Learning Goal: I’m working on a management report and need guidance to help me learn.Susans Consulting Company (SCC) – Problem Overview Susans
Consulting Company (SCC) has been in business for ten years and has
experienced a significant turnover in the project management group,
which has prompted senior leadership to investigate. A
preliminary review by senior leadership has determined that Project
Managers are frustrated with the amount of required project management
documentation, which has impacted their ability to manage projects
successfully. A
recent review of the project management process has determined that SCC
has spent between 30-40% of its total project budget on projects’
overhead costs to include project management costs. A review of industry
standards is between 5-15% higher than most companies. In addition,
senior leaders found that projects are being delivered between 25% and
50% over budget and late 95% of the time.Note:
Project Management overhead includes the PM’s time managing the
project, attending meetings, and developing the required documentation.
SCC Request: SCC
has reached out to your team because you are experts in defining
project management processes and delivering projects on time. The SCC
request includes the following: The development of a new project management process which at a minimum should include the following:
The ability to track issues, risks, changes
The
ability to view project activities consists of a view of what has been
completed and what activities the team is working on over the next
reporting period
The
company must have a view into total life cycle project costs to include
what has been spent to date, baseline budget, any changes to the
budget, remaining budget, and cost of the project at completion
In
addition, to the new process request, SCC has a new project they need
to complete by the end of the year with a limited budget and no project
management staff.
Assignment Identify
a project manager – this individual is responsible for the team
assignment ensuring that team members are completing their assigned work
on time.
I will act as the sponsor both for the project and for the methodology build-out. Any questions should be directed to me.
The group assignment has two parts Part 1: Build a Methodology
Identify and descript the methodology to be used by the company. Both a narrative and pictorial representation is required.
Identify and describe the deliverables which must be completed for each project by the project team.
Identify
and describe the process the Project Management Office should use when
reviewing changes to the methodology, this should include cadence for
the process reviews.
Identify
the prioritization technique the project manager will use to prioritize
work delivered in the process. Look at options like PV, IRR, NPV, Pay
Back Period
Identify and describe any risks you see with the new process and mitigation strategies.
Identify and describe the optimum organizational structure for your methodology.
Identify and describe the life cycle costing model for your methodology
Part 2: Project Description In addition to building a methodology, SCC has hired you to complete a high-profile project using your new methodology.
Project Description:
Develop algorithm(s) to monitor user activity on the internet, the
algorithms should work on the following applications used by the
business today.
Application A
Application B
Application C
Application X
Application Y
Application Z
Project Costs:
Given
the critical nature of the project, the company has provided the
following information in terms of cost for each application.
Year
0 is the projected cost the company has estimated for the build of the
component. This includes a 15% overhead cost for project management
work
Year 1-Year 5 is the amount of revenue the company has estimated for the product
The Acceptable Rate of Return for all projects with the company is 10%
Part 2A: Project Requirements
Your paper should include the following information: Project scope statement
Using the methodology outlined above, describe each phase of the project and its deliverables
Using your defined project management process outlined above, describe the life cycle model for this project
Create
a WBS for the project. Remember your WBS is a deliverable base, so
there should be a section of your WBS which outlines our project
management deliverables
Using your defined prioritization process, prioritize each application.
Using
the defined organizational structure, create a pictorial and narrative
description of the organizational structure for the project.
Identify at least ten potential stakeholders for your project.
Identify
at least five risks to include both threats and opportunities
associated with the project. For each risk, please include the
following information:
Category
Impact
Probability
Description of the risk
Mitigation Strategy
Paper Requirements:
The paper should be between 15-20 pages and should include:
Title Page
Reference Page
Table of Content
Your paper should include APA format (Times New Roman, font size 12, double-spaced, proper grammar, and reference list)
Your paper should utilize at least one outside scholarly or professional source related to project management
Your paper should include an Abstract, Introduction, and Conclusion