Running head: UNIT III PROJECT 1
UNIT III PROJECT 2
Unit III Project
Sonia I. Armstrong
Columbia Southern University
Part 1
Please complete Case Study 3.1: Keflavik Paper Company on pages 111-113, and respond to the questions for discussion. Please make sure that each question is answered thoroughly using a minimum of 200 words for each case study question.
1. Pinto discusses four different methods to screen projects, they are as follows: checklist model, simplified scoring models, analytical hierarchy process, and finally profile models. Each one of these models can be used in different project situations. All of the methods have pros and cons, therefore you must carefully select the method that best fits the project. For example, “the scoring model has a limitation that for a new user, ease of use may blind novice users to the false assumptions that underlie” (Pinto, 2016, p. 84). One advantage of the profile model is “it offers another method by which to compare project alternatives, in terms of risk/return trade-off” (Pinto, 2016, p. 85). Constantly relying on the same screening method leads to tunnel vision or a one-size fits all type of mentality. Keflavik company was selecting projects that were diverse and not matched to their strategic goals and applying the same screening method which lead to difficulty in management.
2. There are six criteria when screening models according to Pinto that should be considered and they are as follows: realism, capability, flexibility, ease of use, cost and comparability. Realism says that the project must fit into the firm or companies strategic goals. Selecting projects that are outside the company’s strategic goals lead to loss of resources. Capability says “the project must be flexible enough to respond to changes in the conditions which projects are carried out” (Pinto, 2016, p. 78). Flexibility says that the project must be able to change easily when the situation requires. Ease of use says the model must be easy to use, even for the most junior employees working on the project. Cost says that the model must be cost effective. Finally, comparability allows for the model to be used in multiple projects.
3. The case of the Keflavik Paper Company demonstrates or confirms how dangerous the method of using the same screening method for a number of different projects can be for a company. The choices to select projects that did not fit into the company’s mission or goal bled into other areas causing negative effects such as projects being over budget, late projects, and performance has been inconsistent. The project manager found it difficult to manage all the different projects because they were so mismatched. Project managers could not apply lessons learned from project to project because of how diverse the projects were from each other. This caused a lot of failure in keeping projects within time and budgets constraints.
Part 2
Please complete the Case Stud.
Running head UNIT III PROJECT1 UNIT III PROJECT2.docx
1. Running head: UNIT III PROJECT
1
UNIT III PROJECT 2
Unit III Project
Sonia I. Armstrong
Columbia Southern University
Part 1
Please complete Case Study 3.1: Keflavik Paper Company on
pages 111-113, and respond to the questions for discussion.
Please make sure that each question is answered thoroughly
using a minimum of 200 words for each case study question.
1. Pinto discusses four different methods to screen projects,
they are as follows: checklist model, simplified scoring models,
analytical hierarchy process, and finally profile models. Each
one of these models can be used in different project situations.
All of the methods have pros and cons, therefore you must
carefully select the method that best fits the project. For
example, “the scoring model has a limitation that for a new
user, ease of use may blind novice users to the false
assumptions that underlie” (Pinto, 2016, p. 84). One advantage
of the profile model is “it offers another method by which to
compare project alternatives, in terms of risk/return trade-off”
(Pinto, 2016, p. 85). Constantly relying on the same screening
2. method leads to tunnel vision or a one-size fits all type of
mentality. Keflavik company was selecting projects that were
diverse and not matched to their strategic goals and applying
the same screening method which lead to difficulty in
management.
2. There are six criteria when screening models according to
Pinto that should be considered and they are as follows: realism,
capability, flexibility, ease of use, cost and comparability.
Realism says that the project must fit into the firm or companies
strategic goals. Selecting projects that are outside the
company’s strategic goals lead to loss of resources. Capability
says “the project must be flexible enough to respond to changes
in the conditions which projects are carried out” (Pinto, 2016,
p. 78). Flexibility says that the project must be able to change
easily when the situation requires. Ease of use says the model
must be easy to use, even for the most junior employees
working on the project. Cost says that the model must be cost
effective. Finally, comparability allows for the model to be used
in multiple projects.
3. The case of the Keflavik Paper Company demonstrates or
confirms how dangerous the method of using the same screening
method for a number of different projects can be for a company.
The choices to select projects that did not fit into the company’s
mission or goal bled into other areas causing negative effects
such as projects being over budget, late projects, and
performance has been inconsistent. The project manager found
it difficult to manage all the different projects because they
were so mismatched. Project managers could not apply lessons
learned from project to project because of how diverse the
projects were from each other. This caused a lot of failure in
keeping projects within time and budgets constraints.
3. Part 2
Please complete the Case Study 3.2: Project Selection at Nova
Western, Inc. on pages 112-113, and respond to the questions
for discussion. Please make sure that each question is answered
thoroughly using a minimum of 200 words for each case study
question.
1. There were two different methods employed for this decision
making process, one was the scoring method and the second was
a financial analysis, each of these methods brought about
different conclusions, which is expected because they are
different models. Just because they are evaluating the same
projects, does not mean that the methods will yield the same
results. They are two different models evaluating based on
different criteria which will of course yield different outcomes.
It is up to management which outcome is more important to the
company, financial gains or key strategic categories important
to the company. Advantages of the NPV model is it allows
firms to link project alternatives to financial performance, thus
saying use of those resources will generate the most profit
(Pinto, 2016). A disadvantage of the NPV model is that long
term, it is difficult to stay accurate on long term predictions.
One disadvantage of the scoring model is that because of its
ease of use, it may “blind novice users to the false assumptions
that sometimes underlie them” (Pinto, 2016, p. 84). An
advantage of the scoring method is that it is easy to use and tie
in the company’s strategic goals.
2. Since the company is concerned with the downturn of
operating revenues and profitability, I would choose the NPV
model and Project Janus to bring to the table because even in
the short term, profitability for the company is high. The NPV
model focuses on the time value of money. Although the project
does not score high in the scoring method is does still score
within a reasonable range for selection, meaning some of the
criteria are within the company’s strategic goals.
3. As stated before, different projects use different selection
4. methods and based on the company’s goals or needs at the time,
this will determine which selection method you use. It never
hurts to try different selection methods on the same project
either. In fact you should always try different selection methods
just to see how the projects score in the different methods. Use
brain storming sessions to talk about the outcomes of each
method. Project selection methods are very important to use in
every organization, especially if you want to remain competitive
and maintain positive results on all the company’s projects.
Part 3
Prepare a fictional group project. You may use one of the
following for your model:
enterprise resource planning (ERP) system implementation,
website development project,
a marketing plan for a new product,
a process improvement project, or
an information system development project.
**I will be selecting a process improvement project. I worked
for a process automation company and we did these types of
projects all the time, upgrading systems to the latest and
greatest distributed control systems (DCS) software.
Develop a statement of work for the project using the following
format:
background,
objectives,
scope,
tasks or requirements,
selection criteria,
deliverables or delivery schedule,
security,
5. place of performance, and
period of performance.
You may refer to the statement of work section in the textbook
on pages 150-151 as well as the template on Table 5.2 on page
152 for an example.
Statement of Work
Date Submitted: February 10, 2018.
Revision Number: 1
Project Name: PCS 7 Upgrade
Project Identification Number: 18-001
SOW Prepared by: Sonia Armstrong
Description and Scope
a. Summary of work requested. Buffalo Lake is requesting
a DCS upgrade of system software in order to be up to date with
the most current software for their ethanol plant.
b. Background. Buffalo Lake ethanol plant in Fairmont
Minnesota is in need of a DCS upgrade. The DCS is currently
running on Siemens PCS7 version 5.0, which in the technology
age is years behind. It is slower and is costing the company time
and money in small repairs here and there that force the plant to
shut down numerous times during the year. One shut down
could cost the plant thousands of lost dollars. The most current
PCS 7 is version 9.0 and even may have a few service pack
updates.
c. Description of major elements (deliverables) of the
completed project and Objectives. The objective of this project
is to upgrade Buffalo Lake with the latest Siemens PCS 7 DCS
software. Any documents prepared by the PM such as the plans,
schedules, work breakdown structures will be available to
Buffalo Lake upon request.
d. Scope. Buffalo Lake will receive a full upgrade of their
DCS software and all licenses that are required to run their
whole system. This includes all programming upgrades,
6. graphics updates, time on site to implement the new software,
training on use of new software and graphics, assistance starting
the plant back up after the software is implemented, and a
certain number of service hours after the upgrade team has left
the site in order to assist in problems that may come up.
e. Tasks or Requirements. The project manager will send
weekly and monthly updates to Buffalo Lake to keep them up-
to-date on the status of the project programming since that is
the bulk of time and work will take place. The project manager
requires the assistance of plant workers for plant shut down,
instrument testing during shut down and workers for startup.
f. Selection Criteria. The objective standard here is for
Buffalo Lake to be upgraded with new software within the 6
month timeframe allowed.
Part 4
Next, create a work breakdown structure (WBS) for the project.
What are the key steps, including work packages, tasks, and any
related subtasks for the project? You may refer to the Integrated
Project in Chapter 5 on page 182 of the textbook for an
example.
Work Breakdown Structure
The work breakdown structure is “a hierarchical
decomposition of the project scope into work items or packages
to be executed by the project team to produce the project
deliverables” (Gido & Clements, 2012, p. 486). As part of the
software upgrade project, VFT will be responsible for
performing tasks throughout various stages of the project. The
following is a list of these tasks which will result in the
successful completion of the project: Kickoff, design and build
phase, implementation phase and project handoff/closure phase.
7. Part 5
Please use at least four fictional group members, and create a
responsibility matrix. You may refer to the Integrated Project in
Chapter 5 on page 183 of the textbook for an example.
CHARLES
JORGE
JANAN
DEBI
KICKOFF
PROGRAMMING/GRAPHICS
TEST PROGRAM
ONSITE IMPLEMENTATION
PROJECT HANDOFF/CLOSURE
8. RESPONSIBLE
SUPPORT
NOTIFICATION
APPROVAL
References
Gido, J., & Clements, J. (2012). Successful project management
(5 th ed.). Mason, OH: South -Western.
Pinto, J. K. (2016). Project management: Achieving competitive
advantage (4th ed.). Boston, MA: Pearson.
Classmate work
October 27, 2018
Psychology of Entrepreneurship and Intrapreneurship
PSYC305-1804A-01
Mayberry
Unfamiliar with the Web 2.0 technology, doing the research
has been quite interesting. Seeing that the platform is more
diverse in communication, and reaching out in education and
business. Learning about it, Web 2.0 is better than the Web 1
series, and it has more to offer for any small or large company
that want to interact more with the people who help contributed
to the growth and development of the business.
Reading information about Web 2.0 in the Journal of Research
in Marketing and Entrepreneurship, article by Brian Jones and
Norma Iredale, stated in many forms that Web 2.0 and its social
nature assist with the creation of marketing opportunities by
learning views shared together through online exchange. It also
brings upon challenges and opportunities in other sections,
9. education management, and secures the reputation of the
business. (para. 1)
Web 2.0 has been introduced in universities, schools, and
colleges for their students, staff and facility can communicate
with each other through one or a couple of sites on the social
web. Businesses are using the platform for stakeholders,
employees, and consumers to teach and to discuss different
matters. It creates the space for teaching, assessments, and
learning entrepreneurship education. (para. 2) Web 2.0’s
presence on the social web is supposedly on a communication
level. It show its more responsive, speedy, more effective in
participation, and overall interactive. More businesses are
jumping on this to make it happen for the stakeholders before
the bottomline, brand, image, and reputation can be badly
affected, or a success. (para. 4)
Elements that makes up Web 2.0
· Wikis
· Newsgroups
· Social networking and bookmarking
· Podcasts
· Chat room
· Forums
· Blogs
· and Mail groups (Jones and Iredale, 2009.)
A few examples of the usage of Web 2.0. One is from
Britannica.com that states:
· One of Internet’s top bookstore, Amazon innovated that the
total sales of the niche titles that went passed the mass market
competition. The niche book’s quantity are the percentage of
the higher sales of a handful of titles. Ecommerce was a new
world for much more needed space. ( Britannica.com)
· Margaret Rouse made examples in TechTarget of how
Wikipedia and social networking was also examples. Wikipedia
is one of the oldest, best known wiki-based sites that allow its
10. users to edit, contributed, and collaborated with the material on
the site.
· Social networking, the infamous Facebook, Google+ that got
recently dismissed, Twitter that is adding more characters to its
posts, and LinkedIn, business world for business minds. (Rouse,
n.d.)
(I hope I understood this right…feel free to correct me)
On KB Manage’s website, Kirton’s adaptation theory would
explained that the new entrepreneur that start off everything
from scratch technique would be on the creative adapters
because of their risks and styles of running a business. And the
intrapreneur that have been working at a business know what
need to be improved more quickly that someone who just started
a business. So it would be in the creative innovators side and
score on who and how can they redevelop a service or product
with limited resources and finances. (kbmanage.com)
References Cited:
· Jones, Brian and Iredale, Norma. (2009.) Entrepreneurship
education and Web 2.0. Leeds Beckett University. Journal Of
Research in Marketing and Entrepreneurship.
Entrepreneurship_educational. pdf
· KB Manage. (n.d.) Adaptation Innovation Theory- What is it?
Definition, examples, and more. Retrieved
from https://www.kbmanage.com/concept/adaptation-
innovation-theory
· Rouse, Margaret. (n.d.) Retreived
from https://whatis.techtarget.com/definition/Web-20-or-Web-2
Running head: UNIT III PROJECT
1
11. Part 1:
UNIT III PROJECT 7
Unit III Project
Odell Kruah
Columbia Southern University
Part 1
Please complete Case Study 3.1: Keflavik Paper Company on
pages 111-113, and respond to the questions for discussion.
Please make sure that each question is answered thoroughly
using a minimum of 200 words for each case study question.
Part 2
Please complete the Case Study 3.2: Project Selection at Nova
Western, Inc. on pages 112-113, and respond to the questions
for discussion. Please make sure that each question is answered
thoroughly using a minimum of 200 words for each case study
question.
Part 3
Prepare a fictional group project. You may use one of the
following for your model:
12. a. enterprise resource planning (ERP) system implementation,
b. website development project,
c. a marketing plan for a new product,
d. a process improvement project, or
e. an information system development project.
Develop a statement of work for the project using the following
format:
1. background,
2. objectives,
3. scope,
4. tasks or requirements,
5. selection criteria,
6. deliverables or delivery schedule,
7. security,
8. place of performance, and
9. period of performance.
You may refer to the statement of work section in the textbook
on pages 150-151 as well as the template on Table 5.2 on page
152 for an example.
Part 4
Next, create a work breakdown structure (WBS) for the project.
What are the key steps, including work packages, tasks, and any
related subtasks for the project? You may refer to the Integrated
Project in Chapter 5 on page 182 of the textbook for an
example.
Part 5
13. Please use at least four fictional group members, and create a
responsibility matrix. You may refer to the Integrated Project in
Chapter 5 on page 183 of the textbook for an example.
References