Summary of the article

500 words Course name: Strategic Application in Project Management

  • Project Plan: Project Schedule and Budget (Team Assignment): Develop a realistic project schedule taking in account non-workdays and holidays and a realistic budget (including foreign countries if applicable). Conduct research and use selected industry salaries, wages, and costs, etc. Create the schedule and budget in MS Project or MS Excel and transfer to the MS Word document. The MS Project /MS Excel file will be turned in with the MS Word document. Format the paper (in MS Word) according to APA in terms of citations and references
  • Project Plan: Risk Analysis and Change Control Management (Team Assignment): Develop a risk management plan identifying at least five primary risks that are relevant to the chosen project. Create a risk assessment matrix table in MS Word and quantify the likelihood and probability of the risk occurring, identify the effect of the risk, provide an overall risk assessment score, estimate when the risk could occur, and provide a risk control matrix, also in MS Word, explaining how each risk will be controlled. Then, develop the change control management plan describing how changes to the project scope, timeline, and budget for the chosen project will be requested, reviewed, approved, reported, and communicated. Additionally, identify who will be responsible for managing the change control process, reviewing and approving the change requests, and communicating the approved changes to project stakeholders and explain the role of change control management and discuss how changes to the project schedule and project budget will be managed. Format the paper (in MS Word) according to APA in terms of citations and references. You are required to cite any paraphrases, quotations, or support for your opinions/assertions; providing appropriate references on the references page.
  • Project Plan: Execution, Monitoring and Control (Team Assignment): In an essay, between 1,000 and 1,500 words, identify the steps taken to assemble, develop, and manage the project team and explain how the project execution will be managed and monitored. Explain the importance of project sponsorship and project leadership during project execution, and identify the method and explain the rationale of measuring and reporting project progress and performance. Format the paper (in MS Word) according to APA in terms of citations and references.

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