The Jaguar project was not as successful as it should have been‚ not because of bad people or bad processes‚ but because top management failed to provide the cultural and institutional training necessary to effectively implement these substantive cultural changes. Unlike the TQM implementation‚ there was no top management directive to make the cultural value changes to require/mandate/motivate people utilize the new Jaguar process management tools and take ownership in the new technologies‚ strategies
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Table of Contents Executive Summary 2 Background 3 Teradyne 3 The Semiconductor Industry 3 Teradyne Culture 4 Jaguar Project 4 Situational Analysis 5 Project Retrospective 6 Lack of Experience 6 Poor quality 6 Late action 6 Escalation of Commitment 6 Project Management tools usage 6 What should have been done? 6 Way to move forward 7 Executive Summary Background Teradyne Teradyne is a 45 year old corporation specialized in testing equipment for transistors and other electrical components of the
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RESEARCH REPORT VARIOUS WAYS I.T PROJECTS ARE MONITORED AND CONTROLLED INTRODUCTION Over the years‚ Information Technology (I.T) projects has been known to fail‚ that is‚ they are either completed with over budget or not completed within time and budget. Information Technology projects are often complex and detailed in nature and require cognitive knowledge and skills for its accomplishment. I.T projects are often difficult to estimate and manage as some projects are either cancelled or reduced
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About Project Management Projects are sets of activities designed to achieve a specific objective. Their key elements are tasks that define project work and staff members - the resources who perform them. Time and budget constraints guide projects. The constraints estimate and determine how long each task and‚ therefore‚ the entire project take and how much it costs. Project tools used to define and track each aspect of your project from tasks and staff to budgets‚ actuals‚ and risks. In addition
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Question 1: a. Are Project Management ‘tools’ a hindrance or a help? There is no doubt in my mind that when the right people are given the right tools and trained with the correct knowledge and use of Project Management Tools‚ that they will be a critical component to the overall success of a Project. Project Management is a methodical approach to planning and piloting project processes and tools from start to finish. According to the Project Management Institute‚ the processes are guided
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The Business School Advanced Project Management What is project management? Amy Callanan Total word count: 1055 What is project management? As the nature of project management continues to change over time‚ it has been difficult to define project management (Shepherd and Atkinson 2011). This paper aims to identify various definitions and factors which form project management in order to create a suitable definition of what project management is in today’s dynamic business environment
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What is Project Management? Project management is more complicated and extensive than people think. One definition of project management is “the process of guiding a project from its beginning through its performance to its closure.” There are three operations that project management entails: planning‚ controlling‚ and organizing. These operations are seen from beginning to end. In project management it is important to keep many challenges of project management in mind so you can control‚ plan
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_______ PROJECT SCOPE MANAGEMENT: A PIVOTAL TOOL FOR PROJECT’S SUCCESS Arupjyoti Nath* Mohammed Mukit Momin** ABSTRACT: This paper presents the importance of Scope Management in relation to the overall success of a project. It also talks about the whole scope management process and all the phases involved in it: initiation‚ planning‚ scope definition‚ verification and then control. An efficacious scope management of a project certifies the successful management of other strategic project management
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The Jaguar project‚ which was a project undertaken by Teradyne Corporation‚ the World’s largest supplier of equipment for testing semiconductors. The aim of the project was to develop a highly flexible tester platform that could be easily adjusted to the needs of different device segments. It was a critical project that will determine the ability and success of Teradyne to compete in the market‚ especially that the market need was drastically shifting towards flexible tester platforms rather than
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Teradyne Corp: The Jaguar Project questions 1. Compare and contrast Teradyne’s traditional project execution strategy to the approach it used in Jaguar? What was similar? What was different? Teradyne’s traditional project execution strategy lacked structure and discipline. Projects were poorly planned with limited defined scope and goals. This had caused projects to expand and run over budget due to the poorly defined milestones and goals of the project. With the Jaguar project there was a large
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