Here is the background information on your task SoliD is a new arm of a large global financial services firm targeting teens and millennials. The new platform and associated services are meant to appeal to the youth market by being low cost, having low barrier of entry, and super simple to use. In order to make those things happen, SoliD has contracted Accenture to make two things happen with a specific timeframe. One, SoliD, with the guidance of Accenture, must apply for and acquire many approvals from various governmental entities. Timing on these applications and obtaining approvals are well understood and critical due to the small application windows and the Accenture consultant's availability to complete all the necessary paperwork. Any rework would be costly and should be greatly avoided. Simultaneously, a simple, modern phone app must be launched. The initial app Is to be released while the approvals are underway. The purpose of the first editions of the app is to bring awareness to the upcoming service, the new brand, test designs and language, and collect user interest, which could segue into potential early adopters.

1. Review the project terms and summaries.
2. Evaluate the intended outcomes, environment, and stakeholders of the projects.
3. Prepare a 1 - 3 slide proposal of your recommendations and rationale for the most suitable project management approach or approaches for each of the projects or the projects collectively. Summarize in bullet points the aspects and needs of the Government Approvals project and the Mobile App project. List or explain the project management approach along with the rationale as to why the approach is most ideal.

Global Approvals Project

Project Needs Project Approach

SoliD Mobile App Project

Project Needs Project Approach

below is the types of approaches that you can use:

Plan Driven Project Management As the most traditional method of managing projects, Plan Driven project management or sometimes referred to as Predictive aims to plan as much of the scope, costs, schedules, and resources as early and as thoroughly as possible to minimize waste due to misalignment, uncertainty, rework and changes. Controlling expenditures, resource allocation and utilization, schedules and deadline, quality standards, and stakeholder requirements are critical to the success of the project.

Agile Project Management Agile methodologies aim to embrace changes early and often in a project to reduce the impact of changes later. This is accomplished with shorter timeboxed cycles to produce work, gather feedback, and iterate based on feedback and learning. Allowing and encouraging change is crucial. Being transparent and honest enables teams to get more input on work in progress and ability to adjust quickly. Scope and outputs may shift, expand, and/or contract as the product evolves.

Second Agile Project Management Agile methods are best suited for smaller, more self-organizing teams. Self-contained teams allow more ability to inspect and adopt faster and with less overhead or dependencies. Nevertheless, as organizations grow and more teams require greater communication and collaboration to fulfill common goals and objectives, there must be frameworks in place to support larger coordinated efforts. Operating agile at a larger scale demands more visibility and synchronization. This includes within the near-term timeboxes as well as within longer-term initiatives. For instance, related teams or programs may allocate an entire sprint primarily for planning and coordination. This enables teams to better forecast what they may be doing or leading towards. But more importantly, it allows the teams to uncover where and when they depend on each other. Teams can see farther out and understanding the cross team relationships to achieve various aims. Then throughout these program iterations, teams meet regularly to stay in sync or coordinated.

Hybrid Project Management The approaches of project management do not need to be mutually exclusive. There are times when aspects or techniques from one method can be incorporated from those of another. This blended approach can support those projects that can benefit from elements of the various approaches. For instance, teams may want to follow the pre-determined timeboxes of agile teams, yet maintain more traditional long-range planning. This enables teams to be aligned in the cadence of other teams while retaining their predictive plans.