Victoria University: VUIS Consulting IT Project Status Report

This document is a project status report for VUIS Consulting, an IS consulting firm based in Footscray, Victoria University. The report provides a snapshot of project progress, completed tasks (Baseline Set Project, Planning Phase Complete, Updated Project Plan Duration, New Status Date Project Milestone), pending tasks, and issues encountered. It includes an impact analysis of changes to project milestones and budget, and addresses potential risks, their probability, impact, and mitigation strategies, including cost deviation and overtime. The report emphasizes the importance of a risk register for managing project risks and the project manager's role in identifying and mitigating issues. References to project management resources are also provided. Desklib provides access to a variety of project management documents and solved assignments for students.

VUIS CONSULTING PTY LTD
STATUS REPORT
PROJECT: [INSERT PROJECT NAME HERE]
Date: [INSERT CURRENT DATE HERE]
Produced by: [INSERT AUTHOR NAME AND JOB TITLE HERE]
Reporting period: [INSERT DATE RANGE HERE]
The following template is for educational purposes only.

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Table of Contents
Project summary.........................................................................................................................3
Completed tasks.........................................................................................................................3
Baseline Set Project................................................................................................................3
Planning Phase Complete.......................................................................................................4
Updated Project Plan Duration...............................................................................................4
New Status Date Project Milestone........................................................................................5
Impact analysis.......................................................................................................................5
Risk and Issues...........................................................................................................................6
References..................................................................................................................................7
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Project summary
The project is for the IS consulting firm which is based in the Footstray, Victoria
university information system consulting (VUISC). The company, which is taken into
consideration, is in operation since several years. They have a range of employee including
the project managers, programmer, tester, help desk staff and business analysts. The company
has technical support who are highly specialized in the sector of technical writer, system
installation and trainers (Schwalbe 2015). The main focus of the organisation is on the
concept of professional development and user training.
Completed tasks
Baseline Set Project
Figure 1
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Planning Phase Complete
Figure 2
(Source: Created by author)
Updated Project Plan Duration
Figure 3
(Source: Created by author)
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New Status Date Project Milestone
Figure 4
(Source: Created by author)
Impact analysis
Planning Phase
Milestone
Overall Completion Overall Budget
Before Changing
duration of
“Develop Project
Plan”
Milestone is on
25th December,
2017
Overall completion of
project is on 7th
March, 2018
Overall budget is
$214,707.00
After Changing
duration of
“Develop Project
It has shifted to
9th January, 2018
It has shifted to 22nd
March, 2018
The overall project
budget is changed to
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Plan” $222,507.00
Risk and Issues
The risk, which are related to the project, can happen at any time during the execution
of the project. All the risk relating to the project, can be managed in a central repository,
which is known as Risk Register. The risk factor can be broken down mainly into three main
part, which are impact, probability and mitigation. The aspect of probability is the likelihood
that an event can occur and the concept of impact describes that how the risk factor would be
affecting the project and its working (Heagney 2016). The risk factors can be related to the
concept of cost deviation and factor of overtime in the delivery of the project. As soon as the
issues in the project management is identified, it should be documented. Then an action plan
is made which would be helping to mitigate the problem. Ones the course of action is
selected it should be implemented as soon as possible this would be helping to reduce the
impact which it would be having on the project. The project manager plays the main role in
this aspect. Project manager identifies the course of action, which has to be implemented in
order to mitigate the problem. The team should be also involved in the activity to mitigate the
problem. The tracking of the risks and the issues can be done using a variety of methods.
They can be directly be tracked using the spreadsheet or paper. The online project
management software can be used to track the issue and the risks to track the project and its
operation. The entire team should also be active in the issue so that the problem can be
resolved in a small period (Fleming, Q.W. and Koppelman 2016).
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References
Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management.
Project Management Institute.
Heagney, J., 2016. Fundamentals of project management. AMACOM Div American Mgmt
Assn.
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Pinto, J.K., 2015. Project management: achieving competitive advantage. Prentice Hall.
Schwalbe, K., 2015. Information technology project management. Cengage Learning.
Turner, R., 2016. Gower handbook of project management. Routledge.
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