reading material wk 3 assignment.pdf

Aligning organizational and strategic direction b

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aligning organizational and strategic direction b. managing shared client relationships c. resolving issues and change management d. resolving resource constraints 4. Typical source selection criteria for projects in- clude all of the following capabilities except: a. financial b. management c. marketing d. technical 5. A narrative description of products or services to be provided by the project is a: a. business case b. project proposal c. project statement of work d. subproject Exercises 1. Complete the following scoring model. Show all your work. Tell which project you would pick first, second, third, and last. How confident are you with each choice? If you lack confidence regarding any of your choices, what would you prefer to do about it? Project A Project B Project C Project D Weighted Total Score Criteria 1 Criteria 2 Criteria 3 Project\ Criteria & Weight 4 6 10 4 3 2 1 3 2 4 3 5 3 3 4 Chapter 2 Project Selection and Prioritization 45
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2. Complete the following scoring model. Show all your work. Tell which project you would pick first, second, third, and last. How confident are you with each choice? If you lack confidence regarding any of your choices, what would you prefer to do about it? Project A Project B Project C Project D Weighted Total Score Criteria 1 Criteria 2 Criteria 3 Project\ Criteria & Weight 3 7 10 1 3 5 2 3 5 4 3 4 3 3 1 3. Pretend you are on the leadership team for a pharmaceutical company that is in a difficult finan- cial situation due to patents that have died on two of your most profitable drugs. Brainstorm a list of criteria by which you would select and prioritize projects. Weight the criteria. 4. Pretend you are on the leadership team of a manufacturing company that is currently chal- lenged by low-cost competition. Brainstorm a list of criteria by which you would select and prioritize projects. Weight the criteria. Example Project Your instructor will probably bring example projects to class and facilitate the assignment of students to the various project teams. Therefore, you will probably not be involved in the project selection. However, one of the first things you should do when assigned to a project is to learn about the company or other organi- zation that wants the project to be completed. Why did they select this project? Is it a must do project or did it get picked over other competing projects? By under- standing what makes the project so important, you will make better decisions and will be more motivated through the term. If your project is a must do project, explain why. If it is not a must do project, explain how it was selected. Explain where it fits in priority with other work of the organization. References A Guide to the Project Management Body of Knowledge (PMBOK® Guide) 4th ed . (Newtown Square, PA: Project Management Institute, 2008).
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