30 Mar Business Intelligence and Business Analytics
Module 01 Written Assignment – Business Intelligence and Business Analytics
Conduct some independent research on Business Intelligence (BI) and Business Analytics (BA). Write a 1-2 page paper formatted according to APA standards, with citations and references, comparing BI and Business Analytics. Within your paper, discuss the differences between Business Intelligence and Business Analytics and briefly describe the three main components of Business Analytics. Include a table within your document comparing BI and BA.
question
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Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.
Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.docx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:
You have been hired by Robert M. Lopez, Chief Compliance Officer of ANox Pharmaceutics, to examine sales data and identify any conduct by sales consultants that is inconsistent with ANox Pharmaceutics’ policy for selling agents.
ANox Pharmaceutics sells pharmaceutic contracts to physicians, physician groups and hospitals. Currently, ANox Pharmaceutics is preparing for a federal audit and needs to find outliers prior to the official government audit.
You will gather the business requirements from a meeting that was conducted by the Chief Compliance Officer. Your engagement will include the retrieval, classification, and analysis of the data for 27 ANox Pharmaceutics sales consultants. After analyzing the data, you will provide a report that visually assesses the data providing the Chief Compliance Officer with an executive summary of your findings.
You have been provided three artifacts to accomplish your objective:
The 2014 Fourth Quarter spreadsheet contains sales data pertaining to ANox’s 27 sales consultants. The spreadsheet contains data for 2014 fourth quarter in tabs labeled October2014, November2014, and December2014.
ANox Pharmaceutic Policy P1029 – Sales Consultant Selling Practices will detail standard operating procedures that must be adhered to by all sales consultants.
The 1/15/2015 meeting notes and expectations from ANox’s Chief Compliance Officer, Robert M. Lopez.
To prepare for this project:
Read and understand ANox Pharmaceutic Policy P1029 for selling agents.
Read the 1/15/2015 meeting notes and expectations from Robert M. Lopez.
Conduct an initial examination of the 2014 Fourth Quarter.xls
Due Date
There will be individual assignments due within each module. The module they are due is noted in the time line below.
Separate these 2 files*****
Module 01 Assignment – Summary Project Management
As we wrap up this module, write a 1-2-page summary of some of the key points that stood out to you about project management and how it is part of your everyday life.
Examples could include setting a study schedule that you use for school and work; planning summer activities for your children during the summer; or managing a renovation at your home. The list can be endless because every aspect of your life can be considered a project with a goal in mind. Be creative and look at some of the “processes” that you do on a daily basis.
Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.
Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.docx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:
Jstudent_exampleproblem_101504
The Structure of Project Management
project management ConceptClick for more options
For almost every business process, there is some type of structure, and project management is no different. Listed below are the stages in the project management process.
Project Management Process
There are five stages of project management:
Initiating – in this phase, the project team is assembled and briefed on what the project is.
Planning – in this phase, all of the timelines and deliverables, are mapped out.
Executing – in this phase, the project is started and tasks are beginning to be worked on.
Monitoring and Controlling – in this phase of project management, processes and tasks are being monitored for accuracy and quality.
Closing – in this phase, the project has been completed and closed out.
Project Management Interdependent Functional Attributes
Along with the project management stages, there are also process areas that a project team will rely on during the project life cycle. Listed below are the interdependent functional attributes that project management uses.
Integration – this involves incorporating team members from other functional areas into the project to accomplish the project goal.
Scope – this is the main focus of a project that contains the specifics about the duration, deliverables, timelines, and costs of a project.
Time – this can be duration of a project or the duration of tasks in a project.
Cost – this is the projected or budgeted cost amount for a project.
Quality – this means ensuring that the project is producing desirable results that can be compared to certain standards set forth in the project scope.
Procurement – this department may be used to purchase supplies or work with vendors to ensure that items needed for a project are available when needed.
Human resources – this department ensures that personnel are assigned to the project and are paid properly and that any employee-related issues are handled during the project.
Communications – this is an integral piece of the project because instructions and updates must be delivered to the project team.
Risk management – this attribute ensures that there is limited exposure to the processes or stakeholders involved in a project.
Stakeholder management – this is a critical component of project management because everyone who has a vested interest in a project needs to be updated on the status of the project. Parameters need to be set on when they should and should not receive status updates.
As you can see from the list above, the breadth and depth of areas that project management encompasses signify the importance of having a structure to manage projects in an organization.
Key Roles and Responsibilities of the Project Teams
Open Book Click for more options Key Roles and Responsibilities of the Project Teams
Roles and Responsibilities in Project Management
Responsibility Reliability Trust Liability Trustworthy ConceptClick for more options
Understanding the structure of project management involved looking at functional areas and stages; however, looking at the personnel structure is a little different. Project teams are typically composed of stakeholders who are not from the same business unit or functional area, but instead who could be from a different geographic location or an entirely different organization, depending of the magnitude and scope of a project.
The Project Manager
There are numerous words that might describe project managers, but one is the hallmark, the agent of change. The project manager sets the tone and cadence for how the project work should evolve. They are responsible for the following:
Owning project goals
Assigning tasks
Using their technical and business expertise to lead
Invoking a sense of shared purpose within the immediate project team
To be a nimble project manager, you must work well under pressure and welcome a changing environment, all while keeping a perspective of the “big picture” and the tactical details. Along with the creation of a leadership vison, the project manager must be the cultivator of the team by creating an environment of trust and open communication among the stakeholders of a project.
In addition to leadership skills, project managers must possess the skills of flexibility and resilience, which translate into being able to solve complex issues and create tasks and subtasks from interdependent activities. The project manager must also ensure that quality is paramount through monitoring and controlling the project deliverables. They adapt their approach to the context and constraints of each project, knowing that no “one size” can fit all of the variety of projects. And they are always improving their own and their teams’ skills through lessons-learned reviews at project completion.
Depending on what type of organization or project, the project manager can be called various titles such as:
Program managers – who are responsible for multiple related projects
Portfolio managers – who are responsible for alignment, prioritization, and selection of multiple projects and programs within an organization.
The Project Team
To make projects successful, the project manager must have a team to support them through the process. The project team might include:
Contractors – these are team members that are not employees of the organization and have been sourced specifically for the project.
Part-time employees – these are employees of the organization who are only partially dedicated to a project.
Full-time employees – these are employees who are dedicated 100% to a project.
Steering Committee – this committee is comprised of managers and executive stakeholders who have a vested interest in the project.
Project Client – this is typically the sponsoring business unit of the department that will directly benefit from the project.
Project Management Office (PMO) – this group provides oversight and governance for all projects that might occur in an organization.
All of these project team members are typically assigned to work on the various activities and deliverables of a project. Each team member is responsible for making an impact on the project by completing tasks that contribute to the overall scope and objectives for the project. The project manager is empowered to assemble a team of varying levels of skills, backgrounds, geographical locations, and technical expertise to create the optimal project team.
Roles and Responsibilities Matching Activity
Thinking Click for more options Roles and Responsibilities Matching Activity
Please match the responsibilities to the appropriate role.
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