Determine appropriate risk mitigation strategies for managing projects by assessing and quantifying risks and impediments

MBA 690 Final Project Guidelines and Rubric

Overview

The final project for this course is the creation of a project management plan.

Managing technology in support of business operations is key to profitable operations management (OM). Profit maximization can result from a business manager’s ability to cut production costs or generate new revenue after applying a new technology or developing new products or services. To ensure the profitability of a business opportunity, a manager must be able to envision the entire life cycle of a business product, service, or idea. Only then can the manager create a plan to guide the business product, service, or idea from inception to retirement in a sustainable and profitable manner.

For this assessment, you will develop a project management plan focused on profitable and sustainable operations; the basis for this project management plan will be the company and business product, service, or other idea from the business plan you created in the Marketing and Strategy course. In your project management plan, you will manage the scope-time-cost parameters of the project by assessing relevant obstacles and risks. You will determine appropriate risk mitigation strategies for your project, while also considering future innovations and profits.

The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Three, Five, and Seven. The final project management plan will be submitted in Module Nine.

In this assignment, you will demonstrate your mastery of the following course outcomes:

Assess the evolution of operations management philosophies and structures for their impact on modern business operations
Assess key trends in production, quality, resource, and information management for their impact on current business operations
Develop a project management plan using elements of both traditional and iterative methods to meet scope, time, and cost objectives of projects in operations management
Determine appropriate risk mitigation strategies for managing projects by assessing and quantifying risks and impediments
Determine key measures of performance that reflect profitability and sustainability for managing product or service life cycles


 

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