Running head: PROBLEM SOLUTION: HARRISON-KEYES INC.
Problem Solution: Harrison-Keyes Inc.
University of Phoenix
Abstract
This paper discusses the current situation that Harrison-Keyes is in, the affected parties, and defines the problem that it faces as a result. Alternative solutions are then produced by researching the best practices or mistakes that were identified from benchmarking companies who have experienced the same issues. These solutions are then evaluated against each other on the basis of risk assessment and the fulfillment of the goals that are needed for HK to achieve its desired end-state. This analysis leads to determining a problem solution for HK and developing an implementation plan and metrics used to evaluate the results.
Problem Solution: Harrison-Keyes Inc.
“Strategic management is the process of assessing ‘who we are’ and deciding and implementing ‘what we intend to be and how we are going to get there’” (Gray & Larson, 2005, p. 22). The implementation of strategy occurs through projects and success is dependent on how aligned these projects are with the strategy and how well they are managed. Projects are complex typically require participation from different levels and areas of a company. Adding to their complexity is the tendency for many companies to take on multiple projects concurrently which increases confusion and leads to resource and time constraints. This is why effective project management is a necessity. Project management can be defined as “the process of directing and coordinating human and material resources throughout the project life cycle using modern management techniques to achieve established objectives of scope, quality, time, ...