Advantages and Disadvantage Funtonal, Matrix and Dedicated in Organizational Structures
ASSIGNMENT – EMPM5103
MAY SEMESTER 2013 EMPM5103 – PRINCIPLES OF PROJECT MANAGEMENT ASSIGNMENT
OBJECTIVE: The assignment is intended to provide you the opportunity to evaluate and discuss critically three different principles of project management under the following tasks : Task 1 Task 2 Task 3 Organisation Structure Risk Management Project Planning
The details of the tasks are explained below:
TASK 1: ORGANISATION STRUCTURE
Question Discuss the relative advantages and disadvantages of the functional, matrix, and dedicated team approaches to managing projects. [20 marks]
TASK 2: PROJECT RISK MANAGEMENT
GiGi Incorporated The rapid growth of the telecommunications industry has made it apparent that executives at GiGi Incorporated perform risk management on all development projects. If GiGi were late in the introduction of a new product, then their market share would be lost. Risk management plays an important role to ensure their corporate survival and to chart a satisfactory Return on Investment (ROI). In the context of risk management, answer the following questions:
1
ASSIGNMENT – EMPM5103
Question a. b. Project risks can/cannot be eliminated if the project is carefully planned. Explain. [5 marks] The chances of risk events occurring and their respective costs increasing change over the project life cycle. What is the significance of this phenomenon to a project manager? [5 marks] c. d. e. f. What is the difference between avoiding a risk and accepting a risk? [5 marks] What is the difference between mitigating a risk and contingency planning? [5 marks] Explain the difference between budget reserves and management reserves. [5 marks] How are the work breakdown structures and change control connected? [5 marks] [30 marks]
TASK 3: PROJECT PLANNING TELO ENGINEERING (A) Telo Engineering has received a onetime contract to design and build 10,000 units of a new product. During the proposal process, management felt that the new product could be designed and
MAY SEMESTER 2013 EMPM5103 – PRINCIPLES OF PROJECT MANAGEMENT ASSIGNMENT
OBJECTIVE: The assignment is intended to provide you the opportunity to evaluate and discuss critically three different principles of project management under the following tasks : Task 1 Task 2 Task 3 Organisation Structure Risk Management Project Planning
The details of the tasks are explained below:
TASK 1: ORGANISATION STRUCTURE
Question Discuss the relative advantages and disadvantages of the functional, matrix, and dedicated team approaches to managing projects. [20 marks]
TASK 2: PROJECT RISK MANAGEMENT
GiGi Incorporated The rapid growth of the telecommunications industry has made it apparent that executives at GiGi Incorporated perform risk management on all development projects. If GiGi were late in the introduction of a new product, then their market share would be lost. Risk management plays an important role to ensure their corporate survival and to chart a satisfactory Return on Investment (ROI). In the context of risk management, answer the following questions:
1
ASSIGNMENT – EMPM5103
Question a. b. Project risks can/cannot be eliminated if the project is carefully planned. Explain. [5 marks] The chances of risk events occurring and their respective costs increasing change over the project life cycle. What is the significance of this phenomenon to a project manager? [5 marks] c. d. e. f. What is the difference between avoiding a risk and accepting a risk? [5 marks] What is the difference between mitigating a risk and contingency planning? [5 marks] Explain the difference between budget reserves and management reserves. [5 marks] How are the work breakdown structures and change control connected? [5 marks] [30 marks]
TASK 3: PROJECT PLANNING TELO ENGINEERING (A) Telo Engineering has received a onetime contract to design and build 10,000 units of a new product. During the proposal process, management felt that the new product could be designed and
References: should be latest (year 2005 onwards) Notes: • • Assignments should be submitted according to the due date. You are to submit a softcopy of your assignment online through myVLE and a hardcopy to your facilitator. • Plagiarism is not acceptable. If you are not sure what is meant by plagiarism, refer to the various websites which discuss this matter, e.g. owl.english.purdue.edu/handouts. 4