Report on Project Selection Methods and Initial Documents, PROJ6000

Verified

Added on  2022/10/04

|9
|2138
|15
Report
AI Summary
This report delves into the critical procedures involved in project selection, emphasizing the importance of choosing appropriate and relevant methods for effective project development. It highlights the need for justifications in the selection process, comparing different approaches and identifying their strengths and weaknesses. The report explores various project management methodologies, including Scrum, Waterfall, and Agile, with a preference for the Agile methodology due to its flexibility and adaptability. It also covers essential project management tools such as network diagrams, Gantt charts, scheduling techniques, and risk assessment strategies. The report analyzes the Uber case study, demonstrating how effective project selection aligns with business requirements and customer needs, ultimately contributing to business growth and efficiency. The report concludes by summarizing the identified risks and providing potential mitigation strategies.
tabler-icon-diamond-filled.svg

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Running head: REPORT ON THE PROJECT SELECTION METHOD
REPORT
ON
THE PROJECT SELECTION METHOD
Name of the Student
Name of the University
Author Note:
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
1REPORTON THE PROJECT SELECTION METHOD
Table of Contents
Introduction...........................................................................................................................................2
Discussion.............................................................................................................................................2
Project Management Approaches......................................................................................................4
Scrum Model.................................................................................................................................4
Waterfall Model.............................................................................................................................4
Agile Method.................................................................................................................................5
Project Management Tools................................................................................................................6
Network Diagram..........................................................................................................................6
Gantt Chart....................................................................................................................................6
Scheduling.....................................................................................................................................6
Risk Assessment................................................................................................................................6
Conclusion.............................................................................................................................................6
Bibliography:.........................................................................................................................................7
Document Page
2REPORTON THE PROJECT SELECTION METHOD
Introduction
This paper aims at elaborating the procedures related to the selection of the procedures for the
project. This report also incorporates the profound and detailed elaboration of the initial procedures in
alignment to that mentioned in the project. The fundamental aspect in the selection procedure of a
project is that the selection should be appropriate and relevant and in due course of this entire
procedure, this will impart effectiveness in the methodology of project development. The project
selection procedure should be equipped with potentials that facilitates it with the capabilities of
providing relevant justifications on the behalf of its selection procedure.
Also, it would be capable enough to highlight the loopholes and demerits of the other
procedures and thereby would highlight the reasons for not opting those procedures for the desired
case study. Apart from clarifying the criterions behind the selection of the desired procedure, this
report also forecasts lime light on the associated risks by addressing them and providing proper
resolutions in congruence through the provision of the risk assessment. Finally, this report will render
brief and elaborate discussion on the topic based on the necessary credentials and the aspects stated in
the report.
Discussion
Abiding by the knowledge, which has gathered from the book of Project management, which
the methodology associated with the selection procedure, holds a significant impact towards it. This
owes to the fact that the effectiveness and the appropriateness imbibed within the structural
framework of a project plan equips the developer with the capabilities of understanding the future
scope of the chosen project. This also evokes the sense of the effectiveness of the chosen procedure
for the accomplishment of the work procedure within the developer.
The immediate successor in due course of this entire procedure is the proper specification of
the investment that is going to be incurred after the development purpose of the desired project. An
appropriate and relevant project management plan can address the above-mentioned scenario. There is
Document Page
3REPORTON THE PROJECT SELECTION METHOD
also the requirement of accounting the several diversified aspects integrated within the territorial
limits of a project, during the selection procedure of a project. Proper and thorough analysis of the
case study imparts focus on the objective and the motivation of the accounted project an application
interface to the drivers, which eventually will equip them with the capabilities of guiding the
customers.
The significance of the project management lies in the fact that it analyses the requirement
and the purpose of the chosen project and in due course of this entire procedure it diminishes the cost
incurred by the company after the development purpose, through the proper utilization of the time
management after production, keeping the production unaltered.
The crucial and the fundamental aspects of the chosen project are categorised below. These
aspects are required to be considered during the selection procedure of any project.
Firstly, it is required to ascertain the fact that whether the project is at all capable of
enticing new customers and engaging them.
Then it is required to test the relevancy of the project in accordance to the fulfilment
of the business requirements of the company.
Next it is necessary to have a clarified view about the capability and the potentials of
the project to address the improvement of the contemporary and prevailing status of
the organization.
Another contrasting aspect that needs to be the coherent property of the project is that
it should be able to identify the possible risks that may creep into the scenario with
due course of the progress of the project.
The project should be equipped with the potentials to render facilities to the
organization to improve their positions in the cosmopolitan market in terms of market
share and the profit going to be incurred by them.
The project needs to be potentially strong and updated so that it is capable of
addressing the client requirements and the threshold expectations set up by the
stakeholders.
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
4REPORTON THE PROJECT SELECTION METHOD
The contemporary aspect that needs to be the coherent property of any project
irrespective of the diversified business requirements is the capability to augment the
proper utilization of all the resources available.
In a similar fashion, it is also required to ascertain the feasibility of the chosen project
to determine the beneficial aspects of the project that can be incorporated in the
structural framework of the organization thereby excelling in terms of business
growth and volume.
Taking into account all the above-mentioned coherent aspects of the chosen project, it has
been observed that the concerned project is capable of addressing the business requirements of UBER
and fits the customer requirements as well. The contrasting aspects of the project will impart the
business with the capabilities to assess the nearby located customers which in turn will reduce the
latency thereby witnessing business expansion through the optimized utilization of time.
Project Management Approaches
For the chosen project after being certified through the proper certification parameters
fulfilling the business requirements of the organization, there is the acute necessity of a proper project
management plan aligned in the line of the requirements. There are several diversified project
management methodologies with the Scrum Model, Waterfall Model and the Agile method being the
supreme pioneer in the domain.
Scrum Model
Scrum Methodology is flexible owing to the fact that it is free from the master slave tradition
that has been persisting in the other contemporary methodologies. This methodology incorporates the
active participation of all the members of the development team which eventually would lead to the
centralization of the project. This model is typically applicable for the mentioned project as it fits into
the business requirements of the organization.
Waterfall Model
The Waterfall approach of the project management is one of the traditional methods that turns
out to be effective in the alignment of satisfying the business requirements of an organization thereby
diminishing the associated risks and threats that can emerge in the scenario in due course of the
Document Page
5REPORTON THE PROJECT SELECTION METHOD
progress of the project. Specific sequence is maintained by the approach for the purpose of
anticipating the requirements of the business. The fundamental requirement for the application of this
methodology is the provision of clarified effective plan owing to the non-feasibility of the back
tracking in the methodology of project development. The included steps in this methodology are
summarised below
This method is capable of proper implementation of the project.
This method facilitates the proper analysis of the proposed project.
This approach identifies and addresses the business requirements.
There is the provision of the testing and designing of the project after implementation
of the applied approach.
The project is deployed only after the qualification of the project as pert the testing
standards.
Finally, there is the provision for the maintenance of the project.
However, irrespective of the positive and beneficial aspects of this methodology, there are
certain limitations that are integrated within the framework of the methodology. Owing to the lack of
the provision facilitating the back tracking of the method, certain associated risks are there which
eventually can lead to tremendous blunder.
Agile Method
The flexibility of the Agile Methodology lies in the fact that it has been proved advantageous
owing to the act that it does not impose any restriction in the way of performing experiments business
requirements of the organization. In contrast to the incapability of other project management
procedures in accomplishing the desired business targets, this approach mitigates the associated risks
in the way of development of the project.
The only demerit of this approach is the lack of a fixed plan that can influence the procedure
of development while anticipating the available resources and man power. The contrasting aspects of
the proposed approach entices the collaboration of the workers and stake holders which has profound
impact in the development purpose of the chosen project.
Document Page
6REPORTON THE PROJECT SELECTION METHOD
Considering all the three project management methodologies in the index of their threshold
aspects and demerits, it can be inferred that the Agile methodology is the best suited and outfitted
project management methodology that effectively fits into the requirements of the organization.
Project Management Tools
Project management tools are those tools which practically implements the concepts and
ideologies of project management. The significant project management tools are summarized below:
Network Diagram
Network diagram is the pictorial representation of the flow of working procedures facilitating
the development of a project and provides the optimization techniques capable of determining the
critical path for the concerned project.
Gantt Chart
This is a typical type of chart in which the procedures of the project development are
scheduled.
Scheduling
This specific tool facilitates the scheduling of the procedures and accelerates the progress of
the concerned project through the execution of the work flow and in due course of this controls the
progress of the project.
Risk Assessment
For any project, in addition to the management of the procedures of the project, there is also
the requirement of assessing the associated risks that can impose hindrance in the way of progress of
the project.
Once the risk has been identified, there needs to be the provision for the facilities
rendering mitigation of the risks.
For the purpose of determining the in-built risks, there is the requirement of effective
and through analysis of the project.
Another crucial aspect contributing to the risk assessment is the collection of
feedback from the stake holders.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
7REPORTON THE PROJECT SELECTION METHOD
Conclusion
This report concludes the diversified aspects of the project management, aligned in the line of
development of the procedures and strategies in accordance to the concerned project. This report
categorically and effectively illustrates those aspects that are required to be taken into consideration
while opting for a project with the motivation of enhancing the business growth of the concerned
organization. This report not only has highlighted the procedures of selection of the project, apart
from that this report also illustrates the feasible project management methodologies that can be
applicable to the concerned project. In due course of this procedure, Agile Methodology has been
opted for the purpose of the development of the concerned project. Finally, this report has depicted
the possible identified risks in this project and the possible mitigation techniques that can be
employed for the combat of the same.
Document Page
8REPORTON THE PROJECT SELECTION METHOD
Bibliography:
Brodić, D., Maluckov, Č. A., & Peng, L. (2015). Statistics Oriented Preprocessing of
Document Image. Computing and Informatics, 34(2), 383-401.
Collins, J., Smith, M., Ricci, H., Wilbur, B., & Lyons-Galante, H. Massachusetts Priority
Parcels for Resilience (MAPPR 2.0): Technical Document.
Devadiga, N. M. (2017, October). Tailoring architecture centric design method with rapid
prototyping. In 2017 2nd International Conference on Communication and
Electronics Systems (ICCES) (pp. 924-930). IEEE.
Kaiser, M. G., El Arbi, F., & Ahlemann, F. (2015). Successful project portfolio management
beyond project selection techniques: Understanding the role of structural
alignment. International Journal of Project Management, 33(1), 126-139.
Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A. M. E., & Villanueva, P. (2014).
Project risk management methodology for small firms. International journal of
project management, 32(2), 327-340.
Oztaysi, B. (2014). A decision model for information technology selection using AHP
integrated TOPSIS-Grey: The case of content management systems. Knowledge-
Based Systems, 70, 44-54..
Sumalatha, P. (2015). Supporting Document Notation Using Content and Querying Value.
Uysal, A. K. (2016). An improved global feature selection scheme for text
classification. Expert systems with Applications, 43, 82-92.
chevron_up_icon
1 out of 9
circle_padding
hide_on_mobile
zoom_out_icon
logo.png

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]