Imagine you will be managing two projects - one operational project (given below) and one innovative discovery analytics project (that you will find yourself). You need to write a report and deliver a presentation addressing and comparing both projects set up using the criteria outlined. This assessment is to be completed individually. The written assessment will be completed as Microsoft word report submitted via Turnitin. The presentation will be a video uploaded to KBS. Document Classification: Public Kaplan Business School Assessment Outline Page 1 Assessment Overview Part 1 - Written Case Study (25 Marks) PART A - Operational Project - 10 Marks (500 Words) You have been provided with an operational project looking at adding a new Formula 1 Grand Prix event to the Formula 1 calendar. Before you start the project, you have been asked to assess the project including leadership, risk and methodology PART B - Discovery Analytics Project - 10 Marks (500 Words) Discovery analytics projects are those in which participants are trying to gain new insight, create completely new ways of doing things or make improvements using data and analytics techniques. You are to research analytics projects and case studies on the internet. Use these as inspiration to find a similar unique project of your own, and then answer the questions in relation to your innovation analytics project. PART C - Reflection, Structure and Referencing - 5 Marks (200 Words) Reflect upon the similarities and differences of the projects discussed in Parts A and B. Present your report clearly with particular attention to formats, flow, research, and referencing. Part 2 - Video Presentation (15 Marks) You will deliver a 5-minute presentation outlining your personal reflection on the differences and similarities of the projects written about in Parts 1A and 1B. Document Classification: Public Kaplan Business School Assessment Outline Page 2 PART A - Operational Project - 10 Marks (500 Words) Formula 1 Grand Prix: Where to next The popularity of Formula 1 Grand Prix has increased dramatically over the past decade. The increased popularity has seen many new circuits and events added the F1 calendar in recent years including Bahrain, Jeddah, Miami and Las Vegas. Suppose there has been a new F1 Grand Prix licence given to a new city (of your choice) and you have been asked to manage the creation of this enterprise from the building of a circuit to the race day experience. The new circuit is due to have its first race in 2025. Source of ideas: https://www.forbes.com/sites/timnewcomb/2022/05/02/how-miamis-debut-formula-1-race-came together-from-track-to-food/ https://www.forbes.com/sites/maurybrown/2023/03/29/inside-the-numbers-that-show-formula-1s popularity-and-financial-growth/ Before you embark on the main project, assess the following aspects and set up of the project: Operational Project: Outline the scope of the project Evaluate your natural leadership style and how you will use it to lead the project Suggest a project management methodology and integrate it with the leadership style Estimate the budget of project Describe how you would assess the project risk using predictive project analytics (PPA) Evaluate possible human resources involved, and associated factors, e.g. workstyles, training & cultural fit Find at least five references for this section to support your idea. Use Harvard referencing with regard to including these references in your report. The KBS referencing guide is on MyKBS. Document Classification: Public Kaplan Business School Assessment Outline Page 3 PART B - Discovery Analytics Project - 10 Marks (500 Words) Find a discovery analytics project inspired by case studies on the internet. Ideas for Discovery Analytics Projects: https://research.csiro.au/ia/projects/ https://www.forbes.com/games/?sh=7ec1ca5042ac https://www.forbes.com/big-data/?sh=882bedb16d11 https://www.upgrad.com/blog/data-science-project-ideas-topics-beginners/ https://www.coursera.org/articles/data-analytics-projects-for-beginners https://data-flair.training/blogs/artificial-intelligence-project-ideas/ https://dac.cs.vt.edu/research/ https://www.springboard.com/blog/data-science-projects/ Discovery Analytics Project based on a similar analytics innovation case study project of your choice: Introduce the project in your own words Describe how you would assess the project risk using predictive project analytics (PPA) Explain how you would justify the running of this innovation project, e.g. the final outcomes would be of benefit to society, etc. Choose an optimal leadership type for the project Suggest a project management methodology and integrate it with the leadership type Estimate the budget of project, and why such an estimation may be difficult given the nature of innovation Describe the best team roles for undertaking the project, and include one that would add more diversity to the team Explain how you would democratise the project across the business Find at least five references for this section to support your idea. Use Harvard referencing with regard to including these references in your report. The KBS referencing guide is on MyKBS. PART C - Reflection, Structure and Referencing - 5 Marks (200 Words) Compare the two projects from Part A and B in terms of, but not limited to, Characteristics, Project Methodologies, Human Resource Requirements and Optimal Leadership Styles. Draw conclusions about how running these two projects would differ. Present your report clearly with particular attention to formats, flow, research, and referencing.