Assessment 3 Applied Project

This assignment discusses various types of risks associated with the Cardio health project, stakeholder communication analysis, Gantt chart, cost analysis, monthly progress report, and project quality management plan.

Assessment 3 Applied project
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Table of Contents
INTRODUCTION...........................................................................................................................3
Identify project risk and its categories.........................................................................................3
Stakeholders communication analysis.........................................................................................4
Ghantt chart..................................................................................................................................4
Cost analysis................................................................................................................................5
Monthly progress report...............................................................................................................5
Project quality management plan.................................................................................................5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7
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INTRODUCTION
In every project there are usually some crucial elements which is considered that are
planning, controlling, executing, etc. however, project manager is required to assign role and
monitor utilisation of resources so that project is completed on time. Moreover, there are many
things which is to be considered in project management. This is because it can highly impact on
project quality, cost, scope, etc. Furthermore, there is need to maintain progress of project as well
so that it is ensured project is proceeding as per plan.
In this assignment, it will be described about various types of risks associated with Cardio health
project. Also, it will be discussed about stakeholder communication, ghantt chart, etc. along with
it, cost analysis of project will be mentioned and quality management plan.
Identify project risk and its categories
In every project there occurs different types of risks which can highly impact on its
overall completion. These risks are uncertain in nature and can occur anytime, anywhere. So, it is
necessary for project manager to identify those risks so that effective and proper measures can be
taken. This helps in reducing impact of risk on project. Apart from it, determining of risk gives
insight to manager and team members about level of risk, its likelihood and what mitigation
measures are to be taken. Similarly, in cardio health project as well the risk are broken down into
various categories. It has enabled in giving in depth info about risks. They are as follows
Market risk – it is a type of risk that is associated with market. In this it may occur that the cardio
health project may fail in organization. The nurse or staff working in it may Not accept this.
Apart from it, patient may not accept this service given to them. However, it may take time for
data to be accessed. Another risk that can occur is some other process or service may be
developed. This will lead to waste in time as well as money.
Financial risk- this risk is entirely related to finance. It may occur that organization may not be
able to afford cost of project. Moreover, stakeholders may not be able it meet financial needs of
project. The NPV may be negative and value of project obtained from it may be low than its
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entire cost incurred on it. Besides that, organization may not be able to afford project progress in
middle of its execution.
Technology risk- this risk can occur due to failure of technology or technical error. In that it may
happen that software or hardware requirement is not affordable by company to be installed in
project. Along with it, the technology may not function properly. This may led to ineffective
access of data and information of patients ECG. Furthermore, any technological advancement
may not be suitable for cloud computing. It can not be used for project or organization may not
be afford it to install in it. Another risk that can occur in this is technical error may result in
failure of entire of project. It can be further broken down as explained
Software- in this there are risk related to software used within project. It may occur that Software
used in that may fail. Also, it can happen that advance software is not affordable by organization.
Moreover, in some software due to technical error software may fail. It can result in entire failure
of project. For example, algorithm installed in software may not be supported by it. The machine
learning software may not be compatible with project.
Hardware- this risk can occur due to failure of hardware components in project. It might be
possible that smart phone, computer, etc is not compatible with it. The project may require high
or advance hardware tools. So it will highly impact of cardio health project. The report may not
be able to download on hardware components. Apart from it, organization may not be afford
such hardware. Cardiologist or patient may not be able to use those things.
Network – this risk can come in it where there might be network error or failure which may
affect on health project. Moreover, when sharing of data there may occur network fault or error.
It will result in impact on entire project.
People risk- it is a type of risk which is related to human resource. The organization may not
have relevant or highly skilled people who are able to handle and manage and complete project.
Also, it may happen that people are not well trained to understand health project. Thus, due to
lack of HR within organization the project may not be implemented on time.t they might not
possess enough experience to deal in project. Moreover, HR working with project may not
understand customer. There might be ineffective relationship between organization and sponsor.
Hence, it will affect on project activity and its completion.
Process risk – there are high chances of occurring this type of risk. Here, project may not be
compatible with present structure or process of organization. There may be entire change in
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process which is not according to organisation. Henceforth, it can led to bringing change in more
process or development in other ss well. However, due to change in process the goals and
objectives are not achieved. In addition, this new process may not be fit into organization
operation. Therefore, it will led to structure changes and impact on project.
So, it is analysed that there are various types of risk associated with cardio health project. These
all will highly impact on project completion. Thus, by taking proper measure it will be easy to
mitigate impact of those risk on project. So, it is necessary for project manager to identify those
risks so that effective and proper measures can be taken.
Stakeholders communication analysis
The stakeholder analysis refer to way of how stakeholders will be communicated. Besides that, it
includes way of how they will be interacted, What process is to be followed, what information is
shared with them. Similarly, in this cardio health project the stakeholders communication
analysis is as follows
Stakeholders Document name Document
format
Contact person Due date
Patient Project report Report Project manager 1 month
Doctors Project report Report Organization 1 week
Cardiologist Software
document
Software Manager 10 days
The above analysis state that in current project the stakeholders to whom communication will be
done sre cardiologist, patient, doctor, they all will be able to get project progress with help of
report. It will enable in analyzing stakeholders needs and making changes in project. Within
particular time period it is necessary to inform stakeholders about project progress. This allows
in creating a strong relations with them.
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Ghantt chart
It is a graphical representation of entire project activities which enable in giving overview
of start and end date of each task. Besides that, in this the duration of each tasks is prescribed as
well which helps project manager find out how much time each task requires. Alongside, it
consists of predecessors as well which state what activity is dependent on other or how other
activity will begin from which one.
Task Name Duration Start Finish Predecessors
Data processing 3 days Thu 4/30/20 Mon 5/4/20
Data visualisation 5 days Tue 5/5/20 Mon 5/11/20 1
Labelling 4 days Tue 5/12/20 Fri 5/15/20 2
Data transformation 3 days Mon 5/18/20 Wed 5/20/20 3
Data splitting 4 days Thu 5/21/20 Tue 5/26/20 4
Modelling 7 days Wed 5/27/20 Thu 6/4/20 5
Testing 9 days Fri 6/5/20 Wed 6/17/20 6
Model deployment 10 days Thu 6/18/20 Wed 7/1/20 7
Monitoring and maintenance 8 days Thu 7/2/20 Mon 7/13/20 8
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Cost analysis
For every project it is important to do cost analysis so that overall costs and expenses incurred
during project is identified. Besides, it gives insight about net present value, profit obtained from
project, etc however, planned and actual cost incurred in project is evaluated as well. The
variation is identified in it.
Activity
Planned
(%)
Actual
(%) Planned Cost (£) Actual Cost (£)
Variation
(£) NPA (£) ACWP (£)
1 1 1 0.29 0.29 0.29 0.29 0.58
2 1 1 2.91 2.91 2.91 2.91 5.82
3 1 1 1.72 1.72 1.72 1.72 3.44
4 1 1 1.53 1.53 1.53 1.53 3.06
5 1 0.8 4.08 0.38 4.08 0.304 4.384
6 1 1 5.97 5.97 5.97 5.97 11.94
7 1 0.35 1.32 0.46 1.32 0.161 1.481
8 1 0.35 2.76 0.96 2.76 0.336 3.096
9 1 0.5 2.75 1.375 2.75 0.6875 3.4375
Total 23.33 13.90 37.2385
Monthly progress report
The project manager is responsible for managing overall progress of project. This has to be
evaluated in particular time period so that project is completed on time. Also, it allows manager
to compare progress with actual one. So, accordingly changes are made into plan and activities.
Task Actual progress to date (%) Total cost incurred to date
A 80% 10%
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B
C
D
70%
100 %
20%
30%
40%
60%
E
F
100%
100%
50%
35%
The above table shows that project progress is going good as compared to planned. But in D task
it is found that there is delay in its progress but it has not impacted on further task that are E and
F.
Project quality management plan
A project quality management plan enable in maintaining the overall quality of project. In this
there are many ways related to how and guide the Program Manager (PM) and project personnel
execute quality management and quality assurance activities for a project or program. The
purpose of the QMP is to describe how quality will be managed throughout the lifecycle of the
project.
Measure Frequency How Source of data
Cost variation Weekly Doing cost analysis Financial data of cost,
in expense,
Time variation Weekly Preparing project
progress report
Gannt chart and
project activity
Technical issues Daily Testing of software
and hardware tools
Technical data
Patient satisfaction Monthly Measuring patient
feedback with goals
and objectives
Taking patient and
cardiologist feedback
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Thus, it is stated that with help of this plan it will be easy for manager to maintain quality of
entire project through out its entire life. There will also help in finding out deviation within
project and making changes in its quality to obtain better and effective outcomes. In this way
project quality will be assured.
CONCLUSION
It is summarised from report that project management require effective monitoring and
controlling. It is important to analyse risk so that its impact and likelihood is determined. Also, in
cardio health project there are various types of risk that can occur such as market, financial,
technology, etc these all can highly impact on project. The stakeholder analysis refer to way of
how stakeholders will be communicated. Here cardiologist, doctor, patient etc are the
stakeholders who will be communicated. Also, cost analysis consists of NPV, variation, etc to
analyse cost incurred in it.
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REFERENCES
Books and journals
Jenkins, A., 2017. Applied Project: Superior Fish & Chips (Doctoral dissertation, The
College of St. Scholastica).
Karls, M.A., 2017. An Applied Project-Driven Approach to Undergraduate Research
Experiences. PRIMUS, 27(4-5), pp.461-475.
Loreto, G., Caggiano, V. and Claudio, M., 2016. Innovation and telemedicine: an
applied project. International Journal of Developmental and Educational
Psychology, 1(2), pp.277-282.
Vale, A.M., Borba, B.S and Santelli, B.S., 2017. Analysis of the economic viability of a
photovoltaic generation project applied to the Brazilian housing program “Minha
Casa Minha Vida”. Energy Policy, 108, pp.292-298.
Ouyang, Y. and Zhang, T., 2017, May. Applying Project-Based Teaching Method in
Electronic Circuit Course. In 3rd International Symposium on Social Science
(ISSS 2017). Atlantis Press.
Balderas, F., Fernandez, E.. and Cruz-Reyes, L., 2017. TOPSIS-grey method applied to
project portfolio problem. In Nature-inspired design of hybrid intelligent
systems (pp. 767-774). Springer, Cham.
Joslin, R. and Müller, R., 2016. The impact of project methodologies on project success
in different project environments. International Journal of Managing Projects in
Business.
Katona, J. and Kovari, A., 2016. A Brain–Computer Interface Project Applied in
Computer Engineering. IEEE Transactions on Education, 59(4), pp.319-326.
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