Portfolio AnalysisEssay Preview: Portfolio AnalysisReport this essayIntroductionRiordan Manufacturing roots and core competency stem from Dr. Riordan’s research and development (R&D) focused business model. The focus on R&D has forged a reputation as a partner of any organization with a need for plastic, polymer, and fan component products. Due to the wide variety of applications of these products Riordan has developed longterm relationships in several industries including beverage, medical, and manufacturing. The special focus on research allows Riordan to maintain a strategic advantage over competitors due to the scarcity of knowledge related to the creation of materials that support customer requirements. Riordan’s strategic goals are to:
Riordan Manufacturing: an Industrial Business
The R&D business strategy uses innovative research and development to create a rapidly-forming and sustainable supply chain:
Innovative research, collaboration, innovation, and commercialization help grow the market, help diversify it, and provide the technical support to create high-quality products. In the company’s recent fiscal year, Riordan created more than $1.5 billion in funding (including a $100 million dollar-startup round). The company has also acquired several new manufacturing capabilities (including large, portable, and affordable modular machines) in the form of high quality manufacturing materials. This investment in innovation for long-term growth may help drive the supply chain growth to a level not found anywhere else in the industry. An industry that is growing at unprecedented rate also creates the opportunity to provide a broad range of expertise and business strategy strategies to allow consumers to have a more accurate understanding of their existing manufacturing and consumer needs. It is not uncommon for a company to have large inventory of equipment or to have a large quantity of components. An increasing demand for these items may reduce or prevent manufacturing requirements. With the large, portable and affordable modular machine, designers and engineers can achieve the goal of building a production footprint quickly and effectively while improving process efficiency, reliability, and reliability. Through its extensive research in the field of semiconductor, chemical, and medical-grade manufacturing, Riordan has created a powerful tool to manage manufacturing costs, ensure profitability, predict the level of efficiency and control, and maximize productivity.
Foster Development:
Foster Development is a multi-sensory and multi-technology project designed for developers and companies to find ways to leverage the latest innovations and processes to increase consumer product demand. Created at the intersection of industry and design, the project allows developers to leverage key technologies such as digital inkjet printing (diamandula printing), high-precision fabrication from small-scale manufacturing, flexible materials from fabrication, and a variety of other prototyping techniques to help consumers create their products in a timely, innovative manner. Developers will discover opportunities to integrate innovations and processes and work on developing ways to increase their product demand through product design, production management, support, testing, and promotion. In many cases, they will have a greater ability to leverage the latest technologies and processes to bring about innovations in all directions of product development. In addition, the project will include a number of emerging technologies in a highly-responsive manner. The goal of the project is to be able to leverage all the innovations and processes available to improve the quality and design of consumer products over the medium and long term. Development will include a wide range of prototyping options to enable new business models or to implement emerging services. As designers, innovators and developers who are leveraging current industry expertise and understanding, the project will be able to create a wide range of innovative applications and capabilities. However, in certain cases, the project may be
We will strive to be a solution provider for our customers and not be a part of our customer’s challenges.Long-term relationships will be sought by maintaining rigorous quality controls, innovative solutions, a responsive business attitude and reasonable pricing
We are industry leaders in using polymer materials to provide solutions to our customer’s challenges.We must be focused in achieving and maintaining reasonable profitability to assure that the financial and human capital is available for sustained growth.
While broad in scope the goals outline the focus on helping customers achieve their goals as well as maintaining longterm profitability for the organization. The current project portfolio provided by Riordan will be evaluated to ensure alignment to the corporate goals and minimize the likelihood of misdirected investment on projects that do not compliment these goals. The evaluation will help to clarify the role projects have in achieving goals however, the benefits will still need to be appropriately communicated. As McIntyre states “Whether as an executive or a project manager, the ability to decipher and articulate the organization’s strategy helps ensure projects and their outcomes remain aligned to it” (McIntyre, 2006).
Project Portfolio OverviewAs an input to this analysis Riordan identified 19 different proposed or current projects that require IT services to accomplish. Riordan has a limited number of resources to perform all the requested projects and is having difficulty determining which projects to approve and what priority the approved projects should be assigned. The projects are listed in the order in which they were entered as service request. Any gaps in the sequence identify a project that was either rejected or does not require IT services. A review of the portfolio identified 4 categories which all projects align including Analysis Request, Core Systems and Integration, Network Related, and Process Tuning.
Consequently, Riordan’s analysis and data is divided into 4 groups of projects. Each group comprises of 9 projects, 5 of which is an existing project that has not yet been identified as one of the “Projects identified as a Service Request (SRS)” of the Core Systems review. This process is referred to as the “Docketing process.” These projects are listed in the order which they were entered as the service request and are identified as being a service request or core system component (e.g., “core systems”). These core systems are listed in the order they were entered as a service request. All projects identified as a core system function must also meet the following criteria to be identified as service requests or core system components:
-The project must be part of a “core system deployment” project (e.g., a company is planning new software to connect servers to the Web.
-The project must not serve multiple people or be involved in a large enterprise operation, which will not affect user experience with service request.
-The project must not present major technical issues to be addressed and be integrated into the core system.
-The project may be involved in an enterprise enterprise or its business to which it contributes services (e.g., server, processor, web browser, database).
-The project must identify a “core system component” and be capable of implementing a large part of the web’s functionality within the system.
Projects aligned with Analysis Request where Service Request 12, 13, and 15. Request 12 required an inventory of all current systems used by all business units of Riordan Manufacturing. A project of this nature would likely be used as an input to a strategic roadmap of system implementation and support. Request 13 and 15 involved an analysis of Sarbanes-Oxley requirements as it relates to Riordan Manufacturing and a risk analysis on corporate security (both physical and informational). The SOX analysis would evaluate the performance of current processes against each of the SOX requirements and determine what corrective action is required, if any. “The Sarbanes-Oxley Act created new standards for corporate accountability as well as new penalties for acts of wrongdoing. It changes how corporate boards and executives must interact with each other and with corporate auditors. It removes the defense of “I wasnt aware of financial issues” from CEOs and CFOs, holding them accountable for the accuracy of financial statements.” (Sarbanes, 2006). The security risk analysis would determine risks, likelihood, impact if realized, and mitigation steps. Implementation of an intrusion detection system (IDS) would also be evaluated.
Request 2 – 5, 17 and 20 are grouped under the Core Systems and Integration category. All projects involve enhancements, implementations, or analysis of core systems such as Human Resources Management (HRM), Enterprise Resource Planning (ERP), Materials Resource Planning (MRP) or the integration of data in or out various internal and external systems. The integration could involve creating an Application Protocol Interface (API) for suppliers to receive, fulfill and invoice orders for supply chain management or for clients to place orders, check status or pay invoices.
The third category, including Request 6 — 11 and 18 — 19; involves various network related projects required to manage the ever expanding WAN due to the tremendous growth experienced by the organization, as well as convergence for data and voice traffic on the network. These projects involve updating the WAN and leveraging converging technologies to ensure lean operations that provide agility and supportable infrastructure.
The final two projects, Request 1 and 16 have limited needs for IT services but do require subject matter experts to perform analysis on current processes to determine if any improvements could be implemented to improve efficiency and reduce expenses. In addition these projects will evaluate organizational structure to ensure business unit structure is aligned to compliment the achievement of corporate goals.
Evaluation of Project Relevance to Organizational StrategyEach project will be evaluated on a scale of 0-5 (see below for process) based on each of the four criteria. Management has determined that each criterion will be weighted equally (25% each) for a total of 100%. The assigned score (0-5) on each criterion for each project will be multiplied by 5% to reach a range between 0 and 25%. The total percentage of each criterion will be summed per project to obtain a total score (out of 100%) for the project. The percentage will represent a suggested rank for each project where the projects with the highest score have the highest priority. Project evaluation scale identified below:
Total Value of Project = Total of percentages of each criterion, not to exceed 100%Value of Criterion for Project = Assigned Value X 5%, not to exceed 25% which is the determined distribution of importance of criteria by upper management.
Where Criterion Assessment is:0 — Criteria is not applicable to this criterion.