Big and Multidimensional Projects Samples †MyAssignmenthelp.com

Question: Discuss about the Big and Multidimensional Projects. Answer: Introduction In the contemporary period, taking into account the inclusiveness and cognitions in different arena of human life, especially in the professional domain, it may be asserted that the projects under taken by people, especially the commercial, industrial or other professional projects, experiences huge dynamics, both in their nature as well as in their size (Memon et al. 2014). Big and multidimensional projects are often undertaken in different industries and domains, which involve large number of people from different specializations and different types of resources as well as operational frameworks. However, these big projects often have a higher rate of failure compared to the smaller ones. Reasons why big projects fail There are different reasons behind the failure of the projects, which are bigger in size, the primary ones being as follows: a) Co-ordination Failure- Often the big projects involve a number of people, each bestowed with different responsibilities, which are again interconnected with each other and need to be coordinated for an efficient operational framework. However, due to the huge domain of the projects it often does not becomes possible for all the people involved in the project to work together in one place or at the same point of time. This often leads to coordination failure, which in turn leads to confusion, and failure of the projects (Cataldo and Herbsleb 2013). b) Risk Estimates from Project Advocates- Another plausible factor behind the failure of the big projects may be the fact that often the risk estimates and the prospects of returns from a project are obtained from the primary proponents of the projects, whose views are often found to be biased towards the success of the project (Thamhain 2013). This often leads to backfire of the projects when implemented in real case scenario. c) Risks of big projects are assessed like small projects- The primary problem, which the organizations often do in assessing the risks of the big projects, is that not they fail to take into account larger uncertainties in the big projects. Big projects are often formed of many small and interdependent as well as independent projects, the execution and success of each of which is necessary for the success of the project as a whole. Thus, there remains the need to take extra precaution regarding the long-term risk assessment of the same (Haimes 2015). Conclusion From the above discussion, it can be argues that there remains significant scopes of failures of the big projects, primarily due to the presence of coordination failure and the faulty risk assessments. However, these problems can be averted by implementing an operational framework with better coordination and more efficient risk assessing and situation handling teams. Big projects, do not necessarily fail, if they are managed properly and efficiently. References Cataldo, M. and Herbsleb, J.D., 2013. Coordination breakdowns and their impact on development productivity and software failures.IEEE Transactions on Software Engineering,39(3), pp.343-360. Haimes, Y.Y., 2015.Risk modeling, assessment, and management. John Wiley Sons. Memon, A.H., Rahman, I.A., Abdullah, M.R. and Azis, A.A.A., 2014. Factors affecting construction cost performance in project management projects: Case of MARA large projects.International Journal of Civil Engineering and Built Environment,1(1). Thamhain, H., 2013. Managing risks in complex projects.Project management journal,44(2), pp.20-35.