Strategic Management
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week_7_assesmentmilestone_and_contigence_plans.docRunning head: RISK ASSESMENT AND MILESTONE 1
RISK ASSESMENT AND MILESTONE 4
Risk assessment, milestone and contingency plans
Floyd Cooper III
MGT – 660
Dr. T
09-24-2014
Risk assessment
Risk assessment process describes the various techniques of determining the risks that Microsoft project faces from project start-up. The severity/impact and frequency of attack forms the basis of risk assessment. The understanding of the risks helps to device contingency plans and other risk prevention and mitigation mechanisms. Major risks facing the project includes price of resources fluctuation due to inflation, insufficient finance, failure of project completion on time and inadequate skilled work force. Microsoft has developed contingency plans to shield itself from the above risks.
Milestone schedule
Typically, the completion of activities in any project involves a stage-by-stage process known as milestone. The developmental process of Microsoft’s windows version 8.1 involves a sequential process as outlined below.
Project milestone
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Microsoft Windows 8.1 Milestone Schedule |
YEAR 2014/2015 (MONTHS) |
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ACTIVITIES |
SEPT |
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NOV |
DEC |
JAV |
FEB |
APR |
MAY |
JUN |
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AUG |
SEPT |
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Windows 8.1 initiation |
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Windows 8.1 development planning |
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Windows 8.1 requirement analysis |
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Windows 8.1 design |
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Windows 8.1 development planning |
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Windows 8.1 integration and testing |
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Windows 8.1 implementation |
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Windows 8.1 operation and maintenance |
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Windows 8.1 Evaluation |
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launching the windows 8.1 |
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TOTAL DURATION |
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Contingency plans
Almost all the projects experience some deviations in time, cost and resources (Caron, 2013). The deviations may impede the project in terms of completion time. The Microsoft project manager has developed several measures in case the project does not go on as planned. They includes developing a contingency budget, procuring extra system development resources to cater for normal and abnormal losses, beginning as many activities as possible simultaneously to ensure project completion on time and conducting a proper risk assessment analysis.
Reference
Caron, F. (2013). Project Risk Analysis. In Managing the Continuum: Certainty, Uncertainty, Unpredictability in Large Engineering Projects (pp. 57-65). Springer Milan.
