Analysis of Enterprise Environmental Factors and Impact

This report addresses Enterprise Environmental Factors (EEF) and their impact on project management, focusing on risk management strategies. The report begins by identifying EEFs, including quality standards, organizational infrastructure, and project management information systems. It proposes r...Read More

Running head: EEF AND TOOLS OF IMPACT ANALYSIS
EEF AND TOOLS OF IMPACT ANALYSIS
Name of the Student
Name of the University
Author Note

1EEF AND TOOLS OF IMPACT ANALYSIS
Q1. Identify enterprise environmental factors (EEF) of the project.
The enterprise environmental factors included in the given case studies are the quality
standard, proper implementation, organizational infrastructure, leadership, project
management information system (PMIS) and work authorization systems.
Q2. Propose a tool, technique or framework intend to use for qualitative and/or quantitative
impact analysis of EEF.
Risk management can be used to use for qualitative and/or quantitative impact analysis of
enterprise environmental factors (EEF). Qualitative risk analysis can be performed to
prioritize the risks in both the organizations, so that it helps the organizations to frame and
implement the enterprise environment factors properly and effectively. Risk management
plan is the secondary plan of project management plan, and the project management plan
includes the roles and responsibilities to administer risk management as well as budgets,
schedules, definitions and categories of risks. Risk probability and impact assessment is the
tool used to perform qualitative risk analysis.1 On the other hand, data gathering and
representation techniques, quantitative risk analysis and modelling techniques, modelling and
simulation and expert judgement are the tools used in performing the quantitative risk
analysis.
Q3. Justify why the selected tool/technique is appropriate.
Risk management will help to identify the risks for the upcoming projects and the
organizations can strategize the plans accordingly, which will reduce the risk factors of both
the companies stated in the case studies. It actually helps to analyse the impact of the risks
and the probabilities, which are assigned and understood according to the definitions given in
1 Yeboah-Boateng, E.O. and Essandoh, K.A., 2014. Factors influencing the adoption of cloud
computing by small and medium enterprises in developing economies. International Journal of
Emerging Science and Engineering, 2(4), pp.13-20.

2EEF AND TOOLS OF IMPACT ANALYSIS
the project management plan2. Risks are categorized and individual actions can be planned
das per the impact of the risks categorized. It will help to learn from the mistakes from the
previous projects. It will also help to prepare the guidelines which can be followed in future
to avoid or reduce the risks.
2 Aven, T. and Zio, E., 2014. Foundational issues in risk assessment and risk
management. Risk Analysis, 34(7), pp.1164-1172.

3EEF AND TOOLS OF IMPACT ANALYSIS
References
Aven, T. and Zio, E., 2014. Foundational issues in risk assessment and risk
management. Risk Analysis, 34(7), pp.1164-1172.
Yeboah-Boateng, E.O. and Essandoh, K.A., 2014. Factors influencing the adoption of cloud
computing by small and medium enterprises in developing economies. International Journal
of Emerging Science and Engineering, 2(4), pp.13-20.