Business Finance
MGT 323 Saudi Electronic University Consequences of Poor Planning Questions

mgt 323

Saudi electronic university

MGT

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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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Running Head: PLANNING

1

PROJECT MANAGEMENT
Name
Institution Affiliation
Course Name
Instructor

PLANNING

2

1. Consequences of Poor Planning
The planning process is the steps followed in the selection of objectives, policies, and
establishing the necessary measures aimed at achieving them. The cause of actions in project
planning involves predetermining requirements from the time of initiation to the later stage of
execution. Inability to plan correctly is likely to create several consequences such as;
❖ Launch of a project without essential requirements
The planning process requires the resources needed to take out the perceived project
adequately assembled in the initial stage. For example, in setting up a branch for any
particular organization, it is crucial to set the necessary have necessary engineers who will
carry out the construction, necessary security personnel, all the required raw materials, and all
human and financial resources. If not adequately planned, some critical requirements will
eventually fail or be at a standoff.
❖ Wild enthusiasm
There is a tendency to overestimate the benefits derived from the project. This habit is
because the challenges that may be involved in the implementation process will not
adequately reveal accurately, and these expectations will generally raise the enthusiasm and
at the same time, underestimating the concerns so received.
❖ Disillusionment and abandonment of the project
When the unidentified challe...

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