Business Project Management

User Generated

YFO008

Business Finance

Description

PART ONE: Discussion - Succesful vs Unseccesful Project --- Due Tuesday 10/3/17

(Needs to be 150 words)

Successful project management requires a clear and approved plan, as well as fluid communication between the project team members and stakeholders. Included in these groups are the project manager, functional managers, functional employees, senior staff, and of course the customer. Project managers are responsible for all elements of the project and they must continuously balance outcomes, schedules, and resources in order to accomplish the project's objective within the time and budget guidelines.

With this in mind and after conducting your own research on the matter, do the following in your initial post:

  • Identify and discuss a successful project and an unsuccessful project with which you are familiar. (If not familiar, conduct research)
  • Include what you would say distinguishes the two, both in terms of the process used to develop them and their outcomes?

Some concepts to consider as you are researching this project involve the following keywords:

  • Project efficiency
  • Impact on customer
  • Business success, and/or future planning.


PART TWO: Mod 1 Course Project - Memo to Executive Staff

To begin your course project, make sure to READ over the Course Project Introduction BEFORE you start this assignment. For this assignment you will be writing a 1-2 page professional memo (template linked below) to your company executive staff addressing the following points:

  • Name of your company (You are NOT choosing a new company; you MUST use the information in the Course Project Introduction. You are just naming the company with the information from the Course Project Introduction as your guidelines)
  • Provide an introduction of the program based on the project overview
  • As the program manager, what is your initial assessment of the program?
  • What do you believe your first action as the Program may be with this project
  • List at least 3 initial concerns with the program
  • Memo conclusion

Memo Template

Course Project Introduction

Project Overview

Below is the scenario for the course project assignment. You are assuming the role of the project manager for a company (you select the name) to provide a new product (Backpack with built in refrigerated pouch and radio module) to a customer ( U.S. Army, Ground Forces and Special Operations). Each week you will be presented additional information on the project and will be required to produce a weekly deliverable in support of the project.

The course project is designed to address the course objective as well as incorporate each of the weekly modules objectives. You will be required to submit a final paper on the project addressing all of the objectives described in the project summary.

Scenario

Your company was recently awarded a delivery contract on a new product (see below). You were newly hired by the company; you will assume the role as the assigned program manager overseeing the design, development, production and delivery of the new product. The details below provide a summary to the course project:

  • Company type (name your company): A small defense contractor located in the United States of America
  • Company size (employees): 100
  • Product: Backpack with built in refrigerated pouch and radio module
  • Awarded quantity: 200 units (100 assigned to Ground Forces / 100 assigned to Special Operations)
  • Program Budget: Proposed award: $1,500,000
  • Customer: U.S. Army, Ground Forces and Special Operations
  • Award date: September 1, 2015
  • Completion date: March 1, 2017
  • Delivery schedule: 100 units 12mths ARO (after receipt of order). 50 units every 3 months after first delivery
  • Milestone Schedule:
    • First delivery: September 1, 2016
    • Second delivery: December 1, 2016
    • Last delivery: March 1, 2017
    • First milestone payment (from customer): October 30, 2015
    • Second Milestone payment: January 30, 2017
    • Final Milestone payment: May 30, 2017
    • Initial Program review (at the customer's site): November 16, 2015
    • Subsequent Program reviews: 6 months after the initial review

Expected Result from Senior Management:

  • On-time delivery for the three stated product deliverables
  • Desire to complete the total program under the stated budget of $1,500,000
  • All milestones accomplished by due dates listed
  • Supplemental (follow-on) contract for future additional units (backpacks)

Due Date

Your final project is due in Module 06. There will be individual assignments along the way. The module they are due is noted in the time line below.

Time Line

Module

Assignment

01

Memo to Executive Staff

02

Identify Overall Scope and Analyze Unexpected Events

03

Statement of Work (SOW) and Work Breakdown Structure (WBS)

04

Quantify, Qualify, and Evaluate Project Risks

05

Finalize Project Schedule and Mitigate Any Delays

06

Prepare a Final Project Report

Requirements

The final report due in Module 06 will be 8-10 pages in length. Included in the final project report will be the following:

  1. Executive summary
  2. Project background / project overview
  3. Major Activities / Milestones
  4. Project Closure synopsis
  5. Project metrics Performance
  6. Project Management Issues
  7. Project Closure Recommendations

Evaluation

Each assignment leading up to the final assignment is evaluated and graded independently. Your instructor will provide specific grading criteria for each step of the project prior to its due date.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Name:
Institution Affiliation:
Date:
Project success and Failure
A project that was a success is the IKEA venturing into the Chinese market where others
have terribly failed. The company project was a success by not only selling their home
decorati...


Anonymous
Just what I was looking for! Super helpful.

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