User:MaGabrielaFlores/integrationmanagement

= Integration Management =

Integration
It is the act or action of incorporating, conjoining or reestablishing an element or a part as a whole. In business an example is most companies to succeed in affairs or in businesses who want to have a high return on invested capital (ROIC), or maintain a steady and on going competitive advantage regarding other companies that offer the same products or services in the market segment where a company is involved.

Example
La Favorita S.A. is an Ecuadorian company with a prominent competitive advantage in the food services regarding or contrasting other food services like El Rosado ,however theses food services companies need other companies such as PRONACA ,an Ecuadorian company of food processing. PRONACA is one of the main food suppliers of La Favorita S.A. If PRONACA and La Favorita S.A. didn´t have an integration between them; the former would lose an important return on invested capital because the latter is its most important business partner and La Favorita without its integration with PRONACA would lose a percentage of their market share as well as customer fidelity due to the fact that La Favorita would not have the capacity to satisfy their costumers needs.

Management
Is the way to achieve specific goals of a company through an equal order or degree of systematization.

Example
An example of a well delivered management is the one that the Ecuadorian company Cervecería Nacional CN S.A. posses. Cervecería Nacional is the most important drink and beverage company in Ecuador with a long history starting in 1913 and it has consolidated an important management through its time as well as an awarded recognition in Ecuador. Cervecería Nacional has not only incorporated alcoholic beverages like most potential costumers believe, they have also incorporated other type of drinks such as root beer and water. This process of maintaining the company in an important market segment regarding other drink and beverages companies such as The Tesalia Springs Company S.A.; this positioning in the market segment has been accomplished through a rigorous system of achieving goals and objectives and maintaining the systematization as well as improving it to keep the market share that they have gained through the years.

Integration Management
Integration Management is commonly confused with a knowledge area when it’s a real task or process areas. The process areas are the actions and leads that are taken to achieve a goal or objectiv e  A manager has responsibilities such as: schedule tasks, purchase projects, replace project team members address risks reschedule tasks to achieve successful project completion, etc. Keeping track may be difficult of the various tasks because of the different outcomes that may occur throughout these processes and also because there may exist an overlap of projects and the control of them may turn in to hard task to complete.

Integration Management helps a manager coordinate different project activities, the former, is one of the 10 project management areas and is one of the areas that coordinate all aspects of a project. Integration Management has contact with the 5 phases of a project a company is developing. The five phases of a project are: initiating, planning, executing, monitoring and controlling and finally closing. Integration Management assures a smooth development of the project or goal of a company only when it is well executed and performed

Initiating
Once the idea of a project has been established it is important to take a course of action and apply the knowledge that has been gained through a prior investigation on the topic.

Planning
It is the most important phase of the integration management, because it will be the guide or layout in which the manager will use to develop with success the project. There will be a need of incorporation of all types of resources, to assure the complete satisfaction of the goals and objectives.

Executing
Once the planning phase has been completed, the manager should have the sufficient capacity to complete the tasks and do them in timelapse that should not surpass a deadline previously settled.

Monitoring and Controlling
This phase consists when the manager supervises the plan of action sttled in the executive and planning phases, to assure that the tasks enacted are been completed and done in the timeframe that was proposed in the beginning.

Closing
It is the final phase of the integration management process, when all tasks have been completed a review is done to assure that the project has been developed correctly and obtain the results of the former.

Integration Management has specific processes that the manager in charge will use. In an integration management there are 6 processes: develop project charter, develop project management plan, direct and mange project work, perform integrated change control and close project or phrase, theses process are responsible for the overall outcome of the objective or goal targeted as well as its success.