Project Management Portfolio Harvard Case Solution & Analysis

Family Road Trip Portfolio

Family road trip itself sounds very exciting and thrilling. We humans because of our busy schedule seek a break to have a sigh of relief which could do wonders over the period of time. Family road trip can sooth the entire family and make them productive at their work and jobs.

There is a number of ways through which vacations can be planned. In our case, we have planned a road trip from Switzerland to France which is exciting. I have start edmy family road trip. It seems to be tedious at first, but it will eventually prove to be exciting.

Adopt System Approach toAnalyze anInitiative

There are various aspects which are critically requiredto be taken into account. The planning is to be initiated with theamount of work and time needed for successful and thrilling family trip. The one, who most probably fails to plan the beginning, would most likely fail to plan.

  • All the crucial elements which are highlydependent on each other have their own characteristics and must be taken into consideration. Each and every elements must be understood properly.
  • There must be certain objective and goals, it is necessary that the manager of the family road trip project keeps on working towards fully understanding thesignificanceand importance of the project results.
  • There is a need to determine all of the inputs and kept added or constant whenever required. There are various external inputs which can influence on the results of the trip such as money, quality as well as time. The inputs can be transformed into results or outputs in project progress towards the end outcomes.

Project Management Portfolio Harvard Case Solution & Analysis

Business Initiative/Project Using Weighted Approach

S.NO. Requirements Priority Switzerland to France

Score

Switzerland to France

Weighted score

Switzerland to Australia

score

Switzerland to Australia

Weighted score

1 Low Time 3 2 3*2=6 1 3*1=3
2 Low Cost 3 2 3*2=6 1 3*1=3
3 High Quality 5 5 5*5=25 4 5*4=20

 

The weighted score can be calculated by multiplying the priority with the each requirements score.

The time required to reach from Switzerland to France is 7 hr. 10 minutes, while the time require to reach from Switzerland to Australia is 16.3 hours. The low cost incurred on travelling from Switzerland to France as compared to Australia due to the low time required. The quality of the trip is fairlyimportant as it scaled on 5.

Ordinal priority scale is defined below;

  • 1 means that the requirements is not much important as the taken requirements are significantlyimportant so they are not scaled number 1.
  • 3 means that the requirements is important, on which the time and cost is prioritized.
  • 5 meansthat the requirements is essential as the quality of the trip is ranked on number 5. There should be no lacking of this requirement (What is the Weighted Scoring Method?, 2011).

Project Stakeholders

It is to ensure that the expectation of the directly and indirectly connected stakeholdersareset with respect to thedirectlycommunication during the period of time.Unreasonable as well as irrational expectation might lead to and bringundesirablepressure or strain but above all of the facts, there is a need to embrace each and every moment whether it isbad or good, as the family road trip is a thrilling adventure...............

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