Sales Projection: Risk Management, Time Management, Implementation

Sales Projection

Contents
Introduction......................................................................................................................................3
PART 1............................................................................................................................................3
Project Risk Management.......................................................................................................3
Project Time management......................................................................................................5
Plan, Monitor, Control............................................................................................................7
PART 2............................................................................................................................................8
Project Implementation..........................................................................................................8
Part 3 -Personal Development.......................................................................................................13
1. Gibb’s Reflective Cycle:..................................................................................................13
2. Team Skill (Balbin):.........................................................................................................15
3. Personal development plan (PDP):...................................................................................16
CONCLUSION..............................................................................................................................17
References......................................................................................................................................18

Introduction
Project management consists in applying practices, strategies, skills, knowledge and
experience to meet project application requirements inside the established timeframe to specific
project goals (Boatright, 2017). The management of the project requires final reports that are
limited to a specific period and expenditure. Project planning consists of coordinating and
managing the personnel of an organization in order to accomplish a given mission, functions or
job. This may include a specific initiative or a continuing task, the controlled resources require
workers, budgets, innovations where patents. The respective project is based on sales projection
for upcoming years of small Company selling a particular good such as Sports equipment is
selected.
In this report, risk management plan, project time management, project implementation is
discussed. In addition, personal development plan is prepared in the context of sales projection is
also discussed.
PART 1
Project Risk Management
A risk management strategy is a framework designed by a project planner to predict risks,
quantify impacts and identify risk responses. The first step in risk assessment process, beginning
with company priorities, aligns with existing and also future targets. The second step in
developing a risk management strategy is to review digital infrastructure like platforms,
networks, applications, computers, suppliers and records. The risk assessment department would
continue to evaluate the risk after identifying threats. Positive threats, like early delivery of
product, also can result in bad risks, like inability of a client to fulfil a repayment plan. In
looking for a way to assess their future effects, the company must predict risks. It also includes a
framework for risk assessment (Rendtorff, 2017). In order to determine the risk related with
future sales of Sports equipment company the risk register is discussed underneath which also
support in analysing each project risk and make proper responses to resolve certain project risk.
The same is elaborated:
Risk Risk analysis
(Likelihood) Risk Response Consequences Control/ Mitigate risk
1. Regulatory risk Likely Arrange meeting, Due to various In order to keep away from

conferences so that
manager can convey
their ideas to other
team member
inaccurate
communication project
might faces the
respective harm.
the corresponding risk
manager of project
are needed to monitor other
people's actions and pay
close attention to
each employee's operation.
2. Resource risk Likely Maintain reserve for
additional resources
and only use them in
case of certain risk to
the project.
When Company is
planning the project at a
very wide level,
resources may be
shorten due which can
lead in delay production
and also making burden
over management level
as they fear to the
failure of project.
It is important to schedule
each and every available
resource in a very organized
manner and assign them
effectively by figuring out
the actual need of this help
to resolve the appropriate
risk.
3. Team conflicts
risk
Unlikely Make arrangement for
curriculum activity so
that team member can
share their
perspective and
thought with each
other.
The primary reason for
the corresponding risk
factor is that since team
leaders are not involved
and unable to interact
adequately with each
other, this is becoming
directly negative and
had an impact on their
success rates (Morrison,
2015). Due to intense
conflicts member
always tries to let down
the performance of
other team worker.
To accomplish through the
specific risk from company
it is important for the
project manager to work
considering the interest of
other and give inspiration so
that everyone can make
more of their best attempts
in a constructive way to
attain the company goal.