1. Based from the report “2015 Pulse of the Profession. Capturing the Value of Project Management” by PMI mentioned in the What Went Right section, page 194 of the 8th Edition in the book of Kathy Shwalbe, It was mentioned there that “In order to improve, organizations must make some major cultural changes. They need to make sure that everyone fully understands the value of project management, require that executive e sponsors are fully engaged on projects and programs, and align their projects to the organizations strategy”. So in summarizing it, all of the people or each member of the team that are doing or making the project, they should know their roles and responsibilities, the importance and the reasons why are they making that project. The Project Manager should have enough skills, knowledge and should have a good communication with his or her team and in handling the project. The project manager and also their Sponsor should always have their connection with each other for the success of their project and programs.
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ASSUMPTIONS:
Based on my financial analysis, I wouldn’t recommend in investing in this project because the ROI (Return of Investment) and the NPV (Net Present Value) are both negative. This Project is a waste of time or this project is not a good plan to continue because of its negative NPV and ROI.