Project management report for Zenith Company Inc - Essay Example

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The researcher of this essay aims to demonstrate project planning under the new model of Zenith PM. The paper would involve undertaking a SWOT analysis of the business to determine internal and external factors affecting it for the good and the bad…
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Project management report for Zenith Company Inc
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Download file to see previous pages According to the research findings it can therefore be said that proper project management is important for any project to meet its objective and achieve success. Project management involves in-depth process of planning, execution or implementation, and monitoring and evaluation at every phase of implementation. If it is not a perpetual project, a final stage of project closing is included. The management team at Zenith PM has decided to enhance the current business strategy by introducing a new approach on their core business model to improve business performance and success. This paper will attempt to provide advice to the management of Zenith PM on the current thinking on offsite manufacturing or modern methods of construction, the potential impact of change in direction from a change management perspective on Zenith PM’s existing business strategy focusing on existing organizational and project processes, how a transition might be undertaken using a project management solution including an implementation strategy) and explore all risk management issues that may be prevalent. The management team at Zenith PM has decided to have a new approach on their core business model. They have made the decision to incorporate offsite manufacturing with an aim to enter a new niche market (which could give them competitive advantage), stabilize the workforce (to reduce turnover), and improve the financial position of the company (working capital requirements and improved order book). 2. Current thinking on Offsite Manufacturing 2.1 New development Based on the business of Zenith PM, it is apparent that reliance on the traditional manufacturing methods will not put the firm in a competitive advantage particularly given that other firms in the market have embraced advanced technologies boosting their competition and production levels. The management’s decision to adopt offsite manufacturing sounds long overdue but a good measure though challenging to grow firm size, motivate staff, increase production, improve quality, improve client satisfaction, and increase firm turnover. Offsite manufacturing leads to improved project delivery and positively influence the performance of the construction industry by reducing the project’s duration by almost half and increased onsite productivity. Zenith PM should carry out an Analysis of internal and external market forces so that they can have a smooth way forward. Zenith PM can use the business analysis model of SWOT by Albert Humphrey to identify Zenith PM’s strengths and weaknesses, which are internal factors as well as opportunities and threats, the external factors. The company’ ...Download file to see next pagesRead More
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