...Managing Strategic Business Projects Case Study: Oilwell Cable Company A. Review Questions A.1. College of Business If Norm chooses to go ahead with the microprocessor conversion on the machinery without passing it by the team, what are the potential conflicts that might arise? What are the advantages of such a move? If Norm decides to put the decision to the appropriate production team, what are the potential problems? What would be the advantages? If the production team chooses to approve and implement this microprocessor conversion project, what form of project organization will this represent? Given the size of this organization and the number of projects they deal with, would it make sense to institute a Project Management Office? Is there another arrangement that might be a good alternative? How much impact might microprocessors have on production costs? Assume that variable overhead represents the same percentage of costs fixed overhead. Find the net present value if the microprocessors cost $25,000 and their installation runs another $5,000. Assume a 10% margin. Compare Norm's recollection of the division's productivity gains between 1985 and 1989 to Exhibit 2. Explain the inconsistency. What would you recommend that Norm do? A.2. A.3. A.4. A.5. A.6. A.7. B. Exercise Deliverables: B.1. Read and understand the case. B.2. Prepare and submit a report to answer and discuss above review questions, using provided template. B.3. Prepare a presentation (use...
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...1) Draw the network diagram (use activity on the node). (8 marks) [pic] 2) Explain how you determined the timing of activities and the total float. (6 marks) Earliest start (ES) is defined as the earliest possible time that a task can begin. Predecessors are completed before an activity can begin. The latest start time (LS) is the latest time that a task can begin without delaying the entire project. For critical activities, the earliest start time and the latest finish time are equal; their total float is zero. On the other hand, Earliest finish (EF) is the earliest possible time that a task can be completed. It is computed as; earliest start time + activity duration. On the other hand, Latest finish (LF) is the latest time that a particular task can be completed without delaying the completion of the entire project. Latest finish time is computed as the latest start time + activity duration. With respect to start times, an activity is regarded to be critical if the earliest finish and latest finish times are equal. Total float (TF) is computed as the difference between the earliest start time (ES) and the latest start time (LS). This is equal to the difference between the latest start time (LS) and the latest finish time (LF). In summary, Total Float, TF = LS-ES = LF-EF Calculations are summarised in the table below. Note that; Total Float (TF) = Latest Finish Time (LF) – Duration – Earliest...
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...Project management techniques and tools are applied to manage Project Orion so as to make it a success. A project could be defined as a set of temporary activities and efforts that have a clear-cut duration and objectives. Project Management Institute (2013) has developed a complete set of processes and tools for managing projects, and A Guide to the Project management body of knowledge developed by Project Management Institute has been accepted by as US national standards for managing projects. This standard is widely adopted in other countries. The core objectives of project management is to achieve project success within give constraints in time, quality, cost and risk, and to attain the expectations and satisfaction of core stakeholders (Kerzner, 2009). This section specifies how Project Orion should management along with the rationale for launching it, on the basis of project management knowledge and theories. Special attention is given to project time management, project cost management, project quality management, project risk management, and stakeholder management. In detail, Project Orion is managed with four major phases, as shown in Appendix 1, namely Project Initiation, Project Planning, Project Execution and Project Closure. Each of these phases is addressed with details below. Usually a project involves various stakeholders, and they have different interests in the project. Support from stakeholders is usually important for achieving project success and stakeholder...
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...TITLE PAGE Company: “Malik Construction & Builders” Project: “Road Construction” TABLE OF CONTENTS Members and Contributions Asad Saleh Hayat: Project Manager Contribution: Planning, Managing and Controlling Project Fahad Mehmood: Project Administrator Contribution: Facilitator Usman Kaleem: Project Administrator Contribution: Executor and Coordinator Haasham Waqar: Project Administrator Contribution: Communicator Stake holder: CDA Stake holder: Community Stake holder: Industrialist Duration and Budget Duration: 6-8 months Budget: RS-/ 20, 00,000 SYNOPSIS This road begins from the right corner of Nescom Hospital on police line up till the Fazal industries located in I-9 Islamabad. This road is the main road which connects through all the steel industries, rice, flour mills, the automobiles show rooms and several Educational institutions. This road bares a heavy transportation on daily basis resulting over rush and fuss specially on peak hours of the day i.e. morning 8 or evening 5-7. There is a strong need to make this single road into a double one so that it makes it easy for every one...
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...Includes Over Two Hours of Bonus Audio on the CD Includes Real-World Scenarios and Leading-Edge Exam Prep Software Featuring: Updated for the Project Management Body of Knowledge (PMBOK® Guide), Fourth Edition • Custom Test Engine • Hundreds of Sample Questions • Chapter Review in Audio Format • Electronic Flashcards • Entire Book in PDF PMP Fifth Edition SERIOUS SKILLS. ® Project Management Professional Exam STUDY GUIDE Kim Heldman Project Management Professional Exam Study Guide Fifth Edition PMP ® Project Management Professional Exam Study Guide Fifth Edition PMP ® Kim Heldman Acquisitions Editor: Jeff Kellum Development Editor: Alexa Murphy Technical Editors: Terri Wagner and Brett Feddersen Production Editor: Christine O’Connor Copy Editor: Judy Flynn Production Manager: Tim Tate Vice President and Executive Group Publisher: Richard Swadley Vice President and Publisher: Neil Edde Project Manager 1: Laura Moss-Hollister Associate Producer: Angie Denny Quality Assurance: Josh Frank Book Designers: Judy Fung, Bill Gibson Compositor: Craig Woods, Happenstance Type-O-Rama Proofreader: Publication Services, Inc. Indexer: Nancy Guenther Project Coordinator, Cover: Lynsey Stanford Cover Designer: Ryan Sneed Copyright © 2009 by Wiley Publishing, Inc., Indianapolis, Indiana Published simultaneously in Canada ISBN: 978-0-470-45558-6 No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form...
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...3. Introduction: 3.1. Description of the Company: The Urban Development Corporation of Trinidad and Tobago (UDeCOTT) is a state owned company of Trinidad and Tobago. It was founded on December 28, 1994. It is carrying out construction projects that form Vision 2020, which is a plan created by the Trinidad and Tobago government, to achieve first world status, by the year 2020. UDeCOTT is a limited liability company registered under the Companies Ordinance (Ch. 13 No. 1) and specializes in project management. The Corporation’s line Ministry is the Ministry of Planning, Housing and the Environment. 3.2. Mission of the Company: UDeCOTT mission is to fulfill its role as the Government's primary developer of choice through the physical development and rehabilitation of urban and other designated areas. This will be achieved in accordance with aesthetically pleasing, environmentally sound and commercially viable principles. UDeCOTT is guided by the following Corporate Values: • Value for Money • Involvement • Confidence • Accountability • Performance • Professionalism 3.3. Description of the Project: The MOE Towers, which was designed specifically with the varied needs of the public at its core, will provide the public with a central location to access the wide-ranging services of one of our nation's most frequently accessed Government Ministries - the Ministry of Education. Both the Ministry's staff and the public that it serves will be able to take advantage of...
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...Colorado Technical University MPM357: Project Performance and Quality Assurance Quality Management Integration Plan Table of Contents Week 1: Project Outline 4 Project Outline 4 Organizational Readiness for Quality Management 4 Quality Systems Analysis 5 ISO 9000 5 Six Sigma 5 Malcolm Baldridge 6 Method Selection 6 Week 2: Quality Dimensions 7 Week 3: Quality Process Improvement Tools and Techniques 10 Improvement Tool: The Five Ss 10 Seiri: Separate 10 Seiton: Straighten/orderliness 10 Seiso: Scrub 11 Seiketsu: Standardize and repeat 11 Shitsuke: discipline 11 Week 4: Quality Performance Monitoring and Control 12 Monitoring and Control of Quality 12 Primary and Contingency Budget for Monitoring and Control of Quality 12 Cost of Quality 13 Tools and Techniques to perform Monitoring and Control of Quality 13 Quality and Performance Tools and Techniques Discussion 13 Quality and Performance Tools and Techniques Samples 14 Week 5: Three levels of Quality Management 16 Organization level 16 16 16 Process level 16 Performer level 17 Week 5: Quality Performance Communication Plan 17 Quality Performance Communication Plan 17 Identify final closure process on resolved quality assurance issues 19 References 20 Week 1: Project Outline Project Outline The proposed project is concerning the ‘Jonestown 4x4’ off-road parts company and their fabrication of custom automotive parts. The main objective(s) for the company...
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...principles can be applied by the project managers to eliminate risks to a larger extent. Strategic objectives and goals Strategic goals are the blueprint of the task undertaken by a company. For instance, a software company aims to prepare software and related programing codes, whereas an infrastructure company has a target of constructing dams, bridges and other construction works. A project management team helps the company in achieving the strategic goals, as it streamlines the task of a company in taking many important decisions. Strategic planning and strategic thinking are vital management tools for a project management team. Once the task is allotted, the project team is responsible for the goal to be finished in the dedicated time. Innovation is an area in which the project team can invest more and come out with new ideas that can increase the profit margin and also reputation of the firm. Human resource, financial planning, corporate social responsibility and physical resources are other facets of strategic goals. Crisis Management Crisis in a project can occur because of several reasons like recession, labor strikes, paucity of funds and natural calamities, to just name a few. In such a situation, it is essential for project managers to display maturity and profound administrative and managerial skills to handle the situation. Sometimes, abandoned project and tasks are completed successfully, under the able guidance of project managers. The power inherent in...
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...and Culture To Accompany PROJECT MANAGEMENT: Achieving Competitive Advantage By Jeffrey K. Pinto CHAPTER TWO PROJECT PROFILE: Project Management Improves Lenovo’s Bottom Line INTRODUCTION 2.1 PROJECTS AND ORGANIZATIONAL STRATEGY 2.2 STAKEHOLDER MANAGEMENT Identifying Project Stakeholders Managing Stakeholders 2.3 ORGANIZATIONAL STRUCTURE 2.4 FORMS OF ORGANIZATION STRUCTURE Functional Organizations Project Organizations Matrix Organizations Moving to Heavyweight Project Organizations PROJECT MANAGEMENT RESEARCH IN BRIEF: The Impact of Organization Structure on Project Performance 2.5 PROJECT MANAGEMENT OFFICES 2.6 ORGANIZATIONAL CULTURE How Do Cultures Form? Organizational Culture and Project Management PROJECT PROFILE: Creating a Culture for Project Management: The Renault Racing Team Summary Key Terms Discussion Questions Case Study 2.1 – Rolls-Royce Corporation Case Study 2.2 – Paradise Lost: The Xerox Alto Case Study 2.3 – Project Task Estimation and the Culture of “Gotcha” Case Study 2.4 – Widgets ‘R Us Internet Exercises PMP Certification Sample Questions Integrated Project – Building Your Project Plan Bibliography TRANSPARENCIES 2.1 PROJECTS AND CORPORATE STRATEGY [pic] 2.2 PROJECT STAKEHOLDER RELATIONSHIPS [pic] 2.3 PROJECT STAKEHOLDER MANAGEMENT CYCLE [pic] ...
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...Project Name | Huntsville Plant Project | Project Number | | Project Manager | Nathan Cox | Prioritization | 1 | Owner(s) | Walter Seitz | Start Date: | 4/18/2011 | Scheduled Completion Date: | 6/30/2012 | Mission | Construct a new plant in Huntsville Alabama that would best achieve the strategic goals in the next fiscal year. The #1 priority is to double total sales within the next decade. | | Scope | | * Select resources such as: Architect, Real Estate Consultant, and General Contractor * Recruit and Train Managers for Huntsville Plant * Create a Pre-Production and Production Plan * Create a Building Concept and Design * Procure Building Site, Permits, and Appropriate Approvals * Construct the Huntsville Plant Building * Landscaping on Site * Personnel Recruiting for Plant Operations * Procure Equipment, Raw Material and Truck Fleet * Install Equipment * Create Product Distribution Plan and Pre-Production Plan * Start Up Production and Distribution Out of Scope * Geothermal Heating * Solar Powered Electric Feed * Multi-Level Parking Garage * In-House Food Court * Construction of Separate Distribution Facility | Objectives | | The objective is to construct a new plant in Huntsville Alabama between April 18, 2011 through June 30, 2012. This project is one of several initiatives that align with achieving the SEITZ Corporation’s strategic goal of doubling total sales within...
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...How does multitasking confuse the resource availability of project team personnel? Multitasking confuses resource availability for project team personnel because the resource availability must be divvied up over many different tasks involving functional duties, as well as project duties. It is usually not possible to say that Team Member A is allotted for x amount of time on this project from Point A to Point B. The x amount of time may go from Point A on a specific project over to Point D on a functional task and then back over to Point A on the specific project. The Team Member may be able to complete the tasks up to Point B, but then is pulled away to work on a task on another project at the beginning of that one. In this way, multitasking does not allow for a continuous and unbroken specified time period to work exclusively on one project or its attendant tasks and this needs to be taken into consideration when scheduling a project’s baseline calendar. “In modern organizations, it is impossible to eliminate multitasking for the average employee.” Do you agree or disagree with this statement? Why? As of the date that I write this, I agree with the above-statement mainly because businesses have found that it is profitable to have employees multitask (Isidore, 2010, para. 13). Employees are afraid of losing their jobs so they tolerate being overworked, which is another term for multitasking. Additionally, as an Executive Administrative Assistant, one of my...
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... Q 1- describe the background and principles of project management: 1-Project Management : It is a unit that constitutes one of the important things in order to know the requirements of the project and what is needed for one to start the project. It is also plays a major role in any project because it helps in finding out what are the processes and steps that must be carried out to achieve the project’s objectives. Projects consist of five phases; start, planning and execution, control and completion. 2-Project Initiation: It is the first stage of any project; the purpose of this project is to develop a tablet for elementary school students; whereby the price of the machine will be 100 pounds in order for it to be suitable for the students. The general budget of the project will be 300,000 pounds. 3-Project Planning Phase: The planning stage is a very important stage in projects; the latter is due to the fact that this stage contains organizing the priorities of the work and also developing the plan for the project. The plan helps to determine the length of time for each task in the project status, the schedules and the resources needed for the project. The planning stage gives focus in understanding the way of the project’s execution. 4- Project Execution Phase: The project execution phase includes the start of the job and giving the orders to begin the process of working on the project, which is the development of a tablet device for school...
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...HISTORY OF PROJECT MANAGMENT 01-Jun-13 UMMARA MUSHTAQ 2123224 HISTORY OF PROJECT MANAGEMENT PROJECT MANAGEMENT: Project management is the discipline of planning, organizing, motivating, and controlling resources to achieve specific goals. Starting in the early 1960s, businesses and other organizations began to see the benefit of organizing work around projects. This project-centric view of the organization evolved further as organizations began to understand the critical need for their employees to communicate and collaborate while integrating their work across multiple departments and professions and, in some cases, whole industries. LATE NINETEENTH CENTURY: We can travel back even further, to the latter half of the nineteenth century, when the business world was becoming increasingly complex, to see how project management evolved from basic management principles. Large-scale government projects were the impetus for making important decisions that became the basis for project management methodology. In the United States, for example, the first truly large government project was the transcontinental railroad, which began construction in the 1860s. Suddenly, business leaders found themselves faced with the daunting task of organizing the manual labor of thousands of workers and the processing and assembly of unprecedented quantities of raw material. EARLY TWENTIETH CENTURY: Taylor introduced the concept of working more efficiently, rather than...
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...Project Management Plan CPMGT301 Strategic Portfolio and Project Management Project Management Plan The project management plan is “the process of defining, preparing, and coordinating all subsidiary plans and integrating them into a comprehensive project management plan” (Project Management Institute, 2013). The purpose of this plan is to consolidate all the processes of the project management plan into one document that will define all the work within the project. Using the project management plan makes it is easy to monitor the plan as well as see how the plan is executed and controlled all the way to the completion of the project. Some of the components of the project management plan include: project charter, outputs from other processes, enterprise environmental factors and organizational process assets. All of these components are considered the inputs to the plan. Five Steps to Organizing and Managing any Project Smead, (2014) has determined five steps to help successfully organize and manage any project. The first step is to determine what the goals are and what is to be accomplished. Other information would be, who will be working on the project and what resources will be needed. Another important piece of information would be the completion date required. They call this MAP which is the first step to starting the project plan. The second step is to organize. Organization is key to gathering all the information that is needed. Putting all of this...
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