Risk Assessment and Quality Management Report on previous assignment

Risk and Quality Sections of the Project Plan

In Units II and III, you completed the Project Overview section of your project plan. It is now time to work on the following sections: Risk Assessment and Quality Management Report.

In this assignment, you are required to complete sections 2 and 3 of the project plan. Refer to your unit lesson (from this unit and last unit) and required unit resources to advance your project plan. Create the sections listed below.

2. Risk Assessment: Include evidence of the risk assessment. The section is divided into subsections on identification of risks, analysis (assessment of risk probability and consequences), and mitigation strategies.

2.1 Risk Identification: Describe all relevant risk variables for the project, including a brief description of the risk variable and the ways in which it is likely to affect the project.

2.2 Assessment of Probability and Consequence (Qualitative): Include a qualitative risk assessment matrix in this space. Give evidence of how you arrived at this assessment.

2.3 Assessment of Probability and Consequence (Quantitative): Include a quantitative assessment of probability and consequences, clearly identifying the criteria used for determining both probability of failure and consequence of failure.

2.4 Mitigation Strategies: Identify individual mitigation strategies for each high-priority risk factor. Briefly specify actions to be taken in order to accomplish the strategy.

3. Quality Management Report: In this section, be sure to define what quality means for your project from both a product and process standpoint. Include your project quality standards and expectations both internally and for the customer, the metrics and measures for success, and critical success factors. How will you monitor quality throughout the project? Who will be responsible?

This assignment should be a minimum of two pages in length, not counting the title page and reference page. Be sure to use proper APA formatting. Citations are not required; however, if outside sources are used, make certain to provide in-text citations and references.

Project Schedule

In this unit, you are required to complete the Project Schedule section of the project plan. Refer to your unit lesson (from this unit and last unit) and required unit resources to advance your project plan. For this assignment, create the components listed below.

4. Project Schedule: Include the duration estimates for all project activities, their activity networks, the project critical

path, and estimated project duration.

4.1 Activity Duration Estimates: Include a table with activity number, activity, predecessors, optimistic duration, most likely duration, pessimistic duration, and estimated duration. Be sure to show your paths as well as the critical path.

4.2 Gantt Chart: Show the task, duration, predecessors, and the schedule leveling.

4.3 Activity Network: Be sure to include fully completed nodes, including early start, early finish, late start, late finish, and activity float/slack.

This assignment should be a minimum of two pages in length, not counting the title page and reference page. Be sure to use proper APA formatting. Citations are not required; however, if outside sources are used, make certain to provide in-text citations and references in APA format. For more elaboration on what you should include in your project plan, refer to pp.

539–542 in your textbook.

Cost Estimation and Budgeting

In this unit, you are required to complete the Project Budget section of the project plan. Refer to your unit lesson and required unit resources to advance your project plan. You may also need to revisit the Unit V Lesson. For this assignment, create the components listed below.

2. Project Budget: Include cost estimation and project budget. Include direct and indirect costs, recurring and nonrecurring costs, and any expedited costs.

2.1 Project Resources: Identify all project resources. Develop a cost table for all project resources.

2.2 Other Costs: Identify all significant costs for materials (e.g., equipment, overhead, expediting).

2.3 Cost Estimates: Submit ballpark, comparative, and feasibility estimates. Show all information gathered to support these estimates.

2.4 Time-Phased Budget: Include estimated expenses for duration increments (e.g., days, weeks, and quarters).

This assignment should be a minimum of two pages in length, not counting the title page and reference page. Be sure to use proper APA formatting. Citations are not required; however, if outside sources are used, make certain to provide in-text citations and references in lude in your project plan, refer to pp.

539–542 in your textbook.

Communications and Control

In this unit, you are required to complete the following sections: Communications Management and Tracking and Status Updates. Refer to your unit lesson (from this unit and last unit) and required unit resources to advance your project plan. For this unit, create the sections listed below.

2. Communications Management: Identify all critical communications channels for project stakeholders, frequency of communications, types of information to be communicated, and the project status-tracking plan. Where appropriate, include electronic media used for collaborative purposes (e.g., Google Docs, Yammer, and Facebook). Also, in cases of geographically dispersed project teams, indicate methods for regular communications. Please review the discussion from Chapter 6 on team communication methods. An example of a communications management protocol is shown on p. 541 of your textbook.

3. Tracking and Status Updates: Indicate the methods the project team will use to regularly update the project status, including methods for tracking project progress, and identify which organizational stakeholders receive notification of the project status.

3.1 Tracking Method: Show the method used to track project status (e.g., S-curve, earned value, milestones). Indicate the regularity of these assessments (i.e., monthly, as needed, or upon completion of major deliverables). For earned value assessments, indicate how you will provide updated cost performance index (CPI) and schedule performance index (SPI) data. See p. 542 of your textbook.

3.2 Notification Record: Provide a record of project status update communications. Indicate who received project updates and show sign-off by key stakeholders upon their receipt of status updates.

3.3 Control Systems: Indicate the forms of project control to be used for the project, including configuration control, design control, quality control, document control, and trend monitoring. Develop control documentation for each form of control you intend to use, including a list of key organizational stakeholders who will be copied on all control documents and status updates.

This assignment should be a minimum of two pages in length, not counting the title page and reference page. Be sure to use proper APA formatting. Citations are not required; however, if outside sources are used, make certain to provide in-text citations and references include in your project plan, refer to pp.

539–542 in your textbook.

Project Closing

In Unit VIII, you are required to complete the Project Closeout section of your project plan. Refer to your unit lesson and required unit resources to advance your project plan. For this unit, create the section listed below.

2. Project Closeout: All necessary project closeout documentation should be included. Work completed or soon to be- completed must be identified, along with any configuration management changes.

2.1 Close Cost Accounts: Discuss completing and closing all project cost accounts and other financial closeouts.

2.2 Lessons Learned: Complete a Lessons Learned assessment that identifies key concepts learned and suggestions for future projects. What is your plan for retention of this information?

The Project Closeout section should be a minimum of two pages in length. You will need to add the Project Closeout section to your previous work from Units II–VII and submit a cohesive, complete, polished document for your final project plan. You will submit only one document; you do not have to submit the Project Closeout section separately. Be sure that you have incorporated modifications based on your professor’s feedback throughout Units II–VII.

This assignment should be a minimum of two pages in length, not counting the title page and reference page. Be sure to use proper APA formatting. Citations are not required; however, if outside sources are used, make certain to provide in-text citations and references include in your project plan, refer to pp.

539–542 in your textbook.