Answer To: BUSN300-1203B-12 Lower Division Capstone AssignmentName: Unit 5 Individual Project Deliverable...
David answered on Dec 21 2021
APA Format 6th Edition Template
PROJECT MANAGEMENT
1
Project Management
Name of Student
Name of university
Author Note
Abstract
In today’s competitive world, it is very important to have proper project management so as to facilitate proper working and successful implementation of the project. The project management needs to focus on deciding different aspects so as to effectively and efficiently utilize different resources so as to attain the main objective and the goal of the project.
The project management team’s effectiveness came into question when the project deliverables were not adequate and the team was not able to analyze the project effectively. The team was not able to implement the project properly. The main aim of the project management team is to coordinate with the other members and complete the project on the scheduled time.
In this paper we will focus on analyzing different risks pertaining to Emmar and different techniques required to analyze the project.
Project Management
Introduction
Emaar Properties PJSC is the world's biggest company in the real estate sector. It was established in the year 1997 in Dubai, United Arab Emirates. It is listed in the financial market of Dubai and is also a part of the Dow Jones Index. It works for developing homes along with many other value added services like building community centers, Hotels, etc which works for fulfilling all the demands of the customers and provides them with stylish lifestyle. Emaar is growing because they believe in global expansion and increasing the multiple business segments. Emaar is also providing various other services of hospitality, malls, financial services, health cares services and leisure services. Emaar's operations are established in many countries like United Arab Emirates, U.S.A, U.K, Syria, Jordan, etc. (About Emaar, 2012).
External Environment
The external environment proves to be affecting the performance of the company. It influences the company’s working and shapes its structure.
Legal environment:
Legal environment of a country helps the company in formulating the framework in which the company will make its operations work. It is very much necessary to identify the legal environment of the country in which the company operates. It is because it helps in assessing if any organizational change is required or not. UAE's legal system is a combination of classical and modern concepts like developing the country with the modern structure and also ensuring that the traditions are sustained.
Therefore, the government of UAE has taken several steps to reform the overall structure that could help in providing the country with all the modern amenities along with best services at an effective cost. Similarly, Emaar has developed its structure by providing best services to country's population like best homes, community centers at effective prices and also many other services like leisure, malls, education, hospitality. These activities help a long way in facilitating development of the country. As a result of mutual give and take, Emaar Properties is hence supported by the government. Government is having a partnership control of approximately 32% in the Emaar Company's share holder-ship and so the company has large access to the land for developing properties.
The Government has also helped the company at the time of economic crises. Government has supported the company by providing millions kept in the UAE banks. Therefore, at the time of crisis, the company took loan from the banks, which helped in executing the operations of the company in an efficient manner. Emaar Properties possesses high goodwill and partnerships with the local governments of the country as well. It has also joined hands with the giant players of every country, which helps it to develop the business. Emaar has joined hands with the Jebel Ali free zone, which is growing at a very high rate. The partnership helps in the growth and development of the company and this in turn facilitates the economy's growth as well.
Social and Economic Environment:
The social environment of any country affects the organization’s working. Comprehending to the social values of...