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BN205 Project Management |Assignment | MIT

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Melbourne Institute of Technology

   

Project Management (BN205)

   

Added on  2020-03-01

About This Document

BN 205 - This report shall provide an overview of the issue which may arise at the time of project execution phase due to many inter linked activities. So how to make a note of the items which can impact any of the three constraints of a project, then analyze and find the mitigation plan. During the execution stage the risks must be monitored properly.

BN205 Project Management |Assignment | MIT

   

Melbourne Institute of Technology

   

Project Management (BN205)

   Added on 2020-03-01

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MELBOURNE INSTITUTE OF TECHNOLOGYBN205Project ManagementAssignment 1Lecturer, Mr. Sei Olatunbuson Lagoke Usama Qadeer (mit170394)
BN205 Project Management |Assignment | MIT_1
BN205 Project Management (Assignment 1)Table of ContentsIntroduction.................................................................................................................................................2Executive summary.....................................................................................................................................2Background of OIT project...........................................................................................................................2Risk Management Plan of OIT project.........................................................................................................2Identify Risk in OIT project..........................................................................................................................3Risk Analysis of OIT project..........................................................................................................................3Risk response plan.......................................................................................................................................4Monitor and Control Risks...........................................................................................................................4Justification.................................................................................................................................................4Conclusion...................................................................................................................................................4References...................................................................................................................................................51
BN205 Project Management |Assignment | MIT_2
BN205 Project Management (Assignment 1)Introduction The document which defines the processes need to perform to handle risks properly by first identifyingthem, then analyze them and then finally think about the procedures to mitigate them[ CITATIONThe173 \l 1033 ]1 is risk management plan. Risk Management also defines that how to address any risksin case it arises.Executive summary This report shall provide an overview of the issue which may arise at the time of project execution phasedue to many inter linked activities. So how to make a note of the items which can impact any of thethree constraints of a project, then analyze and find the mitigation plan. During the execution stage therisks must be monitored properly.Background of OIT projectOIT stands for Office of Information Technology, the department which looks after the needs related toIT infrastructure maintenance, providing training etc. at Silicon Forest State University. At this universitythey have ticketing software to manage and track the bugs. The users working for interfaces usedifferent software than the server guys who actually perform the job in case of bugs. Due to differentsoftware, manual work increases and so the chances of error. So, head of University IT departmentdecided to change the software of whole university according to that of back end users. Ron Bashleywas assigned the job to act as lead and for supporting him Harry Bonnett and Bob Biyon werenominated but the former is from another department of similar level to Ron and the latter is from theother institution all together. Risk Management Plan of OIT projectThis planning document should become the part of the overall project management. But to discuss itseparately, it is the written approach or procedure which needs to take for different kinds of risks andproject. This document varies from project to project depending on the types, location, culture, hazards,and uncertainties of project. There are few common steps which need to be done to address each riskfirst is to identify the risks and their consequences, then need to do the analysis by providing some moreinformation regarding the probability of occurring the risk and if it happens how much it can impact theproject (called probability impact matrix), on the basis of the analysis the risks are categorized as per theseverity and then plan to mitigate those risks by either eliminating form the project or reducing its2
BN205 Project Management |Assignment | MIT_3

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