Project Management and Business Strategy

Question 1

Factors Influencing Organization’s Mission

Answer 1

1. Philosophy & values
2. Profitability and growth
3. Public image
4. Society
5. Customers
6. Business environment

Question 2

Porter’s Five Forces model

Answer 2

1. Threat of substitute Products or Services
2. Supplier Power
3. Buyer Power (Bargaining power of channels and bargaining power of end users)
4. Threat of new entrants
5. Rivalry among existing competitors

Question 3

Mission

Answer 3

Reason for existence for an organization

Question 4

Goals

Answer 4

what is to be accomplished?

Question 5

Strategy

Answer 5

How are you going to get there

Question 6

Objectives

Answer 6

How much to be accomplished and by when

Question 7

Plans/Policies/Tactics

Answer 7

Actions and rules to be followed in order to accomplish objectives

Question 8

Goals: Competitive Priorities

Answer 8

1. Low Cost/Price
2. High quality
3. Rapid Delivery/Response
4. Flexibility

Question 9

Portfolio of Projects by Type

Answer 9

1. compliance (must do) projects
2. Strategic projects - Directly support the organizations long-run mission
3. Operational projects - support current operations

Question 10

Elements of Business Strategy

Answer 10

1. Capacity
2. Facilities
3. Integration
4. Process Technology
5. Workforce
6. Production plan control
7. Quality
8. Sourcing

Question 11

Example of using IT to reduce costs of doing business

Answer 11

ATM

Question 12

Example of Promoting business innovation

Answer 12

CAD/CAM, FedEx, Amazon.com

Question 13

Example of locking in customers and suppliers

Answer 13

AHS, AA, UA

Question 14

Example of Increasing amount of investment or complexity of IT needed to compete

Answer 14

FedEx

Question 15

Example of Leveraging investment in Information Systems resources from operational to strategic uses

Answer 15

ATM

Question 16

Use IT to provide information to support firm’s competitive strategy

Answer 16

Frito-Lay