Scope Risk Essay Example | Topics and Well Written Essays - 500 words

Scope Risk - Essay Example The move towards innovation is necessary as it can be stated that innovation is more important than acquiring the name of best company in the world. The other trend i.e. making shift in global market is necessary as it is regarded as one of the fundamental needs of the organizations in attracting huge customers along with increasing sales (Project Management Institute, 2012). The successful completion of a project requires the involvement of clients and their conduct of activities efficiently. In this case, if there lays the involvement of several members, it can create hindrance in the success of the project. In order to complete projects in a timely fashion by balancing the needs, initially a proper planning of the project would be made along with determining the actual number of members to be included in the project team. Then, proper allocation of tasks relating to the project must be provided to the actual number of members for the purpose of fulfilling the need to freeze project scope in a timely fashion (Global Knowledge Training LLC, 2013). In the context of slower economic growth, one of the viable and valid trends that would emerge is the changing economic conditions of the global market. The fact can be supported with the happening of global recessions in previous few years. Similarly, in the background of shifting global markets, a viable and a valid trend of improving the sales target for future rather than focusing upon developing the existing position in the business market would emerge (Project Management Institute, 2012). Based on the above discussion, it can be affirmed that a few of the factors such as innovation, shift in global market and economic growth are the elements that bring considerable changes in the operations of business organizations and identification of various opportunities. As per my understanding,