Assignment:
Q1 Video: Getting Started in Project Management - 2. Project Charter. Retrieved from https://www.youtube.com/watch?v=y4x6uQzP2o0.
1 Determine three most common problems associated with multi-project resource scheduling. Next, analyze at least three ways in which outsourcing project work alleviates those common problems that you determined.
2 From the video, the project charter is a plan or a statement which shows the roles and responsibilities of all stakeholders. Analyze at least three ways in which the project charter can address the types of resource constraints inherent in a business project.
Q2 Determine two advantages and two disadvantages of reducing project scope to accelerate a project. Justify your responses with examples.
2 Per conventional wisdom, shortening project duration may come at the expense of overtime, the addition of personnel, and acquiring more expensive equipment and / or materials. Sometimes, cost savings can be generated by extending the duration of a project. Suggest at least two additional options that can be used to cut costs. Provide a rationale for your suggestion.
Q3 Video 1: THE POWER OF A MERGER: SOUTHWEST https://www.cengage.com/management/book_content/9781111825874_hitt/videos/southwest_merger.html
1 From the video, analyze the essential manner in which the new Southwest-AirTran merger and resulting low-cost structure strategy could maximize both companies' long-term profitability. Support your response with at least two examples that illustrate the manner in which each company would avoid risks associated with becoming too dependent upon its corporate partner.
2 From the video, determine the fundamental drawbacks associated with horizontal integration. Suggest another corporate-level strategy that could redefine the Southwest business model and thus allow the company to increase its competitive advantage within a changing industry environment. Provide a rationale to support your response.