Project Management : Managerial Process Chapter 2
1. Compliance Projects: d,g,i
Strategic Projects: b,e,f,h
Operational Projects: a,c,j
Since the new strategy of the hotel is clearly identified, it was easy to classify the strategical projects. There are some similar projects within the list. It was a bit difficult to classify the projects whether they are operational or compliance.
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In order to manage all the listed projects in an efficient way, It is essential to prioritize them. Because as we did above, there are various classifications for this projects and for serving the new strategy of the hotel, strategic projects should be prioritized by considering the resource availability and financial power.
5.
1. Rate Project 5 the highest (107) and Project 2 (57) the lowest. 2. Yes, the project selection has been changed. Three highest are Projects 3 (117), 5 (116), and 1 (95). If the weight for “Strong Sponsor” is changed from 2.0 to 5.0 project 3 (117) is the highest rated project which is followed by project 5 (116). 3. It is important that the weights mirror critical strategic factors because not doing so will cause selection of projects that do not contribute the most to the strategic plan and these projects may not be aligned with the organizational goals.
CASE STUDY:
[pic]
As a result, the company should place emphasize on realizing 3 of the film proposals: “Escape from Rio Japuni” , “Keiko – One Whale of a Story” and “Heidi”. These three projects are consistent with the company’s strategies and covers most of “must” and “want” criterias.
Two other proposals, “Grand Island” and “My Life with Dalai Lama” are feasible based on “must” criteria but should have much lower priority than above mentioned 3 projects.
We don’t advice implementing “The Year of the Echo”. “The Year of the Echo” is unlikely to get PG or lower advisory rating and contradicts with the company’s strategy of producing “family entertainment films for
Strategic Projects: b,e,f,h
Operational Projects: a,c,j
Since the new strategy of the hotel is clearly identified, it was easy to classify the strategical projects. There are some similar projects within the list. It was a bit difficult to classify the projects whether they are operational or compliance.
*-*-*-*-*-*-
In order to manage all the listed projects in an efficient way, It is essential to prioritize them. Because as we did above, there are various classifications for this projects and for serving the new strategy of the hotel, strategic projects should be prioritized by considering the resource availability and financial power.
5.
1. Rate Project 5 the highest (107) and Project 2 (57) the lowest. 2. Yes, the project selection has been changed. Three highest are Projects 3 (117), 5 (116), and 1 (95). If the weight for “Strong Sponsor” is changed from 2.0 to 5.0 project 3 (117) is the highest rated project which is followed by project 5 (116). 3. It is important that the weights mirror critical strategic factors because not doing so will cause selection of projects that do not contribute the most to the strategic plan and these projects may not be aligned with the organizational goals.
CASE STUDY:
[pic]
As a result, the company should place emphasize on realizing 3 of the film proposals: “Escape from Rio Japuni” , “Keiko – One Whale of a Story” and “Heidi”. These three projects are consistent with the company’s strategies and covers most of “must” and “want” criterias.
Two other proposals, “Grand Island” and “My Life with Dalai Lama” are feasible based on “must” criteria but should have much lower priority than above mentioned 3 projects.
We don’t advice implementing “The Year of the Echo”. “The Year of the Echo” is unlikely to get PG or lower advisory rating and contradicts with the company’s strategy of producing “family entertainment films for