By Reeza Fazily Sharp Printing,AG
Lauren was selected to be the project manager of a project of implementing a colour laser printer for consumer and business market at a reasonable price. o
However there were issues in cost and time estimates.
Case study is all about what needs to done by the project manager to overcome this problem. 3.
If I was the Project Manager
First of all, I would like to say, target $300 isn’t realistic. And if I was the project manager, I’ll follow the following steps, o
First, I would chose to use the priority matrix to get top management to clarify their priorities. 4.
. Time Performance Cost Constrains Enhance Accept Time - Looking at the above graph time is a crucial factor. This is because the color printer is a technological product which a delay will cause competitors coming up with a similar low cost product creating the whole project worthless. . 6.
Performance - Since we are dealing with a technological product which planned to sell for a low cost, it is important to produce it for a reasonable quality. It is important to provide a value for money product unless it will not be successful in the long run. o
Cost - The micro estimate shows the cost has already increased by $1,250,000 than the senior management’s macro estimate where the attempts of cutting cost such as talking with design, marketing and production managers were not able to create a huge impact. Therefore since time is crucial and performance is required, the only option we have is to accept the high cost 7.
After that I would schedule a meeting with senior managers to explain the priority matrix and gain the permission to increase the cost. o
At the same time take decisions to change the scope if necessary. If the senior management accept, o
Finding whether we can reduce cost by outsourcing technology or producing within the company 8.
Next I would go for one of micro approaches...
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