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There are six primary risk factors to health care organizations that must be addressed in audit reports.
Risks related to government regulation and other legal matters.
• Explain the financial implications of the assigned topic to health care organizations.
• Discuss at least two strategies that will minimize financial threats to health care organizations related to your assigned topic.
Determining when to develop a system in-house or to purchase a COTS system is not always clear. A SWOT (strengths, weaknesses, opportunities, and threats) analysis brings the strengths and opportunities to a focus point and highlights the threats and weaknesses so an informed decision can be made. This analysis is often completed by the stakeholders, including the business analyst.
Perform a SWOT analysis of buy versus build for your chosen system using the knowledge gained from the Wk 5 discussion, Purchasing Software Applications. You may use any Microsoft® program to create the SWOT analysis similar to the one featured in Ch. 12 of Information Technology for Management.
Use your SWOT analysis to create a guide for managers at Phoenix Fine Electronics to help determine if the business should build or buy a system. Incorporate feedback from the sourcing plan you created last week. As a guideline, this type of guide should be 4 to 5 pages in length with written descriptions, charts, and outlines.
Your guide should do the following:
· List various steps needed to purchase or develop a system in-house.
· Discuss budget considerations.
· Discuss staffing considerations.
· Discuss time considerations.
· Identify risks.
· Contain a maintenance plan.
· Contain at least 2 references.
· Contain charts or outlines.
Scenario
You have been hired as a project manager for a software company, ABC Solutions. Their business development team has received a product request from a new client, XYZ Financial Services. They need a custom software solution to streamline some workflows and processes that will be implemented in their offices worldwide. Your company has developed a similar software solution, but the client requires additional features and customization. The new software needs to be ready for a test run at two of the offices in about six months and worldwide rollout in another three months. Your boss, the project director, has asked you to manage this product development project.
ABC Solutions uses the traditional waterfall method for software development. The proposed project schedule should include the following major tasks: determine the software requirements, design, code test, system test, address issues with software, and deliver the prototype. You have been asked to assemble a team with the skills and expertise to perform these tasks.
Before initiating the project, you, the project director, and a software architect meet with the IT director and product manager of XYZ Financial Services to understand their requirements. They explain that the custom software should include three new features, five feature customizations, and a new interface design to match the client’s brand colors and logo.
Later, you and some key team members analyze the scope and requirements to arrive at some critical decisions and conclusions. These have been summarized in two project documents:
The project charter PDF that includes the project objectives and other important details
A document with the efforts estimated PDF for each development task
You will need to choose and allocate resources from the following available team members: a user interface (UI) designer, UI developers, a software architect, technical team leads, software developers, and software testers. You will also have access to two team members from the development team of the original software, who will act as consultants for your team. However, these members are only available part time since they are also busy on other projects.
Directions
Project Planning
Use the information from the scenario, including the project charter and effort estimates, to create a single file that includes the following components: stakeholder register, risk register, work breakdown structure (WBS), and responsibility matrix. You can also make reasonable assumptions to help you complete these tasks. But, be sure to explain your assumptions. Address each of the tasks outlined below.
Stakeholder register: Identify and list the stakeholders for this project. Ensure it includes the following details:
Their names
Their role in the project
Their influence on the project and its outcomes
Risk register: Identify and describe at least four individual project risks, including the risks identified in the project charter. The register should include the following details for each risk:
The description of the risk
The probability the risk may occur
The impact the risk can have on the project
The response plan if the risk occurs
The person responsible for handling the risk
The status of the risk
Work Breakdown Structure (WBS): Create a WBS and Networking Diagram for the project. It should include the major milestones and all tasks arranged in the order they should be completed in the project. Also, be sure to indicate any dependencies between tasks.
Responsibility Assignment Matrix: Create a responsibility matrix with a responsible, accountable, consulted, and informed (RACI) chart that shows how the tasks in the project are assigned to the respective team members. Also, include a RACI chart for all stakeholders you identified earlier.
Precision Manufacturing Inc. (PMI). PMI specialized in producing high-quality
automotive components, but faced various challenges in terms of productivity, waste
reduction, and customer satisfaction. To overcome these obstacles, the company
embarked on a transformative journey by implementing Lean Six Sigma principles.
This case study delves into the details of PMI’s journey, highlighting the benefits,
limitations, and potential biases associated with Lean Six Sigma in the manufacturing
industry.
In the early stages of their Lean Six Sigma implementation, PMI conducted a thorough
analysis of their existing processes, identifying bottlenecks and areas of waste. By
employing tools such as value stream mapping and process flow analysis, PMI gained
a comprehensive understanding of their operations, allowing them to make informed
decisions for improvement.
One of the initial steps taken by PMI was the implementation of 5S, a Lean technique
aimed at improving workplace organization and efficiency. By decluttering
workspaces, establishing standardized procedures, and implementing visual controls,
PMI witnessed a significant reduction in wasted time and improved employee morale.
Workers could now easily locate tools and materials, resulting in streamlined
operations.
As the Lean Six Sigma journey progressed, PMI began implementing various process
improvement projects. These projects were carefully selected based on their potential
impact on key performance indicators (KPIs) such as defect rate, cycle time, and
customer satisfaction. Through the use of DMAIC (Define, Measure, Analyze,
Improve, Control) methodology, PMI addressed specific problem areas and achieved
measurable improvements.
For instance, one of the process improvement projects focused on reducing defects in
a critical component. By employing statistical process control (SPC) techniques, PMI
identified key process parameters and implemented real-time monitoring to detect
variations. This proactive approach allowed PMI to take corrective actions swiftly,
resulting in a significant reduction in defects and warranty claims.
Another noteworthy Lean Six Sigma project undertaken by PMI involved reducing lead
time and improving on-time delivery. Through value stream analysis and the
elimination of non-value-added activities, PMI redesigned their production layout,
optimized inventory management, and enhanced communication between
departments. As a result, lead time was reduced by 40%, and customer satisfaction
soared due to timely deliveries.
PMI’s Lean Six Sigma journey also involved fostering a culture of continuous
improvement among its employees. The company invested in comprehensive training
programs, empowering employees at all levels to identify and solve problems using
Lean Six Sigma principles. This engagement of the workforce led to a significant
increase in employee satisfaction and a stronger sense of ownership and
accountability.
Answer all Questions.
1. How did Precision Manufacturing Inc. (PMI) identify the areas of waste and
bottlenecks in their existing processes during the initial stages of
implementing Lean Six Sigma?
2. What specific steps did PMI take to implement the 5S technique, and how did
it contribute to improved workplace organization and efficiency?
3. Can you provide more details on how PMI selected and prioritized process
improvement projects based on their potential impact on key performance
indicators?
4. In the project aimed at reducing defects in a critical component, what
statistical process control techniques were employed by PMI, and how did
they monitor and take corrective actions?
5. Could you elaborate on how PMI conducted value stream analysis and
redesigned their production layout to reduce lead time and improve on-time
delivery?
6. What were some of the challenges faced by PMI during the implementation of
Lean Six Sigma, particularly regarding resource allocation and external
expertise?
7. How did PMI balance the pursuit of efficiency through Lean Six Sigma with
other aspects of their business operations, such as innovation, employee
engagement, and long-term sustainability?
8. Were there any qualitative aspects that were overlooked by Lean Six Sigma’s
quantitative data analysis approach, and how did PMI address those aspects
to ensure a holistic improvement?
9. Can you provide insights into the training programs implemented by PMI to
foster a culture of continuous improvement and employee engagement?
10. What potential risks or drawbacks should other manufacturing companies be
aware of when considering implementing Lean Six Sigma, based on the
experiences and limitations observed in PMI’s case?
Could you please explain some of the main funding tools for a new venture?
Could you please explain some of the main legal forms for a new venture?
How would you describe and explain the existing relationship about the funding instruments (tools) and the legal ownership selected for the new
venture by the entrepreneur?
How do you know when you have included enough “intelligence” in a decision support
system? Provide 3 examples of user interfaces that support your answer.
This assignment will focus on organizational change and the challenges associated with change. For this assignment you are speaking to an audience and must create a PowerPoint Presentation that addresses the following questions:
Discuss the positives and negatives of organizational change.
Discuss approaches managers should use with employees to get them to embrace change.
An introduction slide that welcomes your listeners and includes what you plan to discuss on slides 3, 4, and 5.
A slide listing the potential positive impacts of organizational change.
A slide listing the potential challenges to organizational change.
A slide for approaches managers may use to help employees embrace change.
A summary slide addressing the key points of your presentation.
Include comments that you plan to say to your audience in the Notes section below each slide, beginning with your title slide.
Items to be discussed:
– Cricket, Indian television and the Indian Cricket League
– Marketing and Promotion
– The founding of the Indian Premier League (IPL) and the IPL Buisness Model
– Financing and the estimated IPL franchise profit/loss
– Leveraging assists, liabilities,, growth accelerators, and grow inhibitors
– recommendation and evaluation of the IPL
In your company code of ethics, please include the following elements:
guiding principles,
purpose of the code,
core values,
training and education,
definitions,
what employees it covers,
how it will be implemented/communicated,
how it will be enforced and reported,
mission statement, and
any other pertinent elements you feel necessary to have a comprehensive code of ethics.
The evaluation part is to include the following elements:
stakeholders,
strategic ethical formulation,
strategic ethical implementation,
ethical monitoring mechanisms, and
ethical performance.
Please include a short introduction and background of the company/organization and a summary of the code of ethics and evaluation in the paper.
At least five references may include Internet sources, books, professional journals, or other pertinent resources.
Identify a current company, organization, or corporation that has engaged in innovative and purposeful restructuring of its business architecture.
Address the elements (organizational structure and development, strategic planning, cross-functional teams, ethical considerations, information technology, and Industry 4.0) and
Write 500 words with APA-formatted paper discussing how successful the selected company has been in evolving to meet current regional and, if applicable, global business challenges.