Team building is an important aspect of managing a project team. When do you think is the right time to begin the team-building process? According to you, what is the best approach for building a project team and why?
Justify your answers with examples and reasoning.
Question 2
Ignoring Project Risk
Situation: A new executive education course was proposed and approved by the once-dynamic-now-visibly-ailing Vice President (VP) for human resources. Consultants gathered requirements across all company units. A matrix clearly delineated gaps in the executives’ understanding and application of the subject area. The course idea was widely applauded as a necessary step for executive development in the fast-paced enterprise. A course outline had been completed and approved when the sick VP for human resources had suddenly retired. After a few weeks, a new VP for human resources was hired. The new VP was unconvinced that the course was necessary. Her charge was to cut costs and streamline the human resources department to fit the new image of the company.
Result: The course was watered down from a week of dynamic, intensive training to a few insignificant handouts and, after a budget cut, was deleted before implementation.
Discuss:
•Was this situation foreseeable? What do you think could have been done to enhance the risk readiness for this project?
•What are some of the techniques that the team could have used in this situation to identify both internal and external risks to project success? Are there any techniques for evaluating the likelihood of each risk and its impact on the project if it occurs?
•Which elements should be part of a written plan to deal with high potential risks and elements that might have major consequences for a project?
Justify your answers with examples and reasoning.
ScholarMatic: Explanation & Answer
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