...Project across most industries face huge uncertainty as regard to complex, ambiguous and dynamic environment (external environment) which can have impact on the project planning process. Similarly, projects are becoming larger and more ambiguous which make the execution and realisation of project complexity to be on the increase therefore increase our internal complexity. (Azim, 2010) established that project are increasingly being characterized as complex across most industries and sectors. (Vidal et al. 2011, p. 719) define project complexity as the property of a project which make it difficult to understand, foresee and keep under control, even when given reasonably complete information about the project system. Besner and Hobbs project (2012) established that size, complexity and together with risk (known unknown) and uncertainty (unknown unknown) are path of project characteristics to be considered in selection of project management toolsets to be adopted in their management approach. Each of the project classification approaches attempt to address interaction between complexity and uncertainty and the impact this interaction has on project planning process. The key principles for addressing complexity in the planning process. The complexity of project has always been there which make the need to execute and bring realisation of project complexity on the increase. Therefor the key principles of project complexity in the project planning process are to understand...
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...Managing Supplier Integration into Product Development: A Literature Review and Conceptual Model Finn Wynstra and Ferrie van Echtelt Eindhoven Centre for Innovation Studies/Institute for Purchasing & Supply Development, Eindhoven University of Technology, PO Box 513 - 5600 MB Eindhoven, Netherlands Tel. +31 40 2473841, Fax +31 40 2465949, j.y.f.wynstra@tm.tue.nl, f.e.a.v.echtelt@tm.tue.nl Abstract This paper presents a critical literature review concerning the effects of involving suppliers in product development, the critical processes underlying the management of this involvement and the potential driving and enabling factors for managing supplier involvement in product development. Together they constitute the building blocks for a ‘input-throughput-output’ model that helps in understanding the crucial elements of how to manage supplier involvement in product development. This model draws on our previous work in this area, but focuses more clearly on the ‘inputs’ and ‘outputs’ of managing supplier involvement. Introduction to managing supplier integration in product development Literature on product innovation has been pervasively trying to distil the key ingredients for company success. Many of the internal and external actors that are involved in product development - and the interfaces between them - have been subjects of research. Especially the interface between R&D on the one side and marketing and customers on the other side has been investigated (Souder and Chakrabarti...
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...Singapore. DBS Singapore claims to have in-depth knowledge of global market and financial expertise and offer products and services in corporate banking, Private banking, personal banking and enterprise banking. 1.2 Research title, questions and research objectives. The proposed research title chosen for this project is “Analysis and review of organizational environment at DBS”. This project would outline the following objectives: i) Outline the influence of organizational environment on the company. ii) The role of organizational environment on company’s growth process. iii) Review the impact of change in organizational environment. 1.3 Research Rationale. Firstly, cross cultural management and managing change is becoming increasingly important in today’s world where company’s trying to expand globally are associating people, organization and countries together and this is where management across culture comes into play. The main concern for an organization is its environment as it exerts variety of pressures on organization and managers. This pressure’s would influence the organizations global strategy, organizational design, control and decision making process and organizational culture. A change in organizations environment could jeopardize and increase concerns about the company’s future. DBS is a...
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...Management Control of Project Portfolio Uncertainty: A Managerial Role Perspective Tuomas Korhonen, Cost Management Center (CMC), Department of Industrial Management, Tampere University of Technology, Tampere, Finland Teemu Laine, Cost Management Center (CMC), Department of Industrial Management, Tampere University of Technology, Tampere, Finland Miia Martinsuo, Department of Industrial Management, Tampere University of Technology, Tampere, Finland PAPERS ABSTRACT ■ This article presents empirical results on different managers’ viewpoints regarding the sources and management of project portfolio uncertainty. As a key result, this study demonstrates the versatility of uncertainties experienced by managers, the limited degree of perceived control over them, the use of an almost complete management control package in managing uncertainties, and the necessity of managers’ cooperation in the skilled use of the management control package when managing uncertainties. In addition, a further research agenda is proposed. KEYWORDS: project portfolio management; uncertainty; managerial roles; management control systems; product development INTRODUCTION ■ n their product development, large companies have adopted project portfolio management (PPM) as a means for prioritizing and selecting product development projects among various options as well as allocating resources with the value maximization, balance, and strategic alignment of the portfolio in mind (Cooper, Edgett, & Kleinschmidt...
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...A PROCESS APPROACH TO PROJECT RISK MANAGEMENT Adam Greene; research student, Department of Civil and Building Engineering, Loughborough University ABSTRACT This paper is based on research into project managers’ influence upon the project and team structure, and their ability to manage risks. The individual risk philosophies of the team members are considered in light of the effect they may have upon risk management. This paper briefly reviews project management, risk and risk perception and their interrelated effects upon the construction process. It is suggested that just as risk philosophies of individuals affect the decisions made in their lives away form their professional careers, so their perceptions and experiences of risk can affect their professional decisions. The approaches utilised for the research to explore this theory are also discussed within this paper. Keywords: Process; Project Management; Risk Perception; Risk Philosophy INTRODUCTION This research is being undertaken as part of the Process Protocol II project (Cooper et al, 1998), for which the author is responsible for the mapping of the project and risk management activity zones. There are three related topics covered within this paper: risk propensity, defined as a person’s desire to either avoid or to take risks; risk preference, the perceived level of risk and uncertainty a person is willing to accept in a given situation; and risk perception, the subjective view of the perceived risk...
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...INTERNATIONAL AIRPORT AUTOMATED BAGGAGE HANDLING SYSTEM- PROJECT FAILURE ANALYSIS MSc Project Management Abstract The purpose of this study is to critically analyse the Denver International Airport Baggage Handling System project in order to detail the underlying reasons for the perceived failures in the project and to provide recommendations on how effective project management could have helped to avoid the problems the project encountered. A thorough analysis of the activities of the project from nature of project, contracting, design, construction, testing, stakeholder management, risk management, project controls, as well as the overall project leadership was carried out and failure causal factors were identified. A recommendation was also made on how the project should have been managed to ensure project success. The analysis viewed the project from both project management and project perspectives. Student: @00380661 25-Feb-14 Number of words: 2558 Table of Contents 1. 1.1 2. 2.1 Introduction ................................................................................................................. 2 Project Failure .......................................................................................................... 2 Discussion .................................................................................................................... 3 Failure Modes of the Project ........................................................
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...IT Projects AUGUST 2006 Case Study of Successful, Complex IT Projects Table of Contents Executive Summary .......................................................................................................3 Introduction....................................................................................................................5 Background to the study ............................................................................................5 The complexity of IT projects....................................................................................6 Part I: Research Methodology .....................................................................................11 Part II: Case Description..............................................................................................14 eCourier company background ................................................................................14 eCourier industry background..................................................................................16 eCourier technological issues ..................................................................................16 LogicaCMG company background..........................................................................17 LogicaCMG industry background ...........................................................................18 LogicaCMG technological issues ............................................................................19 Complexity of the...
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...Preparing Project Budgets for Business Cases Technical guide The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne Victoria 3002 Australia Telephone: +61 3 9651 5111 Facsimile: +61 3 9651 5298 www.dtf.vic.gov.au Authorised by the Victorian Government 1 Treasury Place, Melbourne, 3002 © Copyright State of Victoria 2012 This book is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968. ISBN 978-1-922045-92-8 Published August 2012. If you would like to receive this publication in an accessible format please telephone 9651 0909 or email mailto:information@dtf.vic.gov.au Contents 1. Background 1 1.1 Context 1 1.2 Purpose – developing and managing project budgets 2 1.3 Scope of application 2 1.4 Structure of this guide 3 1.5 Related guides and frameworks 3 1.6 The need for an accurate project budget 4 2. Elements of a project budget 5 2.1 The headline elements of a project budget 5 2.2 Successful financial planning 9 2.3 The need for a whole-of-life approach 10 2.4 ‘Poor project planning’ risks are not project risks! 10 2.5 Delivering to budget 11 3. Foundations for good project budgets 12 3.1 Better business cases and better project budgets 12 ...
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...LEAN PROJECT MANAGEMENT Assessment of project risk management processes NEUS ALCARAZ BOSCÀ Master of Science Thesis Stockholm, Sweden 2012LEAN PROJECT MANAGEMENT Assessment of project risk management processes by Neus Alcaraz Boscà Master of Science Thesis INDEK 2012:36 KTH Industrial Engineering and Management Industrial Management SE-100 44 STOCKHOLMi ACKNOWLEDGEMENTS Firstly, I would like to thank my supervisor, Johann Packendorff, from the School of Industrial Engineering and Management at the Royal Institute of Technology, for accepting me in his department and for giving me good and useful guide. Secondly, thanks to all my family for being during all this year at the other side of the screen making me much easier the way. Especially, thanks to my sister, Maria, for spending some of her spare time giving me very good advice in the writing of this thesis, and above all, for being such a good example of effort and overcoming during my entire life. Thanks to Marcos, for being always so kind with me, and forsupporting me not only this year but also all these years of study. Finally, I would like to thank all my friends for having always something fun to tell, cheering my day up despite being so far. Thanks especially to Pau and Lidia for coming to visit us and spend wonderful days together, and also to Marta, Patri and Ceci for being always there to me. I would like to dedicate this thesis project to my grandma, for having taken such good...
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...the industry and its specific characteristics rather than the country the firms belong to. Different industries have different operating characteristics and environments, and the factors related to ERP use may differ accordingly. Given the complexity of manufacturing firms, we then decide which aspects of a firm influence the use of technological innovations. Most of the manufacturing companies rely on ERP software to manage the entire range of business activities from CRM, manufacturing inventory and processes, accounting software, manufacturing planning, purchasing, quality, and more. For implementing ERP in any manufacturing industry the research objectives revolve around the following parameters(Mainly cost and quality measurement) * To identify whether there is significant difference in performance measures like cost and quality in industries with well defined IT system and industries with not such well defined IT systems with respect to the manufacturing sector. * To identify various constructs for measurement of performance and factors influencing the performance. * To find importance of project management to achieve cost and Quality Measures. CHALLENGES Since ERP implementation affects entire organizations such as process, people, and culture, there are a number of challenges...
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...Sprint Planning Optimization in Agile Data Warehouse Design Matteo Golfarelli, Stefano Rizzi, and Elisa Turricchia DEIS - Univ. of Bologna, V.le Risorgimento 2, 40136 Bologna, Italy {matteo.golfarelli,stefano.rizzi,elisa.turricchia2}@unibo.it Abstract. Agile methods have been increasingly adopted to make data warehouse design faster and nimbler. They divide a data warehouse project into sprints (iterations), and include a sprint planning phase that is critical to ensure the project success. Several factors impact on the optimality of a sprint plan, e.g., the estimated complexity, business value, and affinity of the elemental functionalities included in each sprint, which makes the planning problem difficult. In this paper we formalize the planning problem and propose an optimization model that, given the estimates made by the project team and a set of development constraints, produces an optimal sprint plan that maximizes the business value perceived by users. The planning problem is converted into a multi-knapsack problem with constraints, given a linear programming formulation, and solved using the IBM ILOG CPLEX Optimizer. Finally, the proposed approach is validated through effectiveness and efficiency tests. Keywords: Agile methods, Optimization, Data warehouse design. 1 Introduction As empirical studies suggest [9,2], agility is one of the most promising directions to overcome the problems of traditional software engineering approaches. The twelve principles stated in the Agile...
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...Service Process Design: The Emergency Telecommunications Cluster and Humanitarian Disaster Relief Operations Table of Contents 1. Introduction 3 2. Factors Influencing Service Process Design 5 2.1 Disaster Preparedness 5 2.2 Disaster Response 7 2.3 Collaboration during Disasters 10 3. Project Management and Humanitarian Logistics 10 4. Conclusion 12 Bibliography 13 Appendix 1 – List of figures 16 Service process design: Emergency Telecommunications Cluster during Humanitarian Disaster Relief Operations 1. Introduction On 8 November, 2013, Typhoon Haiyan struck the islands of the Philippines unleashing record sustained wind velocities of 315 km/h, (United Nations Office for the Coordination of Humanitarian Affairs , 2013). The storm which initially affected over 18 million people included the devastation of large urban population centres in Tacloban City and Roxas City. On November 9, the President of the Philippines appealed to the global community requesting international support. This request called for assistance in priority identified sectors including search and rescue, fuel, and telecommunications (Government of Philippines, 2013). Within 48 hours in response to the government request, the Emergency Telecommunications Cluster (ETC) activated, deploying staff and equipment to contribute to the Humanitarian Relief Operations (HRO) through provision of voice and data services as described in their ITIL based service...
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...OPRE 6379: Team Assignment CASES CASE 1: Hewlett-Packard: The Flight of the Kittyhawk, Clayton M. Christensen, 9-697060, March 2003 CASE 2: Creating Project Plans to Focus Product Development, Steven C. Wheelwright and Kim B. Clark, Reprint number 92210, HBR March-April 1992 CASE 3: Innovation Versus Complexity: What is Too Much of a Good Thing, Mark Gottfredson and Keith Aspinall, Reprint R0511C, HBR November 2005 CASE 4: Microsoft Office 2000, Alan MacCormack and Kerry Harman, 9-600-097, June 2000. CASE 5: Product Development at Dell CorporationCorporation, Stefan Thomke and Vish Krishnan, 9-699-010, January 1999 Case Presentations Nov 3 – Nov 10 – Nov 17 Nov 24 Dec 1 – Case 1 Case 2 Case 3, Case 4 Fall Break Case 5 Case Assignment Team 1-Case 4 Team 2-Case 3 Team 3-Case 4 Team 4-Case 1 Team 5-Case 2 Team 6-Case 5 Team 7-Case 5 Team 8-Case 3 Team 9-Case 1 Team 10-Case 2 Team 11-Case 5 Each team to read all case studies and prepare a 25-30 minute class presentation on power point on ONLY the case study assigned to the team - addressing the questions listed below. You may turn in the ppt presentation with the speaker notes or a word document answering the questions. The questions are guidelines for the team to address in the presentation. Each team should have a few overview slides on the case to introduce the case to the class. All the students are expected to have read all the cases. All the ppt from the teams will be available to all the teams...
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...Corporate planning Corporate planning had its genesis in India sometimes in the sixties when a number of subsidiaries of multinational companies introduced the process in compliance with their parent companies' directives. Since then quite a few companies have introduced formal planning for a variety of reasons. Some introduced it because their top managements felt that it would help them long term objectives; some introduced it because of a fad, not wanting to be behind by others, and some others because were directed to do so. Many public sector enterprises adopted corporate planning because they were to do so by the Bureau of public Enterprises, the governmental body that regulates all public enterprises. Despite the facts that are now quite a few firms which have introduced corporate planning, such firms still constitute a small minority. On the academic side, research in India on strategic planning has not taken off. There are very few studies on corporate planning practices in India firms. Of late some leading Indian management education institutions have begun to offer short duration executives development programmes on corporate planning. A quick examination of the teaching materials used in these programmes clearly shows a predominance of materials originally developed in the United States. This is not surprising because strategic planning at the enterprise level had its genesis there. Strategic planning or corporate planning is a management process which enable...
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...Evaluation…………………………………………………………… 6 References………………………………………………………………………………… 8 Appendix A.……………………………………………………………………………… 14 CASE REVIEW ANALYSIS OF THE DENVER INTERNATIONAL AIRPORT Summary of Findings 3 There has been considerable controversy documented through case study over the inadequacy of project and risk management structure associated with the Boeing Airport Equipment (BAE) automation design technology for a new baggage transport system at the Denver International Airport (DIA). Research background conducted by Kerzner (2011) under Case 23 revealed a documented tenyear history of this complex project with inherent risks. In another case study conducted by Montealegre, Keil, and Robinson (2000), a risk practice methodology was presented through “lessons learned” for improved implementation of the project’s risk management structure. Unfortunately, analogy comparisons for this type of project to incorporate past lessons learned did not exist prior to its inception since its technological innovation was breakthrough in design and concept. The city and DIA staff thought that they would be able to meet project budget and deadline, but in retrospect caused the project to be rushed beyond cost and schedule control due to inadequate risk processes. According to Kerzner (2011, p. 125), “better risk...
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