Homework Help for Project Management

Assignment Brief

In the past four years or so, the Ghanaian economy has experienced appreciable challenges regarding; unavailability and increased cost of energy, high interest rates, reduced consumption pattern, and increased competition in the manufacturing sector, especially, the food and beverage industry. Nevertheless, some firms (both local and international) such as; ABL, Guinness Gh. Ltd, Nestle Gh. Ltd, Despite Group Ltd etc. not only survived the challenges but also experienced growth and expanded manufacturing capacity, as a results of successful introduction of both enhanced and new products. Our world today is increasingly, becoming borderless, with global customers, global suppliers, global manufacturers, and global stockholders and creditors etc. It is not exaggeration that in an industry that is, or is rapidly becoming, global, the riskiest possible posture of manufacturing firms is to remain a domestic competitor. Initiating, continuing, and/or expanding international operations brings advantages to the firm including: gain new customers for their products, increased revenues, and increased profitability. However, global operators also face disadvantages such as: short product life cycle, and correspondingly, reduced cycle time for new product development and introduction, from idea inception to product launch, in high velocity in industries.

Surviving and Growing with NPDI.

The course that you have gone through, Global Engineering Strategy, shows that new product development and introduction positively relates to the operations performance, and ultimately, the competitive position of the firm. Moreover, study reveals that the performance of both enhanced and new products depends, to a large extent, on the manufacturing strategy in terms of effectiveness (create right products) and efficiency (at lowest cost).

Find an academic research paper or case study of a manufacturing firm of your choice with or without global presence that survived the economic situation above, with special emphasis on New Product Development and Introduction (NPDI). The case should describe the firm’s manufacturing strategy to compete in the Local/international market through innovative products offering.

Questions (Answer all Questions)

1. Using tools such as; Product Life Cycle (PLC), Boston Company Group Matrix (BCG) or any other tools you are familiar with, apply a conceptual framework to analyse product stage and make investment decisions in product enhancement or new product development and introduction.                                                                                                        

1. Discuss and analyse the imperatives of New Product Introduction (NPI) and its impact on company performance.                                                                                                                            

1. Critically appraise the key stages of the product development process, with

Particular emphasis on consideration of its manufacturing strategy.

GUIDELINES/INSTRUCTIONS

1. The answer should not exceed 1500 words
2. Font size 12 (Time New Roman) and 1.5 spacing
3. Do not forget to include a word count & a copy of your chosen case study.
4. Assignment deadline:- 10th August 2023

Assignment Brief

In the past four years or so, the Ghanaian economy has experienced appreciable challenges regarding; unavailability and increased cost of energy, high interest rates, reduced consumption pattern, and increased competition in the manufacturing sector, especially, the food and beverage industry. Nevertheless, some firms (both local and international) such as; ABL, Guinness Gh. Ltd, Nestle Gh. Ltd, Despite Group Ltd etc. not only survived the challenges but also experienced growth and expanded manufacturing capacity, as a results of successful introduction of both enhanced and new products. Our world today is increasingly, becoming borderless, with global customers, global suppliers, global manufacturers, and global stockholders and creditors etc. It is not exaggeration that in an industry that is, or is rapidly becoming, global, the riskiest possible posture of manufacturing firms is to remain a domestic competitor. Initiating, continuing, and/or expanding international operations brings advantages to the firm including: gain new customers for their products, increased revenues, and increased profitability. However, global operators also face disadvantages such as: short product life cycle, and correspondingly, reduced cycle time for new product development and introduction, from idea inception to product launch, in high velocity in industries.

Surviving and Growing with NPDI.

The course that you have gone through, Global Engineering Strategy, shows that new product development and introduction positively relates to the operations performance, and ultimately, the competitive position of the firm. Moreover, study reveals that the performance of both enhanced and new products depends, to a large extent, on the manufacturing strategy in terms of effectiveness (create right products) and efficiency (at lowest cost).

Find an academic research paper or case study of a manufacturing firm of your choice with or without global presence that survived the economic situation above, with special emphasis on New Product Development and Introduction (NPDI). The case should describe the firm’s manufacturing strategy to compete in the Local/international market through innovative products offering.

Questions (Answer all Questions)

1. Using tools such as; Product Life Cycle (PLC), Boston Company Group Matrix (BCG) or any other tools you are familiar with, apply a conceptual framework to analyse product stage and make investment decisions in product enhancement or new product development and introduction.                                                                                                        

2. Discuss and analyse the imperatives of New Product Introduction (NPI) and its impact on company performance.                                                                                                                            

1. Critically appraise the key stages of the product development process, with

Particular emphasis on consideration of its manufacturing strategy.

GUIDELINES/INSTRUCTIONS

1. The answer should not exceed 1500 words
2. Font size 12 (Time New Roman) and 1.5 spacing
3. Do not forget to include a word count & a copy of your chosen case study.
4. Assignment deadline:- 10th August 2023

A proposed project is being procured through a Public – Private Partnership (PPP). In the PPP procurement process, two companies (the SPVs – special purpose vehicles) A and B with each having 0.5% chances of selection. The risks analysis document reveals that SPV ‘A’ has 0.4 risk of performance failure, whiles SPV ‘B’ has 0.3 risk of performance failure.

Using Decision Tree Analysis as as a project manager critically assess the options and advise on the best SPV to be chosen.

C1. Poorly defined scope of work SOW, is a recipe for disaster and introduces a project to risk during the contracting and procurement process. Critically analyse this statement in the light of Fixed Price (FP) Contract.

C2. Project Risk, Stakeholder influence, and the cost to manage the risk events are both a function of time based on the project life cycle. Using a diagram/graph appraise the statement. And prove that it is better to identify risk at the beginning of the project than later in the life cycle of a project.

E1. Risk should be adequately planned for to avert any unforseen circumstance which can potentially degenerate into project failure. Describe what is Risk Planning.

E2. Briefly discuss how risk identification, risk probability and effect and risk response strategy influence the project life cycle.

E3. Draw a sample risk register indicating common items usually found in such a register.

D1. The exercise of power is a prerequisite for project success. Discuss four power bases that can help project managers to succeed in their profession.

D2. Discuss how the application of Moslow theory of hierachirchical needs can motivate the project team.

D3. How do you develop the project team

D4. Discuss the risk response strategies for positive risks

Organizational structure impacts greatly on the management of projects. 

Critically evaluate the potential impact the organizational structure of Projectized and Functional organizational type could have on  the management of a project.

Public speaking -

You will deliver a speech to introduce yourself to your peers. This kind of speech requires some thought and reflection about you—your interests, passions, and maybe your fears. You will also need to think about the goals you have for yourself as a communicator. As you complete the Journal assignment, look for ideas you may want to incorporate into this speech. Consider and respond to these prompts in your online Journal:

Identify two instances in your recent history when strong public speaking skills might have helped you accomplish a goal. Describe these instances.

Look ahead to identify an upcoming instance when the speaking skills you are learning may help you achieve a goal. Describe the goal and how better speaking skills will help you reach it.

Answer:

Class- Public speaking

Prompt

(5 points)

1. Once you have completed the activities in this lesson, you are ready to write down your thoughts below. Your Journal entry should include responses to these questions:

What kind of communicator do you want to be?

What goals do you have for this course?

What are two skills you want to improve while taking this course?

The Yaa Hamoah at one time worked for the National Investment Corporation as head of its Legal Department. Whilst still in its employment, she received the following letter from the Corporation. The Board of Directors at the emergency Board meeting 31 December 2004 proposed to sell the Company’s houses being occupied by the Management Staff. In this regard, occupants are being given the first offer to purchase the above-mentioned house at the cost price of US $70,307 or its Cedi equivalent. Payment shall be within 6 months.

The communique further If you are interested, you are to indicate, in writing, to the undersigned by Monday, 31 January 2005. Yaa Hamoahin reply to this letter stated that ‘‘I accept the offer to purchase House No. 4 Plateau Close at the cost price of US $ 70,307 or its cedis equivalent and to make payment within the stipulated 6 months’. And It would be greatly appreciated if details of bank accounts into which payment may be made are provided for the benefit of the house loan company.” There was no further correspondence between the parties until the dispatch of the following letter from the Corporation stating that ‘’I am directed by the Board Chairman to inform you that, as was previously communicated to you following extensive deliberations on the above matter, the Board of Directors have decided to withdraw the offer for sale of the said property to enable the Company house its new management staff’’.

On the facts, the Yaa Hamoah brought action against the Corporation, claiming that the exchange of letters in January 2005 resulted in an agreement that the Corporation would sell to the Yaa Hamoah, House No. 4 Plateau Close, East Legon Extension for the sum of US $ 70,307 or its equivalent in cedis and that the Yaa Hamoah would pay the purchase price within 6 months of the offer. She stated that though she had requested the Corporation the particulars of the bank account into which to pay the purchase price of the property, the Corporation had neglected/refused to furnish such particulars.

Use the case scenario to answer the following questions:

1. Critically analyse the above scenario and advise Yaa Hamoah on whether there was legally binding agreement between her and the Corporation.
2. Evaluate if any there are any remedies for breach of agreement.

According to Fisher and Ury in their book “Getting to Yes”, principled 
negotiation is based on a set of win-win principles. Examine these 
principles and indicate the role each plays in negotiation.

Briefly describe the term ‘Practical Completion’ with two (2) relevant 
industrial examples

Explain with examples how the following leadership styles influence compliance with health and safety standards in a mine:

• Transformational Leadership.
• Delegative Leadership.
• Authoritative Leadership.
• Transactional Leadership.
• Participative Leadership.
• Servant Leadership.

A project management case study carried out by a group of five members requires that each member write an individual reflective report on the project. What will be the content of this report, as outlined in the steps below?

1. Lesson learnt.

2. Challenges faced working as a group

3. What you would have done new when given the opportunity

Note: The group work was done via zoom 

Question 1

Discuss the the role of leadership in compliance with health and safety standards in the mining industry.

Question 2.

Explain 6 factors that influence compliance with health and safety standards in the mining industry?

Question 3

Explain 6 relationship between leadership and compliance with health and safety standards in the mining industry.