Project Management Sample Assignment - 4110 Words

The Association for Project Management (APM) suggests that the project business case provides justification for undertaking a project by evaluating benefit, cost and alternative options. The main purpose is to obtain approval and commitment for investment in the project (Association for Project Management 2006, p.129 and MGT8022, USQ 2013). According to Project Management Institute (PMBOK, PMI 2013), the business case describes information from a business standpoint to determine whether or not the project is worth of investment. It is used as a decision making tool by senior leadership. Based on the above, US Toys business case (attached as Appendix I) is being examined with a review of process and process control, project management†¦show more content†¦One of the key definition of project is a project will have definite start and end time in other words a fixed duration during which resources, tools and organizational efficiencies are logically grouped to achieve an agree d upon outcomes. The business case provides a consolidated and summary-level overview of the project. It should address objectives, critical success factors, and communication plan and measurement framework to measure the work being undertaken. It will form the baseline from which the project planning can proceed (MGT8022, USQ 2013) The more formal business case contains more quantitative information for decision making purposes. Applying these principles to US Toys Business case, it is evident that it does not include detailed quantitative information. Though SOWT/TOWS analysis has been included in the Appendix, it does not cross reference to the main objectives of the purpose. While presenting the business case to the stakeholders, it is imperative to talk about key strengths of the organization and how they can be leveraged to overcome the weaknesses or to exploit opportunities for the benefit of the organization. In addition to this, benefit analysis is shown for the option bein g recommended. This gives an impression of being forced to take that option instead of recommendation. By including benefit analysis for the option 2 outright purchase of a pre-packaged application, business case would haveShow MoreRelatedThe Role Of Personality Traits Of A Leader1023 Words   |  5 Pagestitled as, â€Å"Impact of Personal Growth Projects on Leadership Identity Development,† by Odom, Boyd, and Williams (2012) whose objective was to examine students’ reflection of their personal growth project. 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Effects Of Climate Change On Urban Areas - 871 Words

In today s world, Urbanization has become the most effective topics, where more than half percent of the total population lives in urban areas (UN-Habitat 2009 p. xxii). Growing urbanization has led to many consequences on the environment. As a result, many cities face detrimental effects as the climate is becoming unfavourable daily. This essay outlines the significant impacts caused by climate changes in urban areas and evaluates the effectiveness of mitigation and adaptation approaches to solve these problems. However, the effects due to climate change should be considered and significant procedures should be taken immediately. Climate change is causing several impacts in urban areas. Firstly, climate change has affected the health of people either directly or indirectly. According to World Bank 2009, approximately 70,000 people lost their lives due to several heat waves in Europe in 2003. They have also estimated that these kind of extreme events will increase in the near future. 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Design a Flowchart for a Process Free Essays

When asked to think about a process I wish to improve on for this assignment I decided to create a new process for the completion of my course work in the completion of my MBA program. Throughout the first five classes of my 12 course program I have notice that the difference in grades from an A to a B has come down to my work ethics in classes. There are several factors that have contributed to why I have not been as successful as I want to be in classes. We will write a custom essay sample on Design a Flowchart for a Process or any similar topic only for you Order Now My last course CRIB was a difficult class because I know math is a weaker subject for me and I let that intimidate me. Before that, I have a lot of outside projects I work on including a business startup so it has affected my ability and I was constantly tired from working two Jobs as well. When I finally had the energy to focus on my coursework, I sometime had issues understanding the work or material and although I could have asked being that it’s an online program sometimes I don’t understand math through written immunization. While I did utilized the resources I still did not allow myself to get the time needed to actually understand the work. I ended up missing substantial points on my test. My flowchart design will Include my MBA coursework, and the metrics that will be applied will be time spent and grades and will be used to measure my flowcharts effectiveness. Start Review each class syllabus for the entire class Download all required course material Monday before each week starts revisit How to cite Design a Flowchart for a Process, Essays

Termination and Change of Health Insurance Policy

Question: Describe about the Termination and Change of Health Insurance Policy? Answer: Introduction The insurance intended to claim or use in order to cover the medical expense incurred for the treatment of diseases among the individuals is called as health insurance. The individuals who work with government firms or private sector are usually availing the facility of health insurances. The employer can pay the insurance premiums on behalf of their employees. However some of the employers can collect the premium from the employers. According to annual survey, the annual premiums sponsored by the employer towards payment in order to cover the health coverage for the employee and their family have reached to $16,834 in 2014 (Gary, Matthew, Nirmita Anthony, 2014). The expenses to be paid by the insurer are expecting to be increased day by day toward payment of medical bills. Therefore the insurance companies who are offering the health insurances policies are increasing the premiums and the renewals. By considering these facts, the employers are rethinking in the benefits to be provi ded to their employees. The health insurances offering by the employer or insurance companies have advantages and disadvantages. The present paper describes the advantages and disadvantages of termination of health insurance coverage and moving the employees to the health insurance exchange. Background: The employer has decided to terminate the plan of health insurance to the employees and intending the employees to move towards exchange of health insurance Health insurance Across the world, most people and their family members are getting benefitted form the health insurance through their employer and the health insurance are called as group health insurance. Varity of insurance policies are available in the market to cater the health needs in general and for the treatment of specific diseases in particular (NCCS, 2012). The insurances include comprehensive health coverage (cover all medical expenses including prescription drugs); fee-for-service (pay a portion of bill); managed care policies (care can be provided from the network of participating providers). The insurances can be long term renewable and short term renewable or non-renewable type policies. The plan depends on the employee and employer. In the present case, the employer wanted to terminate the health insurance plan and move the employees to the health insurance exchange in order to avail the purchase of healthcare plans. The probable causes for changing the policy are (i) to minimize th e expenses towards premium to be paid for insurance providers and/or (ii) increase the cost of premiums. Similarly, a company (The International Business Machines Corporation, IBM) was terminated the policy for Medicare eligible retirees due to increase in the projected cost. IBM was exchanged the policy to Extend Health so that the employees can choose the policies as per their requirement (Tyler, 2013). The decision of changing the policy would create competition among the employers and reduces the cost. However the employers who are changing the policies for the wealth of organization would show some potential impacts on employees and employers. The new decision of employer can pose advantages and disadvantages as described below. Advantages The insurance coverage may be chargeable from the employers, if the shift to the other employer may be waived off. Example, Employees from pharmaceutical company-A are required to pay the premium to the employer. If the employees are moved to other company-B may be waived off. In such case, the employees will move to the companies where they get maximum benefits. In another case, if the existing employer is allowing moving the employees toward the purchase of their own plans, it facilitates them to purchase the plans as per their requirement. The decision offers a benefit to the employees who wanted to change the existing employer. The employees need health coverage during interim (transit period) between existing employer and new employer. Certain insurances companies offer such insurance E.g., Cobra insurance (HIA, n.d) offer 18 months health insurance coverage even if they leave the existing employer. The health insurance premiums sponsored by employer are not subject to the income tax (Buchmueller, Carey Levy, 2013). So the termination of plans can not offer any advantage in terms of tax to be paid to the government. The termination of plan and allowing moving towards purchase of plans as per their requirement encourages the new joinees in the organization. It also motivates the employees from other organization those are not offering health insurance plans. Example, one regional pharmaceutical company does not offer the health insurance coverage, whereas multi-national pharmaceutical company do offer the insurance plans offer entire family. In such case, the work force from regional company moves to the multinational company. The new decision may offer the employees to cover more diseases. E.g., certain diseases can be covered in one plan and other can be covered in new plan. E.g., Treatment of cancer may be covered with huge coverage in new plan The termination of existing plan and shifting to alternative plan may ensure coverage for all the family members and all the diseases that the employer do not offer such broad coverage. Hence the new plan may be more beneficial to the employer. Disadvantages Employees with high income, the premium that is deducted from the salary can be considered for the exemption of the income tax. In case of termination of plan can force the employees to pay the income tax. The employers who give waive off in the premiums to be paid towards policies to the insurance providers poses burden to the little earning employees. The employees have to purchase cost in effective plans from insurance providers Dedicated and high caliber work force is the assets for the employer. In some of the situations, such workers are usually adhered to the employer if he/she thinks that the healthcare insurance plans are beneficial to them and their family members (OBrien, 2003). In case of termination of the plan, such work force is difficult to retain at employer. They will rethink of continuing with the employer. The employer who offer good health care plans without charging the premiums to the employees make the employees to stay for very long period at the employer. So the new technologies or initiatives can be expected much from the employer. Sometimes, more stay for the employees also reduces the work output. The termination of existing plan and shifting to alternative plan may not ensure coverage for all the family members and all the diseases that the employer do Conclusions: The advantages and disadvantages of termination of health insurance and switching to other plans are discussed. References: Buchmueller, T., Carey, C Levy, HG. (2013) Will employers drop health insurance coverage because of the affordable care act? Health Aff (Millwood). 32(9):1522-1530.Gary, C., Matthew, R., Nirmita, P Anthony, D (Sep-2014) Employer Health Benefits Survey Retrieved from https://files.kff.org/attachment/2014-employer-health-benefits-survey-full-reportHIA (Health insurance after getting laid off vs quiting vs getting fired, n.d) Retrieved from https://usinsuranceagents.com/health-insurance/insurance-after-getting-laid-off-vs-quiting-vs-getting-fired/NCCS (National Coalition for Cancer Survivorship, 2012). What cancer survivors need to know about health insurance Retrieved from https://www.canceradvocacy.org/wp-content/uploads/2013/01/Health-Insurance.pdfOBrien, E (2003) Employers Benefits from Workers Health Insurance. The Milbank Quarterly 81(1), 5-43Tyler, D(2013) IBM Terminates Company-Sponsored Retiree Health Plan Due To Soaring Costs Retrieved from https://www.zerohedge.com/news/201 3-09-07/ibm-terminates-company-sponsored-retiree-health-plan-due-soaring-costs