Reference no: EM133708137 , Length: word count:2500
Project Risk, Finance and Monitoring
Assessment - Project Management Plan
Your task
Individually, you must write a 2500 words project management plan to address risks, finances, control and the ethical consequences of a project.
Assessment Description
This assessment is a culmination piece in which students can combine the information they have accumulated from weeks 1 to 12 and in the first and second assessments and apply key concepts, methodologies, tools and techniques in a real-life project. In doing so, students will take the necessary steps to research, interpret, critically analyse, and synthesise data about a project from different sources and reflect on different approaches to risk, finances, monitoring and ethical considerations according to the industry's best practices. This will also allow students to create comprehensive and reliable project reporting that meets industry standards by presenting knowledge, skills and ideas to specialist and non- specialist stakeholders.
Assessment Instructions
For this assessment, presume the role of a project manager for one of the projects listed below and present a comprehensive Project Management Plan to a broad audience of stakeholders. Also, you are to assume the project "GO" decision has been taken and that you are currently in the planning stage of the project's life cycle, finalising the project management plan to define how the project will be managed and delivered. Please refer to the three case studies provided on MyKBS > MBA643 > Assessments > Assessment 3.
Please note that the links give only an initial outline of the project's delivery, and substantial additional research will be required to complete your assessment successfully.
Once you have conducted thorough research about your chosen project, you are then required to prepare a 2500-word Project Management Plan containing the following information:
Project overview
Project background, industry, goals and objectives.
Baselines for scope, schedule, and quality.
A comprehensive risk management plan that must include:
Highlight at least eight (8) specific risks to the project.
Analyse, classify, categorise and prioritise the risks, with your rationale for each step.
Describe the areas where the risk could impact the project.
Discuss possible solutions to mitigate risks and plan for the issues.
Critically analyse, reflect and transmit your concerns on possible ethical and/or regulatory considerations to the project.
A comprehensive cost management plan that must include:
Project budget
Budget allocations with rationale and application of at least one (1) Project Management Tool aligned with the industry best practices.
Expected return on investment of the project.
A change management plan that must include:
A change control board,
Definition of levels of authority X approvals
Description of how the change control system will be implemented.
A communications management plan that must include:
Stakeholders who will receive the information (A minimum of 5 stakeholders)
Stakeholder engagement scheme
Stakeholder communication requirements
Timeframe and frequency for the distribution of required information
Methods or technologies used to convey the information
As this is a professional report, you are expected to complement your research and present your plan with matrix diagrams, tables, or other formats to present your findings clearly and concisely in a way that aligns with best practices in project management. Also, your report must include the following:
Title page, table of contents, reference list and appendix - Not included in the wording count.
In addition to your written analysis and survey results, you must use at least ten (10) sources of information and reference these 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 video. Wikipedia and other 'popular' sites are not to be used.