Identify preliminary set of tangible and intangible costs

Assignment Help Operation Management
Reference no: EM131703769

Now that the “No Customer Escapes” project team has been formed and that a plan had been developed for distributing project information, Jim began working on the project’s scope statement, workbook, and Baseline Project Plan. He first drafted the project’s scope statement and posted it on the project’s intranet (see PE Figure 5-1). Once posted on the intranet, he sent a short email message to all team members requesting feedback. Minutes after posting the project charter, Jim’s office phone rang. “Jim, it’s Sally. I just looked over the scope statement and have a few comments.” “Great,” replied Jim, “It’s just a draft. What do you think?” “Well, I think that we need to explain more about how the system will work and why we think this new system will more than pay for itself.” “Those are good suggestions; I am sure many others will also want to know that information. However, the scope statement is a pretty highlevel document and doesn’t get into too much detail. Basically, its purpose is to just formally announce the project, providing a very highlevel description as well as briefly listing the objectives, key assumptions, and stakeholders. The other documents that I am working on, the workbook and the Baseline Project Plan, are intended to provide more details on specific deliverables, costs, benefits, and so on. So, anyway, that type of more detailed information will be coming next.” “Oh, OK, that makes sense. I have never been on a project like this, so this is all new to me,” said Sally. “Don’t worry,” replied Jim, “Getting that kind of feedback from you and the rest of the team will be key for us doing a thorough feasibility analysis. I am going to need a lot of your help in identifying possible costs and benefits of the system. When we develop the Baseline Project Plan, we do a very thorough feasibility analysis—we examine financial, technical, operational, schedule, legal and contractual feasibility, as well as potential political issues arising through the development of the system.” “Wow, we have to do all that? Why can’t we just build the system? I think we all know what we want,” replied Sally. “That is another great question,” replied Jim. “I used to think exactly the same way, but what I learned in my last job was that there are great benefits to following a fairly formal project management process with a new system. By moving forward with care, we are much more likely to have the right system, on time and on budget” “So,” asked Sally, “What is the next step?” “Well, we need to do the feasibility analyses I just mentioned, which becomes part of the project’s Baseline Project Plan. Once this is completed, we will have a walkthrough presentation to management to make sure they agree with and understand the scope, risks, and costs associated with making ‘No Customer Escapes’ a reality,” said Jim. “This is going to be a lot of work, but I am sure I am going to learn a lot,” replied Sally. “So, let me get to work on the feasibility analyses,” said Jim. “I will be sending requests out to all the team members to get their ideas. I should have this e-mail ready within an hour or so.” “Great, I’ll look for it and respond as soon as I can,” answered Sally. “Thanks, the faster we get this background work done, the sooner we will be able to move on to what the system will do,” replied Jim. “Sounds good, talk to you later. Bye,” Sally said. “Bye, Sally, and thanks for your quick feedback,” answered Jim.

Case Questions

900_Untitled.png

1. Look over the scope statement (PE Figure 5-1) If you were an employee at Petrie Electronics, would you want to work on this project? Why or why not?

2. If you were part of the management team at Petrie Electronics, would you approve the project outlined in the scope statement in PE Figure 5-1? What changes, if any, need to be made to the document?

3. Identify a preliminary set of tangible and intangible costs you think would occur for this project and the system it describes. What intangible benefits do you anticipate for the system?

4. What do you consider to be the risks of the project as you currently understand it? Is this a low, medium, or high-risk project? Justify your answer. Assuming you were part of Jim’s team, would you have any particular risks?

5. If you were assigned to help Jim with this project, how would you utilize the concept of incremental commitment in the design of the Baseline Project Plan?

6. If you were assigned to Jim’s team for this project, when in the project schedule (in what phase or after which activities are completed) do you think you could develop an economic analysis of the proposed system? What economic feasibility factors do you think would be relevant?

7. If you were assigned to Jim’s team for this project, what activities would you conduct in order to prepare the details for the Baseline Project Plan? Explain the purpose of each activity and show a timeline or schedule for these activities.

8. In Case Question 4, you analyze the risks associated with this project. Once deployed, what are the potential operational risks of the proposed system? How do you factor operation risks into a systems development plan?

Reference no: EM131703769

Questions Cloud

What will be the inspection cost per unit : There is a 4 percent error rate at a specific point in a production process. If an inspector is hired, what will be the inspection cost per unit?
What is the implication of this lifetime value calculation : Calculate the lifetime value of (i) a satisfied consumer; and (ii) a highly satisfied consumer. What is the implication of this lifetime value calculation? ?
Describe the ethical challenge that was faced : Identify and describe the ethical challenge that was faced; what were the differing points of view or choices that were presented?
Does this game have any pure-strategy nash equilibrium : Does this game have any pure-strategy Nash equilibrium? Find a mixed-strategy Nash equilibrium to this game and explain your calculations.
Identify preliminary set of tangible and intangible costs : Identify a preliminary set of tangible and intangible costs you think would occur for this project and the system it describes.
About your competitive advantage : Tell me what your personal competitive advantage is
Calculate a weighted scoring model : Calculate a weighted scoring model. Decide on qualitative factors that you think are important in this decision, e.g. location near R&D, quality,
Leader can do to keep meeting discussion on target : What are the most important things a leader can do to keep a meeting discussion on target?
Occurred because of their differences in goals and values : Angela and Ralph are engaged in a conflict between individual members of the organization that has occurred because of their differences in goals and values.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd