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Project management-MGT 323

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This document is an **academic project management assignment** tailored for students at Saudi Electronic University, addressing key challenges in organizational management and strategy implementation. Topics covered include asset management, project supervision, and fostering teamwork in expanding businesses. It emphasizes the integration of **artificial intelligence in project management**, showcasing its potential in cost reduction, predictive analysis, and enhanced task prioritization. The document also explores the strategic alignment of business goals through tools like SWOT and Cost-Benefit Analysis. Key terms include **project management**, **strategic planning**, **team collaboration**, and **artificial intelligence** in **business growth**. The focus is on solving practical business problems such as missed deadlines, under-budgeting, and fostering a cooperative work environment. This material is a comprehensive guide for students and professionals aiming to optimize project outcomes and align them with long-term business objectives.

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‫المملكة العربية السعودية‬
Kingdom of Saudi Arabia ‫وزارة التعليم‬
Ministry of Education ‫الجامعة السعودية اإللكترونية‬
Saudi Electronic University



College of Administrative and Financial Sciences

Assignment 1
Project Management (MGT 323)
Due Date: 16/07/2022 @ 23:59

Student’s Name: Name:
Course Name: Project Management

Course Code: Student’s ID Number:
Semester: Summer Semester CRN:
Academic Year:2021-22




For Instructor’s Use only
Instructor’s Name:
Students’ Grade: /15 Level of Marks: High/Middle/Low


General Instructions – PLEASE READ THEM CAREFULLY
 The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
 Assignments submitted through email will not be accepted.
 Students are advised to make their work clear and well presented, marks may be reduced
for poor presentation. This includes filling your information on the cover page.
 Students must mention question number clearly in their answer.
 Late submission will NOT be accepted. Peer-Reviewed Journals are required as
references.
 Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
 All answered must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism).
 Submissions without this cover page will NOT be accepted.
 Do not make any changes in the cover page.

, 1.
The major problem for HGC is asset management and the absence of a strategy to

deliver the business goals. The long-term objectives and goals are well defined, but the

company lacks a plan to accomplish them. Top managers have failed to adjust their

thinking and strategy to fit the new business needs, including increased project budgets.

As the business grows, asset management needs to be adapted to ensure that they

meet the demands of the different departments in the organization.

Another problem is the lack of proper project management and supervision, which have

resulted in wrong budget projections and inaccurate timelines. The business needs close

supervision of the projects to ensure that only those that meet the criteria for proper

project management get approved. The employees in the company require training in

project management to ensure that the projects meet their deadlines and that their

budgeting is accurate.

The employees seem to compete with one another, and there is a need to ensure that

the company fosters teamwork and celebrates group success other than encouraging

individual success. The projects should be allocated to several people to ensure that

collaborative efforts are put into completing the projects to enhance performance.

Unity and collaborative efforts should be fostered in the business now that it plans to

bring in 15 more employees. Creating a healthy working environment will result in

employees' loyalty to the business, and the company will no longer have to worry about

losing its best talents to its competitors.

2.

I. Failure of the projects to meet the set deadlines

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Number of pages
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Written in
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