Provide overview of the need for using a project management

Assignment Help Project Management

Reference no: EM133302775

Case: Read the following extract and answer the questions:

WÖRWAG Pharma Tailor-made Solution to Get Started with Digital Project Management Resource Management on a Whole New Level WÖRWAG Pharma GmbH & Co. KG is a pharmaceutical company dealing in prescription compounds as well as over-the-counter products and food supplements. Germany, Eastern Europe, Russia, the Baltic States, Asia and Latin America are the sales markets. WÖRWAG obtains its products from primarily Eastern European and Asian production partners. Founded in 1971, the family -owned company with over 1000 employees around the globe offers health-conscious people highly effective solutions to prevent and treat lifestyle diseases. WÖRWAG specializes in natural pharmaceutical substances, especially vitamins, minerals and trace elements as well as herbal substances. Faced with the growing number of projects, which are often extensive, the fast-growing company set a goal. They would standardize structures and processes and optimize resource management. TPG QuickStart is WÖRWAG Pharma's first cloud-based server solution for enterprise-wide project and resource management and reporting across projects. It has raised the company to a new level regarding execution and transparency in project planning and handling. In addition, the solution supports the coordination processes between project managers and team leaders and has led to efficient resource management. (Source: Theprojectgroup.com, 2020)

Question 1. Provide an overview of the need for using a project management tool and discuss at least six (6) advantages linked to the use project management tools for companies like WÖRWAG Pharma GmbH & Co. KG.

Question 2.The project management tool implemented by WÖRWAG Pharma GmbH & Co. KG 2.has raised the company to a new level regarding execution and transparency in project planning and handling. Based on this statement, provide a comprehensive discussion on how the functions of baseline and critical path within Microsoft Project 2016 could enable such a new level of execution. (Your answer should outline the steps to create a baseline and steps to view critical path functionality)

Reference no: EM133302775

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