Project Management Fundamentals
Information Systems
An information system can be defined as a set of interrelated components working together to collect, retrieve, process, store, and distribute information to facilitate planning, control, coordination, analysis, and decision-making in companies and other organizations.
The Five Management Functions
- Plan
- Organize
- Control
- Leading
- Coordinate
Project Management
Project management covers two major problems:
- Effective performance of management functions to achieve results under severe restrictions.
The Ultimate Guide to Entrepreneurship and Business Planning
7 Ps of Marketing
- Product
- Place
- Price
- Promotion
- People
- Packaging
- Positioning
The 4 Ms of Operations
- Manpower
- Method
- Machine
- Materials
Famous Entrepreneurs
Henry Sy – ShoeMart
Tony Tan Caktiong – Jollibee Foods
Socorro Ramos – National Book Store
John Gokongwei Jr. – J.G. Holdings
Edgar Sia – Mang Inasal
Mariano Que – Mercury Drug
Cresida Tueres – Greenwich Pizza
Cecilio Kwok Pedro – Lamoiyan Corporation
Alfredo Yao – Zest-O
Gregorio Sanchez Jr – Lacto PAFI
Joe Magsaysay – Potato Corner
Milagros, Clarita, and Doris Leelin
Read MoreProduct Display Strategies for Retail Success
Product Display & Profitability
Understanding Product Categories
Different products contribute to profitability in unique ways. Let’s categorize them:
- Star Products: High sales volume and above-average profit margins. Focus on prominent displays.
- Cash Cow Products: Above-average sales volume but lower profit margins. Maintain consistent visibility.
- Question Mark Products: Below-average sales volume but higher profit margins. Strategically position to attract attention.
- Dog Products: Low sales volume
Effective Teamwork and Leadership Styles: A Comprehensive Guide
Understanding Teams and Working Groups
What is a Working Group?
A working group is a specialized subsystem within an organization. It consists of individuals with a fixed operating plan, performing similar tasks and pursuing common objectives. Examples include a Senate committee or a council committee, where responsibility is often individual and work is delegated to each member.
What is a Team?
A team is a group of people organized to collaborate and achieve a shared goal. Teams leverage the diverse
Read MoreUnderstanding Data Analysis and Signal Processing Techniques
Data Analysis and Signal Processing Techniques
Randomness and Statistical Methods
Jackknifing: Randomly sample all possible N-1 subsets, calculate your statistics for each, then aggregate all the results.
Bootstrapping: Randomly sample with replacement a set with N elements, calculate your statistics, repeat (for some large #P), then…
Subsampling: Randomly sample a smaller subset with M elements (M
The purpose of statistics is to deal with randomness that’s beyond our control. ‘Monte Carlo’ methods
Read MoreConstruction Project Management and Execution Guide
Project Overview
Project: A comprehensive set of documents and plans that justify, define, condition, and value the elements of a work in sufficient detail for another technician to conduct related work. The project is structured as follows: Memory, Plans, Technical Specification Particular, and Budget.
Key Project Documents
Memory
The Memory is a synthesis of the project, providing a rapid understanding for the reader. It is typically created last and includes:
- Background and purpose of the project
- Description