Question

Case (ABC Company): ABC is an IT company specialized in developing web-based and mobile applications. Each application is custom designed according to customer requirements. Project managers are assigned to each project only after the sales department has a signed contract. The project managers can come from anywhere within the company. The assigned project managers can be responsible for as many as seven projects at one time. In the past, there has not been enough emphasis on project management. At one time, ABC even assigned trainees to perform project coordination. All failed. At one point, sales dropped to an all-time low, and there were some losses. It was decided then by the board of directors to appoint a new senior management team that would drive the organization to excellence in project management. Project managers were added through recruitment efforts and a close examination of existing personnel. Emphasis was on individuals with good people and communication skills. The following steps were implemented to improve the quality and effectiveness of the project management system: • Outside formal training for current and future project managers • Modification of the current methodology to put the project manager at the focal point • Involvement of project managers to a greater extent with the customer

Answer 1

5)  Value of ABC ltd

Tangible

a) Employees

b) Plant and Equipment

c) Machinery

d) Cash and Bank

Intangible

a) Employee knowledge and skill

b) know how

c) Goodwill

d) The Product patent and copyright( Mobile application)

6) * The most important thing a project manager should possess is communication skill.

* He should establish the goals and objectives of the company and find the right team to achieve it .

* He should motivate the team to achieve the target at given time.

* They should have clear knowledge about the market and consumer preferences so that he can plan the project and promotions accordingly.

7)

* A Project manager should take the responsibility, so that his team can work peacefully.

* A project manager should be flexible, and should the ability of each and everyone in a team.

* He should engage everyone in the team to actively participate so that the morale of everyone will be increased.

* A project manager should be dependable, in case of an malfunction situation in a project.

* He should be patient, humble and show some empathy to team mates.

8)

As John D Rockefeeler said "I will pay more for the ability to deal with people than for any other ability under the sun"

A project manager should posses good intrapersonal skills to deal with both internal and external personal.

A lack of communication skill can ruin the entire project.

The communication with your manager can help you to realize, how company is watching the project and other top management decisions regarding the ongoing project.

The communication with the team members can help you to guide them in right way and make the process fast by encouraging them

The communication with the client can improve the goodwill of the company because the client will be happy because the company is communicating each and every progress of the project with him, and also if there is any modification in the product client can communicate it with the project manager.