Identify and appraise the project risk categories Apply the categories by identifying the risks for the case study project
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Operation management
Identify and appraise the project risk categories
Apply the categories by identifying the risks for the case study project
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?identify and explain the different types of feasibility study to perform before the start of a project
- Subject: Construction Quality Management In planning projects, it is essential that planners bring out critical project characteristics so that the project manager may direct the work toward completion. Discuss the criteria for project managers that encompasses four areas which must be considered during planning and the plan must include the provisions to support these actions.What is the primary purpose of conducting a feasibility study in project management?3 With reference to construction projects, critically discuss the contents of a project quality plan. Your response should refer to relevant examples
- Kloppenborg et al. (2018:392) defines project quality as characteristics of a product or service that bear on its ability tosatisfy stated or implied needs. Judging from the case study, the quality of the Harmon Hotel project has a lot to be desired. Using the core value of Total Quality Management (TQM), critically discuss how the Harmon Hotel project manager couldhave better managed the quality of the project. Ensure that each value is discussed in detailWhich 10 risks are related to IT project management?What are the questions to ask to estimate the viability of a DMAIC project
- Below are the concerns contractors should necessary consider before tendering for projects. Explain -Requirements for the project -Estimated project costs - Human resource capabilities -Business capabilities match - The bid management groupCASE STUDY 2: Mamat is a marketing executive in AXA Bhd. He has been working with the company for about a year. The job required Mamat to travel several days a month. Since he is not married Mamat does not mind the travel. He enjoys the variety and the change of working environment. Furthermore, the company reimburses him for his travel expenses. On his recent out-of-town trip, he was accompanied by Hassan, his supervisor, and friend. While discussing the reimbursement for the trip, Hassan told him to increase the number of his cab fares since the driver only stamped the receipt letting them fill out the amount themselves. As Mamat hesitated, Hassan told him “I’ve been with the company for more than six years, I should know what’s okay to do”. As Mamat was filling out his claim form, he knew if he did pad the cab fares, his total would conflict with Hassan’s. 1) What courses of action are open to Mamat? Give FIVE [5] the course would you recommend he take? Why?With an aid of a diagram, show the relationship between risk assessment and risk management.