When an organization is using net present value to evaluate the priority of their projects it is clear there looking to see which project will bring about the most profit. How can measuring projects only on profitability hurt an organization and ultimately cost them great revenue?
The idea of creating a family of projects is to create a series of projects that support similar mission and visions as well as products. A family of projects can allow the organization to reduce costs while increasing the learning curve associated with one particular type of project. For an example if an organization is creating a series of projects that all assisting updating technology to an organization what the project team learns from the 1st project can benefit them on the 5th or 6th project. What is the downside of an organization adopting the philosophy to run a family of projects?
Widgets R US allow themselves to establish credibility for their company by being the low-cost provider in the industry. Many companies have created a low-cost position which allow them to grow and expand all beating out larger companies. What is the negative side of positioning Widgets R US as the low-cost provider?
Widgets R US has been slow to the market in picking up the dynamics for new products. This means that the company has missed out in developing new innovations because they were not able to pick up the signs from the marketplace. How would project management processes and methodologies to assist them in being able to pick up on the dynamics of the marketplace and reduce their chances of missed opportunity?