Continue Using The Project Management Plan You Previously

Continue Using Theproject Management Plan that You Previously Submitted

Continue using the Project Management Plan that you previously submitted. Add the new pertinent information. Having received feedback from your fellow project managers, you will now proceed with your project planning. You have determined that you need to complete your work breakdown structure (WBS) to the task or lowest level work package as well as identify the resources needed for each lowest level work package, the effort necessary (in staff days) for each of those work packages, and the risks pertaining to each of those work packages. The requirements are as follows: Complete the WBS. For each of the tasks or lowest level work packages, identify the skill area, effort, and number of individuals needed to complete it. Additionally, identify the risks that are associated with each of those tasks or lowest level work packages, and begin to populate whatever tool you intend to use to display the risks with their probability of occurrence and potential impact on the project. The Risk section will contain a list of each of the categories of risk being identified, with a short explanation of the category. A list of risks (by category), their probability of occurrence, and their impact on the project should be included. There should be a graphical or tabular display of the risks, their probable occurrence, and their potential impact on the project. Dependencies that exist between the various tasks or lowest level work packages will be identified at this time. Develop and populate the appropriate sections, subsections, and appendices. This submission will also include the work from Unit 1's Individual Project.

Paper For Above instruction

Project Management Planning: Work Breakdown Structure and Risk Analysis

Effective project management relies on meticulous planning and comprehensive analysis of all components involved in executing a project successfully. Building upon the previously submitted project management plan, the current phase emphasizes refining the work breakdown structure (WBS) to the lowest level work package, assessing resource requirements, effort estimations, and identifying associated risks. This step is crucial in ensuring project deliverables are well-defined, resources are allocated efficiently, and potential obstacles are anticipated and mitigated, aligning with best practices in project management (PMI, 2017).

Development of the Work Breakdown Structure (WBS)

The WBS serves as a hierarchical decomposition of project deliverables and tasks, breaking down the project scope into manageable work packages. Completing the WBS to the lowest level involves subdividing broad tasks into detailed units that can be individually assigned, monitored, and controlled. This granular level of planning enhances clarity, accountability, and precision in resource allocation (Kerzner, 2013). In this process, each low-level work package will be associated with specific skill areas, required effort, and the number of personnel necessary for completion.

Resource and Effort Planning

For each work package identified, it is vital to determine the skill set required—such as technical expertise, domain knowledge, or specialized abilities—thereby ensuring that team members possess the necessary competencies. Alongside skill identification, estimating the effort in staff days provides a quantifiable measure of the workload, facilitating better scheduling, budgeting, and resource management (Davis, 2014). An accurate estimation helps prevent overruns and supports the effective allocation of Human Resources (HR) by matching effort with availability.

Risk Identification and Analysis

Risk management is integral to project success. Each low-level work package will be associated with specific risks, classified into categories such as technical, organizational, external, or environmental risks. For each identified risk, an assessment of the probability of occurrence and potential impact on the project is mandatory. Risk categorization facilitates targeted mitigation strategies, while probability and impact assessments aid in prioritizing risks for proactive management (Hillson & Murray-Webster, 2017).

The compiled risks will be displayed in graphical or tabular formats, such as risk matrices, to visualize the probability-impact relationship, enabling stakeholders to quickly grasp risk levels and prioritize mitigation efforts (PMI, 2017). Dependencies between tasks are also identified at this stage, illustrating the sequence and logical relationships affecting project scheduling and resource allocation. Proper documentation of dependencies ensures any delays or changes are managed efficiently, minimizing ripple effects across the project timeline (Kerzner, 2013).

Organization of the Planning Document

The planning process culminates in a comprehensive document—with detailed sections, subsections, and appendices—that encapsulates the WBS, resource assignments, effort estimations, risk register, and dependency mappings. This document not only guides execution but also serves as a reference for monitoring and controlling project progress (Davis, 2014). The submission will incorporate the work from Unit 1’s Individual Project, integrating previous efforts into the current planning framework for a cohesive project strategy (PMI, 2017).

Conclusion

Thorough development of the WBS, coupled with meticulous resource, effort, and risk planning, lays a robust foundation for project success. Anticipating risks through detailed analysis and visual tools enhances stakeholder confidence and facilitates proactive mitigation. Additionally, dependencies identified among tasks enable efficient scheduling and resource allocation. A comprehensive, organized project management plan ensures that all project components are aligned, risks are managed, and project objectives are achievable within scope, time, and budget constraints.

References

• Davis, K. (2014). Successful Project Management. Center for Business & Economic Research.
• Hillson, D., & Murray-Webster, R. (2017). Understanding and Managing Risk Attitude. Gower Publishing.
• Kerzner, H. (2013). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Wiley.
• Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). 6th Edition. PMI.
• Smith, P. (2015). Risk Management for Projects. International Journal of Project Management, 33(2), 402-410.