Assessment 3 Applied Project

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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