(20 points) You are the General Manager for a service company that employs 1,500 people who produce high quality technical products for worldwide distribution. Your company is in a very good market position and you have superior products that customers are willing to buy at a premium. Future market prospects look very good. You receive a visit from your Human Resources Director and she relates some sobering news. Half of your senior staff (25% of you entire workforce) will be eligible for retirement in the next five (5) years. These experienced people are the backbone of your company and you fear you will not be able to compete effectively without them. What strategies would you employ to overcome this potential problem? Text book: Project Management: A System Approach to Planning, Scheduling and Controlling Author: Harold Kerzner Solution Description : 1)Company is well known in Technical product 2)Products are highly demanded by customer 3)1500 Qulaity & effecient workforce 4)Future market is very good 5)Customer buy at premium rate Stratgeis : Problem Statment :Half of senior staff (25% of you entire workforce) will be eligible for retirement in the next five (5) years Following are the startegies : 1)Give service extension to some Employees who are key resources 2)Appoint as a Consultant for dedicated work to retired employees 3)Appoint as a visiting or part time work to retired employees 4)Give traing to junior employees ,as we have still five years in our hand ,Five years is not a small time.In this junior employee can be well trained. Strategy No 4 is good from company cost point of view.

1. (20 points) You are the General Manager for a service company that employs 1,500 people who
produce high quality technical products for worldwide distribution. Your company is in a very
good market position and you have superior products that customers are willing to buy at a
premium. Future market prospects look very good. You receive a visit from your Human
Resources Director and she relates some sobering news. Half of your senior staff (25% of you
entire workforce) will be eligible for retirement in the next five (5) years. These experienced
people are the backbone of your company and you fear you will not be able to compete
effectively without them. What strategies would you employ to overcome this potential problem?
Text book: Project Management: A System Approach to Planning, Scheduling and Controlling
Author: Harold Kerzner
Solution
Description :
1)Company is well known in Technical product
2)Products are highly demanded by customer
3)1500 Qulaity & effecient workforce
4)Future market is very good
5)Customer buy at premium rate
Stratgeis :
Problem Statment :Half of senior staff (25% of you entire workforce) will be eligible for
retirement in the next five (5) years
Following are the startegies :
1)Give service extension to some Employees who are key resources
2)Appoint as a Consultant for dedicated work to retired employees
3)Appoint as a visiting or part time work to retired employees
4)Give traing to junior employees ,as we have still five years in our hand ,Five years is not a
small time.In this junior employee can be well trained.
Strategy No 4 is good from company cost point of view