Explore BrainMass
Share

Project Management Explanations

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

All I am looking for is a decent explanation of each and a reference.

1. Often projects have a disconnect between executive sponsorship and end-users who rarely commit the anticipated time for project efforts, provide input into project planning and budget, and accept ownership of end results. Describe how formal risk monitoring can save a project when end users fail to engage, or they have not been involved to the same level as sponsors and executives. Please support your input with references.

2. Today's organizations must recognize that the profile of enterprise-level projects requires examination of new and different risk factors. First, provide your definition of "enterprise-level" and then answer the question, How should the project manager expand for the enterprise-level project and plan for these factors accordingly? Please support your input with references

© BrainMass Inc. brainmass.com October 24, 2018, 8:08 pm ad1c9bdddf
https://brainmass.com/business/project-management/project-management-explanations-88975

Solution Preview

The response addresses the queries posted in 574 words with references.

//Before writing about the formal risk monitoring, it is essential to understand the risk and its effect on the project planning and budget. The probability of some risky event can be evaluated by risk monitoring. The concept of 'risk monitoring' will be discussed for saving a project from failing. So, firstly I will write about risk and its management criteria, for example://

Ans.: - (1) Risk is the potential harm that may arise from some present process or from some future event. It is often mapped to the probability of some event which is seen as undesirable. Usually the probability of that event and some assessment of its expected harm must be combined into a believable scenario (an outcome) which combines the set of risk, regret and reward probabilities into an expected value for that outcome.( en.wikipedia.org)

Risk monitoring is not ...

Solution Summary

More than 400 words.

$2.19
See Also This Related BrainMass Solution

Project Management

Using the project you created in Unit 1 Individual Assignment, put together a proposal for the customer that includes the following:
Briefly describe the first five points of the Project Scope Checklist in relation to your project:
1. What are the project objectives?
2. List the deliverables.
3. Identify the milestones of the project.
4. List the technical requirements.
5. What are the limits and exclusions?
Be sure to complete the following items:
· Identify the Project Priorities.
· Create a Work Breakdown Structure.
· Create a Responsibility Matrix.

Search the Web for project planning tools and describe at least 2. Download a demo or two and build a project, so you can see the different PM charts (Gantt, CPM, Pert, etc.). Comment on the ease in which you were able to build each of the charts. Which tool would you recommend to your classmates, if any, and why?

View Full Posting Details