Project Management: Stakeholder Analysis, Network Diagram, Work Breakdown Structure, Risk Analysis, Quality Expectation, Agile Methodology

This report discusses various aspects of project management, including stakeholder analysis, network diagram development, work breakdown structure formulation, risk analysis, quality expectation, and the use of agile methodology. It provides insights into the Camden Sickle Cell and Thalassaemia Service Group's music concert fundraising project.

Project Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Development of network diagram for all the activities along with the calculation of EST, LST,
EFT and LFT for activities..........................................................................................................1
TASK 2............................................................................................................................................2
Stakeholder analysis for the project with identification of internal and external stakeholders...2
TASK 3............................................................................................................................................3
Formulation of clearly numbered Work Breakdown Structure...................................................3
TASK 4............................................................................................................................................5
Forming the risk analysis for 20 different types of risks that may affect the project.................5
TASK 5............................................................................................................................................6
Analysis of different elements in context of the project.............................................................6
TASK 6............................................................................................................................................7
Critical analysis of methodology for the project with all the benefits of it.................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Project management is defined as a technique which is applied by business to analysis
and evaluate different projects that are undertaken by people with the reason of completing the
project activities effectively. While trying to finish a particular project the managers are
necessary to be concentrated on various activities like initiation, planning, observing and
determining (Eriksson, Larsson and Pesämaa, 2017). This report depends on the Camden Sickle
Cell and Thalassaemia Service Group that is organising a music concert for fundraising. This
report consists of stakeholder analysis to know the interest of stakeholders, draw network
analysis to understand the project, Work break down structure. Apart from this, the best effective
methodology applies to the project that covers in this report.
TASK 1
Development of network diagram for all the activities along with the calculation of EST, LST,
EFT and LFT for activities
The network diagram can de be described in a proper structure way that impacts every
activity that presents separately in which all the individuals can analyse the project effectively.
This diagram helps to identify the critical path of different activities and help to the analysis
workflow of a project. For the music, the event presents a network diagram with all necessities
such as:
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The above diagram is prepared through underneath basis
Early Start Activity Number Early finish
Slack
time
ACTIVITY NAME
Late Start Duration Late Finish
2

The shortest distance ion the network diagram is known as critical path. The shortest
duration in the above diagram is 116 days and the activities for the same are 1, 2, 4, 5, 9, 10, 21,
and 22.
TASK 2
Stakeholder analysis for the project with identification of internal and external stakeholders
The stakeholder analysis is a method which is applied to analysis the power as well as the
interest of stakeholder in an organisation. While applying stakeholder effect on project of
Camden Sickle cell and Thalassaemia Service Group audiences, investors, members, organisers
and many others are considered that are mentioned below:
Internal Stakeholders: Internal stakeholders are individuals that exist inside a company
(e.g., employees, managers, the board of directors, investors). Internal stakeholders are
professionals who work effectively for or have a huge stake ownership stake in the company,
such as the owners, executives, business leaders, board members, shareholders, and customers
who provide services that meet.
External stakeholders: External stakeholders are structures that are not part of a
company but are concerned about it or influenced by its productivity (e.g., consumers, regulators,
investors, suppliers).
· High power and high interest: There are considering those investors who have high power
regarding decision-making activity and also have a high interest in the success of any project
(Rumeser and Emsley, 2019). Therefore, they appropriately manage activities and managed
closely.
· High power and low interest: Such stakeholders are those persons who have a high power of
impacting the event or business but do not take interest in performance. In the context of music
event, the government will be the stakeholder working with high power and low interest. If the
Camden Sickle cell and Thalassaemia Service Group carry out a new policy regarding an event
that could be applied by authentic authorities in a specific manner regarding organisers.
· Low power and high interest: Most of the stakeholders who have not any power concerning
decision making both have an interest in the context of different efficiency activities so it is
considered as part of this category. Most of the clients will be attending the music event about
stakeholders with low power and high interest.
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· Low power and low interest: The stakeholders are not having any right to apply any decision
that also interested in the efficiency of business and focused on this part. The staff members, as
well as volunteers able to work at the event, will be these stakeholders.
TASK 3
Formulation of clearly numbered Work Breakdown Structure
Work break down structure:
4

Organisation structure:
5

TASK 4
Forming the risk analysis for 20 different types of risks that may affect the project
The term risk analysis is defined as the assessment of risks that may take place in future
for the event that will be considered in a future period (Galli, 2018). There are analysis different
risk that occurs in music event of Camden Sickle Cell and Thalassaemia Service Group is as
follows:
No. Risk Possibility Effect Mitigation
1 Not proper
management
Low Low Arrange all the activities in systematic
manner
2 Have not facility
of parking
Moderate Low Select right place where appropriate
space for the parking
3 Chances of fire Low Moderate Set up fire hydrant and aware for all
the activities
4 Security Low High Set up all the safety equipments in
specified period of time
5 Not proper
facility of
medical
Low Moderate Making arrangements for the medical
assistance.
6 Hygiene of food High Keeping advanced level of sanitariness
for the food.
7 Low effect of
atmosphere
Low Low Disregard any kind of destructive
effect upon the situation.
8 Uncertainness High High Analysing potential negative situations
in future.
9 Windward Moderate Low Estimating the weather and then
planning for the event.
10 Failure of
instrumentality
Low Low Paying attention towards effective
management of equipment.
11 Powerfulness Moderate Low Assuring that proper arrangements for
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non
accomplishment
dealing with power failure
12 Approval of
local government
Moderate High Making sure that permission is taken
from the local authorities for the event.
13 Poor time
direction
High Moderate Making schedule for all the tasks of
event.
14 Loss of honour High Conducting the event properly (Ajmal,
Malik and Saber, 2010).
15 Small space High Low Assuring that the space for the event is
chosen properly.
16 Safety and
security
Moderate Low Becoming planning of all the
instrumentality needful for safety and
security.
17 Social issues Moderate High Making sure that all the expectations of
audiences are met.
18 Withdrawal of
sponsor
High High Gathering evaluate of supporter.
19 Financial loss Moderate High Negotiate financial resources
expeditiously.
20 Lack of staff
members
High Approximation needful amount for
worker so that the risk could be dealt
grouping.
TASK 5
Analysis of different elements in context of the project
Quality expectation: This term defined as a statement that impacts the quality which is
anticipated by the clients from the project of an entity. There is an analysis starting point of the
project. Such as, the Camden Sickle Cell and Thalassaemia Service group expected to provide
high quality because they are spent event in which entities organize the music event. The high
quality is based on the casting and crewing collection of photographing, providing quality food
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that proper hygiene because of corona virus and also provides sanitizer, costumes of the
participants. There are identifying various resources that entity requires to concentrate on the
time setting and quality (Hwang, Zhu and Tan, 2017).
Acceptance criteria: In this manager can set high acceptance criteria for the event that
helps to attract a broad number of customers towards it so that it will become successful.
Quality specification: The event organizer can set quality specification regarding food
that offer by business such as, Italian and Mexican food to their guest along with soft drinks and
smoothies. Set a particular western dress code for the entire guest. There are also including
orchestra music that mainly concentrates on classical music that consists of various musical
instruments such as, Violin, cello etc.
To analyses, the quality of the event head of the musical event can concentrate on taking
the follow-ups in regarding different customers so that issues can be identified effectively. In
this, they also utilize the inspection to evaluate the quality problems and offers different quality
services to them. The organisation consists of process control so that operations can be done
effectively and it will offer effective outcomes which are organized in an effective manner
(Styhre, 2020).
TASK 6
Critical analysis of methodology for the project with all the benefits of it
For this business, the project effectively applies agile methodology. It is applied by a
different business entity for the planning and managing of music event activities in a systematic
manner. There are consisting of five procedures such as initiating, planning, executing,
monitoring and closing. Due to sudden changes in the atmosphere, the right methodology helps
to manage the project activities and take the right decision at the right time to assure success
(Auth, JokischPavel and Dürk, 2019).
In the scenario of music, the event follows all the directions of the agile method in the
right manner to get expected results. The starting procedure defines what event is about skills &
activities consist in a project. For setting, authorization requires permits for an event that can be
organized. The net step planning consists of developing an effective strategy for the event and
assure about the set objectives to proper utilization of all the resources of a firm. Along with
defining every member their roles and responsibilities after that set deadlines for every activity in
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the context of a particular procedure. It is effective execution of event planning that consists of a
procedure of execution. After that in monitoring and controlling the efficiency of all the staff
members and closing is considering a big challenge. In the end pay to all workers, getting
records and assure for positive impact (Blomquist, Farashah and Thomas, 2018).
CONCLUSION
As per the above report it has been concluded that project management is a method that
utilised for the reason of arranging and controlling projects. At the time performing various
activities it is essential to focus on work break down structure that classifies activities in proper
manner. Moreover, apply effective methodology and define various terms in regard of project.
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REFERENCES
Books and Journals
Eriksson, P. E., Larsson, J. and Pesämaa, O., 2017. Managing complex projects in the
infrastructure sector—A structural equation model for flexibility-focused project
management. International journal of project management. 35(8). pp.1512-1523.
Rumeser, D. and Emsley, M., 2019. Lessons learned from implementing project management
games. International Journal of Serious Games. 6(1). pp.71-92.
Galli, B. J., 2018. Can project management help improve lean six sigma?. IEEE Engineering
Management Review. 46(2). pp.55-64.
Hwang, B. G., Zhu, L. and Tan, J. S. H., 2017. Green business park project management:
Barriers and solutions for sustainable development. Journal of cleaner production. 153.
pp.209-219.
Styhre, A., 2020. Thinly and thickly capitalized projects: Theorizing the role of the finance
markets and capital supply in project management studies. Project Management
Journal. 51(4). pp.378-388.
Auth, G., JokischPavel, O. and Dürk, C., 2019. Revisiting automated project management in the
digital age–a survey of AI approaches. Online Journal of Applied Knowledge
Management (OJAKM), 7(1), pp.27-39.
Blomquist, T., Farashah, A. D. and Thomas, J., 2018. Feeling good, being good and looking
good: Motivations for, and benefits from, project management certification.
International Journal of Project Management. 36(3). pp.498-511.
Ajmal, M., Malik, M. and Saber, H., 2017. Factor analyzing project management practices in the
United Arab Emirates. International Journal of Managing Projects in Business.
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