Please read the Case study Franklin Equipment, Ltd.* in Chapter 11 page No 414 and answer the following Questions 1. Evaluate the criteria FEL uses to assign managers to project teams. What efficiencies do these criteria create? What are the resulting problems? 2. Why is it even more important that project team members work well together on international projects such as Project Abu Dhabi? 3. Discuss the dilemma that Jobe now faces.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Please read the Case study Franklin Equipment, Ltd.* in Chapter 11 page No 414 and answer the following Questions
1. Evaluate the criteria FEL uses to assign managers to project teams. What efficiencies do these criteria create? What are the resulting problems?
2. Why is it even more important that project team members work well together on international projects such as Project Abu Dhabi?
3. Discuss the dilemma that Jobe now faces.
1. The criteria used by FEL to assign managers to project team is very simple. They assign manages on the basis of their expertise and their availability to work on a new project. For example, A is an individual working on a project and his project is going to over by 20th July 2016 and the new project of similar field will be starting form 22nd of July 2016 then this employee will be shifted to new project which means that the manager who is not loaded with the current project will be assigned with new projects.
The employees are assigned on the grounds of their loyalty and the availability but not on the grounds of work he or she is performing. There are various problems due to these criteria as some of the members stop working effectively as they don’t want to take burden of complete their job before the stipulated time. They are not concerned about the work environment. As we have seen that two employees have a clash among themselves and none of the other members and top management tried to resolve the issue.
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