OPS35 - Project Activities - Gantt Chart - Critical Path - Main Stakeholders - Assessment Answer

OPS35 - Project Activities - Gantt Chart - Critical Path - Main Stakeholders - Assessment Answer

Assessment Task:

Overview

Risk planning aims at ensuring that risks associated to the projects are manageable according to the importance of the project to the organization, by:
• Defining how to conduct risk management activities for a project.
• Identifying risks that may affect the project and documenting their characteristics.
• Analysing and evaluating the probability and impact of risks (quantitative and qualitative analysis).
• Determining risk response plans aimed at reducing threats to project objectives.
• Prioritising risks.

How: Develop a project proposal that integrates the following topics:

• Create an innovative project’s title
•  Short overview (organisation & project)
•  Define project’s goals (SMART, 3 goals)
•  Define success criteria (3 criteria) Is / Is Not analysis (5)
•  Align business strategies and your project (BDN) (2* Tech)
•  Map benefits and deliverables, with prioritisation (Utilisation Matrix, 10x3)
•  Identify main stakeholders

Cost Planning

Cost planning aims at ensuring that the project will be concluded within the approved budget,by:
• Establishing policies, procedures, and documentation for planning, managing, expending, and controlling project costs.
• Determining the amount of money needed to complete project work.
• Establishing an authorised cost baseline, by aggregating the estimated costs of individual activities or work packages.

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