{"id":22048,"date":"2023-06-15T13:33:30","date_gmt":"2023-06-15T13:33:30","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/case-study-in-project-management-wk7\/"},"modified":"2023-06-15T13:33:30","modified_gmt":"2023-06-15T13:33:30","slug":"case-study-in-project-management-wk7","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/case-study-in-project-management-wk7\/","title":{"rendered":"case study in project management wk7"},"content":{"rendered":"

Using the knowledge you have
\ngained throughout this course and utilizing the information provided in the
\nlectures, evaluate the scenario and provide Olaf with a plan of action for the
\nfuture that attacks the problems he has identified. Be specific and provide
\nexamples that relate to Wireless Telecom Company in a 1- to 2-page Word essay.<\/span><\/p>\n

 <\/span><\/b><\/h2>\n

Maximum Megahertz Project<\/span><\/b><\/h2>\n

Scenario:<\/span><\/p>\n

Olaf
\nGundersen, the CEO of Wireless Telecom Company, is in a quandary. Last year he
\naccepted the Maximum Megahertz Project suggested by six up-and-coming young
\nR&D corporate stars. Although Olaf did not truly understand the technical
\nimportance of the project, the creators of the project needed only $600,000, so
\nit seemed like a good risk. Now the group is asking for $800,000 more and a 6-month
\nextension on a project that is already 4-months behind. However, the team feels
\nconfident they can turn things around. The Project Manager and project team
\nfeel that if they hang in there a little longer, they will be able to overcome
\nthe roadblocks they are encountering\u2014especially those that reduce power,
\nincrease speed, and use a new technology battery. Other managers familiar with
\nthe project hint that the power pack problem might be solved, but “the
\nbattery problem will never be solved.” Olaf believes he is locked into
\nthis project; his gut feeling tells him the project will never materialize, and
\nhe should get out. John, his Human Resource Manager, suggested bringing in a
\nconsultant to axe the project.<\/span><\/p>\n

Olaf
\ndecided to call his friend Dawn O’Connor, the CEO of an accounting software
\ncompany. He asked her, “What do you do when project costs and deadlines
\nescalate drastically? How do you handle doubtful projects?” Her response
\nwas, “Let another Project Manager look at the project. Ask: ‘If you took
\nover this project tomorrow, could you achieve the required results, given the
\nextended time and additional money?’ If the answer is no, I call my top
\nmanagement team together and have them review the doubtful project in relation
\nto other projects in our project portfolio.” Olaf feels this is good
\nadvice.<\/span><\/p>\n

Unfortunately,
\nthe Maximum Megahertz Project is not an isolated example. Over the last
\n5-years, there have been three projects that were never completed. “We
\njust seemed to pour more money into them, even though we had a pretty good idea
\nthe projects were dying. The cost of those projects was high; those resources
\ncould have been better used on other projects.” Olaf wonders, “Do we
\never learn from our mistakes? How can we develop a process that catches errant
\nprojects early? More importantly, how do we ease a Project Manager and team off
\nan errant project without embarrassment?” Olaf certainly does not want to
\nlose the six bright stars on the Maximum Megahertz Project. <\/span><\/p>\n

Olaf
\nis contemplating how his growing telecommunications company should deal with
\nthe problem of identifying projects that should be terminated early, how to
\nallow good managers to make mistakes without public embarrassment, and how they
\nall can learn from their mistakes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Using the knowledge you have gained throughout this course and utilizing the information provided in the lectures, evaluate the scenario and provide Olaf with a plan of action for the future that attacks the problems he has identified. Be specific and provide examples that relate to Wireless Telecom Company in a 1- to 2-page Word […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[1112],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/22048"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=22048"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/22048\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=22048"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=22048"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=22048"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=22048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}