ASSIGNMENT

Assignment



Assignment

Introduction

In this project we will discuss about ABC Company and to determine the factors as to how can an innovative project benefit the company. The ABC Company is the world's biggest constructor of semiconductors, microprocessors; mesh interface cards, graphic chips, motherboard chip sets and many other computer associated devices. Project management can be defined as a planned effort, to accomplish a specific project. It includes planning, organizing and managing resources which leads to success in achieving the project. Project management includes the planning a project, identifying tasks and goals which are to be achieved. A well-executed project leads to the success of the business. Project management is associated with 5 types of processes which include initiation, planning, executing, controlling and closing. A successful project can be evaluated based on these steps. Professionally, project management should be carried based on different projects and the goals, which are set up in order to achieve those projects.

Company Background

ABC Company started off as a very small business focused on solely constructing semiconductors. In the past forty years, since ABC Company was founded it has developed a large amount and has become one of the biggest enterprises in the world. ABC Company was beginning to glimpse that more and more of its incomes were approaching from nations other than the United States. From 1997 to 2002, the boost in the allowance spent on secondary components was 25%. ABC focuses on business units, which comprise of, the areas such as IT services, facilities services, marketing services, expert services, travel and other digressive components required, this accounted for 35% of ABC company's total expenditure is generated from projects. Since, last 5 years it was 15%. The Board of Executives of ABC Company is satisfied that the proportion of growth can easily increases 40-60% in the next 10 years. The Board has decided to make a proper planning regarding the execution of projects. The project management resources and management of the company should be clearly revised. The maturity models play an important role in implementing the projects in any organization. Furthermore, the company is planning to use OGC and P3M3 for success of the company projects.

The long-term strategy of ABC Company is based on the financial life of investments in assets, in resources. Over the years, the lifetime of the ABC company processors became shorter. In the early days of ABC Company, the lifetime of its goods was about four years. The lifetime became shorter and is at the end of 1997 roughly six months. In the lifetime of merchandise, a business has to make cash flow projections throughout this period. By reducing the lifetime of a new product, the cash to cash cycle becomes shorter. This means that ABC Company has to re-earn its investments faster. By inserting a new product, ABC Company is now facing a higher risk. Also because of all the competitors in the market who are relentlessly advancing their goods.

ABC Company continuously focuses on developing innovate project for its goods ...