Team Collapse at RWH - 3340 Words

19240502776220Managing Organizational Change 66.601.061 Online 63.671 Section 062 00Managing Organizational Change 66.601.061 Online 63.671 Section 062 13716004347845Submitted by:Blake BamfordMaria Siena Banaag Yu Cheung Submitted to: Professor Diane VacarraDue date: October 5, 2014 00Submitted by:Blake BamfordMaria Siena Banaag Yu Cheung Submitted to: Professor Diane VacarraDue date: October 5, 2014 3810005976620190502219325Case Analysis Team Collapse at Richard, Wood, Hulme, LLP 00Case Analysis Team Collapse at Richard, Wood, Hulme, LLP EXECUTIVE SUMMARY SITUATION ANALYSIS Established in 1998 by Chris Richard, Gemma Wood and Lauren Hulme, Richard, Wood and Hulme LLP (â€Å"RWH†) is a financial services firm†¦show more content†¦The audit would likely take a longer period of time to complete than the promised two and half weeks (the audit team completed the audit in this time frame in 2007) due to a) the expectation that extra work would be required related to possible asset and receivables write-downs as a result of the economic downturn; b) some accounting policies had been changed, which led to more time required from senior associates to help guide junior associates and co-op students through the company’s new set of circumstances and c) since the tax team did not attend the planning meeting, Dee and Michaels had to allocate time to answer their questions during the audit. The audit team did not receive necessary information from Spector in a timely manner. It was not until the third day of the audit that the team began receiving the needed information. For two days of the audit, Noth and Patel were likely not making any contributions during the time they should have been working from home (about 20 hours combined). Michaels had to restart 25 hours of work due to client revisions to forecasted financial information. The senior associates leading the audit refused to allow idle personnel at the firm to assist in speeding up the audit for fear that adding team member unfamiliar with Spector would cause further delays. Two of the senior associates, Ellis and Dee, were fired because they did notShow MoreRelatedTeam Collapse at Richard4120 Words   |  17 Pagesï » ¿Written Case Analysis Due Case: â€Å"Team Collapse at Richard, Wood and Hulme LLP† 1. OVERVIEW AND ANALYSIS: A senior associate at Richard, Wood and Hulme LLP (RWH) was amazed at the speed with which the audit team for an important client for the firm was rapidly falling apart. Two members had just been fired presumably because they did not pass their chartered accounting qualification examination; team morale had become non-existent; there were difficulties in completing the engagement due toRead MoreTeam collapse at Richard Wood and Hulme LLP2321 Words   |  10 PagesTeam Collapse at Richard, Wood, Hulme, LLP Executive Summary: SITUATION ANALYSIS: James Michaels was a senior associate in the Richard, Wood, Hulme, LLP. He assisted with junior associates and co-op students with resolving questions in addition to completing his own audit work. He worked in a team to audit Spectors business in these years. In 2008, Michaels faced some problems: the audit started on November 3, 2008 and was supposed to be completed by November 19, 2008. The deadline was a strictRead MoreProject Mgmt296381 Words   |  1186 PagesLeadership skills G.1 Project leadership 10.1 Stakeholder management Chapter 11 Teams Chapter 3 Organization: Structure and Culture 2.4.1 Organization cultures [G.7] 2.4.2 Organization structure [9.1.3] 9.1.1 Organization charts 1.4.4 Project offices Chapter 4 9.2 Building the team (.1.3) [3.5.3] [App G.2 Building teams] 9.4 Managing the team 9.3.2 Team building activities 9.2.4 Virtual teams 9.3.3.1 Team performance [9.4.2.2] 9.4.2.3 Conflict management 9.3.2.6 Recognition and awards