Strategic Vision and Sense of Mission - Essay Example

This is especially useful in approaching new products because it involves seizing new opportunities after consideration of the company's strengths. An evaluation seeks to check whether the implemented projects were effectively realized as per the original strategic visions.

Making cross-functional decisions
Overall objectives of a company can never be met in solitude. It takes shared resources as well as commitment. Experts from various departments and even outside companies and consultancy groups come together to manage the decisions that are sound to the operations of the company. With their diverse backgrounds, they are able to make decisions valuable to a company vision.

Achieving objectives
An organization may seek market leadership through a collection of methods such as low-cost products of superior quality and great innovation. However, projects are the most outward methods that the organization can use to measure the achievability of the objectives. A company may be efficient internally as well as externally and this can be seen from the way objectives are effectively met.

Question 2: Scope Analysis and Closeout
What are the principal benefits of developing a comprehensive scope analysis?
Comprehensive scope analysis is a very important planning technique. This is because it specifies the contents of the work as well as the outcomes of the project. Scope analysis helps put in mind the number of resources required and the level and amount of activities required to complete a project. A comprehensive scope analysis takes into account several steps to be put to mind to make sure that success is guaranteed. At this stage, conceptual development is put into account to make sure that the best methods of achieving the goals of the project are the ones that are primarily used. Scope analysis also has a scope statement that seeks to put a limit to the development level of the project that is required. With consideration of six important steps, with each step serving a specific purpose, the benefits of scope analysis cannot be overruled.

What is the logic behind developing a plan for project close-out prior to even beginning the project?
According to Pinto (2012), Project closeout at this stage is important because it allows the managers and the clients to consider the types of records as well as reports required. This information is supposed to be collected as early as possible in the planning process so that information is collected during the development of the project (Pinto, 2012).

They serve to:
• Solve disputes by acting as correct records when the project is done
• A training tool that is very useful at the post-project level
• Facilitates auditing of the project by making clear the details.
A successful project is one that starts with the end in mind of all the planners. Closeout will make managers put to task all the information that they will require to put to task during the development period. Closeout documentation tracks the following information;

• Historical records
• Analysis at the post-project stage and
• The financial closeout. Read More