MGT 640 Topic 4, Project Risk Assessment Problems SOLUTION ID 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 Task TECHNOLOGY REFRESH (VERSION B) PROJECT Initiating Meet with key stakeholders Finalize statement of work Secure project team leads Finalize stakeholder register Develop project charter Finalize project charter Planning Scope Planning Requirements Develop/finalize functional requirements Develop/finalize hardware requirements Develop/finalize software requirements Develop/finalize requirements traceability matrix Finalize project deliverables Develop scope statement Finalize/Update WBS Schedule (Time) and Cost Planning Finalize hardware/software costs Update activities and duration estimates Human Resource Planning Finalize resource requirements Finalize project costs Identify training requirements Complete training activities Quality Planning Determine impacted quality processes Finalize quality management plan Risk Planning Update project risks Draft risk register Finalize risk management plan Finalize Project Plan Finalize communications management plan Finalize procurement management plan Finalize stakeholder management plan Finalize project schedule/cost baseline Finalize project plan Obtain approval for project plan Executing Hardware Procure hardware from suppliers Software Obtain software OS licenses Obtain software application licenses Pilot Testing Setup test area Load software onto pilot machines Validate functionality Deployment Configure production hardware Deploy production hardware Load software to deployed hardware Testing Validate startup on deployed hardware Perform OS testing Perform application testing Obtain formal sign-off from users Monitoring and Controlling Formal Customer Review 1 Hold formal customer review after project plan approval Update project plan Formal Customer Review 2 Obtain updates regarding key deliverables from project team Hold formal customer review after pilot testing Update project plan Closing External Finalize procurement with suppliers Customer Approval Hold final customer review Prepare/submit final customer report Audit against contractual deliverables Obtain final customer approval Internal Hold lessons learned meeting Update final internal report Hold project team celebration event Optimistic Duration (days) Most Likely Duration (days) Pessimistic Duration (days) PERT Expected Duration (days) 2 2 2 2 2 2 3 10 2 10 5 4 12 15 4 13 17 8 4 10 2 9 7 4 10 12 10 11 2 4 2 18 16 16 14 2 9 3 28 18 30 28 3 10 5 18 16 17 16 2 8 3 2 6 4 12 5 14 4 11 6 4 2 6 10 11 4 12 14 19 5 14 10 11 4 11 2 2 3 10 4 18 3 10 3 2 2 6 3 4 12 8 7 7 4 4 2 2 2 2 2 2 3 6 2 13 5 4 4 14 5 19 16 7 3 7 3 12 6 4 10 24 32 23 6 6 11 8 20 17 12 9 1 4 3 2 6 6 2 8 8 2 6 6 10 11 12 25 19 17 33 23 19 24 18 17 4 4 4 6 9 8 19 17 18 17 28 24 10 9 18 16 1 4 3 10 4 20 3 11 5 5 4 18 7 8 22 11 15 17 7 9 5 18 24 17 1 3 3 2 2 6 5 3 2 10 8 4 2 6 5 3 1 4 1 1 6 1 1 12 2 1 7 1 Critical Path Variance Total Critical Path Variance: days Total Critical Path Standard Deviation: days Expected Project Finish Time: days Probability of finishing the project in 287 days is or % Probability of finishing the project in 273 days is or %