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Tourism & Management Courses

We provide you with the unique opportunity to study tourism and management's academic and practical aspects and gain first-hand industry experience. It covers all the integral features and concepts of the tourism and travel sector, including visitor attractions, hotels, leisure centers, theatres, events, business tourism, music venues, and travel.

We provide you with the unique opportunity to study tourism and management's academic and practical aspects and gain first-hand industry experience. It covers all the integral features and concepts of the tourism and travel sector, including visitor attractions, hotels, leisure centers, theatres, events, business tourism, music venues, and travel.
Financial Market & Crisis - Exercises, MCQs, Question Bank, Case Study, Exam Questions with Answers
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Financial Market & Crisis - Exercises, MCQs, Question Bank, Case Study, Exam Questions with Answers

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This exercise focuses on concepts related to financial markets and crises, offering a range of question types to facilitate understanding, such as fill-in-the-blank, multiple-choice, case studies, and analytical prompts. It covers key themes like currency convertibility, financial crises (Asian and Global), trade dynamics, the middle-income trap, and economic strategies for growth. Additionally, it explores policy impacts on developing and developed economies, including China’s financial policies, Brexit’s economic implications, and fiscal management. Key Themes: Currency and Trade: Currency convertibility, trade liberalization, and balance of payments. Economic Crises: Asian Financial Crisis, Global Financial Crisis, and their policy responses. Developmental Challenges: Middle-income trap, globalization, and economic transitions. Policy Tools: Monetary policy, fiscal deficits, and foreign direct investment. Who Can Use It: Educators and Students: In economics, finance, and international relations courses. Professionals: Analysts and policymakers studying financial systems or developmental strategies. Applicable Courses: Undergraduate and Graduate Level: Courses like International Finance, Economic Development, Global Trade Policies, and Financial Crisis Management. Specialized Modules: Emerging Markets, Development Economics, and Macroeconomic Policy. This exercise enhances comprehension of theoretical and practical aspects of financial markets, helping learners and professionals understand critical economic challenges and policy implications globally.
Balancing Preservation and Recreation: Sustainable Tourism Development in Yellowstone National Park
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Balancing Preservation and Recreation: Sustainable Tourism Development in Yellowstone National Park

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Yellowstone National Park, the world’s first national park, stands as a beacon of conservation and sustainable tourism. This study explores the multifaceted aspects of sustainable tourism within the park, examining its ecological, economic, and cultural dimensions. It highlights the park’s diverse geography, including geothermal features, ecosystems, and wildlife, alongside the challenges posed by high visitation rates, climate change, and human-wildlife interactions. Through sustainable practices such as eco-friendly infrastructure, visitor education, and partnerships with local communities, Yellowstone exemplifies how tourism can coexist with environmental stewardship. By addressing historical injustices faced by Indigenous communities and fostering global collaboration, the park continues to inspire innovative approaches to preserving natural wonders for future generations. Learning Outcomes: Define sustainable tourism and its significance in balancing environmental, economic, and social factors. Gain insights into Yellowstone’s geothermal significance, biodiversity, and unique topographical attributes. Recognize the role of Yellowstone as a global model for ecotourism. Analyze the Impacts of Tourism on Yellowstone: Identify positive and negative effects of tourism on the park’s ecosystems, economy, and cultural heritage. Evaluate strategies employed to mitigate issues such as overcrowding, wildlife disturbance, and environmental degradation. Examine the Role of Stakeholders in Sustainable Management: Understand the challenges and successes of collaborative conservation efforts. Apply Sustainable Practices in Tourism: Discuss innovative solutions, such as virtual tours and green technologies, for enhancing sustainability in protected areas. This complete lesson package includes a presentation file, engaging group activities, quizzes, multiple-choice questions (MCQs), critical analysis topics, further readings, all designed to foster deep understanding and interactive learning in and outside classroom. Please check out our other full and individual courses in our store.
Foundations of Project Management - Lesson 9 Reducing Project Duration
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Foundations of Project Management - Lesson 9 Reducing Project Duration

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Imagine the following scenarios: After finalizing your project schedule, you realize the estimated completion date is two months beyond what your boss publicly promised an important customer. Five months into the project, you realize that you are already three weeks behind the drop-dead date for the project. Four months into a project top management changes its priorities and now tells you that money is not an issue. Complete the project ASAP! This lesson addresses strategies for reducing project duration either prior to setting the baseline for the project or in the midst of project execution. The Learning Outcomes are: Rational for reducing projection duration Options for accelerating project completion under resource constrain and no resource constrain Project cost-duration graph Direct and indirect project costs Cost-duration trade-off Project crashing Project management trade-off matrix Benefits and risks associated with project crashing This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, with video links, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience. The materials are based on “Project Management: The Managerial Process” of Clifford Gray (Author) and Erik Larson. We wish you all the best for the study, and should you have any further questions, please get in touch.
Sustainable Tourism Development - Agriculture-Tourism (Agri-Tourism) in Kunisaki Japan with Activity
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Sustainable Tourism Development - Agriculture-Tourism (Agri-Tourism) in Kunisaki Japan with Activity

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This is a case study on sustainable agricultural tourism in the Kunisaki Peninsula, located in Oita Prefecture, Japan. This region is renowned for its green tourism initiatives and agricultural tourism in particular that blend cultural and natural including agriculture, forestry, and fisheries, helping to revitalize rural areas and develop local economy and tourism sustainably. The Kunisaki Peninsula is a prime example of how tourism can support both economic growth and environmental conservation. The learning outcomes are: Analyzes the tourism potential of agricultural heritage landscapes for regional revitalization. Focuses on the Kunisaki Peninsula, nominated as a Globally Important Agricultural Heritage System (GIAHS) in 2013. Agricultural heritage landscapes sustain societies for millennia and offer new tourism opportunities Gain insight into the region’s cultural and natural attractions and how they contribute to tourism. Evaluate the strengths and weaknesses of Kunisaki’s sustainable tourism development through SWOT analysis. Be able to apply sustainable tourism strategies to other rural regions.
Sustainable Tourism Development: Measuring & Improving Tourism Data & Statistics in Northern Ireland
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Sustainable Tourism Development: Measuring & Improving Tourism Data & Statistics in Northern Ireland

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The purpose of this lesson is to introduce how local and regional authorities can build a consistent framework for collecting and analyzing tourism data using TUI in Northern Ireland as an example. This approach will ensure comparability across regions, which is essential for informed decision-making and also timely collection of accurate data. The video will walk you through key aspects of tourism measurement, data collection approaches, purpose and importance of doing so, as well as introducing definitions, economic impact, visitor surveys, benchmarking, and more. The presentation highlights the need for better measurement of tourism’s economic, social, and environmental impact, as exemplified by the case of Northern Ireland and its effort in promoting sustainable tourism development. The presentation discusses best practices for measuring tourism locally, which is critical for developing sustainable tourism at the community level. This can involve tracking visitor numbers, environmental impacts, and ensuring resources are used efficiently without depleting them. By the end of this session, participants will: Understand the current state of tourism in Northern Ireland, including its economic and environmental impacts. Be able to define sustainable tourism and explain the balance between economic growth and environmental protection. Recognize the importance of data in shaping sustainable tourism strategies. Identify key methods and best practices for measuring tourism’s economic, environmental, and social impacts. Learn about the role of the Tourism Intelligence Unit (TIU) in improving tourism data and its application in decision-making. Explore different project options for enhancing tourism statistics and sustainability practices, including practical examples. This is a comprehensive lesson plan for about 1.5 -2 hours including a well-prepared PowerPoint presentation, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience. To watch the video of this lesson please visit my Youtube channel: download the full pack of the lesson materials, please visit: Tourism Courses 旅游学习
Foundations of Project Management - Lesson 8 Scheduling Resources and Costs
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Foundations of Project Management - Lesson 8 Scheduling Resources and Costs

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Welcome to Project Management. This is the 8th lesson of this module. There are always more project proposals than there are available resources. The priority system needs to select projects that best contribute to the organization’s objectives, within the constraints of the resources available. If all projects and their respective resources are computer scheduled, the feasibility and impact of adding a new project to those in process can be quickly assessed. With this information the project priority team will add a new project only if resources are available to be formally committed to that specific project. This chapter examines methods of scheduling resources so the team can make realistic judgments of resource availability and project durations. The project manager uses the same schedule for implementing the project. If changes occur during project implementation, the computer schedule is easily updated and the effects easily assessed. This lecture series is based on Erik W. Larson and Clifford F. Gray’s Book “Project Management, the Managerial Process” chapter by chapter. You will find the content of this text highly practical, relevant, and current. The concepts discussed are relatively simple and intuitive. As you study each chapter we suggest you try to grasp not only how things work, but why things work. You are encouraged to use the text as a handbook as you move through the three levels of competency: I know. I can do. I can adapt to new situations. The learning outcomes of this lesson include: In this lecture, we focus on these four learning outcomes: 8-1 Understand the differences between time-constrained and resource- constrained schedules when doing project planning 8-2 Identify different types of resource constraints. 8-3 Describe how the smoothing approach is used on time-constrained projects. 8-4 Describe how the leveling approach is used for resource-constrained projects. 8-5 Understand how project management software creates resource constrained schedules. 8-6 Understand when and why splitting tasks should be avoided. 8-7 Identify general guidelines for assigning people to specific tasks. 8-8 Identify common problems with multiproject resource scheduling. 8-9 Explain why a time-phased budget baseline is needed. 8-10 Create a time-phased project budget baseline. This is a comprehensive lesson plan for about 1.5 -2 hours including a well-prepared PowerPoint presentation, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience. To download the full pack of the lesson materials, please visit:
Foundations of Project Management - Lesson 3 Project Structure and Culture
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Foundations of Project Management - Lesson 3 Project Structure and Culture

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Welcome to Project Management. This is the 3rd lesson of this module. Once management approves a project then the question becomes, how will the project be implemented? This chapter examines three different project management structures used by firms to implement projects: functional organization, dedicated project teams, and matrix structure. Although not exhaustive, these structures and their variant forms represent the major approaches for organizing projects. The advantages and disadvantages of each of these structures are discussed as well as some of the critical factors that might lead a firm to choose one form over others. This lecture series is based on Erik W. Larson and Clifford F. Gray’s Book “Project management, the managerial process” chapter by chapter. You will find the content of this text highly practical, relevant, and current. The concepts discussed are relatively simple and intuitive. As you study each chapter we suggest you try to grasp not only how things work, but why things work. You are encouraged to use the text as a handbook as you move through the three levels of competency: I know. I can do. I can adapt to new situations. The learning outcomes of this lesson include: In this lecture, we focus on these four learning outcomes: 1 Project Management Structures 2 What Is the Right Project Management Structure? 3 Organizational Culture 4 Implications of Organizational Culture for Organizing Projects This is a comprehensive lesson plan for about 1.5 -2 hours includes a well-prepared PowerPoint presentation, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience.
Foundations of Project Management - Lesson 4 Defining the Project
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Foundations of Project Management - Lesson 4 Defining the Project

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Project managers in charge of a single small project can plan and schedule the project tasks without much formal planning and information. However, when the project manager must manage several small projects or a large complex project, a threshold is quickly reached in which the project manager can no longer cope with the details. This lesson describes a disciplined, structured method for selectively collecting information to use through all phases of the project life cycle, to meet the needs of all stakeholders (e.g., customer, project manager), and to measure performance against the strategic plan of the organization. The key learning outcomes are: Identify key elements of a project scope statement and understand why a complete scope statement is critical to project success. Describe the causes of scope creep and ways to manage it. Understand why it is important to establish project priorities in terms of cost, time, and performance. Demonstrate the importance of a work breakdown structure (WBS) to the management of projects and how it serves as a database for planning and control. Demonstrate how the organization breakdown structure (OBS) establishes accountability to organization units. Describe a process breakdown structure (PBS) and when to use it. Create responsibility matrices for small projects. Create a communication plan for a project. This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, with video links, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience. The materials are based on “Project Management: The Managerial Process” of Clifford Gray (Author) and Erik Larson. We wish you all the best for the study, and should you have any further questions, please get in touch.
Foundations of Project Management Whole Course Complete Lesson 1-12
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Foundations of Project Management Whole Course Complete Lesson 1-12

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Welcome to Project Management. Project management is both people and technical oriented. Project management involves understanding the cause-effect relationships and interactions among the sociotechnical dimensions of projects. Improved competency in these dimensions will greatly enhance your competitive edge as a project manager. The field of project management is growing in importance and at an exponential rate. It is nearly impossible to imagine a future management career that does not include management of projects. Résumés of managers will soon be primarily a description of the individual’s participation in and contributions to projects. Good luck on your journey through the text and on your future projects This lecture series is based on Erik W. Larson and Clifford F. Gray’s Book“Project Management: The Managerial Process”. The chapters are: Chapter 1 Modern Project Management Chapter 2 Organization Strategy and Project Selection Chapter 3 Organization: Structure and Culture Chapter 4 Defining the Project Chapter 5 Estimating Times and Costs Chapter 6 Developing a Project Plan Chapter 7 Managing Risk Chapter 8 Scheduling resources and cost Chapter 9 Reducing Project Duration Chapter 10 Leadership Chapter 11 Teams Chapter 12 Outsourcing Chapter 13 Monitoring Progress Chapter 14 Project closure Chapter 15 International Projects Chapter 16 Oversight Chapter 17 Agile PM You will find the content of this text highly practical, relevant, and current. The concepts discussed are relatively simple and intuitive. As you study each chapter we suggest you try to grasp not only how things work, but why things work. You are encouraged to use the text as a handbook as you move through the three levels of competency: I know. I can do. I can adapt to new situations. All lesson materials include detailed lesson plan, for about 1.5 hours, including This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, with video links, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience. The Power Point presentations are fully animated with scripts and ready to deliver. They are also videos available to watch. They contain a mixture of topic information, examples, and activities/exercises for each topic in the specification for the learning outcomes. All lessons are suitable for about 1 hour of teaching time in which class exercises and homework are integrated into lessons where appropriate. We wish you all the best for the study, and should you have any further questions, please get in touch.
Foundations of Project Management - Lesson 2 Organisation Strategy & Project Selection
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Foundations of Project Management - Lesson 2 Organisation Strategy & Project Selection

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This is the 2nd lesson of Foundation of Project Management - Organisation Strategy and Project section in Project Management. Strategy is fundamentally deciding how the organization will compete. Organizations use projects to convert strategy into new products, services, and processes needed for success. Aligning projects with the strategic goals of the organization is crucial for project success. Today’s economic climate is unprecedented by rapid changes in technology, global competition, and financial uncertainty. These conditions make strategy/project alignment even more essential for success. Every major project needs to have a strong linkage to the strategic plan. Ensuring a strong link between the strategic plan and projects is a difficult task that demands constant attention from top and middle management. With these views, the key learning outcomes of this lesson include: 1 Explain why it is important for project managers to understand their organization’s strategy 2 Identify the significant role projects contribute to the strategic direction of the organization 3 Understand the need for a project priority system 4 Distinguish among three kinds of projects 5 Describe how the phase gate model applies to project management 6 Apply financial and nonfinancial criteria to assess the value of projects (criteria in order to decide) 7 Understand how multi-criteria models can be used to select projects 8 Apply an objective priority system to project selection 9 Understand the need to manage the project portfolio This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, with video links, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience. The materials are based on “Project Management: The Managerial Process” of Clifford Gray (Author) and Erik Larson. We wish you all the best for the study, and should you have any further questions, please get in touch.
Foundations of Project Management - Lesson 11 Managing Project Team
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Foundations of Project Management - Lesson 11 Managing Project Team

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Welcome to Lesson 11 on Managing Project Team. Effective project team management is essential for achieving project success by leveraging the collective expertise, skills, and efforts of team members towards common goals. It involves creating a supportive and inclusive team environment, providing leadership and direction, fostering effective communication and collaboration, and managing resources and performance to deliver high-quality outcomes within constraints. The learning outcomes of this lesson include: What is a high-performing team? What are the main characteristics of high-performing teams? The five-stage team development model How to build a high-performing team? Managing conflict within a project team. Differences between functional and dysfunctional conflicts Managing virtual teams Pitfalls in project teams This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience.
Exam of Business, Operation and Management - Supply Chain Realignment and Internationalization
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Exam of Business, Operation and Management - Supply Chain Realignment and Internationalization

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The assignment requires students to conduct a strategic analysis of a supply chain management based on a provided real case study by Krishna G. Palepu. It is structured around four main questions derived from the case study. Students are expected to provide detailed responses to each question. The expected outcome of the assignment is for students to demonstrate their understanding of key supply chain management concepts, theories, and strategies. Additionally, students should showcase their ability to critically analyze the provided case study, identify relevant problems and factors, evaluate risks and challenges, and provide well-reasoned recommendations based on their analysis. The assignment aims to enhance students’ strategic thinking, analytical skills, and ability to apply theoretical concepts to real-world business scenarios. The assignment is suitable to Business and Management modules, particularly Operation Managemnt, Project Management subjects.
Exam of Business and Management - Business Ethics and CSR
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Exam of Business and Management - Business Ethics and CSR

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This assignment relates to the ethical analysis and decision-making in a business context. Specifically, it addresses ethical considerations related to Corporate Social Responsibility (CSR), transparency, consumer trust, and business sustainability. It requires students to critically assess a real-world scenario, analyze the ethical implications of potential actions, and provide informed recommendations based on ethical principles and business considerations. it is suitable to Business Ethics, Management, Business Perspective Modules. The expected outcome of the assignment is for students to demonstrate their understanding of key CSR and business ethics related concepts, theories, and strategies. Additionally, students should showcase their ability to critically analyze the provided materials, identify relevant problems and factors, evaluate risks and challenges, and provide well-reasoned recommendations based on their analysis. The assignment aims to enhance students’ strategic thinking, analytical skills, and ability to apply theoretical concepts to real-world business scenarios.
Exam of Managing Organisation - Corporate Social Responsibility (CSR) Short Essay
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Exam of Managing Organisation - Corporate Social Responsibility (CSR) Short Essay

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This exam is an assignment focused on Corporate Social Responsibility (CSR). It requires students to select a company, conduct research, and then produce a written assignment summarizing their findings. The expected outcome of the assignment is for students to demonstrate their understanding of key CSR and business ethics related concepts, theories, and strategies. Additionally, students should showcase their ability to critically analyze the provided materials, identify relevant problems and factors, evaluate risks and challenges, and provide well-reasoned recommendations based on their analysis. The assignment aims to enhance students’ strategic thinking, analytical skills, and ability to apply theoretical concepts to real-world business scenarios. The exam paper is suitable to Business Ethics and Management related modules.
Introduction to Accounting Fundamentals of Management Accounting: Lesson 5 Process-Based Costing
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Introduction to Accounting Fundamentals of Management Accounting: Lesson 5 Process-Based Costing

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Process-based costing, is a costing method used in managerial accounting to allocate costs to products or services based on the specific activities involved in their production or delivery. Unlike traditional costing methods that allocate costs based on direct labor or machine hours, process-based costing focuses on the various processes or activities that consume resources within an organization. The lesson will cover the basics of process costing, including its definition, components (direct materials, direct labor, and overhead), calculation of equivalent units, assigning costs, and methods such as FIFO and weighted average. It will involve interactive discussions, examples, exercises, and practical applications to reinforce learning. Learning Oucomes: Explain when process costing systems are appropriate; Explain the accounting treatment of normal and abnormal losses; Prepare process, normal loss, abnormal loss and abnormal gain accounts when there is no ending work in progress; Explain, calculate and value equivalent units; Explain how joint and by-products are treated in process costing All lesson materials include reading materials, various exercises, activities, and quizzes. The PowerPoint presentations are fully animated with scripts and ready to deliver. They contain a mixture of topic information, examples, and activities/exercises for each topic in the specification for the learning outcomes. All lessons are suitable for about 1 -2 hour of teaching time and 1-2 hours tutorial in which class exercises and homework are integrated into lessons where appropriate. We wish you all the best for the study, and should you have any further questions, please get in touch.
Foundations of Project Management - Lesson 12 Outsourcing in Project Management
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Foundations of Project Management - Lesson 12 Outsourcing in Project Management

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Welcome to Lesson 12 on Outsourcing in Project Management, an important part of modern day project management. We will learn about the importance, advantages and disadvantages of outsourcing a project’s elements. The learning outcomes of this lesson include: Understand the advantages and disadvantages of outsourcing project work. Describe the basic elements of a Request for Proposal (RFP). Identify best practices for outsourcing project work. Practice principled negotiation. Describe the met-expectations model of customer satisfaction and its implications for working with customers on projects By the end of this lesson, you will have a comprehensive understanding of the importance, advantages and disadvantages of outsourcing in effective project management, equipped with the tools and strategies needed to implement outsourcing and collaboration with project partners and suppliers. This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience.
Foundations of Project Management - Lesson 10 Effective Project Managers
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Foundations of Project Management - Lesson 10 Effective Project Managers

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In a perfect world, the project manager would simply implement the project plan and the project would be completed. The project manager would work with others to formulate a schedule, organize a project team, keep track of progress, and announce what needs to be done next, and then everyone would charge along. A manager expedites certain activities; figures out ways to solve technical problems; serves as peacemaker when tensions rise; and makes appropriate trade offs among time, cost, and scope of the project. However, project managers do more than put out fires and keep the project on track. They also innovate and adapt to ever-changing circumstances. They often have to deviate from what was planned and introduce significant changes in the project scope and schedule to respond to unforeseen threats or opportunities. The learning outcomes of this lesson include: Understand the difference between managing and leading a project. Understand the need to engage project stakeholders. Identify and apply different “influence currencies” to build positive relations with others. Create a stakeholder map and develop strategies for managing project dependencies. Understand the need for a highly interactive management style on projects. More effectively manage project expectations. Develop strategies for managing upward relations. Understand the importance of building trust and acting in an ethical manner while working on a project. Identify the qualities of an effective project manager. By the end of this lesson, you will have a comprehensive understanding of roles and purposes of effective project managers in project management, equipped with the tools and strategies needed to navigate the project management process. This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience.
Organisation Management - Lesson 10 Organisational Behaviour Theories and Practices
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Organisation Management - Lesson 10 Organisational Behaviour Theories and Practices

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This lesson In this course, learners will embark on a journey through the multifaceted domain of business ethics. The lesson starts with a definition and investigation into the meaning of ethics and philosophical value of ethics. It then moves into the discussion of the meaning, characteristics and strategies of business ethics. The lesson also explores the meaning, importance and challenges of global business ethics. Learning Outcomes: By the end of this lesson, learners should be able to: Define the key concepts and theories of organizational behavior. Analyze how individual differences influence behavior in organizations. Examine the dynamics of group behavior and its impact on organizational effectiveness. Understand the processes of communication within organizations. Identify leadership styles and their effects on employee motivation and performance. Apply theories of motivation to enhance workplace productivity. Evaluate the role of organizational culture in shaping behavior. Explore the concepts of change management and resistance in organizational contexts. These materials contain a mixture of topic information, examples, and activities/exercises for each topic in the specification for the learning outcomes. All lessons are suitable for about 1 hour of teaching time in which class exercises and homework are integrated into lessons where appropriate. This course is suitable for candidates in Grade 5, 6 (A level and further education), university-level students, or those who wish to pursue a career in management or are interested in the issues. Whether it is beginners or professional managers, this course is designed to build on your interest and passion for management and provide essential information to explore the topic further. We wish you all the best for the study, and should you have any further questions, please get in touch via email.
Introduction to Accounting Fundamentals of Management Accounting: Lesson 4 Activity Based Costing
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Introduction to Accounting Fundamentals of Management Accounting: Lesson 4 Activity Based Costing

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Activity-based costing (ABC) is an accounting method that assigns costs to products and services based on the activities they require. This approach helps organizations more accurately determine the cost of individual products and services, enabling them to identify and eliminate inefficiencies, improve pricing decisions, and better allocate resources. Learning Oucomes: Introduction to ABC: Identifying Activities Assigning Costs to Activities Cost Pools Cost Drivers Calculating the Cost of Products/Services Advantages and benefits of ABC Challenges Activity-based costing is a detailed approach that assigns costs to products and services based on the activities they require, offering more accurate and actionable cost information compared to traditional costing methods.
Foundations of Project Management - Lesson 7 Managing Risk of Projects
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Foundations of Project Management - Lesson 7 Managing Risk of Projects

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Welcome to Lesson 7 on Managing Risk in Project Management, a crucial aspect that determines the success or failure of any project. In this lesson, we will embark on a journey to understand the multifaceted nature of risk management, its significance in project management, and the strategies and tools necessary to mitigate risks effectively. Risk management is an integral part of project management, involving identifying, analyzing, and responding to project risks. It encompasses coordinating and applying resources to minimize, monitor, and control the probability and impact of unforeseen events or maximize the realization of opportunities. As projects become more complex and environments more uncertain, managing risk effectively becomes increasingly essential for project managers and their teams. Throughout this lesson, we will cover the following key areas: Describe the risk management process. Understand how to identify project risks. Assess the significance of different project risks. Describe the five responses to managing risks. Understand the role contingency plans play in the risk management process. Understand opportunity management and describe the five approaches to responding to opportunities in a project. Understand how contingency funds and time buffers are used to manage risks on a project. Recognize the need for risk management as an ongoing activity. Describe the change control process. By the end of this lesson, you will have a comprehensive understanding of risk management in project management, equipped with the tools and strategies needed to navigate the uncertainties of any project. Whether you are a seasoned project manager or new to the field, mastering risk management is key to steering your projects towards success while minimizing potential pitfalls. This is a comprehensive lesson plan for about 1.5 hours includes a well-prepared PowerPoint presentation, interactive exercises, in-depth case studies, and associated reading materials, designed to provide a holistic learning experience.