Project Management Fundamentals

This assignment explores fundamental principles of project management. It delves into various stages including project planning, defining activities, evaluation methods, documentation best practices, and the final project closure process. Understanding these core concepts is essential for effective project leadership and successful outcomes.

Running head: BUSINESS CASE PROPOSAL
Business Case Proposal
A New Book Shop Website for CDU Students
Name of the Student:
Student ID:
Name of the Student:
Author’s note:

<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
Table of Contents
10 Project Risk Management.....................................................................................................2
10a. Risk Register..................................................................................................................2
10b. Risk Matrix..................................................................................................................... 4
10c. Risk Management Procedure.........................................................................................5
10d. Other Information related to Risk Management.............................................................6
11. Change and Issue Management..........................................................................................8
11a. Outline of the Change Management Process and Change Authority Developed..........8
11b. Outline of the Configuration Management Procedure....................................................8
11c. Project Approach for Exigent Circumstances and Problems..........................................9
12. Project Progress Control....................................................................................................10
12a. Project Control Mechanisms........................................................................................10
12b. Outline of Allowable Project Tolerances......................................................................11
12c. Staging Project Plan.....................................................................................................11
References.............................................................................................................................. 12
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
10 Project Risk Management
The project of developing a new book shop website for CDU students would be formed
for developing the effective operations of the looking and buying for the book from the online
website of the CDU. The website implementation for CDU would help the students for carrying
out the development of smart information system implementation (Pritchard and PMP, 2014).
The analysis of the risk factors would help the project for integrating the improvement of the
operational processing to sort the indefinite development for the project.
10a. Risk Register
The risk register for the project of developing a new book shop website for CDU
students is given below,
Name Lack of
managemen
t
Missing
Equipment
Environment
Attrition of
employees
Change of
Scope
Software
Problem
Category Operational Technical Management Operational Technical
Impact Moderate High Moderate Low Critical
Probabilit
y
Rare Unlikely Probable Likely Certain
Rating Medium Medium High High Medium Low Extreme
Mitigation Development
of proper
management
plan for
implementin
g the
effective and
improved
processing
of activities
supporting
The
development
of resource
management
plan would
help in
integrating the
effective
deployment of
the system
integration for
The effective
leadership and
deployment of
the operations
would tend to
form the
analysis of the
effective
deployment of
the motivation
and evaluation
The change of
the project
scope would
involve the
development
of the
effective
communicatio
n and
development
of the
The use of IT
system
development
cycle would
help in
forming the
deployment of
the effective
software for
the project
activities. The
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
the
implication of
the project
management
concepts. It
would help in
developing
the improved
functions for
the
management
of the
operations of
the project
system
development
.
the
deployment of
the project
system
integration
and
development
of the
improved
processing.
The
integration of
the operations
would tend to
for the
appropriate
checklist for
the analysis of
the project
operations.
of the team
members. The
attrition can be
minimized by
the help of
involving the
scheme of
rewards and
recognition,
appraisals and
appreciation,
and effective
communication
.
operations.
The
employment
of the project
integration
would be
developed for
forming the
effective
system
integration for
the
deployment of
the change
management
plan.
software
analysis plan
would be
helpful for
carving out
the intentional
development
of the
processing
and migration.
Owner Project
Board
Members
IT
implementatio
n team
Project
Manager/Tea
m Leaders
Project
manager
IT
implementatio
n team
Strategy The
implication
and
development
of proper
management
plan for
implementin
g the
The
management
of the project
would involve
the
development
for implying
the safety
development
The attrition
can be
minimized by
the help of
involving the
scheme of
rewards and
recognition,
appraisals and
The website
implementation
for CDU would
help the
students for
carrying out the
development of
smart
information
system
The software
analysis plan
would be
helpful for
carving out
the intentional
development
of the
processing
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
effective and
improved
processing
of activities
supporting
the
implication of
the project
management
concepts. It
would help in
developing
the improved
functions for
the
management
of the
operations of
the project
system
development
.
for the
projects. The
integration of
the operations
would tend to
for the
appropriate
checklist for
the analysis of
the project
operations.
appreciation,
and effective
communication
. The
integration of
the effective
management
strategy would
tend to
evaluate the
concept of the
team build up
and team
work. It would
result in
decreasing the
overall attrition
rates of the
team
members.
implementation
The analysis of
the risk factors
would help the
project for
integrating the
improvement of
the operational
processing to
sort the
indefinite
development
for the project.
and migration.
The use of the
specific
system
development
cycle would
involve the
carrying out of
the activities
of the project
operations.
Table 1: Risk Register for the Project
(Source: Wu, Chen and Olson 2014, pp-4)
10b. Risk Matrix
The risk matrix for the project of developing a new book shop website for CDU students
is given below,
Name Risk
type
Risk description Impact Probability Rating
Lack of
management
External Absence of the proper
management process would
Moderat Rare Medium
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
form the issues of the
integration of the project
integration and integrated
communication plan.
e
Missing
Equipment
Environment
Internal Some equipment can be
missed out from the
development of the project
operations and the significant
development of the
organization for the
operations of the
organization.
High Unlikely Medium
High
Attrition of
employees
Internal Some employees tend to
leave the company and it
would involve the lack of the
effective management of the
operations.
Moderat
e
Probable High
Change of
Scope
External The change of the scope
would deploy the
implementation of the
operations and some issues
in implying the development
of the operations and
effective deployment of the
effective processing and
implementation.
Low Likely Medium
Low
Software
Problem
internal The technical problems are a
major factor for the
deployment of the issues in
problems in the website
development of the CDU.
Critical Certain Extreme
Table 2: Risk Matrix for the Project
(Source: Wu, Chen and Olson 2014, pp-5)
10c. Risk Management Procedure
The risk management procedure would involve the deployment of the effective and
improved risk analysis process for the development of the risk assessment and analysis
(McNeil, Frey and Embrechts 2015). The significant analysis of the project would tend to
involve the significant development of operation employment and its symbolic processes. The
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
risk management procedure would help in integrating the effective deployment of project
functions for ensuring the website development is achieved. The management of the risk
would be developed by forming risk assessment and analysis plan. The website
implementation for CDU would help the students for carrying out the development of smart
information system implementation. The analysis of the risk factors would help the project for
integrating the improvement of the operational processing to sort the indefinite development
for the project. The identification of the risk would be implied for forming the effective risk
factor identification of the risk analysis (Lam 2014). The risk monitoring would involve the
development of some processes and methods for implementing the effective and improved
operations for the project of developing a new book shop website for CDU students. The risk
analysis can be done by using the data analysis methods like surveys, reports, and other
documents.
10d. Other Information related to Risk Management
Risk management planning: The risk management planning would help in integrating
the effective deployment of project functions for ensuring the website development is
achieved (Glendon, Clarke and McKenna 2016). The significant analysis of the project would
tend to involve the significant development of operation employment and its symbolic
processes. The management of the risk would be developed by forming risk assessment and
analysis plan. The website implementation for CDU would help the students for carrying out
the development of smart information system implementation. The analysis of the risk factors
would help the project for integrating the improvement of the operational processing to sort
the indefinite development for the project.
Risk Identification: It is done for identifying the various factors of risk assessment and
its analysis for sorting out the factors of the risk in the project. The identification of risk factor
would evaluate the development of the improved processes in the organization.
Qualitative Risk Analysis: The analysis of the impact of the changes would be
critically evaluated for forming the effective integration and management of the operations.
The analysis of the change and its impact would result in either forming the development of
the project operations with change implementation or rejection of the change implementation.
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
Quantitative Risk Analysis: The analysis of the impact of the changes would be
statistically evaluated for forming the effective integration and management of the operations
(Hwang, Zhao and Toh 2014). The analysis of the change and its impact would result in either
forming the development of the project operations with change implementation or rejection of
the change implementation.
Risk Response Planning: The risk response planning would involve the development
of the system development for the implication of the processes of the development (Kopmans
2014). The risk response planning would help in formulating some methods for the change
control process of the project of developing a new book shop website for CDU students
Risk monitoring and control: The risk monitoring would involve the development of
some processes and methods for implementing the effective and improved operations for the
project of developing a new book shop website for CDU students.
Risk analysis techniques used: The risk analysis can be done by online surveys and
documentation. The data collected and analysed would be collected for forming the effective
analysis of risk factors.
Risk acceptance parameters/criteria: The Time, Cost, Quality, Benefit, and Scope
would be developed for forming the integration of the project operations.
Risk categories: Operational, technical, structural, finance etc.
Change control processes: The change of the project scope would involve the development
of the effective communication and development of the operations. The employment of the
project integration would be developed for forming the effective system integration for the
deployment of the change management plan (Hwang Zhao and Toh 2014). The change
control process for the project of developing a new book shop website for CDU students
would involve the use of the five basic steps. These five steps are request for change,
analysis of the impact, approval or denial of the change, implementation of the change, and
review or reporting the change. The change management would involve the development of
the system development for the implication of the processes of the development (kKo Cole et
al. 2013). The control process is an analysis of the project of website development for CDU
students.
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
11. Change and Issue Management
11a. Outline of the Change Management Process and Change Authority
Developed
Change management includes the significant analysis of the project would tend to
involve the significant development of operation employment and its symbolic processes. The
change control process for the project of developing a new book shop website for CDU
students would involve the use of the five basic steps. These five steps are request for
change, analysis of the impact, approval or denial of the change, implementation of the
change, and review or reporting the change (Design 2017). The change management would
involve the development of the system development for the implication of the processes of the
development. The control process is an analysis of the project of website development for
CDU students. Implementation of the change process would consider the development of the
project integration and development. The initial analysis of the project would involve the flow
of operations (Glendon et al. 2016). The change implementation would form the issues in
integrating the deployment of the project progress and successive implementation process.
The approved changes of the project would be implied in the successive deployment of the
project operations. The implementation would be considered for integrating the adaptive
analysis of the project integration management. The final activity is the review of reporting of
the project of developing a new book shop website for CDU students is formed for the
development of an overview of the changes implemented in the project (DeAngelo and Stulz,
2015). The most effective and improved processing for the project would inherit the
development of the improvement facilities.
11b. Outline of the Configuration Management Procedure
The outline of the project’s configuration management procedure includes the
configuration identification, change management, configuration status accounting and
configuration audits (Chance and Brooks 2015). The following table would involve the
configuration management procedure for the project of developing a new book shop website
for CDU students,
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<<Group Name>> <<Group Member’s Surname>> <<Student Number>>
Name of the
Step
Description
Configuration
Identification
The first step of the configuration management procedure is requesting for
the implementation of the change. The request is received for implying the
change.
Change
Management
The change management would involve the development of the system
development for the implication of the processes of the development.
The change control process for the project of developing a new book shop
website for CDU students would involve the use of the five basic steps namely
request for change, analysis of the impact, approval or denial of the change,
implementation of the change, and review or reporting the change.
Configuration
Status
Accounting
The analysis of the impact of the changes would be critically evaluated for
forming the effective integration and management of the operations. The
analysis of the change and its impact would result in either forming the
development of the project operations with Configuration Status
Accounting. The Configuration Status Accounting would form the issues in
integrating the deployment of the project progress and successive
implementation process.
Configuration
Audits
The final activity is the audit of the configuration activities of developing a
new book shop website for CDU students is formed for the development of
an overview of the changes implemented in the project. The most effective
and improved processing for the project would inherit the development of
the improvement facilities by the Configuration Audits.
Table:
(Source: Bromiley et al. 2015, pp-265)
11c. Project Approach for Exigent Circumstances and Problems
The most significant development of the project approach for dealing with the exigent
circumstances and problems includes the use of the following process,
Step
1
The analysis of the impact of the exigent circumstances and problems would be
critically evaluated for forming the effective integration and management of the
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operations (Brindley 2017). The analysis of the exigent circumstances and problems
and their impact would result in either forming the development of the project
operations with prioritization of the project.
Step
2
The change implementation would form the effectiveness in integrating the deployment
of the project progress and successive implementation process for dealing with exigent
circumstances and problems. The approved changes of the project would be implied in
the successive deployment of the project operations.
Step
3
The review of reporting of the project of developing a new book shop website for CDU
students is formed for the development of an overview of the changes implemented in
the project. The most effective and improved processing for the project would inherit
the development of the improvement facilities.
Step
4
The final activity is the audit of the configuration activities of developing a new book
shop website for CDU students is formed for the development of an overview of the
changes implemented in the project.
Table:
(Source: Bromiley et al. 2015, pp-275)
12. Project Progress Control
12a. Project Control Mechanisms
The project control mechanism is employed for the project of developing a new book
shop website for CDU students and it would help in developing the effective flow of the
operations in the organization. The project would involve the 3 step process of the controlling
the operations of the project (Aven 2016). The project controlling would be done by employing
the effective and smart project planning, executing, and evaluation process. The project
planning would form the integration of the deployment of the project progress and successive
implementation process. The approved changes of the project would be implied in the
successive deployment of the project operations. The implementation would be considered for
integrating the adaptive analysis of the project integration management. The project
evaluation consists of the specific methods and processes for the development of the effective
project operations. According to Bolton, Chen and Wang (2013), the project analysis would
involve the development of the evaluation method for critical analysis of the project
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operations. The formation of the project reports would consider the analysis of the project
involvement.
12b. Outline of Allowable Project Tolerances
Factor Management Level
Time Project Manager
Cost Sponsor
Quality Website Designer
Benefit Project Team
Scope Client
Risk Project Manager
12c. Staging Project Plan
The project plan for the project of developing a new book shop website for CDU students
would involve,
 Project Initialization
 Project Planning
 Project Activities
 Project Evaluation
 Project Documentation
 Project Closure
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References
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foundation. European Journal of Operational Research, 253(1), 1-13.
Bolton, P., Chen, H., and Wang, N. 2013. Market timing, investment, and risk
management. Journal of Financial Economics, 109(1), 40-62.
Brindley, C. (Ed.). 2017. Supply chain risk. Taylor & Francis.
Bromiley, P., McShane, M., Nair, A., and Rustambekov, E. 2015. Enterprise risk
management: Review, critique, and research directions. Long range planning, 48(4), 265-276.
Chance, D. M., and Brooks, R. 2015. Introduction to derivatives and risk management.
Cengage Learning.
DeAngelo, H., and Stulz, R. M. 2015. Liquid-claim production, risk management, and bank
capital structure: Why high leverage is optimal for banks. Journal of Financial
Economics, 116(2), 219-236.
Design, R. W. 2017. How much does a website cost? Retrieved July 22, 2017, from Red Fox:
https://redfoxw Hinde, D. (2012). PRINCE 2 STUDY GUIDE. West Sussex, UK: John & Wiley
Ltd.
Glendon, A. I., Clarke, S., and McKenna, E. 2016. Human safety and risk management. Crc
Press.
Hwang, B. G., Zhao, X., and Toh, L. P. 2014. Risk management in small construction projects
in Singapore: status, barriers and impact. International Journal of Project Management, 32(1),
116-124.
kKo Cole, S., Giné, X., Tobacman, J., Topalova, P., Townsend, R., and Vickery, J. 2013.
Barriers to household risk management: Evidence from India. American Economic Journal:
Applied Economics, 5(1), 104-135.
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