MSc Management with Advanced Project Management Assignment Sample
A. Project Selection and Portfolio Management
As per Birasnav and Bienstock, ( 2019) project selection and management theory, these two things are very important to developing future funding for the company. Here is a discussion about the project secession and the management of the Hilti group of companies which is a multinational company located between Switzerland and Vaduz in Europe.
Hilti is a German brand that is mainly produced focusing on the development of construction and building maintenance products (Maddry, 2021).http://MSc Management with Advanced Project Management Assignment Sample The responsibilities of the company are also to manufacture energy products and supply them to the professional end user. After 20 years the Hilti group of companies decided to make some changes in their technology. The company wants to develop its IT software for future development. The company is trying to develop a cloud software salesforce.
As per Müller et al. (2019), this development project needs all the information regarding the old structure of the salesforce software. Salesforce software is used for business help which is basically maintaining a track record between the customers and the data of the sale. This software helps the business shift into an automated structure from the manual structure which drives the sales and the marketing process.
This software helps the business by offering various types of advantages that are very beneficial for the business-like through this software a company can manage all contacts, leads, opportunities, and cases of the company. As per the study, it can say that the Hilti group of companies is very beneficial through this technology. This software is helping the Hilti group of companies to expand diversity and the revenue of the company (Mohammed, 2021). http://MSc Management with Advanced Project Management Assignment SampleThe main vision of the company for the development of this strategy is to implement a better data structure for the company.
The selection of the project is based on the screening module of the project selection, from the list of the screening module of the project management the company is selecting checklist methods which is one of the simplest models among all the project selection models.
The main objective of the checklist method is first to set a list of criteria that have to connect with the project. And apply those checklist criteria in every possible step of the project (Mohammed, 2021).http://MSc Management with Advanced Project Management Assignment Sample The main task of the checklist method is to keep tracing the tasks which are set for the project, keep on tracing all the resources and deadlines, and the set goals which must be achieved for the success of the project.
The frequent use of checklist methods can help the company to supervise the project properly (Kral et al. 2019). http://MSc Management with Advanced Project Management Assignment SampleThis method needs proper monitoring for the successful implementation of the project. This technique is also used for the identification of the risk for the company and the risk factors of the project which is set by the company.
These methods include some steps which are needed to follow for the proper implementation of the project and to develop a list of items which needs to be done through this project. Next start working on the task, and next analyse the criteria for the proper determination of the project.
The steps of the checklist method are to develop a goal and the vision the mission of the company next, then discuss briefly the project, collect the requirements for the project, make a project plan, set a budget for the project, find the resources for the data collections, and last is setting a communication plan to the success of the project.
As per the project analysis, the updating of the old sales force software is needed urgently because it is very beneficial for the company. The old version of the technology is creating a problem for the company (Si et al. 2022). http://MSc Management with Advanced Project Management Assignment SampleBut cloud salesforce software is used for business help which is basically maintaining a track record between the customers and the data of the sale.
This software helps the business shift into an automated structure from the manual structure which drives the sales and the marketing process. Hilti uses the checklist method for the project selection because it is one of the modest simplest models for the project selection but this process needs some development for the better section of the project.
B. The organizational context
The main strategy of the company is to make a better future. The company is trying to build a better future which has a great positive effect on the company. Hilti group of companies has a very good corporate strategy which is helping to create more athletic customers for the company in the future ( Derakhshan et al. 2019). http://MSc Management with Advanced Project Management Assignment Sample
The strategy of the Hilti group is mainly focusing on the sustainable values of the generation’s market leads and for differentiation. The application of the strategy depends on the workforce of the company which is why Hilti to increase the global performance appointed 32000 employees to meet the seated target by the company.
Weaknesses Strengths
| Weaknesses:
● Slow decision-making process (Liang and Abdullah, 2019). ● I Need to concentrate on the automation process. Threats: ● Having been late in the update of the company (Brunet, 2019). ● Slow work process.
|
Strengths:
● Ability to many people in the field ● Proper training and development process. Threats: ● times loses some data regarding the employee. ● Time management problems in the training and development process.
|
| Weaknesses:
● Needs greater diversity (Barzanji et al. 2020). ● High competition in the industry market.
Opportunities: ● Greater diversity can benefit the company through the company hiring process, with better communication (Gao et al. 2020). ● High competition in the company helps the company to be more popular. |
Strengths:
● Cost management is quite good for this company. ● Innovations in the company strategies and the company product Opportunities: ● The opportunity is the better cost structure of the company. ● Innovations are one of the good opportunities for future development. |
Opportunities Threats
Table 1: TOWS Matrix
(Source: Self-developed)
Weaknesses and Threats:
The slow decision-making process and the need to concentrate on the automation process are one of the great weaknesses of the Hilti company which may create a barrier to the future development of the company (Gao et al. 2019).http://MSc Management with Advanced Project Management Assignment Sample
This weakness also leads to some threats which are Greater diversity can benefit the company through the company hiring process, with better communication High competition in the company helps the company to be more popular. These threats need to be resolved as soon as possible for positive future funding for the company.
Strengths and Threats:
Hilti has many strengths which are driving the company positively and which have also had a positive impact on the company (Rossit et al. 2019).http://MSc Management with Advanced Project Management Assignment Sample In this analysis, we will discuss the two strengths which are the Ability to many people in the field and the Proper training and development process.
These two strengths are helping the company manage the workforce. And the application of innovative strategies and the innovation in the product helps the company to generate sales and helps the company to generate revenue. But there are also some threats regarding the strengths which are times losing some data regarding the employee, Time management problems in the training and development process.
Sometimes in workforce management, there are some problems faced by the company. Sometimes the company has issues managing the wide employment of the company. The company is facing a huge threat regarding the time management process (Park et al. 2020). http://MSc Management with Advanced Project Management Assignment SampleDuring the training and development process, the company sometimes faces management problems. These threats need to be rectified as soon as possible because the threats may create some issues in the future development of the company.
Weaknesses and Opportunities:
Some other weakness of the company is the diversity problem which is very unhealthy for the company. And the other weakness of the company is the High competition in the industry market (Park et al, 2019).http://MSc Management with Advanced Project Management Assignment Sample There are lots of companies from the same industries competing against each other.
Sometimes it is creating some issues in the generation of revenue. All weaknesses can turn into opportunities like Greater diversity can benefit the company through the company hiring process, with better communication and High competition in the company make helps the company for being more popular this can be an opportunity for Hilti to make a competitive strategy by developing the variety, visibility and the diversity of the company.
Strengths and Opportunities:
The other strengths of the company are Cost management is quite good for this company, innovations in the company strategies, and the company product. These two strengths can be turned into opportunities that improve the cost structure of the company.
Innovations are one of the good opportunities for future development. These are all the opportunities which have the company can apply in the future development of the company.
Here in this part will discuss the organizational structure of a company and what is the importance of the organizational structure. And what is the appropriate organizational structure for the Hilti (Li and Liu, 2019). http://MSc Management with Advanced Project Management Assignment SampleThe company chooses the functional organizational structure. This is a basic and common type of organizational structure based on the different areas of expertise in the department.
Helping the company with the Selection of employees as per the specialty. And it also helps the company to set the skills for the company and for the employees and helps to rotate those. Throughout the process, Hilti divided the departments into smaller groups, and the division is based on the specialization in a specific sector in the functional area. The company divided its function into the two-sector which are marketing and finance.
C. Project governance
There is project governance in project management which are portfolio board, project board, and project management. The portfolio board is basically used for the approval of the funds. Next, the project board is used for the approval of the essential documents.
Next is project management which is responsible for the daily-to-daily decisions which are very impactful for the business (Burley et al. 2019).http://MSc Management with Advanced Project Management Assignment Sample As per the above study, the company has to choose two project governance project boards and project management. The main focus of the project board is that it provides a body to the project.
Which works as a benefit for the project works. This type of project governance provides the company with financial statements. helps the business shift into an automated structure from the manual structure which drives the sales and the marketing process.
This software helps the business by offering various types of advantages that are very beneficial for the business-like through this software a company can manage all contacts, leads, opportunities, and cases of the company. The board will represent all management and financial data to the user.
Project governance generally consists of some essential elements and this includes the identification of a clear objective and focus, presence of the clear responsibilities and roles, the leading of constructive tones, and the involvement of bright people.
Here as per the knowledge of the project will choose the project board governance through this process the company can benefit in lots of ways which as providing a body to the project, next it provides a statement of the financial and management status of the company project that helps the company for the findings for the future.
helps the business shift into an automated structure from the manual structure which drives the sales and the marketing process. The four elements of this process are accountability, participation, predictability, and transparency of the project. The structure of this type of governance is a full set of rules. policies and procedures which are essential for the management of the project.
This process helps to define and discuss the discussion which is made during the project. Project governance is the measurement of the project’s success. The main three roles of project management are project sponsor, project stakeholders, and project manager. Project governance has many frameworks. The 5 pillars of this type of governance are the vision through this step company can create a vision along with the nation it helps the company to identify its goals. Next is the authority over the projects it helps the company to maintain the authority over the projects.
The next step is the expansion of the project’s goals and it helps maintain the flexibility of the project methods. Next is transparency and fairness this step is giving transparency and fairness to the project which is very beneficial for clearing the vision of the company project. The last step is human recourse capacity, through these steps the company can clearly objectify the strengths and the weakness of the human recourse of the company during project management. Through this governance, the company can increase the participation of the employee in the project management is also beneficial for effectiveness and equity, and efficiency and helps to main the rule of law for the project.
As per the study, it is recommended that the agile method is appropriate for Hilti to develop and the successful result of the project because This governance gives more focus on the customer’s process. This process focuses on the quality management of the process.
The methodology motivates the company. It is reducing the risk of the development process. project board governance is a full set of rules. policies and procedures which are essential for the management of the project.
This process helps to define and discuss the discussion which is made during the project. Project governance is the measurement of the project’s success. The main three roles of project management are project sponsor, project stakeholders, and project manager. This is why the company selects the project board among all the governance strategy.
D. Leadership
In recent technology, several companies such as Hilti groups migrate their services to a cloud-based system. Salesforce software is generally used for business help which is basically maintaining a track record among the customers and the data of the sale. As per the argument of Fábrega Ferrer (2022), gaining sustainability and stay competitive in commercial growth.
The Hilti group depended on the development, market production, and manufactures for establishing maintenance, construction, and establishing industries. The main objective of the Hilti group is to initiate sustainable value via leadership of the market as well as differentiation.
The leadership of marketing might help the business while containing high prices rather than market share and business. It might be necessary to say that, several digital platforms may be the best for the Hilti group accordingly.
As per the argument of Herburger et al. (2022), effective project management leadership may rely on a better foundation of any project management, here for the company of Hilti.
Along with several parts that are moving vans a huge number of members of the team with professional backgrounds that are diverse. Therefore, strong leadership might play a vital role in workflow movement in the correct direction. Adding the leader of project management for the Hilti company team might be the “difference maker” while gaining huge productivity along with a better environment regarding work.
As far as leadership is concerned, though there are several mistakes that happen to the manager of the project, the leader of project management may hold a very important role within the organization. The given company is based on sales force development software that helps to transform data.
De Kruijf et al. (2022) have mentioned leadership that, like the role of project coordinators and officers of project management, the leader generally works abruptly with the manager of the project to give assurance the goals that are met. It is quite simple to confuse the leader of the project with the manager of the project.
As per the argument of Yacine (2021), get dependent on the structure of Hilti, the role of the leader as well as manager and their responsibilities might overlap at some point. It can be said that the leaders of the following company give their focus on the larger picture such as progress reports, managing schedules, and project deadlines.
The project champion that has been given, that is a leader helps to solve all the problems respectively. The responsibility of a project leader is dependent on the industry, the company, and the role of project management. The leadership of marketing might help the business while containing high prices rather than market share and business.
Strong leadership generally has important role in workflow movement in the perfect way. As argued by Van Zyl (2020), Working along with departmental managers as well as leaders help to progress the goal of the team and may delegate task to generally appropriate the member of the team.
Initiating along with communication may clear up the expectation list and goal regarding team member helps to develop the company Hilti. Not only that but also providing emotional support to the members that work within the company and giving them value are very much helpful for the company to progress. Without the leader, it is not possible to work properly and they are the main reason for fulfilling all of the projects and conducting them rightfully.
E. Advance planning and scheduling
Managing the project is a very important part of the process. To successfully manage the project the company needs to follow the project governance structure. The structure is a full set of rules. policies and procedures which are essential for the management of the project.
This process helps to define and discuss the discussion which is made during the project. Project governance is the measurement of the project’s success. The main three roles of project management are project sponsor, project stakeholders, and project manager. Project governance has many frameworks. Among all those frameworks will discuss two frameworks which are waterfall methodology and the second one is agile project management.
Differences between the waterfall methodology and the agile project management.
| Waterfall methodology | Agile methodology
|
| Advantages
● It is one of the easiest models in the project governance methods. ● These methods help the process to deliver the result very fast. ● These methods have very easy applications. ● These methods help the project to be self-dependent.
Disadvantages ● This is not appropriate for the implementation of large-size projects. ● The needs have to be clear at the beginning of the methods otherwise the outcomes are not effective. ● This process has limitations regarding the move back and making changes to the previous things. |
Advantages
● This governance gives more focus on the customer’s process. ● This process focuses on the quality management of the process. ● The methodology motivates the company. ● It is reducing the risk of the development process. (Burley et al. 2019) Disadvantages ● This model is not applicable to the small business project. ● Requirements of the expert opinion in the project decision. ● If the management of the project is not clear then easily the result can fail. ● The cost of the methods little higher than the other methods (Li et al. 2019). |
Table 2: Methodology of project management
(Source: Self-developed)
The above section consists of the advantages and the disadvantages of the methods in project governance, this part will discuss the difference between these two methods.
As per the table, it can sway that It is one of the easiest models in the project governance methods. Waterfall methods help the process to deliver the result very fast. These methods have very easy applications. These methods help the project to be self-dependent.
On the other hand, the agile project management methods This governance gives more focus on the customer’s process. This process focuses on the quality management of the process. The methodology motivates the company. It is reducing the risk of the development process.
But waterfall methods are not for large-size project implementation, but the agile method is for large-size project management. so it can say that the Agile method is perfect for this project management.
As per the study, it is recommended that the agile method is appropriate for Hilti to develop and the successful result of the project because This governance gives more focus on the customer’s process. This process focuses on the quality management of the process. The methodology motivates the company. It is reducing the risk of the development process. Because of the size of the project of the Hilti company, this method can be recommended because these methods are perfect for large-size project implementations.
It follows the steps of the incrementation which is very healthy for the project. The most important advantage of this project is that it is a very flexible method that allows any change in the project plan in any situation or place as per the requirement of the project benefits. That is why it can say that the Agile method is perfect for this project management.
On the other hand, waterfall method has some advantages and is one of the easiest models in the project governance methods. These methods help the process to deliver the result very fast. These methods have very easy applications. These methods help the project to be self-dependent. But because of all the disadvantages of the waterfall method, this is not appropriate for the implementation of large-size projects.
The needs have to be clear at the beginning of the methods otherwise the outcomes are not effective (Li et al. 2019). http://MSc Management with Advanced Project Management Assignment SampleThis process has limitations regarding the move back and making changes to the previous things. That is why the company thinks that waterfall is not appropriate for to project governance structure for Hilti.
Here in the following study, the methodology has been provided along with its advantages and disadvantages. As it is mentioned, handling a project is pretty important due to the project that has been given. Here agile as well as a waterfall, both methodologies have been chosen.
As argued by Gerster et al. (2021), using the waterfall methodology has some advantages such as it is pretty traditional in the methodology. The following method may help the procedure to deliver the general result ghastly. While coming to the advantages of it, the process might contains limitations due to the making changes and moving back. They need to get clear about the starting point. These points are not very much correct regarding the application of large-size project.
As argued by Thummadi and Lyytinen (2020), there are several advantages of using the agile methodology. The methodology might provide much more focuses regarding the process of consumers. It can be said that the procedure might give the basic quality of the management procedure.
Along with the advantages, the disadvantages also create problems for conducting any project. There is some demand regarding the basic opinion due to the decisions of the project. Apart from these, the cost of the method is pretty much higher rather than other methods.
These methods generally assist in delivering procedure the result that is really speedy. These methods have very easy applications and these methods might assist in the project to be dependent on them self. However, as per the assumption of Khoza and Marnewick (2020), all disadvantages of the waterfall method, this is not appropriate for the implementation of large-size projects.
F. Managing and Leading Change
Hilti which is a German based company works on the construction of the building. Therefore, for the improvement of the workforce and building innovative types of building according to the taste and preferences of the customers. As per the views of the author Farokhad et al. (2019), the company developed the introduction of sales force software, which helps the company to gather all the information of the valuable customers who are interested in the flats.
Therefore, the company takes the initiative to develop its skills by selecting those employees and workers who have the ability to produce new innovative ideas for the structure of the building and gathers quality skills and knowledge in order to benefit the company.
The company must take measures to build an efficient team which consists of all the necessary skills and knowledge to produce an exclusive structure. As per the views of the author (Halala and Fayek, 2019), this will helps the company to arise the interest of many valuable customers who will buy the flat if convinced with the proper design the company intends to produce and provide them.
Moreover, the manager and the leader take the responsibility of guiding the new workers and employees along with existing employees towards the right direction by providing the proper training and guidance.
This will help the employees and the workers to enhance their knowledge on constructive sites and help the company to achieve that unique construction which will hold high value in the eyes of the customers who are willing to buy the flat.
Therefore, this change in management and leadership creates a wider range for the company to make a profit in the global international market and create its own brand reputation. According to the views of the author (Grace and Uveges, 2022), this will help the company to get recognized around the entire globe and attract customers to buy their place.
Thus bringing a successful project team helps the project manager to create an environment where a healthy competition is created among the employees and the workers to create an innovative idea for the company to get a competitive advantage over the other constructive business company.
As per the views of the author Vincent et al. (2020), the manager of the company takes the initiative to understand the problems of the employees and the workers and created solutions in order to perform better in the task and acquire the skill and experience to handle future barriers much more easily.
Furthermore, the manager also takes the responsibility of awarding that employee for whose innovative constructive idea, the company has become successful to achieve the desired targets it wished to achieve in the future.
According to the views of the author (Halala and Fayek, 2019), the manager provides promotions to the employees who becomes successful in showing their worth to the company, and it also provides the right amount of salary to the workers and the employees who are providing their everything for the company.
All these measures initiated by the company help the employees and the workers to work with full motivation and execute the best result for the company’s success.
The company greatly supports the unity of teamwork, commitment, courage and integrity which helps them carry on their work with full force and gets success to create magnificent buildings which attract a couple of wealthy customers who are willing to buy the flats.
As per the views of the author (Nicholas and Steyn, 2020), this helps the company to get a huge amount of profit in the global international market and create a reputation for its company, which creates an impact on the customers and influences them to buy the places that are constructed under the management of the Hilti.
Therefore, effective teamwork with skills and knowledge to produce new innovative ideas helps the company to make unique construction.
Therefore, based on the proper management of the framework it can be seen that the company solely utilizes the sales force software to gather the important data that are provided by the customers and takes the initiative to make effective construction with the best skilled and knowledgeable employees and workers.
As per the views of the author (Grace and Uveges, 2022), with this huge change in the management framework, and the proper use of the sales force software, it helps the company to achieve the desired goal it wished for, and make a profit from the international global market.
H. Assessment Self-Evaluation
Hilti constructive business Company which stands for innovation, quality and direct customer relationships. The company holds an employee of 3200 from around the world, from more than 120 countries.
The company takes the initiative to work on construction sites with all the safer and the faster methods which helps the employees and the workers to work in a safe environment with full motivation.
During the past 20 years, this German-based company did not become that successful in constructing exclusive buildings which must have attracted the customers to buy them. Therefore, the company initiated a new project on sales force software (Nicholas and Steyn, 2020).This software helped the company to get the knowledge of the customer’s interaction and keep a track of their valuable data.
Therefore, with the introduction of this software, it helps the company to bring improvements in its workforce and make the constructions as per the demand and needs of the customers who are interested to buy flats from its company (Armenia et al. 2019).http://MSc Management with Advanced Project Management Assignment Sample Therefore, with the help of this software, it provides a huge support to the company. The leaders and the manager, who are managing the project, help them to manage the project according to the target initiated by the organization.
Therefore, the leaders can show the employees and the workers the right direction. Therefore, following the proper guidance with the proper training, it helps them to perform efficiently in their workplace and provide the positive outcome required by the company for making a profit in the international business.
Conclusion
It can be concluded that the project secession and the management of the Hilti group of companies is a multinational company. Sales force software is generally used for business help which is basically maintaining a track record among the customers and the data of the sale.
The main objective of the checklist method is first to set a list of criteria that have to connect with the project. It can be said that the cloud sales force software is used for business help which is basically maintaining a track record between the customers and the data of the sale.
It can be concluded that the project secession and the management of the Hilti group of companies is a multinational company. The main objective of the project is first to set a list of criteria that have to connect with the project. It can be said that the cloud sales force software is used for business help which is basically maintaining a track record between the customers and the data of the sale.
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