Business Case Analysis Team And Business Solution Overview

Role

The techniques used in the business problem identification are stated below.

1. Online marketing survey. In this process, google form is used to collect data from different project managers and financial advisors from different industries. This process analysis is used to run project smoothly and the managers of Go Native Project will get solutions to improve the financial sector and will improve overall project deliverables.
2. The scenario analysis is another method to predict the possible consequences of the current situations and assume the future trends.

 The Data are collected by using a google survey method where a closed set of questions will be there. Once the data are collected from various resources, then the data are verified through secondary analysis. Here, the online books, journals, and pdfs are explained to run the project successfully with the appropriate project validation and verification process.

Stakeholders who are engaged to identify the business problem are Financial Analysts, Financial Advisors, and Project Managers

Project Managers are responsible to identify resource conflicts and possible business-associated risks. The project management risks like project timeline issues and performance management risks are maintained by him/her.

Financial Analysts are another project development team member of the Go Native Project. They will predict the overall costs and analyse risks related to the costs for each project development stage.

• Political stability and significance of the services and products in the economy of the country
• Legal framework for enforcement of contract
• Pricing regulations
• Favored business partners
• Protection of intellectual property
• Mandatory benefits for the employees
• Work week regulations in the industrial services

• Intervention of government in free market
• Quality of infrastructure in the industrial services
• Education level in the economy
• Exchange rate and stability of the currency
• Discretionary income
• Economy rate of growth
• Comparative advantages of the host country

• Skill level and demographic of population
• Culture
• Leisure interests
• Attitudes related to environmental and health consciousness
• Education standard and education level in the management

• Impact of technology on service offering
• Rate of the technological diffusion
• Technological development
• Impact of technology on the cost structure

• Laws regulating the environment pollution
• Different markets have various environmental standards or norms
• Attitude and support for the sustainable environment

• Discrimination law
• Data protection
• Health and safety law
• Employment law
• Copyright, intellectual property or patents law

• Excellent reputation of Go Native
• Quality work
• High safety Standards

• Communication
• Stakeholder management
• Account management

• Government contracts
• Certifications
• Adoption of new technologies

• Changing laws and regulations
• Competitors in market

This business can face financial issues in the case of learning and development programs. Lack of business sponsorship may raise a financial crisis at the very initial stage of this Go Native Project. Because of the financial crisis, the organization can face delay in their project. Moreover, the new technology adoption is another issue due to absence of the sufficient project requirements. Lack of proper project management can be a huge issue for implementing any program or adopting any new technology, which may lead to stay them behind any other company.

Root cause analysis can be used as the alternative solution. This is one of the simple powerful methods for practical problem solving. This method includes four-step methodology for identifying the project issues. This tool will help in distinguishing the key cause of the problems from the other general factors so that the corrective measures can be taken (Dosko?il and Lacko 2019). By knowing the key cause of the problem or any issue, the most practical solution can be chosen, which will meet the specific requirements of the project. This will also help in getting out of the problems.

The business solution that can be used as the business solution is the implementation of effective project management software or tool. Project management tool will allow in planning as well as delegating the work in one single place with the activities, folders, sub-tasks, workflows and templates. Project management tool in this project can be customized for fitting the requirements of the teams of various sizes and with various goals.

The implementation of the project management tools will help in aligning the mission, vision and objectives of the project that will allow the Go Native Project to prioritize the project. This will also help the project organization to reach long term goals in the rapid way.

The goal of this business solution will be to help the project organization to foresee the challenges and risks, which may harm the project.

The objectives of this business solution will be to provide the effective solution for the business and to help the business organization in planning, controlling, and monitoring the processes, people, and the other elements for making the project successful.

Description

The performance criteria of the project management tool implementation project are to collect, analyse, report, interpret, monitor, and control the data and to support the goals settings of the Go Native Project organization.

Assumptions of this project are:

This project will be completed within the estimated budget and time.

The project will help in providing effective solution to the project.

This project will also help to reduce the chances of project management issues like financial crisis or lack of project management.

The followings are the milestone of the project management tool implementation project:

1. Requirement gathering
2. Validating the requirement expectations
3. Predevelopment planning
4. Implementation of the project management tool
5. Quality Assurance testing
6. User acceptance testing
7. Deployment
8. Support

The proposed solution for the Go Native Project business will impact the organization significantly. This will impact the process and tools of the organization as this will automate the project management process, which will be one stop solution for the organization, where the organization will be able to manage their project finance, timeline and other activities using the project management tool (Irfan et al. 2020). This will also reduce the use of the other tools and software.

This tool will also impact the environment and the community of the project organization. This project management tool implementation project will help in making the environment sustainable and this will also provide a suitable environment for the employees to work.

A new role will be created because of the implementation of the project management tool such as system administrator, who will be administrating the new project management system and will also check whether the system is working properly or not.

The cost benefit analysis for the project management tool implementation project has been done using MS Excel. This was a simple and easy tool to use for cost benefit analysis. Total Development cost of the project is $27,500, which includes hardware, software, development team fees and training cost. The operational cost is $57,350, which includes hardware, software, other elements and operation cost. Approx. salary saving cost is $80,000 and reduced operating cost is $30,000. Discount rate that has been used is 5%.

The Go Native Project organization should improve their decision making process. They also need to engage the users, who will be using the project management tool. They also need to let the business needs dictate the project management tool solution (Hyväri 2016). Most important, the communication in the project should be effective so that the team members and the project managers can seamlessly communicate with each other. Proper communication will help in resolving the project management related issues effectively.

References

Alves, J.L., Ferreira, E.A. and de Nadae, J., 2021. Crisis and risks in engineering project management: A review. Brazilian Journal of Operations & Production Management, 18(4), pp.1-17.

Breese, R., Couch, O. and Turner, D., 2020. The project sponsor role and benefits realisation: More than ‘just doing the day job’. International Journal of Project Management, 38(1), pp.17-26.

Dosko?il, R. and Lacko, B., 2019. Root Cause Analysis in Post Project Phases as Application of Knowledge Management. Sustainability, 11(6), p.1667.

Hyväri, I., 2016. Roles of top management and organizational project management in the effective company strategy implementation. Procedia-Social and behavioral sciences, 226, pp.108-115.

Irfan, M., Hassan, M., Hassan, N., Habib, M., Khan, S. and Nasruddin, A.M., 2020. Project management maturity and organizational reputation: A case study of public sector organizations. IEEE Access, 8, pp.73828-73842.

Lyubykh, Z., Bozeman, J., Hershcovis, M.S., Turner, N. and Shan, J.V., 2022. Employee performance and abusive supervision: The role of supervisor over?attributions. Journal of Organizational Behavior, 43(1), pp.125-145.

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