1. Read 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 of the book. Summarize the key points on this study and your opinion of it. Describe some specific steps organization can take to provide a supportive culture for project management.
2. Financial analysis
Perform a financial analysis for a project using the format provided in the book(IT Project Management, Revised 6e). Assume that the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $200,000 in Year 1 and $30,000 each year in Years 2, 3, and 4. Estimated benefits are $0 in Year 1 and $100,000 each year in Years 2, 3, and 4. Use a 9 percent discount rate, and round the discount factors to two decimal places. Create a spreadsheet or use the business case financials template on the companion Web site to calculate and clearly display the NPV, ROI, and year in which payback occurs. In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.
In this case/ project, if you gonna invest in this project i should suggest that you should not invest in here due to the negative result of NPV and ROI, you will not earn in this project but you will losses a lot.
3. Develop an outline
Develop an outline (major heading and subheading only) for a project management plan to create a Web Site for your class, and then dill in the details for the introduction or overview section. Assume that this Web site would include home page with links to a syllabus for the class, lecture notes or other instructional information, links to the Web site for the books that we are using in the class, links to other Web sites and all links to personal pages for each member of your class and future classmates. Also, include a bulletin board and chat room feature where students and the instructor can exchange information. Assume your instructor is the project’s sponsor, you are the project manager, your classmates are your project team and you have three months to complete the project.
4. Write a short paper based on the chapter’s opening case. Answer the following questions (Information Technology Project Management, 7e, page 140, Opening Case):
a. What do you think the real problem was in this case?
The real problem in this case is that Nick doesn’t come up with a plan because he’s not the project Manager, he was the software developer so when he took the responsibility, he doesn’t know where he would start in the first place and because he is not used to his new position. Due to this adjustment Nick led him to his failure in meeting the top management’s expectations.
B. Does the case present a realistic scenario? Why or why not?
Yes. Until now there are still a lot of cases like these. Situations still happened especially in a major company where some of the employees of the company resign in their respective positions for some purposes and some reason and so the remaining employees were promoted to a higher position but then they will train themselves to learn the responsibilities or duties. It is not easy for them to adjust; they cannot perform their duties and responsibility due of their new position.
C. Was Nick Carson a good project manager? Why or why not?
No, because he was not able to perform well his duties.
D. What should top management have done to help Nick?
Nick should be trained by the company before they assigned him to a new position. They should’ve provided the ideas on how to do the work of a project manager.
E. What could Nick have done to be a better project manager?
Nick should’ve be trained in doing the responsibility as being a project manager in the company.