Comprehensive Stakeholder, Risk, and EMV Analysis for Projects

This report provides a comprehensive analysis of project management aspects, beginning with an examination of various stakeholders, including project teams, competitors, and media, and their impact on project success. It differentiates between internal and external stakeholders, categorizing them based on power and interest levels. The report then delves into quality and procurement management plans, outlining essential tools and techniques such as benchmarking and checklists. Furthermore, it assesses potential risks within an organization, proposing strategies for mitigation or acceptance. The report concludes by evaluating the Expected Monetary Value (EMV) of different project models, ultimately identifying the most financially viable option. The analysis emphasizes the importance of stakeholder engagement, risk management, and data-driven decision-making for successful project outcomes.

REPORT

ABSTRACT
This report has highlighted different stakeholder which may impact the success of project. After
that report highlights interest level of stakeholder in the organization. Also report highlights
quality management plan and procurement management plan in an organization. In the task two
report highlights different risk associated with the organization of tournament in the
organization. In the end the report highlights and evaluate EMV of different module in the
organization and evaluate the best module out of different module in the organization.
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Table of Contents
TASK 1............................................................................................................................................3
TASK 2............................................................................................................................................7
TASK 3............................................................................................................................................8
REFERENCES..............................................................................................................................10
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TASK 1
A
Project Team: Project team are one of the important stakeholders in the organization who
used to carry out different operation of the project more efficiently in market. Project team
generally includes employee of different skill who collaboratively carry out project in the
market. They generally impact the success of the project in the positive way in organization. To
maintain interest level of different employee in the project, project manager in the organization
used to provide different sort of motivation to them in the project.
Competitor: Competitor are another important stakeholder who used to impact the
success of the project very adversely. As there are many different organization who used to bid
for the project in the market but due some reason they are not able to get the same in the market.
As a result they generally used to make the different efforts in the market to damage the image of
the company in front of the other by creating variety of the challenges for the company. This
eventually used to impact the success of the company in the long run (Abdollahi, Hosseini and
Alimohammadzadeh, 2019).
Media: Media are the one who can impact the success of the project very adversely in the
market, as they are the one in the market who used to promote the product of the company in
front of the other in the market. Media generally used to collect the variety of the information
from the project manager and on the basis of the same they used to promote the project in
negative or positive way. This eventually used to impact the success of the project in the market.
Generally the different information which are carried out by the Media, is scope of the project,
resources used to carry out the project and on the basis of the same different article are published
by the media.
There are many different stakeholders which can also impact the success of the project in very
different way. Such as Government and different regulator in the market, any non compliance
activity will result in impacting the success of the project in negative way. Project sponsor are
the one in the project who can also impact the success of the business by not providing good sort
of the monitory resources to carry out different operation of the business. Project manager and
Owner are another important stakeholder in the organization (van Niekerk and Getz, 2019).
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B
There are two different type of stakeholder in the organization that is internal and external
stakeholder.
Internal stakeholders are the one in the organization who are entities within business. Some of
the internal stakeholders are Project manager, team and internal user and developer.
External stakeholder is the one who are not entities within the business itself. There are the one
who are outsider of the business. Some of examples of external stakeholder are customer,
supplier, Regulator, Government Media and broadcaster of the project in the market.
High Power, Low Interest (Key Player) High Power, High Interest (Keep Satisfied)
Customer
Supplier
Regulator
Government
Project sponsor
Stakeholder
Project Manager
Project Team
Low interest, Low power (Keep Informed) High Interest, Low Power (Minimal Efforts)
Different system Admin
Helpdesk
Internal User
Developer
Media
Key player
They are the one who are having very high level of power to influence the project in the
organization. As customer are the one who used to consume different service and supplier are
one who used to provide good sort of service to influence the project but they are not having that
sort of interest in the project of the team.
Keep satisfied
They are the one who used to have good sort of interest in the project. As they are the one
in the organization who used to carry out different project, as project sponsor are one who used
to provide monitory support, project manager used to plan different guideline in the organization,
project team used to carry different operation of the project (Venturelli Cosma and Leopizzi,
2018). At the same time this type of stakeholder also has good amount of interest in the project.
As there reputation are based on project success.
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Keep informed
This category of stakeholder in the project used to have very low level of interest toward
project and also they are the one who used to have very low level of power to impact the
outcome of the project.
Minimal Effort
These category of stakeholder generally used to has good sort of interest in the interest
but they are not having that sort of the power to influence the same. As they used to generally
provide the help for the employee who are carrying out project in the organization.
C
QUALITY MANAGEMENT PLAN
Input
To manage the plan quality management of the company there are many different type of
investment which has to be invested by the organization i.e. Project charter, organization process
assets and project management plan. To manage quality throughout the construction of the
project organization has to invest project document, organizational project assets. At the same
time to control the quality in the market has to invest the input like Approved change request,
Enterprise environmental factor.
Tool and Techniques
Benchmarking tool will be used to manage the plan quality management, it is the tool in which
different standard are setups in the past and on the basis of same current performance of the
company is measure to find out the deviation and rectifying the same in the time.
Check list is another technique which will be used in the organization to manage the quality at
the time of carrying out different technique in the organization. This is the technique in which
different thing in the organization will be note down which has been performed in the
organization. After that organization will be checking and evaluating same to find out the issue
which is presented in the project.
Inspection is another tool which is used in the organization to control the level of quality output
in the organization. In this tool the organization has to invest the good amount of the resources in
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the organization to hire employee in the organization who will be inspecting the different
operation of the business in the organization and on the basis of the same different decision will
be taken in the organization to improve the same.
Output
Different tool and technique in the organization will help the organization in increasing the
efficiency of different operation which are being carried out in the organization. Also, it will help
the organization in improving the efficiency of the business in the organization (Sangma,
Chauhan and Devarani, 2019). This will also help the company in planning the different activity
in the organization in better way as compare to the past.
D
PROJECT PROCURMENT PLAN
Type Description Contract Type Delivery System Reason
Machinery Machinery are
generally procure
in the
organization to
provide a good
handoff the
support to the
employee to
carry out
different
operation
efficiently in the
organization.
Machinery are
generally procure
on the basis of
rental basis from
the other
operator in the
market. This will
be done in the
organization to
reduce the cost
of procuring
different
resources in an
organization.
Design bid build
is the delivery
system which
will be used in
the organization
This will be done
in the
organization to
make sure that
all the employee
in the
organization are
getting good sort
of machinery to
carry out
different
operation.
Raw material Raw material are
the one in the
organization
which is
Raw material in
the organization
will be procure
in the
Design Build and
Multi prime are
two different
delivery system
Reason behind
procuring this
raw material in
the organization
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generally used
by the
organization to
convert and use
mixture of raw
material to
produce end
product for the
company.
organization on
the payment
basis. This type
of raw material
in the
organization will
be procure on the
short term basis
in an
organization.
which will be
used in the
organization to
procure raw
material.
is simply to
finished the
project and
deliver to client
in the market.
TASK 2
Risk is one of element of organisation which creates variety uncertainties among
performance of team work (Whitaker, 2016). One of the reason been identified is that it is one of
the thing which is unpredictable and no organisation can avoid it. Risk creates an negative
impact on the overall performance of organisation which decreases the efficiency of
organisation. An organization should prefer to ignore various risk as when employees look at
various risk that will create more uncertainties among them and eventually it will impact the
performance of organisation. There are various responses for each risk , some of them are as
follows:
Referees failing to show up at designated games: For organizations to focus on game and
improve organisation performance and increase outcomes, they should ignore this risk. Another
reason for ignoring such risk is that this risk is not in hand of team i.e it can not be controlled by
team.
Fighting between teams: There should be proper co ordination between different teams.
Any disturbance among team will impact the performance of organisation and management also
have to take a strict decision regarding it which will impose penalties on team. Management
should organize a proper training program for team member which will help in improving
coordination among different teams (Duncan and et.al., 2017).
Pivotal error committed by a referee that determines the outcomes of a games: In such
type of risk organisation can also asked or requested from referee to be fair. It is the risk which
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should be ignored by the organisation to increase the efficiency of organisation and for better
outcomes. It is another risk which is not in hand of team i.e. it can not controlled by team.
Abusive behaviour ailing the sideline by parents: a security guard should be hired by
organisation to reducing such types of risk. This will help in improving performance of
organisation by reducing such issue of organisation (Sangiuliano and Davies, 2018).
Inadequate parking: location of the business is another biggest risk. At initial organisation
should decide place of business after analysis various factors including location. It can overcome
only by the organisation by selecting a correct location of the business.
TASK 3
Expected monitory value is the name suggest is the frame work which is generally used in the
organization to find out how much money is generally expected by the company as a return
which has been invested by them in the market.
Formula of calculating EMV is profitability multiplied by impact. So EMV of all model is as
follows:
Model 1 EMV
10,000 400000
15,000 300000
14000 560000
Total EMV 1260000
Model 2
8,000 320000
18,000 360000
12000 480000
Total EMV 1160000
Model 3
6000 240000
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16000 320000
21000 840000
Total EMV 1400000
After going through the above data it has been analysed that model 3 is the been seen that the
return which will will be brought by model 3 is higher as compare to other model which has been
looked by the company. As model number two used to provide the EMV of 116000 and model
number one used to provide EMV of 1260000 (Fleming, 2019).
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REFERENCES
Books and Journals
Abdollahi, H. R., Hosseini, S. M. and Alimohammadzadeh, K., 2019. STAKEHOLDER
ANALYSIS USING THE MATRIX OF INTEREST-POWER IN INSURANCE
INDUSTRY: CASE STUDY OF HAFEZ ATIEHZASAN INSURANCE.
van Niekerk, M. and Getz, D., 2019. Generic Stakeholder Management Strategies.
Venturelli, A., Cosma, S. and Leopizzi, R., 2018. Stakeholder engagement: An evaluation of
European banks. Corporate Social Responsibility and Environmental Management.
25(4). pp.690-703.
Sangma, S. D., Chauhan, J. K. and Devarani, L., 2019. Stakeholder Analysis of Rongram
Horticulture Hub, Meghalaya. Journal of Global Communication. 12(2). pp.73-80.
Duncan, G. M and et.al., 2017. Development of a Pavement Management Manual and Data
Quality Plan for the Mississippi Department of Transportation (No. FHWA/MDOT-
RD-17-268). Mississippi. Dept. of Transportation.
Sangiuliano, S. J. and Davies, I. M., 2018. A quality management review of Scotland's sectoral
marine plan for tidal energy. Ocean & Coastal Management, 157, pp.217-226.
Fleming, Q. W., 2019, January. Project procurement management: contracting, subcontracting,
teaming. Project Management Institute.
Whitaker, S., 2016. Procurement Management. In Pass the PMP® Exam (pp. 405-444). Apress,
Berkeley, CA.
Online
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