Teradyne Corporation: Jaguar Project - Project Management Report

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This report provides an in-depth analysis of the Teradyne Corporation's Jaguar Project, a case study focused on project management challenges and strategies. It begins with an introduction to Teradyne and the semiconductor industry, highlighting the challenges faced by traditional project development methods. The report examines the impact of new project management tools, discussing both the benefits and limitations encountered during the Jaguar Project. It explores specific challenges, such as unplanned events, measurement tool issues, and ambiguous estimations. Furthermore, the report outlines the strategies employed to address these challenges, including the use of Project Execution Strategy Matrix and heavy weight teams. It details the project's integration plan, emphasizing the phase gate model and the importance of customer consultation. The report also identifies potential challenges related to semiconductor technology and innovation. Overall, the analysis provides valuable insights into project management best practices, lessons learned, and the importance of adaptability in complex projects.
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Running head: PROJECT MANAGEMENT
Project Management
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Table of Contents
Introduction:....................................................................................................................................2
Challenges:......................................................................................................................................2
Addressing the challenges:..............................................................................................................4
Outline of Project Integration Plan:.................................................................................................6
Potential Challenges:.......................................................................................................................8
The complex nature of the semi-conductor technology..............................................................8
Rate of Innovation.......................................................................................................................8
Acquisition of New Accounts......................................................................................................8
Conclusion.......................................................................................................................................8
References:....................................................................................................................................10
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Introduction:
Teradyne Corporation is one of the manufacturers of the semiconductor test machine.
Various kind of challenges which faced by the traditional systems in the process of developing
the project and this in turn has been associated with making the new range of testing equipment
wait a lot eagerly the project has been associated with the introduction of the various aspects of
the project management and this mainly involves things such as the formal project tracking tools
along with the development processes which has been designed effectively as well as adequately
and the principles related to the upfront planning (Yang, 2015). Strategies of O’Brien has been
associated with experiencing much success in the process of hardware development which
seemed to have been associated with struggling in the software department during the process of
implementation. The main question which has been put forwarded is “Did the new tools affect
development processes?” This report would be associated with analysing the “Teradyne
Corporation: Jaguar project” along with discussing the impact upon the project development
because of the new tools and understanding the key lessons which were learnt in the entire
process.
Challenges:
The new management tool application is associated with bringing a lot of challenges
along with it which is mainly related to the limitations that the project is having as well as with
the determination of the quality of the project which is delivered. For example when the issues
related to the amount of additional time which is generally required for the purpose of covering
up of the unplanned but the events which are expected is one of the major challenge which is
faced during the process of development (Goldberg, 2015). This is entirely imperative to put a
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3PROJECT MANAGEMENT
special emphasis upon the fact that the situations which are entirely unplanned are responsible
for having an effect upon the data as well as upon the information processes and upon the overall
design. Besides all this it has been observed that the staff along with the development team has
been associated with the raising some concerns related to the resultant measurements which are
obtained from the new measurement tools. The measurements which were obtained were not
meant for focusing upon the improvements in the quality (Min & Shou-rong, 2013). However it
was designed for the purpose of focusing upon the tracking of the different stages involved in the
process of development. Despite of the fact that the simplified and the basic models were
associated with enhancing the chances related to the implementation in a successful way, the
measurements tools were not associated with providing any kind of quantitative or qualitative
information for the approaches related to the analysis.
Along with the above stated facts there also existed certain errors which were seen to be
unsubstantial along with being cumulative. Due to the reason that these errors were having the
capability of getting transferred to the next stage so it become very much difficult for the project
to reflect the objective as well as the nature of the project and the reason behind this is the
skipping of some of the data by the measurement tools (Yang, 2014). Which in turn would be
leading to the readjustment of the personal objectives by all the supervisors as well as by the
managers so as to work by considering the figures which were generated by the measurement
tools. This in turn led to the need of compatibility of the software with the other hardware
software device. This is considered to be one of the major challenge which is faced while
working with the new measurement tool. The tracking which including the reporting as well as
the processes of the project planning were initially responsible for making the development team
get distracted from the real issues (Goldberg, 2015). Additionally, the project is development
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oriented and this initially led to facing a lot of challenges which included the ambiguous
estimated which were responsible for putting the integrity as well as the accuracy of the data face
a huge amount of risk.
Addressing the challenges:
Frequent quality issues along with the problems related to delays were constantly
associated with affecting the development of the Jaguar Project. All these challenges were
mainly faced because of the various communication breakdowns and the coordination which
existed amongst the team members (Narayanaswami, 2017). It is possible to put a blame upon
this breakdowns by considering the fact that these project is managed from different areas and
there existed no single project manager who would be responsible for coordinating the overall
project. The development planning had also been associated with including a tedious as well as
complex planning along with hard work for the purpose of achieving the results that would be
the best. The entire planning process was proved to be very much challenging while working
with the unsubstantiated data and this means that there is a requirement of digging deep by the
staffs so as to determine how well the data which are available can be used (Pugel & Walters,
2017). The process included in stages of data manipulation acted as the original aspect and this
means that there existed no similar project related to the development so as to compare the
project with it.
Some of the other challenges which were faced by the development team included the
issues related to the resistances put forwarded because of the changes by the engineers of the
development team. The reason behind this was the lack in conducting of the project review
meetings which if conducted would have been associated with offering a ground for discussion
of the various kind of challenges faced by the development process and would also be helping in
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offering of vital insights for the development process (Pak, Carden & Kovach, 2016). Besides
this the project team had also been facing a strict timetable which was provided by the clients
along with lot of uncertainties which had been associated with dogging the project. For the
purpose of mitigating all this challenges the the company has been associated with the initiation
of numerous strategies for making improvements in the project for example the usage of the
Project Execution Strategy Matrix so as to record the project dynamics. This dimensions were
mainly associated with including the staffing, the project definition, the governance, activities,
structures, tasks, prototyping, project reviews by the senior managers, designs and lastly the
control and testing. All the dimensions have been outlined together along with the related
structure, principles, responsibilities and the processes.
The project was also seen to be associated with the usage of the heavy weight teams who
were responsible for making attempts for providing of remedies for the challenges faced during
the project development (do Rosádrio Partidário, 2017). The heavy weight teams mainly
consisted of the experts along with the people from different teams who were associated with the
project. Besides all this the heavyweight teams were responsible for providing of insights related
to the project development process which were seen to be very much influential for the process
related to decision making. The Jaguar project was associated with including small groups
amongst whom the project was divided and each of the group was provided with a specific task
in the different process which included the interfacing, the software development, and the
mechanical engineering, installation of the hardware and the designing of the entire project
structure (Kerzner & Kerzner, 2017). The core teams mainly consisted of the leaders who
belonged to each subnet and this was formed for the purpose of making sure that there existed
collaboration as well as coordination amongst the various members of the team. Besides this the
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leaders were provided with the task of managing the changes along with shepherding of the
project till its completion.
The organization Teradyne was also seen to be dogged by problems related to the
insufficient training of the staffs and this was responsible for causing huge delays during the
process of completing particular tasks (Fleming & Koppelman, 2016). One of the vital view into
the challenges which were responsible for having an impact upon the project included the
considering of running two concurrent projects by the project development team so as to
determine the one which would be associated with providing a higher level of monitoring along
with success in the process of implementation while running the big projects (Heagney, 2016).
The overall project managers would be associated with being responsible for making sure of the
fact that an effective running of the subprojects is being done by consideration of the time
constraints as well as the budget and the including of all the departments who are associated with
the project. The Jaguar project is capable of bringing the changes which are desired in the culture
of the organization as well as in the methodology adopted by the firms.
Outline of Project Integration Plan:
The major aim of Teradyne in the Jaguar project is aimed at changing the way by which
the company have moved so as to develop the project by usage of the different processes and the
strategies which would be helping in the elimination of the various challenges that are brought
by the poorly defined goals and the scope which are seen to be unclear (Larson & Gray, 2017).
This would be initially associated with making the project overrun the estimates and the reason
behind this is that the project developers are associated with making attempts for fixing the
newly developed ideas for the development of the processes. The development of the phase gate
model is associated with providing an outline of the project development process so as to provide
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solutions for the project management which has been newly launched (Schwalbe, 2015). This in
turn was responsible for making the monitoring and controlling of the project possible, besides
this the gate model application also has an impact upon the outcomes received finally.
There was a need of evaluating the project by the development team so as to report
accordingly with regards to the conformity with the specifications of the client before it could be
passed to the next phase by the senior management. Any kind of disruption is seen to be time
consuming and is associated with usage of more resources whenever much of the team member’s
attention is to be taken and this means a delay in the other processes which is seen to be not
going well with the customers (Goldberg, 2015). In addition to this it is also very much
important to have a full consultation with the customers and for understanding the specification
before the project development process is embarked.
Moving forward with the discussion it can be sated that the organization would also face
challenges related to the development specially those which are seen to the recognizable while
analyzing the risks which are residual in nature. The residue risk generally refers to the danger
which is posed by the future event related to all the security measures at the time of disposal of
the organization (Narayanaswami, 2017). Risk factor is the unaccounted for which is left after
the accounting of all the known risks. For Teradyne corporation this generally refer to the
residual risks and the reason behind this is the events which might distort the accuracy of the
schedule as well as the scope, quality and the budget that the project is having.
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Potential Challenges:
The complex nature of the semi-conductor technology
The main aim of the Semiconductors includes the interrogation of the weather and the
chip has been associated with doing its job related to the sending of the outputs and measuring
those output. This involves one of the most discouraging tasks in the world of technology. The
challenges related to the development of the semiconductors is seen to be increasing along with
the technological development.
Rate of Innovation
The rate of experience related to the new innovations which is prevailing in the industry
along with the amount of the resources which are being used by the other developers in the
venture is one of the biggest challenge faced by Teradyne and there is as need of match such
efforts for the purpose of remaining afloat in the industry.
Acquisition of New Accounts
There exists many clients of the organization and includes big software organizations like
the Intel who is generally associated with preferring the current status for the purpose of
leveraging the experience that they are having related to the market.
Conclusion
Failure in the process of adapting the best planning practices for a project is responsible
for Jaguar project failure. The reason behind this is that the managers were not having adequate
experience for interpreting the available data. It is possible to draw an inference after realizing
the mistakes. For this reason, Teradyne have been associated with the introduction of an entirely
new set of tools for measurement in the project development process. These tools are having the
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capability of experiencing the success which acts as an evidenced of the ability that the staffs are
having for the purpose of meeting the deadline with outmost accuracy even after the changes
taking place in the requirements and specifications.
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References:
do Rosádrio Partidário, M. (2017). The contribution of strategic impact assessment to planning
evaluation. In Beyond Benefit Cost Analysis (pp. 151-162). Routledge.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Goldberg, V. P. (2015). Rethinking Contract Law and Contract Design. Edward Elgar
Publishing.
Goldberg, V. P. (2015). Rethinking Contract Law and Contract Design. Edward Elgar
Publishing.
Heagney, J. (2016). Fundamentals of project management. Amacom.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Larson, E. W., & Gray, C. F. (2017). Project management: The managerial process. McGraw-
Hill Education.
Min, Y., & Shou-rong, L. (2013, May). Influence of behavioral factors on project schedule
management: A Monte Carlo method. In 2013 25th Chinese Control and Decision
Conference (CCDC) (pp. 4831-4835). IEEE.
Narayanaswami, S. (2017). Urban transportation: innovations in infrastructure planning and
development. The International Journal of Logistics Management, 28(1), 150-171.
Pak, A., Carden, L. L., & Kovach, J. V. (2016). Integration of project management, human
resource development, and business teams: a partnership, planning model for
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organizational training and development initiatives. Human Resource Development
International, 19(3), 245-260.
Pugel, K., & Walters, J. P. (2017). Embedding Systems Thinking into EWB Project Planning and
Development: Assessing the Utility of a Group Model Building Approach. Journal of
Humanitarian Engineering, 5(2), 10.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Yang, H. (2014). MIS 750 Strategic Project Management.
Yang, H. (2015). MIS 697 Project Planning and Development.
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