KeflavikPaper Company faces many problems concerning project managementprocess due to inadequate project screening methods. As a result, theinstitution encounters diverse mismatched projects that requiredsignificant efforts in learning and training to develop new skillswhich result in time wastage and unpredicted expenses. The diversenature of the projects hinders the institution’s learningabilities. Therefore, poor project screening techniques only lower aninstitution`s ability to manage its projects efficiently (De,2010).
Theproject portfolio management may improve the situation at Keflavik byrethinking the project selection, evaluation procedures andincorporating alternative project screening methods. All new projectsshould conform to the institution’s goals, and an assessment of theproject managers’ skills should follow (De,2010).The project portfolio management may assist the organization’smanagers to learn the importance of project prioritization.
WidgetsR US Company will have to make sure that it is up to date with themarket trends and that it can be able to predict changes in themarket if it wishes to sustain its competitive advantage. Thecorporation should enhance efficiency in its internal operations sothat it can operate optimally.
Thereare several changes which should occur in the Widgets R US companystructure to achieve efficient operation systems. First, the companyshould create a proper functioning marketing team to attract moreclients and analyze the market trends. The company should ensure thatproper communication systems prevail among all the departments andwithin the departments (De,2010).As a result, the flow of information would be efficient, and thecompany would continue clinging to its market niche.
DeMari, G. (2009). Fiveyears of IT management improvement.Amsterdam: IOS Press.