Business Finance
BADM 636 Cumberlands Moneyball and Project Management Questions

Badm 636

University of the Cumberlands

BADM

Question Description

I’m studying and need help with a Management question to help me learn.

Hello,

There are two assignments and class is project management and subject is monitoring and closing the project.

assignment should be in APA format and 3-4 pages of assignments

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Identifying Monitoring & Controlling PM Processes The movie “Moneyball” can be viewed through the framework of project management. Billy Beane, played by actor Brad Pitt, is the General Manager of the Oakland A’s baseball team. He has lost all his best players and he sets out on a mission to change the way his baseball team is organized. While the management of a baseball team would normally be viewed as operations management, the new style of management that Beane tries to create would fit within the scope of project management. For this assignment, as we watch the movie, you will be required to address the following questions and answer them. The assignment will specifically be dealing with the monitoring and controlling of the project. Your paper should be Times New Roman, 12pt font and double spaced. Margins of the paper should be 1”. Do not allow your margins to be reduced by utilizing bullet point margins. This will lead to point deductions. Only Kloppenborg textbook needs to be cited; do not worry about citing the movie. Question #1 (1 full page) The definition of a project as provided by Kloppenborg (2019) is “a new, time-bound effort that has a definite beginning and a definite ending with several related and/or interdependent tasks to create a unique product or service.” How does this definition fit the efforts of Billy Beane versus just operations management? Question #2 (~5 pages or 1 page each process) Select 5 of the project management processes below. For each of the 5 you must 1) provide a brief description of each process, 2) describe how Billy Beane manages this process, and 3) provide a specific example of the management of this process from the movie and why this is a good example. Perform Integrated Change Control Validate and Control Scope Control Schedule Control Costs Control Quality Control Resources Monitor Communications Monitor Risks Control Procurements Manage Stakeholder Engagement Question #3 (1/2 to 1 full page) Do you think Beane’s project was a failure or a success? Why or why not? Extra Credit Complete 2 more (for a total of 7) of the project management processes for 30 bonus points. Running head: MONITORING AND CLOSING A PROJECT Monitoring and Closing a Project Ravi Patel University of the Cumberlands 1 MONITORING AND CLOSING A PROJECT 2 Monitoring and Closing a Project In 1978, Putnam made a proposition for an analytical model that would be used in determining the labor cost rates over a period of time in different projects which was later considered as the PNR model. In this regard, it is evident that the PNR theory or model is realistic and is mainly used in complex projects to estimate the schedules and time while monitoring and controlling these variables during the execution of a project. For project managers mainly interested in unravelling the correlation between effort and project schedule, or in cases where there is a need to complete a project half its time with double its resources, it is essential to take cognizance of the Putnam-Norden-Rayleigh (PNR) model and curve (Johnston & Brennan, 1996). Research studies by Norden and Putnam articulate that projects mainly require learning and communication such as in the case of software development projects. Putnam in this model confirms that the use of the PNR model in projects provides solutions to the estimation and sizing problems in projects. Project Management Officers (PMO) therefore make use of the PNR curves to determine the duration against the costs and efforts required in the completion of a project. This, thus, helps the PMO to determine the need for additional resources or the reduction of effort to determine if the prospects of a project are linear. As postulated in the views of Johnston & Brennan (1996), several factors need to be considered in implementing the PNR model in a project. Putman, therefore, pioneered an ideology that entailed the use of labor rates in describing projects. The PNR model attests to the fact that a project entails a compilation of varied activities n (t), requiring the PMO's to establish some of the cost-effective measures that may be used in completing these activities on time considered as (t), while the total cost or resource requirements of the project established as N. Koskela & Lauri (2000) posits that the accomplishment of a project is occurs MONITORING AND CLOSING A PROJECT 3 upon exhaustion of a projects procedures and activities that are to be addressed to ensure that at the end, the objectives of the project are met as n(f)→N. Koskela, Lauri & Howell (2002) postulates that PMO’s can however re-structure the PNR model according to their organizational needs to ensure that the terms required in the completion of a project takes into cognizance a number of activities, allowing the PMO’s to move back and forth in between the project activities to ensure quality is achieved. As a project proceeds, it is essential to note that the number of engagements and activities shift given that the PMOs are forced to break down the activities of a project into smaller and manageable parts (Bolles & Hubbard, 2015). However, the PNR model assumes that there are no cases of scope creep that may be encountered to ensure that the total costs in a project do not change, making the N a constant variable. As accentuated in this model, the lowest-cost of delivery time mainly indicates that the lowest cost required to ensure that a project is delivered. In this case, Koskela, Lauri & Howell (2002) hypothesizes that this factor may not delay a projects return on investment, work-in-progress and inflation costs, hence the rationale behind the need for most managers to ensure that the short timelines and costs of a project are not compromised. PMO therefore have the responsibility of establishing procedures in project management in an organization that aid in determining the opening and completion of a project. PMO’s equally have the capacity as well as the mandate to develop efficient project management procedures while equally ensuring that the projects are sustained over a period of time (Bell & Waters, 2014). PMO’s therefore use the Norden and Putnam model in articulating projects, efforts that require learning and communication such as in the case of software development projects. Putnam in this model confirms that the use of the PNR model in projects provides solutions to the estimation and sizing problems in projects. MONITORING AND CLOSING A PROJECT References Bell, J., & Waters, S. (2014). Doing your research project: A guide for first-time researchers. Maidenhead, Berkshire: McGraw-Hill Education. Bolles, D., & Hubbard, D. (2015). PMO Framework and PMO Models for Project Business Management. Business Management. 4 ...
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“MONEYBALL” AND PROJECT MANAGEMENT

“Moneyball” and Project Management
Student professor
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Date

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“MONEYBALL” AND PROJECT MANAGEMENT

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Question #1
Kloppenberg defines a project as “a new, time-bound effort that has a definite beginning
and a definite ending with several related and/or interdependent tasks to create a unique product
or service. This definition indeed fits Billy Beane’s efforts. Well, for one thing, seeing that his
career as a professional baseball player was not worthy, he decided to embark on a new journey of
being Oakland’s general manager. In his role as the team’s manager, Beane used several related
and interdependent tasks of the statistical and analytical approaches to recruiting players. He
recruited players, not on the basis of market values, but using analytical and statistical methods
based on the performance of the platers in the recent matches and their roles in the team as well.
The unique product that he created was a team that set several baseball records. Seemingly,
Beane was the first individual to tap into statistical and mathematical approaches to form a strong
and powerful team that will play in baseball tournaments. He used resources to assemble the best
team for upcoming Baseball League, despite the limited financial resources. This endeavor had a
definite beginning, which began with the formulation of the Big Data analytics strategy that was
the used in the recruitment of baseball players. However, it is yet to end.
Operations Management also seems to fit Beane’s efforts. One of the operation
management strategy depicted by Beane was competing on cost, Billy Beane was competing on
cost with the rest of the teams considering that his team was struggling with financial resources.
He thus carefully planned the budget to recruit the players with the funds he was provided with.
Beane was also competing with differentiation since he's used his own recruiting method thus
leading to his team’s success. He showcased exceptional leadership qualities and accepted the
challenging task of forming a competitive team, knowing the condition of the available resources.

“MONEYBALL” AND PROJECT MANAGEMENT

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Question 2#
Control costs
In control cost, the project manager monitors the costs of the project and manages
adjustments to the baseline of the cost. A milestone is typically used to establish cost control.
Primary milestones are usually identified within the milestone schedule. In addition to this, there
is the identification of more milestones throughout the development of the project schedule.
Project managers can then use their estimated cash flow budgets to determine the amount of
funding required to complete every milestone thus evaluating the project’s progress.
Billy Beane managed cost control in “Moneyball”. People typically tend to think that
budget constraints are an enemy of creativity. There is a sense that project managers should have
big thoughts without being constrained by budgets. However, Beane was able to manage cost
control by being creative. The hard budget constraints would have otherwise limited an ordinary
person but seeing that the other teams had a competitive advantage in terms of costs. Billy Beane
revolutionized the process of scouting new baseball players on a budget by employing computergenerated analysis to sign new players and when best to put them in the lineup.

A specific example of control costs is when Beane, is forced to financially disadvantaged
team on a limited budget. Even though he was opposed by the media, old guard, public, and even
the field-manager, Beane using a young-number crunching, Yale-educated economist’s help
developed a list of misfits and along the way, changed how the game was played. By the careful
collection and analysis of each athlete’s performance data, he was able to meet the budgetary needs
of his team. Beane also used this low-budget to improve the performance of his team.

“MONEYBALL” AND PROJECT MANAGEMENT

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Control Quality
Control quality refers to the activities that are used in verifying that the quality of the
deliverables is acceptable and that these deliverables are correct and complete. The testing process,
deliverable peer reviews, and inspection are some of the quality control activities. These activities
are used to verify that the project deliverables meet acceptable quality standards. Quality controls
are typically used to minimize inefficiencies a...

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