Project Management: Stakeholder Concerns, Risks, Time, Cost, Benefits Realization, and Challenges

Project Management

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Stake holder concern....................................................................................................................3
Risk associated with the project...................................................................................................4
Time associated with the project..................................................................................................5
Cost associated with the project...................................................................................................5
Benefits realisation.......................................................................................................................5
Project execution challenges........................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Project management alludes to making arrangements which is required in a project. The
project management is tied in with dealing with the entire project, overseeing incorporates asset
taking care of, making exercises arrangement, taking care of the work by designating them their
jobs and duty, and the so on. Dealing with a project is a serious extreme errand. It requires
customary management and observing of work. Each organization attempts a project and
attempts to finish it at time. The entire project is partitioned into little exercises of errands which
summarize the project. For reference this report has undertaken a particular project for installing
the solar plant system into the office premises. The project requires a huge cost which it has
some budget, risks, time, scope and etc. The purpose of this project is to install the solar plant
system to offices and to promote the green production and activities. This project has a budget of
50,000 Euros and a time span of 6 months.
This report discusses about the stakeholders concerns, risks, time, cost and benefits
realization along with the challenges which is faced by the project manager.
TASK 1
Stake holder concern
Every project has some kind of motive or goal. The investors or the stakeholders also
holds some kind of expectation which they have regarding or related to the project. The reason
for building up the sun oriented plant framework is to deliver the power which can be utilized by
the workplaces themselves. The workplaces would now be able to don't need to purchase the
power from some other power board or house; presently these workplaces can have their own
power which they can utilize. The venture would have the accompanying advantages:
Creation of power: Establishing the sun powered plant in workplaces would spare the vitality
which the organization needs to purchase from the outside electric sheets. Building up the sun
powered plant would empower the workplaces to utilize the vitality which has been produce by
their sun oriented plant (Brewer and Dittman, 2018). This can spares a tremendous expense for
the administration workplaces. Utilizing your own power has its own preferred position as the
workplace would not confront any power deficiency or patterns, the expense would be get
spared, the workplaces would utilize their own delivered power.
Once speculation: Investment in setting sunlight based plant framework into the premises is a
onetime venture. The individual needs to contribute just a period and from this one time
speculation he can take advantage in since quite a while ago run. In lengthy time span he doesn't
need to buy the vitality from some other source than to utilize the vitality which has been created
by his own sun oriented plant. In spite of the fact that the organization needs to place cash in it,
as it introducing a sunlight based plant isn't modest, yet the expense of not more noteworthy than
the advantages which the individual would get from it.