12 Pages APA - Price/Deadline Not Negotiable - Human Resources/Project Management Experts ONLY!!!

Running head: SUBJECT ORGANIZATION AND RATIONALE 1

SUBJECT ORGANIZATION AND RATIONALE 7

Subject Organization and Rationale

Student’s Name:

Institutional Affiliation:

Subject Organization and Rationale

Introduction

Fortune manufacturing company is my subject organization. Its vision is to become the leading company that deals with renewable energy (Tao & Yina, 2016). A culture has been established in the organization, and various tools and methods have been used in projects. There was a rationale for the establishment of the company, and various goals were set. 

Organization's Name

Fortune Manufacturing Company 

Vision. Mission and Values Statement 

Vision: To become the leading company in the world that is dealing with renewable energy.

Mission: To become the leading company in the installation, design, manufacture, and supply of solar products through responsibly conducting business.

Value Statement: Ensure customer satisfaction, uphold integrity, ensuring that staff is well trained, and encouraging creativity and innovation.

Customers are retained when they are attended in a welcoming way and get quality products (Tao & Yina, 2016). Besides, other things, like after-sales services, make them feel satisfied. Proper training should be done to the staff members to know how to handle customers and conduct other activities responsibly. Also, every employee in the organization is expected to ensure integrity. Innovation and creativity are expected from employees, and thus, there will be the company's growth and expansion.

Industry Type and Organization Demographics 

Fortune manufacturing company is in the manufacturing industry, where it is dedicated to high quality and ensures that sales are progressive. It started as a small sand casting foundry in 1981 and grew into an elite valve manufacturer (Tao & Yina, 2016). The firm employs a team of highly qualified engineers, and they are dedicated to making sure that the company becomes the best.

Organizational Culture

In the company, a culture of producing high quality has been cultivated. As a result, customers get satisfied, and they keep returning and recommend others. Providing quality to customers makes them see the value of their money. Besides, the company's team is dedicated to making the company shine in the industry (Tao & Yina, 2016). They own the vision and mission of the company and give their best in what they do. They know that they have to make things happen instead of waiting for them to happen. Studies done have shown that companies with good teams perform better than those who have less dedicated teams. These employees are creative and innovative, where they come up with new ways of doing things. Funds are set aside to make sure that the ideas that are suggested are tested and implemented. These are employees who are highly qualified and know what is expected of them.

Executive Sponsor and Key Stakeholders 

The company's executive sponsor is the small sand casting foundry, and the stakeholders include Fortune valve, the USA, Fortune valve Canada and Arch metal industries.

PMO Business Case

Various projects have been managed in the company using the following methods.

1 Agile Method 

It is usually used for projects that are incremental and iterative in the company. Teams that work for the company collaborate with the customers so that the customers' demands can be met. It was created to develop soft wares, and it was meant for responding to the needs that were not met by the waterfall method. The waterfall method was not able to meet the industry's demands, which was becoming highly competitive.

2 Scrum

Five values of this method are used for the management of projects in the company. These values include respect, courage, commitment, focus, and openness. Development, delivery and sustenance of complex products are done through accountability, Iterative progress, and collaboration. Sprint retrospective, sprint review, daily scrum, sprint planning, and sprint are scrum events. Sprint backlog and product backlog are the artifacts of the scrum method. 

3 Kanban Method

Using the method, a painting of the workflow process is done where high-quality results are delivered. It operates under six practices: collaborative evolution, use of feedback loops, making policies to be explicit, flow management, limiting the progress of work, and visualization (Fernandes et al., 2020). There are various stages of the development process, and they are signaled using visual cues of the Kanban method. Kanban swim lanes, Kanban board, and Kanban cards are the cues that are involved in the process.

4 Method

Waste is minimized while the value of customers is maximized using the lean method. There is the use of fewer resources to create customer value. Three types of waste are identified using this method: muri, mura, and Muda.

5 Waterfall Method

When using this method, the progress flows in one direction the same way a waterfall does. It originated in the construction and manufacturing industries and has no flexibility since it has physical environments that are structured (Bredillet et al., 2018). The method's phases include system and software requirements, analysis, design, coding, testing, and operations. 

6 Six Sigma 

In a process, what is working and what is not working is identified using the methods to improve quality. Quality methods, which are statistical and empirical, are the ones that are used.

7 Project Management Institute (PMI)

It is a set of standards that are helpful in project management where five process groups are used. These groups include initiating, planning, executing, monitoring, and controlling, and closing.

Project Management Tools

There are various project management tools used in the organization which includes the following:

1. Gantt Chart

It is used for the management of projects through the breakdown of projects into a series of tasks. It shows the start and end date of the task and the duration, and tasks are run in an overlapping manner, parallel, and sequentially (Arbabi et al., 2020). There is the use of small diamond shapes to highlight the important events called milestones. Tracking of the project progress is easy due to the visual representation of the Gantt chart. 

2 PERT Chart

It is a tool that is used to plan and schedule the project and track its phase of implementation (Tao & Yina, 2016). Start and end dates, time allocation, and the PERT chart shows task division. It is easy to see the relationship between activities using a PERT chart rather than a Gantt chart.

3 A Work Breakdown Structure

It enables the scope of the work to be visualized. 

4 Calendar

It is used to manage time when carrying out a project. 

Project management Experience 

There is vast experience in the management of projects. Time has been spent in the planning, leading, and management of projects.

Project Management Maturity

There is a proper following of the process that is involved in the management of projects. Maturity depends on the set goals, strategies, needs, and scope.

Perceived PMO Benefits for the Organization

Overarching Business Rationale

The reason for the business's establishment is to meet the needs of the customers in the market. In the process, the founders were able to make a profit.

Long Term Measurable Goals

1 To increase production

An increase in production will be done due to high demand, and thus, more sales will be made.

2 To improve quality

3 To increase customer satisfaction

First Year Specific Goals and Metrics 

1 To break even

After that, the company will start making profits, and thus, every staff member will have better pay.

 2 To gain customer share by at least 2%

The more the customers, the more the products that will be sold and thus, more profits will be received.

Quantified Value Proposition (Short and Long Term)

Offering higher quality products is the aim of the company. Surveys have been conducted, and the needs of the customers have been identified (Tao & Yina, 2016). Besides, strategies have been developed to ensure that those needs are addressed as soon as possible.

Conclusion

Fortune manufacturing company was started in 1981, and it has grown in size with time. Its vision is to become the leading company that deals with renewable energy. There is a culture of commitment in the organization where the needs of the customers are put first. Various projects have been managed in the organization, and some of the methods include waterfall and agile. Some of the tools include the Gantt chart and the PERT chart. One of the reasons for establishing the company was to meet society's needs.

References

Arbabi H, Saleh-Taleshi M & Ghods K. (2020). The role of project management office in developing knowledge management infrastructure. Retrieved from https://www.emerald.com/insight/content/doi/10.1108/ECAM-11-2019-0600/full/html

Bredillet C, Tywoniak S & Tootoonchy M. (2018). Exploring the dynamics of project management office and portfolio management co-evolution: A routine lens. International journal of project management. 3691), 27-42. https://doi.org/10.1016/j.ijproman.2017.04.017

Tao L & Yina Z. (2016). Temporal and spatial transformation of participation in the global division of labor of the Yangtze River delta region in 2000-2010: Based on fortune 500 foreign manufacturing companies. Retrieved from http://en.cnki.com.cn/Article_en/CJFDTotal-CSFY201603008.htm

Fernandes G, Pinto E.B, Araujo M & Machando R. (2020). The roles of a programme and project management office to support collaborative university-industry R&D. 31(5-6), 583-608. Top quality management & business excellence. Retrieved from https://www.tandfonline.com/doi/abs/10.1080/14783363.2018.1436963