(Solved Homework): ou are a top manage who was recently hired by an in Oklahoma to help it more…
ou are a top manage who was recently hired by an in Oklahoma to help it more quickly and proactively to potential opportunities in its market. You report to the chief operating off who reports to the CEO, and you have been job for eight months. Thus far you have come up with three initiatives you carefully studied, thought were and proposed and justified to the COO. The COO seemed cautiously interested when you presented the proposals and each time he indicated he would think them and discuss them with the CEO because resources were involved. Each time you never heard back from the COO, and after a few weeks elapsed, you casually asked the COO if there was any news on the proposal in question. For the first proposal, the COO said, “We think it’s a good idea, but the timing is off. Let’s shelve it for the time being and reconsider it next year.” For the second proposal, the COO said, “Mike [the CEO] reminded me that we tried that two years ago and it wasn’t well received in the market. I am surprised I didn’t remember it myself when you first described the proposal, but it came right back to me once Mike mentioned it. “For the third proposal, the COO simply said, “We’re not convinced it will work.” You believe your three proposed initiatives are viable ways to seize opportunities in the marketplace, yet you
Expert Answer
If I was the manager, providing such proposal to the COO (Chief Operating Officer) of the organization, I would do the following:
- When there are three proposals in my mind, I first do the cost vs. benefit analysis of all the three proposals.
- For all the three proposals, I will write the Business case/Problem Statement, Scope Statements, Risks & Mitigation strategies, Expected Project outcome and timelines.
- At the end of all the three proposals, I would post a comparison chart of all the three proposals explaining the following:
- Particulars of the Idea,
- Project goal, timelines, specific & milestone deliverables,
- References to the past success,
- Project team and inferences of why I choose some of them covering the strengths and weakness of the team,
- Who can be project manager and why, because it is ultimately the people who are involved in the project are going to determine the success & failure of the project,
- CBA (Cost_Benefit Analysis),
- Milestones and Project anticipated results.
- Also COO, typically are strong operations personals who will be most interested in KPI’s (Key Performance Indicators) and how it is making larger business sense and the contribution of it to the revenue.
- With all these clear data points about all the proposals, it is unlikely for the COO to ignore or reject one out of the three proposals.
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