Project Management - Desklib

Running head: PROJECT MANAGEMENT
Project Management
Name of the Student
Name of the University
Lecturer’s Name

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Table of Contents
Segment 3 – Project Schedule......................................................................................................................................................................................2
Network Diagram...................................................................................................................2
Critical Path Analysis.............................................................................................................4
Recommendations to shorten the duration of the project.......................................................5
To check whether the project is time-constrained..................................................................5
Evaluation of time-phased budget..........................................................................................6
Segment 4: Risk Assessment......................................................................................................................................................................................11
Likely risk factors associated with the CRM software development...................................11
Assessment of Probability and Impact of each risk.............................................................12
Risk Assessment Form.........................................................................................................14
Risk Severity Matrix............................................................................................................16
Preliminary Strategy for Risk Mitigation.............................................................................17
PERT Analysis Graph..........................................................................................................22
References..................................................................................................................................................................................................................24

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Segment 3 – Project Schedule
Network Diagram

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Gantt Chart

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Critical Path Analysis

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The red line in the diagram denotes the critical path. It can be concluded after analysing the critical path that the project will take 60 days
to complete. Considering the slack time of the project plan, it can be observed that there are some activities which can be delayed little further
and it will not delay the project. For example, in case of testing, the unit testing can be delayed until 29 days. The integration testing can be
delayed till 67 days. Likewise, the summary activities- documentation, deployment and pilot all have the slack time, and they can be delayed to a
certain extent.
Recommendations to shorten the duration of the project
The project manager has prepared the project plan for the CRM software development. The project will take 107 days to complete .
However, the duration of the project can be shortened by executing some project activities in parallel. In case of testing, the tester can carry out
the unit testing and the integration testing in parallel; it will save a lot of time. The documentation of the software project can be prepared right
after the testing. Therefore, the technical communicators can work on the documentation while the trainer is busy training the end users. Again,
the pilot and the deployment project activities can be executed in parallel. In this way, the project manager can optimise the duration of the
project by choosing the predecessor wisely.
To check whether the project is time-constrained
The table showcases a list of activities along with the resources. The resources have been distributed among the activities uniformly. The
project is not overloaded with resources and is not running out of the schedule. The project will take 107 days. The stakeholders will have to
complete the project within the fixed deadline that is 107 days.