Managing a Large Financial Project Essay Example
Managing a Large Financial Project
Beverley Stephens
Dr. Laurant Jolly
CIS 500- Advance Systems Analysis and Design |
August 9, 2012
Introduction
As the manger of a large financial project for company Bev shoes I am facing some challenges. The project is running behind schedule and we have a new CEO. In the meeting with the CEO I had to make him aware that the project deadline is at risk and his response was to take staff from a project with less importance and put them on the financial project. From the outside this looks like a great solution to the problem because more staff could get the work done faster and put the project back on schedule. I have to disagree with the CEO’s point of view because just assigning more people to this project will not solve the problem. We need to have staffs that are knowledgeable in the business process and the technology architecture related to the financial project. I will give my support to my response of why this is a bad idea by first explaining the importance of getting the business process correctly.
Process Definition
A business process is a group of activities designed to create a specific output for a specific objective. This is from having people and system interactions. Furthermore, a business process stresses how the work is performed within a business. This process should be clearly defined with a starting point and an end point with input requirements and expected output results. We spend a lot of time studying and understanding business process for this project and involving new staff at this time would further extend the time line for this project. On the financial project, the staff consists of individuals who have a deep understanding of the business process as it relates to what is being implemented. They have analyzed the existing business process and are actively working on implementing of these processes into the new financial system. In other words these staffs are considered to be a key
Beverley Stephens
Dr. Laurant Jolly
CIS 500- Advance Systems Analysis and Design |
August 9, 2012
Introduction
As the manger of a large financial project for company Bev shoes I am facing some challenges. The project is running behind schedule and we have a new CEO. In the meeting with the CEO I had to make him aware that the project deadline is at risk and his response was to take staff from a project with less importance and put them on the financial project. From the outside this looks like a great solution to the problem because more staff could get the work done faster and put the project back on schedule. I have to disagree with the CEO’s point of view because just assigning more people to this project will not solve the problem. We need to have staffs that are knowledgeable in the business process and the technology architecture related to the financial project. I will give my support to my response of why this is a bad idea by first explaining the importance of getting the business process correctly.
Process Definition
A business process is a group of activities designed to create a specific output for a specific objective. This is from having people and system interactions. Furthermore, a business process stresses how the work is performed within a business. This process should be clearly defined with a starting point and an end point with input requirements and expected output results. We spend a lot of time studying and understanding business process for this project and involving new staff at this time would further extend the time line for this project. On the financial project, the staff consists of individuals who have a deep understanding of the business process as it relates to what is being implemented. They have analyzed the existing business process and are actively working on implementing of these processes into the new financial system. In other words these staffs are considered to be a key