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Application of project management concepts
Application of project management concepts
Project management theory
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Concept Application of Concept in the Scenario Reference to Concept in Reading
contingency reserve
The issue at Harrison-Keyes is the result of a lack of planning. While issues arose regarding vendors, the issues only pointed to Harrison-Keyes failure to truly grasp the necessity of building in contingency plans. The disaster of those around the company should never have an equally devastating impact on the company. While Harrison-Keyes has thought about contingency planning, their lack of solidifying plans is truly their biggest error.
It is imperative to note that some plans should have been more involved than others. A simple list and communication with alternative suppliers would have been a relatively easy and low cost method to prepare for the disaster that crippled Harrison-Keyes’ Asian supplier. While a much more involved and detailed contingency plan should have been in place for the risk of failure of the entire e-publishing project. The back-up plan for the e-publishing needed to be larger than simply replacing the CEO with someone who is less favorable to e-books than their predecessor. The plan needs to be broader in the sense that it could change an entire line of production, but it also needs to be specific enough, including great attention to detail, that it can lead the company to success.
As “the size of the contingency plan should be related to the uncertainty and risk involved,” (Gray & Larson, 2006)
Project control process
Project Controls would be essential in recognizing, and hopefully solving, a situation such as this. When sales were floundering in comparison to the projected goal, a proper measurement of such poor results would have identified this ear...
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...ant, they failed to realize that marketing in a place you want people to visit assumes they are already visiting. Since H-K has been a leader in publishing business, scientific, and technical information, it seems appropriate to put advertising in places we already know these people are in. It is the journals, the dailies and trade magazines that we can find the people that H-K needs to shift over. With efforts being made to address the right crowd in the right place, H-K can eventually look into other advertising methods. This will not take a lot of money; nor a lot of time. The company can look into the possibilities on its own, while working with a consultant, to see if they come up with similar ideas. Cross checking these ideas with readership statistics from the media themselves would aid in understanding who their efforts would be appearing directly in front of.
Thévenaz, C, and S.L Resodihardjo. "All the Best Laid Plans…conditions Impeding Proper Emergency Response." International Journal of Production Economics, 126.1 (2010): 7-21.
The purpose of this document is to compare and contrast three different Linux vendors in regards to their specific server and workstation OS products they offer in the workplace. In addition, I will discuss the price for each vendor, specifications, performance, and reliability. The three vendors I would like to discuss are Arch Linux, Red Hat Enterprise, and Ubuntu. Linux is an operating system that has several distros to choose from. Linux allows the user more control of the system and greater flexibility. As an open operating system, Linux is developed collaboratively, meaning no one company is solely responsible for its development or ongoing support. Companies participating in the Linux economy share research and development costs with
Projects are widely used by many organizations and government institutions in the course of conducting their business. One of the reasons for this is because they have been proven to be effective in initiating change and translating strategic programs into daily activities. However, it has been established that most projects fail to deliver on time, budget, and customer specifications. In most cases, this failure is caused by over-optimism by the project management team. This over-optimism commonly referred to as optimism bias can simply be defined as overestimating the projects benefits and conversely underestimating its cost and duration time. Research have portrayed that this is often caused by failure to properly identify, understand, and manage effectively the risk associated with the project therefore putting its success at jeopardy(Mott McDonald, 2002). Fortunately, this biasness can be detected and minimized during the project gateway process.
The high-risk, cyclical nature of our business demands a strong financial base. We must retain the capital resources to meet our current commitments and make substantial investments to develop new products and new technology for the future. This objective also requires contingency planning and
The first journal evaluated comes from an article in Business Horizons named "A Multi-faceted Approach to Crisis Management" that discusses the need for developing many parallel plans before disaster strikes. First and foremost, the article says that a crisis management team must be created for the mere anticipation of possible crisis events in order that recovery and rebuild of the organization may be conducted in an efficient manner. The team should be named and move into action. The first order of business for the new team should be developing worst case scenarios. In order for this next step to happen, the team must establish what business functions are mission critical and necessary for the survival of the organization. They must also understand and plan for the proper technology needed to back up these functions to be in place. After all of this is completed, the team needs to develop and distribute to all those involved a crisis management plan. It falls on management to ensure all parties stay current and trained on t...
...e steps that are required to be addressed while coming to deal with vendors. The Proposed idea, looks satisfactory in meeting the outcomes. One thing that should be ensured is that they should incorporate the clauses pertaining to risk in the plan.
The purpose of this report is to assess BP’s crisis management and communication plan to primarily analyze the possible failures in their response through a gathering of secondary data collected from various sources such as online journals, newspaper articles, blogs and case studies.
Defining the project scope is identifying all the work in details that the project will accomplish in order to achieve its final goal. The work includes the activities identified in the Log frame and the activities the project team has identified that will be necessarily to support the project and all the other circumstances surrounding that delivery of the project. Scope is very important in the definition of project requirements at the start of project life cycle and missing any part of the scope can cause unforeseen extra cost and variation to the project cost and even the final product, get something totally different than you would expect. Effective scope management is one of the key factors produce the project success.
Most people think the whole point of event planning, after all, is to plan an event and that’s it. But there is more to event planning than what most people think. We live in a world where crisis happens often, people only think of weather disasters and news reports, such as, hurricanes, tornados, earth quakes, shootings, kidnappings, terrorist’s attacks, plane crashes, etc. But most people do not acknowledge crisis in organizations, whether it is profit or non-profit companies, crisis happens more often than expected. Luckily, there are many of these organizations and companies that respond quickly when a crisis emerges. However, this is not always the case, but as an event planner there are countless disasters that can happen while planning for an event. Therefore, to be a successful event planner involves not only planning an event but also planning for the absolute worst case scenarios.
The communication process is not something that begins when a crisis rears its ugly head rather it is a process that takes place in preparing for a crisis before it happens. While the term crisis represents a blanket term used to describe many situations, each situation is unique, thus presenting different obstacles to overcome. However, with a well-established advanced plan in place an organization places itself in a position to overcome and work around obstacles. The development of a comprehensive crisis management plan is one achieved through effective communication where each member of the crisis management team has an advanced shared understanding of his or her role and responsibility during a time of crisis (du Pr'e, 2005).
Disaster Recovery Planning is the critical factor that can prevent headaches or nightmares experienced by an organization in times of disaster. Having a disaster recovery plan marks the difference between organizations that can successfully manage crises with minimal cost, effort and with maximum speed, and those organizations that cannot. By having back-up plans, not only for equipment and network recovery, but also detailed disaster recovery plans that precisely outline what steps each person involved in recovery efforts should undertake, an organization can improve their recovery time and minimize the disrupted time for their normal business functions. Thus it is essential that disaster recovery plans are carefully laid out and carefully updated regularly. Part of the plan should include a system where regular training occurs for network engineers and managers. In the disaster recovery process extra attention should also be paid to training any new employees who will have a critical role in this function. Also, the plan should require having the appropriate people actually practice what they would do to help recover business function should a disaster occur. Some organizations find it helpful to do this on a quarterly or semi-annual basis so that the plan stays current with the organization’s needs.
The lack of success at Omega, Inc. rested in the hands of an incompetent sales staff who were not informed of the company’s mission statement and goals. The staff received limited training on the jobs they were to perform. Omega was faced with the challenge of getting the employees to achieve their sales quotas. According to (Aguinis, 2007), “There are two important prerequisites required before a performance management system is implemented: knowledge of the organization’s mission and strategic goals and knowledge of the job in question.” The benefit of superior knowledge of the organization combined with clear and agreed upon mission and strategic goals of their unit would afford employees the opportunity to make contributions that will have a positive impact on the organization as a whole. In addition, one must possess the knowledge of the job in question to execute the tasks necessary to be done and how they should be done. This knowledge is obtained through a job analysis. Omega failed to implement strategic planning throughout all the franchises. According to Aguinis (2007), “Strategic planning allows an organizati...
In order to fully understand the concept of a contingency plan, there are a few aspects which need to be explored. We must first define what a contingency plan is, followed by an explanation of why contingency plans are so valuable. Furthermore, an analysis of the implementation of contingency plans should be performed. Lastly, a comparison of such plans from other industries should be done, in order to comprehend the differences in both purpose and criteria.
The strategies above deal with known risks that are at least partially within the enterprise’s control. In some cases, the company may have no control over the source of the risk; and can only respond after the fact. Uncontrollable risks require developing contingency plans, specifying how the company will react in the event the risk does occur (Kendrick, 2009). For example, a contingency plan may specify a succession plan if a key executive
Peck (2004). To Peck (2006), resilience brings the concept of an organisation’s “ability to absorb or mitigate the impact of the disturbance”. Contingency planning, which is interchangeably referred to as business continuity planning, is an approach to prepare for the possibility of future emergency or disruption. This approach involves continuous supplier assessment, development and maintenance of