wk4

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MGT640Topic4ProjectRiskAssessmentProblemsTEMPLATE.xls
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Project Risk

MGT 640 Topic 4, Project Risk Assessment Problems SOLUTION
ID Task Optimistic Duration (days) Most Likely Duration (days) Pessimistic Duration (days) PERT Expected Duration (days) Critical Path Variance
1 TECHNOLOGY REFRESH (VERSION B) PROJECT
2 Initiating
3 Meet with key stakeholders 2 3 12 4 √
4 Finalize statement of work 2 10 15 10 √
5 Secure project team leads 2 2 4 2
6 Finalize stakeholder register 2 10 13 9 √
7 Develop project charter 2 5 17 7
8 Finalize project charter 2 4 8 4 √
9 Planning
10 Scope Planning
11 Requirements
12 Develop/finalize functional requirements 10 18 28 18 √
13 Develop/finalize hardware requirements 12 16 18 16
14 Develop/finalize software requirements 10 16 30 17
15 Develop/finalize requirements traceability matrix 11 14 28 16
16 Finalize project deliverables 2 2 3 2 √
17 Develop scope statement 4 9 10 8 √
18 Finalize/Update WBS 2 3 5 3 √
19 Schedule (Time) and Cost Planning
20 Finalize hardware/software costs 2 4 5 4
21 Update activities and duration estimates 6 12 14 11 √
22 Human Resource Planning
23 Finalize resource requirements 6 10 14 10
24 Finalize project costs 4 11 19 11
25 Identify training requirements 2 4 5 4 √
26 Complete training activities 6 12 14 11 √
27 Quality Planning
28 Determine impacted quality processes 2 3 4 3 √
29 Finalize quality management plan 2 10 18 10
30 Risk Planning
31 Update project risks 3 6 12 7 √
32 Draft risk register 2 3 8 4
33 Finalize risk management plan 2 4 7 4
34 Finalize Project Plan
35 Finalize communications management plan 2 3 4 3
36 Finalize procurement management plan 2 6 14 7
37 Finalize stakeholder management plan 2 2 5 3
38 Finalize project schedule/cost baseline 2 13 19 12
39 Finalize project plan 2 5 16 6 √
40 Obtain approval for project plan 2 4 7 4 √
41 Executing
42 Hardware
43 Procure hardware from suppliers 10 24 32 23 √
44 Software
45 Obtain software OS licenses 6 11 20 12 √
46 Obtain software application licenses 6 8 17 9
47 Pilot Testing
48 Setup test area 1 2 2 2
49 Load software onto pilot machines 4 6 8 6 √
50 Validate functionality 3 6 8 6
51 Deployment
52 Configure production hardware 10 25 33 24 √
53 Deploy production hardware 11 19 23 18 √
54 Load software to deployed hardware 12 17 19 17 √
55 Testing
56 Validate startup on deployed hardware 4 9 18 10 √
57 Perform OS testing 4 8 17 9
58 Perform application testing 4 19 28 18 √
59 Obtain formal sign-off from users 6 17 24 16
60 Monitoring and Controlling
61 Formal Customer Review 1
62 Hold formal customer review after project plan approval 1 3 4 3 √
63 Update project plan 4 10 20 11
64 Formal Customer Review 2
65 Obtain updates regarding key deliverables from project team 5 18 22 17 √
66 Hold formal customer review after pilot testing 5 7 11 7 √
67 Update project plan 4 8 15 9
68 Closing
69 External
70 Finalize procurement with suppliers 5 18 24 17
71 Customer Approval
72 Hold final customer review 1 2 2 2 √
73 Prepare/submit final customer report 3 6 10 6 √
74 Audit against contractual deliverables 3 5 8 5
75 Obtain final customer approval 2 3 4 3 √
76 Internal
77 Hold lessons learned meeting 1 1 1 1
78 Update final internal report 4 6 12 7 √
79 Hold project team celebration event 1 1 2 1 √
Expected Project Finish Time: Total Critical Path Variance: days
days
Total Critical Path Standard Deviation: days
Probability of finishing the project in 287 days is
or
%
Probability of finishing the project in 273 days is
or
%