Evaluation of Project Management Methods and Risk Management in UAE Business Environment

This article evaluates project management methods, models, and theories in the UAE business environment. It assesses the value of project planning methods, individual plans, and project management processes for different situations and types of business objectives. It also identifies how risk is managed in projects and illustrates how risk can be mitigated in global, complex, or sensitive projects. The article provides examples of different projects and their risk management strategies.

Project Management – Template – TASK 1
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Guidelines:
Red indicates : Comment/Instruction/Guideline
Black indicates : Information provided to understanding the matters.
Blue indicates : Matter to included but re-rewritten in Learners word.
-Steps Provided like 1, 2, 3 etc are meant for the thought process to arrive at an answer
-Expected Word: 1000-1500 Words per TASK
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Scenario where Applicable: Consider your own organisation and the business environment
in UAE.
Task 1
1.1 Evaluate project management methods, models and underpinning theories
1. Select more than one project management methods, models and theory
For this specific project the company that is being nominated is Saifco Travel and tourism
LLC. The travel and tourism company offers throughout services for the consumers all over the
world. This is one of the leading tour operators in Dubai best known for their parallel consumer
services for inbound tours, desert safari, city tours and tourism services also.
Different project management methods, models and theories are available in the business
sectors that are widely followed by the head of the project organizations. This is mandatory for
the project managers to process any project and implement any project considering different
development aspects in terms of models and theories (Kendrick 2015). The three different
project implementation models adopted for this project are agile, waterfall and evaluation of
Critical Path Method (CPM). In order to implement this project the model and theory those
have been considered are elaborated in the below section.
2. Evaluate the Selected Project Management methods, models and theory
Waterfall method: Waterfall model is a type of sequential model which is used in the business
organizations for developing projects. Basically for developing software products the waterfall
models rather theory is used by the project managers (Martinelli and Milosevic 2016). This tour
and travel company uses a traditional ticket booking system which was interrupting the business
efficiency. In order to resolve the issues of traditional ticket booking system the company is
willing to develop an Information System (IS) to increase the business efficiency. The waterfall
model is comprises of five different phases starting with a requirements analysis phase and end
up with maintenance phase. The details of the phases are elaborated in the blow section:

Requirement analysis: Based on project details, project resources are to be allocated and all
necessary requirements should be gathered from the resources (Marcelino-Sadaba et al. 2014).
After collecting information a feasibility test is needed to make sure that the requirements are
valid for the project.
System design: After analyzing all the requirements the outline design for the system should be
prepared by the project manager. In addition to this, the other captures that should be considered
in this phase include hardware, software, functional and non functional requirements. The
document of the project s also designed in this phase.
Implementation: According to the created design the programs and codes should be prepared
by integrating the codes with unit testing (Spundak 2014).
System testing: After validation from the unit testing the system get prepared for the final
implementation. In this phase two other testing processes are done including integrated testing
and acceptance testing.
System deployment: The system is finally deployed in this phase.
System maintenance: For further success of the project proper maintenance planning should be
adopted by the project manager.
Agile method: The agile model is another incremental model that can also be used for the
successful implementation of Information System (IS). Through rapid cycle the incremental
model can be developed (Pinnington 2014). With small incremental model the design becomes
possible. In this process each of the small activity is being released with functional appreciation
and before final execution thorough testing are also being done by the heads.
It gives rapid consumer satisfaction with technical excellence and goof design outlines. Fr
changing the outline circumstances regular adoption of different factors is also required by the
project heads.
Evaluation of Critical Path Method: Projects can also be evaluated successfully by following
the phases of critical path method (CPM) that is comprises of check, act, plan and do. If all of
these phases are properly followed by the project team members and project managers then also
the project can be implemented successfully (Layton and Ostermiller 2017). In case of critical
path Method (CPM) a PERT chart is also designed by the project manage to provide a simple
schedule for the successful completion of the project. For increasing the overall business
efficiency application of this particular project management method is very much helpful.
1.2 Assess the value of project planning methods, individual plans and project management
processes for at least two different situation and types of business objectives.
1. Select at least two different Projects having different situation and business objectives
The two different projects selected for these particular sections are:
 Implementation of Information System in Saifco Travel and tourism LLC
 Reconstruction of the website for Istizada fashion
2. Assess the value of planning methods for the selected Projects

 If the Implementation of Information System in Saifco Travel and tourism LLC project
is successfully implemented then the overall business efficiency of the company will
increase (Hornstein 2015)
 Redesign and reconstruction of the Istizada website will help the company to grab more
consumers throughout the world.
3. Assess the value of individual plan for the selected Projects
 In order to implement the Information System in Saifco Travel and tourism LLC
the values of the individual project plans are
 Project goal
 Project objectives
 Project strength
 Individual actions
On the other hand, the individual project plans developed for the selected project of Istizada
Fashion Company are:
 Gathering feedback from the consumers throughout
 Reassignment of some additional roles and responsibilities
 Collecting progressive review from the regular intervals
4. Assess the value of project management processes for the selected Projects
1st Project: Regeneration and reconstruction of indoor stadium for Dubai recent Fitness
For this particular project the selected project process is comprises of 5 different phases such as
initiation, planning, execution, monitoring and control and close phase. In the initiation phase the
ROI and feasibility calculation for the entire investment will be calculated (Pinnington 2014).
From the design background it is estimated that total 30 million will be needed for the successful
accomplishment of the project.
Project 2:
[Write the basic and Important elements of Project]
The type of the project elements may vary for different projects. However the most essential
elements nominated for this project include strategic planning, product development,
communication, resources and people (Serrador and Pinto 2015). If all of the above mentioned
elements are properly selected then the company will be able to gain measureable profit margin
and competitive advantages too. Therefore, it is their responsibility to adopt these elements
professionally to avoid overrunning cost and over allocated budget while implementing the
Information System for the company.
Assess the value of planning methods for the selected Projects
CPM is referred to as step by step process that defines both the critical and non critical tasks.
The timeframe oriented issues can be prevented and also the project complexities will also
decrease completely. The steps that are to be followed by the project manager of this project
include the following:

 The project objectives will be defined in a sequential order
 In order to show the relationship between the different project activities a flow chart
will be created (Joslin and Muller 2015)
 The relationship among the critical and Non critical tasks will be identified
 Determination of the execution time period
 Locating the diverse alternatives for the critical paths
Assess the value of individual plans for the selected Projects
For this specific project the planning method that has been selected is the Critical Path Method
(CPM). This planning method will increase the business efficiency. It is expected that, initially
estimated budget of $30 Million will decrease to $17.5 Million if the project duration is being
reduced.
Project sponsors: Different advertisement agencies will take the responsibility of the project
sponsorship for the implementation of the IS project.
Project manager: The project manager is responsible to control and monitor the progress of the
project to make sure that the company is gaining measurable commercial success and
competitive advantages too.
Steering committee members: The project steering committee gives strategic direction by
means of supporting actions. Basically all governing actions are undertaken by the steering
committee of the project to make sure that the difficulties can be resolved (Serrador and Pinto
2015).
Team members: The allocated project team is comprises of system designer, developer, tester,
operation manager, application programming manager and HR team members.
4. Assess the value of project management processes for the selected Projects.
The project management processes chosen for this project include:
 Project initiation
 Project planning
 Project execution and
 Project closure
1.3 Identify how risk is managed in projects and illustrate how risk can be mitigated in
global, complex or sensitive projects.
1. Consider risks in some in global, complex or sensitive Projects and identify how the risks
are managed.
The golden rules for managing the risks are as follows:
 Development of project management plan
 Risk identification
 Communication regarding the risks
 Consideration of threats and opportunities
 Ownership issues clarification

 Risk prioritization
 Risk analysis
 Risk response
 Risk register design
 Risk tracking
2. Identify and Illustrate how risks can be mitigated.
The identified risk and the mitigation approaches for this project are as follows:
Risks Mitigation Approaches
Security risks In order to make the system secured from the
unauthenticated and external attackers the
security mechanisms that are to be adopted by
the system developer include the encryption
and decryption technology and application
firewall.
Lack of technical knowledge Technology is developing every day
therefore; proper on job training and
development program should be arranged by
the project manager to make the team
members more familiar to the project
objectives and the consumer’s needs
(Kendrick 2015).
Over allocation of cost Before initiating the project, a feasibility
study must be calculated to avoid overrunning
budget.

References
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