Report on Risk involved in Project Plan

Added on - 06 Jun 2020

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Project Management
ContentsINTRODUCTION...........................................................................................................................11. Project Initiation Document (PID)...............................................................................................1Budgetary information.................................................................................................................1Timescales...................................................................................................................................2Key staff.......................................................................................................................................2Stakeholder’s analysis.................................................................................................................32. Risk Register................................................................................................................................41. Project Plan..............................................................................................................................63. Project Sponsor............................................................................................................................9a. Importance of quality risk management plans and the potential impact.................................9b. Analysis and critique of the potential relevance of PRINCE2..............................................11Conclusion and recommendation..................................................................................................11REFERENCES..............................................................................................................................13
INTRODUCTIONVarious type of changes that has to be taken place and changes are made so that betterquality services can be delivered. For each of the project that is developed, it requires to haveproper support from the side of project manager. There are certain aspects that are required to beconsidered like cost, human resource, time management, risk analysis etc. (Kerzner and Kerzner,2017). Project management can be determined as a methodological approach that is helpfulenough to form principles, regulations and rules so that the plan formed can be attained. In thepresent assignment, The QA Higher Education is planning to refurbish teaching rooms and incomputing labs in London Campus. This report covers the risk that is involved in the projectplan. Further, it covers activities with the total time period that will be taken to complete them.To complete the project in effective manner, below given are the aim and objectives:Aim: To conduct refurbishment of teaching rooms and to compute labs for London Campus.Objectives:To develop and design a building that can be used as laboratories by teachers.To form healthy and comfortable environment for students and teachers.To determine the monitoring functions like energy management, power consumption, etc.To complete the project within determined budget that is $10,000.In order to achieve the above mentioned objective, project manager will set up a plan inwhich all the aspects required will be taken into consideration. Other than this, employees are theimportant so that activities set can be completed within speculated time period. Further, it alsorequires to develop proper planning for the budget so that all tasks can be completed in effectivemanner. In addition to this, analysis of risk is important for the manager to consider. When theseare not effectively analysed, then causes negative impact over the project and performance levelof employees. Other than this proper monitoring is required to be made on workers so that areasin which development is to be made can be identified. As per the findings made, proper trainingshould be delivered as it can help in enhancing their skills and performance level. At early stageone of the main risk that is likely to arise is related with improper planning of budget or timedone.1
TASK 1 - Project Initiation Document (PID)Budgetary informationIn a project, it is important to set out activities so that the main aim that is set can beattained. However, proper planning need to be made in order to complete the activities withinspeculated budget that is decided (Burke, 2013). Following are the activities and requirementthat will be need with their cost:ParticularsAmount(In GBP)Purchasesfor materialsrequired inrefurbishment1500Obtaininglicencedsoftware2500Databaselicensing200Equipmentcost2000Labour cost1000Server cost800Networkcost2000Total10,000TimescalesThere is various type of activities or tasks that are to be determined so that steps by stepscompletion of project are possible. With this respect, following are the total days that will betaken and the activities that need to be focused on with their days:Tasks to becompletedTime takenfor each taskInitiation phase23 daysPlanning phase21 daysExecution phase28 days2
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