Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

If I were tasked to eliminate risk to successfully implement an IT strategic idea I would hold meetings with all of the necessary parties involved in the process. Similar to how we have done in our SLP assignments, getting everyone together and creating lists such as content, functionality, structure, etc. After everyone has a clear understanding of the goals of the project I would then ask for concrete plans to be made in order to execute the proposed specifications. I think the risk is having someone with an idea but not knowing how (or having the drive to) to execute and make into a successful product. One of the things that will also need to be addressed is the scope of the idea presented. As we have learned in project management, scope creep can be a real threat to a strategic idea and must be considered in all phases of production to ensure the product you envision at the beginning of your process is the one you end up with when the project is complete. Scope creep can effect a project in a number of ways. If the project is focused too heavily on one particular area they may realize in the end that the product doesn't meet all of their wants and needs. In contrast, scope creep can also effect a project by broadening it to a point that is simply unachievable and unrealistic. By holding frequent meetings with the parties working on the product, I think it will eliminate this risk and keep everyone on the same page as far as the expected outcomes and also address any problems that may arise throughout production.

QUESTION: What are your thoughts? Would you do anything differently?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92185612
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

What steps has whole foods taken in approprately planning

What steps has Whole Foods taken in approprately planning strategy? Assuming WFoods must develop a new business model, how should they go about this?

Social medias effect on loyaltyinstructions follow

Social Media's Effect on Loyalty Instructions: Follow carefully Visit a website such as Amazon or Barnes and Noble and locate three recent books that discuss the effects of social media on customer loyalty and retention. ...

You deal 10 cards from a shuffled deck of standard playing

You deal 10 cards from a shuffled deck of standard playing cards and count the number X of black cards. Is it reasonable to use a binomial distribution for the random variable X? If a binomial distribution applies, give ...

Auburn creed i believe that this is a practical world and

Auburn Creed: I believe that this is a practical world and that I can count only on what I earn. Therefore, I believe in work, hard work. I believe in education, which gives me the knowledge to work wisely and trains my ...

Read through the case study entitled mampl manufacturing in

Read through the Case Study entitled "M&L Manufacturing" in Chapter 3 of your textbook. Examine the historical trend this company has experienced for the two products discussed. Prepare weekly forecasts for the next four ...

When using todays digital cameras file sizes are often

When using today's digital cameras file sizes are often saved in a format that is well over 1 Megabyte. This may be great for high definition photo reproductions but is a disaster for uploading to the web. Images on your ...

Question 1 systems theory integrated the ideas of the

Question 1: "Systems theory integrated the ideas of the classical and human relations' theories while contingency theory extended them."  Discuss. Question 2: "An individual's behaviour is sometimes based on their percep ...

Bull draft a one-two sentence personal definition of

• Draft a one-two sentence personal definition of leadership. Base your definition on what you have encountered, as well as on what you have already know about leadership. • Discuss the statements: "Leadership is everybo ...

Aaninformationretrievalsystemhasacertainpairofaverageprecisi

(a) An information retrieval system has a certain pair of average precision and recall values when the system returns 10 documents in response queries. Would the precision and recall rate remain unchanged if the system w ...

Do you all think that fear of retaliation may affect

Do you all think that fear of "retaliation" may affect decisions by individuals in today's health care organizations? Do you all think that some of the specialized areas of expertise i.e. surgical areas, may have some in ...

  • 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