Prior to beginning work on this assignment, all students are required to read Chapter 9 in the book, The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success. In addition to Chapter 9, review your assigned chapter according to the first letter of your last name provided in the list below: If your last name begins with A, B, C, read Chapter 1 If your last name begins with D, E, F, read Chapter 2 If your last name begins with G, H, I, read Chapter 3 If your last name begins with J, K, L, read Chapter 4 If your last name begins with M, N, O, read Chapter 5 If your last name begins with P, Q, R, read Chapter 6 If your last name begins with S, T, U, V, read Chapter 7     ** Last name start with S** If your last name begins with W, X, Y, Z, read Chapter 8 After reading your assigned chapter, create a slide presentation linking what you have read in The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success to the theories of capital allocation in the textbook, Foundations of Financial Management. In your presentation, Describe the CEO and the example of the company (one to two slides). Examine the theoretical application of capital allocation (one to two slides). Explain how the CEO highlighted in your required chapter used the theories of capital allocation and applied them to his or her situation (two to three slides). You may also want to use Chapter 9 from The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success. Summarize three key takeaways you learned from linking the textbook theory to the real-world scenario highlighted in your required chapter (one to two slides). Note: You are not required to record your presentation and will be graded on the submitted slides only. The Outsiders presentation Must be five to nine slides in length (not including title and references slides) and formatted according to APA Style (Links to an external site.), as outlined in the Writing Center’s How to Make a PowerPoint Presentation (Links to an external site.) resource. You need to include speaker notes for each slide. Review the Add Speaker Notes to Your Slides (Links to an external site.) resource for support.

PJM460 MOD6 Student Responses to discussion forumPlease respond to the below POST1: and POST2: in at least 200 wordsOriginal Post for your reference: Project Managers (PMs) are often not selected and assigned until after a project has already been selected. Why must a PM take the initiative to understand why a project that he or she has been assigned to manage was selected by an organization? What are the potential problems a PM may encounter if he or she does not understand how a project he or she is managing fits into the overall strategy of the organization? Use examples to support your assertions.My response to the discussion forum:Understanding What A Project Entails It is crucial for a project manager to understand how the project he or she assigned to was selected by an organization because the processes involved in project management are pioneering, planning, accomplishing, taking control and finishing up, that are required to accomplish project’s requirements, which are reiterative in nature. They are reiterative because there is the necessity for elaboration in terms of the progress of a project across its lifecycle, which in turn means that if one knows more about a project, he or she is at a better position of managing it (Project Management Institute, 2017). Furthermore, it is crucial for a project manager to understand the project they were assigned to was selected by the organization because they need to assess and measure the project’s value and executability. This is achieved by the use of evaluation tools to assess whether to pursue the project or not, for instance, the document where the need for the project is justified and estimates of possible benefits financially assessed, the practicability study where timeframe, goals, and costs are evaluated.According to Lussier and Achua (2016), authentic and strong leadership equates to a successful, engaged, and high-performing workforce that results in a successful strategy implementation. Competent project managers should possess proficient skills to guide the team such that the best is achieved from the project team. Nonetheless, project managers encounter predicaments more so if they fail to understand how the project fits the organization’s strategy. Some of the most critical problems they face include: the organization having poorly defined goals that render the project manager and his team to confusion if the objectives are not clearly defined, inadequate communication more so when the project manager fails to provide direction in every step of the project as is required of him or her, impossible to meet deadlines, inadequate project resources, equivocal contingency strategies, and poor team skills where a project manager who is considered excellent at his or her work leads a team that lacks skills resulting to failure (Heston, 2019) ReferencesHeston, E. (2019, January 17). Biggest challenges faced as a project manager [Blog post]. Retrieved from https://www.projectinsight.net/blogs/project-manag...Lussier, R. N., & Achua, C. F. (2016). Leadership: Theory, Application & Skill Development. Australia: Cengage LearningProject Management Institute [PMI]. (2017). A guide to the project management body of knowledge (PMBOK ® Guide) (6th ed.). Newton Square, PA: PMI Publications.POST1: (Question From The Professor Concerning My Post..Please reply)Hello Darby,Thank you for sharing your thoughts! What type of options does a PM have once they find out that their project is low on the priority list and they will be competing for resources to complete the project on time and within budget?Dr. Harrison.POST2:Project Managers are often not selected and assigned until after a project has already been selected for multiple reasons, but all focusing around the dynamic of the specific project, as well as, the organization’s overall business and operational strategy. Project managers can be selected based on their specific core competencies, and how their strengths can help ensure the schedule completion and deliverables of the project, within schedule, cost, and scope requirements. Other reasons could be that the organization selected a project manager for a project as a developmental reason, helping the PM grow and further help the organization reach their organizational vision. In my workplace, individuals are often selected for stretch assignments as opportunities to not only help individuals develop, but also the organization by having a dedicated pipeline of leaders.A Project Manager must take the initiative to understand why a project that he or she has been assigned to manage was selected by the organization because in order for the Project Manager to add value to the organization and its customers, as well as, help the organization achieve its strategic goals and vision, they must not only be able to manage the project to successful completion, but also understand how it is contributing to the overall success of the organization. In my organization, we strive a lot for cultural development. Part of doing so is to always explain the why behind things, as well as, how it contributes to overall mission success.Potential problems a Project Manager may encounter if he or she does not understand how a project he or she is managing fits into the overall strategy of the organization include micro level problems (scope creep, failure meeting schedule requirements, cost overruns, variances in quality), as well as, macro level problems (tasks being performed in ways which do not meet organizational goals and vision, failure to acquire LTAs and multi-year contracts, appropriate customer and public interfacing, etc). It is important that not only a project manager, but every employee, knows and understand how their daily performance contributes to an organization meeting their overall strategy.ReferencesLussier, R. N., & Achua, C. F. (2016). Leadership: Theory, Application & Skill Development. Australia: Cengage Learning.Project Management Institute [PMI]. (2017). A Guide to the Project Management Body of Knowledge (Links to an external site.) (PMBOK ® Guide -- 6th ed.). Newton Square, PA: PMI Publications