Project Management: Methodologies, Gantt Chart, Stakeholder Analysis, Risk Mitigation

Project Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Three management methodologies.........................................................................................1
TASK 2............................................................................................................................................2
Gantt chart..............................................................................................................................2
Network diagram....................................................................................................................5
TASK 3............................................................................................................................................5
Stakeholder analysis...............................................................................................................5
TASK 4............................................................................................................................................7
Different types of risk with mitigation strategies...................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Project management is the simple process to set up any project and deliver the best result.
In the same way, current study is also based upon to introduce Music festival and for that report
will describe three management methodologies such as Agile, Waterfall and Scrum. Further, the
study will also describe the relationship between all activities and dependencies using Gantt
chart and critical path, report also present stakeholder analysis and work breakdown structure
that helps define all element of the project in better way. Lastly, report will describe five
different types of risk with their mitigation strategies.
TASK 1
Three management methodologies
Agile: It is the process in which project breakdown into smaller piece in order to run
from design phase to make sure about quality assurance. Thus, the method also help the team to
adopt changes quickly and also deliver fast work.
Advantages: this method assist to get feedback immediately so that further action can be taken
and also helps to responding about change (Layton and Ostermiller, 2017). Moreover, project
manager also detect and fix issues in order to deliver best project.
Disadvantages: It is not easy to measure progress immediately because of having several cycles.
Further, It also demand for more time and energy for getting interact with each other to
understand entire project (Serrador and Pinto, 2015).
Waterfall: It is another project management approach in which project manager attain
aim be developing short goals and their ultimate aim is to execute plan (Stoica and et.al., 2016).
It is the first software development methodology which is mainly used in software engineering
and product development.
Advantages: the biggest advantage of using such method is that it provide clear structure and
also determine end goals in clear manner. So that it will help to transfer information in well
manner. Through this method, team members can better plan using multiple project at same time.
Disadvantages: It is not easy to cope up with changes in easy manner and sometimes it also
delay the testing until after the completion (Theocharis and et.al., 2015). Moreover, if researcher
uses this method will further require extensive research into user needs and also difficult yo
customize.
1

Scrum: It is another project management methodologies which helps to deliver working
products with more business value on order to manage the work in better way. Further, this
method is consider one of the widely used method that helps to attain software agility (Permana,
2015). In this method, the work is done in short cycle which is known as sprints and even team
also meets daily in order to discuss current task.
Advantages: this methodology helps to remove mistakes and also rectifies them so that it will be
easy for the project manager to cope up with sudden changes. This method also involve
customers in order to make sure about results.
Disadvantages: Through this method, team member feels pressurize and as a result, they spent a
large amount of time for delivering best project (Lin and et.al., 2015). Further, if any team
member leave the process, it creates negative impact upon the entire project.
TASK 2
Gantt chart
Task Mode Task Name Duration Start Finish Predecessors Early
Finish
Early
Start Late Start Late
Finish
1 Budget
Approval 1 day
Sun
7/15/1
8
Sun
7/15/18
Sun
7/15/18
Sun
7/15/18
Sun
7/15/18
Mon
7/16/18
2
Hire
Publicity
Director
14 days
Mon
7/16/1
8
Thu
8/2/18 1 Thu
8/2/18
Mon
7/16/18
Mon
7/16/18
Thu
8/2/18
3 Hire Set
Designer 14 days
Mon
7/16/1
8
Thu
8/2/18 1 Thu
8/2/18
Mon
7/16/18
Fri
1/11/19
Wed
1/30/19
4
Hire Place
For
Auditions
7 days Fri
8/3/18
Mon
8/13/18 2 Mon
8/13/18
Fri
8/3/18
Fri
8/3/18
Mon
8/13/18
5
Advertising
To Hire
Crew and
Cast
7 days Fri
8/3/18
Mon
8/13/18 2 Mon
8/13/18
Fri
8/3/18
Fri
8/3/18
Mon
8/13/18
6
Hire
Production
& Publicity
Crew
34 days
Tue
8/14/1
8
Mon
12/31/1
8
4,5
Mon
12/31/1
8
Tue
8/14/18
Thu
9/13/18
Wed
1/30/19
7 Set
Designed
42 days Tue
1/1/19
Wed
2/27/19
3,6 Wed
2/27/19
Tue
1/1/19
Thu
1/31/19
Fri
3/29/19
2