Case Study: BBS013-1 - Project Management in Mirus IT Solutions
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Mirus IT Solutions
Part 1 & 2
3/14/2020
Part 1 & 2
3/14/2020
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Mirus IT Solutions
Table of Contents
Part 1.....................................................................................................................................................2
Introduction.......................................................................................................................................2
Case Background...............................................................................................................................2
Rationale for Exhibiting....................................................................................................................2
Project Plan Milestones.....................................................................................................................2
SMART Project Objectives...............................................................................................................2
Types of Investment Needed.............................................................................................................3
Feasibility Study................................................................................................................................3
Potential Return on Investments........................................................................................................3
Project Plan.......................................................................................................................................4
Methodology.................................................................................................................................4
Project Scope.................................................................................................................................4
Project Cost Management..............................................................................................................4
Project Risks..................................................................................................................................4
Communication Management........................................................................................................6
Work Breakdown Structure (WBS)...................................................................................................7
Project Schedule – Gantt chart...........................................................................................................7
Conclusion.........................................................................................................................................8
Part 2...................................................................................................................................................10
References...........................................................................................................................................13
1
Table of Contents
Part 1.....................................................................................................................................................2
Introduction.......................................................................................................................................2
Case Background...............................................................................................................................2
Rationale for Exhibiting....................................................................................................................2
Project Plan Milestones.....................................................................................................................2
SMART Project Objectives...............................................................................................................2
Types of Investment Needed.............................................................................................................3
Feasibility Study................................................................................................................................3
Potential Return on Investments........................................................................................................3
Project Plan.......................................................................................................................................4
Methodology.................................................................................................................................4
Project Scope.................................................................................................................................4
Project Cost Management..............................................................................................................4
Project Risks..................................................................................................................................4
Communication Management........................................................................................................6
Work Breakdown Structure (WBS)...................................................................................................7
Project Schedule – Gantt chart...........................................................................................................7
Conclusion.........................................................................................................................................8
Part 2...................................................................................................................................................10
References...........................................................................................................................................13
1
Mirus IT Solutions
Part 1
Introduction
Project Management is a significant aspect of the projects and it is necessary that the
application of the project management fundamentals and guidelines is adequately done. There
are different aspects associated with project management that must be effectively applied.
Case Background
The case includes the company called Mirus IT solutions which is an IT solution company.
The company has to carry out trade show event in London. The event for the organization
will include several steps and activities that will be managed using the project management
fundamentals and guidelines.
Rationale for Exhibiting
Mirus IT Solutions will carry out the trade event show in London so that it may reach out to
its customers. The guests at the event will include the potential customers and will also
include several other tech companies. The organization will get exposure and will get
recognition in the industry and among the customers as an outcome of the successful event
(Alberca, Parte and Rodríguez, 2018).
Project Plan Milestones
Event management plan
Confirmation of the bookings
Distribution of the invitations for the trade show
Conduction of the trade show event day 1
Conduction of the trade show event day 2
Conduction of the trade show event day 3
Closure Report
SMART Project Objectives
There shall be zero tolerance in the project schedule changes and the trade show event
shall be organized on the finalized date.
The tolerance in the final project budget shall have then tolerance level at less than
5%.
The event shall show 100% of the guest and invitees turnout.
2
Part 1
Introduction
Project Management is a significant aspect of the projects and it is necessary that the
application of the project management fundamentals and guidelines is adequately done. There
are different aspects associated with project management that must be effectively applied.
Case Background
The case includes the company called Mirus IT solutions which is an IT solution company.
The company has to carry out trade show event in London. The event for the organization
will include several steps and activities that will be managed using the project management
fundamentals and guidelines.
Rationale for Exhibiting
Mirus IT Solutions will carry out the trade event show in London so that it may reach out to
its customers. The guests at the event will include the potential customers and will also
include several other tech companies. The organization will get exposure and will get
recognition in the industry and among the customers as an outcome of the successful event
(Alberca, Parte and Rodríguez, 2018).
Project Plan Milestones
Event management plan
Confirmation of the bookings
Distribution of the invitations for the trade show
Conduction of the trade show event day 1
Conduction of the trade show event day 2
Conduction of the trade show event day 3
Closure Report
SMART Project Objectives
There shall be zero tolerance in the project schedule changes and the trade show event
shall be organized on the finalized date.
The tolerance in the final project budget shall have then tolerance level at less than
5%.
The event shall show 100% of the guest and invitees turnout.
2
Mirus IT Solutions
The media shall rate the event at 9 or above on a scale of 10.
Types of Investment Needed
Mirus IT Solutions can approach the business partners and shareholders to request for the
funds to organize the event. These firms will be the investments that will be required for
organizing the event. The total budget estimated for the event is £80,000 and the business
partners and shareholders’ contribution will be significant to meet the requirement (Jordan et
al., 2019).
Feasibility Study
Economic Feasibility: Mirus IT Solutions has made it mark among the partners and
shareholders. The requirement funds shall be available to organize the trade show and
carry out the associated activities (Maguire and Hanrahan, 2017).
Technical Feasibility: Mirus IT Solution is a tech firm itself and it shall be able to
manage the technical aspects of the event, such as technical installations of the tools,
etc.
Operational Feasibility: An event management firm will carry out the operations for
organizing and managing the events with collaboration of Mirus IT solutions. The two
parties in collaboration will be able to carry out the required operations.
Social Feasibility: The trade shows are organized by the business firms across all the
scales so that the market reachability can be improved. The same will be feasible for
Mirus IT Solutions.
Potential Return on Investments
The total budget that is estimated for the event is £80,000. The return on investment is
determined using the Net Present Value and Internal Rate of Return (IRR) calculations. These
are determined after applying a discount factor of 7%. The benefits that Mirus IT solutions
will achieve as a result of the event will be increased service & solution requests from the
clients, expansion of market reachability, enhancement of the funds & investments from the
collaborators (Lucia, 2017).
3
The media shall rate the event at 9 or above on a scale of 10.
Types of Investment Needed
Mirus IT Solutions can approach the business partners and shareholders to request for the
funds to organize the event. These firms will be the investments that will be required for
organizing the event. The total budget estimated for the event is £80,000 and the business
partners and shareholders’ contribution will be significant to meet the requirement (Jordan et
al., 2019).
Feasibility Study
Economic Feasibility: Mirus IT Solutions has made it mark among the partners and
shareholders. The requirement funds shall be available to organize the trade show and
carry out the associated activities (Maguire and Hanrahan, 2017).
Technical Feasibility: Mirus IT Solution is a tech firm itself and it shall be able to
manage the technical aspects of the event, such as technical installations of the tools,
etc.
Operational Feasibility: An event management firm will carry out the operations for
organizing and managing the events with collaboration of Mirus IT solutions. The two
parties in collaboration will be able to carry out the required operations.
Social Feasibility: The trade shows are organized by the business firms across all the
scales so that the market reachability can be improved. The same will be feasible for
Mirus IT Solutions.
Potential Return on Investments
The total budget that is estimated for the event is £80,000. The return on investment is
determined using the Net Present Value and Internal Rate of Return (IRR) calculations. These
are determined after applying a discount factor of 7%. The benefits that Mirus IT solutions
will achieve as a result of the event will be increased service & solution requests from the
clients, expansion of market reachability, enhancement of the funds & investments from the
collaborators (Lucia, 2017).
3
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Mirus IT Solutions
Project Plan
Methodology
The trade show event that is to be organized by Mirus IT Solutions will require effective
management of the event activities. The need of a defined methodology will be significant so
that a guided set of steps can be carried out. The methodology that will be used in this case
shall be PMBoK. There will be integrated and effective event management that will be
possible with the application of the methodology.
Project Scope
The management of the scope will be essential for the trade show event as the inclusion of
the out-of-scope activities can cause negative implications on the project schedule and costs.
Similarly, the inability to achieve the activities in the scope can also have adverse
implications. The scope of the project will include the event planning processes, bookings,
invitations to the guests and media, technical management at the event, food & drinks
arrangement for the event, press release, and event conduction as per the program, control &
closure processes (Borndorfer, Lindner and Roth, 2019).
Project Cost Management
The costs estimated for the project are £80,000. The costs for the project include the cost of
the tools and equipment needed for the trade show event, resource costs, cost of booking the
venue, marketing costs, set-up costs, and documentation costs.
Project Risks
The trade show event that will be organized by Mirus IT Solutions will be exposed to several
risks. It will be essential that the effective risk management strategies are applied to make
4
Project Plan
Methodology
The trade show event that is to be organized by Mirus IT Solutions will require effective
management of the event activities. The need of a defined methodology will be significant so
that a guided set of steps can be carried out. The methodology that will be used in this case
shall be PMBoK. There will be integrated and effective event management that will be
possible with the application of the methodology.
Project Scope
The management of the scope will be essential for the trade show event as the inclusion of
the out-of-scope activities can cause negative implications on the project schedule and costs.
Similarly, the inability to achieve the activities in the scope can also have adverse
implications. The scope of the project will include the event planning processes, bookings,
invitations to the guests and media, technical management at the event, food & drinks
arrangement for the event, press release, and event conduction as per the program, control &
closure processes (Borndorfer, Lindner and Roth, 2019).
Project Cost Management
The costs estimated for the project are £80,000. The costs for the project include the cost of
the tools and equipment needed for the trade show event, resource costs, cost of booking the
venue, marketing costs, set-up costs, and documentation costs.
Project Risks
The trade show event that will be organized by Mirus IT Solutions will be exposed to several
risks. It will be essential that the effective risk management strategies are applied to make
4
Mirus IT Solutions
sure that the risks do not occur (Werner, Wang and Gray, 2018). The risk details are included
in the risk register below.
Risk
ID
Risk Name Description Probability Impact Score Treatment
1 Environmental
Risks
There may be sudden
changes in the
weather patterns,
such as excessive
rains, storm, etc. that
may impact the event
conduction.
1 4 4 Mitigation –
Environmental and
weather pattern
tracking
2 Delay by third-
party vendors
The third-party
vendors, such as
caterers, technical
tools supplier, etc.
may delay the
delivery of the tools
and materials.
2 4 8 Transfer –
Specification of
delay outcomes in
the contracts
3 Low Sales of
Event Tickets
The event tickets may
not be sold as per the
expected value.
2 5 10 Avoidance –
Marketing and
advertising of the
event across varied
channels
4 Budget Overrun The project costs may
go higher than the
estimated values
1 5 5 Avoidance – Use of
earned value
analysis technique
5 Conflicts among
stakeholders and
resources
There may be
difference of opinion
among the resources
and the stakeholders
3 4 12 Avoidance –
Collaboration and
cohesion activities
for team-building
6 Absence of key
speaker
The key speaker may
not be present at the
event day(s)
1 5 5 Mitigation –
Alternate speakers
shall be confirmed
5
sure that the risks do not occur (Werner, Wang and Gray, 2018). The risk details are included
in the risk register below.
Risk
ID
Risk Name Description Probability Impact Score Treatment
1 Environmental
Risks
There may be sudden
changes in the
weather patterns,
such as excessive
rains, storm, etc. that
may impact the event
conduction.
1 4 4 Mitigation –
Environmental and
weather pattern
tracking
2 Delay by third-
party vendors
The third-party
vendors, such as
caterers, technical
tools supplier, etc.
may delay the
delivery of the tools
and materials.
2 4 8 Transfer –
Specification of
delay outcomes in
the contracts
3 Low Sales of
Event Tickets
The event tickets may
not be sold as per the
expected value.
2 5 10 Avoidance –
Marketing and
advertising of the
event across varied
channels
4 Budget Overrun The project costs may
go higher than the
estimated values
1 5 5 Avoidance – Use of
earned value
analysis technique
5 Conflicts among
stakeholders and
resources
There may be
difference of opinion
among the resources
and the stakeholders
3 4 12 Avoidance –
Collaboration and
cohesion activities
for team-building
6 Absence of key
speaker
The key speaker may
not be present at the
event day(s)
1 5 5 Mitigation –
Alternate speakers
shall be confirmed
5
Mirus IT Solutions
in advance
7 Technical Faults
during event
There may be some
technical faults that
may be present at the
time of the event.
2 3 6 Transfer – To the
third-party vendors
8 Quality issues The food quality or
the quality of the
event flow may not
be appropriate.
2 5 10 Avoidance – Quality
reviews and audits
for verification and
validation
Communication Management
The communications in the project will be significant and it will be essential that the project
communications are effectively managed.
The internal communications in the project will be managed by organizing a daily team
meeting. All the members in the project team will participate in the meeting and the project
progress will be discussed in the meeting. The other channels that will be used for the internal
communications will be emails and reporting (Langston, 2015).
The external communications will also be essential in the project. The external
communications will be conducted by organizing a weekly team meeting. The use of emails
will also be done to share the information externally with the stakeholders, such as the third-
party vendors, project client, etc.
6
in advance
7 Technical Faults
during event
There may be some
technical faults that
may be present at the
time of the event.
2 3 6 Transfer – To the
third-party vendors
8 Quality issues The food quality or
the quality of the
event flow may not
be appropriate.
2 5 10 Avoidance – Quality
reviews and audits
for verification and
validation
Communication Management
The communications in the project will be significant and it will be essential that the project
communications are effectively managed.
The internal communications in the project will be managed by organizing a daily team
meeting. All the members in the project team will participate in the meeting and the project
progress will be discussed in the meeting. The other channels that will be used for the internal
communications will be emails and reporting (Langston, 2015).
The external communications will also be essential in the project. The external
communications will be conducted by organizing a weekly team meeting. The use of emails
will also be done to share the information externally with the stakeholders, such as the third-
party vendors, project client, etc.
6
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Mirus IT Solutions
Work Breakdown Structure (WBS)
Project Schedule – Gantt chart
7
Mirus IT
Solutions - Trade
Event Show
Planning for the
Event
Selection of the
management and
team
Planning for the
show stages
Budget and
schedule
estimation
Guests and
accomodation
planning
Venue and event
programs
Resource and
communications
planning
Risk planning,
media handling,
and quality
Milestone 1:
Event
Management
Plan
Bookings &
Arrangements
Booking
confirmation at
the venue
Booking of the
room for the
guests of honor
Drinks and food
menu finalization
Milestone 2:
Booking
confirmation
Host and other
speakers -
finalization
Event programs
and technical set-
ups
Invitations to the
guests and media
Milestone 3:
Invitations
Distribution
Trade Show
Event Day 1 -
Event Execution
Review of the
final settings and
arrangements
Conduction of
the event
Press release and
feedback analysis
Milestone 4:
Conduction of
the event on day
1
Event Execution -
Day 2 and Day 3
Review of the
final settings and
arrangements
Conduction of
the event
Press release and
feedback analysis
Milestone 5:
Conduction of
the event
Closure Process
Analysis of the
event outputs
and feedback
Preparation and
submission of
closure report
Milestone 6:
Closure Report
Work Breakdown Structure (WBS)
Project Schedule – Gantt chart
7
Mirus IT
Solutions - Trade
Event Show
Planning for the
Event
Selection of the
management and
team
Planning for the
show stages
Budget and
schedule
estimation
Guests and
accomodation
planning
Venue and event
programs
Resource and
communications
planning
Risk planning,
media handling,
and quality
Milestone 1:
Event
Management
Plan
Bookings &
Arrangements
Booking
confirmation at
the venue
Booking of the
room for the
guests of honor
Drinks and food
menu finalization
Milestone 2:
Booking
confirmation
Host and other
speakers -
finalization
Event programs
and technical set-
ups
Invitations to the
guests and media
Milestone 3:
Invitations
Distribution
Trade Show
Event Day 1 -
Event Execution
Review of the
final settings and
arrangements
Conduction of
the event
Press release and
feedback analysis
Milestone 4:
Conduction of
the event on day
1
Event Execution -
Day 2 and Day 3
Review of the
final settings and
arrangements
Conduction of
the event
Press release and
feedback analysis
Milestone 5:
Conduction of
the event
Closure Process
Analysis of the
event outputs
and feedback
Preparation and
submission of
closure report
Milestone 6:
Closure Report
Mirus IT Solutions
8
8
Mirus IT Solutions
Conclusion
The trade show event will be conducted for three days; however, the total project will run for
61 days and will require effective planning and management. The use of the PMBoK
methodology shall be done to manage the project activities.
9
Conclusion
The trade show event will be conducted for three days; however, the total project will run for
61 days and will require effective planning and management. The use of the PMBoK
methodology shall be done to manage the project activities.
9
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Mirus IT Solutions
10
10
Mirus IT Solutions
Part 2
I could learn several concepts and techniques during the semester that I will use in the future
applications and projects.
During the initial units, I could acquire the different concepts associated with project
planning and management. I could learn that the planning is an effective aspect associated
with the projects. For instance, I was assigned with a case project wherein an organization
had to organize a trade show event. I could learn that planning plays a very important role in
any project and it must be made sure that the planning processes are effectively conducted. I
could learn about the different management concepts and techniques to handle the critical
project activities. I could also determine the steps that are involved in the management
process. Earlier, I was not aware of the factors that are involved in the selection of the project
methodology and the determination of the project flow. However, with the concepts shared
during the semester, I could obtain these learnings (Laslo, 2018).
There were several lessons I could learn for the overall lifecycle of the management concepts.
I could also learn about the specific areas, such as the norms that shall be used for handling
the risks or communications. The trade show event that must be sorted out by the
organization required viable management of the event activities. The need of a characterized
methodology was amazingly significant so that a guided set of steps could be done. The
methodology that was used right now PMBoK. There was incorporated and powerful event
management that was possible with the utilization of the methodology. The management of
the scope was essential for the trade show event as the inclusion of the out-of-scope activities
could cause negative implications on the project schedule and costs. Similarly, the
powerlessness to accomplish the activities in the scope could also have adverse implications.
The scope of the project could incorporate the event arranging processes, bookings,
invitations to the guests and media, technical management at the event, nourishment and
drinks course of action for the event, press release, and event conduction according to the
program, control and closure processes. The costs estimated for the project were £80,000
(Bosnjak, 2019). The costs for the project incorporated the cost of the tools and equipment
required for the trade show event, resource costs, cost of booking the venue, showcasing
costs, set-up costs, and documentation costs. The trade show event that must be sorted out by
the organization was also exposed to several risks. It was essential that the compelling risk
11
Part 2
I could learn several concepts and techniques during the semester that I will use in the future
applications and projects.
During the initial units, I could acquire the different concepts associated with project
planning and management. I could learn that the planning is an effective aspect associated
with the projects. For instance, I was assigned with a case project wherein an organization
had to organize a trade show event. I could learn that planning plays a very important role in
any project and it must be made sure that the planning processes are effectively conducted. I
could learn about the different management concepts and techniques to handle the critical
project activities. I could also determine the steps that are involved in the management
process. Earlier, I was not aware of the factors that are involved in the selection of the project
methodology and the determination of the project flow. However, with the concepts shared
during the semester, I could obtain these learnings (Laslo, 2018).
There were several lessons I could learn for the overall lifecycle of the management concepts.
I could also learn about the specific areas, such as the norms that shall be used for handling
the risks or communications. The trade show event that must be sorted out by the
organization required viable management of the event activities. The need of a characterized
methodology was amazingly significant so that a guided set of steps could be done. The
methodology that was used right now PMBoK. There was incorporated and powerful event
management that was possible with the utilization of the methodology. The management of
the scope was essential for the trade show event as the inclusion of the out-of-scope activities
could cause negative implications on the project schedule and costs. Similarly, the
powerlessness to accomplish the activities in the scope could also have adverse implications.
The scope of the project could incorporate the event arranging processes, bookings,
invitations to the guests and media, technical management at the event, nourishment and
drinks course of action for the event, press release, and event conduction according to the
program, control and closure processes. The costs estimated for the project were £80,000
(Bosnjak, 2019). The costs for the project incorporated the cost of the tools and equipment
required for the trade show event, resource costs, cost of booking the venue, showcasing
costs, set-up costs, and documentation costs. The trade show event that must be sorted out by
the organization was also exposed to several risks. It was essential that the compelling risk
11
Mirus IT Solutions
management strategies were applied to ensure that the risks don't happen. There could be
sudden changes in the climate patterns, such as excessive rains, storm, and so on that could
have affected the event conduction. The third-party vendors, such as caterers, technical tools
supplier, and so on could postpone the conveyance of the tools and materials. The event
tickets probably won't have been sold according to the normal worth. The project costs could
go higher than the estimated values. There could be distinction of conclusion among the
resources and the stakeholders. The key speaker could have not been present at the event
day(s). There could be some technical faults that could be present at the hour of the event.
The nourishment quality or the nature of the event flow might not have been fitting. The
communications in the project were also significant and it was essential that the project
communications were viably overseen (Brioso, 2015). The internal communications in the
project must be overseen by sorting out an everyday team meeting. All the members in the
project team were required to take an interest in the meeting and the project progress was
discussed in the meeting. Different channels that were used for the internal communications
will be emails and announcing. The external communications were also essential in the
project. The external communications were directed by sorting out a weekly team meeting.
The use of emails was also done to share the data externally with the stakeholders, such as the
third-party vendors, project customer, and so forth.
I made sure that I maintained a log of my learnings so that I could keep a track of the
progress and the lessons I acquired. For this purpose, I started making the notes since the very
beginning of the semester. I decided to use a simple template for recording the learnings. I
decided to mention the date and unit name & number along with a brief note on the lessons
learned. I had decided to carry out the exercise on a daily basis. However, that could not be
possible due to other activities that were on priority. However, I could maintain a weekly log
of learnings. I have been able to refer to those lessons I have documented and have used the
same to provide a reflection on the learnings (Rose, 2015).
There were some areas and units that I found challenging. Budget estimation was one such
area. I have never participated in the budget planning and estimation processes before. I was
also not aware of the different techniques that are used in the budget planning and
management processes prior to the course. The case project that was assigned to me required
budget planning as one of the requirements. It took me several days to understand the
techniques and calculations along with the factors that are involved. I used and applied those
concepts to make sure that I could effectively carry out the budget estimation process.
12
management strategies were applied to ensure that the risks don't happen. There could be
sudden changes in the climate patterns, such as excessive rains, storm, and so on that could
have affected the event conduction. The third-party vendors, such as caterers, technical tools
supplier, and so on could postpone the conveyance of the tools and materials. The event
tickets probably won't have been sold according to the normal worth. The project costs could
go higher than the estimated values. There could be distinction of conclusion among the
resources and the stakeholders. The key speaker could have not been present at the event
day(s). There could be some technical faults that could be present at the hour of the event.
The nourishment quality or the nature of the event flow might not have been fitting. The
communications in the project were also significant and it was essential that the project
communications were viably overseen (Brioso, 2015). The internal communications in the
project must be overseen by sorting out an everyday team meeting. All the members in the
project team were required to take an interest in the meeting and the project progress was
discussed in the meeting. Different channels that were used for the internal communications
will be emails and announcing. The external communications were also essential in the
project. The external communications were directed by sorting out a weekly team meeting.
The use of emails was also done to share the data externally with the stakeholders, such as the
third-party vendors, project customer, and so forth.
I made sure that I maintained a log of my learnings so that I could keep a track of the
progress and the lessons I acquired. For this purpose, I started making the notes since the very
beginning of the semester. I decided to use a simple template for recording the learnings. I
decided to mention the date and unit name & number along with a brief note on the lessons
learned. I had decided to carry out the exercise on a daily basis. However, that could not be
possible due to other activities that were on priority. However, I could maintain a weekly log
of learnings. I have been able to refer to those lessons I have documented and have used the
same to provide a reflection on the learnings (Rose, 2015).
There were some areas and units that I found challenging. Budget estimation was one such
area. I have never participated in the budget planning and estimation processes before. I was
also not aware of the different techniques that are used in the budget planning and
management processes prior to the course. The case project that was assigned to me required
budget planning as one of the requirements. It took me several days to understand the
techniques and calculations along with the factors that are involved. I used and applied those
concepts to make sure that I could effectively carry out the budget estimation process.
12
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Mirus IT Solutions
Another concept that took me significant effort to understand was the risk score assessment. I
found it comparatively easy to identify and list down the risks. However, I could not
understand the factors that are applicable in allotting the scores to the risks. I took the
assistance of the mentors and the peers to obtain in-depth understanding on these topics.
The course assisted me in acquiring the knowledge of the concepts and learnings that I will
be successfully able to apply in the future. I will be able to utilize these concepts in the future
projects as management is one of the key activities that will always remain relevant. I will be
able to apply the learnings to identify and manage the risks that may be associated with a
particular project (Wang, Wu and Wang, 2018). Similarly, I will be able to apply my
knowledge of communication management to handle the internal and external project
communications. This will ensure that the effectiveness of the communication processes is
maintained. I will also be successful in effectively planning the project areas. The estimations
will also be made easily.
There are certain improvements that I may be able to do in the future. The concepts that I
learned during the semester are still new to me. I can continue my learning and training in the
field to enhance my understanding of the concepts. There are practical trainings and scenarios
that I may participate in. These will assist me in the improvement of the skills and
knowledge. I can also carry out the feedback exercises with the peers and can also participate
in the group discussions for knowledge sharing and improvement.
13
Another concept that took me significant effort to understand was the risk score assessment. I
found it comparatively easy to identify and list down the risks. However, I could not
understand the factors that are applicable in allotting the scores to the risks. I took the
assistance of the mentors and the peers to obtain in-depth understanding on these topics.
The course assisted me in acquiring the knowledge of the concepts and learnings that I will
be successfully able to apply in the future. I will be able to utilize these concepts in the future
projects as management is one of the key activities that will always remain relevant. I will be
able to apply the learnings to identify and manage the risks that may be associated with a
particular project (Wang, Wu and Wang, 2018). Similarly, I will be able to apply my
knowledge of communication management to handle the internal and external project
communications. This will ensure that the effectiveness of the communication processes is
maintained. I will also be successful in effectively planning the project areas. The estimations
will also be made easily.
There are certain improvements that I may be able to do in the future. The concepts that I
learned during the semester are still new to me. I can continue my learning and training in the
field to enhance my understanding of the concepts. There are practical trainings and scenarios
that I may participate in. These will assist me in the improvement of the skills and
knowledge. I can also carry out the feedback exercises with the peers and can also participate
in the group discussions for knowledge sharing and improvement.
13
Mirus IT Solutions
References
Alberca, P., Parte, L. and Rodríguez, A. (2018). Events Planning and Service Orientation: A
Comprehensive Study of Efficiency in Trade Shows. Event Management, 22(5), pp.803–824.
Borndorfer, R., Lindner, N. and Roth, S. (2019). A concurrent approach to the
periodic event scheduling problem. Journal of Rail Transport Planning & Management,
p.100175.
Bosnjak, J. (2019). Strategic Planning in Correlation with Internal Audit. European Project
Management Journal, 9(2), pp.35–45.
Brioso, X. (2015). Integrating ISO 21500 Guidance on Project Management, Lean
Construction and PMBOK. Procedia Engineering, 123, pp.76–84.
Jordan, T., Gibson, F., Stinnett, B. and Howard, D. (2019). Stakeholder Engagement in Event
Planning: A Case Study of One Rural Community’s Process. Event Management, 23(1),
pp.61–74.
Langston, C. (2015). Development of generic key performance indicators for PMBOK®
using a 3D project integration model. Construction Economics and Building, 13(4), pp.78–
91.
Laslo, Z. (2018). Project portfolio management: An integrated method for resource planning
and scheduling to minimize planning/scheduling-dependent expenses. International Journal
of Project Management, 28(6), pp.609–618.
Lucia, M.D. (2017). Economic performance measurement systems for event planning and
investment decision making. Tourism Management, 34, pp.91–100.
Maguire, K. and Hanrahan, J. (2017). Assessing the Economic Impact of Event Management
In Ireland: a Local Authority Planning Perspective. Event Management, 21(3), pp.333–346.
Rose, K.H. (2015). A Guide to the Project Management Body of Knowledge (PMBOK®
Guide)-Fifth Edition. Project Management Journal, 44(3), pp.e1–e1.
Wang, W., Wu, J.D. and Wang, D.Y. (2018). The Risk Management Framework of Aero-
Product Development Based on PMBOK. Applied Mechanics and Materials, 380–384,
14
References
Alberca, P., Parte, L. and Rodríguez, A. (2018). Events Planning and Service Orientation: A
Comprehensive Study of Efficiency in Trade Shows. Event Management, 22(5), pp.803–824.
Borndorfer, R., Lindner, N. and Roth, S. (2019). A concurrent approach to the
periodic event scheduling problem. Journal of Rail Transport Planning & Management,
p.100175.
Bosnjak, J. (2019). Strategic Planning in Correlation with Internal Audit. European Project
Management Journal, 9(2), pp.35–45.
Brioso, X. (2015). Integrating ISO 21500 Guidance on Project Management, Lean
Construction and PMBOK. Procedia Engineering, 123, pp.76–84.
Jordan, T., Gibson, F., Stinnett, B. and Howard, D. (2019). Stakeholder Engagement in Event
Planning: A Case Study of One Rural Community’s Process. Event Management, 23(1),
pp.61–74.
Langston, C. (2015). Development of generic key performance indicators for PMBOK®
using a 3D project integration model. Construction Economics and Building, 13(4), pp.78–
91.
Laslo, Z. (2018). Project portfolio management: An integrated method for resource planning
and scheduling to minimize planning/scheduling-dependent expenses. International Journal
of Project Management, 28(6), pp.609–618.
Lucia, M.D. (2017). Economic performance measurement systems for event planning and
investment decision making. Tourism Management, 34, pp.91–100.
Maguire, K. and Hanrahan, J. (2017). Assessing the Economic Impact of Event Management
In Ireland: a Local Authority Planning Perspective. Event Management, 21(3), pp.333–346.
Rose, K.H. (2015). A Guide to the Project Management Body of Knowledge (PMBOK®
Guide)-Fifth Edition. Project Management Journal, 44(3), pp.e1–e1.
Wang, W., Wu, J.D. and Wang, D.Y. (2018). The Risk Management Framework of Aero-
Product Development Based on PMBOK. Applied Mechanics and Materials, 380–384,
14
Mirus IT Solutions
pp.4637–4642.
Werner, K., Wang, C. and Gray, C. (2018). Comparative Global Perspectives of Event
Management Education: Lessons from a Sino-German Double Degree Event Management
Program. Event Management, 22(6), pp.1027–1046.
15
pp.4637–4642.
Werner, K., Wang, C. and Gray, C. (2018). Comparative Global Perspectives of Event
Management Education: Lessons from a Sino-German Double Degree Event Management
Program. Event Management, 22(6), pp.1027–1046.
15
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