PPMP20008 Initiating and Planning Projects

Published : 20-Oct,2021 | Views : 10

Question:

Describe the project management concepts within the risk register are correctly applied and it is an accurate reflection of the supplied project.The project management concepts within the cost baseline and funding requirements are applied correctly and it is an accurate reflection of the supplied project.

Answer:

Risk Register

PROJECT RISK & OPPORTUNITY REGISTER

Risk / Opportunity Identification

Risk & Opportunity Analysis

Post Treatment Risk & Opportunity Analysis

Number

Date Logged

Raised By

Status

Type

Description (Cause/Event/Effect)

Proximity

Category

Likelihood

Consequence

Level (pre treatment)

Treatment Response

Treatment

Treatment Update

Owner

Residual Impact

Likelihood (post treatment)

Consequence (post treatment)

Level (post treatment)

05.09.17

Michelle, Goutham Adani

Active

Threat

The sign board was not created properly this it is quite difficult to promote the different traditional language with the help of the sign board

Soon

procumbent/Finance

Possible

Major

high

Reduce

The design of the signage board must be made attractive in order to attract more number of students as well as staffs for promoting the different traditional languages

17.8.18

Project Manager

It generally creates major negative impact on the project

likely

Moderate

Medium

10.09.17

Michelle

Active

Threat

The design of the signboard is not represented properly and as a result the staff as well as the students will not be able to get the message that the sign board wants to communicate

Soon

Information/ICT

Likely

moderate

Medium

Reduce

The design representation of the sign board must be done properly so that the student involve within the project for promoting the indigenous languages

20.8.18

Project Manager

It creates negative impact on the different staff as well as students of CQU university

likely

Moderate

Low

18.09.17

Michelle

Active

Opportunity

The assumed budget by the project manager is not found sufficient enough for completing the project activities successfully as the project manager incorporate additional activities within the project which are considered as beneficial for project promotion

After project planning gets completed

Finance/Procurement

Unlikely

Minor

Low

It is identified that the budget of the project must be assumed by the project managers after creation of the plan.

25.8.18

Project Manager

It do no create any impact

Unlikely

Significant

Low

The funding requirements are as follows:

Activities	Funding required
Meeting related with project initiation	$19,000
Method of installation of signage board	$17,000
Signage board printing method	18,000
Interface display	$10,000
Management reserve	$34, 000
Total	$96,100

Bibliography

Abdel Azeem, S., Hosny, H., & Ibrahim, A. (2014). Forecasting project schedule performance using probabilistic and deterministic models. HBRC Journal, 10(1), 35-42.

Andersen, E. (2014). Value creation using the mission breakdown structure. International Journal Of Project Management, 32(5), 885-892.

Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA.

Chance, D. M., & Brooks, R. (2015). Introduction to derivatives and risk management. Cengage Learning.

Cherkaoui, K., Baptiste, P., Pellerin, R., Haït, A., & Perrier, N. (2017). Proactive tactical planning approach for large scale engineering and construction projects. The Journal of Modern Project Management, 5(1).

Crawford, J. K. (2014). Project management maturity model. CRC Press.

Dalcher, D. (2015). Introduction to Software Project Management. Proj Mgmt Jrnl, 46(4), e2-e2.

Davis, K. (2014). Different stakeholder groups and their perceptions of project success. International Journal of Project Management, 32(2), 189-201.

Fan, Y., Thomas, M., & Anantatmula, V. (2014). A Longitudinal Study of the Required Skills of Project Managers. The Journal of Modern Project Management, 1(3).

Glendon, A. I., Clarke, S., & McKenna, E. (2016). Human safety and risk management. Crc Press.

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PPMP20008 Initiating and Planning Projects

Question:

Answer:

Risk Register

The funding requirements are as follows:

Bibliography

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