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Identification of risks along with their mitigation planIn

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  • "Identification of risks along with their mitigation planIn addition to the above discussion, there are several risks to be identified for making the abovemade proposal applicable in a successful manner. As indicated by Ekinci and Baykasoglu (2016),t..

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  • "Identification of risks along with their mitigation planIn addition to the above discussion, there are several risks to be identified for making the abovemade proposal applicable in a successful manner. As indicated by Ekinci and Baykasoglu (2016),the emphasis of SWOT Analysis have been marked to be the best analysis tool for riskidentification. Therefore, in order to link the provided case study, the application of SOWTAnalysis have been done for gaining knowledge related to the faced risks of the proposal plan.Thus the following are the SOWT Analysis made for the discussed information. Strength Weaknesses? Widespread of the business ? Cost estimation availabilities? Creating brand importance ? Proper budget for the setup? Time management ? Salary issues? Connecting to the target market Opportunities Threats? More employment ? Software corruption? Assurance of proper flow of ? Leakage of confidential datacommunication? Implementation issues? Resolving the mediated issues ? Interfacing problem? Integrated plans for future projects? Software design issues? Huge investments requiredTable 1: SWOT Analysis for the project management(Source: As per the case study)From the above discussed SWOT Analysis made for the project management of XYXHypermarket, it can be further helps to identify the faced risks factors that may harm the baseof the applied management project in different cities of Oman. However, as commented byMuriana and Vizzini (2017), to every problem of the management projects, there are some orthe other mitigation plan being prepared by the management team being involved in theproject. Thus, by linking the case of XYZ Hypermarket, the following is a risk mitigation plan thatavails to the practise of measurable steps for managing the risks faced by the implementationof the concerned project management.Page 10 of 18 Risks MitigationSoftware corruption General practitioners must be appointedLeakage of confidential data Avoiding stand alone structure of the projectImplementation issues Enhancing the flow of the communicationInterfacing problem Improving frequency of monitoring projectSoftware design issues Appointing the most experiencedmanagement teamHuge investments required Utilisation of Work Breakdown StructureTable 2: Mitigation Plan for the faced risks(Source: As per the case study)As indicated by Liu (2016), the process of mitigation plan simple deals with the set of solutionsthat are further suitable for the concerned firm in terms of the risks that are faced by theorganisation. However, in case of the XYZ Hypermarket, the new setup of stores on the abovementioned three cities of Oman faced the described risks in terms of the project managementactivities being performed by the overall organisation. Therefore, in order to give emphasis onthe network applied for the maintenance of inter connectivity approach of the sub brancheswith the head office at Muscat, the system manager faced risks more in terms of technicalapplications as the main motive of these efforts were to balance the proper flow lfcommunication from diversified areas of their new stores to the main head office of XYZHypermarket.Estimated costs of planHowever, as suggested by Harris (2017), the estimated costs are the list of spending that is tobe made by the concerned firm in order to gain more affective management programme forthe concerned project. In addition to the above discussion, in case of there XYZ Hypermarket,the concerned firm further aims to establish its effective new stores to different cities, so thatthe firm gains a strong brand image that serves quality service to their target audience.Thefollowing are the structure possible estimation made for the establishment of the proposedproject management:Phases Weeks Estimated CostsPage 11 of 18 Project Manager 1 $ 140,00Business Analyst 2 $ 50,000Technical Architect on site 3 $ 55,000Lead technician on site 4 $ 44,000Developers of software 5 $ 30,000Build Release 6 $ 25,000Technical Documentation 7 $ 48,000Total Cost$ 2,66,000Table 3: Estimated Plan for new stores of XYZ Hypermarket(Source: Learner)Therefore, the above estimation results to the total so ending of $ 2,66,000 for every citiesstores being developed with the required quality and output as made by the head branch of theconcerned hypermarket. Therefore, the possible planning can be further planned as per theestimation made, in order to avoid any waste or misuse of the required money being spent onthe well development of the management project.Planning resourcesAs commented by Royle et al. (2016), the resource are marked to be the main pillar bydepending on which an organisation efforts to achieve success by grabbing more target marketfrom the competitive world. Therefore, in case of XTZ Hypermarket, the following are thesummary made for the resources that are required for the proposed management of theproject:Resources Involved Time FrameDesign Phase 20 days? Delivered Designs 20 daysRequirement Phase 60 days15 days? Retail Requirements25 days? Business System Needs10 days? Detailed informationPage 12 of 18 10 days? Interactive RequirementsSystem testing phase 60 days60 days? Examining the networksSoftware development phase 50 days? Developing the required software 50 daysnetworkTable 4: Resource Planning for XYZ Hypermarket(Source: Learner)Therefore, the resources that are planned in the above table have been mentioned with thepossible estimation of the time frame that would be further consumed for gaining theconcerned quality of services by the new stores of XYZ Hypermarket to the their target marketbelonging from a diversified background. In order to connect well to different sub heads of thehypermarket, the duty of a system manager at this point becomes more vital. Moreover, asystem manger not only efforts for the proper handling of various systems but also takes effortsfor the financial inputs that have been or would be required in the mere future. Training planningFrom the above discussion, the researcher is to mention that the company is to train theexisting staffs properly, which would facilitate the management of the company to use thesystem effectively. In this context, it is to mention that as the system of informationtransferring considers the adoption of new software, he existing staffs are to be trained forfuture development. Initially, the human resource department of the company is required toappoint an information system trainer, who shall train the existing staffs about the use ofsoftware for reporting to the head office. On the other hand, the trainer is required to train thestaffs the process of storing the data through the cloud system. In addition to that, the project manager is to organise a training session for the staffs in thehead office about the process of the new system. The management of the company is alsorequired to know the safety measures, and therefore the project manager is to hire aninformation technology specialist to prevent the new system from being hacked (Lapela, 2016).In this context, it is to mention that the company is required to appoint a full time trainer, whoPage 13 of 18 shall be responsible for training the existing staffs about the process of using the newlyinstalled software. The new staffs of the branches would also require proper training and therefore, the companyis required to provide training to the new staffs by publishing a manual, in which the staffscould get the detailed information about the use of the software. Moreover, the company is toinitiate a regular training sessions with an interval of two months to keep the staffs updatedabout the system that the company has installed to enhance the quality of the informationsystem process in the internal process of the company. Acceptance planIn this project, the researcher has discussed the implementation process of software basedinformation system for enhancing the integrity of the head office of the company and itsbranches. As mentioned above, the plan of implementing software based information system inthe company would require proper management of internal skills and the external skills. In theinternal process, the company is to consider the skills, which are self generated by the staffs ofthe company. In this context, it is also to mention that the project manager is to enhance theskills of the staffs as the new system would require proper knowledge to use the softwareeffectively. In the budget analysis, the project managers have reported that the project wouldgenerate a positive cash inflow along with the enhancement in the integrity among the newbranches.The project manager of the company is to implement the project by checking the financialbudget and the effectiveness of the system. In this context, it is to mention that as the systemhas reflected a positive cash flow along with an efficient process of functioning by consideringits branches and head office, the project manager is to accept the project. In addition to that,the project manager is to mention that the system manager of the project is to take theresponsibility of regular up gradation to make the system successful for the company.ConclusionFrom the above made discussion and analysis, it can be further concluded that the role playedby a system manager is vital in every aspect of delivering a strong network stability throughoutPage 14 of 18 the setup of new stores in different cities.Therefore, it has been further analysed that theefforts made for the new stores can be evolved or evaluated with the application of other riskidentifying tools rather along with the analysis made by SWOT. Moreover, the SWOT Analysisfurther helped the organisation to manage the risks faced with the help of the mitigation planbefore the issue occurs in reality. The annual report that is to be made by the system managersalso comprised of the above mentioned tables. Theses tables are made in order to identify thefaced risks, finding their mitigation solutions, building an estimated cost plan, planning madefor the resources required for the project, training plan along with the overall assessment planthat further sheds light upon the criteria that would be used by the management of XYZ stores.Therefore, it can be further concluded that the above made discussion are justified to therequirements made in the proposed case scenario. Page 15 of 18 References Artto, K., Ahola, T. and Vartiainen, V., (2016). From the front end of projects to the back end ofoperations: Managing projects for value creation throughout the system lifecycle. InternationalJournal of Project Management, 34(2), pp.258-270.Bianchi-Aguiar, T., Silva, E., Guimarães, L., Carravilla, M.A., Oliveira, J.F., Amaral, J.G., Liz, J. andLapela, S., (2016). Using Analytics to Enhance a Food Retailer’s Shelf-SpaceManagement. Interfaces, 46(5), pp.424-444.Ekinci, E. and Baykasoglu, A., (2016). Modelling complexity in retail supplychains. Kybernetes, 45(2), pp.297-322.Globerson, S., Vardi, S. and Cohen, I., (2016). Identifying the Criteria Used for Establishing WorkPackage Size for Project WBS. The Journal of Modern Project Management, 4(1).Harris, E., (2017). Strategic project risk appraisal and management. Abingdon:Routledge.Hiltunen, E. and Henttonen, K., (2016). " I have ideas but I don't want to say them aloud."Employee-driven innovation discourses at a retail chain store. International Journal ofEntrepreneurship and Innovation Management, 20(5-6), pp.349-359.Liu, S., (2016). How the user liaison's understanding of development processes moderates theeffects of user-related and project management risks on IT project performance. Information &Management, 53(1), pp.122-134.MEHEDINTU, G. and MUNTEANU, A., (2016). TRANSPARENCY, CONTROL AND OPTIMIZATIONTHROUGH BUILDING MANAGEMENT SYSTEM. Review of General Management, 24(2). Muriana, C. and Vizzini, G., (2017). Project risk management: A deterministic quantitativetechnique for assessment and mitigation. International Journal of Project Management, 35(3),pp.320-340.Ocicka, B. and Wieteska, G., (2017). SHARING ECONOMY IN LOGISTICS AND SUPPLY CHAINMANAGEMENT. LogForum, 13(2). Royle, A.W., Yam, L.S. and Pages, R.J., (2016), March. Development of “Off-Ramp”methodology for maintaining satellite ground system schedule. In Aerospace Conference,(2016) IEEE (pp. 1-8).Page 16 of 18 RUEL, S., OUABOUCH, L. and Shaaban, S., (2017). Supply chain uncertainties linked toinformation systems: a case study approach. Industrial Management & Data Systems, 117(6).Surmann, M., Surmann, M., Brunauer, W.A., Brunauer, W.A., Bienert, S. and Bienert, S., (2016).The energy efficiency of corporate real estate assets: The role of energy management forcorporate environmental performance. Journal of Corporate Real Estate, 18(2), pp.68-101.Vaz, A. and Mansori, S., (2017). Target Days versus Actual Days of Finished Goods Inventory inFast Moving Consumer Goods. International Business Research, 10(6), p.19.Bibliography Artto, K., Ahola, T. and Vartiainen, V., (2016). From the front end of projects to the back end ofoperations: Managing projects for value creation throughout the system lifecycle. InternationalJournal of Project Management, 34(2), pp.258-270.Bianchi-Aguiar, T., Silva, E., Guimarães, L., Carravilla, M.A., Oliveira, J.F., Amaral, J.G., Liz, J. andLapela, S., (2016). Using Analytics to Enhance a Food Retailer’s Shelf-SpaceManagement. Interfaces, 46(5), pp.424-444.Ekinci, E. and Baykasoglu, A., (2016). Modelling complexity in retail supplychains. Kybernetes, 45(2), pp.297-322.Globerson, S., Vardi, S. and Cohen, I., (2016). Identifying the Criteria Used for Establishing WorkPackage Size for Project WBS. The Journal of Modern Project Management, 4(1).Harris, E., (2017). Strategic project risk appraisal and management. Abingdon:Routledge.Hiltunen, E. and Henttonen, K., (2016). " I have ideas but I don't want to say them aloud."Employee-driven innovation discourses at a retail chain store. International Journal ofEntrepreneurship and Innovation Management, 20(5-6), pp.349-359.Liu, S., (2016). How the user liaison's understanding of development processes moderates theeffects of user-related and project management risks on IT project performance. Information &Management, 53(1), pp.122-134.MEHEDINTU, G. and MUNTEANU, A., (2016). TRANSPARENCY, CONTROL AND OPTIMIZATIONTHROUGH BUILDING MANAGEMENT SYSTEM. Review of General Management, 24(2).Page 17 of 18Muriana, C. and Vizzini, G., (2017). Project risk management: A deterministic quantitativetechnique for assessment and mitigation. International Journal of Project Management, 35(3),pp.320-340.Ocicka, B. and Wieteska, G., (2017). SHARING ECONOMY IN LOGISTICS AND SUPPLY CHAINMANAGEMENT. LogForum, 13(2). Royle, A.W., Yam, L.S. and Pages, R.J., (2016), March. Development of “Off-Ramp”methodology for maintaining satellite ground system schedule. In Aerospace Conference,(2016) IEEE (pp. 1-8).RUEL, S., OUABOUCH, L. and Shaaban, S., (2017). Supply chain uncertainties linked toinformation systems: a case study approach. Industrial Management & Data Systems, 117(6).Silva-Martinez, J.P., Hussein, A. and Wilson, T., (2016). Modelling IPPD for an InterdisciplinaryPlanetary Defense Project. In AIAA SPACE (2016) (p. 5560).Surmann, M., Surmann, M., Brunauer, W.A., Brunauer, W.A., Bienert, S. and Bienert, S., (2016).The energy efficiency of corporate real estate assets: The role of energy management forcorporate environmental performance. Journal of Corporate Real Estate, 18(2), pp.68-101.Valle, M. and Lanier Jr, D., (2016). Teaching Microsoft Project in the Project ManagementClassroom: The Dream Home Project Exercise. Business Education Innovation Journal, 8(2).Vaz, A. and Mansori, S., (2017). Target Days versus Actual Days of Finished Goods Inventory inFast Moving Consumer Goods. International Business Research, 10(6), p.19.Page 18 of 18 "

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