Identify five potential risks in the project

Assignment Help Operation Management

Reference no: EM132209768

Tammy Nielsen is the CEO of Bendigo Tours & Travel. Bendigo Tours & Travel is one of the leading Tour Operators in Australia, providing comprehensive services for groups and individuals from and to the country. In your role as an IT project manager, you will help Bendigo Tours & Travel to develop a new information system. Background Bendigo Tours & Travel was first established in the year 2009 by qualified professionals with more than twenty years of experience in the tourism industry. Holding places, people and customs through professional guides, modern transportation, quality hotels, fine restaurants and other key vendors. Company’s specialized departments offer a diversity of services. Every department works independently to provide the best service to customers, targeting their friendship and a long lasting relationship. Bendigo Tours & Travel was recently nominated as the Leading Australian Travel Agency by the World Travel Awards for 4 years on a row 2015, 2016, & 2017. It is worth to mention that Bendigo Tours & Travel is the only company in Australia nominated to such prestigious award. All services and departments are located in Melbourne, starting with the Management and Administrative Department, Operational Department, Reservation Department, Product Development, Sales & Marketing, Inbound, Outbound & Ticketing Departments, giving a competitive advantage by being all under one roof. Tammy Nielsen recently asked you to work with him as an IT project manager. He wants you to help of Bendigo Tours & Travel manage the development of an information system that will support the company’s operations and future growth. At your initial meeting, he provided you with some background information and asked for your suggestions about how to begin. At your desk, you begin to review Bendigo Tours & Travel’s situation. The company’s head office located in busy Melbourne CBD. Company’s services include EVERYTHING related with tourism Tammy Nielsen believes that a new information system is required to support its business and information management needs. The new system would replace a mix of paper-based and fragmented computer systems. Tammy wishes an information system to support the airline reservations, hotel reservation, accounting and payroll functions of the company as well as a system to support the world-wide car rental, Computerized Reservation Order Entry (CROE) and a Decision Support System (DSS). Tammy explains that they are looking for a system implemented by company’s hotels to allow guests to create secure online reservations. The hotel reservation system can be synced, not only with company’s current website, but also with Facebook. This allows guests to reserve rooms in a way that is convenient for them via social media. In addition to allowing guests to book online directly, these reservation systems can also provide hotel operators with additional resources. For example, a channel manager may be a part of the reservation system, giving hotel operators the chance to distribute their products and live availability simultaneously to their entire network of online agents. An estimated cost for the project is $680,000. The company decide the discount rate of 6.5% for the financial analysis. The initial cost estimate also includes $45,000 for purchasing software and services from suppliers. Annual maintenance costs of $55,000 is also included. After three years of regular maintenance, the company also gets a 50% discount in the maintenance cost for the coming years. Projected benefits of this project would be approximately $320,000 per year. Tammy who would sponsor this project which she thinks could be completed within 7 months and the new system will have a useful life of at least five years after the deployment. She also realise some potential issues like security, process reservations, payments and so on, that can cause serious issues in the success of this project. Tammy asked you and your team to manage the project.

A question is Identify five potential risks in the project and prepare Risk Register for this project.

Reference no: EM132209768

Questions Cloud

Which is planning and organizational strategy : which is Planning and Organizational Strategy. What connections can you draw between this week’s readings/lectures and the specific elements from the news?

Describe how might create personalized development plan : Describe how might create personalized development plan to take you from your current skills to those that are most important for successful project management.

Theft of medical equipment on the late shift : Thompson Medical Supply has been experiencing a theft of medical equipment on the late shift from its Atlanta factory.

Long-established firms and expected competitive behaviors : New forms of business continue to enter industries that have long-established firms and expected competitive behaviors.

Identify five potential risks in the project : A question is Identify five potential risks in the project and prepare Risk Register for this project.

Generic vision statement and specific vision statement : There are two vision statements: a generic vision statement and a specific vision statement from the MD Anderson Cancer Center.?

Personal work goals reflect the organisation plans : How would you ensure that your personal work goals reflect the organisation’s plans, and your own responsibilities and accountabilities?

Does foreign currency exchange hedging both reduce risk : Why Hedge? Does foreign currency exchange hedging both reduce risk and increase expected value?

Traditional-highly structured approaches to planning : Traditional, highly structured approaches to planning and managing project are recognized as being less effective for than ____ agile project management.

User Account

All Pages