Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

This is Group Assignment #2. Use your project and WBS from your first Group Assignment #1, after addressing all comments provided to you in

image text in transcribed

This is Group Assignment #2. Use your project and WBS from your first Group Assignment #1, after addressing all comments provided to you in the returned and marked assignment. You will be required to provide the following: a. Network Information Chart (NIC), that identifies the components of the project, the duration for each component and the flow of work. See Table 6.1 pg. 175. b. Project Network Diagram (AON), From the NIC table, create a complete AON, See Figure 6.8, page 181 which will graphically display the project, start/end dates and identify the Critical Path of the project. Both the Forward and Backward pass will be required to calculate slack and identify the Critical Path. c. Risk Assessment, based on your knowledge and that of your peers, you will need to complete a Risk Assessment form (Figure 7.6 page 221. Be prepared to identify 4 risks to the project. For the sake of this exercise it is necessary to include 4 distinct risks and how you will manage each using a single strategy, but you must use the 4 following strategies-- Mitigation, Avoidance, Transfer and Retain - one for each risk. Develop a Risk Response Matrix Figure 7.8 page 227, where you detail the action plan to deal with anticipated risks. the d. Recommendation to Management, based on the information provided in your Network Diagram you are now able to make a recommendation to management on whether this project can be completed in the requested timeframe. Provide your Recommendation to Management on capability to proceed. Note that this is not simply a one-line statement! You are expected to sell Management on the ability to proceed based on your expertise, the risks involved, your scope document etc. Make it a convincing argument.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus

Authors: Jay Abramson

1st Edition

9781938168345

Students also viewed these General Management questions

Question

2. Categorize the items extracted from the domain.

Answered: 1 week ago