ASSIGNMENT 6: PROJECT MANAGEMENT | My Assignment Tutor

MANCOSA: MBA YEAR 2ASSIGNMENT 6: PROJECT MANAGEMENT (ELECTIVE80DUE DATE: 08 OCTOBER 2012Question 1 Read the following case study of Corwin Corporation (adapted from Kerzner: 2003) and answer the questions that follow:By June 1983, Corwin Corporation had grown into a $150 million per year corporation with an international reputation for manufacturing low-cost, high-quality rubber components. Corwin maintained more than a dozen different product lines, all of which were sold as off-the-shelf items in department stores, hardware stores, and automotive parts distributors. The name “Corwin” was now synonymous with “quality.” This provided management with the luxury of having products that maintained extremely long life cycles.Organizationally, Corwin had maintained the same structure for more than 15 years (see Exhibit I). The top management of Corwin Corporation was highly conservative and believed in using a marketing approach to find new markets for existing product lines rather than exploring for new products. Under this philosophy, Corwin maintained a small R&D group whose mission was simply to evaluate state-of-the-art technology and its application to existing product lines.Exhibit I: Organisational Chart for Corwin CorporationPresidentVP Marketing Gene FrimelMarket SupportContractsDick PottsVP engineering Dr RoyceProject ManagementR&D Dr Reddy Dan WestVP – Manufacturing1Engineering SupportCorwin’s reputation was so good that they continually received inquiries about the manufacturing of specialty products. Unfortunately, the conservative nature of Corwin’s management created a “do not rock the boat” atmosphere opposed to taking any type of risks. A management policy was established to evaluate all specialty-product requests. The policy required answering yes to the following questions:• Will the specialty product provide the same profit margin (20 percent) as existing product lines? • What is the total projected profitability to the company in terms of follow-on contracts? • Can the specialty product be developed into a product line? • Can the specialty product be produced with minimum disruption to existing product lines and manufacturing operations?80COURSE AND ASSIGNMENT HANDBOOK: JANUARY 2012 INTAKE

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