Project Management: ABC Corporation Business Case Review Report

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This report provides a comprehensive review of the business case for ABC Corporation's proposed intranet-based Global KnowledgeBase (GKB) solution. The analysis covers various aspects of the project, including project culture, structure, team, resource allocation, and risk assessment. The report evaluates the potential benefits, such as improved engineering productivity and increased competitive advantage, alongside the challenges, including potential delays and security risks. It examines the project's scope, time, and cost, considering factors like the internal rate of return (IRR) and the impact of decision-making delays. The conclusion offers a clear recommendation on whether the project should be approved, based on a thorough evaluation of the business case, emphasizing the potential for enhanced product quality, increased revenue, and improved competitive standing for ABC Corporation. The report also acknowledges the use of project management principles and practices for successful implementation.
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Running head: PROJECT MANAGEMENT
Business case
Name of the Student
Name of the University
Author’s Note
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PROJECT MANAGEMENT
Business case review
The paper mainly reflects on ABC corporation which is a medium sized manufacturer of
specialized test equipment. It is found that recently, the company came under huge pressure from
both the global as well as regional competitors and therefore the executives have reduced
competitive inroads within the key markets by increasing the revenue by 15% per year by
effectively expanding the ability of the firm to respond to new market. For achieving such goals,
the management committee have mainly decided to improve its competitive advantage by
winning a greater number of sales deals as well as by increasing appeal of new products.
Project culture
The culture of the team is mainly made up with proper beliefs, values as well as
behaviours that are shared by the project team and entire team is very much united therefore,
they will handle the work of the project effectively for resolving the hurdles.
Project structure
It is found that the project utilizes matrix stricture where proper functions are generally
maintained in a proper management structure where the project related work is carried out in
project groups as per the hierarchical structure.
Project team
It is found that in order to undertake analysis of the business following people generally
involve which includes:
Reviewer
Data contributor
Team leaders
Team executive sponsors
Special advisers
Decision makers
Decision recommenders
Identification of the work
The main purpose is to properly asses the entire value of an investment within the
business for successful implementation of intranet dependent global knowledge. It is found that
two options will be used including contracting and installation of internet-based solution from
guidance support and proper utilization of status quo.
Assigning resources
The resources are mainly assigned within the project as per their work expertise such that
they can be quite capable of carrying out the project effectively within the ABC corporations
quite effectively.
Task allocation
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PROJECT MANAGEMENT
It is found that the project tasks must be allocated to the team members properly as per
their expertise and in such a way that none of the members of the project team get overloaded
with work and this further helps in delivering the work on time.
Estimation of time and cost
It is analyzed that 5 years of time is needed for undertaking the analysis with net present
value of around $1million.
Challenges
It is found that the project team are much skilled and experienced and therefore they can
face a lot of challenges in improving the competitive advantage of the organization effectively.
They need much more time in comparison to experienced staffs to handle conflicting situation
and thus it can create negative impact on the project.
Uncertainty
It is analyzed from the business case that the primary risk is due to the GKB project
failure and it is generally considered as a medium risk. Secondly, the security breaches are also
considered as a risk but they are considered as low risk. It is found that though intranet solutions
are much more prone to different types of security breaches in comparison to client server and
therefore the architectural design helps including state of the art security features which helps in
minimizing the risks quite significantly.
Scope, time and cost
It is found that the project will follow the scope and as a result the objectives of the
project will get accomplished within the time and cost that is estimated irrespective of other
hurdles.
Positive and negative impact
It is found that by undertaking the work of the project quite effectively, the organization
will be able to improve the engineering related productivity as well as loyalty which are
considered to be quite advantageous for the intranet GKB related solution. The benefits are
further helpful in improving the quality as well as the quantity of the products efficiently. It also
helps in increasing the competitive advantages as well as revenue of the entire organization quite
effectively. Furthermore, it is analyzed from the business case that IRR for the intranet related
GKB solution will be around 109%. On the other hand, it is found that within the project, it is
quite necessary for the management to make GKB related decision effectively within the next 30
days of time and the cost that occurs due to delay in decision will be around $50,000 monthly.
This further negatively impacts the competitive advantage of the organization and further delays
the revenue of the project which is considered to be the top goal of the organization.
Recommendation
After analyzing the entire business case, it is found that the development of GKB
solutions within the ABC corporation not only helps in increasing competitive advantage but
also assits in improving the quality and quantity of the product that is delivered. As with the help
of these project, the top goals of the organization achieved therefore the business case must be
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PROJECT MANAGEMENT
properly approved and must be undertaken by the ABC corporations. Furthermore, it is analyzed
that the document of business case that is developed is also helpful in forming the basis of the
project management system.
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Bibliography
Badewi, A. (2016). The impact of project management (PM) and benefits management (BM)
practices on project success: Towards developing a project benefits governance
framework. International Journal of Project Management, 34(4), 761-778.
Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: a guide to measuring
and monitoring project performance. John Wiley & Sons.
Martens, M. L., & Carvalho, M. M. (2017). Key factors of sustainability in project management
context: A survey exploring the project managers' perspective. International Journal of
Project Management, 35(6), 1084-1102.
Meredith, J. R., Mantel Jr, S. J., & Shafer, S. M. (2017). Project management: a managerial
approach. John Wiley & Sons.
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