This led to financial loss for Corwin and cessation of relations with Peters, an important customer.
Project Selection and Change Management In a Kerzner case study, Corwin Corporation is an internationally known rubber products manufacturer with a reputation for quality.
The company receives frequent requests to manufacture specialty products. However, Corwin selected to respond to a bid from one of its customers.
The project was a complete failure and cost Corwin its relationship with the customer. This case study examines the mistakes Corwin made during the initiation and execution of the failed project.
However, they did not have the internal resources available to take on the project themselves. As a result, they decided to outsource the project and they wanted Corwin to design and manufacture the product for them.
Corwin was initially resistant to accepting the new project. However, Corwin was not comfortable with the required turnaround time.
Peters offered a 5-year profit sharing deal to incent Corwin. Peters accepted the proposal.
The project started poorly. The project manager was not present at the kickoff meeting. In addition, Corwin allowed the customer direct access to engineering and manufacturing staff, which created a considerable amount of confusion and frustration within the Corwin organization.
Continuous change and unclear requirements resulted in inconclusive results and additional frustration. The project quickly ran out of control. Ultimately, Peters terminated the project and Corwin was stuck with thousands of dollars in wasted project expenses.
Major Mistakes Corwin made some major mistakes in its handling of the Peters project. The first mistake was in its project selection process. Although Corwin had a product selection policy in place, they did not formally evaluate the request from Peters against the policy.
Instead, management at Corwin allows the 5-year profit sharing incentive to influence negatively its decision making process.
If Corwin had of followed its policy and process, the project might never have been accepted. Corwin agreed to a fixed price contract. In a fixed price contract, the vendor takes on the majority of the financial risk.
Fixed price contracts work well in situations where the requirements are clear and the vendor is confident that they can meet the requirements for the agreed price. However, the Peters project did not fit the criteria for a fixed price contract.
Peters was only able to provide a rough draft of product specifications. Incomplete specifications are at high risk for change. Changes to product specifications can affect the cost, which can negatively affect Corwin in a fixed price contract.Sep 13, · In a Kerzner () case study, Corwin Corporation is an internationally known rubber products manufacturer with a reputation for quality.
Corwin’s management is conservative and favors expanding markets for existing product over new product development. In a Kerzner () case study, Corwin Corporation is an internationally known rubber products manufacturer with a reputation for attheheels.com’s management is conservative and favors expanding markets for existing product over new product development.
The company receives frequent requests to manufacture specialty products. Case Study - Corwin Corporation March 13th Written by Andreas Sandnes The project going on at Corwin Corporations developed into a disaster. The project is an excellent example of how a project will fail if critical success factors are not stated from the beginning and how easily things can get out of hand.
Corwin Corporation Case Analysis Harvard Case Study Solution and Analysis of Harvard Business Case Studies Solutions – Assignment HelpIn most courses studied at Harvard Business schools, students are provided with a case study.
Majo. Case Analysis Corwin Corporation EXECUTIVE SUMMARY This report has been prepared to examine the reasons why the Peters/Corwin project, instigated in late December , was terminated during the testing phase by the client.
The assignment uses relevant project management and general management theories to evaluate and analyse the Corwin Corporation case study. It presents an evaluation of the identified challenges and seeks to identify the causes which led to the attheheels.com Corporation is a company that is known internationally for manufacturing low-cost.