logo

Assignment on Risk in Project Plan

   

Added on  2020-06-05

16 Pages3902 Words53 Views
Project Management

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1: PROJECT INITIATION DOCUMENT (PID)................................................................2Budgetary information............................................................................................................2Timescales..............................................................................................................................2Major staff..............................................................................................................................2Analysis of Stakeholders........................................................................................................3TASK 2: RISK REGISTER.............................................................................................................4TASK 3: GANTT CHART..............................................................................................................6TASK 4: PROJECT SPONSOR......................................................................................................91. Importance and potential impact of quality risk management plans..................................9b. Examination and investigate of the potential significance of PRINCE2.........................11RECOMMENDATIONS AND CONCLUSION..........................................................................12REFERENCES..............................................................................................................................13

INTRODUCTIONBusiness environment includes many types of changes which need to be adapted or accepted bythe organisation in order to offer and gain effective outcomes. The project which are developedneeds to be supported by a skilled project manager. There are various factors which are neededto be considered such as human resource management, cost and time management, risk analysis,etc. Project management can be referred as an analytical approach which assists in formingregulations, principles and rules in order to accomplish project and achieve the best results. Thepresent report is in context to Business School at Roehampton University which is planning afull refurbishment in the teaching rooms and computing lab within Queen's building. Thisassignment will identify and analyse the risk involved in project plan. Furthermore, it will covervarious activities of the project plan along with time estimation to complete it. The aim andobjectives for completing project effectively are mentioned as below -Aim –To refurbish the computer lab and teaching rooms for Queens' Building Objectives: To develop a comfortable and healthy learning environment for students as well asteachersTo design and develop a building that be utilised as technological lab by faculty To determine the various functions such as power consumption, energy management, etc.To accomplish the project with estimated budget of $10000. It is essential for the project manager to develop and set up an appropriate planconsidering each and every aspect of the project related to refurbishment. The employees arealso essential components which can support in the activities related to the refurbishment, it canhelp in conducting the project activities. to be planned according to requirement of the projectand the most important thing to consider while planning or performing activities is the budget.Budget plays a vital role in every project plan and so, it is significant for project manager tomake a budget for the project so that risk of loss related to money or investment can beminimised. The individuals involved in a particular project require certain skills and knowledgein order to perform their tasks in an effective manner. It is important to provide beneficialtrainings to the employees and other people involved in the project plan. 1

TASK 1: PROJECT INITIATION DOCUMENT (PID)A Project Initiation Document (PID) is known as one of the most essential elements ofproject management which develops the foundation of an organisation project. It is an importantreference point during the whole project for client and t team. The main purpose of the ProjectInitiation Document is to record and capture relevant information required to effectively plan anddefine the project. Budgetary information Every project needs a set of activities which are properly designed and developed in orderto achieve the main objective. Timescales There are different kinds of exercises or undertakings that are to be resolved with the goalthat means by steps consummation of task are conceivable. With this regard, following are theaggregate days that will be taken and the exercises that should be centered on with their days: Assignments tobe finishedTime taken foreach assignment Start stage23 daysPlanning stage21 daysExecution phase28 daysObserving andcontrolling stage33 daysClosure phase14 daysTotal timetaken119 daysMajor staff Every one of the exercises must be finished when there is bolster from the side of keyindividuals required keeping in mind the end goal to lead the activity in powerful way. At thispoint when the parts or acrticvities that must be played by them isn't powerful, at that point it cancause major issue of the Project (Boud and et.al, 2014). Following are the key partners with theirduties engaged with the project: Asset administrators: These individuals control assets that are required for the task 2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Project Management: PID and Stakeholder Analysis
|18
|3189
|77

Refurbishment of Teaching Rooms and Computing Labs in the Queen’s Building - Project Management
|32
|4945
|66

Stakeholder Analysis in Project Management PDF
|23
|3916
|78

Project Management Assignment- QA Higher Education
|16
|3716
|114

Project Management Assignment - (QAHE)
|18
|3683
|59

Report on Understanding Phases of Project Management
|16
|3764
|157