Project Management Case Study: Risk Register and Project Closure
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This case study discusses the importance of risk register and correctly managed project closure in project management methodology. It also explains different types of risks and their mitigation strategies in a music event project. The project management methodology discussed includes Waterfall, Agile, and Prince 2.
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Case study based on a report plus first project
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TABLE OF CONTENTS PART A..........................................................................................................................................3 Risk register.................................................................................................................................3 Importance of risk register...........................................................................................................5 PART B...........................................................................................................................................6 Importance of correctly managed Project Closure.......................................................................6 PART C...........................................................................................................................................7 Project management methodology...............................................................................................7 CONCLUSION...............................................................................................................................9 REFERENCES..............................................................................................................................10
PART A Risk register. Types of riskProbability to occurMitigation strategiesResponsibility Third party damage risk MediumThis could include the dishes,tables,chairs, spills and other similar damages.Theproject manager which require keepingfocusonIT vendor,conducting third parties screening, due diligence and on boarding(Niemi, HöbbelandSill Torres, 2021). Event organizer. SecurityLowOrganizerneedto keepescalatewith theirsecuritybudget andmanyeffortsfor the events. Event organizer External riskHighIn this project manager needtoworkwith emergencyservices, food, drinks, vehicles andsoon(Sejbaek And et.al., 2021). Project manager Cancellation/ inclement weather HighProject manager need tocreatealllistof Event organizer, crew
emergency,compile allprescription information,stockup on batteries, keep the flashlightsineach room,non-perishable foods. Crowd managementLowItincludesthe emergencyplanand firstaid(Holst, TolstrupandBecker, 2021). Along with this must be prepared with thecrowdstages, major incident, social venues, injuries. Event coordinator. Communication management MediumManagingsocial trafficiskeyfor managing the potential issues,possible incidents, ensuring for all known issues that are being tracked and responded. Project manager. Violenceand altercation LowThis could create the strategies for violence fights,verbal altercationand medicalemergency. Theproject Eventmanagement teamandother members(Armbrecht and et.al., 2021).
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management require to keep the management system proper so that membercanconsult with security team. Fireandsmoke inhalation HighTostaysafe,project manager need to pay attentiontowards seating,safetyexits, map out alternative 3- 4 exits (Lee and et.al., 2021). Project manager MediumThis could work with strategies including the sealedsnacksbut choosingfoodat concert,remember aboutthecleanliness, staff, food that reduce therisk.Eachtable shouldhavetheir separatebottlesand hand sanitizer. Catering,project manager and crew. Hearing damage and loss MediumProjectmanagercan maketheusesoft soundsystem, exposuretohigh decibel sounds. Crew, event organizer andsound management team.
Importance of risk register. The main purpose of the risk register is to serve about the given database for some specific risk. Along with this also keep the enables for the project company or manager for listing all potential risk possible risk in table. This helps the music events for knowing about their consideration risk and opportunities. Moreover, help to ensure all significant risks that have been suitably assessed, managed and identification. Succession for the risk register that can include the succession in relation with the risk management. While having the communication, crowd management, security, external risk (Crutzen, Noijen and Peters, 2021). This could keep the succession for the music events and also make sure for knowing about their effective concepts. Communication management which is important part for having the events, in having proper communication way that could lead within the succession of events. Failed in relation to presence or absence of risk management, fire and smoke, third party damage risk, hearing damage and loss. For this project manager is trying for working towards the strategies that could help the project manager for successful events. PART B Importance of correctly managed Project Closure A wining for the project that described about the effectively closing, because the whole project closure that seems to be important with individuals tasks and assigned resources. The key benefits for the process in project that archived the information and planned for completing the work. The closure of project is another tasks for the project manager and will be checking that all project work is completed or not or project goals and objective is achieved or not. Project manager also require to add the way of approved changes request. Along with this lead with having the important steps for completion about the project closure (De Toni and Pessot, 2021). The inputs, techniques, output, tools and process are depicted. Initiation- defining about the new phase of project for an existing project. Appoint the project manager and define the scope for working towards the goals and objective. Planning- develop the present scope and objective, and also define about how meet the objective. This could play the effective role and also make sure for managing the project in proper way, this also have the positive impacts that are beyond the stuff. The project manager in music events need to boost their reputation and essentially bring
out their brands (Lalmi, Fernandes and Souad, 2021). This must be essential for working towards the better growth and development for which this keep the estimated in future implication. During the project closure process, it is most essential things that could help for learning lessons and asking question and honestly having feedback. After having the project closure this could also require for working towards the feedback and ensure them for working with some strategies in other assigned project. The third party was not involved with this project and this should facilitate the session for which the safe and non-judgemental discussion surrounding can lead some question. Executing- completion for the delivering work, this could lead for implementing the work and managing the teams, timelines and budget which are being required at time of completion in music event project (Rihar, Žužek and Kušar, 2021). As project manager also require for working towards their balancing stakeholder involvement and also ensure them with the step of project outcomes from the initiating phase. Monitoring and controlling- track, review and regulate the progress. Along with this must be important while through which this help the project manager for knowing about their tracking system and ensure them for working. Measure project and having better project outcomes, reassess costs that work on given schedule. Closing- formally close for the project, determining more about the project completion within provided budget and perform the necessary process. This also keep the identification key for teammates and hand out awards (The Importance of Project Closure, 2020). The closing phase of project management is the final phase that keep the proper working for project life cycle. This is stage where the deliverables and finalized formally transferred about all the documentation which must be approved, achieved and so on. PART C Project management methodology Project management methodology that refers to the set of guiding process and principles that is used for plan, execute projects, manage. Moreover, the project methodology that could be determined about how the work is completed and prioritized. It could be also seems that disciplined project methodology that began with the definition and used in widespread fashion among given project set. Approaches for managing the work and are all about the specifying the best way to plan, initiate and execute projects. Here are some project management methods such as:
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Waterfall-It leads with the sequential development process that flows like waterfall through all the using phase in project. Along with this having each phase that completely wrapping with before starting the next begins. The success of waterfall methods which depends on the amount of their quality work and done on the front (Shikama and et.al., 2021). This keep the project for work with everything in advance, including the user stories, all the features and keep the better outcomes. Moreover, about the accurate concepts and this can provide more predictable release data, it's harder to change course than it work with agile methodology. Advantage- In this developer can create the easily errors during the design and analysis, helping most of time in avoiding the faculty code during the implementation phase. Developer can easily join the project for getting speed up because everything they are required to know in the document. Customer are not always adding some new requirement to the delaying production and projects. Disadvantage- This take the longer time to complete the project than having iterative one. Customer are not involved in implementation stages and design of project, deadline creep and delayed in phase and process. Agile-Agile project management is approaches that keep focus on breaking down projects into more task, and help for completion within short iteration throughout the project life cycle. Agile that allow the teams to have better equipped to work with quickly change focus and direction. This could also allow the team to re-evaluate the work as they are adjusting and doing increment to make sure for the customer landscape changes, also have their focus on changing team. While, the agile framework that could lead to deliver the innovative products in having uncertain environment (Saragih, Dachyar and Zagloel, 2021). This also allows for creating ambiguity because it could work with flexibility to change the direction on project work and moves towards the future. Advantage- In this project manager can waste fewer resources because this always work on given data tasks, fast task around times, developer can easily improve their skills, spend less time on busy work, detect and fix issues and faster in understanding, Disadvantage- it is more difficult to measure in progress and demands more time and energy from everyone because customer and developed are interacted with each other, project that can become ever-lasting due to not having clear understanding, scope creep and creating the
experience rot, developer need to keep long term vision for the products and actively work with better communication. Prince 2-It is process based on approaches that keep focus on organization and control over the project, from start to finish. This also means that project which are thoroughly towards the planning and each stage which is lead with the process is being clearly structured and loose ends are tied up after the project concludes. In this user will make the use of project deliverables or keep their impacted over the project outcome (Fabbro and Tonchia, 2021). The project manager which is more responsible for the planning, organizing and overseeing work on the given projects. The team and project team members that are required for working within the proper use of detailed on daily basis work and report directly to the project manager through using the software system. Advantage- the entire work that could be seemed successful and it has the types of completion over any projects. For better communication and accountability for working towards the projects and then prince2 project management is best among all other methodology. It mainly keeps focus on providing the continuous and outputs that helps for improving the progress and results with having better guaranteed. Disadvantage-It does not likely to have the excessive documentation and every stage this could keep loads of documentation to update and maintain (Llorens and Viñoles-Cebolla, 2021). Along with this, due to lack of involvement and working towards the senior management usually have their slows down the projects. CONCLUSION For this music events, the project manager need to work with agile project management methodology. It is also able to bring the such risk to bear during the development faster. The project manager that should be able to maintain the constant places and create the attention to technical and also good design enhance agility. This also work with dividing the tasks, so that can help the project manager to complete work and art of maximizing the amount of work that is done (Manurung and Kurniawan, 2021). This also work with having flexibility, productivity and decreased the risk of missed goals and objective. And once, when music events project that ends it receives the feedback to plan the new concepts on next day. This provides more and more task
which could lead within the completion for short time. It also works fewer on paper and stresses the importance of human interaction throughout the project. Along with this also examined about the risk register that help the project manager for taking the right decision and how to overcome with having various risk in project management.
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REFERENCES Books and Journals Armbrecht, J. and et.al.,2021. 20 Years of Nordic event and festival research: a review and future research agenda.Scandinavian Journal of Hospitality and Tourism.21(1). pp.49- 59. Crutzen, R., Noijen, J. and Peters, G.J.Y., 2021. Promoting ear plugs at music events: evaluation of the Celebrate Safe approach.International Journal of Audiology.60(5). pp.359-364. De Toni, A.F. and Pessot, E., 2021. Investigating organisational learning to master project complexity: An embedded case study.Journal of Business Research.129. pp.541-554. Fabbro, E. and Tonchia, S., 2021. Project Management Maturity Models: Literature Review and New Developments.The Journal of Modern Project Management.8(3). Holst, C., Tolstrup, J.S. and Becker, U., 2021. Risk of somatic disease and mortality in individualsofparentswithalcoholusedisorder:aregister-basedcohort study.Addiction. Lalmi, A., Fernandes, G. and Souad, S.B., 2021. A conceptual hybrid project management model for construction projects.Procedia Computer Science.181. pp.921-930. Lee, T. and et.al., 2021. Head acceleration event metrics in youth contact sports more dependent on sport than level of play.Proceedings of the Institution of Mechanical Engineers, Part H: Journal of engineering in medicine.235(2). pp.208-221. Llorens, B. and Viñoles-Cebolla, R., 2021. The influence of the use of project management tools and techniques on the achieved success. InProject Management and Engineering Research(pp. 159-171). Springer, Cham. Manurung, A.H. and Kurniawan, R., 2021. Organizational agility: do agile project management andnetworkingcapabilityrequiremarketorientation?.InternationalJournalof Managing Projects in Business. Niemi, A.T.O., Höbbel, T. and Sill Torres, F., 2021. Risk register database to improve organizationalresilienceandknowledgemanagement.RiskRegisterDatabaseto Improve Organizational Resilience and Knowledge Management.p.1943. Rihar, L., Žužek, T. and Kušar, J., 2021. How to successfully introduce concurrent engineering into new product development?.Concurrent Engineering.29(2). pp.87-101. Saragih, L.R., Dachyar, M. and Zagloel, T.Y.M., 2021. Implementation of telecommunications cross-industrycollaborationthroughagileprojectmanagement.Heliyon.7(5). p.e07013. Sejbaek, C.S. And et.al., 2021. Professional cleaning and risk of asthma–a Danish nationwide register-based study.Scandinavian Journal of Work, Environment & Health. Shikama, H. and et.al., 2021. Experimental and numerical studies on the performance of a waterfall-type cross-flow hydraulic turbine.Energy for Sustainable Development.64. pp.128-138. Online TheImportanceofProjectClosure,2020[Online].AvailableThrough: <https://sis.binus.ac.id/2020/09/14/the-importance-of-project-closure/>