Project Management: The project management denotes application of skills, knowledge as well as techniques for project activities for meeting project requirements. The project manager attempts to deliver a solution that meets specific cost, scope, time as well as quality goals. They manage project stakeholder expectations. The project managers must coordinate nine areas of expertise that includes: Scope Time Cost Quality Human resources Risk Communications Integration Procurement. The “forming-storming-norming-performing-adjourning” model describes how teams form, evolve, and dissolve. Each project must contain a project steering team that contains senior managers representing IS organizations and business. It provides guidance and support to project. The key members of steering teams are project sponsor, project champion and IS manager. Purpose of risk management: It identifies analyses and manages project risks. The project manager puts a rigorous effort to identify risks associated with project. The project team, end users and managers get involved in this process. These resources include members of risk management section and project managers. Each risk is been identified and defined first. The risk is been classified by probability that occurs and impact on project if risk occurs. The probability and impact could be classified as high, medium or low.

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Chapter 11, Problem 3CE

Program Plan Intro

Project Management:

The project management denotes application of skills, knowledge as well as techniques for project activities for meeting project requirements.

The project manager attempts to deliver a solution that meets specific cost, scope, time as well as quality goals.

They manage project stakeholder expectations.

The project managers must coordinate nine areas of expertise that includes:

Scope

Time

Cost

Quality

Human resources

Risk

Communications

Integration

Procurement.

The “forming-storming-norming-performing-adjourning” model describes how teams form, evolve, and dissolve.

Each project must contain a project steering team that contains senior managers representing IS organizations and business.

It provides guidance and support to project.

The key members of steering teams are project sponsor, project champion and IS manager.

Purpose of risk management:

It identifies analyses and manages project risks.

The project manager puts a rigorous effort to identify risks associated with project.

The project team, end users and managers get involved in this process.

These resources include members of risk management section and project managers.

Each risk is been identified and defined first.

The risk is been classified by probability that occurs and impact on project if risk occurs.

The probability and impact could be classified as high, medium or low.

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