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SECTION A [ 4 0 MARKS ] Read the scenario below and answer ALL the questions that follow. The Communication Crisis at Tech Innovations Inc.
SECTION A MARKS
Read the scenario below and answer ALL the questions that follow.
The Communication Crisis at Tech Innovations Inc.
Tech Innovations Inc., a leading tech startup, embarked on a mission to develop a groundbreaking product that had the
potential to disrupt the market. The project was entrusted to a team of brilliant engineers, designers, and marketers.
However, as excitement grew, communication within the team began to crumble, leading to a cascade of problems. Despite
the innovative ideas, there was no clear project communication plan in place. Team members were working in silos,
unaware of each other's progress or objectives. This lack of coordination resulted in a series of issues that ultimately led to
substantial financial and nonfinancial risks for the company.
The absence of effective communication and a project communication plan caused costly delays in product development.
Different team members were unknowingly duplicating work, causing wasted resources. As a result, the project's timeline
extended significantly, leading to increased development costs. Furthermore, due to the lack of clarity in project milestones
and objectives, the company struggled to secure additional funding, putting its financial stability at risk.
The breakdown in communication also had farreaching nonfinancial consequences nonfinancial risks Competitors
gained an edge by launching similar products while Tech Innovations lagged behind. Business risk increased as customer
expectations were not met, leading to declining customer trust. Tech Innovations was loomed with lawsuits as its contractual
obligations were not fulfilled, resulting in breach of agreements which also had huge penalties attached. As such it was
evident as negative press and customer complaints tarnished the company's image. Lastly, operational risk was a constant
concern, with team morale plummeting, employee turnover rising, and productivity suffering as a result of the chaotic work
environment. In this case, the failure to establish a clear project communication plan had profound implications for Tech
Innovations Inc., highlighting the importance of effective communication in mitigating financial and nonfinancial risks in
project management.
Answer ALL the questions in this section.
QUESTION Marks
In this case, the failure to establish a clear project communication plan had profound implications for Tech Innovations Inc.,
highlighting the importance of effective communication in mitigating financial and nonfinancial risks in project management.
Critically assess the FIVE nonfinancial risks that Tech Innovations is exposed to due to lack of a clear project
communication plan.
QUESTION Marks
Despite the innovative ideas, there was no clear project communication plan in place. Team members were working in silos,
unaware of each other's progress or objectives. This lack of coordination resulted in a series of issues that ultimately led to
substantial financial and nonfinancial risks for the company.
The absence of effective communication and a project communication plan caused costly delays in product development.
Examine the five elements that can be considered, by Tech Innovations Inc, in the communication
planning.
marks
Evaluate the factors that may distort communication in a Project Environment like Tech Innovations Inc. marks
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