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Management Essay

If company delays the due date, resources will be reallocated and higher cost will be added due to prolonged irking. Thirdly, cost is defined as the budget required by the completion of project. The lack of cost will decrease resources and therefore lower the competition quality of the project. In addition, project characteristics including skills level and deadlines have a strong linkage with team morale and work quality. Team’s skill level is related to the employee’s skill level.

A team with high level employees will create higher quality project and lower rate or mistakes. It Is crucial for building team morale and employee engagement. However, this project will cost more money due to high welfare for workers. In compare, a team with basic level workers can save lots of budget In the staff wages area. Unfortunately, these employees may produce technical problems and reduce the working quality In both effectiveness and efficiency factors. Thus, company may need to provide opportunities of training for employees. . Discovering effective strategies to manage projects For completing the project within budget and schedule, my initial assumption was that company should use basic levels of all parameters. Based on this assumption, I have created a team

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with 4 members, basic skill level and lower outsourcing. Further, by observing each week’s project performance, it is indicated that the cumulative cost was far exceeded the budget and the project has not completed before deadline. Therefore, I realized that my Initial assumption was Incorrect.

After analyzing, the reason of assumption failure Is that low skill levels employees have less effectiveness and efficiency. Result, the project cannot be finished before schedule. Since the project spent a lot of money for the delaying period, then the total cost was larger than the budget. After the failures, I tried to adjust the level of each parameter especially in order to satisfy both schedule and budget requirements. In result, three team members with medium level of skills, basic outsourcing and 2 meetings towards the best option for the requirements.

Additionally, from the simulations, I learned that three workers of medium skill level are much better than the four workers of basic skill level. Moreover, during the adjusting of parameters, a move in one parameter will lead to at least one of other parameters’ change. Based on this simulation, I think effective strategies need to focus on three factors. Firstly, employees should have medium to high level of skills. Right talents are crucial for achieving success In the project.

Companies will realize that employees with low skill level cannot save money, but will spend more money on the technical problems and should offer 1 to 2 times meetings for discussing and fixing problems on time. The reason why we use medium level skills’ worker is for achieving both budget and time requirements according to this simulation. Thirdly, from general consideration, effective strategies should obtain a good working environment, a cohesive group, a medium-to-high levels outsourcing and effective productivities. 3. Usefulness of the simulation The HUB project management simulation is useful.

Firstly, it states the results through different graphs. Showing data as a graph is more direct and clear than the words. It can be indicated as a dynamic change for players. Secondly, we can track on the results for each week respectively. This simulation is not only shown the final consequences, but also describes the situation for each week. Players can find out the movement of data for each week and analyzing it separately. Thirdly, this simulation brings a practical and useful experience for players to think about the recess of managing project in the real world.

From the simulation, we can know every step in the project management and find out the relationship between them. For example, I learned that meeting is a necessary way for medium or basic level workers to resolve technical problems. Additionally, some areas have small disadvantages and can be enhanced. Firstly, this simulation is only considering the internal factors. All parameters in this simulation did not include the outside factors. We have no idea about other competitors’ situation. The result of this simulation is also ignoring the influence from outside world.

Thus, for real world, this simulation seems to be less persuasion. Thus, this simulation will be better if it can add a decision parameter which is focusing on the outside effects. The second imperfection is that the skill levels of employees in this simulation have to be same. This is not reasonable in real project because team members in one group cannot exactly stay in the same skill level. Therefore, I recommend that the simulation can adjust the parameter of skill level and allow players to select different skill levels of team members in one group.

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