Analyzing and managing projects that are in pipeline

Assignment Help Other Subject
Reference no: EM13217290

I would like to examine in this week's questions two organizations that I have worked for. They will be similar in industry and field, but opposites in size. I stand of the opinion that the size has an effect on the type of structure and the types of methodologies that would be implemented. As in reference to the implementation of any process ie. Six Sigma quality, there are costs associated to this implementation. As an opportunity cost comparative to the consequences of errors or mistakes versus investing to the implementation; this is relative to the implementation of a PMO or a projectized organization, a maturity model or even the school of project methodology as promoted by many large organizations such as IBM or AT&T.

The first organization that I worked for is a large technology company dealing with security system integration. Stanley had over 10K employees. The other organization CBCI, in comparison, has 200 employees. The corporate culture for the Stanley was one where as a large ship had processes to help the machine work and progress, while CBCI as a smaller organization had an approach to be agile and able to maneuver to change nimbly and dynamically.

Project portfolio management has the objective to cut costs, properly allocate resources and determining if projects are worth their deployment being inline with the strategic objective. As one could be certain, no matter the stakeholder, they would want to ensure that they are making the most financially sound and least risky decision to project deployment. In Stanley being the large organization, they have a PMO with a school for project methodology that implements their adjusted PMI methods to their PMLC. Combined with a focus on continuous improvement, their "school" is able to make changes to ensure that methodologies are up-to-date for best practices. This is embedded within the culture, and as aforementioned this large ship that has investments to implement such practices to standardize and promote corporate-wide success. Challenges that could take place in this organization are that change is difficult to adapt to at times. As Kerzner discusses in his writings on best practices, "Corporate cultures make take a long time to create and put in place, but can be torn down overnight" (Kerzner, pg.272). This can pose as a challenge to the large organization, but is more likely to succeed as the structure in place has shown history of success and the continuous improvement ensuring best practices will help the PPM align in the best selections and decisions.

As for CBCI the smaller company, there is not the same structure. There is a strong emphasis on the PMs ability to perform at a high level without being part of a culture for many processes and structures. There have been attempts to create different structures, but it is relative to the size of the company and the direction that it is going. A booming industry with a strong revenue surge would definitely promote the standardization and its necessity and financial justification. The PPM is set by the highest of Stakeholders such as the CEO of the company, but as mentioned in the outline of this weeks note, there can be the difficult challenge as an arbitrary individual that may not share the view or perspective of a situation that could lead to hindering any adaptations or successful PPM models.

The challenges that are found in the McElroy case study range into the following:

  • Arbitrary deadlines set without methodology
  • Arbitrary decisions for projects made by staff without input from others
  • Silo method of departments that resulted in poor communication
  • Poor evaluation of strategic alignment of project selection
  • Lack of understanding and definition of scope for projects
  • Rudimentary PM methods from 80s did not evolve, especially in lieu of globalization environment of the 90s.

The upper management took a number of steps to address these challenges listed above:

  • They implemented a software system that would serve as a tool to tracking, analyzing and managing projects that are in the pipeline.
  • Addressing the silos of information and communication, McElroy was able to create a shared network to make all materials available including client communications, creating a dynamic and less restricted environment to working remotely with global clients etc...
  • Instead of having line managers make decisions on technical specifications, there was the implication of the PM in the estimating stage of the project to ensure that the project transition was done as successfully as possible.

Reference no: EM13217290

Questions Cloud

Find out which of the three solutions to consumer privacy : determine which of the three solutions to consumer privacy issues listed in (consumer self-help, industry self-regulation, and privacy legislation) you support. Defend your position using at least one example.
Excellent communication between customers and suppliers : Meeting the customer requirements (Oakland 2003) is a reasonable definition of quality and customer satisfaction means we can wrap up our projects more rapidly (Frame 2002, quoted in Reid 2013a)
Primary duty to manage the company : Director have a primary duty to manage the company and not to answer to individual shareholders - Use australian company and association law 2013.
Opportunity for implementing corrective measures : Duffy and Thomas (1989) advocated that project reviews should be 3-phases. Pre-project reviews assess the feasibility of the project from all aspects, in-project reviews provide feedback on ongoing issues and provide an opportunity for implementin..
Analyzing and managing projects that are in pipeline : Iimplemented a software system that would serve as a tool to tracking, analyzing and managing projects that are in the pipeline.
Implement to enhance project management : Information dissemination; a situation where communication across the stakeholders was not encouraged and outdated procedures that was no longer in sync with the current trend
Critical path that resulted from crashing the project : The shortest amount of time in which the project schedule can be crashed without exceeding $7K and the project critical path that resulted from crashing the project
Most significant challenges facing you as manager : what are the most significant challenges facing you as manager of this store and what steps would you take during the first 90 days as manager to address these challenges?
Conduct a comprehensive external environmental scan : Conduct a comprehensive external environmental scan of your business unit, including a five forces analysis, to identify the relevant trends that pose opportunities or threats to your business.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd