Microsoft Word - INF70005 Sem XXXXXXXXXXGroup Paper and Presentation Swinburne University of Technology Faculty of Business and Law INF70005 – Strategic Project Management Semester 1, 2018 Assignment...

Microsoft Word - INF70005 Sem 1 2014 Group Paper and Presentation
Your Name:             Your student ID:                                (use this template for Assignment 3)
    Issue / Concept
    Specific aspect / area of focus
    Your response
    Grade & comments
    
    List clearly the two chosen plan management issues from the chosen international speakers.. Explain why you choose them.
[150 words]
    The 2 chosen plan management issues that were chosen from the videos of the international speakers are:
1. How are the Strategic front end and the Transitional Back end connected? How the Strategic front end and the Transitional Back end should be connected in order to
ing out the best value from the plan that is being constructed.
2. Is plan management simple or difficult?
Whether we are a freelancer or we are working in an organisation, plan management is a key issue that needs to be handled with care and trust. The plan that is been developed may be a small plan or a big plan, but the value that the plan offers is the one which is looked out for. The questions are chosen since they try to find out the connect between the front end when the plan hasn’t even started and then the value that the plan delivers when it is completed.
    /3
    
    For the first issue, identify at least one academic theory to deepen your insights into the issue
Briefly introduce [and reference] your chosen academic theory.
Justify your choice.
[400 words]
    Reference theory paper: Mo
is, P.W., 2009. Implementing strategy through plan management: The importance of managing the plan front-end. In Making essential choices with scant information (pp. 39-67). Palgrave Macmillan, London.
This paper opens up 2 doors in the plan organization theory and practise. One, to show concretely how business and corporate strategy execution can be effected via plan management, something seldom addressed in the theoretical works; Two, to show how plan administration, as a co
ection, can contribute to strategic management. In doing, so it should clarify the misunderstanding which has crept into insights of what agenda and plan management are. It will demonstrate the importance of effort done in the plan “front-end”. (Mo
is, P.W., 2009)It will strain why value and welfares, and other measures of efficiency may be more significant than the outdated plan organization efficiency measures of budget, agenda and scope achievement. (Mo
is, P.W., 2009)And finally, it will show the position of leadership in achieving this.
I chose this academic literature for my research work since this research article clearly specifies the research objective of how the plan management can affect the plan strategy and the implementation of the business strategy. Strategy for business and the plan management is a very critical issue since each and every plan comes with a value that is to be delivered after the plan has been completed. Each plan has a capital expenditure which allocates the resources to the plan. One change in the strategy can change the way the plan performs and can change the functionality of the plan. The second reason to choose this article was that it illustrates the work that is to be done at the front end of the plan, i.e. when the plan is not even a plan that has been undertaken. The research paper stresses on the values and the benefits that the plan offers and the effect of plan management strategies on this. The core purpose of selection was that it values the structure of plan management and also it shows the importance of leadership and leadership skills in the plan. In each and every organisation and at every plan, there is a plan lead who interacts with the clients and understands the scope, the development of the plan schedule and the team work that has to be done. The understanding of the scope of the plan has to be conveyed to the team so that the plan is led into the right path.
    /3
    
    Using your chosen theory to explain how this helps you to gain deeper insights into the first issue.
[600 words]
    Whenever a plan is being constructed either to be done by the internal team or to be outsourced to other teams, the need of the plan or the task is thought upon which would be clear and would be though upon by the plan leaders. The Strategic front end of the plan is the part where the plan isn’t even a plan until now and only the need of the plan has been recognised. The strategic front end of the plan requires the scope documentation, the need analysis, the substituent analysis if other plans or other things could replace the need, the financial analysis and the cost
enefit analysis that has to be done before the plan is thought upon to take place. Once a plan is sanctioned and it is actually in the scope of being developed a meeting is held with the leadership of the firm who decides the development plan, the scope of the plan and the cost that the plan would bear if it is performed internal to the organisation and the price if it is performed outside the organisation. If the need becomes the plan, then the analysis is done by the team about the need, the requirements and the scope of the plan. The team with the leadership decides upon the...