In this unit, we focus on the controlling phase of the project. A part of the controlling phase is to provide performance updates to the project’s stakeholders. Reflect on the information that you would want to know as a project stakeholder. Do you think most stakeholders want to know more information or less information than the project manager may want to share? Explain your rationale.
Category: Operations Management
Elements of the project balanced scorecard (BSC)
Project managers often determine the project’s progress based on the elements of the project balanced scorecard (BSC), which includes the internal project, the customer, financing, and growth/innovation. For each of these areas of the project BSC, explain how the project manager would use each area to determine the progress made in the project during the execution phase. Discuss what might factor into how a project manager might prioritize or weigh these elements as they guide the team to project completion and success.
Work breakdown structure
What are some of the tools, (i.e., work breakdown structure, project scheduling, Gantt charts, and critical path), that you have previously used in a project? Which tool did you find to be most beneficial? Were there tools that you found to be cumbersome? Identify one tool that was not used that could have benefitted the project team. Explain the rationale for your answers.
Steps to begin the project
Consider a personal project that you have worked on in the past. What steps did you take to begin the project? How did the initiation phase help to provide more information for the planning phase? Based on your project outcome, would you, in hindsight, do anything differently in the initiation phase?
Type of organizational structure
Each project manager has their own style and preferences and, through experience, has learned which organizations and cultures are best suited for their project management style. As a project manager, reflect on what type of organizational structure you would prefer (or anticipate you would prefer) to be working in. What personal preferences or priorities lead you to this choice? Identify which aspects of culture you would be most concerned with as the project manager, and explain your rationale.
Operations Management
What is Frederic’s involvement in technology acquisition decisions? What are his main concerns when evaluating the capability of new equipment?
Operations Management
What is Frederic’s involvement in technology acquisition decisions? What are his main concerns when evaluating the capability of new equipment?
Operations Management
What is Frederic’s involvement in technology acquisition decisions? What are his main concerns when evaluating the capability of new equipment?
Operations Management
What is Frederic’s involvement in technology acquisition decisions? What are his main concerns when evaluating the capability of new equipment?
Adopting triple bottom line (TBL) as a business model
Your task is to draft an executive summary on why TBL is being adopted by companies as an ethical framework—a way of assuring sustainable and ethical commitments to CSR initiatives.
Address the following criteria in the executive summary:
• Identify the advantages and disadvantages of adopting the TBL model.
o Summarize what a company may gain from adopting the TBL model.
• Analyze how a balanced scorecard can assist a company in measuring its TBL performance.