Chapter 11, Problem 3WE

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 team 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.