Chapter 8: Managing Risk: Case Study 3 Student Fund-Raising Project Book Title: Successful Project Management Printed By: Ziping Wang ( XXXXXXXXXX) © 2018 Cengage Learning, Cengage...

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Work with your group membersto deliver a short case report, say 3-4 pages, including background of the case, your analysis, findings, and summary. In other words, you will organize your answer to those case questions to make a report.A cover page is expected.




Chapter 8: Managing Risk: Case Study 3 Student Fund-Raising Project Book Title: Successful Project Management Printed By: Ziping Wang ([email protected]) © 2018 Cengage Learning, Cengage Learning Chapter Review Case Study 3 Student Fund-Raising Project In September at its initial meeting of the academic year, the Council of Fraternities and Sororities (CFS) at Mount Clement University decided to organize a project to raise funds to help upgrade the pediatric intensive care unit at the local hospital. The CFS consists of representatives from each of the 24 fraternities and sororities. There were 15 representatives at the meeting. Although the council members who were at the meeting expressed enthusiasm for such an endeavor, they also raised some concerns, including: What kind of project should we do? When would be the best time of the year to do it? Do we have a goal for how much money we should try to raise? How should we assign responsibilities to all the fraternities and sororities? What about the council members who are not at the meeting? What if they do not support the idea? Are we going to need any money at the beginning to get things going and pay for things like advertising and other necessities? Do we need any kind of approvals? Hannah said, “This is getting complicated. There are a lot of questions and unknowns.” Marcus added, “What if we don’t raise a lot of money? That will be embarrassing, especially if we have to do a lot of work.” Teresa responded, “Sure it may be a lot of work, but we have a lot of people in our fraternities and sororities who we can get to help.” Cathy said, “Maybe we should try to identify what the risks may be, then see if we still think we can do it?” Meghan said, “I’m not going to stand on corners with a can collecting money.” Wendy added, “Me either, but there are a lot of other things we can do to raise money that could be fun for all the students.” “Maybe even get the community to come, too. That will help us raise more money than just from students,” added Sophie. Suli spoke up, “I’m willing to chair a planning committee. Who else wants to be on it? We’ll meet here tomorrow at 5:00. I’ll send an e-mail to the CFS members who aren’t here, inviting them to come. We are going big time and are going to raise a lot of money. Hey, there are risks in anything we do, but they’ll work out. We have got to have a can-do attitude.” Case Questions 1. What would you recommend for the next possible steps? 2. Identify three potential projects to raise funds for the hospital pediatric intensive care unit. 3. Select one of the three projects and identify four risks that could jeopardize the success of the project. 4. Develop a response plan for how each of the four risks can be either avoided or mitigated. Group Activity Divide the course participants into teams of three or four. Have them: Brainstorm a list of eight possible projects to raise funds for the hospital. Agree on one of the eight projects. For the selected project, identify six risks that could jeopardize the success of the project. Develop a response plan for how each of the six risks can be either avoided or mitigated. Have each team select a spokesperson to present their responses to the entire class. Chapter 8: Managing Risk: Case Study 3 Student Fund-Raising Project Book Title: Successful Project Management Printed By: Ziping Wang ([email protected]) © 2018 Cengage Learning, Cengage Learning © 2019 Cengage Learning Inc. All rights reserved. No part of this work may by reproduced or used in any form or by any means - graphic, electronic, or mechanical, or in any other manner - without the written permission of the copyright holder.
Answered Same DayOct 17, 2022

Answer To: Chapter 8: Managing Risk: Case Study 3 Student Fund-Raising Project Book Title: Successful...

Sajina answered on Oct 18 2022
64 Votes
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Title: Project to Raise fund for Pediatric Intensive Care Unit
Contents
Introduction    3
Steps to Start    3
Different potential projects    4
Explanation of Core
Project    5
Examination of Risks and Solutions    5
Conclusion    6
Introduction
    Raising funds for a charity is a great thing. Students like us should come forward for such great work. Although we think fundraising is easy in modern times with technologies, it is not that easy and it is very complicated. Our intention with this fundraising project is to unlock the future of that process. Here we can complete this project successfully with our unity and cooperation without disturbing anyone and without losing anyone’s peace. Successful completion of this project will be a milestone for our Lifeline.
Steps to Start
    We can fundraise in a variety of ways. But no matter what we do these days people see it as negative. There is no point in blaming them. They think so because of the increasing number of scams and crimes. So this project needs to opt for positive publicity right from the start. Those who see and know must understand our sincerity, honesty and hard work. That way this fundraiser will go smoothly and effectively.
First we need legal permission and other permissions to conduct this event. For that we have to convey our project idea to our college authorities and higher officials. Take their suggestions and comments and make necessary changes in our project. With more experience and education, they can point us in the right direction. For that we should explain our ideas through a presentation or notice. It should mention all about our aim, source and what we are doing and who we are.
Then we need a master plan about the project and estimation about the fund and time. What we needed now is the initial fundraising before the main event. There are few things to do in the beginning of the program such as print notices, preparing...
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