Implementation Plan for Friar Tucker Galleria
Friar Tucker International (FTI) is a company that provides hospitality services to a variety cuisine and entertainment customers. The company employs 1,200 individuals and generates revenue in excess of $300 million. FTI specifically manages a variety of establishments including 15 cuisines, 10 sports entertainment, and eight family entertainment operations. FTI has also gone outside of its core business by having agreements with two hotel chains to manage their establishments and execute diverse projects for them. (FTI Simulation, 2008)
Business has come to FTI because of its stellar work and results. FTI has rejected several proposals because it was executing a large number of diverse projects. Even so, FTI has accepted some projects that step outside of its core business. FTI CEO, Ricardo Bellini, decided to create a project selection committee (PSC) to regulate new projects. This was the company's first attempt to implement a component of a project management system.
The PSC was given the responsibility of reviewing five projects. After an initial review three projects were selected to investigate further. These projects were Kalimpong, Braithwaite Greens, and Galleria. These projects were selected because they met the qualifications indentified in the organizations strategic goals. Once an understanding of each project was formed the committee identified the project that aligned with the direction for the company. This was done systematically through the use of a project selection matrix. The committee selected the Galleria project because it was the best fit to realize FTI's strategic goals.
Friar Tucker's Strategy
FTI has been extremely successful operating in the hospitality services industry. The vis ...