Critical Thinking Project ISDS 3711-050 Prepared For Dr. Michael Cervetti Prepared By Michael McCaffrey 9 December 2014 Part 1 – Framing the Project Portfolio Management Problem Develop a decision framework for project portfolio management at XYZ highlighting objectives, constraints, risks involved, alternatives, and information required for analysis. Objectives To organize and prioritize the current and future projects in the pipeline in a way that fits into the PMB budget of $5B, and ensures projects that increase sales, growth, and stockholder value are of top priority, whereas projects that are not beneficial are either put on hold or discarded. Constraints XYZ operates on a strict budget, and must make …show more content…
NME’s provide a higher return, but rarely make it to market compared to LCM products. The displacement of excess funds can either be invested into further research or be distributed to employees annually. If reinvested, additional capital could be used to further fund NME’s, or to market LCM’s. Evaluating individual projects and devoting special attention to their expected profitability or fit could produce alternatives as well. General Practitioner (GP), Niche, and Specialized products also offer additional lines of alternative products for evaluation and consideration. Information Required Collecting information from R&D, Project Teams, Marketing and Strategic Planning will provide the resources, costs, timing, risks, and opportunities associated with products and the market and will indicate their weight on overall operations. Additional information regarding projects probability of success, their ROI, and market life span will help with prioritizing them, deciding which to undertake, and how to introduce them into the market. Project specific information needed would be the phase, launch year, probability of success, projected sales, and pre-launch costs that include R&D, in order to value each project specifically. Part 2 – Project Valuation Evaluating the risks, calculating the probability of success, and factoring in the projected profit from sales will provide a clearer NPV to be compared with other projects in the
One key responsibility of working as a manager is to recognize the best way to organize and run an organization. A manager who can work with and put into motion the structure and plans of a company is very important to the life of the organization. Chief Executive Officer of Chick-fil-A Dan T. Cathy is an example of such a manager and business owner. Chick-fil-A began its journey in 1960 in Hapeville, Ga. Since then the second
With numerous rewards and recognition under its label, it is now one of the most chosen CRM option in cloud computing. All the initiatives undertaken by it are sustainable, so the impact is hugely reduced on the planet as a whole.
For the given two projects versioning alpha and beta, Identifying potential projects as part of their strategic planning process, amongst different techniques of gauging project, Phyllis adopted two techniques they are:
As of 2008, there are approximately 765,000 personnel employed as sworn officers in local and state law enforcement agencies throughout the United States (BJS, 2011) with an additional 105,000 law enforcement personnel in approximately 65 federal agencies as of 2004 (BJS, 2006).
In order to better understand the concepts of organizational behavior, several key terms need to be defined and explained. Some of these key terms include organizational behavior, organizational culture, diversity, communication, organizational effectiveness and efficiency, and organizational learning. To get a better understanding of each of these terms, examples will be given for each term as it applies to National Gypsum Company.
The owner of Creative Colors has taking my advice regarding restructuring and downsizing the company. The organization is now operating much more efficiently and has seen revenues begin to climb in its retail stores. With the improving economic climate in the region and the growing strength of the U.S. dollar compared to the Canadian dollar, the owner now sees an opportunity to acquire a regional competitor, Art Depot, based in Vancouver, Canada. The Owner of Creative Colors wants to expand the retail service capacity of Creative Colors by bringing Art Depot’s two retail stores (both located in Vancouver,
Ideas for the capabilities and governance also came from the lectures, readings, and previous case work. Although the specifics are much different in that the standardization of equipment is not common between them, the cases all need better business-IT partnerships and oversight. Looking for what makes them similar and different gave a unique perspective to each case.
Most employers use the test to calculate complex personality matches between employees when placing them on groups or teams in the business.
Most organizations have a so many factors to consider when prioritizing IT projects. In reality, IT
McShane and Von Glinow state that “the best organizational structure depends on the organization’s external environment, size, technology, and strategy” (409). To identify the best organizational structure for Protegé Engineering, I will first determine what ‘Organizational Structure’ means. In a second step I will analyze its elements and carve out the important components for the considered organization. Finally I will provide a conclusion and recommendation.
The report is based from the case study of Sir Charles Wilberforce Hospital, which aimed to investigate the major problems in leadership style, lack of communication and staff motivation.
Brayman, J., Grey, M. & Stearns, M. 2010, Taking Flight to Literacy and Leadership, Rowman & Littlefield, viewed 16 December 2010,
Stage 4 - Companies in this stage have broad analytic capabilities for solving local problems, but not at the organization level. Due to duplication of efforts and lack of appropriate employee skill sets and attitudes, the organization has some work to do to reach this level of analytical maturity. The CEO and executive team are supportive of analytical focus, but are not passionate about competing on this basis.
Suzy started the joy of chocolate with the main goal of surviving. Her consumer goals were to create gourmet chocolates to a very high standard, attention to detail and offering a unique product is a very important to Suzy as well as specialist chocolates for customer’s requirements.
He will need to communicate to them all as to how the restructuring will be done so that they all understand. They will need to know how this will affect the jobs they are doing.