Selling Executives on Project Management Assignment - 2

Selling Executives on Project Management - Assignment Example Heerkens (2002)Often times in a project, expectations are not met that are defined in scope and the WBS. Thus, creating contingency strategies is pivotal towards executing a successful project. One of the most pivotal contingency strategies is to have a high incremental cost of resources that continue to plague organizations. One of the strategies I would suggest is financial segmentation. The revenue stream is the focal point that one should examine at Levan. Budget discrepancies are one of the most difficult challenges to deal with when closing down a project because PMs must ensure that they close their projects without any discrepancies. Understanding the segmentation of financials is hectic because it requires signatures, higher authority decisions and collaboration. In midst of the project, most managers forget that budget discrepancies in the beginning can accumulate to be problematic at the end. This not only creates chaos in the project, but diminishes quality, resources and time. The second element I would suggest is that to run more of an Agile environment rather than a waterfall. Agile methodology is one of the best methodologies that have been implemented in the realm of e-commerce. Agile methodology allows organizations to harness growth, breed innovation, and define products that can be tangible and intuitive. One of the best elements of Agile is the fact that one can prototype. The rise of Agile methodology is likely to be more effective because it is very rapid and at the end of each sprint you have something testable and can be given to the client much quicker than waterfall. Heerkens (2002)The techniques that the group found effective were using wireframes and workflows because it is easier to visually understand information than to read 300 page documentation. The third strategy I would suggest is managing change request. It is evident that managing change request is