Project and risk management report Essay Example | Topics and Well Written Essays - 3750 words

Project and risk management report - Essay Example Larson (2008 p. 58) argues that there is also the risk level due to some uncertainties regarding the objectives. With a construction company, making improvements on the road among others is a full-time responsibility due to constant wear and tear, meaning continued challenges in managing projects, while adhering to tight deadlines. Another project involves introducing a new product into the market. This paper identifies that more research is required to validate project management methods, and to clarify which areas they benefit, and how to achieve reliably those benefits. Levitt (1983 p.9) argues that globalization is the driving factor to project management due to the evolving technology that continues bringing competition in all fields. In construction, modernization brings about company closures, rising unemployment, and sometimes canceled investments. These events have a major effect on both the clients and the construction companies’ behavior. Research shows that drastic drops in demand and order shortages dramatically increase completion between companies in the construction sector. These changes increase the pressure on improving quality, and productivity, while reducing costs. In addition, globalization equally increases the need for project strategies and management that suitably and effectively manages project risk. On the other hand, new product development is a vital organisational activity because it offers considerable opportunities for the organisations (Charan et al. (2010 p. 125). However, this process involves marketing, technical, and financial risks. Similar to construction, product development faces serious competition due to globalization with different products entering the market daily. In addition, the consumer through technology can access different types of products while comparing the costs and qualities among others. It is, therefore, important for a project management system that can

Research Methods CASE1 Paper Example | Topics and Well Written Essays - 500 words

Methods CASE1 - Research Paper Example Qualitative research involves exploring phenomena from an inside point of view, and it provides to the researcher a complex comprehension about the subject in study ( (Rubinstein, 2010). Quantitative research involves studying the behavior of phenomena under controlled conditions that, acquiring quantitative data on the basis of accurate dimensions and generalizable findings (Johnson & Christensen, 2011). Mixed research involves the mixing of both quantitative and qualitative research paradigms. Action research involves observation and collecting of data that will help the researcher to come up solutions of solving indigenous problems (Johnson & Christensen, 2011). The strength of quantitative research is that, it is beneficial when studying a narrow number of subjects deeply as it gives a complex description of phenomena. Qualitative research assists quantitative research. Quantitative research on its own has the advantage that, it can be independently used for studying a large numb er of phenomena as it has some quantitative methods of collecting data that are comparatively quick (Ndunda, 2004). Being a combination of both qualitative and quantitative techniques is itself strength of the mixed research and hence it can be used for studying a large number of phenomena. Mixed research provides precise, quantitative and numerical data. The advantage of action research is that it involves practitioners who develop their own theories from their own practice gained. Experimental research can be used in a classroom situation, specifically, in grade eight to find out whether discussion groups help in an individual’s academic performance. Here, students are organized in two groups. The first group of students is made to study individually while, the students in the second group are further sub-divided into study-groups of four. After two weeks of study, the two groups are to be given an individual self-test from which the performance of the students