Project Management: Methodologies, Network Diagram, Stakeholder Analysis, Risk Analysis

Project management

Table of Contents
INTRODUCTION ..........................................................................................................................1
TASK 1............................................................................................................................................1
1. Three project management methodologies..............................................................................1
TASK 2............................................................................................................................................3
2. Network diagram....................................................................................................................3
TASK 3............................................................................................................................................3
3. Stakeholder analysis.................................................................................................................3
TASK 4............................................................................................................................................5
4. Risk Analysis for FIVE different risks....................................................................................5
CONCLUSION ...............................................................................................................................5
REFERENCERS .............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
The process of planning and organisation of useful company resources in order to make a
certain task, project more effective is known as project management (Gale and et.al., 2016). The
particular project is related with hosting a new musical festival in season of Autumn in Local
town to celebrate the achievement of Alumni.
The project covers, three project management methodologies, creation of appropriate
network diagram, stakeholder analysis for music festival and risk analysis for different risk to the
project.
TASK 1
1. Three project management methodologies
A technique is a framework used by project managers to develop, schedule, execute and
accomplish the project goals. Some important methodologies of project management are
discussed below:
Waterfall:
It is consider to be the most commonly used project managing method that is a linear
sequence model in which progress flows towards down in a specific direction (Crawford, 2014).
Manager of music festival follow the important stages of waterfall in systematic manner such as:
 System and software requirements
 Analysis
 Design
 Coding
 Testing
 Operations
Advantages:
 It is best suited for the project in which requirement are well described for smaller
projects.
 Manager are helpful with this methods as they can easily perform quality assurance
analysis after ending of every stage.
Disadvantage:
1