Professional Documents
Culture Documents
Report 1 - Project Management - Group 4
Report 1 - Project Management - Group 4
Report 1 - Project Management - Group 4
1/Objective
Our team aims to define a selection model to be used to select the best model after evaluating
different models to ensure that they fit your goals and deliver performance best possible. That goal is
a video content that is easy to understand, modern video and can convey to everyone the information
of the research that our team wrote. The project should be completed within 1 month (before 2th
November 2022)
2/Main/Major deliverables
The project about the long-term development for a company having the right strategy was completed.
- The script video to includes timeline, time, activities, detailed explanation and speech was
clearly written
- The video lasts more than 5 minutes described what a company needs to do to have a right
strategy
- The report recorded the process making this project has 4 parts: project overview, develop
structure of project team, activities in the project using Work Breakdown Structure,
conclusion and lessons learned finished
3/ Milestones
4/Technical Requirements
- Also, the video length is only 3-5 minutes, which limits its ability to express all of its ideas.
- The team is inexperienced and lacks time to work together.
- The topic is a bit theoretical, so it's hard to explain it easily.
Part 2:
1/ Structure of my team
EDIT VIDEO
The main reason our team chose this functional organization structure is that team members can focus
on their specific work and accomplish more specialized problems. In addition, people who work in a
functional structure are more likely to have the necessary skills to work efficiently and effectively
than those who are not familiar with certain subjects, this can lead to greater productivity. This
structure has clarity since the hierarchical structure of a functional structure helps employees
understand their responsibilities and roles within the organization.
4.1 Conclusion
Applying a selection model to evaluate projects is a necessary and highly practical topic, helping
project managers to choose which model is most suitable for the given situation. It is also a topic that
helps students understand the importance of the evaluation models and project selection that have
been taught throughout this course. The theme will also bring high economic returns as shown
through the performance, economic and financial analysis throughout the video. However, the project
is still not completely successful in terms of objectives because there are many points that need to be
improved. The topic is done by students, so there will still be shortcomings in terms of capacity,
investment, funding, machinery, and necessary tools to be able to create a better and more accurate
video.
4.2 Lesson learn through the object
4.2.1 About knowledge
Understand the definition of the steps involved in a project selection process
Deeper understanding of project selection models such as payback model, the net present value
(NPV), Internal rate of return (IRR), Non-financial and Multi-weighted scoring model
4.2.2 About skills:
Know more about how to create a video animation and the steps to work around it
Know how to write a report to report the progress of a project
4.2.3 About experience:
This project is a project done by a team, so it requires the participation and input of all members. Each
member has a separate task assigned by the team leader from the beginning and must perform his or
her role proactively so that the project is completed in the best way. The team leader must be
responsible for closely monitoring the progress of the project to have the most accurate assessment of
the contribution of each team member and to prepare contingency plans in case of unexpected arising.