Prepare a project risk management plan

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Reference no: EM132362076

PROJECT MANAGEMENT

ASSESSMENT ACTIVITY: PROJECT

Your task is to nominate a project for which you will act as Project Manager.

This task should have some basis on reality, thus providing you with constraints and real life changes to deal with.

Prepare a project charter for your project. Use the project charter template as guides.
(a) what you will do- the tasks needed to complete the project
(b) when you will do it - the duration required for the tasks
(c) how you will do it - the resources required to undertake the tasks

Then set the project by completing the following:
1) Time Planning
Break down the project into manageable chunks and set targets for each stage
** (This project should have a minimum of 15 activities)
2) Complete a Gantt chart for the above and any other additional charts you feel may be useful.
3) Set out the resources required for your project and assign them to the programme activities as necessary.
4) Define costs for the resources used in order to allow the computer to calculate the preliminary project cost.
5) Outline any risks that can be foreseen or any special conditions you must remember.
6) Outline the form of reporting and communication you will use to keep everyone up to date. Keep relevant records. Don't forget to document communications as the project progresses. Producing relevant transcripts e.g. minutes of meeting etc.

Produce a final summary of the overall success of the project identifying weaknesses in your procedures and discussing different methods you would implement next time to improve the end result.

PROJECT COST MANAGEMENT PLAN
1. Prepare and print a one-page cost model for the project describe in running case. Be sure to document your assumptions in preparing the cost model. Assume the labour rate per hour for project manager and other project team.

2. Using the cost model, prepare a cost baseline by allocating the costs by WBS for each month. Create a spreadsheet to calculate your projected total costs.

3. Explain how earned value management (EVM can be used to control costs and measure your project performance.

4. Create a cost management plan for your project.

PROJECT HR MANAGEMENT PLAN
1. Using the Template recommended by your trainer prepare a Project Human Resource Management Plan.

2. Describe the HR requirements by summarizing the HR resource requirement, resource Role, when needed, identifying the required and actual skills and the strategy for training.

3. Prepare a responsibility matrix base on your propose project. Prepare a RACI chart to clarify roles and responsibilities for these testing tasks. Document key assumptions.

STAFFING MANAGEMENT
Staff Acquisition

From where and how are you getting the resources?
Resource Calendar

The timeline when resources are required
Training

What trainings must be provided respective which skills need to be developed?
Performance Review

How and how often are you doing performance reviews?
Recognition and Rewards

Explain how you will recognize/reward team members

PROJECT RISK MANAGEMENT PLAN

1. Using the Template recommended by your trainer prepare a Project Risk Management Plan.

2. Create a risk register for your propose project. Identify six potential risks

3. Plot the six risks on a probability/impact matrix. Also assign a numeric value for the probability and impact of each risk on meeting the main project objective. For a simple risk factor calculation, multiply the probability score and the impact score. Follow the recommended risk register template.

4. Develop a response strategy for the identified risk also describe what specific tasks would be required to implement the strategy, include time and cost estimates for each strategy.

Reference no: EM132362076

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len2362076

8/27/2019 10:32:42 PM

Format: Project Students undertaking this assessment must demonstrate competency as per the Training Package or accredited course requirements, guidelines and rules. Academies Australasia Polytechnic’s VET Programs observes the following grading scheme for the below assessment: Competency based assessment is a process where an assessor works with you to collect evidence of competence, using the benchmarks provided by the unit standards that comprise the national qualifications

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