Professional Documents
Culture Documents
SPM Term Paper Description Spring-20
SPM Term Paper Description Spring-20
DATE: 08-04-2020
DUE: 15-04-2020
Introduction
This case study outlines a troubled project and the issues faced by the project. The case study attendees are
asked to analyze the project information provided and to recommend courses of action to bring the project
back on track. Attendees are also asked to suggest actions that could be taken on future similar projects to
prevent them from falling into similar problems. The key lessons learnt can be applied by other
organizations to avoid common pitfalls which result in projects going off track, as well as knowing the tell-
tale signs of troubled projects and actions to take to bring them back on track.
Background
A leading financial services company embarked on a new product development project. The nature of the
company's business is that it operates in an extremely competitive environment that necessitates fast
delivery to market so as to prevent competitor companies from gaining dominant market share with similar
competitive products. The key success factors of the project were, therefore, time to market and quality.
Cost of delivery was not a major concern.
Project Details
Scope
The scope of the project was to create a new investment product, including the systems changes, the policy
documents, marketing launch material, and the administrative user training. The project was divided into
sub-projects consisting of: Systems, Marketing, Training, and Legal. A program manager was appointed,
as well as sub-project coordinators.
Time Scales
The launch date was set as 1 June 2002. The product had to be ready for launch on this date, as all the
marketing material would reflect this date and the launch had to precede the launch of similar products from
competitors. The project start date was 3 December 2001. The tasks that had been completed prior to 3
December were the Business Case compilation and approval and the project team establishment.
Technology
The systems development was to be done using the Java programming language and environment, which
was new to the development team. The developers were sent on Java programming training 2 weeks prior
to the project start. The developers were used to working in a COBOL programming environment and had
not worked with any object-oriented languages before.
Requirements Definition
The Product Development Department developed the requirements specification for the new product. These
requirements were specified based on the understanding level of the project team, which had many years
of experience in the company and an extremely good understanding of the systems. Some of the finer details
of the requirements, such as the reporting requirements and the final policy document wording, were not
defined at this initial stage. The outstanding requirements would be agreed during the project, once the
users had decided exactly what they wanted in this regard.
Project Kick-off
The Product Development Executive, the Sponsor of the project, chaired the project kick-off meeting, held
on 3 December 2001. She emphasized the importance of the project to the company, as it would ensure
good returns by getting the new product to the market before the competitors. She stressed that the delivery
date must not be compromised in any way, as this would open the doors for competitive products and the
opportunity would be missed. The Program Manager and the sub-project coordinators were asked to get
busy immediately with their planning, and a follow-up meeting was set for 17 December to review the
project plans.
Project Plan Development
The project team had been involved in many similar projects in the past, and thus knew exactly what the
project entailed. For this reason, the plans were based on previous historical information of past projects.
The project plans included only the systems related work. The interfacing to other areas, such as Legal
Department, Marketing and Operations would be handled by the Program Manager at the specific time
required for their input. Project plans were drawn up using a scheduling tool. The phases and tasks were
detailed, but resources were not allocated to the tasks, since each resource knew exactly what their role was
on the project and which tasks related to them. Task dependencies were not put into the plan, as this made
the plan too complex. Dependencies were handled by each team member and by the Program Manager.
Progress Reporting
Progress reports were produced every 2 weeks. These consisted of a progress summary, deliverables
attained, % complete, risks, issues and cost information. (See attached most recent progress report).
Minutes were kept of all meetings. See attached most recent meeting minutes.
Progress for Period 1 February 2002 to 1 April 2002 (2 months before live date)
The Sponsor became concerned with the project progress, since she felt there was a risk of not meeting the
required delivery date. The programmers were working long hours to try catch up on the project work, as
well as doing their required maintenance and problem fixing of the live systems. The Legal Department
said that they may not be able to provide the Policy Document wording in time for the live date, due to
other priorities. They said they may have been able to if they had known about it sooner. The user
department said they may have a problem getting the test packs ready for user testing, as some staff were
going on leave over the Easter period.
Initial testing revealed that the performance of some of the modules was very slow. This was resolved to
some extent when it was found that some of the programmers had used inefficient coding, as they were new
to the programming language being used.
Exercise
1. Analyze the case study information and identify the problem areas and possible causes.
2. Consider possible courses of action that could be taken to bring the project back on track and
address some of the root causes of the problems.
• Draw the Initiating Processes and Outputs in a table.
• What should the new organizational structure look like?
• What would you do if you were one of the project managers?
• Why is it important that team members understand the goals and scope of the project?
3. Use the template provided on Google Classroom to demonstrates the following giving process
outputs.
• Prepare a Business case
• Stakeholder register
• Stakeholder management strategy
• Project charter
• Kick-off meeting agenda
• Team contract
• Work breakdown structure
• Gantt chart
General instructions:
Plagiarism: If found, ZERO in that Question. No need to defend or argue.
• You must submit your own work and not results of a group discussion otherwise will result in an
automatic F.
• This is an individual assignment, not a group assignment. Your answers should not significantly resemble
your classmates’ work.
• Use proper quotations, citations, and references, where applicable.
• Any number of figures are allowed.
• Write a coherent, concise, and convincing answer.
• Submit your answers in Classroom under “Classwork” tab in a single word/pdf file.
• Find the sample templates for submission of assignment with this document in classwork.