EXECUTIVE SUMMARY
In this report, we analysed and evaluate the project management of the case: The case, The PCNet Project (A): Project Risk Management in an IT integration Project. We had look into the project definition phase of the PCNet project and discuss some of the problems that emerged during the project in relation to project definition phase. We also evaluated the role of the PCNet project manager and discussed some of the core skillsets demanded by the job role. The risk management aspect of the PCNet project was also studied in our report. Lastly we made recommendations to address the dilemma faced by Jack Muller, the project manager for the PCNet project.
INTRODUCTION
The case, The PCNet Project (A):
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PROJECT DEFINITION PHASE
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Figure 1.1 Project Life Cycle
Defining a project as well as the other three steps are imperative phases of the Project Life Cycle where they all assist the team in achieving the project goal. (Mcdonough, 2015). In this section, we will evaluate the project definition phase of the PCNet project and discussed some the problems that emerged during the project that could possibility caused by mismanagement at project definition phase.
1 Project Definition for IT Merger Project and PCNet Project
A good project scope points clearly to the expected end results and deliverables of the project. At the planning stage of the overall IT Merger Project, the project planning team had a common overall vision of “get $210 million in annual saving by consolidating the IT structure”. The PCNet project was a sub-project that shared this common overall vision. This overall vision was then systematically drilled down into detailed tasks and sub-projects with schedule carefully deliberated with the dependency of the projects and resources utilized being taken into considerations. A Gantt chart showing the schedule and dependency of task was then created (as shown in Exhibit 2 in the case). The PCNet project team adopted similar approach for project planning (as shown in Exhibit 4 in the
The following short case will give you a good idea of how risks surface in business and project planning and what companies do about it. Consider that you are the Risk Manager as you look at this case, as it will be a good exercise for the time when you will be that Risk Manager!
4) Due to the rebounding industry growth rate of 15% in 2011 comparable to the explosive CAGR of 16.1% from 2003-2008 combined with the partial opening of the new plant in Slovenia, OH Rates are most likely to increase with higher volume orders and larger scale operations. This in turn will decrease our bids and make it more attractive for prospective clients.
* Development began in late 2002 and was to be completed in 12 months’ time.
Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It
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Risks management is an important step during the process of a project. Failing to manage a risk may result in unforeseen event happening and a project’s failure. For example, with limited budget, an unforeseen event or an accident occurs in the middle of a project and this matter has not been considered and needs a big sum of expense, then the project may be stopped because of this unexpected event. We should know it is necessary to understand how to identify risks and assumptions based on the information. After identifying risks, it is important for project managers to set contingency plans to prevent and deal with these risks when they occur. Of course, several problems may happen during considering
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With a specific end goal to improve the probability of a venture achieving a fruitful conclusion, the dangers or potential issues for an undertaking should be distinguished at an early stage and suitable countermeasures must be created. The main purpose of the report is the evaluation and analysis of the project management: (The PCNet Project (A): Project Risk Management in an IT integration Project). The project definition phase of the PCNet project will be discussed in the report and also some of the difficulties that has been faced during the project regarding the definition phase of the project. The paper will also focus on the role of the PCNet project manager andexamined a portion of the center skillsets requested by the employment part. The feature of the risk management (PCNet project) was also considered in the given report. Lastly the recommendations are also given to report the problem faced by Jack Muller, the project manager for the PCNet project.
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