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Brainstorming

Think over the task and sound your decision, providing with effective arguments.

Your boss asks you to evaluate the potential of a merger with a competitor which both sides have discussed positively. You do a spreadsheet and find that there are major financial benefits to the merger. However, numerous jobs will have to go, including your own, which is very highly paid. Do you:-

  1. Come clean, recommend the merger and take whatever fate brings?

  2. Paint a black picture and dissuade your boss from going ahead?

  3. Recommend the merger but also recommend the creation of a new role for yourself in a sideways move, and take a chance that the merged company will buy into the idea of appointing you to it?

INDIVIDUAL PROJECT / 3-Minute Pitch:

Recent Company Change Management Programs (1 by choice)

Unit 8 theory: «The principles of project management»

«A project is a sequence of tasks with a defined beginning and end restricted by time, resources and desired results»

Edward Tufte

Project management is a process of bringing together systems of working, people and techniques to complete a project within set targets of time, budget and quality. Any successful project will have a clearly set targets, clearly defined ownership and responsibility roles, be restricted by a timeline , be supported by senior management of an organization and linked to SMART business objectives, i.e. specific, measurable, achievable, realistic and time-bound.

In any project it is essential to undertake a cost-benefit analysis to correctly assess where available resources used in current business activities are balanced with those required to keep the project running. Projects generally fail because of bad planning, a lack of resources, poor communication, undefined goals and lack of management support.

* Paul J. Meyer describes the characteristics of S.M.A.R.T. goals in Attitude is Everything.[2]

Specific

The first term stresses the need for a specific goal over and against a more general one. This means the goal is clear and unambiguous; without vagaries and platitudes. To make goals specific, they must tell a team exactly what is expected, why is it important, who’s involved, where is it going to happen and which attributes are important. A specific goal will usually answer the 5 "W" questions:

  • What: What do I want to accomplish?

  • Why: Specific reasons, purpose or benefits of accomplishing the goal.

  • Who: Who is involved?

  • Where: Identify a location.

  • Which: Identify requirements and constraints.

Measurable

The second term stresses the need for concrete criteria for measuring progress toward the attainment of the goal. The thought behind this is that if a goal is not measurable, it is not possible to know whether a team is making progress toward successful completion. Measuring progress is supposed to help a team stay on track, reach its target dates, and experience the exhilaration of achievement that spurs it on to continued effort required to reach the ultimate goal. A measurable goal will usually answer questions such as:

  • How much?

  • How many?

  • How will I know when it is accomplished?