Ask Project Management Expert

Maximum Megahertz Project

Olaf Bundi, the CEO of Wireless Telecom Company, is in quandary. Last year he accepted the maximum megahertz project suggested by six up-and coming young R&D corporate stars. Although Olaf did not truly understand the technical importance of the project, the creators of the project needed only 600,000 so it seemed like a good risk. Now the group is asking for $800,000 more and a six-month extension on a project that is already four months behind. However, the team feels confident they can turn things around. The project manager and the project team feel that if they hang in there a little longer they will be able to overcome the roadblocks as they are encountering-especially those that reduce power, increase speed, and use a new technology battery. Other managers familiar with the project hint that the power pack problem might be solved, but the battery problem will never be solved. Olaf believes he is locked into this project; his gut feeling tells him the project might never materials, and he should get out. John his human resource manager suggested bringing in a consultant to axe the project.

Olaf decided to call his friend Dawn O'Connor, the CEO of an accounting software company. He asked her, ‘what do you do when project costs and deadlines escalates drastically? How do you handle doubtful, projects? Her response was, ‘let another project manager look at the project. Ask: ‘if took over this project tomorrow, could you bring in this project on time and within budget with the extended time and additional money? If the answer is no, I call my top management team together and have them review the doubtful project in relation to other projects in our project portfolio' Olaf feels this is a good advice.

Unfortunately, the maximum megahertz project is not an isolated example. Over the last five years, there have been three projects that were never completed. We just seemed to pour more money into them, even though we had a pretty good idea the projects were dying. The cost of those projects was high; those resources could have been better used on other projects. "Olaf wonders, "Do we ever learn from our mistakes? How can we develop a process that catches errant projects early? More importantly, how do we ease a project manager and team of an errant project without embarrassment?" Olaf certainly does not want to lose the six bright stars on the Maximum Megahertz Project.

Olaf contemplating how his growing telecommunications company should deal with the problem of identifying projects that should be terminated early, how to allow good managers to make mistakes without public embarrassment, and how they all can learn from their mistakes.

Give Olaf a plan of action for the future that attacks the problem. Be specific and provide examples that relate to Wireless Telecom Company.

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M9368362
  • Price:- $45

Priced at Now at $45, Verified Solution

Have any Question?


Related Questions in Project Management

Presentation and written assessment -the argumentative

Presentation and Written Assessment - The argumentative essay must be 1500 words in length. The presentation is about 10-15 minutes long depending on the size of the group. Task Description: The objective of this assignm ...

Topic - identifying the ways to overcome the communication

Topic - Identifying the ways to overcome the communication barriers of international project management students at central Queensland University. Literature review (1000 words) References would be needed in this section ...

Case study continuous improvementintroductionprecision

Case study: Continuous Improvement Introduction Precision Engineering Works Private Limited (PEW) is an original equipment manufacturer specialising in plastic moulding parts for the telecommunication industry. They have ...

Advanced project risk managementaimthe aim of this

Advanced Project Risk Management Aim: The aim of this assignment is to: demonstrate the understanding of Decision Tree/Expected Monetary Value and the use of the software Precision Tree schedule a project using Oracle Pr ...

Critical analysis reportthis is a group assessment for face

Critical Analysis Report This is a group assessment for face to face students and individual assessment for distance students The primary purpose of this assessment is to help you to develop and demonstrate your skills i ...

Project managment1explain what is meant by the following

Project managment 1. Explain what is meant by the following: "The project scope statement should not be built in isolation." 2. Discuss project management related problems created due to "scope creep." Each question shou ...

Project management for business assignment -enabling a

Project Management for Business Assignment - Enabling a Customer-Centric Experience through Project Management (Case Study Adapted from Project Management Institutes) Organization: Du Telecom and Huawei Technologies Co. ...

Principles of project management minor case study

Principles of Project Management Minor Case Study Assignment - Assignment objective - You are required to investigate a Project Management scenario, using information given to develop a written report and presentation to ...

Project management assessment - research studypurpose of

Project Management Assessment - Research Study Purpose of the assessment - Develop skills in Project communication planning. Communication is Key to Successful Project Management. The cases illustrate different approache ...

Assessmentthis assignment involves the portfolio of

Assessment This assignment involves the Portfolio of Materials and Team Charter 1. Description and justification of the innovation process used. A 1-page plan/outline that explains how social media will be used A short b ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As