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Business Acumen for Project Management Simulation Introduction Welcome to the PAREXEL Business Acumen for Project Management Workshop. A core part of the program is the EnviroAid Business Simulation. The simulation is designed to be an integrative experience, allowing you to explore and practice decision making skills and behaviors in a challenging business setting. You and your fellow participants will be organized into teams. Collectively, your team will assume the role of a Project Leader in a fictional company called EnviroAid. The simulation will present your team – the Project Leader – with a variety of financial and operational issues and challenges. Our class will have teams working in parallel in the same role and with the same information. During the program we will compare the decisions and results of the teams to deepen our understanding of the financial dynamics of leading a project and the key levers of financial performance that a Project Leader can influence. © 2018 Insight Experience, Inc. 2 Developed for PAREXEL.
EnviroAid Business Overview EnviroAid Business Overview EnviroAid provides environmental monitoring and remediation services on a project basis to industrial and technical clients. Monitoring services are provided to support a range of needs, including the environmental impact of new construction, compliance with the emission or environmental impact regulatory requirements of ongoing operations or even during decommissioning of major facilities. Engagements are long-term, with engineers often located at the client site. EnviroAid provides clients with the planning, project management, independent sampling and environmental oversight required. The company’s services meet all applicable local government environmental regulations. Business Performance EnviroAid has grown rapidly as the market for its services has grown over the last 15 years. For a significant period, EnviroAid was the only competitor offering monitoring services and could price to deliver a healthy return to shareholders. In the last 3-5 years however, competition has increased and growth has slowed as some clients develop the capability to conduct monitoring services internally. As the Environmental Services market has matured, EnviroAid has experienced flattening growth and a reduction in its financial performance. Lately EnviroAid has lagged behind its competitors in the market in Operating Income performance. EnviroAid senior management has therefore recently focused on increasing the financial acumen and understanding of everyone in the organization. EnviroAid Organization EnviroAid has multiple business units, each with a local staff and functional support. The monitoring work is done in two geographic units: Domestic and International. Your simulation team will take on the role of a Project Leader working in the Domestic Monitoring Organization. In order to meet its Operating Profit goals, EnviroAid expects its units to deliver 40% Controllable Margin from the business unit to the corporation. © 2018 Insight Experience, Inc. 3 Developed for PAREXEL.
PAREXEL Business Acumen for Project
Introduction Introduction © 2018 I
Introduction © 2018 Insight Experi
Project Margin and Profitability Pr
Project Margin and Profitability ©
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