Project Management at Boxer Pumps Limited
Project management is a crucial undertaking in every organization. It implies the application of methods, processes, experiences, skills and knowledge in a bid to achieve the objectives of the project. A project is intentional and geared towards the achievement of certain specifications. A project refers to a transient and unique endeavor that is done to meet the planned objectives. These objectives are definitive and could be in the form of outputs, benefits, outcomes, all with figurative measurements. While seeking to achieve these merits, the project has to be put into different sections in the form of departments, which will work hand-in-hand like a system since similar objectives bind them. All the departments have to meet the requirements that comprise a project like a scope, the costs of production, the time, and the quality of the processes and products. This study has explored on the Boxer Pumps Limited, a company facing project management-based challenges that have affected and risk depleting the existence of the organization.
Initially, the Boxer Pumps Limited has been successful in terms of its project management approaches. It was meeting its objectives in the market. In fact, it had a promising future now that its production had acquired a market share of the global market. Nonetheless, because of the managerial and project execution challenges, everything has changed, with the fate of the company clouded (Wu et al. 2015). This study endeavors to explore the scenario and identifies the issues leading to the current problems and failures at the company. The comparison of these issues with sound project-based management practices, a recommendation of the steps necessary to bring in the management by project, and the improvements to the supply chain practices for future projects are also covered.
Issues leading to the current failures
Several issues have contributed to the current failures at the Boxer Pumps Limited. These issues touch on some factors. Some of the factors include the nature of the structure of the limited, the definition of the phase of the limited, the definition of the goals of the limited, and transparency of the workers and the managers. They also include recognition of risks in the limited, management of issues on disturbance, and the responsibilities of different members of the production process. The issues are outlined as follows:
Boxer Pumps Limited has been in the market building industrial pumps since 1953. It had a tremendous growth all throughout until the late 1980s that these issues became critical to further growth and development of the limited. During this period of productivity, the company failed to have requisite measures to ensure standardized production and the reduction of internal problems. During this time, the limited had to go global, as a way of increasing its market share in the global phase. It had the right and practicable strategies that managed to lift the limited to the global scene and continue its dominance and success. As it continued to produce standard designed large-scale products in its line of production, it failed to develop new and responsive models or even new products during this period. This was a failure relating to the scope of the project and the strength relating to specialization. When the company had stabilized supply and production processes, it failed to foresee the dangers related to changes in suppliers and customer preferences in the market. Besides, it overlooked the need to study the transformations in market demands and supplies (Wu et al. 2015).
Typically, it became complacent and naive. With an increase in competition when China became a major importer and exporter, Boxer Pumps Limited had to face a stiff competitive scale in the global market. As the preferences of the clients simultaneously fluctuated, with each client demanding that it be given products based on their specifications, the company could not offer this. Typically, Boxer Pumps Limited failed to foresee a change in preferences and tastes of the customers in the market, something that is even made worse with the existence of a competitor product in the market. As a result, the large-scale pumping equipment had to diminish in order.
The other issue touches on the competitiveness to schedule and manage costs of production. Since the company boasted of the capacity to manufacture products based on varied customer specifications, it failed to have the requisite managerial skills in scheduling and costs management. The company was running at net losses. The issue here is that the management had failed to diversify its production avenues to have a stable profit...
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