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1. Based on Khan's (2006) article, define five major factors that are important in the initial definition of the scope of a project that will help to ensure success.
2. Based on James' (2006) article, discuss five risk areas that are important in keeping projects on schedule, within budget, and satisfy the end-user.© BrainMass Inc. brainmass.com October 25, 2018, 1:41 am ad1c9bdddf
The response addresses the queries posted in 1797 words with references.
//Managing the scope of the project holds significant importance as it ensures the success of the project. Project manger and his team focus strongly on the scope of the project as it outlines the complete project. We should discuss the important factors related with the scope of management after giving a short introduction like this: //
Project management is an important concept that has gained significant importance over the years. It is true that how you operate and complete the project holds a vital importance but more important is how you plan and manage the scope of the project. Planning and managing the scope of the project is the initial stage towards ensuring the success of the project. Five major factors that ensure the success of a project in the scope of a project are project initiation, scope planning, scope definition, scope verification, scope change control (Khan, 2006). All these factors have a significant role to play in making certain the success of a project.
//As we have viewed the different factors related with the scope of the project, we should now discuss them in detail as to get a better understanding of them. First of all, we will discuss the Project initiation and then follow up with the other factors//
Project initiation: This is the first and the most important factor that marks the start of a project. It is also referred as Project need identification which implies reason behind the undertaking of the project and its feasibility from the point of view of various factors. Each project can have a different need and must be identified; like a project can be initiated after looking at the need and demand of the market for a particular type of project. Various other needs that open the gateway of a project are adopting or updating of a new technology by the company, starting up of a new venture, making more improvements in the existing products and services. Evaluating and analyzing the feasibility and viability of the project is the focus of project initiation. Feasibility analysis is done from different perspectives like technical, economic, and financial. Skills of the management, availability of the technology along with various resources that will be needed for completing the project comes under technical feasibility. When a project is analyzed from the perspective of gains and returns besides the cost, they are said to be analyzed for the economic viability. A project is called financial feasible after considering the availability and cost of the funds that are required for the project.
Scope Planning: As the project is approved, to move forward the next factor that is to be considered is ...
The response addresses the queries posted in 1797 words with references.
Organizational Chart - International Business Management
Healthcare in Taiwan
Our company will be a small niche medical company located in Taiwan. The company will employ about 60 people. These employees will consist of operations personnel and company staff such as Medical Doctors, Occupational Medical Director, Registered Nurses, Employee Health Safety staff, and Benefits Advisor. The building itself will have three floors with the main floor being for prescription drug storage, customer service, and offices, while bottom floor contains more offices is primarily for rehabilitation for the elderly and the upper floor will be used for laboratory research and development and diagnostics
The products that the company will hold are products that are affiliated with the ongoing health issues in Taiwan such as, heart disease, cancer, and rehabilitation. The product that will be held for heart disease will consist of Accupril, Inspra, and Norvasc. These medicines are the most prescribed brand name high blood pressure medicines worldwide. They help to treat high blood pressure, heart failure, and easy blood flow through arteries. Cancer products will consist of Aromasin, Camptosar, and Ellence. These medicines are used for the treatment of breast cancer, colon cancer, and the rid of any tumor cells in the body.
With the continuing health concerns in Taiwan the National Health Insurance program accounts for more than 60 percent of all health costs. Taiwan is also very advanced in technology and with that technology used for research and development our company seeks to make substantial profits.
The company will like to expand internationally for various reasons. Taiwan's economy is ranked among the 20 largest in the US. And at the same time, Taiwan also has an increasingly growing population which is spending a big amount of their income on healthcare. There is strong demand in Taiwan for numerous medial products and services. Some of which include those related to orthopedics, rehabilitation, cardiology, and diagnosis particularly pertaining to cancer. Additionally, due to increased male and female life expectancy in Taiwan, the demand for medial products for senior citizens continues to grow. In part, the United States has exported approximately USD 161 million in medial products to Taiwan in 2003 1. For this reason, a distributor in Taiwan can assist US exporters with the process.
Taiwan's market offers ample opportunities for US firms to profit from a strong and growing demand for advanced medical supplies. They have an aging population together combined with other factors such as high population density. In 2004, the average per capita expenditure on healthcare was US$847 of a total per capita GDP of $13,529 2.
Our company will profit from the sales of medial products for the elderly, more specifically for heart disease and cancer patients, two of the leading causes of death in Taiwan. In Taiwan, the overall medical device market is projected to grow at a rate of 3-5 percent per year while implantable devices grow at an annual rate of 6-10 percent2.
The Taiwan market for implantable devices has been growing rapidly as a result of their growing elderly population and patients increased awareness of new implant technologies. One of our company's major forces for improving the healthcare of Taiwan's population are the new innovations in medial devices. Cardiovascular and hear diseases are the two leading causes of death in Taiwan that have highly contributed for the demand of heart implants. The Taiwan market's demand for implantable medical devices was forecasted to reach approximately US$123.4 million in 2005. The market demand grew 29.5 percent from its previous years2. For years the US supplies 90% of Taiwan's vascular grafts, 80% of ACID and artificial heart valves and 70% of intraocular lenses2. Taiwan's economy continues to grow steadily and our company is looking forward to expanding internationally to Taiwan.
Taiwan is the seventh largest trading partner of the US with over US$50 billion in two-way trade . The region is an excellent market for many types of products and services and our company will take advantage of this opportunity. In conclusion, we will provide medical products that will improve the healthcare technologies sector.
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