Case Overview
Acme Corporation is working on a technical breakthrough for a new high tech product in the marketplace. The project appears to be in the development stage. If the product can be launched within the next four months, Acme expects to dominate the market for at least a year.

Acme Corporation uses a project management methodology for all multifunctional projects that includes six life cycle phases. Each life cycle ends with a phase exit review meeting with the appropriate stakeholders and project sponsor.

The project manager and project sponsor held a meeting at the end of the second life cycle phase to review the detailed plan and identify any future problems. Their discussion circled around a ‘Risk Management Plan’ presented by the project manager to the project sponsor.

The project sponsor expressed concerns about the large quantity of risk events that were uncategorized, lack of probabilities and expected outcomes, the time and money spent thus far in generating the risk events, and future budgetary issues to support the ongoing effort. In addition, the project sponsor inquired as to what type of guidance was provided, if any, by a project management methodology. The project manager responded to the project sponsor’s inquires and as such the core issue became apparent from their short exchange.

Analysis Process
Analyze Acme’s history.
Identify Acme’s strengths and weaknesses.
Evaluate the meeting between the sponsor and project manager.
Determine what, if any, external environmental stimuli took place.
Analyze the findings and identify core issues.
Provide responses to case study questions.
Make a recommendation with corrective action.
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