Develop a scenario where you utilize a weighted factor scoring model to analyze the 3 projects presented in Week 4. Utilize and evaluate the same 5–7 items for each of the projects. In a paper that is 5–7 long, present your rationale for each weighted factor; then, present a chart detailing the relevant factors to be analyzed, and do so using the weighted factor scoring model. Finally, discuss which project was chosen based on the data provided; then, discuss the results from Week 4 compared to Week 5, and present a discussion regarding the differences or similarities.
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Running head: PROJECT MANAGEMENT SCENARIO 1
PROJECT MANAGEMENT SCENARIO 2
Dr. Michael Hitson
Project Management Scenario
Discussion of the Project Management Scenario
I am in a given situation whereby my company has to undertake three projects relating to construction and architecture. The first project is worth $ 23 billion and involves the construction of an upmarket mall in a slum where the residents have been vacated to enable the construction of such a huge infrastructure. The second project entails the construction of a road in a dump terrain passing through a rural area for the purpose of opening business in that region. The project is worth $ 18 billion. The last project involves the construction of a school in a poor neighborhood as a government objective to spread education in underprivileged regions in the country. The government plans to provide my company with $ 200 million to undertake the project. With the three projects being in mind, as a project manager; I have to think of a possible way through which to employ so that I know the right project to pick for our experts to undertake at any particular time. The above means that I will have to use the unweighted factor scoring model to evaluate the project that my company will undertake in the future.
Using the Unweighted Factor Scoring Model to Evaluate the Project
When it comes to noting the nature of the projects and how they impact the financial and logistical status of the company, it is important to focus on the role and performance of the company in making the projects work (Crawford, 2005). However, we cannot undertake the three projects at the same time because of some limitations placed on the company. It means that we need to focus on the most significant project for the purpose of maximizing the profits and at the same time make save a lot of time in undertaking the different activities involved in the project.
The first project as discussed in the section above entails the creation of a megamall in a slum. It is one of the most profitable projects of the three. A megamall is one of the most recognized projects in urban regions due to the number of shops that want a good location to interact with their customers and have their products launched in the market. Such a project may influence me to rethink of undertaking it to enable my company makes a good name in relation to its competitors. However, I have to consider other factors such as the manpower, resources, and connections to undertake the project. We are currently a small company with few employees to undertake the project. We are a company that involves twenty employees, meaning that we will have to do a lot of collaborations with mega companies to undertake the project. I will also have to consider the residents who are evicted from the slum area where the megamall is to be constructed. The above factor means that there may be conflicts when the residents strike for their evictions from the place they called home. The project may create a negative status in the brand of the company as compared to making it a force to reckon with in the market (Smith, Case, Smith, Harwell, & Summers, 2013).
The second project is the road construction project which focuses on setting it on a dump environment which is hard to undertake. The third project is the least of them all. It comprises of a hard project that passes through an almost impossible terrain. My company does not have the mechanization and the tools to undertake such a project. It becomes hard for a small company to develop the right approaches unless it outsources the mechanization and the right teams to complete the activities of the project.
The third project is great for the company. It is profitable but at the same time aligns with our company’s objectives. It focuses on developing the wellbeing of the community around us. It enables us to assist the community with a small team that is able to undertake the project without any problems relating to skills and manpower. It becomes easy to align projects with the teams involved in its completion (Jackson, Joshi, & Erhardt, 2003). Our team is able to undertake the project. If it is the government managing the project, it means that after we have completed the contract, we are going to have other projects that will be conducted through a partnership with the different agencies of the government. It is an open door for us to develop our company for the long term.
|Megamall ProjectOut of ten||The Road Construction ProjectOut of ten||School Construction ProjectOut of ten|
|Connections with partners||yes||1||4||10|
|Nature of the Project||yes||4||7||10|
Selecting the Project to be undertaken by the Team
The best project to undertake in this case is the one that belongs to the government relating to the construction of a school. Such a project is easy to complete because of a number of resources and the status of manpower owned by the company. It has all the needed incentives and factors to enable it easy for our company to complete.
Crawford, L. (2005). Senior management perceptions of project management competence. International journal of project management, 23(1), 7-16.
Jackson, S., Joshi, A., & Erhardt, N. (2003). Recent research on team and organizational diversity: SWOT analysis and implications. Journal of Management, 29(6), 801-830.
Smith, L., Case, J., Smith, H., Harwell, L., & Summers, J. (2013). Relating ecoystem services to domains of human well-being: Foundation for a US index. Ecological Indicators, 28, 79-90.