Problem Solution: Remington Peckinpaw Davis Inc.

Remington Peckinpaw Davis is a trading firm, founded by Sam Remington 35 historic period ago. Faced with increasing competition and the internet changing the tone of investment, RPD soon began to make send offs to remain competitive by providing updated products and utility and enhancing their bottom line. RPD developed a strategic implementation excogitation with the primary goal of developing and introducing eRPD, the company?s entranceway into online trading (University of Phoenix, 2008). While this devise was time-phased due to the complexity and expectant number of requests for additions to the system, many problems existed with the project?s plan and RPD was confront with the dilemma of what to do to solve the problems. Phase estimating is used when an erratic amount of uncertainty surrounds a project and it is impractical to enumerate times and costs for the entire project (Gray-Larson, 2005, pg. 135).

Time-phased budget is required to have a timely and reliable cost control, ancestry with the estimated duration for the project and the assigned scheduled time periods to furbish up financial needs for periods during the project?s life. Many blood uses project management tools such as the business bailiwick to manage effectively the project. A business case stern be used to implement a strategic plan to communicate recommendations and align the stakeholders around the recommendations.



The balance Scorecard is a methodology used by some for strategic homework and by others for implementing s strategic plan (Creating a Balanced Scorecard to Measure and Demonstrate Success, 2008).

Without a quick narrow to eRPD?s technological issues, the brokerage firm could face frightening financial loss and market standing.

Describe the SituationIssue and Opportunity IdentificationeRPD face many issues with the implementation of the firm?s strategic plan to provide online trading services. The major issue facing eRPD began with the appointee of Harlan Davis to lead...

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