Question

In: Operations Management

1. Project Concept and Strategy a. Was the Woody 2000 project well conceived? Give reasons for...

1. Project Concept and Strategy

a. Was the Woody 2000 project well conceived? Give reasons for your opinion.

b. What were Woody's real objectives that could and should have been articulated?

c. What strategies were there for achieving these objectives? What would you recommend?

d. Did they consider other solutions? Give Examples.

e. How would you gauge the project's success? Could success be measured? If so, when?

Please provide as much detail as possible

Solutions

Expert Solution

1A.)Was the Woody 2000 project well-conceived? Give reasons for your opinion.

The Woody project was not well conceived. The expansion project was based on a mini-boom in the industrial expansion and the possibility of an expansion at the nearby airport. There was no evaluation or analysis of whether or not the boom in expansion would continue for any extended period of time, and no review of whether or not the possible airport expansion would ever take place. The initial thought was that Woody’s could expand and upgrade to increase output of their product and improve their current manufacturing facility. They would have been better served to have done some type of research to see if the expansion was even necessary or if the improvements could have been made to the current facility and achieve the same outcome.

B.) What were Woody’s real objectives that could and should have been articulated?

The real objectives were to increase production efficiency and be able to meet the current increase in demand. The choice was to move to a larger more modern facility or to upgrade the current facility. They were looking to increase efficiencies they should have begun by making improvements to the current processes and possible equipment upgrades, without moving or expanding until they found out if the expansion was going to be necessary.

C.) What strategies were there for achieving these objectives? What would you recommend?

There were no real strategies for achieving the objectives. They did not get an arbitrary timeline or budget put together before just running with the project. They did not get any bids on price or consider any problems that they may run into during the life of the project. We recommend that they start over with and create a timeline in which the project needs to be completed and get bids from several different companies on prices so they can pick the best person for completing the project within the time frame and on budget.

D.) Did they consider other solutions? Give Examples.

The only other solution that they thought of was expanding the current facility rather than moving the entire company to a new location. With no planning and very little information to go on they just decided to stay in the current location and expand.

E.) How would you gauge the project success? Could success be measured? If so, when?

If the objectives of the project were met then yes you can measure success. Success is measured by the improvements on performance of the business function compared to its previous activities.   


Related Solutions

The Discussion subject: A product strategy is a well-conceived plan whereby a sales representative becomes a...
The Discussion subject: A product strategy is a well-conceived plan whereby a sales representative becomes a product expert, understanding it's features, selling the product's benefits and creating value-added solutions. A good salesperson must be able to distinguish between product features (what the product is/what it can do), and product benefits (how it helps the customer). 1) Think of a product that you have bought or considered buying, and that involved dealing with a salesperson. Describe the product, its "features", and...
1. Give five (5) reasons why a developer would embark on an Infrastructure development project. [10]...
1. Give five (5) reasons why a developer would embark on an Infrastructure development project. [10] 2. State and briefly explain the different stages of a complete Infrastructure development life cycle. [20] 3. What are the Quantity Surveying roles and responsibilities at each stage in 2 above? [10] 4. What would be the roles and responsibilities of the Civil/Structural Engineer if appointed as Engineer and Project Manager for a road development project?
Explain the concept of Global Sustainability. Give three (3) reasons why it has emerged as one...
Explain the concept of Global Sustainability. Give three (3) reasons why it has emerged as one of the major business issues facing multinational corporations today. If you were the CEO of Coca Cola, discuss two (2) actions you would take to address the sustainability issues facing your company?
Explain the concept of third-degree price discrimination. Why do firms use this strategy? Give examples.
Explain the concept of third-degree price discrimination. Why do firms use this strategy? Give examples.
1.Explain the concept of rationality in respect to financial markets. 2.Explain how, according to Shleifer (2000),...
1.Explain the concept of rationality in respect to financial markets. 2.Explain how, according to Shleifer (2000), supporters of EMH reconcile irrationality with efficient markets in the case of: i)Uncorrelated trading strategies ii)Correlated trading strategies 3.According to neoclassical theories, prices are always set according to asset risk (The CAPM). What are the behavioural implications of this assertion?
Give two example of:(and justify them ) 1-focus cost leadership strategy 2-focus differentiation strategy
Give two example of:(and justify them ) 1-focus cost leadership strategy 2-focus differentiation strategy
1.Give two reasons why a banking crisis is likely to result in a recession in the...
1.Give two reasons why a banking crisis is likely to result in a recession in the “real economy”. 2.(a)Suppose you have $400,000 in a deposit account at a Canadian bank that has just been declared insolvent. Would you prefer that the Canadian Deposit Insurance Corporation (CDIC) resolve the solvency under the “winding up method” or the “purchase and assumption” method? Explain your choice. (b) Suppose instead you are a shareholder in the now insolvent bank. Answer the question from part...
STRATEGY EXECUTION——“Strategic Risk Management” 1. Assume you are presenting (as a consultant) the concept of Strategic...
STRATEGY EXECUTION——“Strategic Risk Management” 1. Assume you are presenting (as a consultant) the concept of Strategic Risk Management to the executive team at a company that is considering implementing it for strategy execution. The pre-reads for the session included Strategic Risk Assessment Frameworks: A Guidebook for Management Teams Mark L. Frigo and Ricard J. Anderson 2017 and Creating and Protecting Value: Understanding and Implementing ERM Anderson and Frigo (COSO 2020), The CEO asks the following question: What are the primary...
1. Give an example of a capital budgeting project that would be considered “independent”. Give an...
1. Give an example of a capital budgeting project that would be considered “independent”. Give an example of a capital budgeting project that would be considered “mutually exclusive”.
Give examples of 1) elasticity, including an explanation of why or how they demonstrate the concept...
Give examples of 1) elasticity, including an explanation of why or how they demonstrate the concept of elasticity; and 2) examples of externalities, again including an explanation of why or how they demonstrate the concept of externalities. -(Take into consideration) Assume we have read the definition of externalities ourselves in the textbook and just post your examples with a statement about why your examples are positive or negative externalities. Elasticity is a little different. I still don't want you to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT