Bus 375 Project Motorcycle Paper
Project Motorcycles
W Dog
BUS 375
Professor Lodge
4 Apr 2014
1. Types of project organization that would suit the development of the larger touring class motorcycles. Process steps that we will take in order to develop the motorcycle. The matrix organizational structure is the best type of organizational structure to begin our new development line of touring class motorcycles. The matrix structure is a hybrid blend of the functional hierarchical structure and project management structure. We will be modeling our new project on the matrix as shown in the below diagram. In this matrix, we will be adding “project c” to identify the new line of touring motorcycles. The organization is still divided into functional areas (as …show more content…
Avoid: Adjust program requirements or engineering limitations to eliminate or reduce the risk. This could include; funding, schedule, or technical requirements.
3. Control: Implement actions to minimize the impact or likelihood of the risk.
4. Transfer: Reassign accountability, responsibility, and authority of risk to another area willing to accept the risk. This may be an urgent action team, created to deal with a risk.
5. Watch/Monitor: It is the project manager’s job to monitor the environment for changes that affect the nature and/or the impact of the risk. This could be cost, schedule, or requirements driven. It could also derive from internal to the business or external. Each of these risk mitigation options requires development of an action plan that is implemented and monitored for effectiveness. The three I would focus on are, Watch/Monitor, Assume/Accept, and Transfer. The reason is that you must first monitor to identify the risk then you must accept the risk is valid and if you cannot manage the risk in your area you then transfer the risk to the functional area that can best mitigate or eliminate the risk. The best way is to chart the risks in a diagram as shown below. (The MITRE Corporation,
W Dog
BUS 375
Professor Lodge
4 Apr 2014
1. Types of project organization that would suit the development of the larger touring class motorcycles. Process steps that we will take in order to develop the motorcycle. The matrix organizational structure is the best type of organizational structure to begin our new development line of touring class motorcycles. The matrix structure is a hybrid blend of the functional hierarchical structure and project management structure. We will be modeling our new project on the matrix as shown in the below diagram. In this matrix, we will be adding “project c” to identify the new line of touring motorcycles. The organization is still divided into functional areas (as …show more content…
Avoid: Adjust program requirements or engineering limitations to eliminate or reduce the risk. This could include; funding, schedule, or technical requirements.
3. Control: Implement actions to minimize the impact or likelihood of the risk.
4. Transfer: Reassign accountability, responsibility, and authority of risk to another area willing to accept the risk. This may be an urgent action team, created to deal with a risk.
5. Watch/Monitor: It is the project manager’s job to monitor the environment for changes that affect the nature and/or the impact of the risk. This could be cost, schedule, or requirements driven. It could also derive from internal to the business or external. Each of these risk mitigation options requires development of an action plan that is implemented and monitored for effectiveness. The three I would focus on are, Watch/Monitor, Assume/Accept, and Transfer. The reason is that you must first monitor to identify the risk then you must accept the risk is valid and if you cannot manage the risk in your area you then transfer the risk to the functional area that can best mitigate or eliminate the risk. The best way is to chart the risks in a diagram as shown below. (The MITRE Corporation,