SBLC5001 Project Management - Free Samples to Students
4.‘Every project, big or small, is associated with risks’. Risk analysis is one of the important requirement to make your project a success. Critically discuss the importance of Risk Management with respect to the project you have selected.
Answer:
Introduction:
This project depicts the role of ERP system in the business organization and the way through which it can enhance the overall business efficiency simultaneously. After analyzing the details of the cloud based ERP system, it is defined that for successful accomplishment of the solution around 180 days and £80,000 will be required and the project phase considered for the ERP development are divided into five work packages in terms of project initiation, planning, development, testing and closure.
The objectives of the project are as follows:
- To identify the current issues facing by Wiser
- To select the most suitable cloud vendor for Wiser
- To implement cloud based ERP solution within 180 days and £80,000
The goal of the project is to develop cloud based ERP solution for the business organization named as Wiser to increase its overall business efficiency.
The scope of the project is to build an accurate cloud based ERP platform for Wiser to resolve their operational and functional issues.
The project is assumed to be completed in 180 days within an estimated budget of £80,000.
Wiser was facing many issues associated to security, availability, support, scalability and resources. With the incorporation of cloud based ERP these risks will be completely resolved.
The total cost estimated for the successful implementation of the cloud based ERP is £80,000
In Wiser the cloud based ERP implementation will take around 180 days.
Wiser a United Kingdom based company serves in-house creative as well as recruitment solution for the applied candidates. The company is responsible to build employer brands for attracting amazing people an guide the candidates to serve them a dream career.
Wiser is a known United Kingdom based employment service provider Comp
any. The services offered by the company is mail y developed to attract the consumers. Besides candidates and applicants Wiser also has guides who can guide the candidates and act as mentors so that they can build their professional career successfully. However, due to lack of functional and operational activities Wiser fails to store their information. In order to resolve the issues of manual data management system the company is willing to implement cloud based ERP solution to store and access different information with high security.
Goals |
Objectives |
The cloud based system will increase the overall business efficiency
The system will be secured enough and the cost and time estimated for the system implementation is also reasonable |
To consider each necessary factors of cost and timeline
Another objective of the project developer is to complete the project within £80,000 with a time specification of 180 days or (6 months). |
Departmental Statements of Work (SOW)
Departmental SOW |
Owner/Prime |
Due Date/Sequence |
A project change request |
Project manager |
Fri 6/1/18- Tue 6/12/18 |
Requesting the cloud vendor |
Cloud vendor provider |
Mon 7/23/18-Thu 7/26/18 |
Submission of final design interface |
Project sponsor and project manager |
Wed 10/3/18-Wed 1/30/19 |
Organizational Impacts
Organization |
Impact to and Participation of Organization |
Wiser |
The company is a home for the young generation who dream bigger and whose level of expectation is more than the general one. This employment environment gives creative, recruitment meets for building and transforming employer brand. The creativity of Wiser innovate with design, web as well as film for capturing all those factors that the company makes. The recruiters associated to the company are much professional and thus introduces the companies with the most appropriate, suitable and eligible candidate. The company is willing to implement cloud based ERP solution for in increasing their overall business efficiency, operational and functional practices. |
Project Deliverables
Milestone |
Deliverable |
1. Project initiation phase
2. Project planning phase |
Defining project scope and company background Identification of project team Stakeholders identification for the business blueprint
AS-IS business process development Mapping ERP process Cloud vendor selection
|
3. Project development phase |
· ERP Prototype outlining · Defining manual process · Designing interface · Project testing |
4. Project closure phase |
· Stakeholder signoff · Final documentation · Post project maintenance plan
|
Deliverables Out of Scope
The skills and knowledge required to be possessed by the project team members are not defined in the scope of the project
The future technical specifications are not appropriately designed and demonstrated in this project scope
Project Estimated Costs & Duration
Project Milestone |
Date Estimate |
Deliverable(s) Included |
Confidence Level |
Milestone 1: Completion of project initiation phase |
Thu 7/5/18 |
· Defining project scope and company background · Identification of project team · Stakeholders identification for the business blueprint · Identifying system environment · Technical infrastructure development · Identification of production ambiance
|
Medium |
Milestone 2: Completion of project planning phase |
Wed 9/5/18 |
· AS-IS business process development · Mapping ERP process · Cloud vendor selection · Risk management plan · Procurement and contingency management plan · Identifying END-tc-END current business process · Indentifying process integrator points · Defining end-tc-END Future business process for Wiser |
Medium |
Milestone 3: Completion of project development phase |
Thu 12/13/18 |
· ERP Prototype outlining · Prototype designing · Defining manual process · Designing interface · Technical specification · Coding · Cloud platform identification and incorporation
|
High |
Milestone 4: Completion of project testing phase |
Wed 1/30/19 |
· Unite testing · Integrated testing · Acceptance testing
|
Medium |
Milestone 5: Completion of project closure phase |
Thu 2/7/19 |
· Stakeholder signoff · Final documentation · Post project maintenance plan
|
Medium |
Project Assumptions
Assumption 1: The project is assumed to be completed within 180 days or 6 months
Assumption 2: The project is assumed to be completed in £80,000
Assumption 3: It is also assumed that with the successful implementation of the cloud based ERP system Wiser will be able to provide the consumers a much effective and efficient service
Project Issues
Priority Criteria
1−High-priority/critical-path issue; requires immediate follow-up and resolution.
2 −Medium-priority issue; requires follow-up before completion of next project milestone.
3 −Low-priority issue; to be resolved prior to project completion.
4−Closed issue.
# |
Date |
Priority |
Owner |
Description |
Status & Resolution |
1 |
Critical path issues |
High |
Project manager |
In order to complete any project, it is not necessary that there will be only one path rather there are many directions to be followed through which a project can be completed within estimated budget and time. If the project manager fails to identify the most suitable path to direct the project towards its objectives then the entire project may become a failure |
After identification of the critical path issues necessary actions should be undertaken for resolving the issues of project progress path. The project is expected to be complete |
2 |
Issues with post project maintenance plan |
High |
System developer |
As the project is about implementation of a cloud based ERP system for storing information in a much secured way thus if the project manager and system developer fails to identify all necessary post implementation program then for further system level issues there will be no availability of solution. |
Besides current maintenance planning the system developers are needed to consider all possible post project maintenance planning as well. |
Project Risks
# |
Risk Area |
Likelihood |
Risk Owner |
Project Impact-Mitigation Plan |
1 |
Lack of financial support |
High |
Finance manager and project sponsor |
It is the responsibility of the project sponsors and the finance manager to develop a feasibility study so that the necessary capital that might be needed for the successful completion of cloud based ERP system can be estimated. It is expected that if necessary financial support and given to the project developer at the very project initiation phase then within the estimated time the system will be able to deliver the system considering all specifications in terms of operational and functional activities. |
2 |
Improper resource allocation |
High |
HR manager |
In order to successfully complete a project, based on skills and knowledge, resources must be allocated to each task. It is the responsibility of the allotted human resources to complete their allotted job roles. With the help of different performance measurements matrix the skills of the resources will be measured accordingly. Then, based on the skills the resources are to be allotted for each work package. |
3 |
Lack of technical expertise |
Medium |
Resource manager |
For the successful implementation of the cloud based ERP system, wiser should arrange on job training and development program and workshop as well. It is expected that if the project team members attend those workshop and training program professionally then automatically their overall skill will be increased. If they apply those skills in the real world then the overall efficacy of the overall ERP system will automatically increase. |
4 |
Lack of security |
High |
System developer |
It is the responsibility of the system developer and security manager to take possible actions on ERP system security in terms of encryption, firewall and strong password. With the help of encryption apart from the sender and the receiver no third party will be able to access information from the server. The firewall can keep the information transmission channel secured from the external unauthenticated and unauthorized users. The security key should not be shared with any outsiders. |
Project Constraints
For this particular project triple project constraints are considered in terms of project time, scope and budget. After analyzing the service details offered by Wiser it is determined that, for the successful implementation of the cloud based ERP system the total cost estimated in £80,000. Besides cost the total time that has been estimated is around 6 months or 180 days. The scope of the project is to design and implement a cloud based ERP system for building employer brands that can attract people and guide them throughout their dream career. The timeline, cost and the resources details allotted for each phase are also elaborated in the following section:
Task Name |
Duration |
Start |
Finish |
Predecessors |
Resource Names |
Cloud based ERP system development in Wiser |
180 days |
Fri 6/1/18 |
Thu 2/7/19 |
|
|
Project initiation phase |
25 days |
Fri 6/1/18 |
Thu 7/5/18 |
|
|
Defining project scope and company background |
3 days |
Fri 6/1/18 |
Tue 6/5/18 |
|
project manager |
Identification of project team |
5 days |
Wed 6/6/18 |
Tue 6/12/18 |
2 |
project manager, project sponsor |
Stakeholders identification for the business blueprint |
6 days |
Wed 6/13/18 |
Wed 6/20/18 |
3 |
Human resource manager |
Identifying system environment |
3 days |
Wed 6/13/18 |
Fri 6/15/18 |
3 |
business analyst |
Technical infrastructure development |
5 days |
Thu 6/21/18 |
Wed 6/27/18 |
4 |
system developer |
Identification of production ambiance |
6 days |
Thu 6/28/18 |
Thu 7/5/18 |
5,6 |
business analyst |
Milestone 1: Completion of project initiation phase |
0 days |
Thu 7/5/18 |
Thu 7/5/18 |
7 |
|
Project planning phase |
44 days |
Fri 7/6/18 |
Wed 9/5/18 |
|
|
AS-IS business process development |
5 days |
Fri 7/6/18 |
Thu 7/12/18 |
8 |
system developer |
Mapping ERP process |
6 days |
Fri 7/13/18 |
Fri 7/20/18 |
10 |
Application programming manager |
Cloud vendor selection |
4 days |
Mon 7/23/18 |
Thu 7/26/18 |
11 |
project sponsor |
Risk management plan |
6 days |
Fri 7/27/18 |
Fri 8/3/18 |
12 |
project manager |
Procurement and contingency management plan |
9 days |
Mon 8/6/18 |
Thu 8/16/18 |
12,13 |
business analyst |
Identifying END-tc-END current business process |
6 days |
Fri 8/17/18 |
Fri 8/24/18 |
14 |
system developer |
Indentifying process integrator points |
3 days |
Mon 8/27/18 |
Wed 8/29/18 |
15 |
project manager |
Defining end-tc-END Future business process for Wiser |
5 days |
Thu 8/30/18 |
Wed 9/5/18 |
16 |
business analyst |
Milestone 2: Completion of project planning phase |
0 days |
Wed 9/5/18 |
Wed 9/5/18 |
17 |
|
Project development phase |
71 days |
Thu 9/6/18 |
Thu 12/13/18 |
|
|
ERP Prototype outlining |
9 days |
Thu 9/6/18 |
Tue 9/18/18 |
18 |
system developer |
Prototype designing |
10 days |
Wed 9/19/18 |
Tue 10/2/18 |
20 |
Application programming manager |
Defining manual process |
12 days |
Wed 10/3/18 |
Thu 10/18/18 |
21 |
system developer |
Designing interface |
12 days |
Wed 10/3/18 |
Thu 10/18/18 |
21 |
Application programming manager |
Technical specification |
10 days |
Fri 10/19/18 |
Thu 11/1/18 |
22,23 |
Application programming manager ,project manager |
Coding |
10 days |
Fri 11/2/18 |
Thu 11/15/18 |
24 |
Application programming manager |
Cloud platform identification and incorporation |
20 days |
Fri 11/16/18 |
Thu 12/13/18 |
25 |
project manager |
Milestone 3: Completion of project development phase |
0 days |
Thu 12/13/18 |
Thu 12/13/18 |
26 |
|
Project testing phase |
34 days |
Fri 12/14/18 |
Wed 1/30/19 |
|
|
Unit testing |
10 days |
Fri 12/14/18 |
Thu 12/27/18 |
27 |
system tester |
Integrated testing |
12 days |
Fri 12/28/18 |
Mon 1/14/19 |
29 |
system tester |
Acceptance testing |
12 days |
Tue 1/15/19 |
Wed 1/30/19 |
30 |
system tester |
Milestone 4: Completion of project testing phase |
0 days |
Wed 1/30/19 |
Wed 1/30/19 |
31 |
|
Project closure phase |
6 days |
Thu 1/31/19 |
Thu 2/7/19 |
|
|
Stakeholder signoff |
2 days |
Thu 1/31/19 |
Fri 2/1/19 |
32 |
finance manager |
Final documentation |
2 days |
Mon 2/4/19 |
Tue 2/5/19 |
34 |
project sponsor |
Post project maintenance plan |
2 days |
Wed 2/6/19 |
Thu 2/7/19 |
35 |
project manager |
Milestone 5: Completion of project closure phase |
0 days |
Thu 2/7/19 |
Thu 2/7/19 |
36 |
|
Project Structure Approach
[Replace this text with a description of how the project will be structured and what approach will be used to manage the project.
- The project constraints are dependent on each other. In order to measure the project level dependencies the project and the company both are considered in terms of out scope ad in scope. Sequential project activities will help the project managers to complete the cloud based ERP implementation project successful within the estimated time and budget. Necessary health and safety measures are also to be considered for the ERP system.
- In order to successfully complete the project the project manager has divided the entire project in small five phases. All of these phases are interrelated to each other and the input of one phase act as the output to the very next phase. According to the project plan the five project development phases are project initiation phase, planning phase, development phase, testing phase an closure phase. For each of the milestones the project manager, project sponsor and the system developers are responsible respectively.
Project Team Organization Plans
Project Team Role |
Project Team Member(s) |
Responsibilities |
Project manager |
John smith |
Responsible to control and monitor the cloud based ERP project |
Finance manager |
Williams Anderson |
To design feasibility study and develop a budget pan for the project |
Project sponsor |
Steven lee |
To sponsor necessary capital to support the project for its successful completion |
System developer |
John carter |
To develop the cloud based ERP system |
System analysts |
Thomas mullar |
To analyze the system that has been developed |
System tester |
James Anderson |
To test the system |
HR manager |
|
To develop the project team and allot the resources based on their job roles |
Business analysts |
John Cena |
To design the system considering all business aspects. |
Milestone |
Deliverable |
Project initiation document |
Successful completion of project initiation |
Project planning document |
Successful completion of project planning |
Project development document |
Successful completion of project development |
Project testing document |
Successful completion of project testing |
Project closure document |
Successful completion of project closure |
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