project management
After defining the project, Saray Trading begins to unify its project implementation objectives for financial, engineering, and operational aspects, to reflect the desired performance for our project requirements. The primary challenge of project management is ensuring that the project is completed within specified constraints. The second, more ambitious challenge is achieving the optimal and most appropriate implementation in accordance with international standards.
Saray Trading's work system begins with professional project management through:
- General framework for project management
- Project work and organization cycle
- Project management stages
- Project integration
- Project scope of work
- Project costs
- Project quality
- Project human resources
- Project risks
- Supplying project supplies and purchases
- Professional Ethics in Project Management
Saray Trading here means ; completing the work on time as a primary goal, within budget, and according to specifications. These three elements are the important criteria in our project management process, which we call the “Triple Hitchhiker.”
As it is the focal point of our project management professionals' attention and effort, our project management requires that it be executed in the most efficient manner possible with respect to time, money (and the resources you purchase) and specifications.
At Saray Trading, we address time constraints by setting deadlines for completion, while we address obstacles within the framework of budgets, through estimates specific to each project's work.
When work begins on our projects, the budget monitoring process is conducted to ensure that costs have not gotten out of control , how to establish control solutions in advance, and how to plan and prioritize implementation, and overcome the most difficult constraints for management, which are specifications, because they determine what the project effort output should be.
What should be achieved? At Sarai Trading, we set standards and indicators for implementing the selection and monitoring process. It is not enough for us to have specifications that define an excellent technical product; they must also be designed to satisfy our customers.
In general, project management at Saray Trading includes risk management , which is the process of measuring and assessing risks and developing strategies to manage them. These strategies involve transferring risks to another party, avoiding them, mitigating their negative effects, and accepting some or all of their consequences.
Ideal risk management at Saray Trading follows a prioritization process, whereby risks with large losses and a high probability of occurrence are addressed first, while risks with smaller losses and a lower probability of occurrence are addressed later.
In practice, this process can be very difficult, and the balance between high-probability risks and low losses versus low-probability risks and high losses can be handled poorly .
intangible risk management has been defined as a new type of risk, which is the risk that has a 100% probability of occurrence, despite… Difficulty and ability to identify it, but we have created this problem through our analysis, an example of which is knowledge risks , which occur when incomplete knowledge is applied , as well as relationship risks, which occur when there is ineffective cooperation.
We envisioned that finding a solution to all these risks would directly impact the productivity of knowledge workers , And the effectiveness of spending , profit , service , quality , reputation and quality of gains .
Which led us at Saray Trading to diversify and distribute sources as it
It illustrates the idea of opportunity cost, as some of the resources spent on
risk management could be used more effectively .
At Saray Trading, we have established some elements that guide us on the right path in our project management methodology, which we have defined as follows:
- Management : It includes all the functions and activities carried out by the project management to ensure its proper operation.
- Manpower : They are the appropriate workers in the project who work to produce goods and provide services .
- Materials : These are the materials used in producing the goods and services that the project provides to its customers.
- Machines and equipment : What the project needs to produce goods and provide services.
- Market : current and potential customers.
- Money : It is essential to achieve and accomplish the previous requirements .
There is no doubt that we designed features based on what we need and what can be provided, which are as follows:
- Knowing the market need through the market surveys we conduct
- The available resources , whether raw materials or labor, are determined through careful analysis.
- The needs of our target customers and what we can provide in our current and future projects
Sarai Trading strives to establish a positive work environment that fosters creativity, harmonizes the ideas presented by our team, and links them to standards and standards from which we never deviate. We work continuously and consistently to eliminate and avoid weaknesses and strengthen and enhance strengths.
Saray Trading has a plan in place to address potential and anticipated risks, whether external or internal, with clear steps and a methodology published among our team, which we summarize below:
- Collecting information and establishing a database
- Analysis and development of alternatives
- Implementation of the best alternative
- Follow-up and evaluation
- Compare the planned to the actual