logo

Detailed Design and Planning of Modular Factory

   

Added on  2019-09-26

11 Pages1291 Words137 Views
 | 
 | 
 | 
Project ManagementStudent Name:Student ID:University Name:
Detailed Design and Planning of Modular Factory_1

Table of ContentsRisk Register..............................................................................................................................3Planning and costs......................................................................................................................7Work Breakdown Structure........................................................................................................9Reference List..........................................................................................................................13
Detailed Design and Planning of Modular Factory_2

The resources that are to be used in the project installation must be examined for the bestones available, however it is impossible to cross check every single resources that flows inthe making of the project. Therefore the project, in order to succeed, must have a backup planin case of failures in the strategies applied in the project.Risk RegisterWeekDate ofidentification ofrisksIdentifiedproblems/ risksAccountable figureImpactlevelImpact on theprojectActions takento reduce therisks1Risksrelated tocostingProjectmanager inchargeMRisks related tocosting canadverselyimpact thebusiness project,as costing riskrefer to thecircumstanceswhere the actualcosts arewitnessed to beexceeding thedeterminedbudgeting. Itcan further leadthe projecttowards variousrelated theperformancerisks of aproject, if it isnot addressed ina significantmanner(Cagliano et al.,2015). In order tomitigate therisks related tocosting, theproject team isrequired todemonstrate theproject througha workbreakdownstructure. Inthis regard, theproject wouldbe providedwithaparamountstandard ofassistance inevaluating theplannedoutcomes,rather thanplanned actionsin a significantmanner.2Risksrelated totimeProjectmanager inchargeHThis refers tothe risks relatedto timemanagement,where theevents take alonger amountof time thanexpected. It is ofparamountIn order tomitigate thisrisk, the projectmanagementteam hasinitiated severaltrainingsessions andseminarsrelated to time
Detailed Design and Planning of Modular Factory_3

importance tomitigate thisparticular risk inorder to preventthe project fromvarious risksrelated toexcessivecosting, and addfurther delays inthe completionof the project(Hornstein ̧2015). management. Inbrief, thetrainingsessionsprovided to theemployeesassociated withthe projectmanagementteam withnecessaryinformation andmotivation thatcan provide aparamountstandard ofassistance tothe team inorder to realizethe importanceof timemanagement.This can helpthe employeesin workingmoreefficiently.3Risksrelated toperformanceTeamleader ofthe projectMPerformancerisks refer to thetype of risksthat expose aproject towardsthe risk of notbeing completedunder thedesired level ofoutcome. Inbrief, it refers tothecircumstancewhere theproject isunderperforming,incomparisonwith the desiredoutcomes of theproject.In order tomitigate therisks related tounderperformance of a project,the projectmanagementteam hasutilizedfundamentalmethods relatedto cost riskanalysis andscheduling,which arecompletelyrelated to theparticular areaof the project.With respect tothis, the projectmanagementteam has
Detailed Design and Planning of Modular Factory_4

End of preview

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

Related Documents