Improving the Relation Between the Term Paper

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It could seem a short-term improvement as the results are analysed weekly, but the weekly analyse is an excellent way of tracking changes efficiently, because it will allow for the project managers to make the necessary changes to the project.

For the risk category, we could include the assumption concerning the competition and the possibility of this strategy to have a negative consequence for the position of the company on the market. But for this reason too, the program is applied in the beginning just in the financial department, so that the negative movements can be evaluated after six months and corrected. The efficiency of the evaluation and control policies are obviously essential.

Concerning the competition, this could affect the company only if information on this program may leak. The risks are two-fold in this case: first of all, the competition might implement an improved program of its own, while, at the same time, it might speculate company weaknesses generated by the program.

As a future positive result, one can mention the possibility to create new rules in the company's process maybe even new informatic programs for the financial department and the other ones, excepting production, department witch will have its own programmes and projects for technological improvement and also for the employees in that area.

The technique applied can be called bootstrapping as it is made in different phases and in different departments.

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This notion means also another risk diminution or risk diversification, but also a spread of risk over a smaller number of employees, by using only one of the departments in the project. A problem with such a technique refers to the deficiency in improving the same program on other departments, even if on the financial one it gave the expected results in the expected time and with all the weekly checks.

This strategy if it's well applied and kept under control it could give very well results in a short time and because of fact that the first department in which the improvements will be made is the financial one. Indeed, the failure of the project in this department is less likely to produce any operational problems at other levels of the organization, as the implications of the financial department in operational activities are minimal. If the project is successful, then further implementation at organizational….....

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