Premium Essay

Advanced Project Management

In: Business and Management

Submitted By maha88
Words 348
Pages 2
Telestar International (Chapter 7 – Page 312)
1. Who do you believe is at fault in this situation?
I believe that the Project Manager is at fault in this situation. The structures manager strongly advised the project manager not to stop the activities in this department before testing the plant’s high-pressure pneumatic and electrical systems. The structures manager warned the project manager and even mentioned that the test was scheduled for the next month. I think it would have been more important to consider this risk and prevent this from happening, alone from a safety perspective. The project manager also mentioned that his boss expects him to finish this project without a cost overrun. However, maybe it would have been of importance to run this particular issue by his boss in order to either increase the budget or adjust the scope in order to successfully and safely finish the project.
2. Should the structures manager have been dedicated enough to continue to work on his own? Why or Why not?
This was running through my head for a little while after I read the text. It’s difficult to say. However, the structures manager did try to convince the project manager that it was a big risk to take and the project manager went ahead and took the risk. Even though the structures manager knew that this could potentially happen, the project manager did not listen to his advice. If he would have continued to work on his own, he would have disobeyed, he could have prevented the plant from exploding, however, he is kind of bound and can’t do much more than informing the project manager. He could have possibly tried to inform upper management of what is going on, but then again, it should be a conflict that is resolved between him and the PM. Also, I think that the PM should have tried to plan for conflicts better, since schedule constraints are…...

Similar Documents

Premium Essay

Project Management

...91: Management realizes organizations must be dynamic in nature. Capable of rapid restructuring should environmental conditions dictate so. 92 Environmental Factors evolved from: • Increasing competitiveness of the market • Changes in technology • Requirement for better control of resources for multiproduct firms Wallace identified four major factors that cause the onset of organizational revolution: • Technology revolution (complexity and variety of products, new materials and processes and the effects of massive research) • Competition and profit squeeze (saturated markets, inflation of wage and material costs and production efficiency) • The high cost of marketing • Unpredictability of consumer demands (due to high income, wide range of choices available, and shifting taste) Grinnel & Apple five general indications that a new organizational form is necessary, not adequate for managing projects • Management is satisfied with technical skills, but projects are not meeting time, cost and other project requirements • High commitment to getting project work done, but great fluctuations in how well performance specifications are met • Highly talented specialists involved in the project feel exploited and misused • Particular technical groups or individuals constantly blame each other for failure to meet specifications or delivery dates • Projects are on time and to specifications, but groups and individuals aren’t satisfied with the achievement Management......

Words: 1522 - Pages: 7

Premium Essay

Advanced Financial Management

...Reading Material - AFM Project A Project is a set of inter related activities leading to a complete tangible or intangible product or service. e.g construction of a building / dam / ship, launching of a new product, conducting national elections, state level professional admission process, setting up a new plant A project in business refers to an organized program of activity carried out to meet a definite goal. In business it may be to launch a new product, set up a new plant, increase existing capacities etc. Projects may be ; New projects, Modernisation projects, Expansion projects, Diversification projects, Other miscellaneous projects. Project Appraisal: Project Appraisal is the process by which a financial institution makes an independent and objective assessment of the various aspects of the investment proposition for arriving at a financing decision. There are four broad aspects of appraisal: 1. Technical feasibility – Analysing the technical aspects of the projects like technical process. Design, size, technology used, availability of resources like labour, raw materials, packing materials etc.,availability of utilities like electricity, water, fuel etc, installed fixed assets and their capacities etc. 2. Financial feasibility – Analysing the financial aspects of the projects w.r.t cost of project, sources of finance, evaluation of revenues and returns on investments and their adequacy. 3. Economic feasibility – Analysing whether the resources......

Words: 7835 - Pages: 32

Premium Essay

Advanced Project Management Week 1 Checkpoint

...people, and was supporting multiple internal projects and also some external projects based on its capabilities and extra capacity. However there are multiple problems in the way the ISD was organized and operated that was leading to ineffectiveness, inefficiency, organizational conflicts and leading to not attainment of business goals and strategy. Some of the issues included not having a proper project management structure and dedicated personnel, personal power conflicts and non cooperation from operations managers, lack of clarity and direction for employees. The current ISD director is planned to be replaced by a new director who is expected to change the structure, processes and culture of the organization, while managing expectations and relationships to help ISD and the company achieve goals and strategic objectives. 2. Highlight three enterprise management causes/considerations and three project management causes/considerations for the situation. Include what seemed to be missing. Answer – Enterprise management causes and considerations include having an alignment between organizational and IT strategy, existing organizational structure that is not well defined and lack of skills and knowledge on how to effectively manage and run IT projects. Project management causes and considerations in this case include not having defined roles and responsibilities for people in projects, ad hoc manner of selecting and implementing projects, there not being systems and......

Words: 1309 - Pages: 6

Premium Essay

Project Management

...Project Management Assignment 1 Describe the role of the project manager and identify the project management key elements of an effective project manager. Project management briefly refers to a process of managing a project successfully. Then, in order to achieve an outstanding project outcome; resources, costs, time and even the quality of projects should be optimally managed in this process (Meredith and Mantel, 2010). The project manager, therefore, performs a core role in a project. As Wallace (2002) demonstrated, the project manager should reasonably coordinate and manage everything directly or indirectly involved in the project as the centre of it. For example, the project manager might continue to communicate with some relevant departments until the project’s accomplished. Or perhaps, the project manager is required to provide staff with a comfortable external environment. Hence, the project manager has a full responsibility for each phase of the project. Hartley (2009) described a project life cycle is generally classified as four phases that are definition, planning, execution and completion respectively. At the initiation of the project, or the first phase, the project scope should be aware correctly based on the project’s feasibility and assessment (Thomsett, 2002). This is; series of issues such as specific goals, working criteria, and tasks should be clearly determined. Due to the purpose of protecting project stakeholders’ interest, this phase performs a...

Words: 1090 - Pages: 5

Premium Essay

Project Management

...customised web and server-based projects. I have extensive experience in planning, executing, monitoring and closing projects, and have yet to encounter a deadline I couldn’t meet. I am highly organised, have good knowledge of project portfolio management software, enjoying interfacing with clients, and can effectively implement procedures following PMI methodologies. I am valued for the passion I put into my work. More than anything, I look forward to a stimulating position in a supportive team where I can continue to exercise and develop my skills. Education SEEK Learning Online PMI Project Management Professional Graduated: 2008   University of New England Armidale, NSW Bachelor of Information Technology Graduated: 2007   Work Experience April 2008 – Present: Junior Project Manager Diverge Data Sydney, NSW Diverge Data is a specialist IT services provider that helps clients build and manage their IT infrastructures. Responsibilities: * Manage and deliver low risk projects with medium-sized development teams * Assist the project manager in project delivery * Prepare and assist with project documentation, scheduling, issue tracking, resource management and QA * Present project reports * Liaise with project stakeholders directly to define and deliver their needs * Track, schedule and manage projects using Endeavour project management software Achievements: * Consulted on a 10-month project to develop a system that......

Words: 504 - Pages: 3

Premium Essay

Project Management

...the company strategy is sound, the process of migrating from a project to a matrix structure has not been successful and has increased the organisation complexity resulting in chaos with respect to role clarity, authorisation and decision-making levels, coordination of resources and projects. From the quote by Vice Admiral Conrad Lautenbacher (USN –ret) “Matrix Management simply means that in addition to the ‘islands’ there will now be a clear bridge linking team talent, funding and management issues”. From the above one can clearly see that the “clear bridge” has not been successfully implemented. Enterprise Architecture is required to ensure that the company’s Business processes, data and information processes, systems and resultant behavioural culture supports the business operational requirements to achieve the company’s strategies. It is clearly evident that Multi Projects has advanced in growth by being externally focussed but has not looked internally to ensure sustainability through the business capacity to deliver. The company has focused on the lagging balance score card indicator of financial performance and has ignored the two leading critical indicators of internal business processes performance and learning and growth performance. This has also resulted in a move away from a holistic customer focus approach. Further the growth had increased the complexity in managing a basket of projects which has been exacerbated by the number of new staff who......

Words: 552 - Pages: 3

Premium Essay

Advanced Management Accounting

...SCHOOL OF ACCOUNTANCY COLLEGE OF BUSINESS BKAM3033 ADVANCED MANAGEMENT ACCOUNTING SECOND SEMESTER 2014/2015 (A142) GROUP E GROUP PROJECT TITLE: HUMAN RESOURCE ACTIVITIES IN UNIUTAMA PROPERTY SDN BHD (UPSB) PREPARED FOR: DR HASNAN AHMED PREPARED BY: NAME | MATRIC NO. | MOHAMAD AMIRUL BIN AHMAD ROSLAN | 222191 | SUBITHA VELAYUTHAM | 225322 | LEONG CHAI HUA | 226152 | YEOH CHOOI CHYI | 226156 | POOGANESWARY KESAVAN | 226298 | SUBMISSION DATE: 5TH MAY 2015 Table of Contents 1.0 Introduction 1 2.0 Literature Review 2 2.1 Gaining Competitive Advantage Through Human Resources Management Practice 2 2.2 Human Resources Development: Performance Is The Key 4 2.3 An Intellectual Capital Perspective of Human Resource Strategies and Practices 5 2.4 Influence of Supervisory Feedback on Goal Orientation of Employees 8 2.5 Human Resources Now More Than Personnel 10 2.6 New Developments in Employee Training 12 2.7 Managing Human Capital in a Privately Owned Public Hotel Chain 14 2.8 Strategic Human Resources Management: Where Do We Go From Here? 16 2.9 Motivation of the Human Resources for a Sustainable Organizational Development 18 2.10 The Effect of Human Resource Management Practice on Corporate Perfomance: A study of Graphic Communications Group Limited 19 3.0 Objective of the Study 20 4.0 Methodology 21 5.0 Findings 22 5.1 Recruitment 22 5.2 Job Training 24 5.3 Privileges and Rewards 26 5.4......

Words: 9295 - Pages: 38

Premium Essay

Advanced Project Management

...has to undertake certain projects which will meet the need to achieve the objective of increasing the number of students in the next 3 years. The strategies should be aligned with the project objectives before making a decision on which projects should be selected The selection process will begin with understanding the cost, strategies, objective, value & risks. In order to prioritize the project, we have to follow a structured process and consolidate a plan. We need to look into the following before we start, • Alignment with the strategic & practical plan of the educational Institute • Balance between maintenance projects & Investment projects • Allocation of R&D and right number of resources to complete the projects • Allocation of marketing expenditure & resources • Effective use of the resources in the best interest of the organizational goal • Non-Financial benefits One of the primary factors to consider on selecting the projects is the expected ROI on these projects. But the above needs to be considered too for prioritization. PRIORITIZATION & SELECTION OF CANDIDATE PROJECTS The Objective of the Educational Institution is to increase the number of students in the next three years using marketing & promotional strategies. The Projects are for the Business Development SBU which is focused on achieving the organization objectives by using appropriate strategies. To evaluate candidate projects for the 3 year plan,......

Words: 491 - Pages: 2

Premium Essay

Project Management

...Case Study: New Business Venture This case was borrowed from Kathy Schwalbe, Project Management 4th edition Part 1: Initiating Background Scenario: You and several of your friends have been working for corporations for over five years, but several of you have a desire to start your own business. You have decided that you are ready to pursue your idea of starting a music academy for children ages 3-16. You all enjoy creating music, and you saw the advantages that some children had from participating in special music programs beyond those available in schools. In particular, you see the need for music training in your area for children interested in voice, guitar, keyboard, and percussion so they can perform in their own bands. This New Business Venture Project would primarily involve you and three of your friends, who were all part of your high school band: 1. You are an excellent bass player, and you were the one who organized your band in high school and got the few paid gigs that you had. You can also play keyboard. You continue to play both instruments occasionally, but your full-time job and new spouse take up a lot of your time. Your current full-time job is working as a business analyst for a large retail store. Although your job is going well, you realize that you would be happier working in your own business and with something involving music. Your strengths are your creativity, organization, and analytical skills. Your spouse is employed full-time and......

Words: 3591 - Pages: 15

Premium Essay

C156 Advanced Information Management

...C156 Advanced Information Management– Task 1 A2. Analysis of Technology Two organizations migrating to a common health information system would need a system that meets current regulatory requirements, meets the needs of the combined organization and their practice environment. The implementation of a common health information system would require an interdisciplinary group of forward thinking innovators, and an interoperable electronic medical record system that includes standard nursing terminology. The technology needed in this scenario that would make this combination successful consist of network security measures to ensure security of protected health information under the federal requirements of HIPPA and HITECH. The use of emerging technology such as cellphones, tablets and remote technology should also be included in the discussions of creating a telehealth system that would accommodate both of the combining organizations. Telehealth not only includes communication between patients and healthcare providers, but also communication between healthcare providers in both of the combining organizations. Video conferencing can save healthcare providers time and money by allowing them to collaborate with one another without being physically near one another. A3. Identification of Team The interdisciplinary team on the project committee will consist of four team members. Team member A would be the project team lead in which I would nominate......

Words: 3168 - Pages: 13

Premium Essay

Advanced Financial Management

...  Xiamen University Advanced Financial Management Syllabus Instructor:  Professor Yunlue Fu Semester:  autumn 2010 -2011(September 12,2010 – January 30,2011) Instructor Information Office:  Jiageng2-512 Phone: 2186201 E-mail: ylfu@xmu.edu.cn   Course Description This is an advanced course in the financial management of the firm. Since the participants are assumed to be knowledgeable about the topics found in the first financial management course, the emphasis is placed on fully understanding the principles underlying a sound financial decision in the modern corporation. The course goal is to apply relevant knowledge, skills and exercise professional judgment as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organization. The approach will be a combination of lecture and discussion, always with a focus on good managerial financial decision-making.  Prerequisites: Financial management or equivalent.   Topics Covered: 1. The role and responsibility of the senior financial executive 2. Evaluate potential investment decisions and strategic consequences 3. Acquisitions and mergers 4.Corporate re-organization strategies. 5.Advanced treasury and risk management techniques. 6.Financial management of multinationals. 7. Emerging issues in finance and financial management   Lecture Format: Lecture/Discussion.   Technical...

Words: 670 - Pages: 3

Premium Essay

Advanced Information Management

...Advanced Information Management Western Governors University February 21, 2016 Regulation placed upon the healthcare system only seek to improve safety and security of the patients we care for. The enactment of the Health Insurance Portability and Accountability Act (HIPPA) and the enactment of Meaningful Use Act the United States government has set strict regulations on the security of health information and has allotted for stricter penalties for non-compliance. The advancement of electronic health record (EHR) systems has brought greater fluidity and compliance with healthcare but has also brought greater security risk of protected information. In order to ensure compliance with government standards organizations must adapt technologies such as CPOE and EHR. The use of such technologies also require organizations to develop policies and safeguards to protect both themselves but the community they serve. Team Members and Responsibilities To ensure success in the merger of the health care system, a team of highly trained and competent members will be needed. An implementation manager would be the leader of the team, responsible for keeping the project on schedule, keeping a list of practice issues that need to be resolved, scheduling go live dates, and also be responsible to delegate task to other members of the implementation team. A physician lead is another valuable member of the implementation team. Acting as a liaison between physicians and the......

Words: 1929 - Pages: 8

Premium Essay

Advanced Information Management

...life as well. Biological/Spiritual body goals I have always believed that the act of kindness can go a long way. There is always someone near you, whether you know them or not, that is at a point in their life where they are struggling or less fortunate than you are. Acts of kindness can be as simple as introducing yourself to a stranger and building a relationship with them, donating toys on Christmas for the parents who are not able to afford any for their kids, or raising awareness for a certain illness that someone you know has overcome. Healing Environments Best Practices An optimal healing environment is one that goes beyond providing the maximum level of healing. This type of curative environment not only focuses on the management of illness and disease in patients, but also targets a healthy work environment for its employees. In order for a health care facility to be recognized as an optimal health environment it must focus on providing care on four elements of services. These elements include, internal environment, interpersonal environment, behavioral environment, and external environment. An optimal internal environment consists of developing intentional healing and experiencing personal wholeness. When healthcare providers implement immediate confidence of being well again in a holistic manner, they become more optimistic about what goals need to be set and achieved for the healing process to occur. A healthy interpersonal environment can be maintained by...

Words: 3916 - Pages: 16

Free Essay

Advanced Project Management

...that the Project Manager is at fault in this situation. The structures manager strongly advised the project manager not to stop the activities in this department before testing the plant’s high-pressure pneumatic and electrical systems. The structures manager warned the project manager and even mentioned that the test was scheduled for the next month. I think it would have been more important to consider this risk and prevent this from happening, alone from a safety perspective. The project manager also mentioned that his boss expects him to finish this project without a cost overrun. However, maybe it would have been of importance to run this particular issue by his boss in order to either increase the budget or adjust the scope in order to successfully and safely finish the project. 2. Should the structures manager have been dedicated enough to continue to work on his own? Why or Why not? This was running through my head for a little while after I read the text. It’s difficult to say. However, the structures manager did try to convince the project manager that it was a big risk to take and the project manager went ahead and took the risk. Even though the structures manager knew that this could potentially happen, the project manager did not listen to his advice. If he would have continued to work on his own, he would have disobeyed, he could have prevented the plant from exploding, however, he is kind of bound and can’t do much more than informing the project......

Words: 1169 - Pages: 5

Free Essay

Defense Advanced Research Projects Agency

...Defense Advanced Research Projects Agency (DARPA), U.S. government agency administered by the Department of Defense. It was established in 1958, in reaction to the successful launch of Sputnik by the USSR, as the Advanced Research Projects Agency. Although DARPA is only one of many military agencies administering research and development funds, it has been crucial to the development of several important technologies, especially military computers and the Internet. It funds a high percentage of all artificial intelligence research in the United States, as well as significant projects in microelectronics, materials, and behavioral science.[1] DARPA's mission is to maintain the technological superiority of the U.S. military and prevent technological surprise from threatening our national security. DARPA programs focus on high-risk research with that will have payoffs that could provide dramatic advances in military capabilities. Each DARPA office manages a large portfolio of programs.[3] DARPA’s original mission, inspired by the Soviet Union beating the United States into space with Sputnik,[2] was to prevent technological surprise. This mission has evolved over time. Today, DARPA’s mission is to prevent technological surprise for us and to create technological surprise for our adversaries. [2] By focusing on high-risk research that could provide dramatic advances in military capabilities, DARPA maintain its mission which is to prevent any new technological attack from......

Words: 1534 - Pages: 7