First Security Bank of Cleveland Executive Summary The First Security Bank of Cleveland is a banking institution that has concerns in the manner that its growth is taking. Tom Hood, the president has been in engaged in coming up with a computer technology for the banking company. With the concerns being raised based on the growth rate of the company, variations that have to be taken with regard to project management have to be integrating. This will make it possible for the company to be able to compete in the bigger levels in the banking industry. In the application of the computer technology, the First Security Bank will meet with some difficulties of varied forms; there arise issues in the applicability of the technology. This hence calls for constant evaluations for the project to be in line with the objective of the company, which in this case is to elevate its growth rate and be able to compete with other bigger companies. In the management of the projects, the company will have to engage the employees so as to bring about effective application of the project. Their duties will have to be dynamic and clear for everyone to follow. In line with the changing environment, First Security Bank of Cleveland will have to make use of internally developed managers who salary and wage administration is consistent with the others. The application of the computer technology with appropriate management and skills it is bound to be well effective. A good project management is all including as well as well divided so that the responsibilities and tasks are well coordinated. Every department is well connected and should not interfere with the operations of the other but work towards meeting the company’s objective. Questions and answers section What are the major problems identified in the case? The First Security Company has been faced by major problems in terms of integration with regard to size and complexity of the computer project. The problem lies with the inability to handle the new technology. The project management application has two sides which is the people and technology. The problem faced by the First Security Bank is faced by the problem of authority and responsibility. The computer technology applied by First Security needed that approximately 50 percent of the projects to coordinate with a number of departments (Gray, and Larson, 2011). Problem in a functional manager being performing different functions and level of authority in the varied departments, him or her becomes a support group in one department and a project manager in another. The application of smaller projects would bring about a number of structures which will make it hard for the employees to adapt to the changing environment. Authority and responsibility is undermined with the introduction of new computer projects. This is based on the evolving responsibilities and a variation in reaction to the outside and internal adaptations. The person who is accorded the responsibility of defining the responsibilities does not comprehend the complexity of the actual shape of the task. The lines of authority are not in line with the responsibilities for the company to succeed. The president of the First Security has noted that the application of one person to operate in varied departments is bound to bring confusion and favors for one department over the other one. There is the problem of the salary and wage administration that results into creation of empires. There is also the lack of good managers that have a consistent salary and wage administration. The company faces the problem of the salary and wage administration not being in line with the opportunities that is offered. What are your solutions to the above question and problems? Based on the problem of authority and responsibilities not matching up to the needs of the organization can be solved by clarifying the duties of each and every person (Philips, 2004). Every department has to make clear its objective. After setting the objective, they are then rated based on how the objectives have been acquired. It is necessary that the ones receiving are incorporated, for instance, if the head is not the recipient then he or she will not be relevant to be undertaking the rating. The integration of everyone makes everyone to be responsible to the organization. Concerning the problem of lack of good managers for the First Security Bank, the company ought to bring up good managers from within the setup of the company (IBM, 2011). This will be viable keeping an adequate salary structure that offers equal opportunities for all. The other problem concerns the issue of salary and wage administration program. The structure of the salaries and wages ought to be maintained so that an adequate framework is offered so as to bring about equal opportunities (Egyan, n.d.). This program ought to be based on the job evaluation criteria and compensation method for it to be well understood. They are supposed to be in line with the management programs and be inclusive of the employee (Goel. 1984). The plan that is being incorporated has to be acceptable to and looks out for the interest of the recipients who are affected directly or indirectly. Moreover, flexibility and consistency has to be met with regard to the changing environment. The salary and wage administration has to take up a vital be coordinated to other parts of the organization References Egyan k. (n.d.). Unit 19: Salary Administration. Retrieved July 13, 2012, from working conditions, conditions of service. : Gray, C. and Larson, E. (2011). Project Management: The Managerial Process (5th ed.). New York: McGraw-Hill. ISBN-13:9780077426927 Goel. S.N., (1984). Public Personnel Administration, Sterling Publishers Pvt. Ltd.: New Delhi. IBM (2011). Keys to building a successful Enterprise Project Management Office. Retrieved from Philips, W. (2004). Authority, Responsibility, and Strategic Job Descriptions. Retrieved July 13, 2012, from Management Briefing: