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Peckinpaw Davis

In: Business and Management

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Running head: PROBLEM SOLUTION: Remington Peckinpaw Davis Inc.

Problem Solution: Remington Peckinpaw Davis Inc.
University of Phoenix

Remington Peckinpaw Davis is an asset management firm that is experiencing technical issues with their online trading services. The company, a trading enterprise was created by Sam Remington, a well-known Wall Street pacesetter. The firm does not have a streamlined information technology (IT) department that has the capability to fix the numerous issues that they are having. The company must determine how to fix the problem before they lose customers or get into very serious trouble with the Securities Exchange Commission (SEC). “Successful implementation requires both technical and social skills. Project managers have to plan and budget projects as well as orchestrate the contributions of other” (Gray & Larson, 2006. p. 15).
Issues with the innovative online trading site soon began to surface. The project manager, Harlan Davis is a novice with little management skills. The project cost deemed to be expensive and useless. “Project managers are expected to marshal resources to complete a fixed-life project on time, on budget and within specifications” (Gray & Larson, 2006, p. 7).

References

Gray, C. & Larson, E. (2006). Project Management: The managerial process. McGraw-Hill, NY
University of Phoenix (2011) Remington Peckinpaw Davis Scenario. Apollo Publishing Group.
Table 1
Issues and Opportunities Identification Issues | Opportunities | Reference to Specific * Course Concept | Loss of revenue, fine payouts | Fixing the software or obtaining new software to make sure online trading is done securely | By identifying a “methodology used by some for strategic planning and by others for implementing a strategic plan. It provides the framework for measuring the success of a strategy or a...

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