Projects and their management Essay Example | Topics and Well Written Essays - 2000 words

Projects and their management - Essay Example In the enclosed review of what, how, and when certain needed skills or knowledge is warranted to defining how critical a project manager is to a project will show its overall importance in reaching success (Savory and Butterfield 1998). The focused areas are knowledge and application that outline the needed awareness in critical points that presents challenges from a less skilled profession to remedy a particular situation. In such an analysis, the outcome will provide the understanding to the true reasoning’s by the assumption that a project manager is the proactive measure to facilitating the project scope (Thill and Bovee, 2007). The evaluation on all the needed processes, interventions, identifying, traceability and monitoring - that has the definitions of what required skills are necessary to be deemed a capable project manager. Identified Required Knowledge and Usage of Application from a Project Manager The usage of core project management tools is essential to effectiv ely monitoring the progress of the project. The project manager awareness of controversies is the important standpoints for the ability to showing how connections and distinctions relate to differences in a functional environment (O’Conor, 2000). ... The true understanding of the defined processes for making the project successfully happen provides the matrix to forming the right strategy of execution (Thompson and Bunker, 2006). The project manager’s skill set is in the decision making ability that will determine a successful outcome will occur or an unsuccessful outline. The senior project manager is about making the discipline of initiating, planning, executing, and the actual managing resources with the focus on completing specific deliverables within budget (Mantel, Meredith, Shafer, and Sutton, 2008). The needed quality and time restraints are the driving force that detects the project manager skill of decision making to either a successful outcome or a failure (Jennings, 2010). The building of the project manager’s skills are an integral part in determining if the planning of the project proves to being a profitable one – that is outline in the defined project scope. Therefore, the knowledge base is th e streamline of implementing an entire project from start to finish for adhering to the time and budget constraint. The prowess of the project manager must realize the scope vision and elements required in facilitating the needed pace of meeting deliverables dates and expectations of quality. The successful project manager is visionary to foreseeing challenges that can prevent the finish of certain or all deliverables, especially within the critical point, that reference a keen eye of perception to keeping pace. The identification of the key metrics are the important element to considering how the approach the can or should be applied in meeting project scope goals. The project life cycle correlates to the determining factor of

Discuss the MBS market in the US Essay Example | Topics and Well Written Essays - 2250 words

Discuss the MBS market in the US - Essay Example Fisher Centre for the Economics and Real Estate Journal (Van Order, 2000). The paper also shows a little history about the mortgaged based securities market in the US. It also displays the subtypes of the mortgage-backed security. For instance, it indicates mortgages that have collateral especially those that are secured using bond. It also shows stripped mortgages that are acquired using the relationships. The paper also that there is also the secondary mortgage market where a network of lenders does sell, and the investors buy the existing MBS. The issue of market size and liquidity is. The paper also shows how the Mortgage-backed security is where the weighted average coupon (WAC) and the weighted average maturity are in the valuation of a pass-through MBS (Van Order, 2000). The paper also talks about the issue of credit risk where the credit risk of the mortgage-backed securities will depend on the susceptibility of the borrowers in honouring their credit obligations at the required time. It also shows that the MBS’ credit rating is usually high (Van Order, 2000). The Mortgage backed securities (MBS) entails a debt responsibility that act as a representative of the claims to the cash flows from various loan mortgages brought together. It commonly witnessed in the real estate properties. Mortgage loans are from mortgage companies, banks, and other originators, and they are into pools by the private entity, governmental or quasi-governmental entity. The entity will then issue securities that represent claims on the principal and payments of interest made by investors on the loans in the pool. The process is as securitization (Levin and Davidson, 2008). Most Mortgaged Backed Securities originate from government-based institutions especially those that deals with mortgages. Some of such institutions are NMA and FAM. It also involves other corporation in the