The Project Management Research in Brief for Chapter 5 discusses Information Technology (IT) Project "Death Marches." What are the facts about such projects and what conclusions does the article present?
What will be an ideal response?
The brief does not paint a flattering portrait of IT project success. The average IT project is likely to be 6 to 12 months behind schedule and 50% to 100% over budget. Of course, the numbers vary with the size of the project, but the results still suggest that companies should expect their IT projects to lead to wasted effort, enormous delays, burnout, and many lost weekends while laboring for success with the cards stacked the other way. The death march project is typically one in which the project is set up for failure through the demands or expectations that the company places on it, leaving the expectation that the project team will pull off a miracle. Death march projects are defined as projects "whose parameters exceed the norm by at least 50%." To avoid setting the stage for future death march projects, we need to start with the end in mind and determine whether the goals and conditions (budget, personnel assigned, and schedule) are conducive to project success.
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What benchmark was designed so that corporations could base their code of conduct on these eight universal, overarching moral principles?
A. the Caux Principles B. the Global Business Standards Codex C. moral foundations theory D. UN Global Compact
Using the ________, parties identify bargaining issues, determine a costing methodology, and brainstorm options and solutions before making any proposals.
What will be an ideal response?
In the case of Reider v Louisiana a baseball player brought a successful assault and battery lawsuit against a fan they threw beer from the stands and hit the center fielder, K. T. Reider
Indicate whether the statement is true or false
Scenario A: The Ascent, a mountain bicycle manufacturer, has been in the bicycle industry for a year now. The CEO wishes to better the company. He starts by looking at the sales records of the year that they have been in business and notices that the company's sales have been declining at a steady pace for the past six months and that at present they are selling only half as many bicycles as they want to. In an attempt to increase sales, he either wants to bring down the prices of his bicycles or expand the company by opening a new branch in another area. The CEO shares his views with the sales manager and finance managers. Together they decide that reducing the prices would definitely increase sales, although the profits would come down. They also determine that opening a new branch
would only increase expenses. They conclude that they will reduce the prices of the bicycles. The plan is implemented and the CEO keeps a record of the sales every month to make sure the change is effective.Which of the following steps in formal planning process is the CEO performing when he debates between opening a new branch and reducing the prices? A. engaging in situational analysis B. monitoring and controlling C. implementing the plan D. selecting the goals and plans E. generating alternative goals and plans