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Problem Solution: Harrison-Keyes Inc.

“Control is the process of comparing actual performance against plan to identify deviations, evaluate possible alternative courses of actions, and take appropriate corrective action” (Gray & Larson, 2005). A key business process for any project is to know how well it is accomplishing its goals by measuring performance and progress. In reality the theory is not recognized seriously. The Project Management Institute® (PMI®) estimates that the United States spends $2.3 trillion on projects each year. Unfortunately, studies show that most of these projects will not succeed. The Standish Group reports that only 29% of all projects are actually delivered on time, within budget, and to specification. According to the PMI Fact Book, nearly 90% of all companies lack the strategy to manage properly their project portfolio; only 17.6% of companies have standard project management processes in place (Global Knowledge, 2008). Harrison-Keyes’ issues fall into the same categories of......


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Approximate Word Count: 4139
Approximate Pages: 17 (250 words per double-spaced page)

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