Risks in the Project Management Case Study Example | Topics and Well Written Essays - 1500 words

Risks in the Project Management - Case Study Example The author of the paper states that project management helps avoid problems associated with the project (Reiss, 2007, p.2). Hence in order to accomplish a project successfully role of a project manager is significant (Gido and Clements, 2008, p.303). In general, a project is faced with three constraints result, budget and time (Thomsett, 2009, p.7). Therefore to overcome these limitations the control process must have to strong. The case entails about two companies namely ACME fabricators and Arbor industries. ACME fabricator is in the process of setting their new factory and office at a semi-semi-rural. The company is socially responsible and would like their premises to be cleaner and greener. Hence in order to carry out landscaping activities, the company invited tender. Arbor industries, a company involved in the activities of landscaping was selected for the project. In order to ensure representations from both the sides Arbor has appointed a project manager to administer the wh ole process while the finance manager of ACME was given the role of overseeing the project. The project was running smoothly until the newly leveled lawns got damaged due to heavy vehicles. Due to this phenomenon, the first meeting between the two parties took place to decide the issue pertaining to damaging of the lawn. However, to sort out the issue there were verbal agreements between the two representatives. As things started to roll on smoothly, the finance manager suddenly left the company. The new representative who came from the side of ACME was unaware of the verbal contracts and several other internal matters. This has led to huge confusions between the two companies and created dissatisfaction. Nevertheless, the project ended before the deadline but with an exceeding budget. After the completion of the project, the senior executives found that the results were unsatisfactory, and did not resemble the proposed sketch. The next half of the report will discuss the issues rai sed in the case. A post-project review is necessary for the evaluation of project performance (Hedeman, Haren & Heemst, 2006, p.103). In this context, it will mainly sort out differences between the two parties. A post-project review is defined as the ultimate formal evaluation of the project that examines any new lessons which might benefit the future projects (Zedtwitz, 2002, p.256). How would you set about conducting such a review? The assessment is about examining what went wrong with the project and what can be done to enhance the quality of future projects.