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respond/answer to the questions in a simple paragraph to each one bellow (separate) #1 through #4 SUBSTANTIVE 1 full paragraph on each of the responses (separately) • Greet a specific student or a group of fellow students by name. • Put key concepts in own words and provide unique examples •Add substantive information, asks meaningful questions to peers and provides substantive responses •Draw insightful conclusions that are thoroughly defended Write responses that can be easily understood and are clear and concise • Clearly identify the source of information and evidence that you do use. • Include detail from our text and common reading as evidence for what you have to say (Remember that others will need to draw on our readings, too, so only use just enough information from our readings to make your point clearly). #1. Amanda, I have never worked on a project that followed the nine knowledge areas of a project. In the company I work for, there are some areas that are always addressed and some that are not. For example, scope, time, and cost are three areas the company really focuses on. Scope is important to determine time and cost. If the scope is not clear then it can lead to scope change an scope creep, which can affect the schedule of the project as well as the budget. The schedule (time) and budget (cost) are also important because it can either cause a project to be approved or denied. The company does manage projects effectively to ensure the project is delivered on time and on cost. The company also relies on human resource management. Resources assigned to various projects are trained to perform specific tasks. The downside is that project teams can work against each other if there is internal conflict (which can and has delayed the project). The company varies on quality. Some Project Managers (PMs) really focus on quality by performing testing at milestones. This has helped identify errors that may have been overlooked to ensure the project will deliver what is expected without issues. Other PMs have less concern over quality and figure that the customer can open demand tickets (another project) to resolve errors after project completion. The PMs who do this are more focused on finishing the project on cost and on time than worrying about the quality of the project (especially if the project is behind schedule). Another area that is hit or miss is risk management. Many of the systems at the company I work for are entwined together. Some PMs manage this by communicating with other functional areas to see how changes to one system can affect another. This is usually done during the scope of the project. For example, the group I work for has a project in the works; however, will take a lot longer to implement because of the other systems that would be affected. Some PMs, on the other hand, have blinders on and neglect to see how changes can impact other areas. This usually leads to additional work after project completion. Communication, procurement, and integration seem to be lacking in the company. #2. Caitlin, The basic definition of a project is any non-routine activity that involves planning. Although I have never been a project manager, I have been involved in several projects early in my career. The most recent being a top sponsor for a local humane society event. This project involved project scope management. Project scope management was essential at the start of the project to develop an outline of what we needed accomplished, how long it would take, and when it needed to be done by. Project time management also played a role in the election of deadlines. In the intial stages of the project, many of the deadlines centered on what our expenses would/should be. Project cost management helped us determine how much to spend on our donation, as well as the booth we had to design for the event. Communication also played an important role in the project, because delegation played a large role in accomplishing tasks. Communication enabled transparency within the team to ensure that deadlines were met on time. The final two areas of knowledge that were utilized were human resource and integration management. These two areas entailed motivating the staff and tying all areas together on the day of the event. The only two knowledge areas that were not utilized for this project were project procurement and risk management. The reason for the lack of procurement knowledge is because vendors and subcontractors were not needed for the project. Risk management, however, would have been useful as problems arised on the day that were not accounted for, such as heavy rain that dampened attendance at the event. #3. Toni, The explore mentality at Amazon is more than likely at Zappos and Google new companies that have change over their years. When I say new companies I mean in the last 10 years of so. You have a lot of dinosaur companies out there that are definitely conqueror mentality. The company I research for this class was NIke, Inc. and I can see them using this type of strategy for employees up to a certain level. Maybe up to management but after managment I dont think it would work. I believe this only works in certain industries like IT and shoe apparel. However, mainstream companies are very much conqueror mentality. In those settings it is not a service being perform its more of supply me with this information to get this work done. I work for the state government office and there is no explore mentality. People leave it for two reason better paying job or they are retiring. We are a number crunch agencies that have to enforce laws, regulations and collect money from corporation. Unfortunately the federal and state government agencies are probably conqueror mentality. #4. Vinod, Amazon’s explorer mentality is relevant for rapidly evolving businesses. That attitude will help companies to radically change the way the business is conducted. Apple is one such example of having conqueror mentality and this mentality is attributed to Steve Jobs. He was instrumental in introduction of devices like i-mac, i-pod, i-phone and i-pad (Hoppel, 2011). Introduction of i-pads has changed the way users look at personal computing. Tablets are now predicted to outsell all other PC form factors from 2014 to 2017 (Donnelly, 013). Earlier, i-pods caused a decline in the music CD sales (Covert, 2013). These changes helped Apple grow and enter newer markets. Apple did not employ any conqueror mentality. They simply delivered quality devices that solved customer problems. If businesses can help customers solve their problems it is a win-win situation for both the business and the customer. Movie DVD business is one more example, Netflix’s explorer attitude helped alter the movie rental business process. First it created the dvd rental via post and then when technology permitted, it setup a online streaming service. The result was ouster of blockbuster stores (Sicoli, 2014). Our business has shades of conqueror attitude. We facilitate trading for many of institutional investors. The current strategy is to offer what the competitors offer with either reduced prices or enhanced features. There is no new product or redefining the way the business is conducted. This approach has worked for the company for the last 20 years and has helped during the economic downturn. This business has not changed much but going forward I think they should look at changing the attitude to explorer attitude to fight the low trading volume problems (Maierhofer, 2012). They can look at investing more in IT for faster trading and creating unique trade algorithms. They can also look at offering value additions to customers for example, providing free research etc in exchange for new orders.

respond/answer to the questions in a simple paragraph to each one bellow (separate) #1 through #4

SUBSTANTIVE 1 full paragraph on each of the responses (separately)

• Greet a specific student or a group of fellow students by name.

• Put key concepts in own words and provide unique examples

•Add substantive information, asks meaningful questions to peers and provides substantive responses

•Draw insightful conclusions that are thoroughly defended

Write responses that can be easily understood and are clear and concise

• Clearly identify the source of information and evidence that you do use.

• Include detail from our text and common reading as evidence for what you have to say (Remember that others will need to draw on our readings, too, so only use just enough information from our readings to make your point clearly).

 

#1.       Amanda,

I have never worked on a project that followed the nine knowledge areas of a project.  In the company I work for, there are some areas that are always addressed and some that are not.  For example, scope, time, and cost are three areas the company really focuses on.  Scope is important to determine time and cost.  If the scope is not clear then it can lead to scope change an scope creep, which can affect the schedule of the project as well as the budget.   The schedule (time) and budget (cost) are also important because it can either cause a project to be approved or denied.  The company does manage projects effectively to ensure the project is delivered on time and on cost.  The company also relies on human resource management.  Resources assigned to various projects are trained to perform specific tasks.  The downside is that project teams can work against each other if there is internal conflict (which can and has delayed the project).

The company varies on quality.  Some Project Managers (PMs) really focus on quality by performing testing at milestones.  This has helped identify errors that may have been overlooked to ensure the project will deliver what is expected without issues.  Other PMs have less concern over quality and figure that the customer can open demand tickets (another project)  to resolve errors after project completion.  The PMs who do this are more focused on finishing the project on cost and on time than worrying about the quality of the project (especially if the project is behind schedule).

Another area that is hit or miss is risk management.  Many of the systems at the company I work for are entwined together.  Some PMs manage this by communicating with other functional areas to see how changes to one system can affect another.  This is usually done during the scope of the project.  For example, the group I work for has a project in the works; however, will take a lot longer to implement because of the other systems that would be affected.  Some PMs, on the other hand, have blinders on and neglect to see how changes can impact other areas.  This usually leads to additional work after project completion.

Communication, procurement, and integration seem to be lacking in the company.

#2.       Caitlin,

The basic definition of a project is any non-routine activity that involves planning.  Although I have never been a project manager, I have been involved in several projects early in my career.  The most recent being a top sponsor for a local humane society event.  This project involved project scope management.  Project scope management was essential at the start of the project to develop an outline of what we needed accomplished, how long it would take, and when it needed to be done by.  Project time management also played a role in the election of deadlines.  In the intial stages of the project, many of the deadlines centered on what our expenses would/should be.  Project cost management helped us determine how much to spend on our donation, as well as the booth we had to design for the event.  Communication also played an important role in the project, because delegation played a large role in accomplishing tasks.  Communication enabled transparency within the team  to ensure that deadlines were met on time.  The final two areas of knowledge that were utilized were human resource and integration management.  These two areas entailed motivating the staff and tying all areas together on the day of the event.

The only two knowledge areas that were not utilized for this project were project procurement and risk management.  The reason for the lack of procurement knowledge is because vendors and subcontractors were not needed for the project.  Risk management, however, would have been useful as problems arised on the day that were not accounted for, such as heavy rain that dampened attendance at the event.

#3.       Toni,

The explore mentality at Amazon is more than likely at Zappos and Google new companies that have change over their years. When I say new companies I mean in the last 10 years of so. You have a lot of dinosaur companies out there that are definitely conqueror mentality. The company I research for this class was NIke, Inc. and I can see them using this type of strategy for employees up to a certain level. Maybe up to management but after managment I dont think it would work.

I believe this only works in certain industries like IT and shoe apparel. However, mainstream companies are very much conqueror mentality. In those settings it is not a service being perform its more of supply me with this information to get this work done.

I work for the state government office and there is no explore mentality. People leave it for two reason better paying job or they are retiring. We are a number crunch agencies that have to enforce laws, regulations and collect money from corporation. Unfortunately the federal and state government agencies are probably conqueror mentality.

#4.       Vinod,

Amazon’s explorer mentality is relevant for rapidly evolving businesses. That attitude will help companies to radically change the way the business is conducted.  Apple is one such example of having conqueror mentality and this mentality is attributed to Steve Jobs. He was instrumental in introduction of devices like i-mac, i-pod, i-phone and i-pad (Hoppel, 2011). Introduction of i-pads has changed the way users look at personal computing. Tablets are now predicted to outsell all other PC form factors from 2014 to 2017 (Donnelly, 013).  Earlier, i-pods caused a decline in the music CD sales (Covert, 2013). These changes helped Apple grow and enter newer markets. Apple did not employ any conqueror mentality. They simply delivered quality devices that solved customer problems. If businesses can help customers solve their problems it is a win-win situation for both the business and the customer. Movie DVD business is one more example, Netflix’s explorer attitude helped alter the movie rental business process. First it created the dvd rental via post and then when technology permitted, it setup a online streaming service. The result was ouster of blockbuster stores (Sicoli, 2014).

 

Our business has shades of conqueror attitude. We facilitate trading for many of institutional investors. The current strategy is to offer what the competitors offer with either reduced prices or enhanced features. There is no new product or redefining the way the business is conducted. This approach has worked for the company for the last 20 years and has helped during the economic downturn.  This business has not changed much but going forward I think they should look at changing the attitude to explorer attitude to fight the low trading volume problems (Maierhofer, 2012). They can look at investing more in IT for faster trading and creating unique trade algorithms. They can also look at offering value additions to customers for example, providing free research etc in exchange for new orders.

 

 

 

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