Question :
The scenario of this report is based on information system project management that associate different formal phases based on its planning documentation.
- Produce a Gantt chart and network diagram of different activities.
- Determine 6 different milestones that can influence SMRT objectives.
- Construct a resource table in the context of this project.
- Proposed a calculation of project budget and RACI table
- Identify potential risk for big data analytics project as well as determine the probability/ impact matrix.
Answer :
INTRODUCTION
The study focuses on making the effective project plane which in turn will be helpful and effective for the business as to analyse the risk associated with stakeholder analysis. Therefore, there will be the preparation of various matrix, a milestone as well as resource table which bring the proper access through all the issues relevant to the project management. In addition, there will be a measurement of project budget and cost associated with this budgetary plan which brings the accurate analysis of funds required in the business.
TASK
1. GANTT CHART
|
Task Name |
Duration |
Start |
Finish |
Predecessors |
Resource Names |
Cost |
|
Project map |
60 days |
Mon 5/21/18 |
Fri 8/10/18 |
|
|
$166,550.00 |
|
Business idea |
15 days |
Mon 5/21/18 |
Fri 6/8/18 |
|
Project manager |
$39,000.00 |
|
Setting targets |
7 days |
Mon 5/21/18 |
Tue 5/29/18 |
|
Directors |
$15,000.00 |
|
Identification of risks |
5 days |
Wed 5/30/18 |
Tue 6/5/18 |
3 |
Risk manager |
$20,000.00 |
|
Ascertaining the key stakeholders |
3 days |
Wed 6/6/18 |
Fri 6/8/18 |
4 |
HR managers |
$4,000.00 |
|
Developing plans for over come with stakeholder management problems |
25 days |
Mon 5/21/18 |
Fri 6/22/18 |
2 |
Directors,project managers |
$106,050.00 |
|
Developing necessary business strategies |
6 days |
Mon 6/11/18 |
Mon 6/18/18 |
4,5 |
Project manager,Risk manager |
$20,000.00 |
|
Gathering information regrading risks |
5 days |
Tue 6/19/18 |
Mon 6/25/18 |
7 |
Risk manager |
$12,000.00 |
|
Preparing business case |
2 days |
Tue 6/26/18 |
Wed 6/27/18 |
8 |
CFO |
$15,000.00 |
|
Analysing available resources |
2 days |
Tue 6/26/18 |
Wed 6/27/18 |
7,8 |
Project sponsors, Directors |
$17,500.00 |
|
Developing suitable budgets |
3 days |
Thu 6/28/18 |
Mon 7/2/18 |
10 |
Accountants, auditors |
$1,450.00 |
|
Analysing productive operational needs |
1 day |
Tue 7/3/18 |
Tue 7/3/18 |
10,11 |
Project sponsors, steering committee |
$30,000.00 |
|
Measuring collected data |
2 days |
Wed 7/4/18 |
Thu 7/5/18 |
12 |
Accountants, auditors |
$2,000.00 |
|
Determination of technical requirements |
1 day |
Wed 7/4/18 |
Wed 7/4/18 |
10,12 |
Project management |
$2,500.00 |
|
Installation of technical devices |
1 day |
Thu 7/5/18 |
Thu 7/5/18 |
14 |
|
$4,000.00 |
|
Assessing the velocity and variety of data |
1 day |
Fri 7/6/18 |
Fri 7/6/18 |
14,15 |
MS project management software |
$1,000.00 |
|
Preparing the total business value |
1 day |
Mon 7/9/18 |
Mon 7/9/18 |
16 |
Excel |
$600.00 |
|
Testing |
19 days |
Tue 7/10/18 |
Fri 8/3/18 |
6 |
MS project management software |
$20,000.00 |
|
Assessing the progression of tests |
19 days |
Tue 7/10/18 |
Fri 8/3/18 |
17 |
MS project management software |
$20,000.00 |
|
Finalising the project |
1 day |
Mon 8/6/18 |
Mon 8/6/18 |
18 |
Project manager |
$1,500.00 |
|
Project closing |
1 day |
Mon 8/6/18 |
Mon 8/6/18 |
19 |
Project manager |
$1,500.00 |
2. Network diagram
3. Ascertaining 6 milestones with influence of SMART objectives
The preparation of milestone which in turn will be effective and appropriate for the business plan as to have a proper assessment over the risk associated in business and productive efforts made by professionals. However, in the present project need there will be need of making proper analysis through all the targets which bring the optimum outcomes and reason being mismanagement of stakeholders. Thus, to access the information relevant with the stakeholder management in the firm (Fuller and et.al., 2017). However, there has been various issues which will be managed by the professionals as to set the appropriate milestone of small target which bounds them to make fruitful research over the facts. Moreover, there are various milestones which will be helpful to the business professionals to initiate business projects such as:
- Process planning: To initiate the project in order to have collection of all the resources which in context with analysing the risks and issues relevant with the mismanagements of stakeholders. Therefore, these are the issues which are generally faced by an organisation. But to have proper assessment there is need to have suitable plan which will support the fruitful changes in business (Kerzner, 2018).
- Deciding timeline: It is mandatory to set a specific timeline which in turn helps in promptly reaching to the end solution. The timeline helps in keeping motivating workforce to continuously make productive efforts. Moreover, in the propose plan the duration of the project is starts from 12th April 2018 which will be completed within 60 days in a first week of July 2018.
- Communicating plan: The proposed idea and information needed to be communicate among all the professionals of business (Too, Le and Yap, 2017). Moreover, it will be beneficial and helpful as to have satisfactory efforts from all the professionals as well as it bring collaboration in the work.
- Designing objectives: after analysing the ideas and proposed plan from all the professionals the final decisions need to be made. Therefore, this will benefit in achieving the targeted goals in the right time (Cooper and Sommer, 2018). It includes assigning roles, duties to all the professionals which are participating the project plan of entity.
- Analysing available resources: To proceed the project plan there is need to have access thorough all the available resources in the business such as Workforce, funds for operation as well as technical resources. There will be use of various software and technical equipment which bring the accurate and prompt outcomes.
- Proceeding plan: After ascertainment of the plan, resources and effective targets which are needed to be achieved by the business, the ideas needed to be put into actions. Therefore, the initiation and execution of plan is needed to be managed by an effective leader or manager (Martinsuo and Hoverfält, 2018).
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