Wk13_Mahfoodha_Lesson Learned


  1. Problem Definition

Projects are generally unique and vary from one to the other especially in terms of purpose, cost, magnitude and the timelines involved. However, the processes to conduct the projects are similar and hence the lessons learned from each project could be used and utilized for other projects.

Takatuf –PMI program is about to conclude, and there were definitely many lesson learned from this experience. Each and every project within the program was a challenge and delivering the requirements provided a wealth of lessons to be captured and interpreted in our future ventures. The intention of this blog is to capture the lessons learned from this program and perhaps find a manner to implement them in future programs.

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WK12_Mahfoodha_Best techniques of Dashboard Performance


Problem Statement

The company I am working in currently is a projectized organization. The work we are handling is basically managing multiple projects in order to develop and build an operating refinery.  This involves a continuous form of meetings and reporting to various stake holder (whether it was a shareholder or contractor) that sometimes require quick decision making.  This calls to use a tool such as dashboard performance reporting where it is an easy to read information management tool that illustrates visually KPIs, metrics, and other key data points relevant to a business, department, or specific process. Currently the most common visual illustration report is an S Curve reports which is a representation of the projects performance in terms of schedule and cost i.e (SPI and CPI). These reports often lead to further questions that require further explanation that these graphs do not fully cover. This leads to the topic of this blog; can we have a more comprehensive dashboard that could illustrate key aspects of the project in a simple graphical manner that give status summary in brief and trigger early warning alert that would allow for prompt action and decision making.

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WK11_Mahfoodha_Full Analytical Criteria Method


 

  1. Problem Definition

As a project Engineer for a Refinery many tasks are critical and pipelined to be delivered almost at the same period. This calls for task prioritizing.  However, on many occasions this is not properly done which results in multi-tasking and eventually re-working. Work prioritizing would assist in completing tasks on time and quality. Hence the topic of this blog which is selecting the best method to priorities the tasks.

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Wk10_Mahfoodha_Best Selection of Investment in Properties using Noncompensatory Models


 

  1. Problem Definition

I have recently decided to invest in property.  The property market in Oman is currently in a stable condition which is an indication of a good time to invest in properties. However in order to decide on what type of property to buy, an analysis on the best selection is to be conducted. This is hence the topic of this blog

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Wk9_ Mahfoodha_Why the Takatuf Teams’ Blog Posting is out of control?


  1. Problem Definition

In the previous two blogs an SPC analysis was conducted on the Team Blog posting. The results illustrate that the Team blog posting is out of control. A team member conducted a survey on the difficulties on posting a blog each week. Warning letters were sent to several non-active members of the team in order to get them back to track. This blog will evaluate the reasons behind the  blog posting delays.

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Wk8_ Mahfoodha_ Enhanced SPC of Team Takatuf Blog posting


  1. Problem definition.

In the previous Blog a statistical analysis was conducted on the blog posting data of the whole team. This exercise is essential to measure the current status of the project and allows the team to monitor, control and improve the performance of the process for the rest duration of the project.   Based on the previous analysis this blog’s topic will be enhancing the results of the SPC conducted on the teams’ blog posting by reducing the limitation as much as possible. This will allow the team to explore manners of improvements in this project.

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WK 7_Mahfoodha_ SPC analysis for Takatuf Team blog posting project


  1. Problem definition.

In the previous Blog a statistical analysis was conducted on the blog posting data in order to be validated measured whether the process was in- control or not. The outcome of the analysis proved that the data was valid. However, to further the investigation on this topic a statistical analysis will be conducted on the whole Takatuf- PMI- 2014 teams’ data. As illustrated in the previous blog this exercise is imported, as it provides a tool to measure the current status of the project and allows the team to monitor, control and improve the performance of the process for the rest duration of the project.

Hence, the topic of this blog will be analyzing statistically the process of blog posting for the Takatuf PMI team using SPC methods and explore manners of improvements.

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WK6_Mahfoodha_Process Control Analysis on the Blog Posting Data


  1. Problem definition.

In the previous blog posting an analysis on the learning curve over the blog posting was conducted. The main target of the post was to forecast the production time for each blog posting during the upcoming weeks of the program. This will then be used to re-baseline the blog posting project. However, before initiating this process the data of the blog posting should be first validated and analyzed. (SPC) Statistical Process Control method will be used to analyze the data in order to determine any variation in the process and consequently control it or perhaps even optimize it.

Therefore the topic of this blog will be analyzing statistically the process of blog posting using SPC methods and explore manners of improvements.

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WK5_Mahfoodha_ Learning Curve Analysis


My Learning curve

1.    Problem definition.

It has been now 5 weeks since we have kicked off the Takatuf PMI program. The workload has increased exponentially and so is the individual learning curve. In order to properly plan the upcoming work-, a workload histogram was analyzed in my WK2- blog post. For this blog post, the information obtained from wk-2 blog post will be used to analyze the actual work done and the Learning curve as an outcome of the work performed.

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W4_Mahfoodha_Stable Trading Currency


Stable Currency for Trading.

Problem Recognition and Definition

Currency is commonly known as an accepted form of money, including coins and paper notes that is used as a medium of exchange for goods and services [1]. It is the basis of trade and hence the basis of the economy’s health and stability. The official currency of Oman is the Omani Rial. One Rial is equivalent to 2.59067 US Dollars. In 1986, the national currency of Oman was pegged to the US dollar. Taking into consideration that Oman is one of the countries producing crude oil, it was a practical step to peg the national currency to the US Dollars. As it was evaluated at the time, for an open economy such as the Omani’s, the fixed peg to the US dollar provided a source of stability that allowed promoting trade and investment. Therefore, all investments in Oman are carried out with the US Dollar currency. However, as noted in the recent years, the US Dollar has shown increasing volatility in the current currency market index. Global reports indicate its instability is due to various factors such as inflation, political and economic fluctuations. This formed the requirement to investigate an alternative stable currency for trading and investment for a stable Omani economy. Hence, the topic of this study case.

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