Project Management Essay Example | Topics and Well Written Essays - 1500 words - 9

Project Management - Essay Example The second component is execution phase, whereby, project managers prepare a list of work to be accomplished and procedure to be followed as well the time frame for accomplishing each task. Additionally, the project manager identifies the number of workers required to accomplish the predetermined task within a specific time frame (Campbell, 2007). In above connection, possible constrains should be identified as well as their impact on project implementation. The third component involves project execution, whereby, what has been planned has to be put into practice (Bender, 2010). Controlling is another significant component in which project managers monitors the progress of a project to identify whether the intended goals and objectives will be achieved within the set time frame (Campbell, 2007). Finally, is the closure phase, in this phase project manager and all the stake holders involved in project implementation come together to evaluate whether the desired and outcome were achieved by comparing the actual results with anticipated outcomes(Bender, 2010). Therefore, the study will focus on factors that Coca-Cola Company should consider when locating into a new site. Additionally, a sharp insight of operation management will be provided as well as how operations differ from each other. Coca Cola Company deals with manufacturing, selling and distribution drinks to people located in different locations across the glob. Therefore, the company should consider both market factor and resource based view strategy factors when locating into new sites. Resource based view factors are those that can be outsourced from the target location that can make business adopt more efficiently and effectively (Moore and Longenecker, 2008). Coca-Cola Company should emulate technology applied by other companies located into a new site where it intends to locate and look for ways of having a competitive advantage over