The paper is to follow APA rules and guidelines.You must have at least 5 academic sources, maximum two of which can be a textbook; the remaining must be peer reviewed articles.The paper is to be 5000 (+/- 10%) words in length.The paper must have a title page, and abstract and a separate page for references at the end. It is expected that the introduction comprises no more than 10% of the paper, the analysis is to be roughly 70% of the paper, and the remaining 20% to be conclusion and recommendations.
The paper is to follow APA rules and guidelines. You must have at least 5 academic sources, maximum two of which can be a textbook; the remaining must be peer reviewed articles. The paper is to be 500
Yorkville University BUSI 3643 Advanced Project Management Case Study on CTD Company Ltd. TD Company Ltd. (CTD) was a second -tier component supplier to the auto industry. Their largest customer was Ford Motor Company. CTD had a reputation for de livering a quality product. During the 1980s and the early 1990s, CTD ‘s busi ness grew because of its commitment to quality. Emphasis was on manufacturing operations , and few attempts were made to use project management theories, approac hes, models, methodologies, and concepts . All work was controlled by line managers who, more often than not, were overburdened with work. The culture at CTD underwent a rude awakening in 1996. In the summer of 1996 , Ford Motor Company established four prod uct development objectives for both tier one and tier two suppliers : • Lead time: 25 -35 percent reduction • Internal resources: 30 -40 percent reduction • Prototypes: 30 -35 percent reduction ( time and cost ) • Continuous process improvement and cost reductions The objectives were aimed at consolidation of the supply base with larger commitments to tier one suppliers, who would now have greater responsibility in vehicle development, launch , process improvement, and cost reduction. Ford had established a time fram e of twenty -four months for achievement of the objectives. The ultimate goal for Ford would be the creation of one global, decentralized ve hicle development system that would benefit from the efficiency and technical ca pabilities of the original equipme nt manufacturers (OEMs) and the sub supplier infrastructure . STRATEGIC REDIRECTION: 1996 CTD realized that it could no longer compete on quality alone. The marketplace had changed. The strategic plan for CTD was now based upon maintaining an industry leadership position well into the twenty -first century. The four basic el ements of the strategic plan included: C • First to market ( faster development and tooling of the right products) • Flexible processes ( quickly adaptable to model changes) • Flexible products (multiple niche products from shared platforms and a quick -to-change methodology) • Lean manufacturing (low cost, high quality, speed, and global economies of scale) The implementation of the strategy mandated su perior project management performance but changing a sixty -year culture to support project management would not be an easy task. The president of the company established a task force to identify the cultural issues of converting over to an informal project management system. The presi dent believed that project management would eventually become the culture and, therefore , that the cultural issues must be addressed first. The following list of cultural issues was identified by the task force: • Existing techn ical, functional departments currently do not adequately support the systemic nature of projects as departmental and individual objectives are not consistent with those of the project and the customer. • Senior management must acknowledge the movement away f rom traditional, “over the fence,” management and openly endorse the significance of project management, teamwork, and delegation of authority as the future – a new wave of Project Management Life Cycle Mode (PMLC) . • The company must establish a system of project sponsorship to support project managers by trusting them with the responsibility and then em powering them to be successful. • The company must educate managers in project and risk management and the cultural changes of cross -functional project supp ort; it is in the manager ‘s self -interest to support the project manager by providing nec essary resources and negotiating for adequate time to complete the work . • The company must enhance information systems to provide cost and sched ule performance information for decision -making and problem resolution . • Existing informal culture can be maintained while utilizing project man agement to monitor progress and review costs. Bureaucracy, red tape, and lost time must be eliminated through pr oject management ‘s enhanced communications , standard practices, and goal congruence . The task force, as a whole, supported the idea of informal project manage ment and believed that all of the cultural issues could be overcome. The task force identified four critical risks and the method of resolution: 1. Trusting others and the system. • Resolution: Training in the process of project management and under standing of the benefits. Interpersonal training to learn to trust in each other and in keeping commitments will begin the cultural change. 2. Transforming sixty years of tradition in vertical reporting (Traditional Waterfall Approach into horizontal project management (perhaps Agile manifesto). • Resolution: Senior management sponsor the implementation pro gram, participate in training, and fully support efforts to implement project management across functional lines with encouragement and patience as new organ izational relationships are forged . 3. Capacity constraints and competition for resources. • Resolution: Work with managers to understand constraints and to de velop alternative plans for success. Develop alternative external capacity to support projects. 4. Incon sistency in application after introduction. • Resolution: Set the clear expectation that project management is the operational culture and the responsibility of each manager. Set the im plementation of project management as a key measurable for man agement i ncentive plans. Establish a model project and recognize the efforts and successes as they occur. The president realized that project management and strategic planning were related. The president wondered what would happen if the business base would grow as anticipated. Could project management excellence enhance the business base even further? To answer this question, the president prepared a list of com petitive advantages that cou ld be achieved through superior project management performance : • Project management techniques and skills must be enhanced, especially for the larger, complex projects. • Development of broader component and tooling supply bases would pro vide for additional capacity. • Enhanced profitability would be possible through economies of scale to utilize project managers and skilled trades resources more efficiently through balanced workloads and level production. • Greater purchasing leverage would be possible through l arger purchasing volume and sourcing opportunities. • Disciplined coordination, reporting of project status and proactive project management problem -solving must exist to meet timing schedules, bud gets, and customer expectations. • Effective project managemen t of multitiered supply base will support sales growth beyond existing, capital intensive, internal tooling, and pro duction capacities. The wheels were set in motion. The president and his senior staff met with all of the employees of CTD Company Ltd. to discuss the implementation of project management. The president made it clear that he wanted a mature project management system (PMLC Model) in place within thirty -six months . CASE QUESTIONS 1. Does CTD have a choice in whether to accept project management as a culture ? 2. How much influence should a customer be able to exert on how the contractors manage projects? 3. Was CTD correct in attacking the cultural issues first? 4. Does the time frame of thirty -six months change over seem practical? 5. What chance of success do you give CTD? 6. What dangers exist when your customers are more knowledgeable than you are concerning project management? 7. What type of Project Management Life Cycle Model will best fit for the situation in question 6? Please provide adequate reaso ns. 8. Is it possible for your customers’ /owner’s knowledge of project management to influ ence the way that your organization performs strategic planning for project management? 9. Should your customer, especially if a powerful customer, have an input in the w ay that your organization performs strategic planning for project manage ment? If so, what type of input should the customer have and on what subject matter? 10. If a singular methodology for project management already exists, then how difficult will it be to make major changes to the methodology and what type of resistance, if any, should management expect? Instructions and Evaluation The paper is to follow APA rules and guidelines. You must have at least 5 academic sources, maximum two of which can be a textbook; the remaining must be peer reviewed articles. The paper is to be 5000 (+/ – 10%) words in length. The paper must have a title page, and abstract and a separate page for references at the end. It is expected that the introduction comprises no more than 10% of the paper, the analysis is to be roughly 70% of the paper, and the remaining 20% to be conclusion and recommendations. Submit your paper through Turnitin by 11:59pm on June 09, 2022. Evaluation Individual Project Management Case Study will be marked in its entirety out of 100. The following rubric indicates the criteria students are to adhere to, and their relative weights to the assignment overall. Activity/Competencies Demonstrated % of Final Grade Your Marks Critical Analysis /70 a. Depth of case analysis – in-depth analysis of case covering the deliverables as set in the case questions /30 b. Breadth of case analysis – issues related to case questions have adequately been addresses including sound models and appropriate methodologies /20 c. Concepts and theories – advanced project management concepts have been used in relation to responses to the case /20 Communication /20 d. Uses language clearly and effectively /10 e. Information organized intelligently and holistically /5 f. Proper Abstract, introduction and conclusion to paper /5 Style and Mechanics /10 g. APA Referencing and formatting (title, headings, and references) /5 h. Spelling and grammar /5 Total /100
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