Next must prepare a discussion paper. The purpose of this discussion paper is to clarify the nature of the problem or issue, to simplify the information produce by the investigation and proposed a number of policy options. The discussion paper would be an essential tool in the consultation process. Set up a draft policy. When there adequate time for the negotiation process complete next step was to provide a draft policy.
In project introduction section, the project’s background has to pen down with details of project history and contextual that set the section and support required for the project. Other than project background, project’s goals and result will be listed along with success criteria such as project success measurement. Project definition will be the next element
The sequence of event is, Idea Analysis Design Development Test Final Product Once the project scope is defined, project manager will be assigning the teams together with a clearly defined goal and timeline. Different teams get different aspects or modules. Both waterfall and agile method are iteration. The difference between Waterfall and Agile is that in Agile, module evaluation is in present before it is passed along. In Waterfall method, project flow passes along and along and expect for good outcome.
Similarly, it is also essential to assess the feasibility of the constructed business strategy to determine whether it can be implemented to new product concept development successfully or not. It depicts that for Marks and Spencer the proposed business strategies in reference to new product development must be scaled. This process is started while idea generation and financial planning as well as continue to the process of implementation. Here there are number of aspects that are necessary to take in consideration such as company should make sure can the developed business strategy be funded, organisation have the capability to meet the required level of performance in terms of products quality, store services and other. At the same time, it is also essential for Marks and Spencer to determine the marketing and management capabilities needed to maintain the achieved market and competitive position.
Stryker likely gets their raw materials from multiple suppliers and if they are dominate enough, the suppliers can reduce the marginal earnings of the company. Stryker can reduce this risk by experimenting with new product design, having an efficient chain of suppliers, and seeking out suppliers whose business depends more on Stryker than vice versa. Buyer Power Buyers can put pressure on Stryker because they search for the best quality materials, yet they want to pay the least amount they can for it. This causes difficulty in sustaining profitability over a long period of time. Luckily, Stryker can reduce the bargaining power of buyers by creating a large customer base.
Once the project has been executed and the deliverables have been met, the project has to be closed. Martin and Tate (2001) recommend the close-out phase be broken down into five types of activities: having the project evaluated, writing the final status report, developing lessons learned, issuing the close-out report, and reviewing the report with the sponsor. During this part of project management, the project should be reviewed and rated. The final reports, executive summary and feedback provide a snapshot of the quality of the project. The project team leader and customers should schedule a final meeting.
Although it sucks to find out that I am paid less salary than my coworker(s) who has same responsibilities, equal skills, education and work experience. The upside to this recent knowledge is I can use it for positive change. For example, how can I be better than what I was before? What important job skills do I need to learn, where can I find a better job with better salary? There might be some reasons for why my coworker is paid a higher salary where my excellent customer service skills might not be one of them.
The methodology concentrates on what management activities should be undertaken and at which point in the project lifecycle they should be undertaken (PM Methodologies, n.d.). In most of the projects, the details of how these actions should be carried out are left to the experiences of the project manager and team. Key features of PRINCE2 are as
Although there is satisfaction from the benefits and advantages of labor unions, these advantages can be invalidated by their potential impact and others may disagree with the ability of labor unions and what they provide. For example, negotiations being made can lead to high levels of wages and other costs. Thus if the company is not able to sustain the high wages and costs for union workers, it can raise prices on the goods or services it provides. As a result, it can outsource its labor. In addition, it can also deteriorate the core of the company by reducing the number of employees and as a result causing an insufficient workforce.
A business case is built for the project by gaining a good understanding of the project’s requirements and scope and getting to know the project stakeholders. At the end of the Inception Phase the project team will know whether or not to proceed with the project  The outcome of the Inception phase is : • A vision document: a general vision of the core project's requirements, key features, and main constraints. • A initial use-case model (10% -20%) complete). • An initial risk assessment. • A project plan, showing phases and iterations.