Essays on Business Project Management - Blue Spider Case Study

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The paper 'Business Project Management - Blue Spider" is a good example of a management case study. The objective of the report was to upraise the Blue Spider Project. The result of the analysis shows poor management of the risks with the main stakeholders of the project being Parks Corporation, Lord Industries, and the Department of Defence. The project manager was selected in an unethical manner despite the fact that he qualified. In addition, mistrust can lead to failure in a project. Even though the Firm Fixed Price contract can be used in contracts that need no adjustment is can be substituted by the Fixed-Price Contracts with Prospective Price Redetermination.

The general performance of the project was good since the customer seemed satisfied. The lessons learned in the process include: risk and communication management are important in projects same to ethics, competence, and qualification of personnel. As a recommendation, the project managers need to be team players, good listeners, optimistic, prioritizing, visionary, and proactive in their activities. 1.0 Introduction The report is a project appraisal based on the Blue Spider Project.

The project was done at the individual level and specific questions answered. The project appraisal report helps in demonstrating what the students have been able to learn in project management for the whole semester. The main questions that are to be addressed in the project appraisal of Blue Spider Project are the risks at different phases of the project; the key stakeholders in the project; the selection process of the project manager; mistrust between customer and contractor; Firm Fixed Price Contract and its alternative; and project management evaluation. The structure of the report can be summarised into Executive Summary; Table of Content; Introduction; Body; Conclusion and Reference List. 2.0 Project Appraisal 2.1 Risk Management 2.1.1 Initial Phase The initial phase is the first stage in a project after planning.

The main challenge at this phase was ensuring that the components of the Spartan Missile could successfully and normally operate at a temperature range of 145° F and -65° F. In explanation, the current design of Spartan Missile that Parks Corporation had could work at a temperature above 130° F.

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