Business Report And Project Management

Running head: BUSINESS PROJECT MANAGEMENT
Business Project Management
Name of Student-
Name of University-
Author’s Note-

BUSINESS PROJECT MANAGEMENT1
Executive Summary
The report below includes project details of the Blue Spider Project. This project was the project
of Lord Industries and Parks Corporation was selected as sub-contractor of Lord to complete the
project. With successful completion of this project proposal, the engineers were appointed to
enhance structural capabilities of Spartan Missile that was used by Army. The objective of this
project is to find out several ethical issues that included in Parks Corporation while submitting
the proposal for the project. This report discusses the issues and the wrong selection of contract
in the project and recommendation is provided in this report stating the activities project manager
should perform in completing the project.

BUSINESS PROJECT MANAGEMENT2
Table of Contents
Introduction......................................................................................................................................2
Project Appraisal.............................................................................................................................2
1. Ethical Issues...........................................................................................................................2
2. Handling Risk..........................................................................................................................3
3. Stakeholders and communication management.......................................................................5
4. Selection of project manager...................................................................................................5
5. Issue of mistrust.......................................................................................................................6
6. Review of Firm Fixed Price (FFP)..........................................................................................7
7. Evaluation of project management..........................................................................................8
8. Recommendations....................................................................................................................9
Bibliography..................................................................................................................................11

BUSINESS PROJECT MANAGEMENT3
Introduction
Parks Corporation in this case study is a company that deals with electronics as well as
structural design. Parks Corporation wanted to take the opportunity to perform R&D activities as
proposal for the project. The Blue Spider project was for Army’s Spartan Program and the prime
contractor of this project was Lord Industry. Perks Corporation joined the project a sub-
contractor and decided to complete phase 1 for the project. If the R & D activities for the project
gets approved, that could result in $500 million program for the next 20 years. This project was
designed to have better structural capabilities for Spartan Missile. Henry, director of engineering
of Parks decided to give responsibility to Gary Anderson to manage the project and make it
successful.
But the project was a failure due to many reasons while performing the R & D activities.
There was unethical decisions that were taken in the project and there were factors that resulted
in risk of completing the project. The project encountered many problems and if treated properly,
could have been mitigated. This report discusses all such issues and ineffectiveness of handling
the risks that occurred in the project. This report also states recommendation for Parks that could
have resulted to complete the project successfully.
Project Appraisal
1. Ethical Issues
“Truth doesn’t always win proposals” was not a proper approach in the project that was
taken by Henry and Gary. For a proper project execution, there are certain factors that are needed
in the project. The unethical issues that are in the project were not having proper open
communication, integrity in customer dealing, negotiation, as well as reporting the project status.