Project Management Term Paper Example | Topics and Well Written Essays - 500 words

Project Management - Term Paper Example enities, lease deadlines and renewal arrangements, lease and vendor contracts, correspondences for lease arrangements and tenant payment history together with their contacts. The system will therefore automatically detect upcoming vacancies in the apartment block well in advance to facilitate timely reservations and ensure seamless flow of revenue. For a successful implementation of this project, there must be in place human, physical and financial resources. With regards to the required human resource, software developers will be hired on a contractual basis. This is because the core business is property management and therefore software developers’ services will only be necessary until the fully implemented after which a technician’s services will be sought for system maintenance purposes. Room must be availed for the installation of the necessary hardware such as server, computers and other relevant accessories. All these will require financial resources for both the development of software, purchase of hardware and training of staff on the new system. Milestones will be measured through a proper reporting channel to the project manager from all the involved teams. The project will be divided into individual activities with each activity headed by a team leader. All the component activities will follow a strict time and progress reporting guideline. Software development should take a month during which the installation of the required hardware shall be complete. Since these two activities are independent, they can be undertaken simultaneously. Upon completion of these two significant activities, a test run of the system shall be done to verify the compatibility of the soft and hardware. Success of this activity will provide the green light for training of staff on how to use the new system which should last 14 days. During the training period, the new system will run alongside the existing one before a full crossover to the new system. A monitoring and