SBM43305 Project Life Cycle Assignment Sample
Here’s the best sample of SBM43305 Project Life Cycle Assignment, written by the expert.
Threats in the new project
There are different key threats that can be faced by the firm I the new products development ad create the issue for the firm to successful business management. It is because due to increasing level of the cooperation, the need and the demand of the customers are also changing that also creates the issue for the firm to manage the work and to handle the all working activities.
So, for managing this issue and to perform well, there are different key threats that can be faced by the firm in the development of new project “Girl Project”. But at the same time, the one of the major threats that can be faced by the firm is the lack of a continuous improvement process. It is because they needs of the customers are continuously changing that is a big issue for the firm and people like to buy the prodicts of the firm that produces the unique and latest products for the customers (Baum, 2016).
Because of this, it is one of the major threats for the firm and for managing this threat, it is needed for the firm to use the quality and function in their project and improve the technology. It will be effective for the firm Maybelline to get the success in the new project and to develop a good base of the customers.
Apart from this, there are also some other threats such as employees engagement. It is because there are different firms that are looking tom hire the talented and the experience people to provide the better quality products for the customers and to develop the customer base. So, it the new project, any dissatisfaction of the employees from the firm and the other aspects related to the work will affect the employees’ engagement and can also create the issue of employees’ retrenchment.
Because of this, it can be determined that employees’ engagement will be the major threat for the firm Maybelline in the new project (Nellemann et al., 2014). At the same time here are also some other issues such as document control and the better use of the quality management system that can also be faced by the if mi the business and can affect the business of the firm as well.
The reason in this is that in order rot manage the work and to have a good customer base there is a need for the firm to use the better management system and always keep the record of the all business expanses. Sometime, in the new business, it creates the issue for the firms to keep updates the all business and to use the better software of managing the quality (Koller, 2016). It can be determined that Maybelline can also face the threat of increasing level of the competition.
The reason in this is that the new business of the Maybelline is unique and there are different firms that are also looking to open those types of same project for the customers. It is because it will provide the competitive advantages for the firm and will also increase the performance of the firm in the market (Cleden, 2017).
As well as, the need of the customers are also continuously changing that can also be a major reason behind increasing level of the competition. So, it can be determined that here are different threats at internal and external level that can be faced by the firm and can affect the business of the firm as well.
Legal issue and Ethical concern
However, this new project will provide the lots of advantages for the firm and will also increase the value of the firm in the market but at the same time there are also different issues related to the market, government, cultural, etc that can also be faced by the film and will also affect the business of the firm as well. It is because for successful business management, it is needed for the firm to follow the all ethical rules and the regulations and also manage the ethical values of the firm.
In this, it can be determined that the most common issue that can be faced by the firm is disgruntled employees (Gurin et al., 2015). It is because there are different rights that are provided by the different government of the different country for the employees. And, for every firm it is needed to follow the all ethical rules related to the employees. The all issues can be related to the union, wrongful termination, fair policy, etc. So, these all will be the major ethical issues that can be faced by the firm at the time of managing the project.
There are different employees of the different culture work in a firm so manage the rules and the regulation and to makes the fail policy by concerning the culture of each and every employee is one of the major issues for the firm (Goodman, 2016). So, it can be determined that disgruntled employees are one of the major issues that can be faced by the firm in the successful business management and to get the success in the new project.
On the other hand, it can be determined that discrimination/harassment Cases are also one of the major issues for the firm in the successful business management. The reason in this is that there are different employee of culture background work in a firm so many issues can affect the employees’ engagement and the working of the firm.
During the working period, there are different issues that are raised related to the work, discrimination/harassment cases etc that creates the issue for the firm to manage the condition to perform well in the market. So, it is determined that discrimination/harassment cases are the major issues that can affect the business of the firm and can also affect the business of the firm as well.
Apart from this, there are also different issues and in this, Immigration Audit is also one of the major issues that are raised and affect the business of the firm as well (Cherry, and Jacob, 2016). It is because for managing the business and to perform well, it is needed for the firm to motivate the employees to work effectively with full fairness that can be effective for the firm in the time of audit.
So, it is also one of the major issues because if the employees of the firm are not working properly and not have the fairness the it will affect the business of the firm and will also creates the issue for the firm in the successful auditing. Thus, it can be determined that there is a need for the firm to focus on the immigration audit for managing the ethical issues and to perform well in the market (Shils, 2017).
Apart from this, Dissatisfied Customers is also one of the major ethical issues that can be faced by the firm and can affect the business of the firm as well. It is because it is needed for the firm to follow the different rules regarding provide the quality products for the customers and to manage the price of the project as well. So, it will be needed for the firm to follow these all things and to manage the customer satisfaction as an ethical way.
Because of this, it can be determined that dissatisfied customers is the major issue that is faced by the firm. In this, it can also be determined that there are also other issues such as legal disputes with competitors and contractors, good communication in the workplace, etc that can also be faced by the firm as a ethical issue in the firm (Chetty, 2017).
So, it can be determined that there are different issues that are faced by the firm and affect the business of the firm as well. For managing these issues, it is needed for the firms to manage these all issues and operates the business effectively.
Project Closing Process
There are different steps that will be followed by the firm in the business closure or the closures of the project. At the same time, it can be determined that there are major seven stages that will be accomplished by the firm to close any project. Below are the stages that can be used to close the project.
Steps 1 – Confirm work is done as per the requirements
Steps 2- Complete procurement closure
Steps 3– Gain formal acceptance
Steps 4- Complete final performance reporting
Steps 5– Index and archive records (Kerzner, and Kerzner, 2017)
Steps 6– Update lessons learned
Steps 7– Hand-off completed product
Steps 8– Release the resources
These are the states that will be followed by the firm in the successful project closure. In the first stage, confirm work is done as per the requirements, it is determined that the wok that is already take and the running out have been completed or not and if not, so what will be the time to accomplish that task. It is because without accomplishment of the task, it is not possible for the firm to close the business.
Because of this, in the first stage, it is done by the firm. At the same time, in the second stage, firm has to close the all procurement hat need to be made to the suppliers or partners as well as all stages of the procurement should also be completed (Kendrick, 2015). In addition, in the third stage, (gain formal acceptance), it is cleared that all project and project deliverables has been taken from the customers.
In this, it is clearly written by the customers that they have got the all services and there is not any pending on the customers. Because of this, it is also one of the major and effective stages of the project closure. In the fourth stage of the project closure, the performance of the firm is recorded and it is determined that all major things such as cost performance, schedule performance, quality performance etc have been calculated or not.
In addition to this, in the fifth stage, it is also illustrated that the all collected documents are finalized or not. It is because without finalization of the collected document, it is also not possible by the firm to close the project so that Maybelline will also consider this aspect also (Zuofa, and Ochieng, 2014).
In addition, in the update lessons learned stage, the documentation process is completed by the firm and it is also informed to the all stakeholders that firm are going to close its business. In the seventh stage (hand-off completed product), it is determined by the firm that product of the project is handed over for the use of the end customer and there is also no remaining work on the firm.
It is also determined that firm has been competed the documentation project because it makes clear for the firm about the perfect closure of the project (Ikediashi et al., 2014). In like manner, in the last and final stage of the project closures, all resources of the firm are released successfully by the firm for the other firm and the business. And, now firm is full ready to close the business.
References
Baum, F., 2016. The new public health (No. Ed. 4). Oxford University Press.
Chetty, R., 2017. How safe is your digital therapy session? A review of ethical considerations for online counselling(Doctoral dissertation, City University of Seattle).
Cleden, D., 2017. Managing project uncertainty. Routledge.
Goodman, K.W., 2016. Ethical and legal issues in decision support. In Clinical decision support systems (pp. 131-146). Springer, Cham.
Gurin, N., How, P.D.S., Jackson, S.A. and Yu, P.N., 2015. How significant are the security and political risks and threats to China’s grand westward strategy in central Asia?. Capstone Project.
Ikediashi, D.I., Ogunlana, S.O. and Alotaibi, A., 2014. Analysis of project failure factors for infrastructure projects in Saudi Arabia: A multivariate approach. Journal of Construction in Developing Countries, 19(1), p.35.
Kendrick, T., 2015. Identifying and managing project risk: essential tools for failure-proofing your project. AMACOM Div American Mgmt Assn.
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Koller, G.R., 2016. Risk Monetization: Converting Threats and Opportunities Into Impact on Project Value. Chapman and Hall/CRC.
Nellemann, C., Henriksen, R., Raxter, P., Ash, N. and Mrema, E., 2014. The environmental crime crisis: threats to sustainable development from illegal exploitation and trade in wildlife and forest resources. United Nations Environment Programme (UNEP).
Shils, E., 2017. The academic ethic. In Academic ethics (pp. 35-51). Routledge.
Zuofa, T. and Ochieng, E.G., 2014. Project failure: The way forward and panacea for development. International journal of business and management, 9(11), p.59.
________________________________________________________________________________
Know more about UniqueSubmission’s other writing services:
