Integrating Capstone Project for Costco Wholesale 2016
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AI Summary
This study discusses the issues related to managing stakeholders in Costco Wholesale 2016 and proposes developing a central database to manage them effectively. It also includes financial analysis and recommendations for the organization. The study focuses on stakeholder salience model, communication management, and cost-benefit analysis. The subject is Capstone Project and the course code is not mentioned. The college/university is not mentioned.
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Running head: INTEGRATING CAPSTONE PROJECT
The Costco Wholesale 2016 mission
Name of the Student:
Name of the University:
Author note:
The Costco Wholesale 2016 mission
Name of the Student:
Name of the University:
Author note:
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1INTEGRATING CAPSTONE PROJECT
Executive Summary
There are several years after adoption of president as well as chief executive officer of Costco
has been proved complete capable to cement the standing as the biggest as well as the best
consumer producers’ merchandisers. The development of annual revenues as warehouses is
required to analyze. On the other hand, the vision to meet the goal consists of developing a series
of organizational area data where data marts off a data warehouse enterprise. Membership,
provider, product, premium as well as sales from the transaction systems are included into the
process. The objective of the transaction system is considered as the foundation of providing
effective data mart. In addition, managing stakeholders is an important aspect in Costco
Wholesale that has been discussed in the current study.
Executive Summary
There are several years after adoption of president as well as chief executive officer of Costco
has been proved complete capable to cement the standing as the biggest as well as the best
consumer producers’ merchandisers. The development of annual revenues as warehouses is
required to analyze. On the other hand, the vision to meet the goal consists of developing a series
of organizational area data where data marts off a data warehouse enterprise. Membership,
provider, product, premium as well as sales from the transaction systems are included into the
process. The objective of the transaction system is considered as the foundation of providing
effective data mart. In addition, managing stakeholders is an important aspect in Costco
Wholesale that has been discussed in the current study.
2INTEGRATING CAPSTONE PROJECT
Table of Contents
Background of the organization/ topic................................................................................4
Issues/ Problems..................................................................................................................4
Analysis of the issues...........................................................................................................6
Recommendations..............................................................................................................12
Future study.......................................................................................................................13
Bibliography......................................................................................................................15
Table of Contents
Background of the organization/ topic................................................................................4
Issues/ Problems..................................................................................................................4
Analysis of the issues...........................................................................................................6
Recommendations..............................................................................................................12
Future study.......................................................................................................................13
Bibliography......................................................................................................................15
3INTEGRATING CAPSTONE PROJECT
Background of the organization/ topic
The membership warehouse concept has been pioneered through discount merchandising
who have opened the first price club as well as converted airplane hangar. The price club lost
nearly $ 750,000 in the first year of operation. It had two stores and 900 employee as well as
nearly $1 million profit. The membership warehouse concept has been pioneered through the
discount mechanism and emerged as unchallenged leader in the warehouse retailing. It is
required to enhance store operations and keeping the operating costs and overhead low. In
addition, it is important to stocking the items that move rapidly. However, stakeholder
management is one of the major issues faced by the Costco Wholesale 2016, where it is
important to focus on the business model as well as strategy for the organization.
On the other hand, it is important to manage data for the stakeholder who has an
important role in the project (Boger et al. 2015). In the present study, the issues related to
managing stakeholders in Costco Wholesale have been discussed. Hence, developing a central
database would be helpful to manage the stakeholders so that the record can be kept properly. On
the contrary, it is difficult to develop the database for the stakeholders due to the lack of effective
project management plan and complexity in terms of using technology in the process of
implanting the plan. In this perspective, the study focuses proper analysis of the proposed plan
and develop an effective project management plan so that it would be successfully implemented
in the system.
Background of the organization/ topic
The membership warehouse concept has been pioneered through discount merchandising
who have opened the first price club as well as converted airplane hangar. The price club lost
nearly $ 750,000 in the first year of operation. It had two stores and 900 employee as well as
nearly $1 million profit. The membership warehouse concept has been pioneered through the
discount mechanism and emerged as unchallenged leader in the warehouse retailing. It is
required to enhance store operations and keeping the operating costs and overhead low. In
addition, it is important to stocking the items that move rapidly. However, stakeholder
management is one of the major issues faced by the Costco Wholesale 2016, where it is
important to focus on the business model as well as strategy for the organization.
On the other hand, it is important to manage data for the stakeholder who has an
important role in the project (Boger et al. 2015). In the present study, the issues related to
managing stakeholders in Costco Wholesale have been discussed. Hence, developing a central
database would be helpful to manage the stakeholders so that the record can be kept properly. On
the contrary, it is difficult to develop the database for the stakeholders due to the lack of effective
project management plan and complexity in terms of using technology in the process of
implanting the plan. In this perspective, the study focuses proper analysis of the proposed plan
and develop an effective project management plan so that it would be successfully implemented
in the system.
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4INTEGRATING CAPSTONE PROJECT
Issues/ Problems
In addition, a centralized environment would be helpful to serve as conduit for the
controlled reporting as well as centralized report delivery of the organizational unit. In addition,
managing stakeholders is an important aspect for development of effective system in a healthcare
organization (Caniato et al. 2014). A centralized environment will serve the conduit to the
controlled process of reporting as well as centralized report delivery organizational unit. In
addition, the vision to meet the goal includes development of the series regarding operational as
well as organizational area data marts regarding the data warehouse.
. The target for an effective enterprise database system can be helpful to manage the
stakeholder system. Integrating transaction system is considered as the foundation of the system.
However, it will explain the necessary elements of enhancing the results. In addition, cost
savings as well as satisfaction of members utilizing thought of EDW as well as developed the
analytics of business intelligence.
Figure 1: Business mode of Costco
(Source: Azaria et al. 2016, p.515)
Issues/ Problems
In addition, a centralized environment would be helpful to serve as conduit for the
controlled reporting as well as centralized report delivery of the organizational unit. In addition,
managing stakeholders is an important aspect for development of effective system in a healthcare
organization (Caniato et al. 2014). A centralized environment will serve the conduit to the
controlled process of reporting as well as centralized report delivery organizational unit. In
addition, the vision to meet the goal includes development of the series regarding operational as
well as organizational area data marts regarding the data warehouse.
. The target for an effective enterprise database system can be helpful to manage the
stakeholder system. Integrating transaction system is considered as the foundation of the system.
However, it will explain the necessary elements of enhancing the results. In addition, cost
savings as well as satisfaction of members utilizing thought of EDW as well as developed the
analytics of business intelligence.
Figure 1: Business mode of Costco
(Source: Azaria et al. 2016, p.515)
5INTEGRATING CAPSTONE PROJECT
According to the above figure, it can be mentioned that Costco has taken several
decisions and implement it in terms of low price as well as limited selection of the quality
merchandise. In addition, wide range of merchandise categories would assist to manage the
process where rapid inventory turnover and operating efficiency can be obtained. On the other
hand, volume purchasing, efficient distribution as well as minimized handling of the
merchandise would be helpful to manage the stakeholders and increase operating efficiencies.
Early involvement with the stakeholders can begets effective and genuine relationship
that can be characterized through trust and mutual comprehension as well as cooperation. In this
perspective, it is important to develop mutual understanding as well as cooperation. Effective
relationship can make the stakeholder management system with the capacity for profiling as well
as segmenting the stakeholders in multi-dimensional aspect (Azaria et al. 2016). Effective
stakeholder management system is important for the organization to allow the resources dedicate
in the process accordingly. Putting the process effective in the system could enhance brand as
well as reputation for managing the stakeholders actively. On the other hand, stakeholder
management system is considered as fundamental aspect that makes organizational positioning
and improve responsiveness in short term.
There are several models of stakeholder salience model such as salience model, power or
interest group, influence or impact grid and power or influence or impact group. In this model,
power, urgency as well as legitimacy are considered as the most important components (Barnett
et al. 2018). Stakeholder salience is the degree by which, the stakeholders can claim decision-
making process. The salience model is applied in the organizations where quality is specifically
negotiable and significant or prominent. In the power model, power is considered as the authority
that influences the stakeholders on the projects and objective of the project. This model is
According to the above figure, it can be mentioned that Costco has taken several
decisions and implement it in terms of low price as well as limited selection of the quality
merchandise. In addition, wide range of merchandise categories would assist to manage the
process where rapid inventory turnover and operating efficiency can be obtained. On the other
hand, volume purchasing, efficient distribution as well as minimized handling of the
merchandise would be helpful to manage the stakeholders and increase operating efficiencies.
Early involvement with the stakeholders can begets effective and genuine relationship
that can be characterized through trust and mutual comprehension as well as cooperation. In this
perspective, it is important to develop mutual understanding as well as cooperation. Effective
relationship can make the stakeholder management system with the capacity for profiling as well
as segmenting the stakeholders in multi-dimensional aspect (Azaria et al. 2016). Effective
stakeholder management system is important for the organization to allow the resources dedicate
in the process accordingly. Putting the process effective in the system could enhance brand as
well as reputation for managing the stakeholders actively. On the other hand, stakeholder
management system is considered as fundamental aspect that makes organizational positioning
and improve responsiveness in short term.
There are several models of stakeholder salience model such as salience model, power or
interest group, influence or impact grid and power or influence or impact group. In this model,
power, urgency as well as legitimacy are considered as the most important components (Barnett
et al. 2018). Stakeholder salience is the degree by which, the stakeholders can claim decision-
making process. The salience model is applied in the organizations where quality is specifically
negotiable and significant or prominent. In the power model, power is considered as the authority
that influences the stakeholders on the projects and objective of the project. This model is
6INTEGRATING CAPSTONE PROJECT
applied where determining the power of stakeholders related to the project and outcome power
influence people in order to do a particular job by which the methods cannot that can be
implemented by Costco wholesale.
On the other hand, legitimacy is considered as genuineness of involving in the project. In
this model, it is not required to manage the stakeholders closely that have not legitimate interest
in the projects. It is required to pay attention on the stakeholders. With the help of urgency, this
is considered as a degree to which the requirements of the stakeholders usually call for
immediate attention (Eze et al. 2018). Urgency depends on the factors such as time sensitivity. In
this perspective, it is important to determine that the stakeholders can be effectively managed as
well as saves the resources and time through providing minimum attention to the low-priority
stakeholders.
Analysis of the issues
There are four forms of methods included in stakeholder management, out of which
salience model and urgency model can be considered as the vital for engaging stakeholders. In
urgency model, the demands of the stakeholders need immediate actions. On the other hand,
stakeholder salience is defined to the managers giving priority for competing the stakeholders in
the process of decision-making (Epstein et al. 2017). Salience over the process of managing
stakeholders as well as failure for reaching to consensus process is achieved under this model.
On the other hand, in urgency model, it is important to keep in mind that stakeholder salience is
considered as dynamic and process a change in the organization. In salience model of
stakeholder management, there are three groups are existing such as latent stakeholders,
definitive stakeholders and expectant stakeholders. In the latent stakeholder, there are
stakeholders having a single attribute. On the other hand, dormant stakeholders and discretionary
applied where determining the power of stakeholders related to the project and outcome power
influence people in order to do a particular job by which the methods cannot that can be
implemented by Costco wholesale.
On the other hand, legitimacy is considered as genuineness of involving in the project. In
this model, it is not required to manage the stakeholders closely that have not legitimate interest
in the projects. It is required to pay attention on the stakeholders. With the help of urgency, this
is considered as a degree to which the requirements of the stakeholders usually call for
immediate attention (Eze et al. 2018). Urgency depends on the factors such as time sensitivity. In
this perspective, it is important to determine that the stakeholders can be effectively managed as
well as saves the resources and time through providing minimum attention to the low-priority
stakeholders.
Analysis of the issues
There are four forms of methods included in stakeholder management, out of which
salience model and urgency model can be considered as the vital for engaging stakeholders. In
urgency model, the demands of the stakeholders need immediate actions. On the other hand,
stakeholder salience is defined to the managers giving priority for competing the stakeholders in
the process of decision-making (Epstein et al. 2017). Salience over the process of managing
stakeholders as well as failure for reaching to consensus process is achieved under this model.
On the other hand, in urgency model, it is important to keep in mind that stakeholder salience is
considered as dynamic and process a change in the organization. In salience model of
stakeholder management, there are three groups are existing such as latent stakeholders,
definitive stakeholders and expectant stakeholders. In the latent stakeholder, there are
stakeholders having a single attribute. On the other hand, dormant stakeholders and discretionary
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7INTEGRATING CAPSTONE PROJECT
stakeholders are including in the salience model of stakeholder engagement (Eskerod et al.
2015). On the contrary, there are stakeholders with the legitimacy as well as low urgency.
Demanding stakeholders has the high quality aspects that are active as well as expect the process
of interest in the project. For an instance, it is important to consider the local authorities with the
stakeholders and manage the procedure closely. These are security aspects where it is required to
identify the stakeholders as well as finding the ways for managing the projects.
Media is the means of transmission of the message from sender to receiver of
communication in project management. The media of making verbal communication in the
projects such as face to face conversation, telephonic, conference as well as meetings. On the
other hand, the media of written communication are letter and report. Hence, media of
communication are the means used for transmissions of the messages from sender to receiver.
Verbal communication is exchanged e by written or verbal communication (Eskerod et al. 2015).
On the other hand, nonverbal communication occurs in the process of exchanging information.
Management of communications engages the process of collecting, creating and strong the
information (Thune and Mina 2016). There are also effective techniques of communication that
can be helpful to make the process smoothly.
On the other hand, it is important to focus on feedback, presentations as well as
communication competence (Jahangirian et al. 2015). Hence, project reporting includes effective
process of communication where collection of information associated with the network is
important. The methods are used for the projects and reporting the activities. These are based on
performance measurement of the project. In addition, the report need a clear idea that makes
concise as well as true picture regarding information depicted in the projects. On the other hand,
the other methods of commutations like interactive communication, push communication, pull
stakeholders are including in the salience model of stakeholder engagement (Eskerod et al.
2015). On the contrary, there are stakeholders with the legitimacy as well as low urgency.
Demanding stakeholders has the high quality aspects that are active as well as expect the process
of interest in the project. For an instance, it is important to consider the local authorities with the
stakeholders and manage the procedure closely. These are security aspects where it is required to
identify the stakeholders as well as finding the ways for managing the projects.
Media is the means of transmission of the message from sender to receiver of
communication in project management. The media of making verbal communication in the
projects such as face to face conversation, telephonic, conference as well as meetings. On the
other hand, the media of written communication are letter and report. Hence, media of
communication are the means used for transmissions of the messages from sender to receiver.
Verbal communication is exchanged e by written or verbal communication (Eskerod et al. 2015).
On the other hand, nonverbal communication occurs in the process of exchanging information.
Management of communications engages the process of collecting, creating and strong the
information (Thune and Mina 2016). There are also effective techniques of communication that
can be helpful to make the process smoothly.
On the other hand, it is important to focus on feedback, presentations as well as
communication competence (Jahangirian et al. 2015). Hence, project reporting includes effective
process of communication where collection of information associated with the network is
important. The methods are used for the projects and reporting the activities. These are based on
performance measurement of the project. In addition, the report need a clear idea that makes
concise as well as true picture regarding information depicted in the projects. On the other hand,
the other methods of commutations like interactive communication, push communication, pull
8INTEGRATING CAPSTONE PROJECT
communications as well as controlling communication are important in the aspect (Garcia‐Castro
and Francoeur 2016). Hence, recurring meetings need to be rescheduled in the advance meeting
with the team that needs regular process. In addition, teams are required to be sticked in the
process so that effective communication can be achieved.
Financial analysis
Cost-Benefit - INPUT VALUES
Hardware
$
20,000.00
Software
$
15,000.00
Development team salaries
$
25,000.00
Training
$
15,670.00
Total Development Cost
$
75,670.00
Hardware
$
15,789.00
Software
$
6,000.00
Operational Labor
$
5,000.00
Total Operational Cost
$
26,789.00
Approximate salary savings
$
46,578.00
Reduced operating cost
$
50,000.00
Total Benefit
$
96,578.00
Discount Rate Used 5.00%
Project Cost-
Benefit Analysis
communications as well as controlling communication are important in the aspect (Garcia‐Castro
and Francoeur 2016). Hence, recurring meetings need to be rescheduled in the advance meeting
with the team that needs regular process. In addition, teams are required to be sticked in the
process so that effective communication can be achieved.
Financial analysis
Cost-Benefit - INPUT VALUES
Hardware
$
20,000.00
Software
$
15,000.00
Development team salaries
$
25,000.00
Training
$
15,670.00
Total Development Cost
$
75,670.00
Hardware
$
15,789.00
Software
$
6,000.00
Operational Labor
$
5,000.00
Total Operational Cost
$
26,789.00
Approximate salary savings
$
46,578.00
Reduced operating cost
$
50,000.00
Total Benefit
$
96,578.00
Discount Rate Used 5.00%
Project Cost-
Benefit Analysis
9INTEGRATING CAPSTONE PROJECT
Analysis
Variables:
.
Discount Rate
Used
5.00%
Annual Benefits $
96,578.
00
Annual
Operational
Costs
$
26,789.
00
One-Time
Development
Cost
$
75,670.
00
Year of Project
0 1 2 3 4 5 TOTAL
S
Economic Benefit $0.00 $
96,578.
00
$
96,578.
00
$
96,578.0
0
$
96,578.
00
$
96,578.0
0
Discount Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835
PV of Benefits $0.00 $91,979
.05
$87,599
.09
$83,427.
71
$79,45
4.96
$75,671.
39
Analysis
Variables:
.
Discount Rate
Used
5.00%
Annual Benefits $
96,578.
00
Annual
Operational
Costs
$
26,789.
00
One-Time
Development
Cost
$
75,670.
00
Year of Project
0 1 2 3 4 5 TOTAL
S
Economic Benefit $0.00 $
96,578.
00
$
96,578.
00
$
96,578.0
0
$
96,578.
00
$
96,578.0
0
Discount Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835
PV of Benefits $0.00 $91,979
.05
$87,599
.09
$83,427.
71
$79,45
4.96
$75,671.
39
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10INTEGRATING CAPSTONE PROJECT
NPV of all
BENEFITS
$0.00 $
91,979.
05
$
179,578
.14
$
263,005.
85
$
342,46
0.81
$
418,132.
20
$
418,132.
20
One-Time
COSTS $(75,6
70.00)
Recurring Costs $
0.00 $
(26,789.
00)
$
(26,789.
00)
$
(26,789.
00)
$
(26,789
.00)
$
(26,789.
00)
Discount Rate 1
.0000
0.9524 0.9070 0.8638 0.8227 0.7835
PV of Recurring
Costs
$
0.00 $
(25,513.
33)
$
(24,298.
41)
$
(23,141.
35)
$
(22,039
.38)
$
(20,989.
88)
NPV of all
COSTS $(75,6
70.00)
$(101,1
83.33)
$(125,4
81.75)
$
(148,62
3.09)
$
(170,66
2.47)
$
(191,65
2.35)
$
(191,652
.35)
Overall NPV
$
226,479.
NPV of all
BENEFITS
$0.00 $
91,979.
05
$
179,578
.14
$
263,005.
85
$
342,46
0.81
$
418,132.
20
$
418,132.
20
One-Time
COSTS $(75,6
70.00)
Recurring Costs $
0.00 $
(26,789.
00)
$
(26,789.
00)
$
(26,789.
00)
$
(26,789
.00)
$
(26,789.
00)
Discount Rate 1
.0000
0.9524 0.9070 0.8638 0.8227 0.7835
PV of Recurring
Costs
$
0.00 $
(25,513.
33)
$
(24,298.
41)
$
(23,141.
35)
$
(22,039
.38)
$
(20,989.
88)
NPV of all
COSTS $(75,6
70.00)
$(101,1
83.33)
$(125,4
81.75)
$
(148,62
3.09)
$
(170,66
2.47)
$
(191,65
2.35)
$
(191,652
.35)
Overall NPV
$
226,479.
11INTEGRATING CAPSTONE PROJECT
85
Overall ROI
1
.1817
Break-even
Analysis
Yearly NPV Cash
FLOW $(75,6
70.00)
$
66,465.
71
$
63,300.
68
$
60,286.3
6
$
57,415.
58
$
54,681.5
1
Overall NPV Cash
FLOW $(75,6
70.00)
$
(9,204.2
9)
$
54,096.
39
$
114,382.
76
$
171,79
8.34
$
226,479.
85
85
Overall ROI
1
.1817
Break-even
Analysis
Yearly NPV Cash
FLOW $(75,6
70.00)
$
66,465.
71
$
63,300.
68
$
60,286.3
6
$
57,415.
58
$
54,681.5
1
Overall NPV Cash
FLOW $(75,6
70.00)
$
(9,204.2
9)
$
54,096.
39
$
114,382.
76
$
171,79
8.34
$
226,479.
85
12INTEGRATING CAPSTONE PROJECT
0 1 2 3 4 5 0
$0.00
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
$400,000.00
$450,000.00
Financial analysis: Capstone helathcare integration
V of all SNP BENEFIT V of all C S SNP O T
Year
D
o
l
l
a
r
s
Recommendations
From the above study, it can be concluded that Costco Wholesale need to develop
business plan and strategies for solving the issues faced by the organization. Effective
stakeholder management would be helpful in this process. Stakeholders are involved in the
project and process a vested interest in success of the projects. On the other hand, understanding
the stakeholders are significant as well as the process starts through development of healthy
relationships. They assist deciding the issues from starting of the projects at the time of executing
the project. There are generally different types of program stakeholders in projects such as
project manager, team as well as functional management, sponsors and customers. In other
words, there are two types of stakeholders such as primary and secondary stakeholders. Primary
0 1 2 3 4 5 0
$0.00
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
$400,000.00
$450,000.00
Financial analysis: Capstone helathcare integration
V of all SNP BENEFIT V of all C S SNP O T
Year
D
o
l
l
a
r
s
Recommendations
From the above study, it can be concluded that Costco Wholesale need to develop
business plan and strategies for solving the issues faced by the organization. Effective
stakeholder management would be helpful in this process. Stakeholders are involved in the
project and process a vested interest in success of the projects. On the other hand, understanding
the stakeholders are significant as well as the process starts through development of healthy
relationships. They assist deciding the issues from starting of the projects at the time of executing
the project. There are generally different types of program stakeholders in projects such as
project manager, team as well as functional management, sponsors and customers. In other
words, there are two types of stakeholders such as primary and secondary stakeholders. Primary
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13INTEGRATING CAPSTONE PROJECT
stakeholders process major interest in making success of the project. Customers as well as end
users are considered as primary stakeholders.
Project sponsors are usually responsible for managing overall success as well as vision
of the project. The sponsors have the power to allocate as well as supply the resources along with
fiancés. On the other hand, project manager monitors and evaluate the process going through a
project (Harrison et al. 2015). They command the project members to complete the project
successfully within the team. In addition, the customers have an important role and considered as
significant stakeholder in the project. They are linked directly with the revenue of the
organization. On the other hand, team of a project is considered as an important stakeholder for
managing projects successfully. Hence, it is required to focus all the stakeholders and their vital
role in the project so that the project is completed successfully. It could be helpful to improve the
process and system so that better understanding in the procedure could be developed. The
corporate intelligence provided through the system has a better comprehension of the system and
make the process informed through strategic planning for long term.
Providing proper performance for the business has proper means compared to the
procedure of efficient enhancement or providing enriched health care reporting. Leveraging the
advanced, which can integrate data from the several resources within the enterprise. It enhances
the process as well as quality care metrics (Starks et al. 2015). Thus, it is important to create an
enterprise data system that helps to integrate information from the organization value chain.
Frequently, the answers have not any reside solely in the sources system of the organization. In
order to get the complete picture, it needs effective integration from the claims, group or
individuals, enrollment, providers and financial process of the system. It turns the process into
the system as well as actionable insight.
stakeholders process major interest in making success of the project. Customers as well as end
users are considered as primary stakeholders.
Project sponsors are usually responsible for managing overall success as well as vision
of the project. The sponsors have the power to allocate as well as supply the resources along with
fiancés. On the other hand, project manager monitors and evaluate the process going through a
project (Harrison et al. 2015). They command the project members to complete the project
successfully within the team. In addition, the customers have an important role and considered as
significant stakeholder in the project. They are linked directly with the revenue of the
organization. On the other hand, team of a project is considered as an important stakeholder for
managing projects successfully. Hence, it is required to focus all the stakeholders and their vital
role in the project so that the project is completed successfully. It could be helpful to improve the
process and system so that better understanding in the procedure could be developed. The
corporate intelligence provided through the system has a better comprehension of the system and
make the process informed through strategic planning for long term.
Providing proper performance for the business has proper means compared to the
procedure of efficient enhancement or providing enriched health care reporting. Leveraging the
advanced, which can integrate data from the several resources within the enterprise. It enhances
the process as well as quality care metrics (Starks et al. 2015). Thus, it is important to create an
enterprise data system that helps to integrate information from the organization value chain.
Frequently, the answers have not any reside solely in the sources system of the organization. In
order to get the complete picture, it needs effective integration from the claims, group or
individuals, enrollment, providers and financial process of the system. It turns the process into
the system as well as actionable insight.
14INTEGRATING CAPSTONE PROJECT
Relationship management is considered as one of the most important aspects in
healthcare industry. Hence, it is important to focus on the process through which, the stakeholder
engagement can be enhanced. The significance of involving stakeholders and collaborate the
activities so that it would be helpful to make the collaboration process in better way.
Implementation of stakeholder management is an important aspect that requires to focus in the
organization. In order to assist the significance of involving the stakeholders, collaboration with
the stakeholders is important. Development of a database that is able to manage the stakeholder
management system could be helpful to develop the stakeholder relationship knowledge across
the organization and capturing a complete history regarding the process of interaction with the
stakeholders. Introducing the database for stakeholder management system such as consultation
manage can be helpful to take performance to new level. In addition, the key business could be
improved with effective stakeholder management.
Future study
The future study can be conducted to maintain accurate contact details as well as
involvement history is important and central management of the stakeholders. However, several
organizations do not put place sufficiently to manage the stakeholders. Some of the executives or
resources in order to ensure the stakeholder. It is important to develop the process and help to
develop the process. On the other hand, it is important to make the life easier in Costco
Wholesale for stakeholder management system that makes the life easier as well as enhance the
process.
With the help of reliable stakeholder intelligence, accurate contact details as well as
organized stakeholder management is important to develop stakeholder management system. It
can make the life easier as well as significantly enhance the process of involvement performance.
Relationship management is considered as one of the most important aspects in
healthcare industry. Hence, it is important to focus on the process through which, the stakeholder
engagement can be enhanced. The significance of involving stakeholders and collaborate the
activities so that it would be helpful to make the collaboration process in better way.
Implementation of stakeholder management is an important aspect that requires to focus in the
organization. In order to assist the significance of involving the stakeholders, collaboration with
the stakeholders is important. Development of a database that is able to manage the stakeholder
management system could be helpful to develop the stakeholder relationship knowledge across
the organization and capturing a complete history regarding the process of interaction with the
stakeholders. Introducing the database for stakeholder management system such as consultation
manage can be helpful to take performance to new level. In addition, the key business could be
improved with effective stakeholder management.
Future study
The future study can be conducted to maintain accurate contact details as well as
involvement history is important and central management of the stakeholders. However, several
organizations do not put place sufficiently to manage the stakeholders. Some of the executives or
resources in order to ensure the stakeholder. It is important to develop the process and help to
develop the process. On the other hand, it is important to make the life easier in Costco
Wholesale for stakeholder management system that makes the life easier as well as enhance the
process.
With the help of reliable stakeholder intelligence, accurate contact details as well as
organized stakeholder management is important to develop stakeholder management system. It
can make the life easier as well as significantly enhance the process of involvement performance.
15INTEGRATING CAPSTONE PROJECT
On the other hand, it is important to develop relationships that can improve the process as well as
organize the stakeholder group so that the advantages will flow carefully and executed effective
management plan. Enquiries regarding stakeholder management could enhance the process of
reacting to the issues and involve the process proactively with the stakeholders. It is important to
develop the process and relationships that will be connected to manage the process.
In this perspective, it is important responding urgent enquiries and announce the
significant activities as well as send the invitations to the events. Use of the system history in the
community to collect relationship levels in order to inform communications strategy for the
projects in healthcare industry. In addition, it is important to improve the process of reputation
with the stakeholders through sending accurate as well as related as well as timely information. It
is important to develop the process and get faster access for communication campaigns that
reaches proper through making targeted. It is important to focus on the stakeholders and right
information. The staffs are important that can develop the strategies. The organizations need to
give feedback by carefully planning the process of planning that will receive, analyze as well as
report the large volumes of information. It is important to develop the process of extra workload
and enormous for the entire process.
On the other hand, it is important to develop relationships that can improve the process as well as
organize the stakeholder group so that the advantages will flow carefully and executed effective
management plan. Enquiries regarding stakeholder management could enhance the process of
reacting to the issues and involve the process proactively with the stakeholders. It is important to
develop the process and relationships that will be connected to manage the process.
In this perspective, it is important responding urgent enquiries and announce the
significant activities as well as send the invitations to the events. Use of the system history in the
community to collect relationship levels in order to inform communications strategy for the
projects in healthcare industry. In addition, it is important to improve the process of reputation
with the stakeholders through sending accurate as well as related as well as timely information. It
is important to develop the process and get faster access for communication campaigns that
reaches proper through making targeted. It is important to focus on the stakeholders and right
information. The staffs are important that can develop the strategies. The organizations need to
give feedback by carefully planning the process of planning that will receive, analyze as well as
report the large volumes of information. It is important to develop the process of extra workload
and enormous for the entire process.
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16INTEGRATING CAPSTONE PROJECT
Bibliography
Azaria, A., Ekblaw, A., Vieira, T. and Lippman, A., 2016, August. Medrec: Using blockchain for
medical data access and permission management. In Open and Big Data (OBD), International
Conference on (pp. 25-30). IEEE.
Barnett, M.L., Henriques, I. and Husted Corregan, B., 2018. Governing the Void between
Stakeholder Management and Sustainability.
Boger, E., Ellis, J., Latter, S., Foster, C., Kennedy, A., Jones, F., Fenerty, V., Kellar, I. and
Demain, S., 2015. Self-management and self-management support outcomes: a systematic
review and mixed research synthesis of stakeholder views. PloS one, 10(7), p.e0130990.
Caniato, M., Vaccari, M., Visvanathan, C. and Zurbrügg, C., 2014. Using social network and
stakeholder analysis to help evaluate infectious waste management: A step towards a holistic
assessment. Waste Management, 34(5), pp.938-951.
Epstein, E., Freeman, R.E., Jensen, M.C., Laplume, A.O., Sonpar, K., Litz, R.A., Margolis, J.D.,
Walsh, J.P., Verbeke, A. and Tung, V., 2017. The future of stakeholder management theory: A
temporal Perspective. In Stakeholder Management(Vol. 10, No. 1, pp. i-xiii). Boston, MA:
Pitman.
Eskerod, P., Huemann, M. and Savage, G., 2015. Project stakeholder management—Past and
present. Project Management Journal, 46(6), pp.6-14.
Eskerod, P., Huemann, M. and Ringhofer, C., 2015. Stakeholder inclusiveness: Enriching project
management with general stakeholder theory. Project Management Journal, 46(6), pp.42-53.
Bibliography
Azaria, A., Ekblaw, A., Vieira, T. and Lippman, A., 2016, August. Medrec: Using blockchain for
medical data access and permission management. In Open and Big Data (OBD), International
Conference on (pp. 25-30). IEEE.
Barnett, M.L., Henriques, I. and Husted Corregan, B., 2018. Governing the Void between
Stakeholder Management and Sustainability.
Boger, E., Ellis, J., Latter, S., Foster, C., Kennedy, A., Jones, F., Fenerty, V., Kellar, I. and
Demain, S., 2015. Self-management and self-management support outcomes: a systematic
review and mixed research synthesis of stakeholder views. PloS one, 10(7), p.e0130990.
Caniato, M., Vaccari, M., Visvanathan, C. and Zurbrügg, C., 2014. Using social network and
stakeholder analysis to help evaluate infectious waste management: A step towards a holistic
assessment. Waste Management, 34(5), pp.938-951.
Epstein, E., Freeman, R.E., Jensen, M.C., Laplume, A.O., Sonpar, K., Litz, R.A., Margolis, J.D.,
Walsh, J.P., Verbeke, A. and Tung, V., 2017. The future of stakeholder management theory: A
temporal Perspective. In Stakeholder Management(Vol. 10, No. 1, pp. i-xiii). Boston, MA:
Pitman.
Eskerod, P., Huemann, M. and Savage, G., 2015. Project stakeholder management—Past and
present. Project Management Journal, 46(6), pp.6-14.
Eskerod, P., Huemann, M. and Ringhofer, C., 2015. Stakeholder inclusiveness: Enriching project
management with general stakeholder theory. Project Management Journal, 46(6), pp.42-53.
17INTEGRATING CAPSTONE PROJECT
Eze, B., Kuziemsky, C. and Peyton, L., 2018, May. Operationalizing privacy compliance for
cloud-hosted sharing of healthcare data: a case study. In Proceedings of the International
Workshop on Software Engineering in Healthcare Systems (pp. 18-25). ACM.
Garcia‐Castro, R. and Francoeur, C., 2016. When more is not better: Complementarities, costs
and contingencies in stakeholder management. Strategic Management Journal, 37(2), pp.406-
424.
Harrison, J.S., Freeman, R.E. and Abreu, M.C.S.D., 2015. Stakeholder theory as an ethical
approach to effective management: Applying the theory to multiple contexts. Revista brasileira
de gestão de negócios, 17(55), pp.858-869.
Jahangirian, M., Taylor, S.J., Eatock, J., Stergioulas, L.K. and Taylor, P.M., 2015. Causal study
of low stakeholder engagement in healthcare simulation projects. Journal of the Operational
Research Society, 66(3), pp.369-379.
Starks, H., Shaw, J.L., Hiratsuka, V., Dillard, D.A. and Robinson, R., 2015. Engaging
stakeholders to develop a depression management decision support tool in a tribal health
system. Quality of Life Research, 24(5), pp.1097-1105.
Thune, T. and Mina, A., 2016. Hospitals as innovators in the health-care system: A literature
review and research agenda. Research policy, 45(8), pp.1545-1557.
Eze, B., Kuziemsky, C. and Peyton, L., 2018, May. Operationalizing privacy compliance for
cloud-hosted sharing of healthcare data: a case study. In Proceedings of the International
Workshop on Software Engineering in Healthcare Systems (pp. 18-25). ACM.
Garcia‐Castro, R. and Francoeur, C., 2016. When more is not better: Complementarities, costs
and contingencies in stakeholder management. Strategic Management Journal, 37(2), pp.406-
424.
Harrison, J.S., Freeman, R.E. and Abreu, M.C.S.D., 2015. Stakeholder theory as an ethical
approach to effective management: Applying the theory to multiple contexts. Revista brasileira
de gestão de negócios, 17(55), pp.858-869.
Jahangirian, M., Taylor, S.J., Eatock, J., Stergioulas, L.K. and Taylor, P.M., 2015. Causal study
of low stakeholder engagement in healthcare simulation projects. Journal of the Operational
Research Society, 66(3), pp.369-379.
Starks, H., Shaw, J.L., Hiratsuka, V., Dillard, D.A. and Robinson, R., 2015. Engaging
stakeholders to develop a depression management decision support tool in a tribal health
system. Quality of Life Research, 24(5), pp.1097-1105.
Thune, T. and Mina, A., 2016. Hospitals as innovators in the health-care system: A literature
review and research agenda. Research policy, 45(8), pp.1545-1557.
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