Project Closure and Assessment Essay Example | Topics and Well Written Essays - 1000 words

Project Closure and Assessment - Essay Example In an argument by Bartlett (2004), basing a project on financial estimates is disregarding the elasticity of the corporate market. If a project greatly involves construction operations, the procurement process should be well managed and developed. In construction, quality matters. If the quality assurance is not provided, the project prospects will not be achieved. Apart from the procurement process, the staff at large should be well placed to support the whole project. If need be, organizations are advised to outsource high risk operations. Outsourcing increases the expertise employed in the project and it shares the risk involved in the whole project. The paper will focus on the Woody project and how well it was managed. It will provide an insight into the procurement process in the project. The startup was poorly managed in this project. In appropriately managed startups, organizations usually have effective production processes. After every project the startup usually determines whether or not the project was successful. Managers and owners have the obligation to inspect the results of the outcomes to determine whether or not it is according to the specified plan. In words by Bartlett (2004), managers and owners of organizations provide the first determination on whether or not the project was successful. However, this is usually not an assurance of success. If the production process fails to kick off as expected, the project is viewed as failure. In the case of Woody, the owners of the building did not inspect the manner in which the construction was conducted. After this, the setting off of the production process was very poor. Every single operation was behind schedule as the effects affected the company’s consumer base. It was poor management in that the owners of the company did not come up with any completion procedure after a period of years. There was no plan whatsoever that was formulated to foresee the transition from the old operation syst em to the new one. If the project were properly managed, there would be a procedure for inspection of the building by the owners, acceptance of the new building, testing of the new machines and the launching of the production process. The result of this poor management was harsh. The usual maintenance process carried out after every two weeks did not take place in time. Consumer deliveries were delayed by a period of two weeks. Several contractors also canceled the contracts citing insecurity and exposure to high levels of risk. The sale of finished goods also declined significantly. After the period of two years it was clearly evident that the project was poorly managed. The results seen at the startup after the completion of the project were diminishing. According to Wirick (2011), the success of a project is measured by its ability to comfortably upgrade the production process. In the Woody project this is not evident. To worsen the situation, its normal production process was ne gatively affected. Looking at Woody two years ago, the production process was much better. The procurement process in the Woody project was also tampered with. This can be translated to supply of goods of low quality. Kerzner (2010) argues that the supply of goods during a project is also a key to its success. In a proper managed project the procurement process is easily monitored and certified. In Woody’s case, the payment made to suppliers was not effectively consulted. Paying for services in consideration of

Should we continue to import goods from China Research Paper

Should we continue to import goods from China - Research Paper Example s second perspective is the thought that protectionism (not allowing imports from China) will bring jobs that have been outsourced and entrusted to China back to the United States, resulting in a vibrant, more productive economy. It is a fact that nearly 200,000 American jobs have been displaced by Chinese imports (Scott) in Wal-Mart Corporation alone. Those who hold protectionism as the answer for creating jobs in America hold this example as an expression of an underlying truth: that imports need to stop in order for the economy to improve. However, what is the overall economic impact of saving these jobs? According to an OECD report, stopping imports from China will actually hurt the American economy, costing $2.16 for every $1 rise in tariffs and dropping world income by $0.73. When a country implements such policies, production does indeed come back to that country; however, since they cannot make those goods as efficiently, consumption decreases because prices go up. Less consumption means more costs and a return to the original problem. From an economic perspective, the protectionist argument against importing goods fails. The opposite perspective, that individuals have the right to choose between all available alternatives certainly seems valid, particularly in response to the analysis that â€Å"open markets will be necessary for a sustained economic recovery† (OECD). Trade with China is mutually beneficial for both parties and should continue until it stops naturally. OECD. "Trade and Economic Effects of Responses to the Economic Crisis." 2010. Organisation for Economic Co-operation and Development.