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CASE STUDIES IN PROJECT MANAGEMENT SYSTEMS

The Museum Company
Jovana Riddle

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However, despite the company’s reputation of delivering on-time
high-quality exhibits among the industry players they encountered a lack of cash inflows during
the progress of the project
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Nevertheless, Oleg Zahar, the newly appointed CEO attempted to solve the problem by
selecting experienced project managers, hiring a skilled project management company that
provided them a four-day training with four modules that consisted of scope, time, costa and
integration and at the end of the course they were expected to apply all their learnings to create
a plan or strategy and execute it
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All efforts mentioned above were done in expectation to solve the problem and to gain
positive cash flows in each phase of their project
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BRIEF HISTORY

The Museum Company was a respectable military contractor, founded in 1977 and known
for building museum exhibits
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The company differs from other industry players due to its
greater concern to quality over the cost of each exhibit that resulted in their negligence in
questioning the price charged to complete the project whenever they were working with the
contactors they were familiar with
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Due to the problems and uncertainties that the company faced, Oleg Zahar, the
newly appointed CEO role was being challenged to completely grasp the concept of baseline
costs whereas it was used to measure and monitor the cost performance of projects and ensure
the profitability of each phase of the project and the completion within the set time or date
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The reason behind this was that they failed to negotiate payment deadlines in advance
of performing/finishing work
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Since the company was short
in cash, they would need to borrow from the bank and pay high interest each month just to fulfill

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CASE STUDIES IN PROJECT MANAGEMENT SYSTEMS
their payment obligations to their employees
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In an attempt to solve the problem, Oleg looked for his most experience 15 project
managers that would help him solve the problem and hired a skilled project management
company to provide a custom-made training program that would help them solve the problem

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