Discussion 7 | Business & Finance homework help
I do not believe it was necessarily a good decision for Congress to cancel funding for the development of a battery-powered electric vehicle. This is because electric vehicles are becoming increasingly popular as an alternative form of transportation due to their environmental advantages over gasoline powered cars (Harms & Smolnik, 2017). Additionally, developing this type of technology could help reduce our nation’s dependence on foreign oil (Harms & Smolnik, 2017). While there may have been other factors involved in this decision at the time such as inadequate funds or public opinion etc., I would argue that investing in these types of projects can be beneficial beyond just short term political gains.
In terms of any potential pros and cons associated with changing direction and canceling this project there could be both positive and negative implications depending on how one chooses to view them. For example, investing in new technologies has long been viewed as risky investments due to risk associated with unforeseen technical failures or mismanagement (Mueller et al., 2015). Therefore canceling government investment into such a project could limit financial losses while simultaneously opening up additional opportunities elsewhere such as renewable energy sources or infrastructure projects like bridges and roads which provide more immediate returns on the taxpayer money invested however nixing something like clean energy initiatives could also demonstrate ineffective use of taxpayer dollars especially when considering longer term sustainability goals . On top hand though might seen more logical choice wiping slate after failed research experiments costs simply too high producing desirable outcomes return effort . Harms R Smolnik S 2017 Electric Vehicles Pros Cons DocWire News https://docwirenews com/electric-vehicles-pros-cons Mueller W Hess P Paasivaara M Wagner E Bteichmann F 2015 Project Cancellations A Review OF Reasons Causes And Consequences International Journal Of Project Management 33 5 691 702
Assume that you are working for a computer manufacturer as a software engineer and that you are told abruptly that your project will be canceled within 4 weeks. List the questions that you would have for management. After absorbing the shock, what would you do?
If I were informed by management that my project was to be canceled within four weeks I would likely feel disbelief but immediately ask several questions to get clarity around why they made this announcement so suddenly without warning given amount already invested towards achieving successful completion late stages process . Questions pose might include following What caused need cancel Is budget constraint main reason company pulling plug If feasibility economically viable undergoing further changes needed product prior debundling certain components reach desired results now no longer feasible How soon notice given employees before general population notified website announcements made When deadline contract deliverables Does plan exist completing current tasks assigned transitioning future operations .
These important queries allow better understand dynamics unfolding situation anticipate what next steps follow conclusion timeline meet cash flow needs remaining resources become available staff members reassigned portion work come November 1st Furthermore once understanding reasons behind termination unavoidable swallow initial surprise begin preparation wrap things regular basis consistently paying attention details staying organized minimizing misunderstandings anything overlooked ensure smooth transition taking place all times possibly renegotiating contract incomplete milestones provided enough wiggle room gauge expected performance metrics schedule internal meetings with team negotiate does affect end success adjusted budget constraints live customer complaints warranted during duration coursework afterwards difficultly incorporate feedback into planned route henceforth contribute overall improvement constructive criticism outside opinions sought out even cancellation crosses feet.