Consultantation for Lightning Fast

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The board of directors of Lightning Fast have become increasingly concerned about the theme park’s decline in sales and profitability over the last 6 months. The company have hired your services as a project management consultant to undertake detailed analysis of its current business activities and its software systems to enable it to overcome these difficulties and restore the confidence of its key stakeholders.

produce a report (1500 – 2000 words) encompassing the following:

Part A (1500 words):
Analysis of visitors to the theme park has revealed that 90% are UK based whilst only 10% are foreign tourists. Identify 2 projects e.g. a new ride, developing a hotel complex etc. which would make the park more attractive to foreign tourists.
Justify why these projects are suitable and explain they will create business “value” for Lightning Fast and will allow it to boost its sales and profitability.
Based upon your findings select of one of the projects you have discussed and explain to the board of directors why they should proceed to develop it with immediate effect.
Estimate the RBS (Requirements Breakdown Structure) for your selected project.
Consider the 4 quadrants of the Project Landscape and briefly explain which quadrant your project lies within.
Explore how the project will allow the company to restore the confidence of its key internal and external stakeholders. Remember to support with reputable wider reading and reference this in full.
You may wish to undertake PESTLE, Porter’s 5 forces, SWOT and stakeholder analyses to increase your knowledge and understanding of the subject matter being investigated. If this is the case – these supporting materials should be placed in the appendices and referred to within the main body of your report.
Part B (500 words):
Lightning Fast currently uses Project Libre (https://sourceforge.net/projects/projectlibre/) to develop, manage and control its projects. However, its project managers are becoming increasingly dissatisfied with its facilities. You are required to download this software and enter the precedence table shown below.
You are required to briefly appraise Project Libre’s features, advantages and limitations.
Identify two alternative project management software systems which could replace Project Libre and evaluate their features, advantages and limitations.
Based upon your analysis select one of the “two alternatives” and recommend to the board of directors which one they should buy. Explain the rationale for your choice.

Sample Solution

prompting them to reduce their holdings of real money balances (Niskanen Center 2018).

It’s apparent that the Venezuelan government spending is significantly exceeding that which it is taking in and therefore putting them in a budget deficit. The government ceased releasing statistics with regards to the magnitude of the country’s budget deficit a few years ago. Nevertheless, reducing it is deemed a prime concern. However the CIA have estimated that the deficit is approximately 46% of the countries gross domestic product during the period of 2017 (Bloomberg 2019). One approach in hope of restoring Venezuela’s previously satisfactory economy, is for them to loan a significantly large amount of money – $60 billion over the period of three years – to them. Theoretically, this would enable the central bank to terminate the printing of Bolívar’s. This would, in theory, diminish the on going decrease of the Bolívar’s value – which has lost 99% of its value since 2013 (Bloomberg 2019). Similarly, replacing the national currency all together with a more stable currency – such as the US dollar – would be of benefit.

Another commonly identified flaw that Venezuela is victim of, is their reliance upon a single and arguably unstable, commodity – being crude oil. As previously mentioned, the country would benefit immensely from expanding their number and range of export goods. Over the past decade, the difficulties associated with oil extraction and production have seemingly become more apparent. Not only this but the imposition of several sanctions on Venezuela’s oil industry, on behalf of the US, are significantly contributing to the industry’s downfall. The sanctions have meant that the US – one of Venezuela’s key oil associates – are blocked from doing business with Venezuela. They were implemented in hope of pressurising Venezuela’s President – Maduro – into stepping down. Presumably, the sanctions will stay in play until this is fulfilled, therefore broadening their commodities seems to be a favourable move.

Switching from the Bolívar to the U.S. dollar and acknowledging the underlying issue of their high dependence on a – somewhat undependable – commodity in conjunction with other credible government interventions will work best to maximise the potential stabilisation of Venezuela’s economy in years to come.

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