Premium Essay

Project Risk Leadership

In:

Submitted By Tbrown1203
Words 1234
Pages 5
Environmental Quality International in SIWA

BUS 519 – Project Risk Leadership

Analyze and describe the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit.
The following leaders , Larry Page, Sergey Brin (Google), Thomas Edison (Light Bub), Vicor Kiam (Remington Electric Shavers), Peter Drucker (Management Thinking), Blake Mycoskie (TOMS) and Anita Roddick (The Body Shop). The leaders all had a similar leadership style; they looked for innovative ideas and customer needs and invested their own money along with securing funds from investors. They had a vision, to be the best, make an impact and use constructive feedback to learn from it and improve on the bottom-line. They did not use the media to promote their product rather used their product to be innovative and allowed it to promote itself to get market share. Successful Entrepreneurs study and learn from how to make a profit by aligning their business strategy from entrepreneurs that have gone through and documented their lessons learned. The primary goal of the leadership style was to provide a niche and service to consumers and make a profit.

Analyze and describe the founding leader(s), leadership style, and major business principles of a social-responsibility oriented entrepreneurial approach in which the primary is goal to make a positive impact on society (people, families, ecology, or similar) while providing a product or service to consumers and to make a profit.

Google’s major business principle of social-responsibility is to give back to the community of young and energetic thinkers by focusing on the future innovators; The Company’s goal of focusing and connecting with students, its future staff and

Similar Documents

Premium Essay

Project Motorcycles

...Project Motorcycles West End Manufacturer is a medium-sized manufacturer of motorcycle cruisers. We specialize in fuel-efficient cruisers with engine sizes ranging from 500 cc to 1000 cc. We have successfully manufactured and marketed the best- selling cruisers for the middleweight class. Our success has been greatly attributed to having an effective and efficient Project Management Office. However, the executives at West End Manufacturer are now interested in producing larger motorcycles in the touring class for income ranges from $55,000 to $100,000. In this paper, I will present which project organization best suits the development of the larger touring class motorcycles, outline the process steps the company will take in order to develop the motorcycle and provide a reason for the response. In this paper, I will recommend one strategy to the senior executives that the organization might use to balance short- and long-term needs; specify crucial resources needed during the production of the touring class motorcycles; suggest a project management leadership style that will be best for overseeing the operation of the business growth plan; and I will recommend at least three risk mitigation strategies to address project plan details that may be overlooked. Project Organization The Project Organization I selected that would best suit the development of the large touring class motorcycles is the Matrix Organizational Form. The reason I selected the matrix organizational form...

Words: 1066 - Pages: 5

Premium Essay

Managing Project

...contents Executive summary Task 1 Introduction 5 Using of Activity on node to draw the network diagram 6 Determine the timing of activities and the total float 7 Determine the project duration and the critical path 9 Determine the earliest finish date for the project 9 Analyzing the changing activities 10 Limitations of Network Diagram 11 Conclusion 12 Reference 28 Appendix 29 Appendix 1 30 Appendix 2 31 Table of contents Task 2 Introduction 12 Project objective 14 Key milestone for the expanding project 14 Assumption 14 Resources 15 Cost 15 Time 15 Project planning and using techniques 16 Project team 17 Project manager’s leadership styles 18 Project manager’s skills 19 Project control 20 Time management 20 Cost management 20 Quality management 20 Managing Risk 24 Close sure 26 Conclusion 27 Reference 28 Appendix 33 Executive summary: In this report, it has two parts. The first part, will addressed the design a new product for Cassop Ltd and it is also explain about the limitation of network diagrams. The next part give general about how company success in the project of opening new base and ensuring that this project open on time and within budget. Task 1 Introduction As a produces organization which main produces products...

Words: 5485 - Pages: 22

Premium Essay

Project Management

...Managing Project Table of Contents Introduction 3 Task 1: Different aspect of a Project 4 1.1 Core characteristics of a project: 4 1.2 Scope of the Project: 4 1.3 Critical Path Method and Gantt chart: 5 1.4 Cost appraisal method and its benefits: 6 1.5 Assessment and management risk: 6 1.6 Quality method used for successful completion of the project: 6 Task 2: Formal report on the project of ABEK Ltd: 7 2.1 Description of the project of ABEK Ltd: 7 2.2 Project lifecycle: 7 2.3 Breakdown of Project work: 9 2.4 Gantt chart: 9 2.5 Cost breakdown structure: 10 2.6 Network diagram: 10 2.6 Project management skills 11 2.8 Project manager leadership style: 11 2.9 Project Control Techniques: 12 Risk management: 12 Conclusion 13 References 14 Introduction Project is the combination of a series of sequential activities for attaining a specific goal within a specified time period utilizing a definite amount of resources. Project management is the process of attaining the desired goal by applying different techniques and strategies using the financial and human resource of the company. This assignment deals with the management of different types of project. In the first task, different aspects of a project is described along with characteristics, limitations, and scope and risk control. A PERT diagram is drawn for calculating the CPM and Gantt chart. In the second task, a formal report is prepared for ABEK limited. Task 1: Different aspect...

Words: 3170 - Pages: 13

Premium Essay

Project Motorcycles

...University 08 Fall 08 Fall Project Motorcycles Kassandra Setman Professor Mitchell Project Motorcycles Kassandra Setman Professor Mitchell Project Management – BUS375 February 1st, 2015 Project Management – BUS375 February 1st, 2015 Select one of the types of project organization that would suit the development of the larger touring class motorcycles. Outline the process steps that your company would take in order to develop the motorcycle. Provide a rationale for the response. The best type of project organization that would suit the development of the larger touring class motorcycles would be the matrix organization. There are many different concepts to consider when selecting a project organization. Some of these aspects include, the projects size, length, where it is located, resources available, and experience. This is why I chose the matrix organization; employees are assigned to organizational groups, which split into two different types of groups. First the functional group, which is based on skills and they have a functional manager. Then there is another group that works on specific projects and report to a product manager. This means that the matrix organization is two-dimensional. Mentioned before there are different parts in a matrix organization; first one is the project team, this brings individuals together that are skilled from around the organization. The employees have two bosses, the division manager and the project manager. In the organizational...

Words: 1869 - Pages: 8

Premium Essay

Itm 423 - Module 4 Case Assignment

...UNIVERSITY INTERNATIONAL ITM 423: System Acquisition, System Development and Project Management Module 4: Project Planning, Scheduling, Budgeting & Risk Management Case Assignment May 2014 Term July 06, 2014 Assignment: Prepare a 4-6 page paper addressing the topic: “Issues and conclusions regarding project planning, scheduling and risk management from the construction case that also apply to information technology projects” Issues and conclusions regarding project planning, scheduling and risk management from the construction case that also apply to information technology projects The end result of any project are a direct reflection upon the efforts made throughout the planning and implementation phases. While by the definition we have seen so far in this course of a project being successful by being completed within the original timeframe and on budget, there are many outcomes that can also be considered a success even if the project busts the initial timeline and has had extra accumulated costs. Cost estimates and project timelines are not an exact science and the Project Manager goes into the project using the best available estimates and must build in flexibility throughout the schedule to ensure if things do go off path that they can steer things back in the right direction. This is true in the high-rise construction case at the center of discussion as well as IT projects that you and I may see take place within our organization. For this assignment...

Words: 1736 - Pages: 7

Premium Essay

Project Success

...1. Project success is determined by a set of various conditions including proper planning, and execution of the project. Usually project’s success is determined by the SMART criteria which stand for Specific, Measurable, Achievable, Relevant and Timely. In other words for the project to become a success, it has to be well defined, with set deadlines, and done by people who can actually get the job done (achievable). Whenever the project does not meet the SMART criteria, there is a great chance that the project will be of no use to the company that initiates it. The reason why a large number of projects fail to meet their stated objectives, i.e. schedule, cost, scope and performance objectives is because it is rather hard for the project managers to precisely predict the future to which a given project relates. Although, everyone understands that project should meet the SMART criteria, in practice it is rather hard to achieve especially when the corporate resources are scarce (Martin, 232). 2. Effective project manager possesses the attributes applicable to a regular manager (ability to plan, organize, direct and control) as well as specific knowledge/skills related to the projects of a certain industry. The project manager must be able to define the project well and have enough skills to motivate the employees to commit to the project and get it done. 3. There exist a difference between management and leadership. Leadership is the ability to organize and lead people,...

Words: 1090 - Pages: 5

Premium Essay

Project Motorcycles

...Project Motorcycles This paper discusses the type of project organization that would suit the development of the larger touring class motorcycles along with the steps my company would take in order to develop the motorcycle. Next, I will recommend one strategy to the senior executives that the organization might use to balance a short- and long term eeds. Then, I will suggest the project management leadership style that is most conducive to overseeing the operation of the business growth plan. Finally, recommend three risk mitigation strategies to address project plan details that might be forgotten or overlooked. The project organization that would suit the development of the larger touring class motorcycles is the matrix organizational form. This is a “project-driven” form and the project managers reports directly to the vice president and general manager- which the power and authority comes from the general manager, however the project manager is responsible and accountable for the projects success (Kerzner, 2011, p. 125). The technical responsibility is maintained by the functional department, as well as the available information that can be exchanged for each project (p. 125). The process steps my company would take in order to develop the motorcycle are (Unknown, n.d.) : • Weigh risks of product failure against benefits of product success • Obtain short-term facilities for production of test products • Allocate temporary workers • Obtain small amounts of inventory...

Words: 900 - Pages: 4

Premium Essay

Hris Project Plan

...Project Roles & Communication Plans HRIS with ESS Project GenRays April Drake, Project Manager Contents Contents .......................................................................................................................................................................... 2 Part A: Organization Chart ............................................................................................................................................... 3 Part A1: Role Descriptions ........................................................................................................................................... 4 Project Manager ....................................................................................................................................................... 4 Advisory Board ........................................................................................................................................................ 4 Procurement & Vendor Manager .............................................................................................................................. 5 User Assistance Manager ......................................................................................................................................... 5 Business Analyst ...................................................................................................................................................... 6 Platform Technology Team – System Architect...

Words: 8968 - Pages: 36

Premium Essay

Project Motorcycles

...Project Motorcycles Alberto Oliveras Strayer University BUS375 Professor George Dollar July 27, 2015 Introduction Harley Davidson (HD). They have become the trail blazers, pioneers of world class touring bikes. Harley has seen a profitable 2014 year in which their net revenue in motorcycle sales of $4.39.0 billion (Bornhop, 2015 ). Touring America on a motorcycle can be refreshing to the mind, body and soul. There’s no better feeling like hitting the open road; just you, your bike and the road. Harley Davidson has been successful at bringing all 3 experiences into their line of touring bikes. I believe we too can become trail blazers and pioneers of the motorcycle industry, with a new line of touring motorcycles. This is an opportunity for the company to propel forward into a different market and see a boost in yearly sales revenue. The target audience will be males between the ages of 35-65, and females between the ages of 30-50. This will be a worldwide market. This will put this company on the same playing field as HD. The projected income ranges targeted for our new product will be $55,000 to $100,000. We will offer exclusive serialized limited edition bikes, with certificates of authenticity to the first 1000 buyers. We will offer engines ranging from 1100cc to 1300cc, they will be classified into two distinct groups, Touring and Touring limited. The aesthetics will be superior in craftsmanship and appealing to the eye. In order to see this product come to fruition...

Words: 1360 - Pages: 6

Premium Essay

Project Motorcycles

...Running Heads: Project Motorcycles ASSIGNMENT 2 - WEEK 4 PRODUCTION OF TOURING MOTORCYCLES Christopher Akinremi Strayer University Professor Pamela Payne-Powell, PMP Instructor On BUS 375 01/28/2015 PRODUCTION OF TOURING MOTORCYCLES ABSTRACT This paper is focused on the manufacturing of touring motorcycles for a particular demographic group by my XYZ Company. As a project manager in the company, I am required to initiate a project plan for the transitioning from medium-sized motorcycle cruisers to a larger motors with a capacity of 1100cc. and over. In this regard, I am required to consider the types of project organization that would suit the development of the larger touring class motorcycles. I also have to outline the process steps the company must adopt to accomplish this goal with appropriate reasons. It is important to indicate the strategy to use to balance the short and long medium term needed and make the appropriate recommendation to the senior executives. To indicate the crucial resources needed to run the existing business interests and also to accommodate the business changes for the production of touring class motorcycles. To examine the project management leadership style required to oversee the...

Words: 2718 - Pages: 11

Premium Essay

Pmp Library

...Table of Contents Project Management................................................................3 Project Management Professional (PMP)®............................3 Diversity and Employment Compliance..............................13 ADA Compliance in Business...............................................13 Project Management Overview............................................3 Managing Projects within Organizations.............................3 Project Management .............................................................. Process Groups.....................................................................3 Execution, Monitoring and Controlling...............................3 Project Change Control and Closure...................................4 Initiation Basics, Developing a Project Charter and Project Management Plan...................4 Collecting Requirements and Defining Scope......................4 Monitor and Control Project Scope......................................4 Defining and Sequencing Project Activities..........................5 Developing and Controlling the Project Schedule...............5 Estimating Activity Resources and Durations......................5 Controlling Costs..................................................................5 Estimating & Budgeting Project Costs.................................6 Project Quality Planning......................................................6 Quality Assurance and Cost Control........

Words: 10262 - Pages: 42

Premium Essay

Census Bureau Field Data Collection Project: Don't Count on It

...The U.S. Census Bureau Field Data Collection Project: Don't Count On It Lisa Sims IT/205 Management of Information December 12,2013 Dr. John Pitron The U.S. Census Bureau Field Data Collection Project: Don't Count On It In an effort to reduce the rising cost of the ten-year census, the U.S. Census Bureau attempted to implement an automated data collection system. As a result from lack of leadership and management skills, the program ran over budget and part of the project had to be scrapped with significant monetary loss. In this exercise, the challenges the Census Bureau had to face, reasons for failure and key players responsible for the debacle will be identified. I will also describe the steps I would have taken to control the risk in this project. The census is mandated by the US constitution and requires a census of all people living in the United States. The information that is gathered from the census is used for government planning and determines how many seats each state gets in the US House of Representatives. The government is also dependent on the census numbers to indicate how much federal funding each state should receive (Calleam Consulting Ltd., 2012). The first problem the Census Bureau faced was the rising cost of conducting the census. Because of the drastic cost increase, Congress asked the Bureau to look for ways to reduce cost and improve efficiency on the ten-year census. The second problem the Bureau faced had to do with the process of...

Words: 694 - Pages: 3

Premium Essay

One on One

...|Top of Form | |[pic][pic][pic] | | | |[pic] | | | | | |[pic]   | | | |[pic] ...

Words: 2441 - Pages: 10

Premium Essay

Project Leadership

...Nearly Free.com HR Orientation Project Leadership Assessment U10a1 Project Assignment TS5335 – Project Leadership and Management March 16, 2012 Submitted By Richard Lesh Table of Contents Abstract 3 NearlyFree.com EOLMS Project Summary 4 Project Description 4 Project Scope 4 Team Members 5 Budget 6 Schedule 7 Risks 7 Organizational Assessment 9 Leadership Aspects 9 Project Effectiveness 9 Leadership vs. Management 11 Organizational Leadership Assessment (OLA) and Team Effectiveness Questionnaire (TEQ) 13 Assessing NearlyFree.com using the OLA and TEQ method 14 Leadership Assessment Metrics 15 Traditional Leadership Assessment 15 Using Myers-Briggs for Leadership Assessment 15 360° Feedback Assessment 16 NearlyFree.com Approach 17 Best Practices and Measuring Success 18 Learning Development Best Practices 18 Instructional Design Best Practices 18 Measuring the Project’s Success 20 Effective Project Teams 20 Team Diagnostic Survey (TDS) 20 Conclusion 22 References 24 Appendix A 26 Abstract Successful project outcomes are in large part dependent upon the leadership skills of the project manager. As project management students, we have been taught the management facets of our profession. We have learned how to produce a project’s scope, schedule, and budget. We have learned how to recognize and mitigate potential risks factors. However, leadership skills are often overshadowed...

Words: 5486 - Pages: 22

Premium Essay

Week 2 Chapter 3 & 4 Review Questions

...of a project manager. Which skill do you think is most important? Why? Common skills of a project manager include: interpersonal skills, leadership skills and technical skills. Interpersonal skills include the skills needed to effectively communicate with others what needs to be done and the process that should be taken to get it done. Leadership skills are important because as the project manager is in charge of the project, they must be able to successfully lead their team from initiation to completion of the project as efficiently as possible. Technical skills are the skills needed to understand all aspects of the system that is to be created or modified and what it takes to make that happen. Common activities of a project manager include: leadership, management, customer relations, technical problem solving, conflict management, team management and risk and change management. I believe that the most important skill that a project manager must possess is leadership. I think that with the right team, the PM can get assistance on the interpersonal and technical aspects of the project. However without the proper leadership, even the best team will ultimately fail, or at least have many difficulties. Also, many of the activities that a project manager must do are leader/management based. 4. Describe the activities performed by the project manager during project planning. The activities performed by a project manager during project planning are: describing the project scope...

Words: 766 - Pages: 4