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Individual - Videoconference - Assignment Example

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Modern business faces stiff competition from the rival firms as they try to maximize their profits with the limited resources hence must find the right balance in the inputs to employ to improve the outputs, .as a result firms remain innovative and adopt modern technologies that…
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Individual - Videoconference
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Download file to see previous pages The manager should be able to define the project success standards by identifying the various stakeholders involved which include those that are directly affected by the project, persons who sponsor the project implementation and the society at large (Journal, 2013). This will aid the business to upsurge its market share, meet the customer targets by attaining specific standards, the firm will also be able to increase its revenues since they can achieve the target sales while maintaining the customer satisfaction and keeping up with the industry and state standards. However the problem exist since some goals will be given more priority than others as there will be a trade-off of the choices. But the business goal must be decided since it is only rational to determine direct issues that will affect sales and improve revenue.
Second, project manager should allow degree of freedom, project animators and decide on the restraints. Constraints are the limited resource available while the motivators are those factors that initiates a faster result of the project and freedom allows for adjustments during the project cycle (Charrel & Galarreta, 2007). This factor is advantageous to the company’s projects to be stretchy so that it can be successful. None the less, allowing too much flexibility may lead to wide deviations from the project objectives and should only be allowed at minimum levels. This factor has the rationale that if one direction is bound to fail, the manager can find other alternatives to remedy the situations while maintaining the project desires.
Third, the manager should set achievable goals and avoid impossibilities. This is done by negotiations by consumers, managers of the organizations and all the staff members involved on the realistic targets to work on while keeping a good demand and forecast predictions about the future (Kerzner & Learning, 2013). This will enable the company to solve problems ...Download file to see next pagesRead More
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