e Cybersecurity concerns: With rising cybercrime, there are concerns around data security as all information gets consolidated online. Additional investments in cybersecurity measures might be needed. o Tight timelines: Management is keen to see results quickly given the business criticality, putting pressure on the aggressive 10-month timeline. Any delays will reflect poorly. e Budget constraints: While impactful, the project needs to be delivered within the allocated budget. Any cost overruns will need strong justification. As the project lead, your first task is to develop a comprehensive project plan covering the detailed scope, key milestones, resource allocation, risk mitigation measures and success criteria. You also need to get the key stakeholders aligned and put in place a robust governance mechanism to keep things on track. With your strong track record of managing complex projects, you are excited to take on this challenging assignment. You know that delivering this project successfully will be a game- changer for XYZ Hypermarket, enabling it to drive efficiencies, make smarter decisions and elevate the customer experience. Keen to put your project management skills to the test, you are all set to kickstart this transformational initiative. (a) Stakeholder Analysis: Identify and list the key stakeholders for this project. Analyse their interest, influence, and potential impact on the project. Suggest strategies to effectively engage and manage these stakeholders. (20 marks) (b) Project Methodology Selection: Compare agile and waterfall project management methodologies in the context of this project. Recommend the most suitable methodology for this project, justifying your choice. (15 marks) (c) Work Breakdown Structure (WBS): Develop a detailed WBS for the XYZ Hypermarket project, breaking it down to at least 3 levels. Explain how the WBS will help in scope management and task allocation. (25 marks) (d) Project Scheduling: Create a project schedule including key milestones, dependencies and resource allocation. Identify the critical path(s) and explain the significance. (25 marks) (e) Risk Management: Identify potential risks for this project and assess their likelihood and impact. Propose risk mitigation strategies for the top three risks. (15 marks) ASSIGNMENT (Total 100 marks) Case Study: XYZ Hypermarket Project XYZ Hypermarket is a leading chain of retail stores with 10 outlets spread across Singapore. Established 15 years ago, the company has steadily grown its presence and customer base. However, as the business expanded, managing inventory and sales across the different outlets has become increasingly challenging. Currently, each outlet uses its own disparate systems for tracking inventory and recording sales. This lack of uniformity and integration leads to issues like stockouts, overstocking, and difficulties in getting a real-time consolidated view of the business. Reconciling data is time- consuming and prone to errors. To address these challenges and streamline operations, XYZ Hypermarket plans to develop and implement an integrated inventory and sales management system across all its outlets over the next 10 months. The system will provide real-time visibility into stock levels, automate replenishment, and consolidate sales data, enabling data-driven decision making. As the project manager, you have been tasked with end-to-end planning and execution of this strategic initiative with a budget of $250,000. You will be working with a cross-functional team of 20-30 people, including members from IT, operations, finance, and individual store teams. External contractors with specific domain expertise will also be engaged. Some of the key challenges that need to be navigated include: e Diverse current systems: Each outlet currently uses different systems for inventory and sales, with no standardisation. Integrating and migrating data from these varied systems will be complex. e Change management: Store staff are used to their current ways of working. Adapting to a new centralised system will require significant training, hand-holding and change management to drive adoption