Postgraduate Diploma in Project Management - Mancosa University

Assignment Task 

Getting Capital Projects Back On Track

The first signs of a distressed project are clear. Cost begins to creep, and the project rapidly consumes the float that planners built into the schedule. As work progresses, important milestone dates continue to slip, and each forecast of projected expenses is higher than the last. Team meetings are less productive, and people become skeptical that progress reports truly reflect realities in the field. As frustration builds, enthusiasm wanes. Even the most seasoned managers may miss early signals that their project is in trouble because of cognitive bias. Some convince themselves that things are not as bad as they seem, or simply do not see that a turnaround is imminent. Others blame factors beyond their control, such as poor weather. When managers do intervene, their response is typically muted—often a series of isolated initiatives that have little impact. By the time they take more decisive action, the project has veered into dangerous territory.

Questions

1. Introduction of the project and organization of your choice.

2. The project quality challenges facing the organization (macro and micro level). This should provide a detailed overview of the issues that the turnaround strategy should be able to address.

3. Provide a detailed account of the contents of the turnaround strategy, this should entail an introduction of various quality concepts and frameworks that will be relevant in addressing the identified challenges and opportunities. The section should also address how the identified concepts/ frameworks and or philosophies should be implemented. In other words, you need to make sure that for this section you provide a blueprint on how the organization should handle project quality upon adoption of the turnaround strategy.

4. Provide a detailed account of the factors that need to be prioritized to ensure that the suggested project quality turnaround strategy is a success.

5. Provide a detailed evaluation of the project quality turnaround strategy that you are recommending for the organization. Your response should primarily address the pros and cons associated to investing in project quality strategy development and implementation.

6. Conclusion

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