(Mt) – MGT321 SEU Impact of Globalization Paper

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Richland College Project Planning and Project Management Discussion Replies

Richland College Project Planning and Project Management Discussion Replies
Question: For this assignment please locate a case study or article or video of your choice on a topic from the list below. You may use our University Online Library or an internet search using a search engine such as Google Scholar to locate your source. Write a summary of your selection and contrast its content with the processes described in the course reading assignments. Base your opinion and analysis upon your own experiences, readings from the text, or any other reference you deem appropriate. Project Planning as a      Management Function Components of the Project      Management Plan Stakeholder Identification Establishing Project Priorities Project Constraints (Please include the title and author of your article/case study at the top of your initial post. If your source is a video please include its URL (Internet address) at the top of your initial post in addition to its title and author.) Person1 post: (Deepika) Title: Project prioritization: a guide by The Digital Project Manager By Ben Aston In this article Ben Aston as a project manager in a digital industry for more than 15 years put his focus on prioritizing items during the project. The targets of digital project managers are to prioritize the project in right order and to make sure the right part of the project is being worked. Not only prioritizing a project but also task under the project is to be prioritize as well. How      to Prioritize Projects? Learn      About Project Scoring Determine      Your Criteria Gather      Your Project Data Organize      Your Projects In A Scoring Sheet Present      Your Findings How Important Is Prioritization? According to the Plan View’s Project and Portfolio Management Landscape Report prioritizing comes under second biggest challenge to the organizations. According to the research done by McKinsey on 1500 professionals only 9% were happy om their time allocation. A lot of researchers mentioned on the importance of setting priorities on project in order. Prioritizing is a new challenge in a workplaces where a lot of tasks pops up in daily basis. If those tasks are not taken care on time or delayed, another chaos will occur. Therefore, prioritization is a significant challenge at a workplace and in a personal life. How To Prioritize Tasks At Work? Steps about how to prioritize or list the priorities are discussed below. Step 1: Make A List Of Your Tasks While making a list of own tasks, the best way is to write them all in a paper and add them to a whiteboard. Another way is to map them using brain or software and add the entries to the calendar as a to do list. Step 2: Separate Urgent from Important During this step, the one must be done as soon as possible should be separated from the to do list where some of the items can be taken care in later. for example categorizing the to do list as per the Eisenhower Matrix. It helps you break this down into different categories: urgent      but not important important      but not urgent important      and urgent Not      important and not urgent Looking at the Eisenhower Matrix, if a task isn’t important and it also isn’t urgent, you should remove it from your list. Step 3: Delegate Tasks Project manager as a resource owner, s/he know the resource very well. Its very difficult for one person to address each urgent and urgent task. Some of the task can be addressed by one expert resource in short time. So, it better to know the skill of the resource and list the task accordingly, which saves significant amount of time during the project. Step 4: Order Tasks By Effort Till this step. The list or the calendar must look much better. Here the it must look clear about the sorted task and time. it a personality of someone about who choose what. This is a n important step to schedule the listed task. Conclusion: One of the major deal for project manager is Establishing Project Priorities. Its up to PM to choose a right project and the task inside the project. As a resource owner a experienced and  smart project manager is key who directs the project to achieve the project’s goal. Person 2 post (cody) itle: An empirical analysis of the relationship between project planning and project success Authors: Dov Dvir, Tzvi Raz, Arron Shenhar Hello All, I found an interesting article that I wanted to compare and contrast to the readings we have been doing, specifically out of the PMBOK. The article is entitled “An empirical analysis of the relationship between project planning and project success,” and its findings slightly contradicted what we have been learning as best practices in the PMBOK. The premise of the study that was conducted was to find statistical correlation between the project planning efforts undertaken, and the end success of said project (Dvir, Raz, & Shenhar, 2003). To conduct the study, the authors analyzed one-hundred R&D projects with the focus of said projects being weapon systems and support equipment (Dvir, Raz, & Shenhar, 2003). The result of the study found that, among these one-hundred projects, is that “project success is insensitive to the level of implementation of management processes and procedures (Dvir, Raz, & Shenhar, 2003).” The findings were that “project success is positively correlated with the investment in requirements’ definition and development of technical specifications (Dvir, Raz, & Shenhar, 2003).” This finding seems obvious to a technical approach of developing something sophisticated like weapons systems and meeting the desired end goal. The result is quite opposite of what I expected to find out and is contrary to the teaching of the PMBOK we have been reading about over the last three weeks. The PMBOK says that developing a project charter that flows into the creation of a project management plan (A Guide to the Project Management Body of Knowledge, 2017). It outlines that PM’s should follow these steps of the project initiation phase to alleviate many problems that arise later, including coordination of activities, roles, responsibilities, key players, project definition, project execution steps, and baselining schedule and cost considerations. Based on these facts and from my experience, I find that the findings here could be skewed due to the scope of work being performed. R&D is often ambiguous. The authors did not outline if there was a set product or problem they were trying to solve with this R&D, meaning there could have been room for creative interpretations. When it comes to executing a project the PMBOK tells us that the scope must be encapsulated in the project charter (A Guide to the Project Management Body of Knowledge, 2017). If there was no specific scope to be accomplished, it is easy to see why structure around the planning process did not yield expected results compared to the normal project management process. In my opinion, structure could inhibit the creative process around R&D, which could have made the projects using a formalized management system less effective when it comes to this work. The PMBOK also says that the project management plan can be tailored to fit any project, or steps in the process can summarized at a high level to fit the project needs (A Guide to the Project Management Body of Knowledge, 2017). To me, it sounds like this project needs more high-level summarization of the project management plan, with more room for ambiguity and creative development incorporated.

PM 584 University of Phoenix Enterprise Risk Management Planning Business Report

PM 584 University of Phoenix Enterprise Risk Management Planning Business Report
INDIVIDUAL assignment require you to create your own Project Management and/or Business document, so DO NOT provide the how and why of theories and/or concepts, i.e. “lesson” YOU WILL LOSE POINTS. Please Note that these individual assignments are not a classroom assignment pursue as you are creating an actual Risk Management Plan for an actual project. Therefore, it is not a research report and you are not trying to demonstrate your academic expertise, how well you can copy and paste and cite or how well you are read you are to apply what you have learned. Project Scenario: Construction of a new 5-story Marriott hotel on the Mission Bay San Diego California. Phase I, the demolition of the existing mobile home park site has been completed with financing and all permits having been secured. YOU are starting Phase two, which is scheduled to start the first Monday of August with the budget set at $500 million dollars and duration of 5 years to grand opening. Creating your risk management plan: The project sponsor has reviewed your report of your detailed analysis of the specific/explicitly unique risk only applicable to your project that not only will have a catastrophic/major impact on the project up to and including the project cancellation but also it will have a catastrophic impact on the organizations up to and including the company going out of business. Risk Identification: The outcome of the scope of the project is a new five story hotel on a peninsula in Mission Bay, which by definition of peninsula has three sides of water.One assumption of the project is that there will be ground water levels to compensate for when excavating for the foundation and the installation of the foundation for the five story structure, which the soils report and engineering have accurately assessed and mitigation requirement are incorporated in that phase of the project. There is a risk that the assessment is wrong and there is more ground water than expected.Being on the bay there are environmental requirement which translates into the general category of environmental risk. Catastrophic risk: Going past the obvious to identifying devastating risk associate with the aforementioned. We are expecting ground water due the location and closeness of the bay and have adjusted the project accordingly but what if that seepage is such that it creates a river of water from the bay that collapses the walls on one or more sides of our excavation site. There would be a rippling effect throughout the bay and environmental impact that could last for years, not to mention, the loss of the land mass of the excavation site and collapsed area adjacent to the excavation site. Enterprise risk: Even with insurance and the size of the parent company the project cleanup/restoration cost of restoring the land mass and fines due to the environmental impact with respect to bay and other enterprise adjacent to the bay would be exponential and crippling. In addition, even if the land mass was restored any construction on the site would be prohibited. THE ASSIGNMENT: The project sponsors now wants you to submit your detailed explanation/justification of how the risk can potential transcend to the enterprise risk and is potential catastrophic for the company/enterprise. In addition, the project sponsor wants your detail mitigation strategy to lessen the impact to the company if the risk happens Submit: A minimum of 1800 word business report that covers/includes: Your detailed explanation/justification of how the risk can potential transcend to the enterprise risk and is potential catastrophic for the company/enterpriseYour detailed mitigation strategy to less the impact to the company if the identified project risk happens. NOTE: You CANNOT use insurance as your mitigation strategy

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