Case Solution & Analysis for Prima: Building Infrastructure for Growth by Chitresh Kumar, Munish Thakur.
Complete Case details are given below :
Case Name : Prima: Building Infrastructure for Growth
Authors : Chitresh Kumar, Munish Thakur
Source : Ivey Publishing
Case ID : 9B16M156 / W16589
Discipline : General Management
Case Length : 19 pages
Plagiarism : NO (100% Original work)
Description for case is given below :
In 2014, the co-founders of Professionals for Resource Identification and Management (PRIMA), an architecture and planning consultancy firm in India, faced several issues. The company prepared feasibility and project reports, and provided project management services during a project’s construction stage for government organizations, the public sector, and the private sector. PRIMA’s consultancy services addressed the restoration of old buildings of historical importance (such as monasteries, temples, and museums), tourism development, urban planning projects, capacity building, and project management services. However, in the latter half of 2008, the global recession made it difficult for new companies to survive, and growth had further stagnated since 2012, with only one new project procured in 2013 and none in 2014. PRIMA’s cofounders were constrained by critical issues in three intricately linked categories: human resources, financial management, and project management challenges. To stabilize PRIMA’s cash flow, the co-founders needed to increase the firm’s project portfolio, which required hiring more people for business development, personnel management, and project work. How could the co-founders build PRIMA’s capabilities to compete with bigger companies in this fragmented but consolidating industry?
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