What benefits come from celebrating project accomplishments

Assignment Help Risk Management
Reference no: EM131082714

Case : Closing Projects at Global Green Books Publishing

Global Green Books Publishing is continuing to grow. The customised eBooks line of work is continuing to grow, and they now have a lot of experience from the eBook projects that they have completed for their first eBook customer, a local college, and for their newer customers. However, as new projects come in and start to run into problems, some of the project managers in the project management office and their manager, Samantha, were discussing how it seems like it is déjà vu all over again - some of the same problems that they thought they had solved in working with supervisors and their teams on past projects keep on occurring.

The eBook projects are functioning well, and customers are happy with the results. Repeat orders are coming in and new customers are turning to Global Green Books for their eBook production needs. But, there are just some problems that seem to keep popping up. One of the project managers even described dealing with these problems as being like playing the popular arcade game of -Whack-a-Mole? - as soon as you deal with one to make it disappear, the same one or another one just pops up. It seems like a never-ending struggle to try and solve some of these problems, especially when some seem like they were already solved on another earlier project.

In the company handbook that Samantha had implemented, when projects completed the supervisors finished tracking all of the actual effort and costs and turned that information over to cost accounting for billing purposes. As Samantha and colleagues implemented the project management office, they modified the company manual to have a copy of this information also shared with the project management office. They have found this information to be sometimes useful as historical data to help develop estimates for new projects as requests for new eBooks come in from their customers.

The PMO team was discussing making changes to the company manual and holding a short training for supervisors to implement some improvements to their project completion processes. They wanted to change their standard job template to incorporate these additions:
- a planned task for supervisors to close out the project
- a task to create a lessons learned report, and
- an optional task for a closing celebration for the team to mark the end of the project

They felt that it was important that the PMO start capturing lessons learned. These could be collated by the supervisors at the end of the project, or they could encourage supervisors to plan, schedule and hold a project closing meeting with their team members to thank the team members and to collect lessons learned from all of the team. They could also invite feedback or participation from the relevant Customer Service Representatives and account managers. The PMO received management approval for these changes, updated the company manual, and held a brief training for supervisors. Supervisors liked the ideas, especially because the close-out meeting or team celebration would give them a chance to recognise and reward team members and would serve to motivate the teams for future projects. As time went on, the PMO started collecting these lessons learned from many projects.

As they collected these lessons learned from these projects, the PMO staff started to look at the data from the lessons learned across the projects. They examined frequency of the six kinds of issues that were being encountered on the projects. The histogram below shows their results.

809_figure.png


Based on feedback from the leadership training that they had done with the supervisors, they had thought that the major cause of delays and extra costs on projects were part-time student employees calling off from work at the last minute, leaving planned work not performed until another resource could be assigned to it, which was often difficult as there were few slack resources. This made tasks late and sometimes delayed projects from completing on time. Their analysis showed that that wasn‘t the case at all. In fact only three of the problems on projects were caused by unplanned absences. In their Pareto analysis, the PMO staff identified three key problems, which they highlighted in red.

- Delays in obtaining necessary reprint permissions from certain publishers were the largest cause of problems, accounting for 34% of the problems encountered by eBook projects.
- Production staff calling in sick was the next most frequent problem, accounting for 28% of the problems.
- Customer changes, which often caused rework and delays, were the root cause of another 20% of the problems.
The PMO now knew what the most important issues were that were causing eBook projects to be delayed, and could make recommendations to mitigate each of these problems.

Comment on the following aspects of the case study:

a) What are some of the reasons why it is important to close out a project? What can risk assessment managers accomplish in closing out a project?

b) Why should projects capture lessons learned? What are some ways that the project team members, project managers and the organisation use lessons learned?

c) What benefits come from celebrating project accomplishments? Do you believe that rewards and recognition can serve as motivators for staff?

d) Explain what a Pareto chart is. Why would you use this technique to identify and prioritise problem areas? Are there some limitations on interpreting the results of a Pareto analysis?

e) If you were the looking at this Pareto analysis, what recommendations might you make to address the three key problem areas in eBook projects that this analysis identified?

Reference no: EM131082714

Questions Cloud

Research paper: issues for women in leadership : Research Paper: Issues for Women (or Minorities) in Leadership
Average annual snowfall amounts : The following stem-leaf plot displays the average annual snowfall amounts (in cm, with the stems being tens and leaves being ones) for a random sample of 25 Chinese cities: 0|000000024 1|028 2|00228 3|8 4|2248 5|48 6|0 ----- *10
Derive the expected mean squares for a balanced : Derive the expected mean squares for a balanced three-stage nested design, assuming that A is fixed and that B and C are random.
Reanalyze the experiment in problem 14.5 : Consider the three-stage nested design shown in Figure 14.5 to investigate alloy hardness. Using the data that follow, analyze the design, assuming that alloy chemistry and heats are fixed factors and ingots are random. Use the restricted form of ..
What benefits come from celebrating project accomplishments : What are some of the reasons why it is important to close out a project? What can risk assessment managers accomplish in closing out a project - What benefits come from celebrating project accomplishments?
Model the effect of temperature : Use logistic regression to model the effect of temperature on the probability of O-Ring Failure. How do you the results be interpreted? In particular how the effect of temperature on the odds of thermal distress should be interpreted?
Use the restricted form of the mixed model : Using the data that follow, analyze the design, assuming that alloy chemistry and heats are fixed factors and ingots are random. Use the restricted form of the mixed model.
Effective in preventing nosocomial infections : Is the use of soap and water or alcohol-based rubs more effective in preventing nosocomial infections? How effective are anti-depressive medications on anxiety and depression?
What are some of the challenges facing supervisors : What are some of the challenges facing supervisors - what skills do you think the supervisors need to be effective project managers? Why do they need these skills?

Reviews

Write a Review

Risk Management Questions & Answers

  How to determine whether to buy or sell futures when hedging

Explain how to determine whether to buy or sell futures when hedging. For each of the following situations, determine whether a long or short hedge is appropriate. Justify your answers.

  Develop an e-business risk management plan for organization

Develop an e-business risk management plan for an organization in this industry and explain the key aspects of e-business risk management

  Explain the relationship between risk and return

Explain the relationship between risk and return? Identify an example of risk and return. Explain which is more risky bonds or common stock Explain how understanding risk and return will help you in future businessventures.

  What is the maximum amount of money

Suppose earthquakes are predicted based on the seismic test information;i.e., an earthquake is predicted if a fault line is 1 mile or less away, and no earthquake is predicted otherwise. What is the maximum amount of money you are willing to pay f..

  What does that tell us about how to price the options

Consider a call option with an exercise rate of x on an interest rate, which we shall denote as simply L. If these two options have the same payoffs, what does that tell us about how to price the options?

  Evaluate alternative investments with unequal lives

Why is it important to consider cannibalization in situations where a company is considering adding substitute products to its product line and Holding the cutoff period fixed, which method has a more severe bias against long-lived projects, payback..

  What is the purpose of risk management industry standards

What is the purpose of risk management industry standards? What responsibilities does senior management assume in a risk management system?

  Calculate the var for the given situations

Calculate the VAR for the following situations: Use the analytical method and determine the VAR at a probability of 0.05 for a portfolio  in which the standard deviation of annual returns is $2.5 million.

  1 examine the nature of risk within a firm through losses

1. examine the nature of risk within a firm through losses and opportunities with a focus on the mitigation of risk2.

  Explain possible risk mitigants you would seek from customer

Explain the possible risk mitigants you would seek from the customer and the kind of credit monitoring system you would implement to closely track developments.

  Determine your annualized return on the loan

If you have a financial calculator or spreadsheet with an IRR function, determine the internal rate of return and annualize it to determine your annualized return on the loan.

  Describe how protection efforts will vary over time

Describe how the organization can apply risk management principles in their efforts to secure their systems. Describe how protection efforts will vary over time

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