Business Finance
MGT 323 Saudi Electronic University Failing to Plan Is Planning to Fail Project

mgt 323

Saudi electronic university

MGT

Question Description

I’m studying for my Management class and need an explanation.

  • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
  • Assignments submitted through email will not be accepted.
  • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
  • Submissions without this cover page will NOT be accepted.

Unformatted Attachment Preview

College of Administrative and Financial Sciences Assignment 2 Deadline: 28/March/2020 @ 23:59 Course Name: Project Management Student’s Name: Course Code: MGT323 Student’s ID Number: Semester: II CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. ASSIGNMENT-2 Project Management (MGT323) Second Semester (2019-2020) Assignment Workload: • This Assignment consists of Critical thinking Question. • Assignment is to be submit by each student individually. Assignment Purposes/Learning Outcomes: After completion of Assignment-2 students will able to understand the Demonstrate a deep understanding of project management concepts and theories as well as approaches to project management. (LO-1.1) Demonstrate an understanding of the project planning process. (LO-1.6) Assignment Regulation: • All students are encouraged to use their own words. • Student must apply “Times New Roman Font” with double space within their reports. • The attached cover-page has to be used, duly filled. Submissions without the cover page will NOT be accepted • A mark of zero will be given for any submission that includes copying from other resource without referencing it. • Assignment -2 should be submitted on or before the end of Week-10. • If the assignment shows more than 25% plagiarism, the students would be graded zero. Assignment Structure: A.No Assignment-1 Assignment-2 Assignment-3 Total Type Essay Critical Thinking Case study Marks 5 10 10 25 Assignment Question(s): (Marks-10) “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 Marks) 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) Answer: 1. 2. 3. 4. ...
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Final Answer

Please find the answer in the attachment below. Let me know if their is any edit/clarrification you need

College of Administrative and Financial Sciences

Assignment 2
Deadline: 28/March/2020 @ 23:59
Course Name: Project Management

Student’s Name:

Course Code: MGT323

Student’s ID Number:

Semester: II

CRN:
Academic Year: 1440/1441 H

For Instructor’s Use only
Instructor’s Name:
Students’ Grade: Marks Obtained/Out of

Assignment Question(s):

Level of Marks: High/Middle/Low

(Marks-10)

“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
Marks)
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)

Answer:
Question#1
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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