Name Institution Professor Course Date Project Management Chapter 1 What are some of the principal reasons why project management has become such a popular business tool in the recent years? In the recent past project management has become the norm in most of the companies due to the benefits that are associated to it. One of the reasons as to why it is becoming common is because it maximises resources. The resources may either be financial or human and because they are expensive there is always a need to maximize them through risk management as well as project tracking. In addition project management manages integration in the business. Projects need to be integrated with various business activities processes organizations and systems (Pinto 2008). Project management also controls cost. Some of the projects may be costly and the financial resources tend to be limited and therefore they need to be as drawbacks associated with Rolls strategic partnership with the Airbus consortium. One of the benefits is that it widens customer base for the company or rather the organization. The second benefit is that the partnership would ensure that the company reaches its goals quickly. Strategic partnership ensures that a company produces high quality products hence having a competitive advantage over its competitors. In addition a strategic partner may also offer financial assistance. The partnership is also associated with certain drawbacks which include vulnerability of employee crossover. The other drawback is that disagreements may be erupt in the course of the project and the partner may also not be willing to share the expenses or to split the profits obtained from the project. Discrepancies may also arise from the partnership. Reference Pinto J. K. (2008). The Project Management Institute Project Management Handbook (Jossey-Bass Business & Management Series). Jossey-Bass Inc. Publishers. [...]
Please note attached and complete discussion questions and answer question to case study 1.4 and 2.1. The textbook from this assignment is "Project Management" by Pinto ISBN 9780133798074. Homework is needed by 7 June 2017.