Reference no: EM133671175

Project Risk, Finance and Monitoring

Assessment - Pre-project work

Your task
Individually, you are required to undertake the pre-project work by analysing the critical needs of a project, developing a business case for the work, and evaluating risk factors and mitigation strategies.

Assessment Description
In this individual assessment, students will be given an opportunity to evaluate project success by utilising a real-life case study focused on evaluating and analysing project risk, developing mitigation strategies, and organising financing for the project.

Assessment Instructions
Imagine that you work for a project management company as a consultant contracted to evaluate and eventually implement the following project, which the French Government has drafted.

The French Government proposes a masterplan for the 2024 Paris Olympic Games, which follows a new model. This model aims to cluster the venues around the capital of Paris, using predominately existing venues supplemented by temporary ones. Additionally, a key focus is on the Legacy and Sustainability for the Olympic and Paralympic games, making this the first games with this focus. Presume you have been hired as an external project consultant to develop pre-project work, based on the following.

Needs assessment highlighting the project's goals, objectives, issues, opportunities, requirements and recommending proposals.

Business case summarising the cost/benefit of this project, essential business requirements and how these can be delivered;
Risk evaluation highlighting what you consider to be the eight (8) major risks of this project, how they can be mitigated and a contingency plan.

Based on your research, a recommendation to the French Government about the feasibility study used to establish the validity of the benefits to be used as a basis for the authorisation of the project.

The result of your pre-project work will be essential for the Government's go/no-go decision about the project implementation. Therefore you must be ethical and impartial when determining if the project should or shouldn't be considered for moving to the next stage. Please ensure that you have assessed the project's suitability for its intended purpose and developed strategies to mitigate potential risks.

You must use at least ten (10) sources of information and reference appropriately. These may include websites, social media sites, industry reports, census data, journal articles, and newspaper articles. These references should be presented as in-text citations and a reference list at the end of your written analysis (not included in the word limit). Wikipedia and other ‘popular' sites are not to be used.