Planning Process

Planning Process

The vendor selection matrix is designed to provide optimum selection. The vendor selection criteria seem to be weighted differently from I would have chosen. A successful prioritizing practice presented in TQM magazine used the six sigma project. This project listed experience, process maturity, quality of resources, and track record as important factors when prioritizing (Antony and Banuelas, 2001). These important factors have already included FTI other factors of schedule, cost and financial stability. A company that has experience, proven process maturity, quality resources and a positive proven track record has mastered scheduling and cost efficiency making them financially stable. Another flaw in FTI implementation process is for the chosen project the selecting manager leads the project. This is practical business but I would couple someone with the manager as a form of checks and balance. Allowing another unbiased point of view often leads the way to opportunities for thinking outside the box visioning the future. FTI could streamline the implementation process by using planning and monitoring tools.

The project network tool assist in planning, scheduling, and monitoring project progress. The network depicts project activities in logical sequential order including interdependencies of the activities for completion. The network is the framework for project information system that project managers to make decisions concerning project time, cost, and performance. (Gray & Larson, 2006). Other tools such as Microsoft Office Project or Primavera provide useful progression information for the project manager (Hansen, 2006). Primavera helps select the right strategic mix of projects, assure project, it and corporate governance, enhance processes and methods, measure progress toward objectives and much more (Primavera Website,