Advanced business analytic Essay Example | Topics and Well Written Essays - 1250 words

Advanced business analytic - taste ExampleThis paper is an executive summary of the case take up on Project prep and reckon success by Dov Dvir et al.The increase in the management of business by brooks and the increase in the complexness of interpret management The fact that planning is integral to project management is being analysed in this paper. The authors through an empirical compend present the benefits of project planning for success in projects. The paper also presents an analysis on various aspects of project planning and project success from various perspectives.Project Planning Project in itself is considered as a unique endeavour to accomplish a specific or a slump of goals Richard due north (2005). He further states that the project being the integration of a set of complex tasks makes it nett that planning is an essential element for success. Furthermore, it is also agreed that the planning is a complex process and non always achiev adapted in case of pro jects as the outcome of a project tend to channel with the end user requirements.Although it is widespread that the project planning is a complex process not able to accomplish in its entirety for a project, the process of not creating a plan would probably overtake to failure as argued by Dov Dvir et al (2002). The authors also state that a milestone based planning of the projects is a more successful and reliable method of planning as opposed to the planning in its entirety. The fact project planning provides a scope for the project and through the setting of the milestone the members of the project team gain an idea on what is to accomplish which provides a perspective on the sequence of tasks to be performed. It is imperative that the project captures the end-user requirements comprehensively in order to successfully complete the project to the expected specifications. The Richard Newton (2005) further argues that a successful project manager should give sizeableness to every detail in capturing the end-user requirement more than planning as planning is an integral part of the project whilst the former is the compositors case for the mere existence of the project itself. Alongside, the planning using milestone is also approved to be a far easier approach to project planning as the details to how the milestone is achieved is up to the individual acting the project task rather than the project team as such. Success Measures Success in projects is measurable under four dimensions argued by the writers as mentioned below 1. Meeting Design Goals The design goals attribute to the true purpose of the project and the reason for the inception of the project itself. This is argued as a critical success promoter to all stakeholders in the projects irrespective of the scope of the project. 2. Benefit to Customer This is the most critical success visor for the project as the end-user is the one who endorses the success of the project. 3. Commercial success 4. Future PotentialThe last 2 success dimensions are not always measurable as in the case of the case study on hand where the research is conducted on the data hive away from Israeli Defence Forces. Research methodological analysis and data A quantitative research analysis using statistical methods was conducted by the writers to analyse the importance of project planning and success criteria in Israeli Defence Forces (IDF). The primary research data was collected through questionnaires with weighing the answers in a scale of 1 to 7 where 7 is the extremely incontrovertible answer and vice versa. The research on the data was collected from the personnel and the end-users of the project to identify the success measures and the effects of project planning. With the case research focusing upon the R&D projects in specific, the questionnaire also captured project specific issues in order to identify the role of project