Individual Assignment
FOR
MODULE 1 (Project Management: Leading Creating, Implementing and Improving)
CASE STUDY: Franklin Equipment, Ltd
DECLARATION
1. “I hereby declare that this assignment is entirely my own work, and that it has not previously been submitted to any other Higher Education Institution. I also declare that all published and unpublished sources have been fully acknowledged and properly referenced. This includes figures, tables and exhibits. Where modified by us, this has also been indicated.”
Signed
Print Name: Nenzhelele Ndidzulafhi
Date: 20 October 2016.
Table of Contents
1 Executive summary …………………………………………………………………………… …3
1. Introduction ………………………………………………………………………………………… 4
2. Project organisational …show more content…
This should also help the team in recruiting the best employees to become part of the project.
4.7 Lack of proper risk plan
Analysis
According to Roy Burke, project risk may be defined as an event that prevent or limits the achievement of the project objectives as defined at the outset in the project charter. The objectives might be revised and changed as the project progress through the project lifecycle.
Based on the case study it shows that there is not proper risk plan in place as there are some concerns including the terrain rock, weather conditions, and logistical concerns as they create special concerns for all phases of plant design and operation .Such risks need to be mitigated so that the impact of these risks can be mitigated. Recommendation
The project team needs to identify the risk categories that might have an effect on the project. Categories could include Technical, Schedule, Cost, Human resource ,External ,Sponsor, etc.(Gido and Clement 2015:287).The project team needs to identify the risks and develop a risk response plan in order to prevent the chances of the risk to affect the project negatively. Risk response planning develops an action plan to reduce the likelihood of occurrence or potential of that risk. The following risk management process should be
FOR
MODULE 1 (Project Management: Leading Creating, Implementing and Improving)
CASE STUDY: Franklin Equipment, Ltd
DECLARATION
1. “I hereby declare that this assignment is entirely my own work, and that it has not previously been submitted to any other Higher Education Institution. I also declare that all published and unpublished sources have been fully acknowledged and properly referenced. This includes figures, tables and exhibits. Where modified by us, this has also been indicated.”
Signed
Print Name: Nenzhelele Ndidzulafhi
Date: 20 October 2016.
Table of Contents
1 Executive summary …………………………………………………………………………… …3
1. Introduction ………………………………………………………………………………………… 4
2. Project organisational …show more content…
This should also help the team in recruiting the best employees to become part of the project.
4.7 Lack of proper risk plan
Analysis
According to Roy Burke, project risk may be defined as an event that prevent or limits the achievement of the project objectives as defined at the outset in the project charter. The objectives might be revised and changed as the project progress through the project lifecycle.
Based on the case study it shows that there is not proper risk plan in place as there are some concerns including the terrain rock, weather conditions, and logistical concerns as they create special concerns for all phases of plant design and operation .Such risks need to be mitigated so that the impact of these risks can be mitigated. Recommendation
The project team needs to identify the risk categories that might have an effect on the project. Categories could include Technical, Schedule, Cost, Human resource ,External ,Sponsor, etc.(Gido and Clement 2015:287).The project team needs to identify the risks and develop a risk response plan in order to prevent the chances of the risk to affect the project negatively. Risk response planning develops an action plan to reduce the likelihood of occurrence or potential of that risk. The following risk management process should be