Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The parameters are stated below, No outsourcing, prototypes, no changes to project scope. The project must be completed within 18 weeks or sooner and below

The parameters are stated below, No outsourcing, prototypes, no changes to project scope. The project must be completed within 18 weeks or sooner and below $42,500. The SIM doesn't appear to allow employing a mix of skill levels.

What additional information is required to answer the question?

image text in transcribed

Parameter instructions for simulation:

Simulation Scenario: Senior management expects you to design and release a new wireless printer for the upcoming holiday season. Market intelligence gathered on your competitors product is considered reliable, so the target specifications for your new printer, required to retain parity with their new printer, are clearly defined, well understood, and expected to remain stable throughout the project. Management has indicated that scope, schedule and cost are of equal importance in a successful launch, and they have committed to providing stable access to resources during the project.

Project Scope: Wireless Printer (Note: Do not change project scope in the simulation portal)

Project Schedule: Game A Target Completion: Week 18 Project Tasks: Product design efforts are measured in "Tasks", each of which typically takes about a person-day to accomplish. For the purposes of this project, you may treat them as independent tasks that can be assigned and completed by your team. Wireless printer (Game A) requires 170 tasks to complete the project. Project Budget: Game A Target Cost: $42,500 Project Team: To staff your project, you must choose a number of project team members and an average staff skill level. You can include team members with four skill levels: Basic, medium, medium-high and high skill.

Not all tasks are completed successfully. Problems with coordination, lack of knowledge, or ordinary carelessness can lead to mistakes on tasks which must be reworked. These error rates depend on the skill level. Adding coaching time during team meetings (see next section) can help improve productivity and reducing rework requirements.

Skill level

Cost (weekly)

Task Speed (weekly)

Rework Rate (weekly)

Basic

$800

2 to 3 tasks

2 tasks

Medium

$1000

3 to 4 tasks

3 tasks

Medium-high

$1200

4 to 5 tasks

4 tasks

High

$1500

5 to 6 tasks

5 tasks

More project team members can do more work, but of course each additional team member also adds to project costs. Teams with higher average skill levels are more productive, but they also cost more.

Note that adding resources during a project requires some startup communication and coordination work, this may temporarily hinder the team's productivity. Also, changing skill level during a project incurs temporary productivity penalties, due to the changeover in personnel.

Scope: No change in project scope is allowed. Make sure that you set your outsourcing decision accordingly in the simulation setup.

Outsourcing: No outsourcing is allowed. Make sure that you set your simulation accordingly in the setup. Prototyping: No prototyping is allowed. Make sure that you set your simulation accordingly in the setup. Overtime: You may choose to allow overtime. Team members will work in excess of 40 hours/week as required to complete the project. This is not guaranteed, however. If your team suffers from poor morale, absenteeism, or tardiness, for example, the number of hours worked will decline. Alternatively, if you "encourage" your team to work overtime, they will work more hours per week than they would have otherwise. Finally, you may also prohibit overtime. Team Morale: Game A Target Morale Rating: 85% As you assemble your staff, you may want to schedule meetings to help coordinate activities among members or train new staff in the details of the project. Meetings can have a positive effect on team productivity and skill level, but too many meetings will reduce available task time and create stress.

You may choose among several types of meetings:

One-on-One Coaching (Duration 2 hrs): You work directly with an individual on your team, helping to develop specific job skills. Such skill-building will increase productivity and decrease problems over the long term.

Daily Stand-in meetings (Duration 15 min): A 15 minute meeting to start every day in which team members discuss their plans for the day along with successes and/or problems from the previous day. Aids in preventing mistakes and subsequent rework due to lack of coordination.

Status meetings (Duration 2 hrs): Full team meeting discussing current status of the project, ensuring everyone is informed. Helps both with team coordination and with personal skill-development. SCORING: Your performance will be graded on these areas:

  1. Project Scope: Did you complete the project that met or exceeded senior management's expectations?
  2. Project Schedule: Did you deliver on time to meet senior management's schedule requirements?
  3. Project Resources: Did you complete the project within senior management's budget objective?
  4. Project Team Morale: You will receive points for maintaining a consistently high level of morale and a low level of stress throughout the project.

You have to meet at a minimum two out of four project goals mentioned above.

HARVARD BUSINESS PROJECT MANAGEMENT SIMULATION: SCOPE, RESOURCES, AND SCHEDULE PUBLISHING PREPARE: ANALYZE: Dashboard Resources Project Overview Team Process Management Targets Decisions History Final Rating DECISIONS FOR WEEK 21 YOUR TARGETS MGMT TARGETS Congratulations! PRODUCT 659/1,000 YOUR SCORE: WIRELESS LEVEL 2 WIRELESS LEVEL 2 You Have Completed Game A. WEEK WEEK Play Same Scenario Again PROJECT COMPLETION 17 $3,000 18 $0 Project Scope Rating Project Schedule Rating COST PER WEEK PER WEEK MEETING GOAL: 200/200 MEETING GOAL: 195 / 200 0/100 TEAM SIZE: EXCEEDING GOAL: 3 mii 0 / 100 EXCEEDING GOAL: SCOPE SCHED COST RESOURCES PROCESS REVIEW SKILL LEVEL: MEDIUM You completed the Wireless product, meeting the target set by management You completed the product in week 20, which was past the management target of week 18. Your target date for completion was very consistent throughout the project. OUTSOURCING: NONE 2 0 Project Resources Rating Team Process Rating 5 ALLOWED MEETING GOAL: 183/200 81 / 100 PROTOTYPES: NONE DURING THE PROJECT EXCEEDING GOAL: 0/100 Your team had a level of stress. Your team had good morale during the project. You finished with a total cost of $48,200, which was above the management target of $42,500. HARVARD BUSINESS PROJECT MANAGEMENT SIMULATION: SCOPE, RESOURCES, AND SCHEDULE PUBLISHING PREPARE: ANALYZE: Dashboard Resources Project Overview Team Process Management Targets Decisions History Final Rating DECISIONS FOR WEEK 21 YOUR TARGETS MGMT TARGETS Congratulations! PRODUCT 659/1,000 YOUR SCORE: WIRELESS LEVEL 2 WIRELESS LEVEL 2 You Have Completed Game A. WEEK WEEK Play Same Scenario Again PROJECT COMPLETION 17 $3,000 18 $0 Project Scope Rating Project Schedule Rating COST PER WEEK PER WEEK MEETING GOAL: 200/200 MEETING GOAL: 195 / 200 0/100 TEAM SIZE: EXCEEDING GOAL: 3 mii 0 / 100 EXCEEDING GOAL: SCOPE SCHED COST RESOURCES PROCESS REVIEW SKILL LEVEL: MEDIUM You completed the Wireless product, meeting the target set by management You completed the product in week 20, which was past the management target of week 18. Your target date for completion was very consistent throughout the project. OUTSOURCING: NONE 2 0 Project Resources Rating Team Process Rating 5 ALLOWED MEETING GOAL: 183/200 81 / 100 PROTOTYPES: NONE DURING THE PROJECT EXCEEDING GOAL: 0/100 Your team had a level of stress. Your team had good morale during the project. You finished with a total cost of $48,200, which was above the management target of $42,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Optimization Methods In Finance

Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü

2nd Edition

1107056748, 9781107056749

More Books

Students also viewed these Accounting questions