Importance of Effective Communication and Analysis of Project Methodologies

Project Management

Table of Contents
INTRODUCTION...........................................................................................................................3
Project 2...........................................................................................................................................3
A risk register containing 10 fully documented risks.................................................................3
Project 3...........................................................................................................................................6
i.) An explanation of the need for effective, structured communication between the project
manager and members of their team...........................................................................................6
ii.) An analysis and critique of methodologies that might be used to run the project case study
.....................................................................................................................................................6
Comparison of Agile, Waterfall and PRINCE2 methodologies............................................6
Recommendation to the sponsor on the best methodology to use..........................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Project management is defined as a practice starting, planning, implementing, controlling
and finishing the work in order to attain pre set goals and mitigate success criteria within the
specified time frame (Alias and et. al., 2014). In each project, the key challenge is to accomplish
all the goals of project within given constraints. This report is based on a project associated with
Olympics event which is held between London universities. The main aim of events to market
the facilities and grounds of University. This project covers a risk resister which contains some
fully documented risks and the discussion of need of effective and structured communication
between project administrator and team members. Apart from this, an analysis of different
methodologies that can be used in project along with their comparison is included. At last,
recommendations are given to sponsor on the best appropriate methodology to use in the project.
Project 2
A risk register containing 10 fully documented risks
Risk Like
liho
od
Im
pac
t
Rat
ing
Mitigation Lik
elih
ood
Im
pac
t
Rat
ing
Contingency
plan
Statu
s
Owne
r
Health
and
safety
risk
3 4 7 A thorough
examination
can be done
of risk to the
safety of
humans as
the events
associated
with sports
are
inherently
risky (Burke,
2013).
2 2 3 In order to
ensure well
being and
safety of all
the
participants of
event, some
strategies can
be
implemented
and safety
measures can
be taken.
Monit
oring
stage
Event
direct
or
Over
stressed
3 3 8 To relieve
the stress of
2 1 4 In order to
ensure that all
Monit
oring
Team
leader

workers worker, it
can be ensure
that all the
activities are
performed in
systematic
manner as
per the
schedule.
the workers
stay stress
free, some
motivational
approaches
can be used by
project leader.
stage
Financia
l risk
2 1 6 A provision
can be
developing in
order to
ensure
availability
of adequate
amount of
funds.
3 2 2 A short term
loan can be
taken from
bank in order
to mitigate the
risk associated
with funds
(Eskerod and
Jepsen,
2016).
Close
d
Finan
ce
mana
ger
Technol
ogical
risk
3 3 8.5 Technologica
l failure is a
high risk in
project. For
mitigating
this risk,
training can
be provided
to
technicians
so that they
enable to
2 2 3 A technology
professional
can be hire so
that at the
time of
contingency,
the risk can be
mitigating
easily
(Fleming and
Koppelman,
2016).
Close
d
Infor
matio
n
techn
ology
mana
ger