College of Administrative and Financial Sciences

Assignment 1

Project Management (MGT323)

Deadline: 04/03/2021 @ 23:59

Course Name: Project Management Student’s Name:

Course Code: MGT323 Student’s ID Number:

Semester: II CRN:

Academic Year:2020-21, II Term

For Instructor’s Use only

Instructor’s Name:

Students’ Grade: Level of Marks: High/Middle/Low

Marks Obtained/Out of 5
Answers:
Q1.

Hector Gaming Company's problem is a lack of proper strategic planning. The

latter is essential for a company in providing direction and guidelines in accomplishing

organizational goals. It is critical for assessing progress and making changes as it moves

forward. A good strategic plan includes ways of achieving the company's mission; HGC

lacks this that's why its top executives are unaware of how they would achieve its goals.

A flawed strategic plan has caused confusion on which projects to prioritize, thus makes

each project manager believe his or her task is more important, causing other competitors

to take advantage. A good plan ensures employees collaborate well in bringing

improvement and innovation to the company. Peters lacks to communicate HGC's

mission and strategies of accomplishing its vision, hence unable to make appropriate

adjustments and decisions (Larson & Gray, 2020). She fails to make changes to the

organization's strategic plan process, which eventually causes more harm. Peter also fails

to demonstrate how each project contributes to its mission to ensure continued support

from each project manager to solve HGC's resource conflict.

Q2.

They are various symptoms of HGC's problem, including making just 25% RoI

after a massive capital influx. This shows no proper plans; the capital was not well

utilized and managed as it is below the 80% it previously made in the past two years. The

continued use of the inappropriate strategic plan that does not describe how HGC would

achieve goals brings in conflicts. An effective strategic plan allows adjustments on any

activity or process identified not working towards goals accomplishment. Lack of

collaboration and prioritizing projects that benefit the company is a result of poor

planning. Resource conflicts depicting no project prioritization as a result of a flawed

strategic plan. Improper strategic planning results in projects failing to meet deadlines

and exceeds budget (Larson & Gray, 2020). Top HGC personnel engaging in the

international business game is out of the organization's vision. HGC lacks a good

strategic plan that directs and outlines its goals and approaches to accomplishing them,

resulting in everyone taking any direction that suits them. Hiring new members is the

parameter that shows a company is growing, HCG hiring when there is no effective

strategic plan will add more problems.

Q3.

The primary cause is a lack of strategic management. Sally Peters being the

founder of HGC, understood well what she wanted to achieve and how. Sally and her top

executive fail to assess where the company is together to meet and discuss how they

intend to attain intermediate and long-term goals. HGC executive meetings would have

made Sally share HGC's mission to encourage everyone to work towards it. Resource

conflict would not have resulted if HCG had a strategy on how each project uses

resources available. Strategic management involves responding to the internal and

external environment (Larson & Gray, 2020). HCG failed to respond to internal factors:

using the same strategic plan developed by McKinley that could not guide on how to

reach HGC's mission. Strategic management links missions, goals, strategy, and

implementation, directing an organization to its future success.

 References

Larson, E., & Gray, C. (2020). Project management: The managerial process (8th ed.).

McGraw-Hill Companies.