Unit 5 IP

Research Paper

[Name of the Writer]

[Name of the Institution

Unit 5 IP

Introduction

Project management planning is mostly thought to be an essential contributor to the success of project management. To start a new project it is required to do planning and hard work to make it successful Project management is exclusively based on the fact that the project goes through several phases which are related to a different set of tasks and activities which takes the project from conception to conclusion phase. The size of the project may be small or big but if the project is complex it is essential to define the structure of the project before the initiation of the life cycle of a project. It would be benficial for Key company to aquire skyscrapers because of the high demand for the product they are selling and the relatively high number of strengths and opportunities they have in comparison to their threats and weaknesses. At the initial stage of the project, it is required to complete hundreds of task in just the right sequence and the right time. A seasoned project manager understands that it is rarely easier to handle the project details and take the steps in the right order when the project is breakdown into many phases. Project management efforts should be divided into various phases which can help to simplify the processes into a series of manageable and logical steps.

Aquiring Skyscrapers is not an easy task the project manager of Key Inc required to preserves the neutrality and independence of Skyscrapers after its acquisition and give its customers more flexibility, choice, and freedom. It is the strong commitment of Skyscrapers to keep the open-source unchanged. To manage the environment of hybrid multi-cloud Key corporation Inc. need a technology which is more flexible and open. The project manager should make proper planning to handle the complex project plan from the initial stage to the closing stage. The plan should be divided into various easily manageable steps and goals should be set to achieve the fruitful results. The project manager of Key divided the plan into a various step which includes initiating, planning, executing, monitoring and controlling and the final step is closing.

Project Initiating

Acquisition position of Key corporation as a leading hybrid cloud provider generates a high-value business model which extend open-source invention of skyscrapers to a wider range of clients. In the first phase, the project feasibility and value are measured by the key corporation. The project manager usually uses two tools of evaluation which decide to pursue the project. The first tool is the business case document which justifies the necessity of the project. This document evaluates the potential financial benefits of the company. The second tool is a feasibility study which is the evaluation of timeline, cost and project goals. A feasibility study is used to determine the execution of the project (Kerzner, 2018).  Which determine that the project will be successful or not with the available resources. The projects which are estimated as unfeasible and unprofitable are a wastage of time and money. So it is important to do proper research on product initiation in the market.

Project Planning

If the project receives the green signal for initiation it requires to make a solid plan to monitor the team, budget and time. A project plan which is well written gives direction for acquiring procuring and financing of required material and obtaining resources. The team gets the direction from a good project plan for handling risk, producing quality outputs, effectively communicating benefits to managing suppliers and stakeholders. The Key operation manager should understand the time frame, scope, cost of the project. The planning of a project is the key for successful management of a project and managers should focus on making a road map which should be followed by everyone to achive goal. For the setting of Goals, there are two most famous methods which include S.M.A.R.T goals and C.L.E.A.R goals. Specific– The goals should be specific which should answer the questions; What, Who, When, Where, Why and Which. Measurable – The success of the goal should be measured through specific criteria. Attainable–The most important goal should be identified and find out what effort should be made to achieve them. Realistic– A person should be able or willing to work towards a specific goal. Timely– Goal should be achieved at a reasonable time. The goal should also be CLEAR (collaborative, limited, Emotional, Appreciable and Refineable) ( Kerzner, 2017). By keeping in mind those aspects the Key corporation manager make strategic planning to introduce Skyscrapers product into the market.

The manager should focus on the quality of product, cost, realistic time table and available resources while planning a business expansion. The manager should concentrate on the risk associated with product initiation in the market. The risk should be managed efficiently to make the product successful in the market. The manager should make strategies to mitigate the risk associated with a small business acquisition. For an effective cost, timeframe and cost the teams should be made to achieve the targeted goals (Burke, 2013).

Project Execution

To satisfy the needs of the customer it is important to make a successful product execution of the project. The allocation of resources is seeking by team leaders and team members are kept focused on their assigned tasks. Execution is heavily depended upon the planning phase. The team efforts and work in the execution phase is the result of a project plan (Kusters, 2016). Key software corporation is initiating to launch their new project. The meetings are used to be started by project managers to introduce milestones and key tasks and to discuss the project in detail. The main activity linked with the execution of the project is resource management, reporting, team meetings, and tracking work. The Key software project manager should try to use optimal resources and make the plan of mitigating skyscrapers successful. The reporting should be correct and the responsibility of reporting should be given to those employees who are honest and loyal to the company. The person should be accountable for any reporting which have proved wrong. The meetings should be conducted on a routine basis like weekly, Quarterly, semiannually, etc. There is a need for tracking the work done by the workforce and try to resolve problems associated with work as soon as possible. The project manager should access the development in the project and adjust the plan of the project if needed.

Project monitoring and Control:

Sometimes project monitoring and control is combined with project execution because they may occur mostly at the same time. The constant control and monitoring are important during the execution of the project. The Key software should try to monitor and control the launch of the new project with their name. It is necessary because the quality of the product may be affected due to less attention toward project execution. The per-unit cost of the product should be less with having a high quality of the product. The constant vigilance will contribute to the great success of the project in the market (Marier, Pellerin & Cassivi, 2017). The Key company should use consistent, simple and integrated ways to manage their on and off-premises, entire infrastructure across different public and private clouds. Businesses are looking for a common environment and create a faster and agile working environment. Eliminate the communication gap between the HR director and employees for easy reporting about any problem regarding the product execution or quality control. Any organization must make strict policies about EEOC and follow the rules. Formal complaint process should be implemented where the employees can report the incidents of retaliation. The organization should train all location supervisors, managers, and employees about antiretaliation procedures and policies. Update and review the training, procedures, and policies regularly to implement the new changes, rules, and regulations in an organization.

Project Closure

Key software Inc. has committed to accelerating and scaling hybrid cloud and open source for business among industries and preserving the neutrality and independence of skyscrapers open-source legacy. The mission of skyscrapers is to keep the open-source commitment unchanged, and it will maintain the flexibility of hybrid and open source IT environment. Skyscrapers will continue to expand and build its partnership, along with essential cloud providers such as Microsoft Azure, Amazon Web services, Alibaba and Google Cloud. When the finished project is delivered to the customer according to the needs and requirements of the customers then team close te project. The important step of the team is to document and evaluate the project and move on to the next project. All the team members at the end of the project got dispersed. The successful teams learn from the previous project and make the next project better.

Skyscrapers and Key have deep open-source experience and values. If they worked together for more than 20 years, they will make default choice for new IT solutions by helping open source project, open governance, and continued contribution. Key software corporation has acquired one of the most essential software company in the industry of IT. Skyscrapers invents business model which assist to bring open-source includes technologies like Kubernetes, Linex, Java, Ansible, Ceph, and others into the enterprise mainstream. For development, Linux is the best-used platform. In 2019, Skyscrapers organization Linux is predicted to contribute more then$10 trillion revenues of global business and it is predicted that 640,000 people are expected to have Job related to Skyscrapers.

References

Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA, 26.

Kusters, J. F. (2016). The value and necessity of the project management plan: the pre-award phase of BVP projects from the vendor’s perspective.

Kerzner, H. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Kerzner, H. (2018). Project management best practices: Achieving global excellence. John Wiley & Sons.

Marier-Bienvenue, T., Pellerin, R., & Cassivi, L. (2017). Project planning and control in social and solidarity economy organizations: a literature review. Procedia computer science, 121, 692-698.