Project Selection
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Project Selection
The Project Management Office (PMO) task, per our company’s vice-president Wendell Deirelein, is to review Piper Industries Corporation’s upcoming project selection candidates to determine the best way forward for their production of the widget. In response to your request to evaluate the three projects, Juniper, Palomino, and Stargazer, we have developed the opinion that Juniper is the most beneficial project to undertake, in both monetary and reputational returns.
Recommendation Reasoning
We are performing the first “Initiate” step of the project process by identifying the stakeholders and naming and defining the projects at a broad
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Although the Stargazer project has not been clearly defined, and parts of the process have yet to be identified, our company does have a history of innovation and we have a template of the plan we need to follow to produce a new widget that everyone in the market needs, and no one has yet.
Monitoring & Control
Measuring the project performance and progression against the project management plan begins with this “Monitoring and Control” phase of the project. With the easier projects that have been well defined and previously implemented this is a fairly simple phase, but as the number of changes increases, so too does the probability of the instances of “scope creep” (Pathak, 2014). This become a primary concern and focal point when considering the Stargazer project because of customer or even employee request that add work or cost to the project, but adds no value to the final product. Often we think of the plan as merely a starting point for deviation, but that merely illuminates incompetency or gaps in the planning process. If the company started with the effective template of the plan that has allowed product superiority for so many years, integrating new ideas and processes into the plan involves less risk and should garner the new and
Our company Wireless Software Inc. is an innovative Internet-based company with gross revenues of more than $35 million dollars per year. Our company will be merging with a multinational company Skyguard Software Inc. of equal size, as a result of merging it produced Navitech Software Inc and we will be responsible for developing a project plan to strategically integrate all systems, including databases and infrastructure. Navitech Software Inc. global enterprise operations would provide best software products that will benefit to both companies. This report presents recommendations that allow Navitech Software Inc. to remain successful
CSU-Global (2013a) identifies that using a methodized and integrated approach in managing projects will help organizations to meet their strategic goals. With GIG’s use
Planning is probably the most complex and hardest part of project management, and its where Lockheed Martin has its biggest downfall. How does one establish correctly how long it will take to complete something that has never been done? When do you start working on part C of the project when you’re on part A. All of these issues are resolved with proper techniques in project management such as Work Breakdown Structure (WBS), Statement of Work (SOW), and proper preparation throughout numerous meetings. Every single player in the project has a major key in some form, may it be the sponsor with the funding or the line manager with resource allocation. Proper planning will account every single person, object, goal, and action to be performed. It
With the available information from the previous email regarding the projects of Juniper, Palomino and Stargazer, I feel it is in the company’s best interest to go with the Palomino project moving
The PDQ project will take a detail process that will help launch the appropriate software technology along with existing processes in order to implement new cutting edge innovations. Although technology is not the only leverage for improving project management, modern technology is an important element (Kendall & Austin, 2013). Today, businesses depend on technology to produce more in less time and with minimal resources making modern technology a critical component to a successful business. In today’s high tech world, it is important to develop and execute effective project management strategies that will place the company at a competitive level. Companies must continue to work on projects that will drive their business to innovate and change for the better (Shenhar & Dvir, 2997).
Example Internal Deliverables Name Project Charter Business Requirement Specification Weekly Reports Prototypes x 3 Etc. Description Document identifying how the project will be managed Document identifying the requirements for the project Status reports to be issued weekly Three prototypes will be allowed for in the development.
Project Scope Statement Version My signature indicates approval of this Project Scope Statement. Approved by: Agency CFO Approved by: Agency CIO Approved by: Project Sponsor Approved by: Project Manager Approved by: Executive Sponsor Table of Contents 1 Purpose/Justification 4 2 Objectives 4 3 Scope Description 4 4 Functional and Technical Requirements 5 4.1 Functional Requirements 5 4.2 Technical Requirements 5 5 Boundaries 5 6 Data Migration Strategy 6 7 Deliverables 6 8 Acceptance Criteria 6 9 Constraints 7 10 Assumptions 7 11 Alternatives analysis 7 11.1 Evaluation Criteria 7 11.2
T&T Co. is a Cochin-based private construction and Architecture Company, established in 1995 mainly undertaking projects concerning building and bridge constructions. The company is headed by a board of directors, led by Mr. Thahir C.A. The head office of the company is situated in Aluva, Cochin district of Kerala.
With strengths and weaknesses evaluating internal factors each category is listed a grid should be formed and criteria listed under each heading. Then careful evaluation and comparison by the director and associates will show the more attractive proposal.
A project begins at initiation with a specific goal or task to be accomplished. In the initiation phase, we begin with a broad definition of the project, and assess its feasibility.
Project initiation is the first stage of a project. The idea of the project is established and examined for effectiveness, feasibility, and value that it will bring to business, residents and the economy of Pinellas County. During this stage, decisions are made regarding who will be the project manager to carry out the project, how the project team will be formed, which departments or municipalities will facilitate the project, and whether the project has adequate support among officials and communities involved.
In Cerberus Corporation, a new project had been started in 2 years ago. Susan Steele was appointed to be the project manager for her first time in job and her project was to transit the old-modeled office furniture to the new corporate standard due to ergonomics issue. Susan was formed in a team with 4 other team members who are responsible for different aspects respectively. Recently, Susan had faced a disagreement with the Photographic Chemicals Division’s (PCD) manager, Jon Wood. She rejected Jon’s idea on the movement of the old cabinets as they are not complying with the new corporate standards. Both managers are being obstinate and against to change their view.
Often, so many opportunities avail themselves to firms, most of which if pursued would be of indispensable advantage. The pursuit of these new avenues would give comparative advantage over their competitors by improving efficiency, cost-reduction, or some other aspects that consumers might prefer. However, no single organization in the world can pursue all opportunities that it has. The incapability is chiefly a result of limited resources. The implication is that the firm will have to make a choice among all the available options on which fits the best within their environment, based on several considerations (Pinto 72).
During the project initiation phase, I can work collaboratively with the project sponsor in the development of project charter and lead up to the formal authorisation of the project/ new phase. From the sponsor’s project SOW (Business need, product scope), Business case etc., I can identify measurable project objectives, high level requirements, risks, summary milestones and budget and approval authorities. The key deliverables in this phase are project charter and stakeholder lists.
The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on