths, weakness, opportunities and threats) and look forward into the future. A start-up plan is a business plan which consists of the mission, vision, objectives and action plans for the future of the new enterprises while the business plan drawn during the operation of the firm is vital for running the firm effectively, acquire new customers, partners, loans and so on. According to Fiore (2005), a business plan involves two dimensions; an organizing tool to simplify and clarify your business goals and strategy, the second one is a selling document that sells the business idea and shows that a product or a service can make a profit and attract funding and company resources.

Imagine you started a new business as an entrepreneur in Saudi Arabia. Briefly mention the specific steps which you consider necessary to a successful business plan.

Think and share information on the following items:

  1. Owners, capital structure and company profile (3 Marks)
  2. Your Business Name, Address, E‐Mail
  3.  Form of ownership: What is the legal structure? Sole proprietor, Partnership, Corporation….
  4. Investment capital
  5. Company Business Description (300 – 400 words)
  6. Scope and type of business (5 Marks)

What business will you be in? What will you do? What market segment will you choose?

  • Business idea: what is your big idea? Is it a product or a service? What makes your idea different?
  • Mission Statement
  • Company’s short-term and long-term goals and objectives.
  • Target market and demographics: Who will your customers be? Where do they live? What is your target market passionate about?

Business Philosophy (4 Marks)

What is important to you in your business?

  • Describe your Industry: Is it a growth industry? What long-term or short-term changes do you foresee in the industry? How will your company take advantage of it?
  • Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture?
  • Risk Assessment: Evaluate the strengths and weaknesses of your business using SWOT.
  • Who is your competition and how do you beat them?
  1. Products and Services (3 Marks)
  2. Briefly discuss your products or services (Technical specification).
  3. Size of business: how many employees? How many offices and retail facilities?
  4. What factors will give you competitive advantages or disadvantages? Examples, include level of quality or unique or proprietary features.

 

Looking first at only cost, what decision would you make? After cost, what other factors should be considered before making a decision?

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Post-Graduation Adventure

Josh and Mike met as roommates during freshman year at Macalester College in St. Paul, Minnesota. Despite a rocky start they became best friends. They are planning a two-week adventure together to celebrate their graduation in June. Josh has never been to Europe and wants to visit France or Spain. Mike spent a semester abroad in Aarhus, Denmark, and traveled extensively in northern Europe. Even though Mike has never been to France or Spain, he wants to go to someplace more exotic, like South Africa or Vietnam. For the past week they have been arguing over where they should;

  1. Josh argues that it will cost too much to fly to South Africa or Vietnam while Mike counters that it will be much cheaper to travel in Vietnam or South Africa once they are there. They agree that they can spend no more than $3,500 each on the trip and could be gone for only two weeks. One evening when they were arguing with each other over beers with friends, Sara said, “Why don’t you use what you learned in your project management class to decide what to do?” Josh and Mike looked at each other and agreed that made perfect sense.

Assume you are either Mike or Josh; how would you go about making a decision using project management methodology?

  • Looking first at only cost, what decision would you make?
  • After cost, what other factors should be considered before making a decision?

 

Identify supply chain aspects from both of your selected organizations like purchasing issues, supplier issues, logistics, information systems, quality, and customer service, and compare them.

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Supply Chain Management

A supply chain is the sequence of organizations—their facilities, functions, and activities—that are involved in producing and delivering a product or service (Stevenson, 2021). A supply chain involves everything related to the product or service from the beginning to the end, which involves everything from the raw materials to the final customer.

For this assignment do the following:

  • Select two Middle Eastern organizations and identify their industry, and their products or services.
  • Identify supply chain aspects from both of your selected organizations like purchasing issues, supplier issues, logistics, information systems, quality, and customer service, and compare them.
  • Explain how Information Technology impacts the Supply Chain Management for both organizations.
  • Finally, based on your results, offer recommendations for improvements for each organization.

Directions:

  • Your assignment is required to be four to five pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.
  • Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles.
  • Formatted according to APA 7th edition