¶ … Matrix Context Technology Strategy Covering -Topics: - Articulate Core Concept - Describe Types Process - Discuss Product
Project Planning Matrix (PPM): Purposes and use
The process of project management has been called both an art and a science (Project management methodology, 2012, City of Chandler). A Project Planning Matrix (PPM) can be used during the planning process as a 'reality check,' forcing "the planner to constantly check whether the project design is plausible and consistent" (PPM, 2012, FAO). It also can be helpful as a facilitator of communication between employees on the who, what, why, when, and how of the project, and 'allows for a project monitoring based on common understanding" (PPM, 2012, FAO). The PPM is designed to facilitate clarity, a free flow of information, and maximize project efficacy. "Projects contain a lot of unknown facts, risks, generate many decisions and need someone to focus the team towards the project result" (Melnic & Puiu 2011). A matrix can help managers better assess potential unknowns.
Matrixes also demand specificity in the project management process, which is necessary given that by definition projects are time-bound creations. "Projects must have a clear, definitive goal or objective. The objective is specific, identifiable, and can be accomplished. A project usually involves varied activities, which produce quantifiable and qualifiable deliverables that when added together, accomplish the overall objective" (Project management methodology, 2012, City of Chandler). The actual instrument is constructed as "a matrix of four columns and four rows providing sixteen squares for a comprehensive description of a project" (PPM, 2012, FAO). The matrix links inputs and activities with the contingencies and assumptions necessary for each action to be performed. Activities and inputs can only be realized if specific conditions are realized. The PPM illustrates the contingent nature of all project steps in a quantitative,...
Week 1 The corporate level strategy of General Mills is the horizontal growth strategy. Imperatively, horizontal growth is accomplished by expanding its business operations into other geographic expanses or by expanding the range of products as well as services being offered in the prevailing market. In this regard, General Mills has expanded its business operations not just in the United States but also internationally and increasing its wide range of products
The vision statement developed by the company refers to the product it sells, which is represented by the finest coffee in the world, the position that Starbucks intends to reach, which is represented by the leadership in this industry, and its principles. Therefore, the vision statement offers numerous clues. However, the vision statement of Starbucks is not as short as it should be, and it does not seem to be very
Introduction Nestle is a multinational food and beverage company known for its wide range of products that cater to various consumer needs. The company operates in over 190 countries and has a strong presence in the global market. Nestle's corporate level strategies play a crucial role in ensuring its success and sustainability in the competitive business environment. One of Nestle's key corporate level strategies is diversification. The company has a diverse portfolio
Business-Level and Corporate-Level Strategies Every business in the modern world has to formulate and implement the best and most suitable strategy on how to conduct its operation. The choice of a business or corporate strategy significantly determines the success or failure of a business venture both in the short-run and in the long run. A suitable business or corporate strategy provides competitive advantage to a corporation, as well as the ability
Business-Level and Corporate-Level Strategies: Nestle Business and Corporate level Strategies Nestle Nestle Nestle is one of the world's largest manufacturers of foods, beverages, and health care products. Incorporated in 1866 by Henry Nestle in Switzerland, it is currently present in more than 130 countries of the world. Nestle manufacturers all types of foods and beverage products that meet the 24-hour needs of the general consumers from all age groups. It has more than
Business-Level and Corporate-Level Strategies: The Coca-Cola Company Business level and corporate level strategies This paper analyzes the business-level and corporate-level strategies of the Coca-Cola Company in order to identify the most important strategies which have contributed to its success in the past and can help it in competing effectively in the long run. An analysis of its competitive environment has also been done in a view to assess and compare the strategies
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