Project Management Tools
Brooks Corporation (BC) is a technology company that specializes in the design and manufacturing of wireless communication chips with a variety of clients such as Nokia, Motorola, Intel, Samsung and many others. Since its foundation, BC has striven to provide the best customer satisfaction by delivering its projects within the desired schedule and quality. A recent downturn in operations led BC’s main stakeholders to request from senior management an identification of the causes and a cost effective solution. This prompted the formation of an internal team with the purpose of identifying the reasons for the current downturn. The team identified three problems that some of their projects had experienced: reduction of profit margin, negative payoff, and unsuccessful project outcomes. The conclusion of the analysis was that these problems stemmed from the fact that project managers and project teams did not use any risk analysis tools during the development of their projects. For this reason, senior management entrusted the team with the task of developing a company-wide risk management system (RMS) for BC.
Almunif, Munif; Artiga, Roberto; Hallaj, Wajeeh; Munkongsurjarit, Songphon; and Stankovic, Robert, "Risk Management System for Brooks Cooperation" (2009). Engineering and Technology Management Student Projects. 846.