In conventional business and government megaprojects–such as hydroelectric dams, chemical-processing plants, or big-bang enterprise-resource-planning systems–the standard approach is to build something monolithic and customized. Such projects must be 100% complete before they can deliver benefits: Even when it’s 95% complete, a nuclear reactor is of no use. On the basis of 30 years of research and consulting on megaprojects, the author has found two factors that play a critical role in determining success or failure: replicable modularity in design and speed in iteration. The article examines those factors by looking at well-known megaprojects, both successful ones, and cautionary tales.
Case Study Link
Better Project Management | Harvard Business Publishing Education
Using the attached link do the following:
Your team has been assigned to build a house for your sponsor Smith Thomas. The budget for the house is $200,000, and the house must be completed in 6 months.
- Using the above link create a project canvas similar to the one on page 8
- Describe your life cycle approach used to manage your project and why?
- Describe at least five key stakeholders and your communication strategy
- Describe how you will track scope and scope changes
- Describe deliverables that will be created to track progress
- Describe at least five risks and your mitigation strategy
