Faculy Marked Assignment No. 3: Mechanical Engineering Department
Faculy Marked Assignment No. 3: Mechanical Engineering Department
Faculy Marked Assignment No. 3: Mechanical Engineering Department
Submitted by:
GROUP 2
Antonio, Renato Miguel D.
Aron, Vincezar C.
Burgos, John Adrian I.
Castillo, Zepheus M.
Cleofe, Isiah Jiego B.
Cruz, Vincent Kristoffer D.
Domingo, Ralph Francis L.
Granada, Joshua P.
Nabos, Fritz Gerald A.
Nevalga, Cian Michael R.
Paguagan, John Kenneth P.
BSME 3-1
PUP NDC Compound, Anonas Street, Sta. Mesa, Manila 1016 Direct Line: 716-6273
Website: www.pup.edu.ph | Email: [email protected]
1. Lack of clear links between the project and the organization’s key strategic
priorities,
• Make sure to know how the priority of this project compares and aligns with our
other delivery and operational activities.
• Make sure to have a clear project plan that covers the full period of the planned
delivery and all business changes required and indicates the means of benefits
realization.
• Make sure the project founded upon realistic timescales, considering statutory
lead-times, and showing critical dependencies such that any delays can be
handled.
• Make sure the project management team have a clear view of the
interdependencies between projects, the benefits, and the criteria against which
success will be judged.
• The decisions must be made early, decisively, and adhered to, to facilitate
successful delivery.
• Make sure the project have the necessary approval to proceed from its nominated
Oversight Manager either directly or through delegated authority to a designated
Senior Responsible Owner (SRO).
3. Lack of effective engagement with stakeholders.
• If your stakeholder has a high level of influence in the project but not as much
interest, they should be kept satisfied, which means they need regular updates
and their feedback is important.
• A stakeholder with both a high level of influence and interest needs to be managed
closely. That means meeting with them more than the group that is in the “keep
satisfied” category, and their feedback is also critical to any decision-making.
• Those who are lower in influence and higher in interest tend to be your customer
base. They need updates on progress, too, but not with the frequency of the
“manage closely” and “keep satisfied” groups. Those who are low on both influence
and interest need monitoring, of course, but probably only need to be informed of
big steps in the project.
• Proactively engaging with clients during the planning phase can help you get their
exact requirements as well as understand their expectations. Additionally, planning
your resource and talent usage accurately is also key. It’s also important to not
take up ad-hoc change requests during project execution as this can result in
delays and added costs. Stick to the initial plan.
PUP NDC Compound, Anonas Street, Sta. Mesa, Manila 1016 Direct Line: 716-6273
Website: www.pup.edu.ph | Email: [email protected]
5. Lack of understanding of, and contact with, the supply industry at senior levels
in the organization.
• Making sure the supply industry partners understand and agrees that the approach
of the project is achievable.
• Making a clear strategy for engaging the supply industry partner for a long-term
relationship. Having this relationship with a supply industry partner would increase
the quality of the supplies needed and decreases the pricing.
• Having constant communication and comprehension with the supply industry
partner should be prioritized. Complying and negotiating with the supply industry
partners are important to achieve the project’s demands and needs in compliance
with the partner.
PUP NDC Compound, Anonas Street, Sta. Mesa, Manila 1016 Direct Line: 716-6273
Website: www.pup.edu.ph | Email: [email protected]
• Make sure the approach has been tested to ensure it is appropriate in the scope
of the project. Making sure that the approach towards making manageable steps
to be as efficient as possible.
• Allow sufficient allocated time for each step to attain high quality work. Providing
ample time for each step would lead to better quality of work and attention.
• Make sure the time allocated would be just enough and not over the timed needed
for an efficient workflow. Allocating inadequate time would cause the project to
prolong therefore affecting the financial aspect of the project.
• Managers must consider the long-term consequences of short-term cost rises and
be inventive in devising strategies to gain a competitive edge by limiting the impact
of inflationary cost pressures on the company's strategy.
• The company must analyze the impact of growing cost pressures on its growth
goals and market share possibilities.
• A company considers how future cost increases will affect both the operational and
capital sides of the production equation. Unless the company's development
prospects are positive despite inflation, or unless the industry has immature
technology and "breakthroughs" can take away certain sources of growing
expenses, it will have to consider harvesting or divesting.
PUP NDC Compound, Anonas Street, Sta. Mesa, Manila 1016 Direct Line: 716-6273
Website: www.pup.edu.ph | Email: [email protected]
9. Lack of effective project team integration between client, the supplier, and the
supply chain.
PUP NDC Compound, Anonas Street, Sta. Mesa, Manila 1016 Direct Line: 716-6273
Website: www.pup.edu.ph | Email: [email protected]