MGMT 530 Managerial Decision-Making_Week 6 and Week 7_Course Project_Answer
MGMT 530 Managerial Decision-Making_Week 6 and Week 7_Course Project_Answer
Course Project: Managerial Decision Making (MGMT530)
The objective of the Course Project is to provide you with practice in creating, justifying, and explaining a decision-making proposal. All elements involved in the creation of this proposal, from problem definition through action plan, must be covered. Further, the proposal, as constructed, must meet the tests of any sound business plan, namely that it has specific and measurable goals and objectives, clearly defined activities, stipulated time frames during which those activities will take place, and clearly defined measurable outcomes.
The subject matter of your paper should be business-oriented in nature and should avoid decisions that depend largely on intuition to solve.
Although the length of the paper is not predetermined, a 10–15 page analysis, including data and appendices, is probably correct. You will also share a summary PowerPoint presentation with fellow students during the Week 6 Discussion.
The Final Course Project Proposal with the PowerPoint presentation is due by the end of Week 7 (graded).
The following outline is required for your Course Project.
• Executive Summary (less than one page)
This summary is a short, carefully worded description of the problem situation that identifies the recommended solution. A brief justification and explanation of the selection method is to be included, highlighting factors that contributed to selecting the recommended alternative.
• Decision Problem Overview
Describe the nature and scope of the decision problem selected, its history together with causes, and the outcomes of any previous attempts to deal with it.
In order to define the problem correctly, the following questions should be addressed.
• What is the general nature of the problem?
• What event triggered the situation?
• Are we imposing any constraints on the situation?
• What are the underlying elements of the problem?
• Are there dependencies on other decisions?
Briefly introduce the key decision elements—objectives, alternatives, consequences, and uncertainties; details are to be discussed in the following sections.
• Objectives Statement
Explain each objective in detail. Separate objectives into fundamental and means objectives. A minimum of three objectives is required.
Describe each alternative, and explain how the alternatives differ from one another. A minimum of three alternatives is required.
Describe the alternative recommended and why. Explain the tradeoffs you utilized or present a weighted scoring model. Explain why you feel that this report contains sufficient information to make a decision on the problem. Describe any additional information that would be useful to have.
Explain how you determined the values for each alternative and their corresponding objectives. Show your consequence table, either in this section or as an appendix. Include the bases for forecasts and any techniques or tools used to estimate consequences. Discuss the reliability of your predictions. Indicate what events were considered to be uncertain, explain the probabilities of their occurrence, and what information you used to establish your confidence level in these probabilities. A minimum of two uncertainties is required for the paper.
• Implementation, Monitoring, and Control
This section contains a detailed implementation plan. There will be an explanation of how the recommended alternative will be implemented, resources dedicated to accomplishing it, and key individuals who will be responsible for the plan’s success. Details should be included on how the plan will be monitored, subsequent evaluation criteria, and how the plan can be amended.
• Works Cited (at least two external sources should be used)
Once you have outlined your paper, you should be ready to begin a PowerPoint presentation. As you develop the contents of the sections in your paper, you should extract bullet-point ideas that best express your intended message. If you prefer, use the slides to brainstorm and organize your thoughts before writing the paper. Then refer to your presentation to guide and remind you of the flow of your storyline.
The presentation will be used to showcase your decision problem in one of the Week 6 Discussion topics, where you will receive feedback from your fellow students. This exercise will assist you in finalizing your Course Project prior to submission at the end of Week 7.
A recommended Course Project template can be found here . This document is also posted in the Doc Sharing tab.
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Category Points % Description
Documentation and Formatting 60 25 A quality paper will include an executive summary, decision problem statement, objectives statement, alternatives, selection of alternatives, consequences, implementation, monitoring, control, and references.
Organization and Cohesiveness 60 25 A quality paper will include an introduction based upon a well-formed thesis statement. The logical order of the content will be derived from the thesis statement. The content will be properly subdivided into sections derived from the outline. In a quality paper, the conclusion will summarize the previously presented content, and will complement the thesis statement from the introduction.
Editing 24 10 A quality paper will be free of any spelling, punctuation, or grammatical errors. Sentences and paragraphs will be clear, concise, and factually correct.
Content 96 40 A quality paper will have significant scope and depth of research to support any statements. Relevant illustration or examples are encouraged. A quality paper will employ sound use of reasoning and logic to reinforce conclusions.
Total 240 100 A quality paper will meet or exceed all of the above requirements.
Week 1: Determine your Course Project decision problem you want to research.
Week 2: Identify and share the decision problem for your project in the third Week 2 Discussion topic (ungraded).
Week 3: Identify objectives and alternatives for your project.
Week 4: Identify the consequences and tradeoffs for your project.
Week 5: Identify and analyze your uncertainties for your project. Also, make your decision and prepare your initial PowerPoint presentation.
Week 6: Submit a draft of your PowerPoint presentation to this week’s second Discussion topic, and offer feedback to at least two other students’ presentations.
Week 7: Submit your completed Course Project and finalized PowerPoint presentation to the Dropbox.
The following are the best practices in preparing this paper.
• Cover Page— Include who you prepared the paper for, who prepared it, and the date.
• Table of Contents— List the main ideas and section of your paper and the pages in which they are located. The illustrations should be included separately.
• Introduction— Use a header on your paper. This will indicate you are introducing your paper.
The purpose of an introduction or opening is to
1. introduce the subject and why the subject is important;
2. preview the main ideas and the order in which they will be covered; and
3. establish a tone of the document.
Include in the introduction a reason for the audience to read the paper. Also, include an overview of what you are going to cover in your paper and the importance of the material. (This should include or introduce the questions you are asked to answer on each assignment.)
• Body of Your Report— Use a header titled with the name of your project. Then proceed to break out the main ideas. State the main ideas, state major points in each idea, and provide evidence. Break out each main idea you will use in the body of your paper. Show some type of division, like separate sections that are labeled; separate group of paragraphs; or headers. You would include the information you found during your research and investigation.
• Summary and Conclusion— Summarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report. Minor details are left out. Summarize the benefits of the ideas and how they affect the tourism industry.
• Work Cited— Use the citation format as specified in the Syllabus.
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