Project Management: Planning, Stakeholders, Risk Register, Cost Benefits Analysis

Project Management

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Project management plan.................................................................................................................3
Stakeholders concern..................................................................................................................3
Risk register................................................................................................................................7
Cost benefits analysis................................................................................................................10
Time scale.................................................................................................................................11
Project execution challenges.....................................................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES .............................................................................................................................15

INTRODUCTION
Project management is known as adoption of various practices which is associated with
planning, controlling and execution of a particular project by which project goals can be
achieved in prominent manner (Akkermans and et. al., 2020). Closure of a project is wholly
dependent on closing of the project so that activities of a project is aligned in order to complete
the same within specified time frame. One of the primary objective of a project is to attain high
efficacy and to manage all the coming risk in such a manner that cost can be controlled and
complexities can be handled. The following report is based on project plan of wedding in the
background of Firebird Events Ltd. which consists of decoration planning, management of
catering, invitation, engagement ceremony, pre wedding events, and wedding ceremony. This
report is going to cover risk register in which explanation of risks which are associated with this
report is being demonstrated. Similarly stakeholder analysis is explained which is covering
interest of various stakeholders which are having interest in this wedding event.
MAIN BODY
Project management plan
A project management plan is categorised as a formal document in which various aspects
of the proposed project is inculcated. This plan includes budget, time and other deliverable of the
project by which project can be kept on track along with ease can be provided within project. In
the process of project execution the project management plan is a essential documents in which
plan of action for the project is written and the same is followed within overall journey of
project. For the project of wedding which is taking place in this report in order to execute the
same in most proficient manner and to get high success. With the help of project management
plan high efficiency can be attained in wedding project by which this is highly beneficial for
wedding planner and the parties which are related to this wedding. Numerous dimensions are
existed within project management plan and the same are elaborated as under:
Stakeholders concern
Stakeholders are known as the parties which are having high interest with the running
project and those are having direct impact from the event. These are known as the personnel with
the help of them project activities are carried out (Borkovskaya, 2018). For wedding event their
major stakeholders are suppliers, resources manager, government ad many more. Stakeholders

analysis is one of the crucial process which is associated with managing programs in such a way
that high efficacy can be attained while executing project. This analysis is helpful in designing
program in a way that all the associated parties to the project can be benefited by which impact
on the project can be easily enumerated. In order to examine interest of stakeholders in proper
manner this is necessary that stakeholders are managed in a proper manner. Firebird Events Ltd
is one of the prominent event planner in UK and their stakeholder are their staff, directors,
government, suppliers and many more. The interest and relationship of various stakeholder are
elaborated as under:
Stake holder's name Reason stating their
Interest
Whether they are in
or against Against
What is done to
manage them
Staff These are having
high interest in the
project as these are
the individuals who
are responsible for
appropriate execution
of the project. Staffs
are helping the
company in
managing brand
image of the
company as their
work is the reflection
of Firebird Events
Ltd. Staffs are highly
emphasised on
gathering
information from
various resources so
that wedding event
can be made
This project is giving
positive implications to
the staff in which their
career opportunities can
be enhanced. Similarly
this project is leading
the staff of Firebird
Events Ltd to grow with
their career and
enlighten the same
(Darling and Whitty,
2016)
The entire workforce
of Firebird Events Ltd
is obtained with high
benefits from this
project.