Project management: Project plan and Risk Analysis

Running head: PROJECT MANAGEMENT
Project management: Project plan and Risk Analysis
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Project plan and risk analysis
1. Project plan
This particular section of the report focuses on details of project planning. The software
design document includes different components and activities and based on the skills, approach
and knowledge of the project team members the activities are individually assigned to separate
resources. As soon as the tasks or activities are assigned it become their responsibilities to
accomplish assigned roles within estimated time maintaining all project requirements. After
estimating and analyzing the IOT based healthcare application project details it is determined
that the total time and cost needed or the projects are respectively 14 months and $900,000. Te
methods and estimation techniques that are employed to conduct the project are also elaborated
in the below section.
1.1 Methods applied to conduct the project
There are different methods used by the project managers and project team members to
deploy a cloud based project for the client companies. Agile, scrum, waterfall, Adaptive project
framework and PERT are the most widely used methodologies that helps to estimate the project
including identification of tasks, duration, resource identification etc. However, Agile project
management method is the most suitable one for this specific project. The details of such method
are elaborated below:
Waterfall method: This is the most generic and simple project development method used
to conduct any project successfully. This method is comprises of five phases in terms of
requirement gathering and analysis, design, implementation, verification and maintenance. At the

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initiation phase of this method the consumer specified requirements are listed to successfully
develop the content, design and plan for the project. After creating the physical product the
integrated system is validated and verified respectively to ensure whether it is ready to be
launched in the market or not.
Agile method: This method is most suitable for developing software products based on
the consumer’s expectations. The agile project managers are focused on creating ways for
delivering value after interacting with the consumers. The project managers have also expanded
the concept in many implementation frameworks which include extreme programming, scrum
project management etc.
PERT: Program Evaluation Review technique (PERT) is used to measure the time,
duration and cost of any project. This approach acts as tool used to plan activities within a
project to make the project easier. It helps to structure project schedule and make proper
coordination among the project team members. The PERT chart also helps to manage and
accomplish the work within estimated timeframe.
Prince2 method: The Prince2 method is also known as a process based method that is
used to achieve the project objectives an goals much effectively and efficiently. This method is
strictly business focused and helps to define organizational structure for the project manager.
This product based planning approach gives flexibility to the project team members and also
gives them controllable stages.

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1.2 Usage of estimation technique
There are different techniques used to create project plan including identification of tasks
its respective duration, resources and key milestones as well. The techniques are illustrated in
the below section:
PERT management method: For both the large scale small scale projects this estimation
method is very much applicable. However, for one time manufacturing and development
processes this technique is profitable. Through using this technique project manager can make
differentiation between the activities and events.
Critical path method: The Critical Path Method is focused on speeding up any task by
measuring its priority. Any project shows various directions following those it can be
accomplished. CPM governs the project through the most simple and easy direction. A project
manager can provide a clear and visible picture to the project team members by using the
concept of CPM.
Work Breakdown Structure: WBS is the other useful tool or technique used for
developing and sub-diving project activities. In order to complete the project within estimated
time frame and budget this is mandatory to segment the task into small parts. Individuals will be
assigned to those activities according to their responsibilities.
Gantt chart: Gantt chart is used to track any project and it makes the status and structure
of the project visible to the project team members. After completion of each phase the Gantt
chart must be monitored and checked by the project team members to understand what possible
changes are required to be incorporated by the project team members.