What does this case demonstrate about the effect of poor project screening metho

Question

What does this case demonstrate about the effect of poor project screening methods on a firm’s ability to manage projects effectively?

How would project portfolio management help to improve the situation at Keflavik?

If you think about it, all business problems are case studies. To effectively evaluate the situation, you must approach the problem in a methodological manner. A proven technique to do this is to do the following:

list the facts;

identify the issues;

based on the facts of the case and your knowledge, analyze the issues of the case;

prepare recommended solutions and their possible outcomes;

implement the optimal solution (not always the one with the best outcome, because the cost or other things could be impractical); and

monitor the implementation and outcomes.

Explanation / Answer

1. Keflavik maintains many projects as per ther scenario but they didn't implement any business plan. For that matter for any firm it is very much important that effective project screening to select and manage projects.

Particularly poor project screening methods will definitely be lead to failure. And that too firm like keflavik who manages different types of projects must have to implement one business plan with wide variety of screening methods.

By implementing information system in the firm the company would have great knowledge on the projects.

The major issues with this firm at present is they didn't implement any changes in the organisation related to employee training, recruitment, business process changes, changes in authority etc will all combinly led to ineffective project management in the firm.

2. In order to implement the situation in keflavik company must start to weigh the project according to their risk and resources allocation. Most probably in keflavik number of projects and their programs might have been more than the number of resources who manages the projects. So to improve the situation if the company had implemented the project portfolio management as a tool they might effectively complete the projects by reducing the failure ones.

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