Your task is to design and implement a new production line to manufacture a new product. One of the key tasks is to consider, how deeply and extensively the different stakeholders should be engaged during the early design phase of the production line. The final success of the project is determined based on the total profitability of the investment after five years of operations.
- Evaluate how the decisions made during the project influence the total value of the investment.
- Understand how the engagement of internal stakeholders and/or early integration of key subcontractors influence project success.
- Identify and manage typical risks in small investment projects.
- •Analyze project success from the perspective of different stakeholders.
- Early stakeholder involvement skills
- Risk management skills in small investment projects
- Project success evaluation skills
- Project front-end management skills
Master level or MBA students
Students prepare for the class by playing a simple project business game, so that they are familiar with the game mechanics. They also receive some information about the investment project, which prepares them for the game. The game is recommended to be played in groups of 2-3 students, so that they can discuss their decisions. After 15 weeks of project activities the game is stopped, and students are asked to give a short report to the management board (teacher) about the status of the project. After this the game continues. In the de-briefing the focus is on analyzing the decisions made during the project and students can also bring up their real- life experiences of similar situations. The learning solution includes materials for 2-3 hours session. The learning solutions can be implemented fully on-line or as part of classroom teaching.
You are working in a company that focuses on the separation and disposal of construction waste. The company is planning to extend its capacity and build a new waste separation production line system, which utilizes latest automation technologies for the waste processing. You have been assigned as the project manager of this project, which includes planning, design and execution tasks. The aim is to execute the project in a sustainable manner – taking into account, economic, ecological and social sustainability in a manner that maximizes the overall profitability of the investment.
After playing the game the student is able to
- Explain the basic principles related to project cost management
- Make informed decisions that take into account the circular economy perspective
- Understand the importance of stakeholder engagement and its implications for project performance
- Deal with various sources of uncertainty i.e. weather risk, safety, quality and sustainability related problems) that influence project implementation
- Control the project and align resources to deliver the project on time and within budget
- Understand the importance of project planning decisions in the execution and operations phase
- Fundamental project management skills
- Project sustainability management and circular economy management skills
- Project stakeholder management skills
- Project uncertainty and risk management skills
- HSEQ management skills
- Project planning skills
Bachelor level students
Approximately 90 minutes
A group assignment, for which students receive a pre-reading materials that provides them with the basic project information. They need to estimate the investment costs and determine the budget for the project based on the information, as well as conduct an initial risk analysis. After playing the game, the students can engage in a post-game analysis and assess project performance and the impact on the made decisions on it, conduct a detailed risk analysis based on the events they faced in the game, analyse how their decisions affected the circular economy index and provide key learnings. After this, afacilitated discussion on the learnings is then provided by the teachers.