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Team Insight Paper

In: Business and Management

Submitted By not83real
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Team Insight Paper

Our group for the Term Project consisted of Derek Montemayor, Michael Smith, and Lena Ramos. The team was tasked with designing a Portfolio Management process by which our Strategic Business Unit (SBU) would make decisions on what projects would fit into its current portfolio, as well as adopt processes to track and adjust the portfolio based on the overall strategy of the company. The decision that was made during the first meeting was to develop a portfolio plan for Sony Computer Entertainment of America. Having the project split into separate sections for submission helped to prioritize our work, especially in early phases of the project. On the other hand, this project schedule also caused some problems in the end since the team mainly focused on the next section due rather than subsequent parts of the project, which often came back to give us problems later. This could have been prevented by reallocating the load on resources more evenly throughout the duration of the project instead of adjusting the amount and style of work from week to week.

From the very beginning of the project, the group jumped right into the discussion of the project, rather than determine team mechanics or organizational structure. For instance, we opted not to assign a team leader to the group because: 1) we felt that there was not really a need for one, and 2) we felt comfortable playing off each other teammate's strengths in order to divide and complete the project tasks. Communication, as in any project, was a very important aspect that was addressed early on during the forming stage. By explaining our availability for the remainder of the class session, we were able to plan and setup modes for communication, many of which would help provide a productive work setting without having to only work in person. The use on an online communication tool, such as a...

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