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College of Administrative and Financial Sciences
Deadline: 28/March/2020 @ 23:59
Course Name: Project Management
Course Code: MGT323
Student’s ID Number:
Academic Year: 1440/1441 H
For Instructor’s Use only
Students’ Grade: Marks Obtained/Out of
Level of Marks: High/Middle/Low
“Failing to plan is planning to fail”, is the proverb that affect project planning. Based on this proverb
you are required to answer the questions given below. For better understanding, please refer your
textbook chapter-11 and answer accordingly.
1. List few consequences, which arises due to poor planning, and explain them in your words. Give
an example of any product, which failed, in the market due to poor planning. (2.5 Marks)
2. Do you think systematic planning help in setting goals and making decisions? Give reasons to
support your answer by choosing any event (e.g. product launch, conducting exhibitions etc). (2.5
3. Describe the above given proverb with an example based on your understanding. (2 Marks)
4. Identify the type of planning required to establish effective monitoring and controlling in the
display of products in Supermarkets and explain the process with any example of your choice.
(Refer Pg-413, Figure-11-1 for your understanding). (3 Marks)
Failing to plan has negative consequences on the organization. Organizations plan before
beginning a project to prevent failure; thus, failing to plan is like planning to fail. The results of
poor planning are, first, it affects the financial status of the organization; poor planning interferes
with the cash flow of the organization when allocating funds to projects. Cash flow interruption
causes late payments to suppliers, thus resulting in a shortage of material hence bring financial
instability to the organization. Second, material limitation, poor planning results in a lack of
materials by causing delays in the necessary documents. Material shortage causes the late
submission of projects, which is not suitable for the organization. Poor analysis techniques when
planning can cause errors, which leads to ordering fewer materials for the project. A shortage of
elements in a manufacturing company can lead to a...
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