Managing a Large Financial Project

950 words 4 pages
Managing a Large Financial Project
Beverley Stephens
Dr. Laurant Jolly
CIS 500- Advance Systems Analysis and Design |
August 9, 2012

Introduction
As the manger of a large financial project for company Bev shoes I am facing some challenges. The project is running behind schedule and we have a new CEO. In the meeting with the CEO I had to make him aware that the project deadline is at risk and his response was to take staff from a project with less importance and put them on the financial project. From the outside this looks like a great solution to the problem because more staff could get the work done faster and put the project back on schedule. I have to disagree with the CEO’s point of view because just assigning more people
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Impact from lack of Process and Standard
A successful project implementation has to adhere to certain standard and process. The person working on the financial project at this time has exhibit this understanding. Just because we are behind schedule for completing this project does not mean that we can just add more resources as the CEO recommended. The result of this would just further delay the project. Taking staff from a lesser important project to work on this financial project means that they lack clarity of the business process. This would require some significant amount of time to bring them up to speed. This new staff would come in with a poor understanding of the business process and ultimately impact the project in a negative way.
Solution to CEO questions
The solution to the problem with the financial project falling behind schedule is to hire consultant with expertise in implementing a financial project of this magnitude. These resources would come with years of experienced and it would be easier for them to understand the business process and the technology architecture. This would put the project back on track to meeting the deadline.
Conclusion
Simply adding more staff to the financial project is not the solution to getting this project back on track to meeting deadline as the CEO recommend. There are key process that an individual needs to understand first before

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