2. What are product-oriented processes? Give one example. Product-oriented processes are those, which focus on the tangible results of the project. They require specific domain knowledge, tools, and techniques in order to complete the work. An example would be the creation of a software application package. 4. Describe the initiating processes. Give one example of an initiating process to support a particular phase of oil exploration project methodology. The initiating process signals the beginning of the project or phase. It requires an organization to make a commitment in terms of time and resources. Although all phases of the project should have some type of initiating process. The time and effort needed to develop …show more content…
Projects are managed within the existing functional hierarchy. 18. What are some opportunities for Oil and gas projects under the functional organizational structure? Increased flexibility – subject matter experts and other resources can be assigned to the project as needed. An individual can be part of the project team on a full-time or part-time basis and then return to their respective functional units once the project is completed. Breadth and depth of knowledge and experience – individuals from a particular subunit can bring a wealth of knowledge, expertise, and experience to the project. The project experience may lead to greater opportunities for career advancement within the subunit. If the project crosses functional areas, an opportunity exists for these individuals to learn from each so that a less parochial solution can be developed. Less duplication – coordination of resources and activities can lead to less duplication of resources across projects since specialization of skills and resources are housed within a functional area. The project also tends to be more focused because a primary functional area is responsible for and ultimately takes ownership of the project. 20. What are some challenges for IT projects under the project organizational structure? * Determining authority and responsibility * Determining who has authority and responsibility for a project must be resolved at the outset, especially when
Every project generates project knowledge that is new knowledge or existing knowledge. However, that project knowledge is not always fully captured, transferred, and disseminated during a project. Due to the nature of projects, this implies a short-term period, limited resources, and multiple procedures. It makes project participants adapt rapidly to new project contexts. There are two mainly obstacles for organizational learning. First, project members do not have enough time to participating in sharing and disseminating activities because the project team members are totally engaged with project tasks (Hanisch et al., 2009). Then, the replacement of key team
The first stage of the actual process is description, understanding the basic systems under consideration and getting points of view from participators. At the most basic level, this might involve drawing a spray diagram (see Fig. 1) to understand the
The main challenge facing Multi Project Inc. matrix structure is how the organisation communicates between the various departments. Understanding how various department heads and project managers share resources and what the shared resource roles are under the department head and within the project.
What is the current state of IT projects? What are key factors for successful IT projects? Hint: Refer to the summary of CHAO study
Phases of Innovative ProcessThe innovative process was very influential in product development. In the 1960s NASA developed the four basic phases which are the Preliminary analysis,
In the initial component, the Preutilization stage, the first question asked or problem identified would be, what could be done in a safer, more beneficial, more efficient, or simply a different way. This step consists of talking to colleagues and getting
First step is demanding a policy solution has been identified, process of policy development is surrounded by a method including various problems it will be understood (Issues framing).
In the first step, Establish Urgency, here the organization will develop a sense of urgency for the needed change. This stage will initially motivate and get things moving. A good example would be collecting
Phase 1 - Establish the foundation. These alignment and analysis steps are necessary to obtain executive sponsorship and the commitment of resources from all stakeholders. Without a basis of business impact analysis and risk assessment, the plan cannot succeed and may not even be developed.
Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the
Even though the price would be lowered because of the bad weather as per the tying in price and weather policy, not everyone would still want to go away. Either it needs to be explained clearly on the website that undesirable weather will not entitle any customer to a refund or to change or cancel their booking without penalty; or the policy must be clear in whatever the company decides is fair. For example, it may state that if the weather is unpleasant can change (but not cancel) the booking to another time.
1. Discuss the project management organization on the project. Strengths? Weaknessess? Recommendations. Parks Corporation used a matrix project management organization on the Blue Spider Project. It was a multi-disciplinary team where the members came from different functional units such as Research and Development, Engineering, Manufacturing, Quality Control, Purchasing, and Finance. Gary Anderson, the Project Manager, was responsible for the project but his responsibility for performance of the individual phases of the work to be accomplished on the project remained with the functional managers. Anderson assigned, monitored, and coordinated work among the project team. But, the functional managers had
The VP of marketing, Lori, selected Elliot Wood as the project manager for the Video Game Market Research Project. Elliot had previous project management and market research experience within the company, and he also was an avid video game enthusiast. He still had the Atari system he used to play in high school, and he enjoyed playing newer games with his two children. Elliot, however, was wary of doing business on the Internet and refused to make any of his own purchases online. He also did not let his grade school children use the Internet unless they were
“Project management is a series of activities embodied in a process of getting things done” (Cleland, 2007, p.51). What stages would be involved on defining the ‘series of activities’ and what needs to be ‘done’? Would a complete definition of the project and its boundaries be directly linked to the project success?
The proposal writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses key aspects necessary for the project to be implemented in line with best practices for project management.