What termination method does it appear the company is using with the regency project (provide support from the case) How would you describe team members attitude to a project they consider as a candidate for unnatural termination? Why would you suspect Harry shapiro has a role in keeping the project alive?
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.
The Project That Wouldn’t Die
Ben walked into his boss’s office Tuesday morning in a foul mood. Without wasting any time
on pleasantries, he confronted Alice. “How on earth did I get roped into working on the
Regency Project?” he asked, holding the memo that announced his immediate transfer. Alice
had been expecting such a reaction and sat back a moment to collect her thoughts on how to
proceed. The Regency Project was a minor legend around the office. Begun as an internal audit
of business practices 20 months earlier, the project never seemed to get anything accomplished,
was not taken seriously within the company, and had yet to make one concrete proposal for
improving working practices. In fact, as far as Ben and many other members of the company
were concerned, it appeared to be a complete waste of time. And now here Ben was, assigned
to join the project! Ben continued, “Alice, you know this assignment is misusing my abilities. Nothing has come from Regency; in fact, I’d love to know how top management, who are usually so cost conscious, have allowed this project to continue. I mean, the thing just won’t die!”
Alice laughed. “Ben, the answer to your question can be easily found. Have you
bothered taking a look at any of the early work coming out of Regency during its first three
months?” When Ben shook his head, she continued, “The early Statement of Work and other
scope development was overseen by Harry Shapiro. He was the original project manager for
Regency.”
All of a sudden, light dawned on Ben. “Harry Shapiro? You mean Vice President Harry
Shapiro?” “That’s right. Harry was promoted to the VP job just over a year ago. Prior to that, he
was responsible for getting Regency off the ground. Think about it—do you really expect Harry
to kill his brainchild? Useless or not, Regency will be around longer than any of us.”
Ben groaned, “Great, so I’m getting roped into serving on Harry’s pet project! What
am I supposed to do?” Alice offered him a sympathetic look. “Look, my best advice is to go into it with good intentions and try to do your best. I’ve seen the budget for Regency, and top management has been trimming their support for it. That means they must recognize the project isn’t going well. They just don’t want to kill it outright.”
“Remember,” Alice continued, “the project may not die because Harry’s so committed to it,
but that also means it has high visibility for him. Do a good job and you may get noticed? Then
your next assignment is bound to be better.” Alice laughed. “Heck, it can’t be much worse!”
Required:
- What termination method does it appear the company is using with the regency project (provide support from the case)
- How would you describe team members attitude to a project they consider as a candidate for unnatural termination?
- Why would you suspect Harry shapiro has a role in keeping the project alive?
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