Business / Planning, Management, And Control System For Capital Engineering Projects
Planning, Management, And Control System For Capital Engineering ProjectsThis essay Planning, Management, And Control System For Capital Engineering Projects is available for you on Essays24.com! Search Term Papers, College Essay Examples and Free Essays on Essays24.com - full papers database.
Autor: anton 31 July 2010
Words: 471 | Pages: 2
Summary of the project
Heublein, Inc., develops manufactures, and markets consumer food and beverages products domestically and internationally. The capital project process of Heublein was chiefly concern with the financial justification of the project including a focus on cost benefit analysis and minimal emphasis on execution of the projects, since there were no mechanism to assure that non-financial results were achieved. As a result of these weaknesses, some major projects went over budget and optimal utilization of capital funds intensified. Responding to these factors, Heublein decided to develop and implement a Project planning, management, and control system for capital engineering Projects (PM&C). The goal of developing this system was primarily financial, in terms of keeping projects from exceeding budget and optimally allocating increasingly scarce investment funds.
A specialized expert in the project management as a consultant and an internal program manager for PM&C were selected. The ground rules of the projects were established as the PM&C would be developed internally and tailored to the needs of the groups, and directors of the engineering departments of each group were to be involved directly in both the design and implementation of the project. To ensure these ground rules, a thorough fundamental education in the basic principles of the project management was given to all involved in the system design.
Instead of defining a uniform PM&C system, to be imposed on all engineering departments by corporate mandate, the weight was put on individual systems and unique needs of each group.
Of the project management aides described in chapter 6, a hierarchical numbering system for the work breakdown structure (WBS), and an accountability matrix was used in Heublein PM&C program.
One issue of this project is regarding the "objectives" section of the project. In this section, usually the goals must be stated in terms of deliverable items. So, they need the definition of a clear comprehensible, measurable and tangible objective. In Heublein PM&C program, concept of objectives can be seen to be similar to a "statement of work" and is not meant to encompass specifications (detailed descriptions of the attributes of a deliverable item)which can be included as appendices to the objectives of the project.
Although the PM&C program met the conditions for a successful project in the sense that it was completed on time and within the budgeted fund, delivering the product which does not serve the client's needs was unsatisfactory. As we have learnt yet, the main goals of project management includes, time, cost and performance. In PM&C program, the performance part sounds to be ended unsatisfactory. In PM&C, just like most managerial systems and education programs, they were forced to rely on the perceptions of the clients. The clients in this PM&C program were corporate management, group management, and most importantly the managers of engineering and their staff. In short, the latter two operational clients were primary.
Get Better Grades Today
Join Essays24.com and get instant access to over 60,000+ Papers and Essays