UNIVERSITY OF ZIMBABWE
HBBS4 (FINANCE AND BANKING)
QUESTION: Illustrate fully using practical examples the existence of project work in the different projects environments in Zimbabwe in particular and world-wide in general.
Project work is undertaken in a variety of environments and D Roman has categorized these environments into commercial, government, military and multi environment. Projects are characterised into these environments based on complexity, uncertainty and unpredictability. Projects typically require the resources and coordinated work effort of multiple people, subunits and organisations, which is the project
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The customer and top management are regularly kept abreast of the progress of the project keeping in mind the profit and cost minimisation objectives since it is the main drive in a commercial environment. In a commercial environment, on completion of the project, the project team will entirely be dissolved and the project manager will be resolved off his duties. Since project managers will be out of the job on completion of the project, to ensure continued existence they continuously work on proposals seeking out projects that may extend or be an improvement on the existing project. In Zimbabwe an association of project managers and practitioners known as Project Management Zimbabwe (PMZ) with a membership base of over 1000 was created to develop and nurture the strategic capabilities of project managers so that they remain abreast of the developments in project work both on a national and international level. The construction of the Joina City shopping mall was entirely based on the notion of profit making. The building which occupies over 30 tenants, comprising of diverse businesses and 4 parking basements which were sub-contracted to Easy-Park generates income to the owner Shingai Mutasa. Since commercial projects are mainly dependent on the Project manager, there was a delay in the completion of the Joina City complex because the project manager passed on before the