Identify The Role Projects Play In Meeting Goals Of A 082416

Identify the role projects play in meeting the goals of an organization

Identify the role projects play in meeting the goals of an organization. Scenario: You have just been hired as a Project Manager for Kingston-Bryce Limited and have been assigned your first project. Kingston-Bryce Limited (KBL) is a custom furniture manufacturer that specializes in hand-crafted dining room tables. The Board of Directors has identified an opportunity to purchase a competitor that also specializes in custom furniture. The acquisition of the competitor will enable KBL to expand operations and triple their workforce and will take 18 months to complete.

In order for this acquisition to be successful, you will need to use your project management skills to ensure success. Your first task is to create a project plan for the Board of Directors in Microsoft Word or Excel. The project outline is essential for documenting all of the necessary tasks and milestones needed to complete the project. The project is expected to take 18 months to complete, and the major milestones are broken up by quarters. You will need to be creative and develop the following items as if you were running the project:

  • Tasks and milestones
  • A project description
  • Key stakeholders
  • Timeline for the project

Ensure the documents display proper grammar, spelling, punctuation, and sentence structure.

Paper For Above instruction

The acquisition of a competitor represents a significant strategic project for Kingston-Bryce Limited (KBL), designed to fulfill the company's objective of expanding its market share and operational capacity. Effective project management is essential to ensure the acquisition's timely and successful completion, aligning with organizational goals of growth, diversification, and increased profitability.

This project involves several key phases: initiation, planning, execution, monitoring, and closure, each with specific tasks and milestones structured to support a seamless integration of the acquired company. The project duration is estimated at 18 months, with distinct milestones set quarterly to evaluate progress, address challenges, and realign goals if necessary.

At the outset, the project description outlines the scope: acquiring a competitor specializing in custom furniture, particularly focusing on its strategic value—such as expanded market reach and increased workforce capacity. The project stakeholders include the board of directors, the project management team, legal and financial advisors, land and facility managers, HR representatives, and the full workforce of the expanded organization. Effective communication with stakeholders ensures transparency, manages expectations, and garners support throughout the process.

The project plan comprises detailed tasks such as conducting due diligence, valuing assets, negotiating terms, securing financing, planning integration activities, and communication strategies. Each task is linked to specific milestones—such as finalizing negotiations, securing regulatory approvals, completing asset transfers, and workforce onboarding—distributed across the 18-month timeline divided into quarterly segments.

Creating a comprehensive timeline involves mapping activities and milestones onto the 18 months, with tasks cascading logically, ensuring dependencies are acknowledged. For instance, legal review and due diligence precede negotiations, which in turn inform financial arrangements and regulatory compliance. Regular progress assessments—via status meetings and reports—are crucial to maintaining momentum and addressing delays proactively.

By meticulously planning each phase, engaging key stakeholders, and maintaining flexible adaptability, the project facilitates the achievement of organizational goals—namely, growth through strategic acquisition and operational expansion. This systematic approach underscores the importance of project management in translating strategic intent into tangible results, reinforcing how projects serve as vital vehicles for organizational goal attainment.

References

  • PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th ed.). Project Management Institute.
  • Meredith, J. R., & Mantel, S. J. (2014). Project Management: A Managerial Approach. John Wiley & Sons.
  • Larson, E. W., & Chang, A. (2014). Organizational Project Management. CRC Press.
  • Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Wiley.
  • Lock, D. (2013). Project Management. Gower Publishing, Ltd.
  • Heldman, K. (2015). PMP: Project Management Professional Exam Study Guide. Sybex.
  • Schwalbe, K. (2015). Information Technology Project Management. Cengage Learning.
  • Remington, K., & Pollack, J. (2018). Tools for Complex Projects. Gower Publishing.
  • Gray, C. F., & Larson, E. W. (2017). Project Management: The Managerial Process. McGraw-Hill Education.
  • Zwikael, O., & Smyrk, J. (2019). Planning and Strategic Decision-Making in Project Management. Routledge.

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