Project - 1054 Words

State University of New York Empire State College, MBA Program Course 651644: Tools and Processes in Project Management Summer 2013 term Instructor: Dr. Adams Assignment #1: X-philes Data Management Corporation: RFP Matters By Jose M Collazo What is the basis for the problem? There are two primary problems with how X-philes Data Management Corporation handled the request for proposal. The first one was the lack of communication by the managers who selected the same vendor for two different projects. This problem led to the creation of the second problem which is proper resource allocation. When dealing with multiple projects with the same vendor, the company runs the risk†¦show more content†¦This situation could have been avoided by following prudent project management principles. The managers at X-philes Data Management Corporation will need to stay aware of the production capabilities of their chosen vendors. According to Pinto, one of the first steps should be determining which projects will pose the greatest demand on the available resources of their chosen vendor. Once that is achieved those resources need to be set aside. The main objective is to realize that resource bottlenecks are likely to spring from unexpected peaks in resource n eeds relative to the number of projects under development. Consequently, this approach identifies these possible bottlenecks and uses them as the starting point for additional resource allocation (Pinto 2013). How would you handle this situation? It is critical that project managers communicate properly when scheduling outside contractors to avoid resource utilization issues. As Pinto states the complexity of dealing with vendors increases when we consider it within a multi-project environment, that is, when we try to schedule resources among multiple projects that are all competing for a limited supply of resources. No project or program exists in isolation (Engwall, 2003). In such circumstances, a number of options are available to project managers to find the optimal balance between multiple competing projects and finite resources. Among theShow MoreRelatedA Research Project On Project Management Essay1244 Words   |  5 Pagesinitiating or participating the process improvement projects. I feel that project management is a very broad term for any type of project that a company, or individual, uses to implement a change or improvement to a product or service. With this definition, I concluded that one of biggest projects I ever managed was when I was approached and began participating in a Greenbelt (PMP) project for a process that I utilize daily basis. 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Built a page that would allow exporting of this data to an SD card by the end user. †¢ WAAS Data Logging – Gathered WAAS data as it was beingRead MoreProject Scope Of A Project1679 Words   |  7 Pagesused for a project, the first step of any project would be to define the scope. The project scope will help define the work that needs to be done and is needed to establish a project timeline, set the project goals, and to allocate the funds. (www.clio.com.au) When the project scope has been defined, the Project Manager will be able to keep the project on time, on budget, and be able to allocate tasks to the right people, making sure things are efficiently done. The scope for this project is to transitionRead MoreProject Analysis : A Project859 Words   |  4 PagesProject Approach. Envisioning a project is a lot easier than executing it. One can’t expect a project to be smooth sailing without having a solid approach to navigate it without any major turbulence. It is imperative to identify the scope of project. General assignment of the work can’t really tell what lies beneath it. Once had an objective, it then needs to be broken down into sub parts. It is also very important to find out the outcome of the project and spell out the goals clearly enough to haveRead MoreProject Scope Of A Project1115 Words   |  5 Pagesmeant by the following: â€Å"The project scope statement should not be built in isolation†. When the PM is developing the project scope, he/she be aware that the project’s scope come from many sources; stakeholders, the entire team contributing ideas, SME’s giving their concepts, among others. It’s not the PM entire responsibility and he/she must involve all the players when is appropriate. When every single person directly related with the project collaborate to build the project scope, the PM could frameRead MoreConstruction Of The Construction Project Essay732 Words   |  3 Pages1. Cost: when we are looking at the cost of the construction project we have to look through and have to consider all the stages of the design and the construction project this is part of the specification. It is very important to have the cost estimator involved right from the start of the project to ensure that the project budget reflects the decisions made by the project construction team throughout the integrated the design process. 2. Quality standard and legislation: quality is the part