Proj 586 Case Study Essay Example
Week 5: Case Study
PROJ 587 – Advanced Program Management
Part 1
Executive Summary A medium-sized firm Clean fabrics Inc in United States has increased the company’s revenues strategically about $350 million dollars per year. The company struggles to meet the objectives of expanding the company along with the cost control. The vision of the company is to provide the right choice to the clients and supplying the support services for the cruise ship industry in the different parts of the world operating in the areas of hotel and travel. The services are supplied to major hotel chains and cruises including linen services in the south east area of United States. Comparatively, the cruise ship industry provides the company with an increase in the revenues than the hotel industry. Since Clean Fabrics Inc is a home based business in Tampa, Florida, the unit however tried to manage the product portfolio by providing the best services of the company to the clients. The company was offered numerous successful projects though improper portfolio management in the company exists. The main objective is to expand the company’s goals so as to increase the annual growth rate of 10%. The company’s goals can be reached by expanding new markets in different parts of Europe and Alaska, providing more beneficial services to the existing clients, increasing the revenue by 10% and offering excellent customer service by 15%. Cost control goals is another important objective to be taken into consideration along with the expansion of company’s goals which includes the reduction of operating costs by 10% , warehousing and overhead costs by 5%.
Project selection criteria
The most important aspects among the strategies of any organization is the project selection criterion. It will be helpful to the organization in taking the important steps and decisions in regards to different projects. This criterion helps to analyze the important factors to be considered before deciding on
PROJ 587 – Advanced Program Management
Part 1
Executive Summary A medium-sized firm Clean fabrics Inc in United States has increased the company’s revenues strategically about $350 million dollars per year. The company struggles to meet the objectives of expanding the company along with the cost control. The vision of the company is to provide the right choice to the clients and supplying the support services for the cruise ship industry in the different parts of the world operating in the areas of hotel and travel. The services are supplied to major hotel chains and cruises including linen services in the south east area of United States. Comparatively, the cruise ship industry provides the company with an increase in the revenues than the hotel industry. Since Clean Fabrics Inc is a home based business in Tampa, Florida, the unit however tried to manage the product portfolio by providing the best services of the company to the clients. The company was offered numerous successful projects though improper portfolio management in the company exists. The main objective is to expand the company’s goals so as to increase the annual growth rate of 10%. The company’s goals can be reached by expanding new markets in different parts of Europe and Alaska, providing more beneficial services to the existing clients, increasing the revenue by 10% and offering excellent customer service by 15%. Cost control goals is another important objective to be taken into consideration along with the expansion of company’s goals which includes the reduction of operating costs by 10% , warehousing and overhead costs by 5%.
Project selection criteria
The most important aspects among the strategies of any organization is the project selection criterion. It will be helpful to the organization in taking the important steps and decisions in regards to different projects. This criterion helps to analyze the important factors to be considered before deciding on