Project Management: Objectives, Methodologies, Risk Analysis, Stakeholder Analysis, Work Breakdown Structure, Quality Expectations and Acceptance Criteria

Project Management
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Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Project objectives and effectiveness of project management methodology................................3
TASK 2............................................................................................................................................4
Calculation of the earliest starting time and latest starting time with critical path and Gantt
chart.............................................................................................................................................4
TASK 3............................................................................................................................................7
Stakeholder analysis for project management.............................................................................7
TASK 4............................................................................................................................................9
Importance of work breakdown structure for music event..........................................................9
TASK 5..........................................................................................................................................10
Risk analysis and risk management strategies...........................................................................10
TASK 6..........................................................................................................................................12
Quality expectation and acceptance criteria..............................................................................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
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INTRODUCTION
Project management is all about an application of methods, skills and processes to
accomplish project objectives (Demirkesen and Ozorhon, 2017). This study is going to discuss
effectiveness of project management methodologies in completing music event. It will further
discuss risk management plan and ways in which it helps in mitigating risks. It will further
discuss importance of stakeholder analysis and maintaining quality.
TASK 1
Project objectives and effectiveness of project management methodology
This project is all about to develop music concert bin order to allow people to enjoy. The
main reason of this music consent event is to allow people by which they can enjoy and can
make their mood refreshed. Project management methodologies play a vital role in completing
project with effectiveness. Waterfall, Prince 2 and agile are main project management
methodology that can make project manager able in completing this project in a timely and
successful manner.
Agile: It is an effective methodology that helps manager in completing as well as
managing project by breaking down it into several easier phases (Rasnacis and Berzisa, 2017). It
helps project managers in delivering value to customers as the focus of project manager is on
employees' collaboration and an improved communication.
Pros
 It improves flexibility and team collaboration.
 It improves communication
Cons
 Limited documentation is the main limitation.
 It becomes difficult in measuring performance in this methodology.
Waterfall: It is other effective project management approach whose focus is on linear
progression from beginning to end of project. It is a sequential methodology which means,
project manager needs to perform next stage only after completing previous stage in an effective
manner. He cannot go back on previous stage (Andrei and et.al., 2019).
Pros
 Easier to understand.
 Reduces waste within an operation.
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Cons
 As like agile, there is no scope of discovery and refinement while developing product.
 Not suitable for those projects where clients’ requirements get changed.
As it is music concert but clients’ requirements can be changed any time so accordingly, Agile
methodology would be better.
TASK 2
Calculation of the earliest starting time and latest starting time with critical path and Gantt chart
Gantt chart
Task Name Duration Start Finish Predecessors Early Start Early Finish
Budget approval 1 day Mon
11/8/21
Mon
11/8/21 Mon 11/8/21 Mon 11/8/21
Hire publicity
director 14 days Tue 11/9/21 Fri
11/26/21 1 Tue 11/9/21 Fri 11/26/21
Hire set designer 14 days Tue 11/9/21 Fri
11/26/21 1 Tue 11/9/21 Fri 11/26/21
Hire place for
auditions 7 days Mon
11/29/21 Tue 12/7/21 2 Mon 11/29/21 Tue 12/7/21
Advertising to hire
crew and cast 7 days Wed
12/8/21
Thu
12/16/21 4 Wed 12/8/21 Thu 12/16/21
Hire production
and publicity crew 28 days Fri 12/17/21 Tue 1/25/22 5 Fri 12/17/21 Tue 1/25/22
Set designed and
built 42 days Wed
1/26/22
Thu
3/24/22 3,6 Wed 1/26/22 Thu 3/24/22
Train production
crew 12 days Wed
1/26/22
Thu
2/10/22 3,6 Wed 1/26/22 Thu 2/10/22
Auditions to hire
cast 2 days Fri 12/17/21 Mon
12/20/21 5 Fri 12/17/21 Mon 12/20/21
Cast rehearsal 84 days Tue
12/21/21 Fri 4/15/22 9 Tue 12/21/21 Fri 4/15/22
Hire orchestra 7 days Tue 11/9/21 Wed
11/17/21 1 Tue 11/9/21 Wed 11/17/21
Music 7 days Thu
11/18/21
Fri
11/26/21 11 Thu 11/18/21 Fri 11/26/21
Photograph cast
and crew & collect
biographies
35 days Wed
1/26/22 Tue 3/15/22 6,9,11 Wed 1/26/22 Tue 3/15/22
Enter information
into computer 1 day Wed
3/16/22
Wed
3/16/22 13 Wed 3/16/22 Wed 3/16/22
Printing 5 days Thu 3/17/22 Wed 14 Thu 3/17/22 Wed 3/23/22
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