>> Project Management
Q1: Discussion: Project termination
What are the conditions for project termination? Not all projects are terminated with a resolute success or failure. Depending on where the project is in its SDLC, the project close-out is different. For this Focused Debate, you will describe one instance of a project termination that you have experienced and explain what steps were taken to close out the project.
To complete this Discussion:
Post: Describe one instance of a project termination that you have experienced. Analyse the steps that were undertaken to close out the project. Include your evaluation of the effectiveness of the close-out steps taken. For this Focused Debate, you will analyse and debate a position on project termination planning.
Organisation SWOT analysis
An additional tool for you to use to evaluate your organisation is to perform a SWOT (strengths, weaknesses, opportunities and threats) analysis. SWOT is an analysis tool that identifies relationships between a company's current projects and potential risks that are hidden. For this individual paper, you will analyse your current employment organization. In your SWOT analysis, include at least two each of strengths, weaknesses, opportunities and threats for at least three potential projects.
To prepare for this Assignment:
Download a free trial of mind mapping software found in the Required Software for this week (TheBrain Technologies, 2014).
To complete this Assignment:
Create a mind map of a SWOT analysis using the Learning Resources mind mapping software. You will SWOT your current employment organization. Analyse the SWOT relationships to derive inferences from it. Submit your SWOT mind map and conclusions you derive in one document. Remember to include at least two each of strengths, weaknesses, opportunities and threats for at least three potential projects in your SWOT diagram.
What are the external and internal factors that generate project risks? Risk Management is a strategy that is addressed in project plans to mitigate risk factors as well as to implement established procedures when a project encounters unforeseen outcomes or results. Your group will begin the Risk Management section of your Project Plan Outline this Week. You have two Weeks to complete this section of the project plan. Next Week, your group will submit the entire project plan including the completed Risk Management section.
Note: Your group will continually revise the Project Plan Outline draft as you receive feedback from your Instructor. Please make any required changes to the earlier sections of your project plan and note the revision history.
To complete this Risk Management portion of the Project Plan Outline: Create a single document. Embed both text and images in the document.
Group Project 5 Risk Management should be submitted in the following format:
This section discusses project risks and the approach to managing them.
1. Project risks: Each project risk is described.
2. Risk table: The complete risk table is presented. Name of risk, category, probability and impact are provided.
3. Risk mitigation, monitoring, management strategy: Present a strategy to deal with each risk.
Tracking and Control Mechanisms
Techniques to be used for project tracking and control are identified.
1. Change management: Discuss a strategy for handling change during the development of the system and after the system has been implemented.
2. Change control: Develop a formal change control system which uses a change control board.
These sections should have 750-1,000 words (not including the list of works cited), but it is the quality of the answer that matters, not the number of words. Cite and reference all sources using the Harvard Liverpool Referencing System.
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The SWOT analysis is presented with the analysis of the overall Strength, Weakness, Opportunities, and Threats of the concern and the same would be used for the purpose of analysis and maintenance of the overall development of the concern.
It is important for the firm to understand the overall development and the manner of relationship so that there can be proper care and proper development for understanding of the overall understanding of the requirements of the organisation.
Once the firm understands all the aspects of the organisation which it requires for analysis it would be able to well understand the plans and the actions which are related to the same and would be able to make an informed plan about the overall working of the concern and hence would be able to determine the plans and policies in the best interest of the concern.
If the firm is not able to make the polices and the changes in line with the overall requirement and the strength, weakness and opportunities of the concern then the same may lead to substantial level of compliance concerns on an overall basis