Management 8400 Assignment 2 Fall 2020 Company Profile ✓ Solved

Mgmt8400assignment 2fall 2020company Profilethe Company Is The Film Di

The assignment requires developing a comprehensive process for evaluating and selecting film proposals within a film division of a large entertainment conglomerate, followed by creating a scoring model for proposal assessment. The goal is to ensure that the selection process aligns with the company's strategic objectives, mission, must and want objectives, and adheres to best practices in project selection—utilizing both qualitative and quantitative techniques. The process must clearly identify inputs, tools and techniques, and outputs, with a minimum of 750 words. The scoring model should facilitate consistent and objective evaluation of each film proposal, enabling the team to prioritize projects effectively in support of the company’s overall strategy and environmental commitments, and should incorporate criteria aligned with the must and want objectives. Both parts should follow APA formatting standards, including proper citation of sources.

Sample Paper For Above instruction

Introduction

The process of evaluating and selecting film proposals is critical to ensure that the company's resources are efficiently allocated to projects that align with its strategic goals and mission. Effective project selection procedures safeguard that only the most promising projects, which meet the must and want objectives, are pursued. This paper elaborates a systematic process for film proposal evaluation, incorporating best practices, followed by a robust scoring model to facilitate objective decision-making.

Part 1: Developing a Process for Evaluation and Selection of Film Proposals

The process begins when a film proposal is received by the evaluation team. The proposed workflow involves several key steps: initial screening, detailed assessment, scoring, and final decision-making. Each step is designed to ensure thorough evaluation aligned with strategic priorities, legal and safety standards, environmental considerations, and market potential.

Inputs in the Process

• Proposal Documentation: Includes screenplay, budget estimate, marketing plan, and preliminary financial projections.
• Company Objectives: Must objectives (legal, safety, environmental, rating, operational impact) and want objectives (awards, merchandise, environmental awareness, profitability, innovation, theme park development).
• Market Data and Industry Trends: Consumer preferences, competitive landscape, box office statistics, and environmental considerations.
• Historical Data: Past project performance, success rates, and financial returns.
• Expert Opinions: Input from creative, marketing, legal, and environmental specialists.

Tools and Techniques

• Pre-Assessment Checklist: Ensures initial proposal compliance with must objectives.
• SWOT Analysis: Evaluates strengths, weaknesses, opportunities, and threats specific to each proposal.
• Financial Analysis: Discounted cash flow, ROI calculations, and profitability forecasts.
• Risk Assessment: Identifies potential legal, safety, environmental, and operational risks.
• Benefit-Cost Analysis: Compares potential benefits against projected costs.
• Alignment Review: Checks alignment with strategic priorities and company mission.

Outputs

• Proposal Evaluation Report: Summarizes findings, SWOT analysis, risk assessment, and financial viability.
• Scoring Results: Quantitative scores based on criteria weights.
• Recommendation: Pass or reject decision, including rationale.
• Feedback for Proposal Refinement: Identifies areas for improvement for rejected proposals.

Process Flow Summary

The process starts with proposal receipt, followed by initial screening against must objectives. Qualified proposals then undergo detailed assessment utilizing SWOT, financial, and risk analyses. A scoring system quantifies the overall potential, facilitating comparative evaluation. Final recommendations are made based on the scoring results and strategic fit.

Justification of the Process

This structured approach combines qualitative and quantitative analyses, minimizing biases and ensuring consistency. It aligns with best practices in project selection, such as transparent criteria, stakeholder involvement, and risk mitigation. By incorporating environmental and operational considerations, it supports the company's leadership in environmental advocacy and strategic expansion.

Part 2: Developing a Scoring Model for Proposal Evaluation

The scoring model assigns weights to criteria derived from the company's must and want objectives, enabling a balanced and strategic assessment of proposals. Each proposal is evaluated on multiple criteria, scored on a standardized scale (e.g., 1-10), and weighted to reflect their importance.

Criteria and Weighting

Assessment of each proposal involves scoring each criterion from 1 (poor) to 10 (excellent). The weighted score for each criterion is computed by multiplying the score by the respective weight. The total score determines the project’s priority, with higher scores indicating more favorable proposals.

Implementation of the Scoring Model

1. Evaluate proposals independently using standardized scoring sheets.
2. Calculate total weighted scores for each proposal.
3. Rank proposals according to the total scores.
4. Cross-validate scores with strategic and operational considerations.
5. Document and communicate decisions transparently to stakeholders.

Benefits of the Scoring Model

• Objectivity in project evaluation
• Alignment with strategic and environmental objectives
• Facilitates comparison between proposals
• Supports data-driven decision-making
• Enables consistent application of evaluation criteria

Conclusion

The outlined evaluation process and scoring model combine qualitative assessments with quantitative metrics to ensure balanced, strategic, and transparent selection of film projects. Implementing these tools will enhance the company's ability to produce high-quality films that support organizational objectives, promote environmental consciousness, and maximize shareholder value. Regular review and refinement of the process will help adapt to evolving industry trends and strategic priorities, securing long-term success.

References

1. Cleland, D. I., & King, W. R. (2021). Project management: Strategic design and implementation. McGraw-Hill Education.
2. Meredith, J. R., & Mantel, S. J. (2017). Project management: A managerial approach. Wiley.
3. PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) — Sixth Edition. Project Management Institute.
4. Kerzner, H. (2019). Project management: A systems approach to planning, scheduling, and controlling. Wiley.
5. Thamhain, H. J. (2013). Managing technology projects: Global lessons learned. CRC Press.
6. 킨더, J. (2018). Strategic project management: Creating competitive advantage. Elsevier.
7. Becker, K., & Jaxtheimer, G. (2016). Effective project selection tools and techniques. International Journal of Project Management, 34(5), 889–900.
8. Oberlind, G. (2020). Incorporating environmental considerations into project management evaluation. Environmental Management Journal, 45(3), 245–258.
9. Haque, M., & Azad, M. A. K. (2019). Quantitative models for project evaluation. Operations Research Perspectives, 6, 100149.
10. Atkinson, R. (2015). Managing successfully global projects. Routledge.

At the end, ensure every in-text citation aligns with corresponding references for academic integrity and credibility.