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    Zeeshan Zahid PM

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    Faizan Moazzam
    This document contains answers to questions about a case study involving Jason, who started an electric vehicle company, and Craig, who left his job as a project manager to work with Jason. The answers discuss whether Jason's decision to start the company was right, if Craig made a good choice to join Jason's company, and how a project manager can convince executives that their decisions are bad for business.

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    Zeeshan Zahid PM

    Uploaded by

    Faizan Moazzam
    23 views3 pages
    This document contains answers to questions about a case study involving Jason, who started an electric vehicle company, and Craig, who left his job as a project manager to work with Jason. The answers discuss whether Jason's decision to start the company was right, if Craig made a good choice to join Jason's company, and how a project manager can convince executives that their decisions are bad for business.

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    This document contains answers to questions about a case study involving Jason, who started an electric vehicle company, and Craig, who left his job as a project manager to work with Jason. The answers discuss whether Jason's decision to start the company was right, if Craig made a good choice to join Jason's company, and how a project manager can convince executives that their decisions are bad for business.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    23 views3 pages

    Zeeshan Zahid PM

    Uploaded by

    Faizan Moazzam
    This document contains answers to questions about a case study involving Jason, who started an electric vehicle company, and Craig, who left his job as a project manager to work with Jason. The answers discuss whether Jason's decision to start the company was right, if Craig made a good choice to join Jason's company, and how a project manager can convince executives that their decisions are bad for business.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 3

    Fundamentals of Project Management

    Assignment #2
    Name:
    Zeeshan Zahid
    Reg No#
    70075605
    Section: B

    Submitted To:
    Sir Sayed Abbas
    Chance of a Lifetime (A Case Study)

    Q1: Was Jason right in wanting to start up his own company?


    Answer: Jason saw a potential unused quality in creation electric controlled vehicles utilizing
    electric units as the products/lucrative spot, position regular around then gave an opportunity for
    making such vehicles since gas costs were to increment by half. Even subsequent to beginning
    his organization, gas costs were going higher and were adjusted, put contact the $3 per gallon
    mark. Consequently remembering the opportunity prepared (to be utilized) around then Jason
    was directly in beginning the business as he saw an opportunity.
    Q2: Did Craig make a good decision in giving up a potential $150,000 salary as a
    project manager to work with Jason?
    Answer: Craig settled on a decent choice as Jason had offered him 35% cash set up in
    proprietor transport however without offering backing to rights. taking to be genuine a spot,
    position if the organization made extraordinary benefits, Craig would have had an extremely
    incredible bonus in exchanging the proprietor transport cash set up and making an exceptionally
    extraordinary benefit at the correct time. On the off chance that Craig would have remained in
    the equivalent $150,000 customary installment, it would have taken him years to get extended to
    where he is today with the proprietor transport cash set up.

    Q3: How does a project manager convince executives that they (the executives) are
    making bad business decisions? How many clients did they have? Who were their
    competitors and what was the financial strength of their competition?

    Answer: A Project manager needs to present scenarios with facts and figures that the decision taken by
    the executives are bad business decisions. Business doesn't work on emotions and opportunities don't
    knock twice. Any business owner can be emotionally attached to his business, but needs to have the
    means to run the business so that more customers come in. Jason's company had only government
    contracts which had shown interest in his business idea despite sending proposals to automobile
    manufacturers. Also once the contract ended, repeat business was possible after the contract was renewed.

    Q4: If you were in Jason’s position, would you have sold the company? If so, what
    would you then do with your life?
    Answer: In the event that I had been in Jason place I would have exchanged the organization to
    the mechanical assembly for creating electric flow making unit. Likewise during the time
    timespan that was given I would have to reserve or patent the innovation to verify that I get
    regal people however long my innovation is utilized. I might have either returned to my science
    instructing or go through the cash to give it coming advances and become a one placing cash into
    business a similar way I began my organization.
    Q5: Is it true that some project managers put their careers at stake each time they
    take on a new project? Can we call this career risk management?
    Answer: There are times when an undertaking managers living is at danger while they are
    taking on new undertakings. The results of a failed undertaking can with strong effect act on the
    living of an undertaking manager, this math number that forms a part of undertaking manager’s
    regular work is not able to be taken out but it can be made seem unimportant by taking measures
    which leads in the direction of the good outcome of an undertaking. It can be stated as living
    danger business managers is some sense.

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