Problem Set #1
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Business Case Exercise x Business Case Exercise x – Alternative Formats (18.251 KB)
Project Element and Business CaseIdentify a project that is of interest to you. A list of a few examples has been provided below. Do not utilize these as they are provided as examples only. You may find or identify similar projects but not these specifically. When selecting a project of interest to you, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small). Select a project that you can relate to and have some experience with or that may be ongoing or recently completed in your hometown. Projects may vary from a few hundred thousand dollars to a few million dollars. Projects should last somewhere between 6 months and 2 years. To ensure you are on the right track, be sure to ask your instructor’s advice in selecting an appropriate project. You will be using this project throughout the course to complete future exercises Some successful project ideas.- The opening of a coffee shop- An open house for a local social service agency- A meditation pool and platform- A redevelopment of a local playground- Design and installation of a computer network for a small businessSee Full Instructions for whole assignment in the attached template!
Business Case Re-submit
Use this link to re-submit your re-drafted Business Case for review, feedback and re-grade. Only submit a document with the Business Case information (Project title and Business Case). Do not include the unless you were specifically instructed to re-do the whole assignment!
BUSINESS CASE
Identify a project that is of interest to you. The best source would be through a general internet search and/or local media sources. When selecting a project of interest to you, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small). Select a project that you can relate to and have some experience with or that may be ongoing or recently completed in your hometown. Projects must be within the budget range of $500,000 to $5,000,000. Project time frame must be between 6 months and 3 years. To ensure you are on the right track, you can ask your instructor’s advice in selecting an appropriate project. You will be using this project throughout the course to complete future Problem Sets.
Part 1: Provide a brief overview of the selected project. This will include an explanation of how the project specifically fits the four (4) elements of the Kloppenborg definition. The specific definition to utilize is as follows: “A project is a 1) new, 2) time-bound effort that has a definite beginning and a definite ending with 3) several related and/or interdependent tasks to 4) create a unique product or service” (Kloppenborg 2019, p. 4). This essay should be five (5) paragraphs long with the first paragraph providing the project overview and then one paragraph each explaining specifically how your selection fits each of the four (4) identified elements of a project. Do not just state that it does fit these four (4) elements you must thoroughly demonstrate that it does. Use examples from the project. This essay should be single-spaced and each paragraph indented. Do not number the paragraphs.
Part 2: Upon completion of the essay, you will draft a descriptive title for your project. The Project Title should be a descriptive statement of your project. This is not like a book title which is usually short and very simple. For example, in 1985 the I-71/I-75 Brent Spence Bridge, which spans the Ohio River between Cincinnati and Northern Kentucky, had the emergency lanes removed to add traffic lanes due to an increase in traffic over this bridge (third busiest bridge in the US). So, to ensure a descriptive project title, a simple title like “Brent Spence Bridge Project” would not be sufficient. This provides no information on the project scope. A more descriptive title would be “I-71/I-75 Brent Spence Bridge project to expand northbound and southbound traffic lanes from three lanes to four lanes (1985)”.
After creating a descriptive title for your project, you will draft a Business Case for your project. Using
exactly
one hundred (100) words you will provide a brief overview of the project including important scope information. The Business Case is the “bridge” between the high-level and very general Background and the more specific Project Scope Statement. It will include both why the project is needed and what, specifically, is going to be completed during the project. This should incorporate what work (or Deliverables/sub-projects) are going to be done during the project and does not mean what objectives the project hopes to achieve. For example, a bridge renovation project would need to state “solidify bridge pier structure” (a deliverable/sub-project) and not “increase vehicle traffic” (an objective).
Also, it needs to provide some scope elements to allow the reader to “picture” the project in their head. This includes items such as budget, size, time frame, and other specific and measurable elements of the project.
Assignment should be single-spaced. Do not change formatting of this template.
How does the selected project fit the four (4) elements of a project provided in the instructions? (400+ word, five paragraph essay):
Descriptive Project Title:
Business Case (
exactly
100 words):
Problem 1
Susmitha Kadiyala
University of Cumberland’s
Business Case
The project fits the four (4) elements of the project
Project management is a fundamental aspect within an organization in creating sustainable and improved performance. Specifically, the project is to acquire a new and modified data system for an organization in ensuring effective organization, customers, employees, and stakeholder information management improvement. Specifically, the project will accommodate fundamental articulation on new information technologies and emerging issues for the effective creation of a modified data system for the XYW organization’s information management system. Additionally, the project is to take the budget of $1,500,000 and a period of 1 year for effective outcomes. According to the authors, the project entails elements such as a new, time frame, interdependent task, and creation of a new product (Kloppenborg et al. 2019). Similarly, explaining how the project of acquiring a new n modified data system for XYW Company meets the four first of the project.
Firstly, the project resonates with a new product that XYW Company takes for effective improvement in data management and decision-making because data is a vital asset for an organization. Noteworthy, the XYW Company presents the project to develop a new product in a data management system for effective data gathering, processing, storage, and transmission to incase efficiency, privacy, and accuracy, and security issues. Therefore, the project resonates with Kloppenburg’s articulation of the first element of a project.
Consequently, time frame s one fundamental fit for a project that resonates with fundamental scheduling, planning, and budgeting for effective project management and performance. Notably, the project planning will involve selecting and initiating, planning, executing, closing, and realizing the impact of the new data system for the XWY Company. Furthermore, the project takes 1 year with a budget of $1,500,000 and scheduling of the activities at a specific and timeframe for work processes and management process in the project.
Thirdly, the project to acquire a new and modified data system for the Company accommodates significant and interdependent tasks activities. Specifically, there is an interdependent task in the project including informing stakeholders of the need to have a new and modified data system of the organization, controlling the project scope, assigning the team to accommodate technical, analytical, and expert involvement, use of proactive strategies, training employees and organization on the new data system and testing and monitoring for performance suitability. Thus, the project accommodates interdependent tasks and workflow in the project for effective performance outcomes.
Finally, the project to acquire a new and modified data system for an organization will create a new information management system for the organization resulting in a unique information system. Specifically, the project will accommodate analytics, big data, and automation concepts for decision-making support in an organization, resulting in an integrated, modified, and new data system for the organization. Thus, the project will accommodate the fourth fit element of a project in creating a new product or service towards an improved information management system.
Descriptive Project Title
The XWY Company project is to acquire a new and modified data system from traditional business intelligence to integrated analytics, big data, and automation for the improved information management system.
Business Case
XWY Company is a company that deals in customer-based product ordering and delivery using online platforms. Data is a critical asset for the Company to provide an effective decision on customers’ perceptions, needs, experiences, and satisfaction through feedbacks. Similarly, the Company store sensitive data for customers that require a robust data system for effective information management. The project to acquire a new and modified data system will give a real-time solution to customers, organizations, and employee data management systems for robust privacy, security, and effectiveness in decision-making. Notably, acquiring a new and modified data system for the Company will require IT resources, technicians, and devices including new computers, software, and network.
References
Kloppenborg, T., Anantatmula, A., Wells, K. (2019). Contemporary Project Management, 4E. Cengage Learning
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