Project Management Case Study: Sorensen Group - Recommendations

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Case Study
AI Summary
This case study examines the Sorensen Group's project management practices, identifying key issues such as time management, cost management, lack of platform strategies, and insufficient security. The analysis delves into the challenges faced by the company, particularly in the context of innovation and product development. The assignment provides a series of recommendations to address these issues, including the implementation of improved time and cost management strategies, enhancing security measures, fostering collaboration, and promoting employee training for generating innovative ideas. The study also highlights the importance of platform strategies to optimize the project management process and reduce inefficiencies in production and service delivery. Finally, the study emphasizes the importance of research and development to promote the development of new products and services.
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Running head: PROJECT MANAGEMENT
Project Management: Case study of Sorensen Group
Name of the student:
Name of the university:
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1PROJECT MANAGEMENT
Answer to Question 1
a) Barriers that are in place that stop the Sorensen Group from further
improvement of its performance
From the business perspectives, due to lack of managerial components, Sorensen Group
is failing to place further improvement in their performance and also in innovation. The
identified issues facing by Sorensen Group are as follows:
Improper time management: In case of commercial releases, it fails to manage the time.
Improper cost management: For innovation and building internal abilities it fails to
estimate make proper cost management.
Lack of platform strategy: It fails to reuse the Internet Protocols (IP) due to lack of
platform strategies
Lack of formal ideas: It also fails to generate product centric forma ideas.
Lack of security: It does not have close association with universities and it if focused on
research and application.
Lack of security: Due to lack of security, it fails to develop internal capabilities.
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2PROJECT MANAGEMENT
b) Recommendations to Sorensen Group for resolving the identifies issues
Sorensen Group, one of the world’s leading suppliers of electric fencing system has
produces world’s first electric animal fence for its consumers. In order to resolve the issues the
provided set of recommendations are as follows:
Issues Recommendations
Incorrect time management Before the initiation of any project, the project
manager should analyze the requirements of
the project and based on that, he or she should
estimate the total expected time.
Inaccurate cost management Before the starting of the project, accurate
feasibility study is needed to be done to make
sure that the project outcome will be beneficial
for te company.
Insufficient security In order to keep the confidential information
secure, firewall, DMZ or encryption algorithm
should be applied.
Lack of collaboration In order to obtain competitive advantages,
Sorensen Group should build collaboration
with other companies.
Lack of formal ideas All the employees working for the company
does not possess proper skills and knowledge.
Thus, Sorensen Group should arrange
professional training and development program
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3PROJECT MANAGEMENT
for their employees. It will help them to
generate competitive formal ideas to make sure
that, that the products innovated by the
company are beneficial.
Lack of platform strategies Sorensen Group requires focusing on
knowledge gathering before the
implementation of any project and also for
improving their platform strategies. If these
aspects are followed properly, then during
production and service delivery, it will save
time. Not only this but also, it will results to a
lesser loop backs.
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References
Hornstein, H. A. (2015). The integration of project management and organizational change
management is now a necessity. International Journal of Project Management, 33(2),
291-298.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking
project management performance and project success. International journal of project
management, 32(2), 202-217.
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