Learning Goal: I’m working on a business case study and need an explanation and answer to help me learn.Case Study 4: The Museum CompanyWeight 5% of the final grade Due no later than 11:00 p.m. on Sunday of Unit 8 Objectives [CLO 1, CLO 2, CLO 3, CLO 4, CLO 5, CLO 6] Upon completion of each Case Study Analysis, the students will be able to demonstrate how to manage project resources, schedules, and costs; establish project cost baseline; compare actual project results to baseline; and perform variance analysis, take corrective actions, and forecast budget at completion. Textbook Riddle, J. (2010). The Museum Company. In D. Z. Milosevic, P. Patanakul, & S. Srivannaboon (Eds.), Case studies in project, program, and organizational project management (pp. 149-151). Hoboken, NJ: John Wiley & Sons Inc. The Museum Company is a critical incident that talks about the company’s cash inflow issue. Despite being very good at what it did and having a large backlog of contracts, MC had no positive cash flow at the end of each month. To respond to the issue, the company set-up project management training that, they believed, could potentially help the company’s leaders identify/solve the cash inflow problem. Baseline costs are time-phased budgets used to measure and monitor the cost performance of projects. They ensure that each phase of a project is profitable and on-time. This case analysis will help students demonstrate how to manage resources which help mitigate the company’s cash inflow problem. Description In your analysis of this case, you must ensure that you include the following: An introductory paragraph and brief summary of the Museum Company case An explanation the benefits of project cost management (provide at least three benefits), providing details as to how cost management was conducted in this case. Explain the components of a robust cost Management Plan and discuss how cost management was conducted in this case. A short paragraph as conclusion with your recommendations for improvement, as you see necessary. All submissions must be done through the online Turnitin portal in Moodle. Similarity percentage MUST NOT exceed 15%. Submission Instructions Read the Case Study associated with the specific unit carefully, then proceed as follows: Prepare a response that is a maximum of 3 pages double-spaced (excluding title page and reference page) and should follow APA format and referencing style.
2.While there is no “formula” for analyzing case studies, the following guidelines are recommended: Define the outcomes and objectives for your analysis. What questions are you trying to answer and what issues are you trying to resolve?
Rapidly skim through the case study and get a sense for how the case study has been structured
Read through the case study with paper and pencil and make notes as you go along
evolution of the industry in which the enterprise operates (e.g., changes in technology, customer needs, competitive landscape)
evolution of strategy – business, technology, and market – of the enterprise
evolution of technology (including manufacturing), product platforms, and product lines of the enterprise
the technology, product, and process development process within the enterprise
growth (or decline) of the enterprise with respect to market share, revenues, costs,
organizational structure of the enterprise
key decisions made at different stages in the life of enterprise, and the drivers for these decisions
the interconnections and relationships between all the above factors
3.Structure the information in the case study: this is the key step. 4.Whilst addressing the case questions, think of the information given in the case study as “raw data” that you have gathered to help you answer the questions and resolve the issues. 5.You need to structure this information in order to resolve the issues. Here are some useful dimensions along which you can structure the given information chronologically: 6.Make extensive use of figures, tables, trees, etc. to shape your thinking during the structuring process. 7.Perform any necessary analysis, for example, revenues or costs associated with different design options 8.Draw conclusions, answer questions, resolve issues, and make recommendations using the structured information in Step 4. Evaluation and Feedback Case Study 4 will be marked in its entirety out of 100. The following rubric indicates the criteria students are to adhere to, and their relative weights to the assignment overall. Activity/Competencies Demonstrated % of Final Grade 1. Critical Analysis and Conclusions (70%) a. Outcomes and objectives effectively identified /30 b. Conclusions, solutions and recommendations are appropriate and supported /40 2. Communication (20%) a. Uses language clearly and effectively /10 b. Information organized intelligently and holistically /10 3. Attention to Detail (10%) a. APA Referencing and formatting of titles, headings & references (when used) /5 b. Spelling and grammar /5 Total /100
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