Red Stone Project
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REDUCING RED STONE’S BUDGET AND SCHEDULING DEFICIENCIES
REDUCING RED STONE’S BUDGET AND SCHEDULING DEFICIENCIES
Prepared for
The Red Stone Corporation
Prepared by
Andy Tran,
Megan Manning
Meghan Murray
Salwa Nsier
Wednesday 21st, November 2012
Executive Summary
Manning & Company International commissioned this report to determine Red Stone Corporation's budget and schedule deficiencies. We have developed a survey as a method to perform a gap analysis and upon further analysis, provide recommendations to eliminate the deficiencies to give Red Stone a competitive advantage among their competitors.
The gap analysis was performed to analyze the responsibilities of the project managers and process they use to complete projects. Project managers completed surveys, which provided a set of data; the surveys focused on five sections such as the current company position and profile, project information, project pitfalls, team management, and human resources.
Section one provided a profile of current project managers at Red Stone. Section two included project information such as budgets and methods used to measure the schedule and costs of projects. Section three has more methods and processes such as communication processes, identifying the risks, closing out processes. Section four introduces team management and the team selection process. Finally, the last section has the topic of human resources; particularly benefits and salary.
Based on the analysis of these five sections, Manning & Company International determined two major themes causing overdue and over-budget projects. The first theme is the use of a huge variety of different methods and processes to conduct project management leading to ineffective use of company resources and time. The second theme relates to team development and how the lack of control in team and project selection affects motivation leading to
REDUCING RED STONE’S BUDGET AND SCHEDULING DEFICIENCIES
REDUCING RED STONE’S BUDGET AND SCHEDULING DEFICIENCIES
Prepared for
The Red Stone Corporation
Prepared by
Andy Tran,
Megan Manning
Meghan Murray
Salwa Nsier
Wednesday 21st, November 2012
Executive Summary
Manning & Company International commissioned this report to determine Red Stone Corporation's budget and schedule deficiencies. We have developed a survey as a method to perform a gap analysis and upon further analysis, provide recommendations to eliminate the deficiencies to give Red Stone a competitive advantage among their competitors.
The gap analysis was performed to analyze the responsibilities of the project managers and process they use to complete projects. Project managers completed surveys, which provided a set of data; the surveys focused on five sections such as the current company position and profile, project information, project pitfalls, team management, and human resources.
Section one provided a profile of current project managers at Red Stone. Section two included project information such as budgets and methods used to measure the schedule and costs of projects. Section three has more methods and processes such as communication processes, identifying the risks, closing out processes. Section four introduces team management and the team selection process. Finally, the last section has the topic of human resources; particularly benefits and salary.
Based on the analysis of these five sections, Manning & Company International determined two major themes causing overdue and over-budget projects. The first theme is the use of a huge variety of different methods and processes to conduct project management leading to ineffective use of company resources and time. The second theme relates to team development and how the lack of control in team and project selection affects motivation leading to