Essays on The MASC Training Consultants Project Case Study

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The paper 'The MASC Training Consultants Project" is a good example of a management case study. The MASC Training Consultants abbreviated as (MTC) company embarked on the creation of a new training centre bent on the fact that it has managed to successfully obtain a good number of major clients within the previous two years. The project’ s Measurable Organization Value (MOV) must implicitly include being verifiable, agreed upon, provide value to the organization and be measurable. It is worth mentioning that the project has various stakeholders whose interests may be affected by the execution of the project.

With respect to the impact, the project Scope entails the task that needs to be accomplished in order to deliver a fulfilling outcome with respect to the specified functions and features. Within the project charter, the high-level scope is actually defined which comprises deliverables, technical structure and boundaries. A work breakdown structure (WBS) is a tool that is employed in the definition of the elements of the discrete task of a project in an effort to organize the total work scope. It may avail the framework for cost estimation as well as control.

Of importance to this project is a high-level risk analysis which can be done via several methods such as influence diagrams, decision trees, probabilistic and sensitivity analysis. However, in carrying out an analysis of the risks that may face this particular project, there are some general steps that have to be considered. The project’ s success criteria highly depend on upon the whole organization of the project from the initial stage to the final realization of the goals thus all requirements with respect to project fulfillment have to be attended to keenly.   Background to the project MASC Training Consultants abbreviated as (MTC) is well known and set up firm within the profitable commercial training market.

This organization is bestowed with the mandate of running several training itineraries that range from management, executive and technical skills acquaintance. The company embarked on the creation of a new training centre bent on the fact that it has managed to successfully obtain a good number of major clients within the previous two years. There are several assumptions which have been put in place with the commencement of the project.

Moreover, there are several software, business and technical requirements which have been documented and agreed upon. This being a “ greenfield” opportunity there are also important guidelines in place, to see the project to completion. Just like any other project, a time frame and budget are of the essence and these have equally been put in place. The project’ s Measurable Organization Value Measurable Organizational Value (MOV) refers to a substitute tool to Return on Investment (ROI) which is more popular. It is a measure of success and the overall goal of the project.

MOV must implicitly include being verifiable, agreed upon, provide value to the organization and be measurable. Provision of value to the organization This basically underpins the MOV concept which is analogous with respect to the concept of ROI (Marchewka, 2003). The striking fact, however, is that ROI is a measure of the expected value and expenditure to the organization. On the other hand, MOV mainly focuses on the measurable business value especially when the project has been completed. As forecasted, the major clients secured as well as the increasing demand for corporate training, it goes without saying that the completion of the MTC project would see the profits of this organization continuously reaching an all-time high.

Bibliography

Haugan, G. T. (2002). Effective work breakdown structures. USA : Management Concepts.

Marchewka, J. T. (2003). Information Technology Project Management: Providing Measurable Organizational Value – Second Edition. Hoboken, NJ 07030, USA: John Wiley & Sons.

Norris, C., Perry, J., & Simon, P. (2000). Project Risk Analysis & Management. High Wycombe,Buckinghamshire: The Association for Project Management.

Project-Management-Institute. (2008). A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Fourth Edition . New York: Project Management Institute.

Tavares, V. L. (1998). Advanced models for project management. New Mexico: Springer.

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