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Assignment on Project Management and Plan

   

Added on  2022-08-22

20 Pages2642 Words18 Views
Running head: PROJECT MANAGEMENT
Assignment task 2
Name of the Student
Name of the University
Author’s Note

PROJECT MANAGEMENT
1
Table of Contents
1. Project objectives.........................................................................................................................2
2. Organizations objectives..............................................................................................................2
3. Project scope................................................................................................................................2
4. Project assumptions.....................................................................................................................3
5. Project roles and responsibilities.................................................................................................3
6. Timeline and Gantt charts............................................................................................................6
6.1 Timeline.................................................................................................................................6
6.2 Gantt charts............................................................................................................................9
7. Risk management.......................................................................................................................10
8. Stakeholder management...........................................................................................................14
9. Project funding...........................................................................................................................16
10. Other areas...............................................................................................................................16
Bibliography..................................................................................................................................18

PROJECT MANAGEMENT
2
1. Project objectives
The main objective of the paper is to propose and design a project plan for successfully
implementing AI based software in order to properly enhance the selected organization’s
proposal for improving the operations of HSBC bank in UAE.
2. Organizations objectives
The HSBC bank generally wants to lead in the world for its financial services and for
which they need to balance the earnings between stable, mature as well as faster growing
economies and for achieving this the HSBC wants to resolve its operational issues by
successfully implementing AI based software.
3. Project scope
In-scope
Development of business case
Defining the use case of the project
Verification of data availability
Carrying different types of data exploration
Defining model building based methodology
Automation as well as production roll-out Implementation of AI
Post project review
Out-scope
Training facility is not given to the project team members

PROJECT MANAGEMENT
3
Information related with the suppliers are not part of the project
4. Project assumptions
The events or circumstances which are generally expected to occur during the
implementation of AI are mainly elaborated below:
Use case: As per the technical manager, the use case for the entire AI system will be
properly defined which will further be helpful in implementing the AI system after the data
availability is generally verified.
Budget: The financial manager assumes that around $80,000 is needed for successfully
implementing the AI software so that the operational issues of the HSBC bank will get resolved.
However, if the required budget is not estimated properly then the project will generally face a
number of financial issues during the progress of the project.
Time: It is analyzed that around 118 days are generally required to implement the AI
within HSBC bank for resolving the operational challenges of the organization. The project
manager also assumes that the team leaders will track the project progress on a weekly basis and
therefore there will be no chance of schedule slippage.
5. Project roles and responsibilities
Stakeholders Roles and responsibilities
Project manager The project managers are the individuals with
very much excellent entrepreneurial mindset
who generally help in planning as well as
defining the scope for developing the project
plan and schedule. Proper planning generally

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