Project Management Essay Example | Topics and Well Written Essays - 500 words - 8

Project Management - Essay Example A formal project technique ought to outline the roles of each team member all through the project time. In project management, software is becoming increasingly important in order to assess the implementation and final success of a project. This paper will discuss how project management techniques can be used to improve the completion of projects, the role of start, finish times with respect to project completion time, and explain the role of software in project management. Project management techniques can help to improve the completion of the projects in that they can used to determine where change is needed and to help in integrating such changes into the project plans. Project management techniques help to evaluate all facets of administrative, technical, social and operational modifications based on the project prerequisites, in order to successful complete the project (Wysocki 324). Besides helping to identify such changes, the techniques help toprioritize the urgency and order of their implementation to maximize the project completion. Project analysis techniques are applied to recognize the essential and non-essential tasks and activities pertaining to a project thus increasing the chances of project completion by reducing unnecessary non-essential activities that could hamper the completion of the project on time (Wysocki 455). The analyses help to outline the most effective and efficient approach to implement the project. The project start and finish times are very critical since they help to plan and project costs and ensure successful completion of a project. Start and finish time characterize the duration each undertaking in the project requires in order to be accomplished. The time is dependent on the size and input required to accomplish various project activities. The project time, determined by the difference between the start and finish time, gives an outline to transform the inputs into outputs.

Banking and Social Media Case Study Example | Topics and Well Written Essays - 250 words

Banking and Social Media - Case Study Example Age is the other reason as to why social media cannot be fully used as a banking platform. Young people are much more likely to use these platforms than older people. There can, therefore, be a problem if the social media was to be used fully as a banking platform as not all customers are familiar with social media. The region of the world in which the customer is in brings out another reason social media cannot be fully used as a banking platform. There are those parts of the world like North America where a 36% of customers use social media platforms reducing the chances of fully utilizing social media for the provision of banking purposes. It is possible for customers to access banking services through Twitter as it has been possible to do so using Facebook. The possibility of using Twitter in provision of banking services is yet to be confirmed owing to the lack of clarity around the emerging social media landscape, and there is an added complexity to the already crowded social media channel infrastructure. Another reason for its lack of clarity is the few metrics available for measurement of the effects of using social media on a financial institutions bottom line. The risks associated with third parties and privacy issues add up to the reasons why using Twitter as a fully banking platform can be