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Course Project Week 6 Assignment

This document provides an overview of the key elements of a course project assignment on project management. It outlines the overall budget using Earned Value Management and provides updates to project requirements. It also describes the cost management plan including contingency planning, the risk management plan detailing risk identification, analysis, and response strategies. Finally, it discusses change management processes, managing risks, assumptions, issues and dependencies, and stakeholder communication plans.

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harry
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126 views

Course Project Week 6 Assignment

This document provides an overview of the key elements of a course project assignment on project management. It outlines the overall budget using Earned Value Management and provides updates to project requirements. It also describes the cost management plan including contingency planning, the risk management plan detailing risk identification, analysis, and response strategies. Finally, it discusses change management processes, managing risks, assumptions, issues and dependencies, and stakeholder communication plans.

Uploaded by

harry
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Course Project Week 6 Assignment

Qayyum Mohamed Abdul

Trine University

Project Management

August 6, 2022

Professor: Dr. Todd Tekiele


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Course Project Week 6 Assignment

Overall project budget (utilizing EVM – share current and forecasted project status)

EVA gives a technique that allows the venture to be estimated by progress accomplished.

The venture director can then utilize the advancement estimated to gauge a task. EV is

determined by EV = % complete x spending plan. EVM altogether influences how a project's

scope of work is characterized and planned. Less significantly, EVM influences how a venture is

booked. The fundamental explanation is that EVM requires a granular perspective to characterize

the full extent of work by utilizing a "deliverable-situated" WBS zeroed in on results (Project

Management Institute, 2009).

Project requirements – updated

Project Requirements consists of:

 Project Scope

 Secrecy and Nondisclosure Assurance

 Crisis Contact Information

 Articulation of Work Change Process

 Test Plan

 Test Process

 Detailing

Cost management plan – outlining contingency plan for project changes

Effective change management depends on four core standards:

 Get Change.

 Plan Change.
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 Execute Change.

 Communicate Change.

Detailed risk management plan

There are multiple ways of arranging an effective risk the management process

constituent components, yet at any rate, it should consolidate the accompanying gamble the

executive's parts.

 Risk Identification (RI).

 Risk Analysis (RA).

 Reaction Planning (RP).

 Risk Mitigation (RM).

 Risk Monitoring.

Risk response plan

Risk Response Strategy is an activity that anticipates treating risk on your task (Pierre-

Jean Charrel & Galarreta, 2007). The fundamental gamble reaction techniques for dangers are:

 Mitigate

 Avoid

 Transfer

 Actively Accept

 Passively Accept

 Escalate a Risk. (Hazard Response Strategy or Risk Response Plan is the same thing

basically)

Risk mitigation plan

Follow these means to make a customized risk management plan for your business.
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 Recognize chances. What are the dangers from your business' perspective?

 Survey the risk.

 Limit or kill chances.

 Dole out liability regarding assignments.

 Foster emergency courses of action.

 Convey the arrangement and train your staff.

 Screen for new risks.

Change management process

The Five Steps of Change Management are:

 Recognize the Need for Change.

 Plan a Plan for Change.

 Carry out the Plan.

 Insert Changes in Company Culture (Kerzner, 2022).

 Break down Results.

 Getting ready for Change.

How project RAID (Risk, The assumption, Issues, and Dependencies) will be managed

Stakeholder engagement – communication plan

Follow these means to create and utilize a RAID log:

 Set up a review meeting. Welcome, all venture colleagues and partners to a task review

meeting.

 Distinguish chances, presumptions, issues, and conditions.

 Make a RAID log.

 Share the data.


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 Registration on the RAID log.


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Reference

Kerzner, H. (2022). PROJECT MANAGEMENT : a systems approach to planning, scheduling,

and controlling. John Wiley & Sons.

Pierre-Jean Charrel, & Galarreta, D. (2007). Project management and risk management in

complex projects : studies in organizational semiotics. Springer, Cop.

Project Management Institute. (2009). Practice standard for project risk management. Project

Management Institute.

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