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Your Name: Please Fill Your student ID: Please Fill
Issue / Concept Specific aspect / area of focus Your response Grade & comments
Introduction
Introduction to your project team
and your role within it.
Our team consists of 3 members. The members are namely Lakshan
Sachintha Somapala, with Identity no: 101927236; Akashdeep Singh,
with identity number: 102011046; Ravikiran Reddy Pinikeshi, with
identity number: 101993305. This project is performed under Mr. Kim
Ko. My main role in this project is to collect data regarding the
completion of the project. The role found importance as the projection
of the data management of the project is commenced with the data
that are collected by me during the processing of the data collection.
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Project management
concepts
Comment on the project
significance, aims and objectives
and what you have learnt from this
experience.
[100 words]
Project significance: The main significance of this report is that the
projection of the problems that are present in the commencing of the
JB Hi Fi. This estimation of the issues that are faced by the JB Hi Fi will
help in better functioning of the data management projection. This
project commencement also helps in establishing a reason of that helps
in functioning of the project and helps in the understanding the
importance of the project.
From this project, the main thing that I learned is that before
starting a project the most important phase of the project is analyzing
of the requirements.
/4
Identify and explain one or two key
problem[s] / risk[s] encountered and
describe your response and why
that approach was chosen.
[100 words]
2 key problems that were faced during the completion of the project: 2
key problems that were faced during the completion of the project are
as follows: -
 Security Misconfiguration: Security misconfiguration acts
as one of the major risks that was present in the projection
of the task that was performed by us. The reason for this
risk is that the digital assault of the gadgets. Secured
framework was implemented in the system for mitigating
the security glitches
 Powerless validation is also one of the main risk that was
faced in the course of completion of the project. The
mitigation process that was used for solving this problem

is by using the distributed structure of the project
Team member dynamics
Explain what team dynamics
worked well during the semester
and why. What insights will you take
into future projects?
[100 words]
Team Dynamics: The team dynamics that is used in the prosecution of
the project is all for one and One for all. This team dynamics helped us
in having a better coordination in commencing of the project. This
incurs the fact that the projection of the entire task. The fact that the
dynamic approach that was taken for the commencement of the
project helped us to know each other in a better way. This helped us in
commencing of the project in a more efficient manner. This process
also helped us in understanding the strengths and weaknesses of the
either partner. This helped in better commencing of the project.
/4
Identify one or two key team
dynamics [positive or negative
behaviours / characteristics] which
impacted your team’s performance?
Explain how these were managed.
Describe your key learning
outcomes?
[100 words]
During commencing the project I learned that one of my partner is
really stubborn concerning the necessities of the projects. This is the
main problem that arose during the achievement of the development.
Despite the problems that were faced indulged the fact that the project
was performed with such high accuracy. In case the scrutiny was not
done by the partner of ours, the project would not have been this
perfect. These issue was mitigated with the help of extensive planning
and this is the goal that the plan of the data administration was
processed with such high efficiency.
Team composition and
process
Identify one aspect that:
1. Worked well
2. Did not work so well.
Explain your choice using one
illustration for each from your
weekly progress reports to support
your choice.
[100 words]
One aspect that worked well:
One characteristic that worked well includes the fact that the team
members of our group got well gelled and this helped in better
coordination among the team members of the organization. This is the
reason that the forecast of the statistics administration was achieved in
a better way.
One aspect that did not worked well is the commencing of the project
is that the functioning of the project was not very impactful regarding
the functioning of the data management. This was due to the fact that
the bondage among the partners were very good and this affected he
proficiency of the project commencement.
/2
List clearly the two chosen project 2 project management that was faced during the processing of the /3

Academic theory
management issues / topics from
the chosen international speakers.
Explain why you chose them.
[150 words]
project management are as follows: -
 Improper risk management: risk management procurement
is one of the key motive that the major awareness that
must be met in command to meet the projection of the data
management system. In case the projection of the data
management is not well astonished, the entire project
might fail. During the commencing of the project, the m
main issue that will arise will procure the fact that the
management of the data organization will be achieved with
the aid of the statistics that are generated with the help of
the risk management that is performed.
 Resource deprivation: Resource deprivation is one of the
major problem that affects completion of the project. In
this case the same happened. In this case financial issues
were one of the major reasons that will provide hindrances
in the commencement of the project. in this case the
transcription of the project gets least efficient
For the first issue / topic, identify at
least one academic theory to
deepen your insights into the issue
Briefly introduce [and reference]
your chosen academic theory.
Justify your choice.
[400 words]
The theoretical philosophy that must be considered in the projection of
the issue that is stated above, i. e. risk management is Financial and
Economic approach.
The implementation of the Financial Economic model has been
procuring better management terminology as the data management
system is capable of managing the problem in both theoretical as well
as in practical essence. After proper analyzing of the data that were
stated by the Miller and Modigliani, the theory has been very well
accepted by the global mass. This is the reason that the expansion of
this approach has been this high. This strategy is taken into
consideration as the projection of the cash flow is taken into
consideration in this stage. This approach helps in understanding the
relativity of the financial structure. In this case the financial structure
regarding the corporate stature of the project can be evaluated that
will help in understanding the processing of the informations
management and this is the reason that the commencement of the
statistics management can be performed with the help of the statistics
/3

administration system. In this case the risks that are present in the
commencement of the business management of the project that is
performed gets audited and the financial problems can be evaluated.
This terminology will help in estimating the cost that will be incurred in
the risks that are present in the completion of the data management
and this is the main reason that the projection of the data
administration system. This approach also helps in understanding the
fact that the managerial preferences are selected with the help of the
data procurement will be processed with utmost efficiency.
Implementation of this terminology will be performed with the help of
the Financial and economic prosecution. The main instance that is
being preferred for the better completion of the business
management. This also helps in the completion of the project
management and this is the reason that the implementation of the
Financial and Economic approach is done. This approach also helped in
the projection of the tasks that is to be performed. In this case the
implementing Financial and Economic approach will help in
commencing the entire project with highest efficiency. This is the main
reason that the maintenance of the data proclamation will be
performed with the help of the data generation b that will help in
better management of JB Hi Fi project.
Using your chosen theory to explain
how this helps you to gain deeper
insights into the first issue.
[600 words]
Financial and Economic approach defines the acquisition of the
definition regarding the progress of the valuation of the risks that
might affect the functioning of the business management. This method
was first stated by Miller and Modigliani in the year 1958. This Financial
and Economic approach helps in framing a structure and model that
will ensure that the prototype of the entire project is made. This is the
reason that the analysis of the problems that are present in the JB Hi Fi
organization. This is the reason that the proclamation of the project.
This is the main reason that the implementation of the financial
economics, includes the fact that models that are designed will ensure
that the projection of the predictions that will be made during the
commencement of the business management. The projection of the
Financial Economics will help in commencement of the project. This
approach is considered to be one of the most important aspect that
has been affecting the entire process in a positive way. This ensures the
/4

fact that the project management can be performed with the help of
the processing of the proponents of the underpriced elements that are
present in the project. The components that are present in the
commencement of the project gets detected on this process. The main
aspect that is taken into consideration for the projection of the JB Hi Fi
project. In case of completion of the project and implementing the
Finance Economic approach the advantage that are present in the trial
of the management of the entire project. The fact that the
commencement of the project helps in performing the empirical tests
and this is the cause that the prognosis of the data supervision will be
achieved with the help of the data investigating system. By using the
Black-Scholes model, the main advantage that will be gained in the
projection of the project completion will help in better analyzing of the
data that are require for completion of the entire project that is related
to the virtual assistance of the project. The main instance that the
organization that deals with the major factr of the Black-Scholes model
is used in this risk management of the data prosecution. This is the
reason that the functioning of the Black-Scholes model has been
implemented in the effective of the data administration of the
development. This is the sole reason that the functioning of the quality
administration can be achieved with the sustenance of the Black-
Scholes model. The cost that will be obligatory in the operational of the
financial ability that is present in the concern of the data management
and this is the reason that the completion of the project is achieved
with the help of the investigation of the proportionate termination of
the project. This is the reason that the functioning of the data
management can be performed with the help of the Black-Scholes
model. Rational terminology can be gained from the projection of the
Financial and Economic approach. The main advantage that is present
in the communication of the project management that ensures the fact
that the processing of the data management can be processed with the
help of the process designing. This also helps in understanding the
probation of the designing the entire model that helps in better
functioning of the procurement of the project. In this case the
completion of the project can be done with the help of the projection
of the course management that makes the entire project successful.
Process development is also defined in this stage as this acts as a major

reason behind the functioning of the statistics management system.
Identify your new learning and
explain how this insight will
influence you in the future.
[200 words]
After completion of the scheme the main aspect that in learned in the
sequence of the informations organization includes the detail that the
organization process that is obligatory in the functioning of the data
commencement will help in projection of the project management. The
fact that the process of team management. This acts as the main
functioning of the project and the complete project is reliant on the
projection of the team work and this is the reason that the
commencement of the project gets performed in the project
management system. In case the projection of the entire project will
not be possible until there is a better team management and this is
considered too be the secret behind completion of the project in a
successful note. This fact ensures that the projection of investing on
team management gets better with time and this helps in completion
of the project in a better manner. Another instance that is present in
the course of the project completion is that the projection of the
complete scheme can be done with the help of risk management
planning and this is the reason that the better forecast of data
organization can be achieved with the help of Financial Economic
approach.
/2
For the second issue / topic, identify
at least one academic theory to
deepen your insights into the issue.
Briefly introduce [and reference]
your chosen academic theory.
Justify your choice.
[400 words]
The second problem that is present in the course of project management
includes the fact that the resources that are present during the completion if the
project will enhance the functioning of the data management system. This is the
reason that the completion of the task gets affected and the efficiency of the
task decreases. This enables the fact that the commencement of the project can
be performed with the help of the data proclamation theory. In order to
commence the project that is present in the commencement of the functioning,
proper requirement of the project. In case the requirement of the project is not
met with higher instance it is obvious that the proficiency of the project will
decrease. In order to commence the project that is project can be performed
with the help of the collection of the products as the termination of the projects
that are present in the completion of the task will require better arrangement of
the data that are present in the conclusion of the mission. In case of the JB Hi Fi
project, the main problem that is faced during the performing of the
project is the main reason that the completion of the project will get
better with better investment of the entire project. The imposters can
/3

gain access to the data base of the JB Hi Fi project without any proper
authentication of the project. In case the imposters gain access to the
data base of the JB Hi Fi project, the entire data can be used in a wrong
way ad tis will affect the functioning of the project. In order to stop the
projection of the entire imposters and unauthenticated access to the
data base creation of a risk register and functioning in accord to the
system can also be performed. This is due to the fact that the cost that
is incurred in the achievement of the scheme is not provided. In the
case of the political-economic issues it arises because of the strategic
misinterpretation of the scope of the project. For this reasons budget
overrun issues arises in the projects. Due to the project overrun case
the main and a serious concern is the termination of the project. This is
such type of serious issue which is able to terminate the project. The
termination of the project arises because cost the of the project
increases gradually with the time and after a certain period of time the
project execution team becomes unable to run the project further.
Using your chosen theory to explain
how this helps you to gain deeper
insights into the second issue.
[600 words]
It project is always complicated, not just because it requires enough
skill sets, but the technologies need to be managed with expertise.
Although there are various automation tool available, it still requires
the skill set that is managed with the human expertise, which simply
automation cannot do. Most of the IT projects these days implement
sophisticated and advance technology that helps to keep track of
budget, time schedule and work progress. Although these are great
these having all those technology in the project does not mean that the
project is going to successful.
IT projects always have some issues in terms of the project integration
and integration of the technology that is considered for the projects. It
is not possible to predict that if the technology is going to be work or
not. Even if the best effort is made it is not possible to determine that
whether the technology will have some issues and even if any issue is
there in which stage the issue will arise. The issue might be in the
integration stage or in the testing phase. Hence it is not possible to
determine that. In IT is project however the vital step is the integration
of the technology and majority of the issues arises in that process only.
Still there is no rule for that.
The project of virtual digital assistance is one such project that requires
implementation of advance technology. Now these project is not the
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application of a single technology, it requires several technologies of
various level and complexity. Now it might also happen that in the
project of virtual digital assistance the technologies are working fine
itself. But when these are integrated, they might not work as intended.
This kind of issues are very common in IT projects. Now when these
kind of problem arises, it has certain impacts on the projects. The first
and primary implication is the delay in the schedule. Now it is not
possible to design the time schedule based on that there might be
some integration issues in the projects. Hence, best effort are made
that the proper testing and review is done over each of the technology
that is being considered for the projects. After each of the technology is
properly tested and reviewed then only they should be considered for
the integration.
Another issue that is directly linked to projects running out of the time
schedule is the increase in the budget. When budget of the project is
increased it makes the project more complicated and it is difficult then
to redesign the project in a whole new way.
According to the theory of project management, proper development
of schedule and its successful application in the project plays and vital
role success of the project. According to theory both the timeline and
budget is integrated and one depends on another and hence both of
them has to be properly managed. However it does not mean that
leading a project with the appropriate schedule will ensure that the
project is completed in budget. However when a project is not
following the schedule developed before the project is initiated it is
definitely increase the budget of the project. Hence proper time
schedule development and implementation is important. The theory
also specifies that the strategy of developing proper and effective time
schedule is to consider the variation of project scope and requirements
and allow the time schedule to be modified according to that so that it
does not hamper the project progress and ensure that it is properly
executed according to the project requirement of the JB Hi Fi project.
Identify your new learning and
explain how this insight will
influence you in the future.
[200 words]
The project can face a heavy delay due to implementation of various
type of complicated technical solutions. Delay an in every type of
projects reflects a negative impact on the project. The main negative
impact due to the project delay is overrun of the project cost. With the
/2

project cost overrun issue this project can also faces issues like the loss
of productivity, contract expire issue between the project leading
company and vendor and revenue related lawsuit issue. The issue of
the budget overrun is having three type of explanation which are the
political-economic, technical and the psychological. The technical
explanations for the budget cost overrun includes the improper way of
forecasting the market or wrong forecast of the future data and
implementing of inadequate data. Now all of these technologies have
to be successfully integrated and coordinated as well. The main reason
of the psychological budget overrun is the optimism bias decisions with
the market forecasters of with the project forecasters. Also, in this case
there is a scope creep issue where the requirement of the project
increases due to the fault in initial decisions in the project. This type of
issues considered as a common issues in the project.
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Swinburne Harvard Style Guide
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