ATP Life Assurances Case Study Example | Topics and Well Written Essays - 1250 words

ATP Life Assurances - Case Study Example While it sounds like it would take much time to monitor each IT project, the company already has formed a very solid routine for doing this every time it needs to. Each IT project is measured in order to make sure it is both efficient and effective while it is being developed, and after the analysis, either a red, yellow, or green label is placed on the system to demonstrate the status of the project. Some of the projects are actually analyzed more than once-these projects are those that are considered "more important" for a variety of reasons. Senior line managers, the Managing Director and chief operating officers are all provided with a monthly report regarding the status of projects that are valued at more than 250K and those that deal with important strategic content. Still, the company does even more to assure that the projects are successful. Another extra step is taken by ATP Life Assurance by using an investment-tracking database for each IT project in order to analyze costs as they proceed. Doing this gives the company members a chance to decide quickly whether a project should be pushed or pulled depending on the financial status and other items that are reported to the employees (Obrien and Marakas). I feel that these six key items are important because they will provide the stakeholders as well as the employees with a basic understanding of what each IT group concept needs to review for success. First, any project should always be initially organized, whether it appears that it may be initially successful or not. The key ideas and concepts need to be organized and keyed in by IT so that they can use the information for the future. The next key concept is to discuss the project, in order to make certain that everybody is aware of what is going on. This would also allow others to contribute their own thoughts or ideas to the project in order to make the project the best it could be. Next, the work flow is a very important item to consider. Work flow can make or break many projects, and a timeframe is always important to determine the success of a concept. How much time should be invested in it Is there a cut-off here When should the company give up on the concept (Seven Steps) Al l of this needs to be taken into consideration. It is also important for the company to set reasonable objectives when forming a project. If a company shoots for notions that are too high, it can devastate its feelings of morale and have an overall negative effect on its employees. However, if it focuses on achieving something much below what it might have been able to do, it is not performing to its full, effective value, which is also a problem. Some kind of happy medium must be found in this concept in order to resolve the