PMAL105: INTRODUCTION TO PROJECT MANAGEMENT (22F-C-1F) CASE STUDY 1: THE HOKIES LUNCH GROUP NAME: ARYA GIRIJA BHUVANENDRAN STUDENT ID: 229559360 SUBMITTED TO: PROF. OLGA BROUCKOVA DATE: 18/09/2022 INTRODUCTION The Hokies lunch group consists of three friends Fatma, Viktoria, and Jasper. They met each other at the Silicon Valley alumni reception and instantly became friends. It was there they decided to have lunch once every month. The lunch meeting every month eventually turned into a professional support group. All three handled different types of projects even though they are from different professional backgrounds, Jasper, a software engineer, Viktoria an electrical engineer, and Fatma works in charge of scheduling and managing work assignments for an internet company. Handling projects was the one thing that was common between them. During lunch every month they shared their issues at work, guided, and encouraged each other. Fatma, Jasper and Viktoria meet for lunch to discuss their current projects to get insights from each other. The friends discuss various issues that they face with their respective projects. During the initial period, we can see Fatma faced with issues regarding defining the scope of the project, Viktoria working on a project which is being tested and tells Fatma about the importance of defining the scope of a project, Jasper on the other hand is working on a project and is sworn to secrecy. He can be seen as very confident about his programming and about the project even though the scope of his project kept on changing. Towards the end, both Fatma and Viktoria successfully complete their projects, whereas Jasper loses his project even though he gave his best. 1. For parts A, B, and C, what phases of the project cycle is each project in? Explain. Every project must start and end somewhere. The different phases of a project cycle are defining, planning, executing, and closing. The defining stage is where specifications of the project are defined, objectives are established, teams are formed, and responsibilities are assigned. The planning stage is where plans are developed, scheduled, and quality and budget get decided. The executing stage is where a major part of the work takes place. The closing stage is where delivery of the project, redeploying of resources, and conducting a post-project review take place (Gray, 2021). A: Fatma is seen in the initial or defining stage of the project as she mentions having issues defining the scope of the project and going towards the process of planning. Viktoria talked about the importance of defining the scope of the project and how it helped in her project. Viktoria’s project had finished with the planning and is now in its executing stage as they entered the phase of testing their product PAX2. Jasper mentions coding and testing the project and the around-the-clock work done by his colleagues. Since he mentions coding and testing, he must be in the executing phase of his project. B: Fatma mentions discussions regarding risk management with her team and further about her responsibility for scheduling work assignments. This indicates her project i (arya, n.d.)s in its planning stage and moving towards the executing stage. Viktoria emphasizes the importance of risk management and talks about how it was beneficial and helped her project. Further, she talked about the successful testing of the battery, meaning the project moving towards its closing stage. Jasper was having trouble testing the execution phase of his project and they spent little time dealing with risk management. Jasper was behind the schedule in his project and missed certain milestones and is under pressure to complete the project. Jasper is still in the executing phase of the project cycle. C: Fatma’s project is in the executing phase as she mentions that both the founders joined the team and are making a great team. She is working on the project master schedule to schedule and assign work. Viktoria successfully completed her project and is in the closing phase of doing the project retrospective, to identify improvements. Jasper had trouble submitting a functional product and thus got his project withdrawn. He could not reach the closing stage of the project cycle. 2. What are the two important things you learned about working on projects from the case? Why are they important? The two most important things that we could learn from the case study are the importance of defining the scope of the project and the significance of risk management. Defining the scope will explain the boundaries of the project and establishes the responsibility of each member of the team (Monnappa, 2022). Correctly defining the scope of their projects helped both Fatma and Viktoria execute their project successfully. Likewise, effective risk management strategies allow for identifying the project’s strengths, opportunities, and threats (Duggan, 2019). Planning on risks helps in mitigating the risks and improves the chances of a project being successful. This case is visible from Viktoria’s project, even though their first prototype i.e., the battery became a failure during testing, they anticipated the risk and worked on a second prototype which was a success and helped the project immensely. CONCLUSION: The case study reflects the importance of the project cycle and how important each cycle is for every project. Every phase is as important as any other and should not be skipped. Well defined scope of the project is half work done and managing risk effectively assures the success of the project. REFERENCE: (Gray, 2021) Project Management The managerial process 8th edition Eric W Larson and Clifford F Gray. (Monnappa, 2022)Project Scope Management and Its Importance in 2022, By Avantika Monnappa Published on Aug 9, 2022, https://www.simplilearn.com/project-scope-management- importance-rar89-article. (Monnappa, 2022)Why is risk management important to project success, by Tara Duggan Published on 2019, https://smallbusiness.chron.com/risk-management-important-projectsuccess-56920.html