Final Project Plan
In the Telecommunications industry, balancing assets and profitability is especially important in the survival of a given company. This is due to the fact that consumers are becoming more knowledgeable and understand the technical aspects much better now than in the past. Customers are always looking for new technological solutions and more bandwidth as their applications are becoming more sophisticated. Small Telecommunications companies, in an attempt to keep up with the technological changes, are moving too fast and often do not properly track their costs. In addition to the technical challenges, new regulatory changes are making hard for CLECs (Competitive Local Exchange Carriers) to compete …show more content…
Each of these metrics can be measured and tracked.
The importance of this project lies in its alignment with the strategic goals and objectives of the company. Strategic alignment is directly related to the fundamental processes used to manage the day-to-day corporate business objectives. This is important to consider when selecting a project. For instance, the selected project for this paper targets the promise to provide world-class services at a reasonable rate. The consumer is heavily impacted with this project as is the company. By redefining how the company thinks about network deployment, the company regains control over its cost structures and position itself to better compete.
¡§Every project manager understands risks are inherent in projects. No amount of planning can overcome risk, or the inability to control chance events.¡¨ (Gray & Larson, 2005) All initiatives have a number of risks associated with them. The key is to determine the potential impact of these risks on the ultimate project objectives and formulate a course of action to neutralize them. For a project to be successful, some emphasis must be placed on risk management. ¡§Risk management attempts to recognize and manage potential and unforeseen trouble spots that may occur when the project is implemented.¡¨ (Gray & Larson, 2005). This paper will discuss project risk management and the first