Project Plans Outline: The Intended Course Of Events 597740

project Plans Outline The Intended Course Of Events

Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management. Add the following 2 columns to the project plan table you created in Wk 4 – Apply: Project Plan: Potential Risk Factors Contingency Plans Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan. Use Microsoft PowerPoint®â€¯, Prezi®â€¯, or another software to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information: The organization’s information presented in Wk 1 SWOT analysis and market trend research Project objectives How success will be measured The value this project will bring to the organization Project metrics Timelines Responsible parties Potential risk factors Contingency plans Include detailed speaker notes within the presentation. Convert the speaker notes to a Microsoft Word document and add it to the citations slide. Cite all sources according to APA guidelines. You will submit 2 different deliverables: Updated project plan with potential risk factors and a contingency plan Executive presentation with detailed speaker notes as a Word document within the presentation

Paper For Above instruction

In the realm of project management, the development of comprehensive project plans is essential to guide organizations through the successful execution of initiatives. Such plans traditionally outline the intended course of events, providing a roadmap that details objectives, timelines, responsibilities, and expected outcomes. However, the unpredictable nature of project environments necessitates the consideration of potential risks that may impede the achievement of project goals. As a result, effective risk management strategies, including contingency plans, become integral components of a robust project plan.

This paper elaborates on the process of augmenting a project plan with risk assessments and contingency strategies. Building upon prior research, including SWOT analysis and market trend investigations, organizations are encouraged to identify potential risk factors for each project objective. For instance, in a technology deployment project, risks could include technical failures, delays in procurement, or staff resistance. Once these risks are identified, appropriate contingency plans should be developed to mitigate their impact. For example, technical failures might be mitigated through backup systems, while resistance could be addressed via targeted change management initiatives.

The augmented project plan should be presented visually in a professional executive presentation, ideally comprising 12 to 14 slides. This presentation must summarize critical elements such as the organization’s internal strengths and external opportunities and threats, as analyzed in SWOT, along with market trends influencing the project. Clear articulation of project objectives and how success will be measured is essential, ensuring stakeholders understand the intended outcomes.

The presentation should also highlight the value proposition of the project, outlining the specific benefits it will bring to the organization. Metrics for success, including key performance indicators (KPIs), should be defined, alongside a detailed timeline that specifies phases and milestones. Responsibility assignments to team members or departments must be clarified to ensure accountability.

Furthermore, the presentation must include potential risk factors associated with the project, accompanied by well-conceived contingency plans. These plans serve as proactive measures to address potential disruptions, ensuring project resilience. The inclusion of detailed speaker notes within the slides enhances clarity and provides additional context, which can be converted into a Word document for submission alongside the presentation.

In conclusion, integrating risk management into project planning and clearly communicating it through engaging executive presentations is crucial for project success. The dual submission of an updated project plan with risk considerations and a comprehensive visual presentation with detailed speaker notes ensures that organizational leadership is well-informed and prepared for potential challenges.

References

  • Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Wiley.
  • PMI. (2021). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Seventh Edition. Project Management Institute.
  • Meredith, J. R., & Mantel, S. J. (2017). Project Management: A Managerial Approach. Wiley.
  • Schwalbe, K. (2018). Information Technology Project Management. Cengage Learning.
  • Heldman, K. (2020). Project Management JumpStart. Wiley.
  • Hillson, D. (2017). Managing Risk in Projects. Routledge.
  • Chapman, C., & Ward, S. (2014). How to Manage Project Opportunity and Risk. John Wiley & Sons.
  • Kloppenborg, T. J., Anantatmula, V., & Wells, K. (2019). Contemporary Project Management. Cengage Learning.
  • GOALS, S., & Wright, P. (2020). Improving Project Management Through Risk Strategies. Journal of Business Research.
  • Leonard, D., & McGuire, S. (2018). Efficient Risk Management in Organizational Projects. Harvard Business Review.

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