Week 3,4 Discussion 1 & 2
kingstonman41
Week3-DiscussionForum1.docxWeek 3 - Discussion Forum 1
Required Resources
Text
Kloppenborg, T. J., Anantatmula, V., & Wells, K. N. (2019). Contemporary project management (4th ed.). Cengage Learning.
· Chapter 9: Resourcing Projects
· Chapter 11: Project Risk Planning
· Chapter 12: Project Quality Planning and Project Kickoff
Articles
Chapman, R. J. (2019). Exploring the value of risk management for projects: Improving capability through the deployment of a maturity model. IEEE Engineering Management Review, 47(1), 126–143. doi.org/10.1109/EMR.2019.2891494
· The full-text version of this article is available through the IEEE Xplore Digital Library database in the Ashford University Library. This article provides information about risk management and will assist you in your Proposal for New Project Requirements Role-Play discussion forum, as well as your Final Project Management Plan assignment this week.
Penny, J. (2018, January 1). Are you throwing money in the trash? Occupational risks, environmental hazards and operational inefficiencies in waste management are a triple threat to your bottom line. Buildings, 112(1), 48–51. https://www.mdpi.com/journal/buildings
· The full-text version of this article is available through the Business Insights Global database in the Ashford University Library. This article provides information about improving business efficiency while reducing environmental and work place risks, and it will assist you in your Final Project Management Plan assignment this week.
Multimedia
iZenBridge Consultancy Pvt Ltd. (2018, March 2). PMP® | Introduction | Project quality management (Links to an external site.) [Video file]. https://youtu.be/nsBNJR8860A
· This video provides information about project management quality and will assist you in your Project Quality Management Design Approach Role-Play discussion forum and Final Project Management Plan assignment this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)
Recommended Resources
Book
Project Management Institute (PMI). (2017). A guide to project management body of knowledge (PMBOK guide) (6th ed.). https://www.pmi.org
· The full-text version of this book is available through the EBSCOhost database in the Ashford University Library. The PMBOK guide includes standard terminology and guidelines for project management, and it may assist you with your Final Project Management Plan assignment this week. Students should be aware of this book as a project management resource.
Article
Parsa, M., Mollaverdi-Esfahan, N, Alinaghian, M., & Rezvan, M. T. (2018). New models for a single-manufacturer multi-retailer supply chain under vendor managed inventory program. International Journal of Industrial Engineering: Theory, Applications and Practice, 25(6), 719–738. http://journals.sfu.ca/ijietap/index.php/ijie/index
· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article provides information about Vendor Managed Inventory and may assist you in your Proposal for New Requirements Role-Play discussion forum this week.
INSTRUCTION:
Prior to beginning work on this discussion forum,
· Read Chapter 11 from the course textbook, Contemporary Project Management.
· Review section 7.5: Establish Change Control from Chapter 7 in the course textbook, Contemporary Project Management.
This week, the business development manager for International Logistics Services (your project management case study) has returned from a meeting with Walmart. Walmart and Proctor & Gamble successfully pioneered the use of vendor managed inventory (VMI), which is cited in the article, New Models for a Single-Manufacturer Multi-Retailer Supply Chain Under Vendor Managed Inventory Program. The VMI concept enables the vendor or manufacturer to decide on the timing and quantity of restocking store shelves up to a certain maximum using data from the retailer. During the meeting, Walmart suggested that International Logistics Services might implement a VMI on their behalf. This would mean that International Logistics Services would need to develop a system and a process to obtain the data from Walmart and assume responsibility to order product from the various vendors and ship to Walmart ensuring no stock-outs without exceeding the maximum. The business development manager suggests that this requirement be added to the scope of the Logistics Services Improvement project.
On the one hand, this is an opportunity that could enable Walmart and International Logistics Services to develop a new innovation that ultimately may reduce ongoing costs for Walmart, and enable International Logistics Services to earn additional revenue. On the other hand, this new requirement would add risk to the project, as there are several fundamental issues that need to be addressed. In addition, International Logistics Services would need to develop information technology and processes that would be integrated with Walmart on the outbound side and on the inbound side with Walmart’s suppliers. A rough estimate indicates that the additional project investment would be $75,000. Finally, International Logistics Services has not yet secured Walmart’s business, though the two companies have worked together in other countries and have a good relationship.
Tomorrow, the director of logistics services, the business development manager, and you will discuss the proposed change to the project scope. As the project manager, prepare for the meeting by evaluating the opportunities and threats to add new requirements this late in the planning stage.
Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly or credible source in addition to the text.
