MGT674 Southern New Avalon Bay Communities Project Management Plan Paper Company of Focus: Avalon Bay Communties (Prior Modules are attachded) You wi

MGT674 Southern New Avalon Bay Communities Project Management Plan Paper Company of Focus: Avalon Bay Communties

(Prior Modules are attachded)

You will submit your completed project management plan in addition to the risks and cost estimates and the high-level work breakdown structure identified for the tasks and subtasks (including at least five major tasks with appropriate number of subtasks) necessary to implement the new business opportunity in the marketplace. It should be a complete, polished artifact containing all of the critical elements of the final product.

Guidelines for Submission: Your project management plan should adhere to the following formatting requirements: It is submitted as an APA-style Microsoft Word (or open source) document, 15-20 pages (not including title and reference pages), double-spaced, using 12-point Times New Roman font and one-inch margins. There should be a minimum of five authoritative references used in your final paper. MBA 690 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of a project management plan.
Managing technology in support of business operations is key to profitable operations management (OM). Profit maximization can result from a business
manager’s ability to cut production costs or generate new revenue after applying a new technology or developing new products or services. To ensure the
profitability of a business opportunity, a manager must be able to envision the entire life cycle of a business product, service, or idea. Only then can the manager
create a plan to guide the business product, service, or idea from inception to retirement in a sustainable and profitable manner.
For this assessment, you will develop a project management plan focused on profitable and sustainable operations; the basis for this project management plan
will be the company and business product, service, or other idea from the business plan you created in the Marketing and Strategy course. In your project
management plan, you will manage the scope-time-cost parameters of the project by assessing relevant obstacles and risks. You will determine appropriate risk
mitigation strategies for your project, while also considering future innovations and profits.
The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final
submissions. These milestones will be submitted in Modules Three, Five, and Seven. The final project management plan will be submitted in Module Nine.
In this assignment, you will demonstrate your mastery of the following course outcomes:
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?
?
?
?
Assess the evolution of operations management philosophies and structures for their impact on modern business operations
Assess key trends in production, quality, resource, and information management for their impact on current business operations
Develop a project management plan using elements of both traditional and iterative methods to meet scope, time, and cost objectives of projects in
operations management
Determine appropriate risk mitigation strategies for managing projects by assessing and quantifying risks and impediments
Determine key measures of performance that reflect profitability and sustainability for managing product or service life cycles
Prompt
Develop a project management plan for the company and product, service, or other idea from your business plan in the Marketing and Strategy course.
Note: If, for some reason, you cannot use the company and product, service, or other idea from your business plan, you will need to work with your instructor
to select another company and corresponding business product, service, or idea.
Specifically, the following critical elements must be addressed:
I.
Operations Management: In this section, you will assess the history and trends of operations management, focusing on the business or company from
your business plan in the Marketing and Strategy course. Specifically, you should:
a) Assess the significant forces that have shaped operations management in recent history. How did these forces impact the business operations of
your company? If your company does not yet exist, how do you envision these forces will impact the business operations of your company?
b) Critique the key obstacles and issues that confronted company management during the evolution of operations management into the modern
era. How did your company’s management handle these obstacles? If your company did not exist then, how do you think they would have
responded to these issues?
c) Assess changes to operations management philosophies and organizational structures in response to the evolving complexity of business
operations. In other words, what has changed and why?
d) Analyze the business operations of your selected company. Consider questions such as these in your response: What organizational processes
does the company use? How do the business operations support the strategic plan, mission, and vision of the company? What factors affect
productivity and profitability?
e) Determine the key trends in production, quality, resource, and information management with a focus on the business operations of your
company.
f) Assess the impact of these key trends on the business operations of your selected company and on the business product, service, or other idea
in your business plan.
II.
Operationalization: In this section, you will discuss the operationalization of a business opportunity, specifically the business product, service, or other
idea from your business plan in the Marketing and Strategy course. Specifically, you should:
a) Project the potential costs, risks, and benefits of operationalizing your business idea. Your projections should be supported with rationale.
[MBA-690-04]
b) Develop a work breakdown structure for your business idea. Your work breakdown structure should include at least three tasks with at least
three subtasks each.
c) Provide a narrative justifying each task and subtask that is part of your work breakdown structure.
d) Identify key milestones, deliverables, and resource requirements associated with operationalizing your business idea based on your work
breakdown structure. The key milestones, deliverables, and resource requirements should be supported with an explanation of how they will
help the project meet scope-time-cost objectives.
e) Assess potential obstacles and impediments to meeting scope-time-cost objectives of the project, supporting your assessment with rationale.
f) Determine appropriate risk mitigation strategies to address the obstacles, impediments, and risks you have identified.
III.
Life Cycle: In this section, you will discuss the life cycle of your business product, service, or other idea from your business plan in the Marketing and
Strategy course. Specifically, you should:
a) Describe the life cycle of the business idea. Focus your response on the future of the business idea, specifically on its growth and eventual
decline.
b) Assess the profit generation and cost-saving opportunities associated with the business idea based on the life cycle you described. Your
assessment should be supported with rationale.
c) Determine a phase-out plan for your business idea that ensures a sustainable solution that makes way for future innovation and profit streams.
Ensure that you justify the steps in your plan.
Milestones
Milestone One: Operations Management
In Module Three, you will submit the Operations Management section (Section I) of your project management plan. Assess the history and trends of operations
management, focusing on the business or company from your business plan in the Marketing and Strategy course. Specifically, you should assess the significant
forces that have shaped operations management in recent history and answer the following:
?
?
?
?
?
?
How did these forces impact the business operations of your company?
If your company does not yet exist, how do you envision these forces will impact the business operations of your company?
Critique the key obstacles and issues that confronted company management during the evolution of operations management into the modern era. How
did your company’s management handle these obstacles? If your company did not exist then, how do you think they would have responded to these
issues?
Assess changes to operations management philosophies and organizational structures in response to the evolving complexity of business operations. In
other words, what has changed and why? Analyze the business operations of your selected company. Consider questions such as these in your response:
o What organizational processes does the company use?
o How do the business operations support the strategic plan, mission, and vision of the company?
o What factors affect productivity and profitability?
Determine the key trends in production, quality, resource, and information management with a focus on the business operations of your company.
Assess the impact of these key trends on the business operations of your selected company and on the business product, service, or other idea in your
business plan.
This milestone should be 8 to 10 pages in length. This milestone will be graded with the Milestone One Rubric.
Milestone Two: Operationalization
In Module Five, you will submit a discussion of the operationalization of a business opportunity (Section II), specifically the business product, service, or other
idea from your business plan in the Marketing and Strategy course. You should project the potential costs, risks, and benefits of operationalizing your business
idea. Your projections should be supported with rationale.
Develop a work breakdown structure for your business idea. Your work breakdown structure should include at least three tasks with at least three subtasks each.
Provide a narrative justifying each task and subtask that is part of your work breakdown structure.
Identify key milestones, deliverables, and resource requirements associated with operationalizing your business idea based on your work breakdown structure.
The key milestones, deliverables, and resource requirements should be supported with an explanation of how they will help the project meet scope-time-cost
objectives. Assess potential obstacles and impediments to meeting scope-time-cost objectives of the project, supporting your assessment with rationale.
Determine appropriate risk mitigation strategies to address the obstacles, impediments, and risks you have identified.
This milestone should be 8-10 pages in length. This milestone will be graded with the Milestone Two Rubric.
Milestone Three: Life Cycle
In Module Seven, you will submit a discussion of the life cycle management (Section III) of your business product, service, or other idea from your business plan
in the Marketing and Strategy course. You should describe the life cycle of the business idea. Focus your response on the future of the business idea, specifically
on its growth and eventual decline. Assess the profit generation and cost-saving opportunities associated with the business idea based on the life cycle you
described. Your assessment should be supported with rationale. Determine a phase-out plan for your business idea that ensures a sustainable solution that
makes way for future innovation and profit streams. Ensure that you justify the steps in your plan.
This milestone should be 8-10 pages in length. This milestone will be graded with the Milestone Three Rubric.
Final Submission: Project Management Plan
In Module Nine, you will submit your completed project management plan. It should be a complete, polished artifact containing all of the critical elements of the
final product. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded with the Final Project Rubric.
Deliverables
Milestone
Deliverable
Module Due
Grading
Three
Graded separately; Milestone One Rubric
Five
Graded separately; Milestone Two Rubric
Life Cycle
Seven
Graded separately; Milestone Three Rubric
Final Submission: Project
Management Plan
Nine
Graded separately; Final Project Rubric
One
Operations Management
Two
Operationalization
Three
Final Project Rubric
Guidelines for Submission: Your project management plan should adhere to the following formatting requirements: It is submitted as an APA-style Microsoft
Word (or open source) document, 15-20 pages (not including title and reference pages), double-spaced, using 12-point Times New Roman font and one-inch
margins. There should be a minimum of five authoritative references used in your final paper. The final paper should be a summary of all the preceding
milestone submissions that incorporate any suggested changes noted in the instructor’s feedback.
Critical Elements
Significant Forces
[MBA-690-01]
Exemplary (100%)
Meets “Proficient” criteria and
response is exceptionally clear
and detailed
Proficient (90%)
Comprehensively assesses the
significant forces that have
shaped operations
management in recent history
or will shape it in the future,
focusing on impact on business
operations of selected company
Accurately critiques the key
obstacles or issues that
confronted or will confront
company management during
evolution of operations
management into modern era,
focusing on management of
selected company
Key Obstacles
[MBA-690-01]
Meets “Proficient” criteria and
response is exceptionally clear
and detailed
Changes
[MBA-690-01]
Meets “Proficient” criteria and
response is exceptionally clear
and detailed
Comprehensively assesses
changes to operations
management and
organizational structures in
response to evolving complexity
of business operations
Business Operations
[MBA-690-02]
Meets “Proficient” criteria and
analysis demonstrates keen
insight into company’s business
operations
Comprehensively analyzes
business operations of selected
company
Needs Improvement (70%)
Assesses the significant forces
that have shaped operations
management in recent history
or will shape it in the future,
but response lacks a focus on
impact on selected company or
is cursory or inaccurate
Critiques the key obstacles or
issues that confronted or will
confront company management
during evolution of operations
management into modern era,
but response lacks a focus on
management of selected
company, is cursory, or is
inaccurate
Assesses changes to operations
management and
organizational structures in
response to evolving complexity
of business operations, but
assessment is cursory or
inaccurate
Analyzes business operations of
selected company, but response
is cursory or inaccurate
Not Evident (0%)
Does not assess the significant
forces that have shaped
operations management in
recent history or will shape it in
the future
Value
6.33
Does not critique the key
obstacles or issues that
confronted company
management during evolution
of operations management into
modern era
6.33
Does not assess changes to
operations management and
organizational structures in
response to evolving complexity
of business operations
6.33
Does not analyze business
operations of selected company
6.33
Key Trends
[MBA-690-02]
Meets “Proficient” criteria and
response demonstrates keen
insight into trends in operations
management
Accurately determines key
trends in production, quality,
resource, and information
management, focusing on
business operations of company
Impact
[MBA-690-02]
Meets “Proficient” criteria and
assessment demonstrates
nuanced understanding of
relationship between business
operations and trends in
operations management
Meets “Proficient” criteria and
response demonstrates keen
insight into assessing and
quantifying project components
Comprehensively assesses the
impact of identified key trends
on business operations of
selected company and business
idea
Potential Costs
[MBA-690-04]
Work Breakdown
Structure
[MBA-690-03]
Meets “Proficient” criteria and
work breakdown structure is
exceptionally clear and
contextualized
Narrative
[MBA-690-03]
Meets “Proficient” criteria and
narrative is exceptionally clear
and contextualized
Key Milestones
[MBA-690-03]
Meets “Proficient” criteria and
response demonstrates keen
insight into meeting scope,
time, and cost requirements of
operations management
projects
Logically projects potential
costs, risks, and benefits of
operationalizing business idea,
supporting projections with
rationale
Develops logical,
comprehensive work
breakdown structure with at
least three tasks and at least
three associated subtasks
Provides a logical,
comprehensive narrative,
justifying each task and subtask
in the work breakdown
structure
Accurately identifies key
milestones, deliverables, and
resource requirements
associated with operationalizing
business idea based on work
breakdown structure and
supported with explanation of
how project will meet scopetime-cost objectives
Determines key trends in
production, quality, resource,
and information management,
but response is not focused on
business operations of company
or has gaps in accuracy or detail
Assesses the impact of
identified key trends on
business operations of selected
company and business idea, but
assessment is cursory or
inaccurate
Projects potential costs, risks,
and benefits of operationalizing
business idea, but with gaps in
logic, detail, or support
Does not determine key trends
in production, quality, resource,
and information management
6.33
Does not assess the impact of
identified key trends on
business operations of selected
company and business idea
6.33
Does not project potential
costs, risks, and benefits of
operationalizing business idea
6.33
Develops work breakdown
structure with at least three
tasks and at least three
associated subtasks, but with
gaps in logic, accuracy, or detail
Provides a narrative justifying
each task and subtask in the
work breakdown structure, but
with gaps in logic, accuracy, or
detail
Identifies key milestones,
deliverables, and resource
requirements associated with
operationalizing business idea,
but response is not based on
work breakdown structure, is
not supported with explanation
of how project will meet scopetime-cost objectives, or has
gaps in accuracy or detail
Does not develop work
breakdown structure with at
least three tasks and at least
three associated subtasks
6.33
Does not provide a narrative
justifying each task and subtask
in the work breakdown
structure
6.33
Does not identify key
milestones, deliverables, and
resource requirements
associated with operationalizing
business idea
6.33
Potential Obstacles
[MBA-690-04]
Risk Mitigation
[MBA-690-04]
Life Cycle
[MBA-690-05]
Profit Generation
[MBA-690-05]
Phase-Out Plan
[MBA-690-05]
Articulation of
Response
Meets “Proficient” criteria and
response demonstrates keen
insight into project risks and
impediments
Meets “Proficient” criteria and
strategies demonstrate nuanced
understanding of obstacles,
risks, and impediments to
project
Meets “Proficient” criteria and
description demonstrates keen
insight into business product or
service life cycles
Meets “Proficient” criteria and
response demonstrates
nuanced understanding of
relationship between key
measures of performance and
business product or service life
cycles
Meets “Proficient” criteria and
plan demonstrates nuanced
understanding of relationship
between key measures of
performance and business
product or service life cycles
Submission is free of errors
related to citations, grammar,
spelling, syntax, and
organization and is presented in
a professional and easy-to-read
format
Comprehensively assesses
potential obstacles and
impediments to meeting scopetime-cost objectives of project,
supporting response with
rationale
Determines appropriate risk
mitigation strategies to address
identified obstacles,
impediments, and risks
Assesses potential obstacles
and impediments to meeting
scope-time-cost objectives of
project, but with gaps in
accuracy, detail, or support
Does not assess potential
obstacles and impediments to
meeting scope-time-cost
objectives of project
6.33
Does not determine risk
mitigation strategies
6.33
Does not describe life cycle of
business idea
6.33
Comprehensively assesses
profit generation and costsaving opportunities associated
with business idea based on life
cycle and supported with
rationale
Determines risk mitigation
strategies, but not all strategies
are appropriate for addressing
identified obstacles,
impediments, and risks
Describes life cycle of business
idea, but without a focus on
future growth and decline or
with gaps in clarity or detail
Assesses profit generation and
cost-saving opportunities
associated with business idea,
but response is not based on
life cycle or has gaps in
accuracy, detail, or support
Does not assess profit…
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