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Case Study : A Nut- Shell Essay

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Summary
In a nut- shell, this case study tell us about a big project which faced so many problems within one year of project execution. The completion of this project was 3 years with a large budget of $50M. But due to problems the CHEMICS insurance company decided to update all their processes and systems. This project effect all the departments within the company.So a management team with hired consultants and some members of insurance company was formed.Moreover there was no project manager for this case study.After completion of one year there was no single project built and checked so senior management recognized that anything was not going as they expected so lots of issues were discovered.Management failed to solve many of the problems and issues,so confidence among the employees decresed.Three vendors were changed within a year.Also $10M was spent on this project, but no result was found.After all these, management realized that something was going wrong and they need some changes to overcome the problem.
Recommendations:
• Proper management and communication would help to overcome these
• From intial point to final point phase, risk management should be perfomed correctly.
• Participation of stakeholders is must in project with full involvement.
• Vendor selection should be done with appropriate research which doesn’t effect in situations of changing three vendors in a timelimit of a year in Chemics project.
• Projects like CHEMICS should be performed under precise

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