Project Management Sample Assignment

Topics: Project management, Supply chain management, Management Pages: 9 (4117 words) Published: November 2, 2014
The Association for Project Management (APM) suggests that the project business case provides justification for undertaking a project by evaluating benefit, cost and alternative options. The main purpose is to obtain approval and commitment for investment in the project (Association for Project Management 2006, p.129 and MGT8022, USQ 2013). According to Project Management Institute (PMBOK, PMI 2013), the business case describes information from a business standpoint to determine whether or not the project is worth of investment. It is used as a decision making tool by senior leadership. Based on the above, US Toys business case (attached as Appendix I) is being examined with a review of process and process control, project management literature and project management framework. According to Turner (2009), performance improvement can come from sources like operational efficiency, organization effectiveness or higher order strategic issues due to changes in technology or overall business strategy. New capabilities will not solve the problems blocking performance improvement directly but rather it is necessary to achieve intermediate benefits before realizing the main benefit. It is evident from the business case that US Toys has purchased a software solution called Demand Chain Management whose full benefit will be show-caused by integrating it with its legacy warehouse management system. During initial planning phases, appropriate team members or groups should be involved so that they contribute and create auxiliary ideas (Young 2006). Key components of business case like project purpose, objectives and success criteria were established, US Toys business case misses on holistic identification of stakeholders and other critical components. Business case is a recommendation to take a particular course of action supported by benefits, costs and risks analysis (Journal reference). Critical elements of a business case applied to the case scenario are summarized in the following table DefinitionDiscussionUS Toys Business caseA business case should be a recommendationRecommendation should have finely balanced options providing purpose and direction.Business case lists two cost impact options with a nothing option to continue current processes. However, it does not list supporting analysis on why option 3 is recommended. Providing supporting analysis of benefits with the option will influence business decision.For the organisationA business case is worth for significant projects in organisationBusiness case pertains to increased operational efficiency and hence it is a significant project for the organisation.Supported by analysis of benefitsBusiness case requires exegesis of strategic rationale as well as more detailed, systematic analysis of benefitsUS Toys business case lists options but lacks systematic analysis and strategic rationale.CostsCost estimation is the difficult aspect in a business case but without it, the case cannot be madeCost estimates provided in the business case appear to be high level. It would be good if Return on Investment (ROI) and break even duration are provided as an additional supporting analysis.RisksProjects involve risks and understanding and taking ownership of risk is an essential part of a business caseUpon evaluation, US Toys business does not have risk management process or risk scoring methodology. (Adapted from Gambler 2009, Making the business case Table 1.1 on page 2). Upon review of US Toys business case, it is evident that the enhancements to the existing Warehouse Management System are undertaken for achieving operational efficiency and technology as depicted in below figure. Figure Achieving performance improvement (Adapted from Turner, 2009, Chapter 2 figure 2.2) The targeted benefits lists operational efficiency and leveraging new technology in the form of interfaces to purchased package solution. From the above figure, it is evident that performance is directly proportional to...
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