Project Failure Paper

The way that Burger King and other fast food restaurant chains do business and markets their products to consumers is due to the change in our society to where the consumer wants the biggest, fastest, and best product they can get for their money. This change in society can be attributed to a process known as McDonaldization. Although McDonaldization can be applied to many other parts of our society, this paper will focus on its impact on Burger King and Taco Bell restaurants. My belief is that the process of McDonaldization has lead our generations toward a more a much more efficient lifestyle, with much less quality. From my observations and studies of these fast food resturants, several themes have become

It is known that most products go through a ‘product life cycle’, which sees all kinds of product will eventually go to the ‘decline’ stage. The marketing research discussed in the pervious part is vitally important to understand the changing wants and needs of customers. McDonald's constantly works to satisfy customers by developing new products to appeal them. For example, McDonald's introduced a variety of salads to appeal to the healthier conscious customers (Yahoo! Contributor Network, 2005), and recently, McDonald’s added a new product line named ‘great taste of America’ so as to attract young customers. (UK McDonald’s, 2012)

My manager had assigned me a challenging individual task to come up with an innovative project idea that can solve current business problem. At first, I was blank on how to go for it, since not having any project requirement details and user experience background. But, with the growth mindset and never to give up attitude, I accepted the challenge

There are many risks that can occur during any project, this is why it is important for the project manager to be on top of the tasks at hand. In the Wilmont’s and Dronetech project combining two companies to make a brand new product can already be complicated enough. When the company sets more guidelines in the project like the budget, timeframe, and customer expectations can make it even more difficult to get the job down. This is why having a project manager and a worthy team behind them to get the job done within all the requirements.

"Failure happens all the time. It happens every day in practice. What makes you better is how you react to it." - Mia Hamm

The human race cannot be successful in everything it pursues; meaning that failing is inevitable. Personally, I believe how successful one becomes is dependent on the method they use to overcome adversity and failure. If Thomas Edison had given up on the light bulb, we could be still living in darkness today. However, I now look towards something much less significant-- my own experience of failure. This one has stood out among every other failure that I have experienced. Junior year, I failed English. I want to make it clear that this failure was, without a doubt, the most significant in my life. It completely changed the way I approached not only my academics, but how I approach life in general. Failing this course had more of a consequence than than just having to take it again. It showed me that I wasn't applying all of my efforts all into a plan that was so necessary and crucial to my future. After I failed, the situation was out of my control, but it made me realize I had not picked my priorities well. I knew I had to move past it and figure out how to rise from my mistake. I knew the first step was to complete summer school. I attended, and ended up passing the class. Then came the new school year

Following all of the reason I introduce above, I startup with this project to supply one of demands for customers in life. It lasts 4 months from the date start. This project will cover briefly the important details such as Scope Statement, Deliverable, Milestone and basic Budgeting.

I can still picture it, as I walked into a gym full of roaring people, the bedlam so intense that it left my ears ringing. There were nearly a hundred people in this gymnasium, some were there expecting us to perform and pull of this aggrandized win, the others were the antithesis waiting upon our failure. This was the Arizona 3A volleyball state championship match. I pulled up my knee pads and I still remember the feeling of exhaustion in my legs from the previous matches my team had gloriously won that day. Unfortunately, this match did not end like the latter. That day my team had seemed invincible, nobody would expect the cataclysm that was soon to follow. As I made my way on to the court to begin the match with the other five starters

Failure plays a huge role in shaping who we become, it may hurt when it happens, but in the long run it can help us by teaching us helpful lessons. Everyone experiences failure, but the people who overcome it are the ones who use it as motivation to do better. Personally, off the top of my head I can easily think of a handful of times where I have failed at doing something, but instead of letting the failure destroy me, I used it to motivate me. The first example that I thought of was how I tried for the World Affairs Scholarship through the Experiment in International Living. This scholarship would have allowed me to travel abroad last summer and immerse myself completely into a new culture. My three top choices that I wanted to travel to were Tanzania, South Africa, and Thailand. Most people kept calling me crazy, they did not understand why I wanted to travel to those places

The overall objective of the project is to make sure that the client gets quality products.

Before launching a new product one should thoroughly understand the market demand, competition, existence of similar products, manufacturing & distribution costs and market dynamics. Failure to analyze the above will result in total failure of the product and the company that manufacture the product. According to the text book following are the main reasons of product failure :No competitive point of difference, unexpected reactions from competitors, poor positioning, poor quality of product, non-delivery of promised benefits of product, too little marketing support, poor perceived price/quality (value) relationship, faulty estimates of market potential and other marketing research mistakes, faulty estimates of production or marketing

Is a failure still a failure if you learn from it? The answer is yes, but it is a successful failure because you learned from it. Failure is possibly the best way to learn, such as the time I got thrown out of basketball practice freshman year. I got in a futile argument(i just made a comment) with my coach over what position he wanted me to play versus what position I thought I should play. I ended up getting thrown out of practice and had to call my mom to come pick me up while I started walking down the road. I was devastated because I couldn’t understand what I had done wrong because it seemed so minor.

Their are many reasons why a project can fail such as poor cost management. This can cause a project to fail because it can cause the project to go either over-budget or under-budget. Going over-budget will cause the most problems for the project as it could leave the without any money for important resources which will stop the progress of the project. It could also cause the company to go bankrupt of they where relying on the project to stay in business and its not ready in time because of the lack of money. While not as likely going under-budget can cause the project problems for the project because it could cause the project to not be as at the quality it needed to be. If people know the product is a lower quality than a competitors they will more likely to go buy their product. To avoid this you should make sure keep track of the money you’re spending you can do this by keeping a log in programs such as Microsoft Excel or Microsoft Word. A log should allow you to monitor how much money you are spending so that you can make sure you always have enough money.

Project Management is the essential part of an organization to take necessary efforts to create a product or a result. As the organization grows large the complexity and the risk factors goes high. Each project has a project manager. Managers have to monitor and coordinate different projects at the same time and it is an art or skill to getting things done by others. Every project has its life cycle that means a start and end point. Some may be successful and some may not. There are some critical factors which restrict from success and eventually lead to project failure. Apart from the critical factors, all organisations should have clear understanding of why particular project is important. Is this project is prioritized? .WHAT to achieve, WHEN and HOW to complete the project (Sara, Amaya ,Angel,Pedro,2013). Primary analysis of these questions are necessary for the success.For a project “requirement and specification” plays a vital role. Design, planning, use of resources and cost estimation of a project are done based on the requirement and specification. A project with well defined objectives with efficient definitions shows the way to success.Functions of Project Management includes activities such as planning, cost control, quality control, risk management and safety management in order to achieve project goals (Sara, Amaya ,Angel,Pedro,2013) .

gained in projects is a critical topic for many companies of today in order to gain