Project Strategy, Leadership and Governance Coursework

Project Strategy, Leadership and Governance - Coursework Example ject’s overall strategy, for instance the care with which the team is staffed, and the goals set for the project is both very critical (Jovanović et al. 2012). In a similar manner, the organization’s policies, culture, structure, and operating systems can work effectively to promote and support project management or perhaps work against the capability to effectively run projects. An effective project management requires that before it is started, the manager and the team have a responsibility of understanding the structure of the organization as it pertains to the tasks and project. For most organizations, projects and project management are not the operating norm, but rather projects exist outside of the formal, process-oriented activities related to many organizations (Kaleshovska 2014). As a result, many organizations are simply not structured to allow for the effective completion of the projects in conjunction with the ongoing corporate activities. This report w ill attempt to evaluate whether project management is used in strategic context, and then show how this application is achieved. Further, this report will evaluate how excellent project management can promote competitive advantage. Strategic project management provides a practical and step-by-step approach to guiding the organization and mangers on how to turn the projects to gain a competitive advantage. Instead of focusing how the job will be done, a strategic project management focuses on creating a competitive advantage for the organization and winning on the market (Dulipovici & Robey 2013). The framework of strategic project management encompasses five planning assets as well as seven principles for implementation, which can be utilized by organizations and managers during the time of project planning and execution. A project is referred to us as a temporary process and organization projected to achieve certain goals under the constraints of budget, time, and other resources. In most cases,

Hw Assignment Example | Topics and Well Written Essays - 500 words

Hw - Assignment Example Since 2004 the company has shown some reasonable profits in only 2007. In the fear of entering bankruptcy, Kodak used immense patent litigation in their attempt to generate revenues (Mattioli, 2010). They got 838 million dollars from licensing of patents; this also included settlements and lawsuits against companies including LG, Samsung and their recent fight is with Apple. Patents are thus a way to protect companies from losing their profits entirely and to keep them safe from going bankruptcy. 2. Kodak was a company that brought new technology in photography and thus held a dominant place in the market for a very long time. They had an advantage as their products were patented meaning no other company could use their invention to make any profits for twenty years. This implies that any company who uses their invention before the expiry period would be facing a lawsuit from Kodak and would have to pay heavy settlement moneyfor patent infringement. The company is said to have been breathing its last breaths and is on the brink of bankruptcy. They have to present a reorganizational plan till the deadline of 15th February 2013 under the terms of the bankruptcy protection. For them till now their patents were all they had to regain their lost position as none of their other tactics seemed to work. 3. As most of Kodak’s patents expire, the company will have to come up with a reorganization plan that will get it out of its lost position. According to Antonio Perez the Chairman and CEO of Kodak they are restructuring the company by rebalancing it towards packaging, functional and commercial printing. They will use their competitive edge in deposition technology and material science along with their knowledge of digital imaging to capitalize on their prospects and market growth. Kodak had its patents on auction but the bids they received from Apple and Google were 150 million and 250 million billion dollars