Teradyne corporation: The Jaguar project Case Solution
Jaguar project was first founded in 2001, as a tester platform that can meet the needs of device segments. Filling this demand became the major source of the company’s revenue for 10 continuous years. Jaguar project being the hybrid of Teradyne’s engineering organization of Boston and Agora Hill, became successful after going through various stages/phases. Teradyne. Inc sells semi-conductor test, system test, wireless test, and industrial automation. It was primarily introduced by Alex Arbeloff and Nick Dewolf. Jaguar project later became the hybrid of Teradyne’s engineering organization of Boston and Agora Hill, went through various stages/phases including stage 2 project review, stage 2 sub-project review, Alpha-tech review of competitor system, Teradyne’s bend towards Alphatech, phase 3 shipment to Alpha-tech, software delay phase 4 pushed back, phase 4 review planning, first revised phase 4 review, second revised phase 4 review, and finally third revised phase 4 review. The company is following the major criteria of PRINCE 2 processes and principles.
Starting as a simple tester platform that has net sales of 633.1 and expanded to net sales of 1700 by 2004 was a great achievement for the jaguar project. Starting from stage 2 review to third revised phase 4, the organization witnessed much success, for example, the project’s net revenue expanded three folds in 2-3 years. Some of their strategies that helped it include 3-point strategy, work breakdown structure, critical path, earned value analysis.
Work breakdown strategy ensures high efficiency of work done because it gives the responsibility of small achievable micro-goal to a single individual. It also makes a single individual accountable for a particular job so whenever the record is required can be retrieved without confusion and chaos. This kind of strategy but requires team management in a highly efficient way.
The project’s progress can be measured through another strategy called earned value analysis. The actual cost of work analysis helps us determine the profit or loss that project has brought to the company. It helps understand the company’s true potential. the company knows where it stands in the job market using it. the company can easily forecast which area requires to be invested to expand the business. This kind of analysis can only be useful if mission and vision are clear and discrete but not otherwise case.
The critical pathway was another strategy adopted by the company to understand the rating limiting steps. It provides the company with a guide on the shortest way to accomplish a specific project. It helps omit the unnecessary steps and increase their effort and budget for rating liming steps. It saves a lot of effort and resources and can be a mandatory strategy in achieving profit for a company.
Problems and deficiencies:
According to PRINCE 2 principle, the company needs to learn from each stage. In this case, this learning is based on the result of every sub-stage. It is lacking to a sufficient level in this case. To follow this company should more frequently monitor each stage of a process and do critical pathway analysis more often. The company also priority areas that should be critically analyzed. The lack of a common goal can make a company stretch in various directions and cause losses of resources and effort. A simple common vision that workers bring the worker closer on a single ground and help them make effort in a single direction could have helped the project achieve more profit and expansion………….
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