Stakeholder Communication Analysis
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Added on 2021-02-20
Stakeholder Communication Analysis
Added on 2021-02-20
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APPLIED PROJECT
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3Project Risk.................................................................................................................................3Work Break down Structure........................................................................................................5Stakeholder communication analysis..........................................................................................5Net present value.........................................................................................................................6Monthly Progress Report............................................................................................................7CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONProject report is prepared to understand the progress of the project during particular timeperiod. It helps the stakeholders to determine that whether the project is progressing or not.Aussie Vacancies is a travel agency which provide qualified self-catering accommodation totheir customer. It was started by David Martin and John West in 2010. There business is rapidlygrown and able to achieve goal and objective. They earn $6.5 million every year and run theirbusiness with 85 staff at 2 offices. The report highlights the different risk associated with theproject like market risk, financial risk, technical risk, people risk etc. It explains the differentactivities of the project by work break down structure and Gantt chart. It also explains thestakeholders' communication analysis to create positive environment and understanding forinitiating the project. The report also highlights the use of net present value for identifying thatwhether the project is benefited for the Travel agency or not. The monthly progress report willhelp Aussie vacancies to estimate the progress and status of project at different time interval.MAIN BODYProject Risk1.Market Risk: The major risk which is associated through market is relating to facinglosses in respect of reputation. In these factors, If the IT project creates a new product inmarket, and they are planned with all the activity which result in facing risk in marketthan such strategies is useful and innovative for market. The users will avail suchproducts if the IT department promotes such products in right way (Melendez and et.al.,2017). If the Travel agency bring products in market they are also facing risk. Thus, itbrings more competitors in market for the same products. In this project, Aussievacancies is launching the new websites to attract the customers interest thus, Peter Clay,IT manager had to use innovative technology to attract large scale of customer towardstheir travel agency business. 2.Financial Risk: The project which is related to internet based system requires lot offinance to engage the business activities for long term growth (Hwang and et.al., 2016).In that case organization had already make budget to implement such system in betterperspective. Thus, Aussie vacancy can afford to bring such project in their business sothat they can manage the project in more structured way. Due to changes in time,Customer are preferring more innovative technology to book the services online. Thus,
through this perspective, the financial resource which is invested in organization is thebest way to make the project successful.3.Technological Risk: The main objective of the Aussie vacancy is to reach to largenumber of customers and avail the best online services in respect of online booking.Thus, to initiate with any project technology plays an important role. Technology helpsthe Travel agency to determine the various aspects and needs of the customers and trackthe record to analyse their interest in travel agency business (Sobol and Fadeev, 2018).Thus, to bring business online or by promoting the websites through digital platform,innovative technology is to be adapted to get frequent reviews from customers and alsorisk is associated in respect of customers making online booking. If the booking is notconfirmed by the Travel agency or their booking not reach to Aussie vacancy, in thatcases risk occurs. In order to bring new technology is market, it also results in facing lackof data protection security.4.People Risk: In this case, the project related to internet based system requires skilledperson to handle the issue which is raised by customer at the time of viewing the Travelagency profile. Thus, project manager is appointed to tackle all the department employeesand assign the task which is to be accomplished within stipulated time period. In case ofAussie vacancy, the new project which they are working for is related to online websitesfor booking (Parihar, Bhar and Kumar, 2015). Thus, in this case E-con is the projectmanager of the Travel agency which is also playing the role of most of the developmentwork in the project. As senior mangers support or handle the project matters is case ofabsence of project manager. The relationship with sponsor and customers are good asAussie vacancy carry a strong brand image and also customer are attracted towards theservices which they are providing. In that case due to having skilled person in premises,sponsor are ready to invest in the available project. If customer get the accurate answersof their queries raised, they are more attracted with the services. 5.Structure/ Project risk: The positive change through which the Travel agency can getby introducing the new project are relating to attracting new customer towards theirservices which the Aussie vacancy is offering (Malik and Singh, 2017). To work on someproject various employees are needed to handle the particular department and carryingsuch activity to get more chances of success. To satisfy a project two team are required
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